Discover and read the best of Twitter Threads about #GeneralizedMining
Most recents (4)
If looking for an institutional grade #Decred staking pool: blog.coinfund.io/announcing-gra…
Imagine if you could have earned a 10%+ annual yield on your #bitcoin, denominated in $BTC.
That’s what’s available for active participation in #Decred, denominated in $DCR, right now.
That’s what’s available for active participation in #Decred, denominated in $DCR, right now.
If interested in #GeneralizedMining at large, check out @coinfund_io’s grassfed.network.
Beyond @decredproject, they’re already involved with @LivepeerOrg, @steemit, @compoundfinance, and gearing up to support @NuCypher & @geo_protocol.
Beyond @decredproject, they’re already involved with @LivepeerOrg, @steemit, @compoundfinance, and gearing up to support @NuCypher & @geo_protocol.
So many terms floating around lately in relation to #DecentralizedNetworks, protocols, staking, and mining. The following Twitter-Wiki is how I understand all of these closely-related, but subtly different concepts. . . 👇
#DecentralizedNetwork - In our #Blockchain context, a P2P network with a protocol that can trustlessly transfer value in the form of #DigitalAssets.
#GeneralizedMining - Extraction of on-protocol compensation from #DecentralizedNetworks through the provision of #SupplySideServices, liquidity, or alpha-generating activities. (cc @coinfund_io, @JoeLallouz)
1/ Took a deep dive analysis (been a while since I've done one) into @LivepeerOrg today in an attempt to model #generalizedmining economics.
Source: explorer.livepeer.org/transcoders
Source: explorer.livepeer.org/transcoders
2/ Interesting takeaway from the above: the transcoder market appears very choppy (to delegators).
Some quick stats on block rewards:
- Only 3 of the 15 active transcoders (20%) desired block rewards >=25%
- 4 of the 15 active transcoders (~27%) desired block rewards >=10%
Some quick stats on block rewards:
- Only 3 of the 15 active transcoders (20%) desired block rewards >=25%
- 4 of the 15 active transcoders (~27%) desired block rewards >=10%
3/ With respect to fee share:
- 8 of the 15 active transcoders (~53%) desired fee share >=25%
-9 & 11 active transcoders desired fee share >=60% & >=~73%, respectively
- 8 of the 15 active transcoders (~53%) desired fee share >=25%
-9 & 11 active transcoders desired fee share >=60% & >=~73%, respectively
We define “#GeneralizedMining” as “any supply-side service provided by a third party to a decentralized network in exchange for compensation allocated by the network”.
Chances are the compensation is provided on-protocol & denominated often, but not always, in a native asset.
Chances are the compensation is provided on-protocol & denominated often, but not always, in a native asset.
#GeneralizedMining opportunities span staking, but also curation, liquidity provision, computational resource provision, TCR voting, governance, market making, and beyond. The market of generalized mining opportunities and supply-side providers is a “third-party economy”.
Investors, and their active participation in networks, is relevant to a subset of the third-party economy. As @TusharJain_ writes, and @fredwilson summarizes, that subset deals with opportunities that help to bootstrap networks.
multicoin.capital/2018/10/23/the…
multicoin.capital/2018/10/23/the…
