kaal:claim:3125822-027

Because earlier minted tokens pay out more than later ones at a steady fee rate, later experts have less motivation to join, and the remedy available to the bench is to change the exchange rate between fees and sem tokens to attract new recruits.

This may mean later experts have less motivation to join if fees paid into the system are at a steady state. To combat this, the bench may choose to change the exchange rate between fees and sem tokens to encourage new recruits.

Craig Calcaterra, Wulf A. Kaal, Vlad Andrei, Blockchain Infrastructure for Measuring Domain Specific Reputation in Autonomous Decentralized and A (2018), 4.4.2.2 More reputation calculations, p. 23
https://ssrn.com/abstract=3125822 · source PDF

Craig Calcaterra, Wulf A. Kaal, Vlad Andrei, Blockchain Infrastructure for Measuring Domain Specific Reputation in Autonomous Decentralized and A (2018). SSRN: https://ssrn.com/abstract=3125822

• assumes a steady state rate of incoming fees
• tokens are never destroyed

failuresupport: arguedfailure: late entrant disincentivefamily: staking-and-incentive-misalignmentrisk-and-incentivestokenomicsdefi

• restated_by kaal:claim:3125827-039 Because earlier sem tokens represent a larger percentage of the total and therefore pay out more, later expert...

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