The Gridcoin Fireside #16

Wealth Distribution in Cryptocurrencies

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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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On LBRY Web

LBRY App Follow Join Recorded on August 8th Wealth Distribution in Cryptocurrencies

In this episode we explore wealth distribution in cryptocurrency networks.

We discuss the problems centralization of wealth brings to crypto networks and cryptoconomics, the history of cryptocurrency generation and distribution, the rationale behind different methods of wealth distribution, and we dive into some specifics with GRC.

This week @delta1512 introduced us to math.

[email protected] is a mathematical project that aims to solve problems in number theory through "brute forcing". One of the problems it is working on has close correlation to internet security whereas others have some real-world applications.

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.

Want to Learn More?

Website: https://gridcoin.us

Discord: https://discord.gg/jf9XX4a

Steemit: https://steemit.com/created/gridcoin

White Paper: https://gridcoin.us/assets/img/whitepaper.pdf

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Community: https://github.com/gridcoin-community