Difference between revisions of "Economics"

From BiblePay Wiki
Jump to: navigation, search
Line 7: Line 7:
 
<li>5% is given to IT (through sanctuary voted IT expenses, such as IT payroll, letter writing, PR etc)
 
<li>5% is given to IT (through sanctuary voted IT expenses, such as IT payroll, letter writing, PR etc)
 
<li>2.5% is given to PR, 2.5% to Peer-To-Peer features (such as Gospel Link sharing).
 
<li>2.5% is given to PR, 2.5% to Peer-To-Peer features (such as Gospel Link sharing).
 
+
<li>3% is given to Proof-Of-Biblehash (heat POW) miners
<li>Out of the 80% remaining, this amount is split between a chosen sanctuary, who provides POSE (proof of service) that has waited longest to get paid, and the miner who found the block.
+
<li>38.5% is given to the longest waiting Sanctuary
 +
<li>38.5% is given to the Proof-Of-Distributed Computing (Cancer Research budget)
 
</ul>
 
</ul>
  

Revision as of 17:16, 10 March 2018

BiblePay Economics:


    Block Breakdown:
  • Block Emission Level: Variable rate between 20000 and 5000, based on the network difficulty level (higher diff, lower block subsidy)
  • 10% is given to Charity (IE compassion.com) through the sanctuary voted budget
  • 5% is given to IT (through sanctuary voted IT expenses, such as IT payroll, letter writing, PR etc)
  • 2.5% is given to PR, 2.5% to Peer-To-Peer features (such as Gospel Link sharing).
  • 3% is given to Proof-Of-Biblehash (heat POW) miners
  • 38.5% is given to the longest waiting Sanctuary
  • 38.5% is given to the Proof-Of-Distributed Computing (Cancer Research budget)
    Deflation:
  • The deflation rate of our emission is 1.5% Per Month, or 19.5% per year compounded.


BiblePay Emission Schedule