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RE: Gridcoin reward mechanism and how to improve it

in #gridcoin8 years ago (edited)

I agree, they should be seperate. I didn't propose to change that. The PoB rewards should work exactly the same as before just paying out less. Instead of 50,000 GRC per 1000 blocks there would be 30,000 GRC per 1000 blocks.

So if you staked a block the following would happen:

  • you get 10 GRC fixed block reward
  • you get a PoB payout according to your RSA just like today
  • 10 GRC is credited to the foundation funds

The actual numbers are up for debate. My line of reasoning was that if we want the approval of investors the inflation rate should be less than it is today. The PoB reward should be greater than the PoS reward. The amount for the foundation just felt reasonable. 80% for the participants 20% for maintainance, development, advertising, funding science, charity, what ever the network votes on.