Conclusion

We have proposed a protocol to compensate contributors to public goods based on the impact of their work through a value-preserving coin-issuance mechanism. The protocol aligns the incentives of all participants in the ecosystem to accurately estimate the impact of public goods and properly compensate contributors. It creates a decentralized economy where people can work in the public interest — permissionlessly. The protocol employs multiple layers of protection to ensure the integrity of the process and counteract attacks on the protocol. It solves the free-rider problem in public goods by preserving the value of the currency, while maximizing economic growth derived from public goods — thus creating a decentralized economy of abundance.