Re:Show HN: I made a privacy-focused online journal
by muneeb on Sunday August 11, 2019 @06:36PM
(#20670997)
The pay outs are in Stacks (STX) tokens. Only the pilot phase was in USD/BTC which came from a developer growth/marketing budget that Blockstack PBC funded.
See this post for details: https://blog.blockstack.org/app-mining-plans-to-pay-blocksta...
Newly minted tokens as incentives have been in use since Bitcoin started 10+ years ago. We are using that concept for developer incentives.
Re:Show HN: I made a privacy-focused online journal
by peternicky on Saturday August 10, 2019 @10:29AM
(#20662245)
Waiting patiently for answers; the responses are not comforting.
1. Who is putting the money into the system? An outside investor? Miners?
2. Blockstack is putting out significant amounts of cash and are a private company. How do they intend to profit off of this in the future? Selling user data? Injecting ads?