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RE: Gridcoin's Reddit night (19/20 March 2016.)
They disclosed very little. It boils down to "we can delete what we want, at any moment":
Multiple people complained about the whole thread being spam & its been deleted by another Mod here
You can find more details on cryptocointalk:
https://cryptocointalk.com/topic/1331-new-coin-launch-announcement-grc-gridcoin/page-1122