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 "text": "The sem token economy is inflationary at equilibrium, and the authors argue this is a feature: inflation improves security and discourages rent seeking by penalizing holders who do not use their tokens to evaluate posts.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
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 "citation": "Craig Calcaterra, Wulf A. Kaal, Secure Proof of Stake Protocol (2018). SSRN: https://ssrn.com/abstract=3125827",
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  "name": "Secure Proof of Stake Protocol",
  "datePublished": "2018",
  "url": "https://ssrn.com/abstract=3125827",
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  "consensus-and-security",
  "economics"
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  "rent-seeking",
  "sem-tokens",
  "security",
  "token-valuation"
 ],
 "abstract": "The conclusion is that the economy is inflationary at equilibrium, which improves its security and discourages rent-seeking.",
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