The Economics of Proof of Brain Tokens - Explained!
Today I talk through the basic economic principles behind the proof of brain distribution of tokens. When voting results in higher payout, many people incorrectly assume they are 'paying' a person in a traditional sense.
I like to use the analogy of a central bank. Instead of taking the new money and loaning it into the economy, in a proof of brain economy the new money is distributed through voting.
This opens up a whole new world of possibilities behind incentivization and gamification - some of which I will touch on in future videos.
What would you like me to discuss in future videos? Leave me a question in the comments below!
Dear @ecoinstant
Another great piece of writting buddy. Such a great refreshment to my limited knowledge about PoB :)
Analogy you used was right on point. Seriously solid read.
Wouldn't it mean that after HF21, half of new money will end up in hands of very few?
Personally I believe that the best thing one can do is to find ways to receive solid delegations and convince several whales, that he/she is doing job of quality curator and is asking for their support.
Curation rewards may be really very profitable (without investing own resources).
Cheers, Piotr