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RE: Gridcoin Research 4.0-2018 Roadmap Progress Report

in #gridcoin7 years ago

"I think a good compromise would be a PoS reward that is linearly related to the average gridcoin balance at the time of staking, but NOT a function of the time since last staking (other than the indirect impact of staking frequency). This appropriately rewards large balance holders, but also encourages everyone to keep their wallets online for staking, since staking more often with this method will lead to greater rewards. "

This is exactly what is being proposed in CBR. You've independently come up with the exact manner in which CBR is intended to work! More coins = higher probability to stake. Thus whales will stake with higher frequency - still earning de facto interest.

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Not quite. My suggestion provides essentially a quadratic curve, because you get the effect of both frequency and balance, whereas CBR, you get only frequency. Maybe quadratic is too much though. The problem with this is to balance all of the incentives/disencentives for the whales, medium, and small balance holders so as not to upend the gridcoin economy in the transition.

Unless I am misunderstanding something, we also still have the problem of long staking periods (low frequency) for really small balance holders, which remains a discouragement for new participants that are not using a significant initial investment.

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