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RE: Don't Give in to BTC FOMO - Why I am Buying GRC Instead!

in #gridcoin7 years ago (edited)

I am very aware. I discuss an alternative to that idea with @nightshift1134 in his post, A New Project Called Rain and explain some terms that will be used for further discussion in my post The Value of Gridcoin - A Continuation and Response - An Alternative Rain Proposal

Gridcoin as its ticker represents a length of time spent volunteering processing power on the platform BOINC. If we begin to see GRC as something you buy to fund projects that need to be computed we have turned into GOLEM, iEx, or SONM, and at that point we put ourselves at a huge disadvantage.

I think we could incorporate a rain aspect more into GRC, but BOINC will not like it as it will completely destroy the gamified volunteer computing economy they have built over the past few decades. If we do this, we would need intense regulation. What is to stop another BTC Utopia type effect from happening?

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