[Discussion] 4th Generation BOINC credit system

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Message 74563 - Posted: 3 Dec 2016, 23:45:47 UTC

*bump* This topic came up in the 18th GRC hangout on the 3rd of Dec in a discussion between the Gridcoin & Curecoin/Foldingcoin communities.

https://steemit.com/gridcoin/@cm-steem/gridcoin-community-hangout-018-03th-dec-2016-9pm-gmt-rsvp-and-suggest-topics#@peppernrino/re-cm-steem-gridcoin-community-hangout-018-03th-dec-2016-9pm-gmt-rsvp-and-suggest-topics-20161128t000908864z
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SolarSurfer

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Message 75547 - Posted: 29 Jan 2017, 1:52:58 UTC - in response to Message 74284.  

Do we want to be fair to participants and projects alike by promoting credit parity between projects? If so we need a standard which all projects could adhere to in calculating their credit schemes.

Is there some reason that monetary value has not been discussed as a basis for Credit 4? Or maybe it has and I didn't see it.

Monetary value, after all, is the obvious common denominator among all the various non-cryptocurrency projects' service requirements, and the cryptocurrency projects also.

Why not use the fair market value, in US dollars probably, of the diverse processing, storage, bandwidth, etc, donations of the non-cryptocurrency projects' participants, calculated the same way that professional providers use to bill their customers, as a base for crediting them in a fair and equal way?

Cryptocurrency donation projects would need only to base their credits on actual donated dollars, or whatever currency the donation is made in converted into dollars.

Although this idea might shake things up a bit and take away some of the freedom that projects currently have in making up their own credit regimes, it does seems as though that freedom is being rather liberally interpreted by certain projects.

Projects would still be free to award bonus credits for things like fast completion of time-sensitive work units like GPUGrid's or successful completion of very long and fragile work units such as Climate Prediction's coupled models.

Maybe we could even found a 501c organization through which receipts could be issued to crunchers for tax deduction purposes.
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robsmith
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Message 75567 - Posted: 30 Jan 2017, 11:11:54 UTC

Monetrising the credits system would be fraught with many problems, not the least of which are not all participants are US taxpayers, and not all projects are based in the USA.

A credit system that fitted every project, and gave a "level playing field" across both projects and hardware would be a great thing. The trouble is that some projects are "determined" to give very high credits for their work, with no regard to the hardware being used, while others "play by the rules" and attempt to grant credit in line with the "real" work done, and I doubt that you will ever convince either group to significantly change course (more's the pity - I would love to see the level playing field.)
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SolarSurfer

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Message 75571 - Posted: 31 Jan 2017, 0:02:19 UTC - in response to Message 75567.  

Monetrising the credits system would be fraught with many problems, not the least of which are not all participants are US taxpayers, and not all projects are based in the USA.

A credit system that fitted every project, and gave a "level playing field" across both projects and hardware would be a great thing. The trouble is that some projects are "determined" to give very high credits for their work, with no regard to the hardware being used, while others "play by the rules" and attempt to grant credit in line with the "real" work done, and I doubt that you will ever convince either group to significantly change course (more's the pity - I would love to see the level playing field.)


Well the 501c part was just an afterthought really and I was assuming that it could be done on an international basis as with big charities that operate globally. I should have left it out of the post because it is not germane to the basic idea and confuses the issue.

The rest of the idea is not about monetization. It's about merely using the economics of the IT cloud services industry, or colocation industry, or the supercomputer industry, or whatever the applicable nomenclature is, as a template for a non-monetary credit system.

As for the likelihood of resistance from certain projects, I have no idea whether or not that can be overcome or how much leverage could be applied or by whom. I do know that if enough people express their desire to get something done, the likelihood of it happening increases.
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Message boards : Questions and problems : [Discussion] 4th Generation BOINC credit system

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