/biz/BASE DAY 3: THE /BIZ/WAKENING

[Anonymous No.28422813]

BZB is pegged to the total daily volume of posts on /biz/, and rebases accordingly (so far only positive rebases). Holding BZB gives a sort of synthetic "ownership" of all volume on /biz/. If someone owns 1% of all BZB, they "own" 1% of posts on /biz/. Since this usecase considers percent ownership of a forum (or network), the rebase mechanism fits perfectly for this purpose. After a rebase, all holders own the same share of the network they did before the rebase. The network is simply divided into a new number of shares. Now, what is the incentive to hold? How does this product and its rebase mechanism deliver yield?

Lets assume the scenario of a stable marketcap from rebase to rebase. A positive rebase occurs when the volume of posts on the forum is higher than it was previously. On a positive rebase, the marketcap will temporarily increase by X fold to account for the new supply, which is then sold on the open market to bring the marketcap back to its original value. When new supply is sold, it is taxed for 1% and distributed to holders. This means that rebase to rebase, assuming a stable marketcap, holders are profitting from the calculated growth of volume on the forum. If the volume of interaction on /biz/ remains constant, then yield is recieved simply from taxing transactions and traders. BZB holders therefore profit from the constant activity and growth of /biz/. It would make sense for those who are active on /biz/ to hold BZB as their thoughtful discussions and activity influences the occurence of a positive rebase and transaction yields which they can profit from (via tax fees).

[Anonymous No.28422855]

>>28422813
This class of tokens like BZB tokenizes the volume of network interactions, which in the case of internet forums, is discussion, hence the name "Tokenized Knowledge Pools." The mechanisms of BZB can be applied to tokenize other types of interacting networks that hold value, like Tor for example. As more and more relay nodes and exit nodes are able to process requests (increased volume), the value of network shares which are not sold also increases. It incentivizes node operators (who hold their Tor token) to continue their operation, while recruiting others.

The World Wide Web and the Internet as we know it is akin to early civilization since its a network thats only been in inception for 30 years. Similar to early civilization which did not have a currency, there are networks of interactions on the Internet which have no currency for their operation, /biz/ and Tor are examples. Physical currency is backed by a network of interactions for physical goods, except this currency is also used as the medium of exchange and is mintable. Discussions between forum members do not require a medium for exchange. People do not pay each other for replies, but BZB is still backed by the network of forum interactions. It is assumed that the network participants of /biz/ in their best interests hold BZB, since contributing and growing the forum nets value.

BZB is quite literally the currency of /biz/. To earn it, you simply have the own a share of the network via BZB, and contibute to any post.

Website: http://bizbase.org
Telegram: bizbasebzb
Medium: https://bizbase.medium.com/announcing-biz-base-the-worlds-first-tokenized-knowledge-pool-db98bb542ffc

[Anonymous No.28423260]

For god's sake, please stop posting this FUCKING SCAM

You won't get away with this, lonely and angry scammers

Go get a job, niggers

[Anonymous No.28423344]

>>28423260
>reddit spacing
its time for you to go back now

[Anonymous No.28423387]

Previous thread on why this is a SCAM:

>>28297636

[Anonymous No.28423446]

>>28423387
that was a comfy thread

[Anonymous No.28423617]

>>28423344
>>28423446

I see you're angry and frustrated
How does it feel to spend lots of time building a piece of shit that has no value, just to see your efforts go down the drain?
How about doing some actual work next time?
I heard that McDonalds is always hiring

[Anonymous No.28424136]

Peg me daddy