The Link

The Fireside Chat 18 - The Value of Gridcoin

Links From the News

Gridcoin State of the Network Report July 23rd

Gridcoin Greylist

Summary

0-5:00

News

5:00-6:30

GPUGrid

6:30-18:30

Whitelist Questions

18:30+

Main Discussion

Main Discussion

This week we discuss the value of Gridcoin. We cover the following points:

Faith in the network as a whole / Network stability and security

Number of network participants

Number of network nodes

Number of transactions on the network

Substance of transactions on the network

Ability to use GRC

Ability to earn GRC

Relationship between participation cost (electricity, depretiation, etc), contribution, and GRC earned

And while we never brought this point up during the discussion, I feel okay mentioning it here (we've discussed it before)

Our use of incentive / how GRC is minted and distributed.

We discuss the following possible developments that would add value to the Gridcoin network:

Ease of use for transaction (mobile wallets and the like)

Ease of use for participation (UX and optimization improvements)

More direct relationship between FLOPs and reward

Next Episode

Join us for the next episode next Thursday, August 3rd, at 8:00pm EST, midnight UTC, on the Gridcoin discord.

The topic will be: BOINC, BOINC projects, and the Gridcoin Whitelist and Greylist process.

See you soon!

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.

Want to Learn More?

Website: https://gridcoin.us

Twitter: https://twitter.com/GridcoinNetwork

Discord: https://discord.me/page/gridcoin

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

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

-- Github --

Codebase: https://github.com/gridcoin/Gridcoin-Research

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