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Can you explain the business model behind the payouts you make as part of app mining, please? (https://app.co/mining https://app.co/mining) In simple terms; I
by steveharman 7y ago
Can you explain the business model behind the payouts you make as part of app mining, please? (https://app.co/mining https://app.co/mining)
In simple terms; I'm trying to get my head around what Blockstack gets in return for paying developers to use Blockstack Auth ?
Also, you may want to investigate the rounding of Dmail's figures shown on that URL ^^
At the time of writing the page shows a lifetime payout to Dmail of $19,999 yet last month it shows they earned $20,000. Surely "lifetime" earnings must always be >= last month's figure, as last month is part of "lifetime" ?
Thanks
- muneeb 7y agoThere is no business model behind App Mining payouts for Blockstack. It's a developer incentive program, meant to incentivize developers to build high-quality applications on the network, especially in the initial years. You can argue that the developers make the Blockstack ecosystem more valuable by spending their time and effort to build apps for it in return for newly minted Stacks tokens. Kind of similar to how Bitcoin mining works where miners provide computing resources to the network and do some "work" and earn newly minted tokens. Thanks for the Dmail feedback, we'll look into it!