The Fireside Chat 24 - Manual Reward Claims (MRC)
The Link
The Fireside Chat 24 - Manual Reward Claims (MRC)
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!
Like what we do at the fireside? We happily accept GRC donations.
GRC: SKEwHBTJ7REcT5AwewpJi6uH9S5TjtJmcR
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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.
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Good to listen your Youtube-cast @jringo. I've become more familar with MRC now, really helpful.
Thanks for the info.