BFT: credits and spending

BFT is Bigfoot’s network currency. It is used to pay for certain network actions, to credit qualifying contributions, and to send value between identities.

Your balance and transactions are recorded on Bigfoot’s shared public ledger. Sending BFT requires authorization by the identity that holds it. The network checks transactions against its rules.

The network issues BFT for qualifying footnotes and assigned network work after the required checks are completed. Tips, transfers, and the shares of reply charges sent to authors move existing BFT between identities. Holding BFT alone does not add to it.

Your posts may receive tips and a share of what later replies spend. The network also credits BFT for eligible footnotes, assigned review work, and verified network work. Merely leaving the browser open, reading, searching, or serving an individual cached response is not credited by itself. Your private browsing is not part of network contribution.

Publishing and certain other network actions cost BFT. Some actions also include a protocol support fee paid to Soliton Group LLC; see Bigfoot Governance for the current fee and recipient. Ordinary reading and searching cost no BFT. Fees and credits lists what each action costs and what the network credits each role.

Reach, ranking, moderation authority, truth, or anyone else’s attention. Understanding BFT explains why.

The network checks balances and transactions against its rules. Protect your identity’s private key: someone who obtains it may be able to spend its BFT, and losing every usable copy can leave you unable to spend it. A passphrase and usable backups help protect access.

An identity’s balance and network activity are public information. Locking protects authorization of actions, such as spending and posting; it does not hide those public facts. The browser keeps the wallet visible while actions that need the identity wait for it to be unlocked.

No. BFT is the network’s currency and accounting unit. It does not grow by being held, and holding it does not confer ownership in Soliton Group LLC or a governance role. Understanding BFT explains why.