You are viewing a single comment's thread from:
RE: New steem.io launch!
I like the idea that tokens are created based on users's contributions ( even if technically not true), what I don't like is the word used to express this idea.
I like the idea that tokens are created based on users's contributions ( even if technically not true), what I don't like is the word used to express this idea.
Token Are created based on users's contributions. But they are not created by the contributions or the contributors. Creation is done by DPoS and the created tokens are distributed based on user's contributions measured by the received upvotes.
In a DPoS system, the token creators tend to be much similar to mining pools than miners. This isn't a perfect allegory. But it's an interesting observation I've come across.
This is wrong. Tokens are created at a fixed rate by block. They are then distributed to users according to voting.
Which is why it's not "proof of brain"