Gridcoin

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Gridcoin (GRC) is a cryptocurrency that incentivizes participation in the production of science. We reward people for volunteering their computational resources towards open drug discovery, physics, astronomy, math and other community-approved research projects. Help cure diseases, fight cancer, solve mathematical equations and map the galaxy while being rewarded for your contribution. We're building an economy based on science which you can participate in every time you use GRC.

founded 2 years ago

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Discussing possibility of Gridcoin presence on the microblogging side of Fediverse (github.com)

submitted 7 months ago by CyberTailor to c/[email protected]

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A volunteer is ready to run a social media profile for Gridcoin on Mastodon, requests advice from the community.

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[–] [email protected] 1 points 7 months ago

I didt say it solved anything, i just said, what the difference to other crypro projects is... I contributed to boinc projects long time before gridcoin existed but i do like the project, the share of workunits contributed by the gridcoin community far from negligible. I mined a few coins by contributing to boinc without paying anything but the electricity i had to pay if it was not from my solar panels... I later bought a few coins to support miners and thats it. The price is relatively stable over the years, so i dont see any rising profit for the founders, and if it was so, it happened a few years ago. The problem you describe, that early adopters (or early owners) profit when demand is growing or supply is low is immanent in most sytems, not only crypto. Good example is stock companies, but its usually the same in ervery capitalistic subsystem.