Economics
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).
- 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.
- Deflation:
- The deflation rate of our emission is 1.5% Per Month, or 19.5% per year compounded.
