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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SHIFT] The New Web | IPFS/Phantom | JENGA Dynamic DNS solution for IPFS on: December 15, 2017, 01:43:10 AM
First off, I'm wondering what type of behavioral incentives are going to be in place to incentivize growth of the SHIFT user base once it goes live?

Also, I've been following the discussion regarding what gives SHIFT tokens value, and I just want to make sure I'm understanding correctly. I'm an economics guy without a strong tech background, so I'm going to try to paraphrase my understanding in very laymen terms, and I'm hoping someone can tell me if I'm grasping this...

For the sake of this example, let's assume speculation is not affecting the price of SHIFT. The price is only affected by the demand for the utility of the SHIFT token...

Tokens will be used to pay for functionality on the platform, like hosting. While the user base is small, and the token's price is equivalent to $10 USD, someone may pay for a year of hosting with 2 SHIFT tokens, with a price equivalent of $20 USD. As the user base grows, let's say the demand for hosting doubles, but the relative price of hosting remains the same in USD; $20. To accommodate the added demand, the price per token must increase by a factor of 2. So rather than the relative price of hosting increasing to $40, the value of the SHIFT token would increase from $10 to $20, and the cost of hosting would become 1 SHIFT token.

Am I on the right track here?
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