READ THIS DESCRIPTION AFTER WATCHING THE VIDEO FOR CLARIFICATIONS / UPDATES / CORRECTIONS / FURTHER ANALYSIS

UPDATE: I was able to confirm that the ratio between mint supply increase and mint OS price increase is exactly 1:1. Someone was kind enough to buy exactly 1 Tru from the OS and both the supply and the mint price went up by EXACTLY .00000035717489%

UPDATE 2: It has been confirmed that new coins created from usage (not OS) mints (due to temporary solver/verifier subsidy) decrease the Mint OS price. This is due to supply diluting the eth escrow reserve. It therefore stands to reason that usage (not OS) burns will INCREASE the Mint OS price.

For proof, take the current supply of Tru and multiply it by the OS Retire (burn) price, which is 1/8 of the mint price. The number you get should match exactly to the reserve escrow. Since burns decrease the total supply but do not change the amount of eth in reserve, that means that they would raise the OS Retire price... which would subsequently raise the OS Mint price since the two are directly proportional (1:8).

This is great news for the Truebit bulls - both OS token mints and usage burns increase price. Now all we need for a complete formula is 1. Usage rate and 2. Burn % of used tokens

This does potentially alter the pricing formula, as an equilibrium price will always be out of reach (the usage burn that works as a market force to push LP pricing towards equilibrium will also raise the OS mint price which raises the equilibrium level... in other words, the force that pushes the tru token towards equilibrium also pushes the equilibrium price further up.) If the burn rate is as low as I think it will be then I don't believe this will have a huge impact in the short term. We need the burn rate to know more and we won't be able to deduce that until after the solver/verifier subsidy minting ends. Regardless, this is a bullish development.

Truebit Protocol Token Economics and Pricing Models:

This is not financial advice. I have no affiliation with Truebit Company nor do I have any "inside" information. I do own Truebit Tokens.

Apologies for the low production value - I am not a youtuber or video editor.

CORRECTIONS / ADDITIONS:
Around the 2 minute mark I said that truebit could hypothetically remove gas costs. This is incorrect. It could hypothetically reduce gas costs, not remove them.

Another error is that the pricing formula is missing a 1+ inside of the SQRT portion of the function. It would actually be SQRT(1+ Delta Market Cap)

As pointed out in the video, that formula assumes no tokens are burned. Burned tokens would decrease the total supply and increase the price for each individual token assuming the market cap stays the same.

Another error is the date of the Mint OS functions was listed as 5/5/21, when in fact it was from 5/4/21