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RE: We should think back to where we came from

in #gridcoin7 years ago

We should aim to recruit loyal BOINC users and help them to pay for their electricity bill.

How do you plan to help them pay electricity bills? Where the value of GRC is derived from? Answers to these questions is what is lacking for me in your post.

I agree that we should not forget what the priorities are, not agree to short-sighted proposals aiming to pump value short term.

I was wandering about gridcoin nature and value in my first post on steemit. Value of many crypto coins / assets is a pure speculation. It is possible that current, not that huge GRC value, is mostly speculative. As crypto sphere is maturing, bubbles will rise and break as it was with internet ventures a few years ago. Is gridcoin value sustainable? Is it just another boinc credit / badge, only transferable?

Boinc credits do not help paying bills. For gridcoin to be able to, it has to draw it's value from somewhere. Allowing commercial projects seems like one of possibilities - while it would bring opportunities and intrinsic value, it would also bring pressure on development and community.

Well, many questions, few answers we have ;)

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You're right with your statement that my post does not provide an answer to the question where does the value of Gridcoin come from.
In my opinion a very good thing would be Gridcoin intern platform like ebay that allows users to trade things for Gridcoin.
In my opinion fiat has only value because it is accepted everywhere and you can pay with it. But I'm not an economist ;)

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