Are there incentives for developers to build on Blockstack other than app mining and namespace creation? Also, where does the money for app mining come from? I haven’t seen anything mentioned on this in the forum or app mining materials. Is it part of the money Blockstack has raised from VCs and coin offerings because if so, it doesn’t seem sustainable.
With user ownership of names and data, applications will be forced to find new revenue sources since selling user data will not be possible and targeted advertising will be much more difficult since the user’s data may be encrypted. Also, in an ideal world, apps would not have to rely on advertising to generate revenue because this business model incentives capturing user attention rather than creating quality content.
In my opinion, app mining and namespace creation both seem very limited in their ability to incentivize developers. Even when there’s a monthly $1 million payout to app developers, the majority of apps will only be able to support a small team. For namespace creation, I’d assume most apps won’t need namespaces because users will just use their Blockstack ID as their identity.
I’m trying to learn more about Blockstack so it would be great if anyone could send along further readings on these topics. Thanks in advance.