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jringo

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jringo last won the day on May 18

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About jringo

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  1. CBR Proposal Completed - What's Next https://steemit.com/gridcoin/@jringo/cbr-proposal-completed-what-s-next
  2. CBR Update 3: Less than a week left to vote! https://steemit.com/gridcoin/@jringo/cbr-proposal-update-3-less-than-a-week-left-to-vote
  3. @KLiK There are no alternatives. Byteball does not use superblocks, a NN, and does not really hold the possibility of multiple projects with their current distribution method, which, as I understand it, is entirely centralized and does not involve the blockchain in any way. Keep an eye out for future developments, like Manual Reward Claims, to solve the problems you are having! And introduction to MRC: https://steemit.com/gridcoin/@jringo/an-introduction-to-manual-reward-claim-mrc Live discussion coming up on MRC: https://steemit.com/gridcoin/@jringo/join-us-for-the-fireside-chat-episode-08-on-may-17th-at-8-00pm-est-midnight-utc-constant-block-reward-cbr-and-manual-reward
  4. CBR Proposal Update 2 - Only Three Weeks To Go! https://steemit.com/gridcoin/@jringo/cbr-proposal-update-2-only-three-weeks-to-go
  5. The Fireside Chat Episode 07 - TCD vs RAC Steemit: https://steemit.com/gridcoin/@jringo/the-fireside-chat-episode-07-total-credit-delta-tcd-vs-recent-average-credit-rac Youtube: https://www.youtube.com/watch?v=K53PbUWVx_I&index=6&list=PLC6C5WwdBL4GaXcUfMAFbVyMFKNCgnKcy
  6. Gridcoin State of Network #14, May 12th 2018. https://steemit.com/gridcoin/@jringo/gridcoin-state-of-the-network-12-may-2018
  7. Gridcoin State of the Network Report #13 https://steemit.com/gridcoin/@jringo/gridcoin-state-of-the-network-28-april-2018
  8. CBR Proposal: Update 1 - Addressing Some Concerns https://steemit.com/gridcoin/@jringo/cbr-proposal-update-1-addressing-some-concerns
  9. The proposed white paper has been approved! Details: https://steemit.com/gridcoin/@jringo/gridcoin-the-computation-power-of-a-blockchain-driving-science-and-data-analysis-proposed-white-paper-approved
  10. @dc7d absolutely! Let me know if you think of anything else that should be clarified.
  11. @dc7d With CBR, interest disappears. It is not reduced. The reduction will the in number of GRC minted as reward for staking blocks. Currently there are ~960 blocks staked per day. This makes 350,400 blocks per year. Currently there are ~6,000,000 GRC minted as reward for staking blocks per year. Currently there are ~10,220,000 GRC minted as reward for research per year. Currently there are ~ 16,220,000 total GRC minted per year. These numbers define a monetary inflation rate. Monetary inflation rate is the percentage number that changes when comparing CBR to %APR. The change in individual reward is more difficult the determine because of the variables involved. The spreadsheet in the proposal provides a very rough outline. The most important part of the proposal for understanding what the options mean is the following: 65/35 By SM = 5,503,076.924784 By RM = 10,220,000 Total = 15,723,076.924784 70/30 By SM = 4,380,000 By RM = 10,220,000 Total = 14,600,000 75/25 By SM = 3,406,666.665888 By RM = 10,220,000 Total = 13,626,666.665888 80/20 By SM = 2,555,000.001168 By RM = 10,220,000 Total = 12,775,000.001168 85/15 By SM = 1,803,529.410528 By RM = 10,220,000 Total = 12,023,529.410528 As you can see, the number of GRC minted for staking decreases as we move from 65/35 to 85/15. This is because there is a technical barrier involved with changing the number of GRC minted for research rewards, so if we want to change the economic ratio of SM/RM, we must change the SM. In other words, the current system has about 35% of the total GRC minted going to stakers, so if we want to increase the percentage of the GRC minted going to researchers, we must decrease the number of GRC minted as reward for staking. You are absolutely right, though. This is a very complicated proposal because of how major the change from %APR to CBR actually is. From a non-technical standpoint, I would encourage people to vote based on principal instead of based on comparing %APR to CBR: What RM/SM split do you think is appropriate for the future of Gridcoin? To whom should the minted GRC be going? And how much?
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