The App Mining rewards are incentives for developers to improve their app quality. I'd recommend this research paper to dig deeper in to the game theory behind App Mining: https://blog.blockstack.org/app-mining-game-theory-algorithm...
The source of money is newly minted tokens, just like in Bitcoin the miners operating the nodes and processing transactions get the newly minted tokens.
Edit: And here's a question maybe you can answer for me directly: If the user data is stored in a location of my choice, and the code runs on the client, what's the point of an app being powered by Blockstack rather than just being a local offline app that saves data to iCloud/Dropbox/whatever?
Thanks!
Beside, I may want to implement social features in the future. There is so many things that can be done and I'm exploring some possibilities :)
[1] https://twitter.com/pixelwerk/status/1159532787843706881
Your journal app looks great. I've created an account and look forward to trying it out!
Take the Dmails app for example, you can email me there on muneeb.id -- this will not be possible with an offline app.
I hear you on the developer focus for Blockstack. We might start a different brand that is consumer-focused. Right now the best page for consumer info is: https://blockstack.org/try-blockstack
Ok, so where are those tokens being minted? In the apps themselves? Who's buying them since they don't seem to be publicly buyable?
Because my concern would be that my journal/calculator/paint app are running CPU intensive mining with or without code injection and connecting to a large amount of foreign peers just for the sake of storing my data in storage I own...
Think about App mining as rewards to developers from Blockstack PBC.
1. Who is putting the money into the system? An outside investor? Miners?
2. Blockstack is putting out significant amounts of cash and are a private company. How do they intend to profit off of this in the future? Selling user data? Injecting ads?
See this post for details: https://blog.blockstack.org/app-mining-plans-to-pay-blocksta...
Newly minted tokens as incentives have been in use since Bitcoin started 10+ years ago. We are using that concept for developer incentives.