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RE: Thoughts on GRC [001] – Introduction

in #gridcoin7 years ago (edited)

Well articulated, and I will certainly keep an eye out for your future entries.

With respect to some 'traditional' BOINC users not caring for a rewards system - they do not have to actually cash out the GRC they mine. In fact, one could argue a miner could help BOINC by, for example, donating any mined GRC to the faucets to encourage further adoption. Even just increasing competition on the POR side of the coin should drive up the GRC price, and thus result in increased interest in the coin.

Both will increase the volunteer compute available to BOINC projects, which is good for the entire ecosystem and society as a whole.

FYI your last link points to the incorrect article. =)

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Content to pt. (2) is not online yet since I need to go over it a few more times. I expected it to displayed as something like [text] (). Will edit to avoid confusion :)

I agree with you: cashing out is not the only option and re-investing is even better because it has a long-term positive effect ont the BOINC/GRC symbiosis. When looking at user motivation it is far more complex, since it is more of a spectrum than distinct categories.

However, throughout the series I'll probably focus more on non-/semi-altruistic miners because they are more likely to jump ship. The idea of this series is to provide solutions that create long-term incentive for those people in particular.

But even if we won't be very successful with these attempts, it will certainly benefit everyone who decides to stay for whatever reasons. Thus, I'm trying to include ideas that have a long-term positive effect on BOINC/GRC.

If I'm not mistaken you are planning to have your own projects become part of the BOINC/GRC symbiosis. It would be really interesting to hear your opinion on [002] if you have the time for some in-depth discussions during the next few weeks :)

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