Inflation subsidies can cut cloud costs another 10x
Greg Osuri, CEO of Akash Network, Decentralized Cloud | Blockchain Interviews (InvestmentPitch Media)
“I wrote a paper called Bootstrapping a Free Market by Borrowing from the Future… you have this inflation and you can use this inflation to subsidize some of the costs and that in turn can actually accelerate growth… using that we can actually reduce the cost even further to 10x… it’s of course an economic hack.” — 00:14:58
Context: Comparing token-inflation subsidies to US corn and Indian textile subsidies; 100M genesis supply, 389M max over ~8 years on a decaying curve.