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RE: Why I will be voting NO on the proof-of-research roadmap poll

in #gridcoin7 years ago

Someone who is very much inclined towards GRC solely for the fact that my computation power is not going to be wasted but utilized in forms of BOINC results here is what i am thinking.

  1. I would prefer we only let people focus on what they are already doing i.e. BOINC.
  2. We need to find a way such that people can proudly start claiming the rewards for the work they do. At this point we have an entry barrier atleast 2000 GRC (at current 200$ investment). existing BOINC users have stats already why should they leave it to go pool mining to earn initial amount or why should someone invest in GRC. on top of this they will also have to switch teams.
  3. Staking is proven i hear you on that but the current way how staking works is absurd at best. I get rewards if an when (all to chances). I would much rather prefer having a system where every node gets a say and is able to collect rewards once per day or we form a queue where once you claimed you move back to the bottom and then rise through the entire crew. That would make this same for everyone.

At this point uncertainty around when i can get my rewards , leaving my current team, forced to go pool or spend $$ are major hurdles in pushing GRIDcoin to masses. Focus should be on how we can work towards easing these things out.

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While I agree with you, what you are discussing is not related to this poll. This poll is related to how we create a blockchain, which is the critical technology behind all cryptocurrencies.

What you are talking about is more connected to the poll: Receiving Earned Research Rewards.

There are proposed solutions to the issues you raise.

Thanks for pointing to the correct thread. Still learning about gridcoin and piecing things together.

No problem -- there's a lot to learn, and these polls in particular are covering several major issues. Stick around and it'll all make sense soon enough = )

Elsewhere I have also suggested that staking be done in a cue fashion. Modified a bit.

  • Everyone starts in staking group "a"
  • Let staking be POS as it is now, all the randomness in place.
  • but once you stake you go to into staking group "b"
  • Once staking Group "a" is emptied groups A & B swap and it starts over.

With 960 stakes per day you could stake about 172,000 users in six months.

i think this is an interesting idea, but save it for the (or make a) Receiving ERR thread = )

You are forgetting that there are no ID cards on the Internet. Users can create as many addresses and wallets as they want.

I definitely think the "estimated time to stake" is not in line with my observations.