![GridcoinFireside.png](https://cdn.steemitimages.com/DQmewuhPXKpCBRPqqzBc8b5kTNVZUdWETXxKJ7hVLCDSdqB/GridcoinFireside.png)

<center><h1>The Gridcoin Fireside #17</h1></center>
<center><h2>Building a Treasury</h2></center>

<center><h5>Support this podcast by donating or side-staking GRC to 
*Rx93giSUPF41y9YybSy95H59btCNVq8sVo*</h5></center>

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The Gridcoin Fireside is a participatory podcast brought to you by the Gridcoin community. It is intended to introduce and explore DLT, cryptocurrency, and crypto-economics from a science oriented perspective.

The audience is welcome to participate through voice-comms or via the discord text chat.

Join us every Thursday at 8:00pm EDT on the Gridcoin [discord](https://discord.gg/jf9XX4a) server.

<center><h5>Listen</h5>[![](https://steemitimages.com/150x300/https://cdn.steemitimages.com/DQmU7TaUkWnEaDG7S9iK4BsXDYV54yPx8G5jYL6p9pC52go/image.png)](https://dcuni.podbean.com) [![spotify-podcast-badge-blk-grn-330x80.png](https://steemitimages.com/150x300/https://cdn.steemitimages.com/DQmaf3FftWv2gjmtMFTYmc5BSBjEDHYMzmeHPzmkuu2EEsJ/spotify-podcast-badge-blk-grn-330x80.png)](https://open.spotify.com/show/0xN2p8OFhafrDPWEwFB9hV) [![Badge.png](https://steemitimages.com/150x300/https://cdn.steemitimages.com/DQmQgXJf6hFEr7WsN8QsXtdrFjbrLS9kyPnNvce8aVdgGiK/Badge.png)](https://podcasts.apple.com/us/podcast/dis-computing-uni/id1473011028&ls=1)
**On LBRY**

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[LBRY App](https://open.lbry.com/@GridcoinNetwork#2)

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<h5>Join</h5>[![](https://steemitimages.com/50x50/https://cdn.steemitimages.com/DQmeHoBtr3XeZFohDeh6n8XzKYmxejE7DoHWNYCm8qRaBNn/image.png)](https://discord.gg/jf9XX4a)</center>

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![](https://cdn.steemitimages.com/DQmUqRcA5mNes35BUb1Ca62MTpwqaUqB3b25YEQpzHS4b44/image.png)

<center><h1>Recorded on August 15th</h1></center>

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<h2>Building a Treasury</h2>

In this episode we explore treasury systems in cryptocurrency networks.

We discuss several ways they might function and their benefits.

The discussion ends with some very welcome comments from a new voice.

[Gridcoin treasury post from January 2018](https://github.com/gridcoin-community/Gridcoin-Tasks/issues/202)

|Time|Subject|
|---|---|
|2:15|News<br>New White Paper Approved<br>[2019 BOINC Workshop Reimbursement Validated](https://www.reddit.com/r/gridcoin/comments/cg714r/boinc_workshop_reimbursement_outreach_poll/)<br>[Gridcoin.world proposal](https://steemit.com/gridcoin/@jringo/gridcoin-world-proposal)<br>[TXBit Vote](https://txbit.io/Voting)|
|15:30|Treasuries in Cryptocurrency Networks|
|27:30|Opening Discussion|
|31:00|How is a treasury different from the foundation?|
|32:00|A type of treasury system|
|36:00|Verified Side-Staking Addresses|
|38:30|Would funds raised through a treasury system be required to be spent on Gridcoin development?|
|41:00|Building verified side-staking entities|
|46:45|Examples of other treasury systems|
|48:15|"Some comments from a noobie"|
|1:20:10|Closing Comments|

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<h2>![Project Brief.png](https://cdn.steemitimages.com/DQmauJCMhs7occ39zwRkYoy3LeFU1d1r4EStVSV88eBKTYv/Project%20Brief.png)Project brief</h2>

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Join us on August 29th for a Project brief on World Community Grid!

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<h1>What is Gridcoin?</h1>

Gridcoin is a multi-incentive permissionless blockchain initiated in 2013. It mints and distributes cryptocurrency in relation to the processing power a network participant directs toward data-driven analysis and scientific discovery, as well as through a proof-of-stake reward mechanism. The Gridcoin blockchain monitors processing contributions to the Berkeley Open Infrastructure for Networked Computing (BOINC). BOINC hosts major institutional computing projects such as IBM’s World Community Grid, SETI, and CERN, alongside projects developed by students, enthusiasts, mathematicians, researchers, and citizen scientists. Access to Gridcoin's computation resources is free, while computation contributors are incentivized with cryptocurrency minted by the Gridcoin protocol.

<h1>Want to Learn More?</h1>

Website: https://gridcoin.us
Discord: https://discord.gg/jf9XX4a
Steemit: https://steemit.com/created/gridcoin
White Paper: https://gridcoin.us/assets/img/whitepaper.pdf

-- Github --

Codebase: https://github.com/gridcoin-community/Gridcoin-Research
Community: https://github.com/gridcoin-community