You are viewing a single comment's thread from:

RE: BOINC G – Custom BOINC Distribution Proposal

in #gridcoin7 years ago

I dont really agree with the idea because i think its just not viable.

But keep in mind you arent generating free money if you increase generation by 10% and pump that money to the foundation. In fact, you are doing the same thing for which people prefer crypto to FIAT. Devaluating its value for benefit. Only that now is mainly private instead of public.

Sort:  

Hmm, there are Linux. Mozilla, Apache foundations... open source projects need need them it seems... Pumping money... just think about it as securing the blockchain through legal, marketing activities etc... Economics it a bit too complicated to discuss here in depth.

Ok, lets say you are the usa. you have 100 tokens that count as money. You give everyone those tokens. then you make 10 for yourself. By doing these 10 tokens you have decreased the value a 10%. If the fundation asked for money it would be a much different issue.

Not really, first instead of giving 100 to all, we give 90 and 10 leave for the foundation.
Second - whether new created number of gridcoins is N or M per year is so far a totally arbitrary choice. Third - look at Stellar, they are giving lumens left and right and MC is $2.5B. Number of tokens is just one of many variables.

If the fundation asked for money it would be a much different issue.

I thought foundation is a part of the project / community. Is it an independent entity?

Fortht - if usa from your example would invest those 10 tokens in bridges, universities and railways, value of all tokens could double.

Coin Marketplace

STEEM 0.18
TRX 0.14
JST 0.029
BTC 57440.82
ETH 3108.89
USDT 1.00
SBD 2.42