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Paratii Profile picture
Paratii
@ParatiiVideo
Researching & developing video applications on top of public web3 infrastructure.
Apr 2, 2018 • 19 tweets • 8 min read
1/ Tokenomics is on 🔥. Some disdainfully label it "the gift card economy". Others devote a life to perfecting parameters of virtual block rewards. There’s 1000s of tokens out there, and countless cute diagrams for explaining them. Stake, mint, slash - you’ve heard all buzzwords. 2/ The lowest-level primitives at hand here are rewards and punishments. Carrots and sticks. Incentives and disincentives. In tokenised systems, as @trentmc0 says, rewards = block rewards, and punishments = slashing stake.