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RE: DPoR Payments, current situation and proposals

in #gridcoin7 years ago (edited)

Great summary!

It is worth mentioning that the stake times with V8 aren't the abyssmal "several months unless you have hundreds of thousands of GRC" we heard so much about before the switch. For me, personally, I have not seen any reduced staking frequency. Granted, V8 hasn't run for a long time so we'll see what happens in the long run.

I'm in favor of the superblock payments, or a similar mechanism where the time-to-payout is as short as possible. I think we should separate proof of research and proof of stake since they perform very different tasks. PoS drives the network forward while proof of research drives research forward. In my opinion it doesn't make any sense to have to drive the network forward in order to claim your PoR rewards.

I've said it before, but PoS reward is instant gratification for work done at that moment while the PoR reward is paid for work done from now up to 6 months back.

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I agree. I think separating the blockchain protocol from the incentive protocol, as they are 2 different things with GRC, could allow us more flexibility with both.

I look forward to learning more from these discussions.