Difference between revisions of "Economics"

From BiblePay Wiki
Jump to: navigation, search
 
(19 intermediate revisions by 2 users not shown)
Line 1: Line 1:
−
BiblePay Economics:
+
== BiblePay Economics: ==
  
 +
== Gross Block Breakdown: ==
  
−
<ul><b>Gross Block Breakdown:</b>
+
* Block Emission Level: Starting at 20,000 BBP at inception and decreasing by 19.5% per year.
−
<li>Block Emission Level: Variable rate between 20000 and 5000, based on the network difficulty level (higher diff, lower block subsidy)
+
* 15% is escrowed for governance for expenses paid via our sanctuary voted budget - emitted as one monthly superblock (10% for charity, 5% IT)
−
<li>20% is escrowed for governance for expenses paid via our sanctuary voted budget - emitted as one monthly superblock (10% for charity, 5% IT, 2.5% P2P, 2.5% PR)
+
* 85% is rewarded to our Sanctuaries for Services and block security
−
<li>37.5% is escrowed for Proof-of-distributed Computing (our Cancer Mining Research Budget - emitted in one daily superblock)
 
−
<li>38.5% is given to the next due Sanctuary
 
−
<li>4% is rewarded to the heat miner (Proof-of-BibleHash POW mining)
 
−
</ul>
 
  
−
<p>
 
−
<br>
 
  
−
<ul><b>How to calculate a BiblePay reward schedule:</b>
+
== Gross breakdown of Governance Budget: ==
−
<li>Block 70,000 has a gross reward of 11,645 (POW=499+Sanc 4492= subtotal of 4991 / .30 = 16636 - (4492 - 499) = 11645 for gross coinbase emission)
 
−
<li>Multiply 11645 * .20 to find the governance budget (2329)
 
−
<li>Multiply 11645 * .375 to find the PODC budget (4492)
 
−
<li>Multiply 11645 * .385 to find the Sanctuary payment (4492)
 
−
<li>Multiply 11645 * .042 to find the POW heat miner payment (499)
 
−
<li>Total : 100%
 
−
</ul>
 
  
 +
* Charity and Recurring Orphanage expenses (compassion.com, Cameroon One, Kairos, etc): 66%
 +
* IT Expenses and Payroll: 33%
  
−
<br>
+
== Gross breakdown of Sanctuary Service reward: ==
  
 +
* 99% is given for POVS (Proof of video storage)
 +
* 1% is given to the sanctuary for Block Security (POW mining)
  
 +
== Deflation: ==
  
−
<ul><b>Gross breakdown of Governance Budget:</b>
+
The deflation rate of our emission is 1.5% Per Month, or 19.5% per year compounded.
−
<li>Charity and Recurring Orphanage expenses (compassion.com, BLOOM, Cameroon One, Kairos, etc): 50%
 
−
<li>IT Expenses and Payroll: 25%
 
−
<li>PR and Campaigns: 12.5%
 
−
<li>Peer-to-Peer (Letter writing, gospel links, pay to preach): 12.5%
 
−
</ul>
 
  
−
<br>
+
See [[Emission Schedule|BiblePay Emission Schedule]] for more details.
  
−
 
+
[[Category:BiblePay Economics]]
−
<ul><b>Gross breakdown of mining operations (Allocation of 60% of Gross Coinbase Reward):</b>
 
−
<li>52.5% is given to PODC cancer miners</li>
 
−
<li>45% is given to the Sanctuary</li>
 
−
<li>5% is given to POW heat miners</li>
 
−
 
 
−
 
 
−
<br>
 
−
 
 
−
 
 
−
<ul>Deflation:
 
−
<li>The deflation rate of our emission is 1.5% Per Month, or 19.5% per year compounded.
 
−
</ul>
 
−
 
 
−
 
 
−
 
 
−
[http://wiki.biblepay.org/Emission_Schedule BiblePay Emission Schedule]
 

Latest revision as of 14:52, 27 November 2022

BiblePay Economics:

Gross Block Breakdown:

  • Block Emission Level: Starting at 20,000 BBP at inception and decreasing by 19.5% per year.
  • 15% is escrowed for governance for expenses paid via our sanctuary voted budget - emitted as one monthly superblock (10% for charity, 5% IT)
  • 85% is rewarded to our Sanctuaries for Services and block security


Gross breakdown of Governance Budget:

  • Charity and Recurring Orphanage expenses (compassion.com, Cameroon One, Kairos, etc): 66%
  • IT Expenses and Payroll: 33%

Gross breakdown of Sanctuary Service reward:

  • 99% is given for POVS (Proof of video storage)
  • 1% is given to the sanctuary for Block Security (POW mining)

Deflation:

The deflation rate of our emission is 1.5% Per Month, or 19.5% per year compounded.

See BiblePay Emission Schedule for more details.

Retrieved from "https://wiki.biblepay.org/index.php?title=Economics&oldid=6904"