I like this idea and want to improve this concept for future versions of the SAFE Network. 10% for app devs sounds similar to Royalties paid to book authors.
The following may sound like a criticism but I’m really trying to help make this a viable model and explain how it could work for everyone.
Royalties are based on a percentage of “profit” a publisher makes from book sales. This model is not glamorous. Most book authors don’t make enough income, unless they are a best seller. The content creator gets leftovers from the content distributor. This happens all throughout the entertainment industry.
If (Publisher = SAFE Network) and (Author = App Dev) then… where does the 10% reward come from?
Is it subsidized by the Network as coins are minted?
Is 10% taken from PUT revenue?
As @DavidMtl said, implementation has us stumped. I think most of us agree with the intent. Until we can see it in action, it’s very hard to conceive right now.
Fair warning, this is a controversial subject. I expect to get heat on this one, but it’s relevant to this thread.
IMO, digital property naturally goes to zero. Not because people don’t find it useful, but because it is so easily duplicated. I’m following the IP (Intelectual Property) debates, and I can see both sides. The content creator spends hours, energy, ideas, trying to make something valuable, but they are ultimately handicapped once their creation is duplicated. It benefits society, no doubt. At the same time, it also hurts their earning potential, long term.
I really like the idea of the SAFE Network rewarding App Devs, but I think people who want them to succeed should have power to support them. So I’m 100% in favor of watermarking with optional tipping. I also suggested an infinite crowd funding model for @Seneca. Maybe it could be something the App Devs could implement?