I was thinking about how Project Rain could work for Steem.

1. You could create a thread, request users upvote it and distribute the steem dollars raised to BOINC users.
2. A witness (with their increasing SP) or curation group could allocate up-votes to BOINC users. (Though, you cannot vote lower than 1%, so there would need to be a cut off).

I'd love to hear how you think Project Rain could be used in BTS/Steem/(other graphene projects).

Cheers,
CM.

Hey,

In episode #173 of BeyondBitcoin (https://steemit.com/beyondbitcoin/@officialfuzzy/guest-signups-beyond-bitcoin-hangout-173-9-16-16-rsvp-to-friday-s-hangout-refer-projects-for-rewards) I raised the following questions:

• Should we increase the quantity of BTS witnesses?
• Should we introduce witness vote degradation?

In BTSX we had 101+ witnesses, now we have 27 witnesses in BTS. Currently, witnesses earn approx $200/month. If in the future BTS increases significantly in value these positions will be earning more. The reason why I ask if we should increase the witness count is primarily because of the current witnesses slow reaction to implement price feeds.

Why I ask if we should introduce witness vote degradation:

• Campaigning for these witnesses positions has become almost non existent at this point (no witnesses in beyondbitcoin hangouts asking for votes for example)
• The witness sub-forum (https://bitsharestalk.org/index.php/board,61.0.html) has become a ghost town (witness channel on steemit isn't populated with BTS witness posts).
• Witnesses once voted in, unless their node degrades, are unlikely to be replaced by another prospective BTS witness. If we had voting degradation where after 'x' months your placed vote on a witness begins degrading over a period of 'y' months, we would see witnesses who actively campaign potentially becoming witnesses, replacing inactive BTS witnesses.
• Getting current witnesses to implement price feeds for new MPAs is quite difficult, I have been actively campaigning for witnesses to publish price feeds for the 'GRIDCOIN' MPA (https://bitsharestalk.org/index.php/topic,22733.0.html). After 2.5 months and 3 BeyondBitcoin hangout appearances only 2 witnesses have published price feeds for the GRIDCOIN MPA. New witnesses may be more likely to interact with the BTS community.
• By introducing voting degradation, we may increase regular participation in the voting system rather than a 'vote once and forget' mindset right now.

During episode #173, crypto.prometheus raised the issue of due to the current low network voting participation, perhaps an individual armed with $500k they could vote their own witnesses into power - whilst true, on the other hand if an attacker had significant funds they could likely convince an active witness to sell their account (since they only get $200/month, if someone comes along with $10k+ they may be very tempted to take the offer).

Thoughts? No official proposal has been created in the client, just an informal discussion at this point.

Matching Steem post: https://goo.gl/s7xMiT

Best regards,
CM.

A massive spike in trading activity occurred on 8th September 2016:

Coinmarketcap overview sorted by 24hr % change


Further Gridcoin analysis

• $625k 24hr trading volume! Usually GRC has a trading volume of a few thousand per day, this is a significant increase in daily trading!
• Poloniex appears to be the primary exchange where trading is occuring, however users are buying cheap coins off the less used exchanges (Bittrex/C-Cex).
• Only a couple days ago GRC had a market cap of approx $2 million, now it's sitting around $5 million. Cryptocurrencies are crazy volatile!

   


There have only been two spikes like this in the history of Gridcoin (as you can see above), these are:

• Oct-Nov 2015: When we first advertised Gridcoin on Boincstats - we were recruiting 30-50+ users per day to team Gridcoin through a single month long advertising campaign.
• Approx 21st Mar 2016: When a Gridcoin reached the front page of reddit due to a /r/futurology post - it was quickly hidden from public view though by disgruntled /r/futurology mods.

So, these are exciting times! Let's hope this brings new users to both Gridcoin & BOINC!

Happy crunching,
CM!

The 5% interest on anything was a major selling point for BTSX (Hell, it has an emoji here! ). I would love to be able to set interest on UIA/MPA.

What is Project Rain?

'Project Rain' is the practice of distributing crypto assets to BOINC users based on their verified BOINC computation; it was initially devised within the Gridcoin network and has been expanded to multiple cryptocurrencies and all BOINC teams through this BOINC project.

BOINC (Berkeley Open Infrastructure for Network Computing) is an open-source volunteer oriented computing grid that combines the processing power of all individual users for the purposes of scientific research.

Think of Project Rain as a massive new share-dropping vector that doesn't require your end-users to handle their wallet private keys nor require proof of IRL identity.

I discussed Project Rain in episode #172 of BeyondBitcoin: https://steemit.com/beyondbitcoin/@officialfuzzy/guest-signups-beyond-bitcoin-hangout-172-9-9-16-rsvp-to-friday-s-hangout-refer-projects-for-rewards

Why would I 'Rain' an UIA upon BOINC users?
Similar to 'share dropping', Raining an UIA (or even a small % of the total supply) upon BOINC users both distributes your asset potentially further than an ICO or mining phase and purchases an user base with significant computing power at their disposal (Some BOINC users have thousands of cores and/or hundreds of GPUs).

There are approx 500k+ active BOINC users & 4 million+ registered users. There's serious potential to far exceed the scale of distribution that Auroracoin achieved.

Can I make a BOINC project?
You certainly can, anyone can create a BOINC project (there's no central authority behind BOINC project creation).
You could potentially 'rain' an UIA onto your volunteers/workers to encourage further computation or to assign voting weight for project decisions.

Have an idea for a project? Check out this steem thread (now frozen, damnit!): https://steemit.com/gridcoin/@cm-steem/brainstorming-new-boinc-projects-anyone-can-create-a-project-and-reward-their-users-with-gridcoin

What cryptocurrencies are supported?
Currently, 29 cryptocurrencies including Gridcoin, BTS, Peerplays, Heat Ledger & Steem are supported. More cryptocurrencies can be supported before launch if you request soon!

Here's a couple Steemit posts on Project Rain:
https://steemit.com/beyondbitcoin/@cm-steem/project-rain-update-regarding-development
https://steemit.com/boinc/@cm-steem/project-rain-distributing-crypto-assets-to-boinc-users-based-on-their-verified-boinc-computation
https://steemit.com/steem/@cm-steem/gauging-interest-would-you-be-interested-being-able-to-tip-boinc-users-your-crypto-asset-of-choice

Thoughts?
I'd love to hear your thoughts on 'Project Rain' and ideas of how you could utilize this functionality.

P.S. Attention of BTS witnesses!
BTS witnesses, please support the 'GRIDCOIN' MPA by publishing price feeds, please! https://bitsharestalk.org/index.php/topic,22733.msg298931.html#new

*bump*

Any thoughts regarding my BTS liquidity bot BOINC project idea?

Are you able to buy MUSE? Cryptofresh/coinmarketcap shows $29 having been traded the last 24hrs but I cannot see it on the BTS market..

Found where I can buy muse, I've put up a fair offer of 1 SAT/MUSE.