Gridcoin Constant Block Reward

in gridcoin •  7 years ago 

Dear all,

Today I decided to sell all my Byteball Bytes that I received for my historical credit on World Community Grid, and to buy Gridcoin. Fortunate, both altcoins are integrated into the Bittrex Exchange, therefore the transaction was smooth: the 0.167 GBYTEs being converted into 802.66 GRCs, with little commissions.

Decision was not easy, as I believe that Byteball is actually a very smart payment platform, with a big future. The decisive factor was the potential introduction of the Constant Block Reward (CBR) (details in the original announcement thread).

If you didn't noticed, currently there's an active pool running on the Gridcoin network, and the current status shows the we will have a 75/25 split between GRC minted by research-mint (RM) and stake-mint (SM). The direct effect of this changed will be that more investors will be motivated to keep their coins staking, implying a more stable network, and hopefully more interest for the Gridcoin.

Only time can tell if I made a good decision.

Happy crunching!

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Hey what happened to the daily DWP budget? Is it going to be taken from the75 or the 25? Nothing huge, like 1% or probably less.

I don't believe DWP was ever discussed when making the CBR proposal. The proposal was made in reference to our current system.

Any further reward changes with DWP can be made in the DWP proposal.

Indeed I just bought up myself a few thousand Gridcoin and think im going to pick up more tonight!

Yes, I also believe that Gridcoin has s a good momentum!

Yes, blockchain is kind of clumsy, but the best thing we had. Glad to see some progress and new ideas. Just hope it not be disaster.