The Gridcoin Fireside #14 - Manual Reward Claims; Project Brief: LHC@Home
The Gridcoin Fireside #14
Manual Reward Claims; Project Brief: LHC@Home
The Gridcoin Fireside is a participatory podcast brought to you by the Gridcoin community. It is intended to introduce and explore DLT, cryptocurrency, and crypto-economics from a science oriented perspective.
The audience is welcome to participate through voice-comms or via the discord text chat.
Join us every Thursday at 8:00pm EDT on the Gridcoin discord server.
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Recorded on July 25th
Manual Reward Claims (MRC)
This week we discuss manual reward claims, a mechanism that seeks to develop a lever for the the Gridcoin economic system by giving crunchers the option to claim their earned research rewards (ERR) without staking.
Instead, the researcher would click a button and receive their ERR, minus a small fee, in the next staked block. The fee, as currently presented, would be split between the staker of the block and development funding.
This means that this lever utilizes fee-based economics to enable treasury funding!
Treasury funding is a critical aspect of blockchain economies -- how do you fund development of open-source software and open-source economies... and open-source science? -- and is being explored by more and more communities. Here again, it would seem, GRC is helping drive the crypto space forward.
You will hear an introduction to these concepts along with an introduction to some of the details and discussions going on.
Remember! MRC is in the very early stages of development. Now is the time to get involved if you have ideas on how it might function best. You don't need to code to participate in these discussions!
| Time | Subject |
|---|---|
| 2:45 | News SotN New White Paper Proposal 2019 Boinc Workshop Speaker Reimbursement Poll Gridcoin Highlights |
| 7:30 | Project brief: LHC@Home |
| 27:00 | MRC - Introduction |
| 34:50 | MRC - Details |
| 45:00 | MRC - Discussion |
| 45:40 | Question 1: How does MRC guard against Sybil attacks? |
| 50:55 | Question 2: How will MRC affect the emission rate of GRC? |
| 52:00 | Question 3: What effect will MRC have on the staking difficulty of the network? |
| 55:30 | Question 4: Why is the reward cap at 80% of ERR? |
| 1:12:30 | Closing Discussion |
Project brief: LHC@Home
This week @delta1512 introduces us to the power-house of particle physics, LHC@Home.
Have you ever pondered if the protons and neutrons you learned about in high-school were actually made up of something even smaller? Well, they are, and there are a whole load of different "fundamental particles" that make up reality as we know it, and scientists dedicate themselves to discovering more of them and seeing how they work. This is where LHC@Home helps out.
To learn more, check out the project brief post linked above, or join us live tonight on The Gridcoin Fireside.
There is no Project brief next week, but we'll see Delta again in two weeks!
What is Gridcoin?
Gridcoin is a multi-incentive permissionless blockchain initiated in 2013. It mints and distributes cryptocurrency in relation to the processing power a network participant directs toward data-driven analysis and scientific discovery, as well as through a proof-of-stake reward mechanism. The Gridcoin blockchain monitors processing contributions to the Berkeley Open Infrastructure for Networked Computing (BOINC). BOINC hosts major institutional computing projects such as IBM’s World Community Grid, SETI, and CERN, alongside projects developed by students, enthusiasts, mathematicians, researchers, and citizen scientists. Access to Gridcoin's computation resources is free, while computation contributors are incentivized with cryptocurrency minted by the Gridcoin protocol.
Want to Learn More?
Website: https://gridcoin.us
Discord: https://discord.gg/jf9XX4a
Steemit: https://steemit.com/created/gridcoin
White Paper: https://gridcoin.us/assets/img/whitepaper.pdf
-- Github --
Codebase: https://github.com/gridcoin-community/Gridcoin-Research
Community: https://github.com/gridcoin-community