Bitcoin Forum

Hey everyone,

We're back again with episode 12 of our bi-weekly podcast, Bitcoin & Altcoin Trading Talk, brought to you by the good people at Coinigy (https://www.coinigy.com) and The Rational Investor (http://therationalinvestor.co).

Tonight we'll be discussing the recent CFTC commodities ruling, Coinbase's newly filed patents, and of course, as usual, our #Altcoin5 technical analysis.

Here's your chance to make your voice heard, reply either here or on twitter with your picks for tonight's show- We'll be doing technical and fundamental analysis on 5 user-submitted altcoins.

Link to official tweet (https://twitter.com/Coinigy/status/646725717405794305)

Flyer: https://i.imgur.com/DlyAoi5.jpg

Live Video Link (Starts at 10PM EST): https://www.youtube.com/watch?v=8MO6RMK3jy0 (https://www.youtube.com/watch?v=8MO6RMK3jy0)

Enjoy!

I would pick Gridcoin (GRC) as it is one of the more interesting coins out there.

Gridcoin (GRC) replaces mining with doing research for scientific projects, for example to cure Ebola (http://www.worldcommunitygrid.org/research/oet1/overview.do), fold proteins (https://boinc.bakerlab.org/) or find aliens (http://setiathome.ssl.berkeley.edu/). Then the money is worth the useful computations that were given to the public to create the money.

Making this possible in a dencetralized way is very hard, but I think the current approach of Gridcoin solves this problem very well. You can read about it here: https://docs.google.com/document/d/1PE4Rb6JylkVxj031pHW6aNPU-PLh_VenLHTkgqcZ2NM/edit#heading=h.1nx0jl77hp5r

From a user's point of view he simply has to run the simulations from the different projects on BOINC and the Gridcoin client. Then Gridcoin comes to a consensus, who has contributed how much computing power to BOINC, which can bee seen for example here (http://www.gridresearchcorp.com/gridcoin/?result&t=CPID_Leaderboard). In some blocks this consenus is saved in the blockchain and the reward one gets when staking a block is proportional to how much research was recently done for BOINC by this researcher.

More information and tutorial to set it up here: gridcoin.us

I would also vote for Gridcoin, which happens to be one of the few altcoins that does something useful for science and distributed computing.

Since I'm a Boinc user, Gridcoin got me involved into cryptocurrency. It has a very active community. And it's kind of an extension of Boinc to me by now:-)

edit:
Maybe I should mention too that it's traded at bittrex.com , poloniex.com and c-cex.com
And can be mined besides Boinc through eobot.com.

Thanks guys- Apologies for not giving fundamentals/background on $GRC last night. We got carried away and jumped right into the charts. Someone reached out to us on twitter about possibly discussing Gridcoin on our next show, which we'd love- we definitely need more in the way of fundamentals, dev interviews, and the like. Rob and myself are often too buried in code to do real in-depth research on each currency. Stay tuned!

https://bitcointalk.org/index.php?topic=952619.0

WBB!

I liked the technical analysis on Gridcoin, would have been nice of course to do a little more in-depth analysis on what Gridcoin is all about and all that. I guess the next podcast will be more about the juicy details. :)