A volunteer is ready to run a social media profile for Gridcoin on Mastodon, requests advice from the community.

  • @breadsmasher
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    12 months ago

    Why does a successful decade old project, which like you say has great scientific results, need a cryptocurrency slapped on the side? What problem does that even solve?

    except moving real money from A to to B in exchange for monopoly money?

    • CyberTailorOP
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      22 months ago

      What problem does that even solve?

      A little cashback for energy bills.

      • @breadsmasher
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        12 months ago

        In the form of “grid tokens”? Which I can then exchange for money.

        Not exactly cashback.

        • @[email protected]
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          fedilink
          12 months ago

          What makes it cashback for you? If it comes in the form of dollar banknotes or what? Why does the currency matter as long as you can exchange it? I honestly think youre more into staying your ground than to discuss anything (dont want to sound too offensive and i would love learn new things about pros/cons of decentralized currency/fiat, i didnt form any opinion about that and dont understand too much about that to be fair)

    • @[email protected]
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      12 months ago

      I didt say it solved anything, i just said, what the difference to other crypro projects is… I contributed to boinc projects long time before gridcoin existed but i do like the project, the share of workunits contributed by the gridcoin community far from negligible. I mined a few coins by contributing to boinc without paying anything but the electricity i had to pay if it was not from my solar panels… I later bought a few coins to support miners and thats it. The price is relatively stable over the years, so i dont see any rising profit for the founders, and if it was so, it happened a few years ago. The problem you describe, that early adopters (or early owners) profit when demand is growing or supply is low is immanent in most sytems, not only crypto. Good example is stock companies, but its usually the same in ervery capitalistic subsystem.