The Fireside Chat 24 - Manual Reward Claims (MRC)

jringo (63)in #gridcoin • 6 years ago

The Link

Summary

This week we discuss Manual Reward Claims (MRC). What is it? Why do we need it? Why might we not want it? How would it function? What effects will it have?

Time	Topic
00:45-9:09	News Update 3.7.16 SotN Sept 4th Foundation Wallet Andy Warhol Painting tokenized and sold on the blockchain EU and national funders launch plan for free and immediate open access to journals
9:09-14:00	The three top issues that MRC would solve -Scaleability -Adoption -Pool centralization
14:00-15:35	An argument against MRC: Maintaining staking as a utility
15:35-17:25	Anti-Spam Mechanisms Overview
17:25-20:00	MRC-Fees in different forms -Set Fee -User decision -Sliding Scale -Reduced fee based on time between a user clicks
20:00-21:00	Economic goals with MRC (Can you still stake your rewards with MRC implemented?)
21:00-35:38	MRC-Fees What do we do with them? -Send them to block staker -Send them to treasury -Send them to BOINC projects -Burn the fees -User Choice -Split distribution -Some combination
35:38-38:32	Why some people see burning as beneficial
38:32-41:00	General Comments
41:00-49:02	Minimum GRC required to claim rewards
49:02-55:30	General Comments
55:30-1:05:30	How would MRC change the UX of GRC -Barrier to Entry -Function of the pools
1:05:30-1:12:00	MRC, CBR, and the timeline

Next Episode

Join us for the next episode on Thursday, September 13th, at 8:00pm EST, midnight UTC, on the Gridcoin discord.

Topic: The Bigger Picture Part 2: What can Gridcoin as an entity and organization do beyond contributing massive levels of computation power to computing projects?

See you soon!

Gridcoin Discord

Like what we do at the fireside? We happily accept GRC donations.

GRC: SKEwHBTJ7REcT5AwewpJi6uH9S5TjtJmcR

What is Gridcoin?

Gridcoin is an open-source blockchain that mints and distributes cryptocurrency in relation to the processing power a network participant directs toward data-driven analysis and scientific discovery. Currently, the Gridcoin blockchain is secured through a proof-of-stake protocol and monitors processing contributions to the distributed computing infrastructure, BOINC. BOINC, the Berkeley Open Infrastructure for Network Computing, hosts major institutional computing projects such as IBM’s World Community Grid, SETI, and data from the Large Hadron Collider, alongside projects developed by students, enthusiasts, mathematicians, researchers, and citizen scientists.