Filecoin's tokenomics just got a massive overhaul—and it's pushing the model into hyper-deflationary territory. Here's the shift: 70% of block rewards are now redirected to miners who lock up collateral and deliver actual, verifiable storage. This isn't just staking for show—miners providing reliable storage services earn the lion's share, while bad actors face slashing penalties that permanently remove tokens from circulation. The setup creates a built-in deflationary pressure: honest storage work equals continuous token burn. It's a clever alignment of incentives—reward useful contribution, punish freeloaders, and shrink supply over time. For anyone tracking storage-based blockchains, this mechanism redesign is worth watching closely.