1/18 How Flare makes you richer by encouraging participation in the network, making it better over time.
(Video version @ https://t.co/KffCtIVVlo)
A thread. 👇
2/18 Imagine you lived in a country with a really high inflation rate, say 10%. That would be awful wouldn't it? Every year your money would be worth 10% less, so you'd have to hustle to earn at least 10% more each year just to break even.
3/18 But what if this country paid you to vote? Every month there was some kind of election, and if you participated by voting, you would get paid. Participating in all of the elections was enough to not only offset the 10% inflation, but get you a bit more buying power.
4/18 That's a pretty cool way to encourage people's participation in the democracy, right? But it wouldn't necessarily make the country better. A lot of people would probably just vote for anybody so they could get the reward and go home.
5/18 But what if the reward only went to the people who voted for the people that were most likely the best candidates? The people who got the most votes in the end are (democratically speaking) the best, and if you voted for one of THOSE people you'd get the reward.