You are viewing a single comment's thread from:

RE: Offline

in #idea7 years ago

ozggc.jpg

So, this is some sort of derivative of other currencies that mean I get some sort of power in some other domain?

So like, I have 1 BTC, I'm not doing anything with it while I'm waiting for it to hit $50k so I lock it up in BTCPower and that lets me do what? Help me out here.

Sort:  

No worries, I'm also confused myself lol. The idea is to "share" other assets and have some parallel / concurrent distribution when people vote, something like that. See, most crypto projects out there don't have any convenient ways to reward their contributors in a social manner (other than through rigid cryptoeconomic incentives that their protocol provides for the purpose of distribution, and off-chain solutions that are not very immediate like voting on content on steem). I think its something that improves the notion of decentralisation, at least when it comes to supply distribution. In terms of having a derivate that grows in value over time, well that's another story.

Good Question