Newly emitted token only go to “participants” — those who are staking.

In your 1 billion new tokens scenario, either one of two things would happen. (Keep in mind they wouldn’t all be issued at once)…

  1. More people see that there are 1 billion new tokens coming so they decide to stake in order to get their portion (thus increasing participation)
  2. No one new decides to stake, so the 1 billion are delivered to currently staked participating users, thereby increasing their ownership (thus also increasing participation)

Building live streaming on the blockchain at Livepeer. Previously Founder, VP Eng at Wildcard and Hyperpublic (acquired by Groupon).

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