Gridcoin Community Hangout #031
A massive shout out to the BeyondBitcoin community & @officialfuzzy for providing the Gridcoin community a room in their mumble server for free.
Another massive thanks to @peppernrino for editing the hangout recordings! Follow him on Steem! :D
What is Gridcoin?
Gridcoin securely rewards BOINC computation on top of Proof of Stake. Reward allocation is distributed, not centralized unlike other distributed computing related cryptocurrencies.
Where can I listen to past hangouts?
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The minutes can be found here.
Past episode details
030 RSVP & Topic suggestion thread
Why are we holding these hangouts?
- A mumble conference call can provide significant advantages over communicating via forums and IRC.
- To create opportunities to inform the public of new Gridcoin, BOINC and related services & their development progress.
- To bridge relations between the cryptocurrency & BOINC communities.
How long will the hangout last?
If there are not many topics suggested then hangouts won't last longer than an hour, on the other hand if there are many topics suggested then the hangout may last 2-3 hours!
When the Gridcoin Community Hangouts start really picking up traction we can become more strict with allocated speaking time if need be (so you're not waiting hours to talk).
Want to suggest a topic to discuss?
Reply with your suggestions in this Steem post & order of discussion will be from highest to lowest voted suggestions.
Can we discuss anything?
It's advisable to stay generally on topic, attendees are distributed around the world so they may not (likely won't) share the same views regarding controversial topics not related to Gridcoin/BOINC/Cryptocurrency.
That said, this 'on topic' guideline fizzles away once official recording has ended & the hangout becomes a more relaxed environment.
Proposed time for Gridcoin Hangout #031:
9PM GMT 27th May 2017.
Compare 9PM GMT to your time zone!.
How to join the Gridcoin hangout
Step 1: Download Mumble. [Windows Client, Android Client]
Step 2:
Step 3: Configure Mumble & join the server!
Label: BeyondBitcoin - Gridcoin
Address: mumble.beyondbitcoinshow.com
Port: 64738
Username: Enter your username
Password: w0rldCh@NG3rsUN!t3
Step 4: Join the Gridcoin channel!
Step 5: Configure your audio wizard & setup Push-To-Talk. Join 10-15 mins before the hangout starts to test your audio configuration.
I hope you decide to attend the hangout - everyone is welcome to join, especially those who suggest topics of discussion in this thread.
Best regards,
CM.
I'll be out of town this weekend but here's what's been happening in addition to huppdiwupp's awesome UI changes mentioned last week:
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I think it would be worth to discuss the development of a Gridcoin hardware wallet to support users who like to store their coins in a cold wallet (like the Ledger Nano S).
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I wrote a little something on the gridcoin reward mechanism. It is touching fixed block rewards, research vs staking rewards and future project funding.
https://steemit.com/gridcoin/@skcin/gridcoin-reward-mechanism-and-how-to-improve-it
Might be worth discussing.
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I like the idea, however raising additional funds might be worth talking about further down the road? We've still got a large foundation fund, no?
I agree that the block reward mechanism could be improved.
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I agree, gridcoin is right now in a very comfortable position with a huge foundation fund. But right now it is not really used. And if it were, these reserves would shrink fast. Right now gridcoin depends on a lot of volunteer work and funding. Currently to my knowledge development is not payed, the block explorers are not payed (for providing a very important service for the network), the forum is not payed for. What about hosting costs for the gridcoin.us website?
I don't think relying on volunteers is necessarily a bad thing but gridcoin might not reach its full potential. If we talk about changing the reward mechanism why don't we design it in a way that allows gridcoin to self-sustain. The point is not to simply raise funds, it is rather the oposite. Implementing a system where coins are set aside on the protocol level makes traditional fund raising unnecessary.
But if we do something like that we should do it right and not rush into it. The voting mechanism for example is in the current state not the right tool to decide about funds. It has to be designed in a way that represents network consensus. Right now votes with a very low participation rate can pass. And even votes with a high participation rate might not represent the network consensus.
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Replicated post!
Why combine both POS And POB into the one limited block reward? Their limits should be considered seperately.
I don't think there should be a reward cap on POB (aside from max coins created per day) so that users who stake once every few weeks/months (majority of new users not yet using pools) they will get more of their owed balance.
When we remove the mandatory team requirement we face potentially scaling up to the whole active BOINC community, for which there would not be enough coins for everyone to stake frequently enough to earn their owed balance, no?
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Market Analysis
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New tasks since last hangout
Any ideas for new tasks?
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How are we on translations to Chinese?
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It looks like we can just take the Chinese translations for most of the client from the blackcoin client: https://github.com/Erkan-Yilmaz/Gridcoin-tasks/issues/111
Other parts of the client will require manual translations.
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Any ideas for new BOINC projects?
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I have not really looked into golem but it might be possible to create a BOINC project that runs golem. ;)
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I think it'd be possible, and it's highly likely to be a successful project - it'd effectively be a pool/bridge between boinc and golem. We would be able to undercut their market from within!
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Shout out to recent Gridcoin Steemit threads!
Read or created a high quality Steemit thread relating to Gridcoin or BOINC? Post it and we'll give it a shout out!
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Any issues troubling users recently?
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Superblock issues?
https://steemit.com/gridcoinstats/@sc-steemit/gridcoinstats-eu-regarding-todays-seti-home-stats
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Meta post:
Should topics have a time limit for discussion? Say 15mins per posted topic, so as to maintain structure and reduce the length of the hangouts (3hrs+ avg haha).
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Yikes, they are getting longer and longer :D
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Yeah haha, marathon hangouts!
Thing is though, keeping a time limit enables us to keep the flow of discussion going. Aiming for 2hrs would be ideal.
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Yes, definitely. I think a time limit is good and we could end the hangout with open floor, taking more questions and/or discussing more details about things that didn't fit the time limit. The open floor could also be just something that isn't in the hangout recording to.
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Attendees:
huppdiwupp too
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