The Gridcoin Fireside #17 - Building a Treasury

jringo (63)in #gridcoin • 5 years ago

The Gridcoin Fireside #17

Building a Treasury

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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 August 15th

Building a Treasury

In this episode we explore treasury systems in cryptocurrency networks.

We discuss several ways they might function and their benefits.

The discussion ends with some very welcome comments from a new voice.

Gridcoin treasury post from January 2018

Time	Subject
2:15	News New White Paper Approved 2019 BOINC Workshop Reimbursement Validated Gridcoin.world proposal TXBit Vote
15:30	Treasuries in Cryptocurrency Networks
27:30	Opening Discussion
31:00	How is a treasury different from the foundation?
32:00	A type of treasury system
36:00	Verified Side-Staking Addresses
38:30	Would funds raised through a treasury system be required to be spent on Gridcoin development?
41:00	Building verified side-staking entities
46:45	Examples of other treasury systems
48:15	"Some comments from a noobie"
1:20:10	Closing Comments

Project brief

Join us on August 29th for a Project brief on World Community Grid!

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.