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I can't say why it hasn't caught on yet, but in my opinion, it is fragile, at least when compared to other coins. Here the reward one gets purely depends on th

by ktta 9y ago

I can't say why it hasn't caught on yet, but in my opinion, it is fragile, at least when compared to other coins. Here the reward one gets purely depends on the score they get on specific BOINC projects, which can be seen as a single point of failure. So if someone is able to fudge their BOINC scores, they're able to create Gridcoins that they shouldn't get. While other coins aren't as resourceful as this, I feel their network's security is backed by (atleast seemingly) air-tight cryptography. Not to say that Gridcoin is insecure currently, but the centralization with BOINC shows it doesn't have a bright future.

KVFinn 9y ago
>Here the reward one gets purely depends on the score they get on specific BOINC projects, which can be seen as a single point of failure. So if someone is able to fudge their BOINC scores, they're able to create Gridcoins that they shouldn't get. Yeah. I'm rooting for them to figure this out because it would be wonderful if all those GPUs could be doing science rather than arbitrary calculations, but if this coin ever went big, I can't see how it would deal with exploits like this.