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RE: Let's Talk Money -- Regarding the Current Developer Poll

in #gridcoin6 years ago

" 1605.5 hrs spent on development "
" $48,165 paid for development "

Assuming $ is USD and being that Gridcoin is currently at an all time low value at this time and that value is fluidly changing minute by minute hour by hour and is not a static figure this number changes too.
It was 20x the current value back before the July 4th 2017 hacking of the Gridcoin Network " https://github.com/RUB-NDS/Gridcoin-Attacks " where 25k GRC was worth around $5000 USD and is currently valued around $900 instead right now.
So if we based it off the value at the time of this post it would be a little higher than right now but that would also mean more like $480,000 ( almost half a million dollars ) at its 2017 peek in June/July vs $48k today and if you re-write this post at a another date the value would be different again since its value is fluid.
This is complete bullshit and we should have a flawless client by now with the time and money invested into it and it should be the #1 crypto coin out there to work for and there should be way more people into Gridcoin and more Boinc users leaving their teams to join us and Gridcoin should be the #1 crypto coin out there in both value and the clients look visually and features along with everything within the client and network working flawlessly including for example the upgrade client from within it and no voting system issues like barton26 discovered with " : " as an option for vote selections along with no superblocks ever randomly missing projects , no more forks and never again a blackswan.
At 1605.5 hours spent on coding in the past 5 months since Rob's code and the community code trees merged that is like being a service tech and working on an older slow machine and charging someone for the 3-4 idle hours of just watching the computer screen doing everything from formatting the hard drive ( slow not quick format and lets check for bad blocks too so it will take even longer and we can bill more time ) and laying down the OS's files and the hour or two you walk away and go cook and eat dinner , have a beer and maybe even take a nap while the computer does all the work for you copying files from dvd and writing to the hard drive unattended and then the 1-2 hours of downloading and Windows downloading on your slow Internet and installing all of the updates for you along with the minute it takes to goto Nvidia or AMD/ATI to download the official driver vs using WDM from Microsoft. Then billing the customer at $80hr for 6 hours when you spent a total of 20 minutes at the keyboard and actually worked. So it seems there is a minimum 1hr charge no matter if it took you 1 minute. Hell being a Gridcoin dev is one of the best jobs payment wise in the world.

In Arizona you can buy a decent 3 bedroom 2 bath 2 car garage rambler house on a decent sized plot of land in a good city and neighborhood for that price ( $35k even ). Or you could buy 2 decent 2018 model car's or 1 really nice one cash money and not finance it.

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If you are to twist the numbers it's the other way around. $48000 at peak is worth $4800 now which is pretty cheap for 1600 hours of development time. Except, that's not the way it works. There has been $48000 worth of GRC payments throughout the months. Whatever those GRCs are worth now or in 10 years is irrelevant. You don't get payment adjustments on your salary just because you purchased stocks for your income, do you?

Would you be more comfortable if Rob traded GRC->USD? So we could re-purchase to GRC?

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