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by Zenbit_UX 3037 days ago
You're missing a key piece of the puzzle... The block producers provide value to the users in their server resources but are in turn not paid by users.

Their incentive is in controlled network inflation, between 1-5% per year and paid to the 21 block producers running the network.

In block chain more than anything incentives matter, just look at bitshares if you want to see how a network can collapse if the incentives aren't calibrated properly.