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I'll admit it's not great right now, but I don't know if I understand what you view as a use case? If using it to get things of value with it is not a use case,

I'll admit it's not great right now, but I don't know if I understand what you view as a use case? If using it to get things of value with it is not a use case, then what coin or currency has any use case? Everything is a transfer of value even beyond just currencies be it paid in time or other things > Reward paid in, let me guess, more coins. self fueling like most other coins. Thats not a real usecase It's also worth noting that you don't have to go through it if you use a pool, and there's work on making it not require pools if you don't want to start out with any Gridcoin. If you look up Gridcoin and "Manual rewards claim" you'll find some of the discussion about it. > so it has religion-like properties, awesome /s not a use case I was thinking more in terms of some of the reasons why Gridcoin's developers have Gridcoin - not necessarily advocating for others to do the same. I should have clarified that I didn't think this was a use case I should also mention that having Gridcoin helps you in polls. Gridcoin has a system of polls and the polls are weighted by how much work you do in BOINC and how many coins you have. Note that it's your amount of those before a poll so you can't try to gain more influence after learning of a poll. It of course has its own issues and discussions about how or if votes should be weighted

noxer 6y ago
Maybe I should have said a "unique use case" and also one that out-competes other similar systems. Buying stuff with the coin may be an use case but this coin is in no way better than the thousands others for doing just that. Its very much end of the line for acceptance and thus this use case is not really valid.
- roboticmind 6y ago
  Ah that makes more sense I see using it a currency backed by scientific work is already something that makes using it unique and can make people interested in accepting it and use it. I see that you don't view it the same way, but that's okay too As well, here's one thing that may or may not usecase per se, but it is something a that's different from most cryptos in use of the coin itself. It's nice feature that only a one or maybe a handful other coins [1] called sidestaking. With it you can send any % of your staking rewards to other addresses in the coinbase transaction. So you could for instance use it to donate to BOINC projects that accept Gridcoin every time you stake (and people already do that). Or you could send it to a friend when you stake or anyone really. You can send to multiple addresses every time you stake with different % for each (up to 6 before it has to cycle through them on each stake) to. On the flip side, accepting Gridcoin means you can also accept sidestakes (at least for things like donations) [1] Pinkcoin is the only other one I know of and could find (https://www.youtube.com/watch?v=HTuM69Lgd5o https://www.youtube.com/watch?v=HTuM69Lgd5o). Looking it up just brings me mostly to Gridcoin stuff
  - noxer 6y ago
    >backed by scientific work Sorry to rain on your parade but this is utter nonsense. Its not backed by anything. Words have meanings and you cant just use an existing word to describe some different imaginary concept. There is no such thing as baking "money" with past work. The benefit of past work is already "used", it can not somehow hold value for the rest of time. If you calculate the larges know prime number that number does in no way have or hold the value of work you put in to get it. the number is in fact worthless once it is known. >sidestakes I'm impressed what kind of nonsense people come up with and can somehow present as something valuable. Sounds like the self fueling money printer system named gridcoin has a builtin function to donate fractions of the printed money to different addresses. literally donation by inflation - should be called stimulus lol.
    - roboticmind 6y ago
      Maybe backed was a bad word to use. I more just meant that it's creation is linked with scientific work having been done. That it has a value linked to helping science - not a direct one to one thing you can exchange for helping science. More so that accepting it means that you know that part of it came from helping science > If you calculate the larges know prime number that number does in no way have or hold the value of work you put in to get it. the number is in fact worthless once it is known. None of the projects on Gridcoin are currently for finding Prime numbers. There was one in the past, but it was removed from the whitelist per the admin's request. I also disagree with the notion prime numbers they are worthless once they are known, but I'm not going to go into that because it's not relevant here With Gridcoin the work is meaningful after it has been done. Take for instance the biomedical research done by a bunch of projects. The proteins and the drugs they help lead to have massive impacts to a lot of people. Now it isn't something you can exchange back and forth through time obviously, but its result is something you can still see is meaningful > literally donation by inflation I didn't say it wasn't from inflation, but it's opposed to many making no donations at all and there still being the same amount of inflation. It's used a lot because it's convenient to setup and it doesn't result in any extra transaction fees or the like. The alternative in other coins is that people just don't end up sending anything more and just take all of the newly minted coins > should be called stimulus lol :/ not going to go into this I think continuing this conversation is not going to really result in much. I'm not sure what exactly you are looking for that you see in other cryptocurrencies. I think this is going keep going in circles.

noxer 6y ago

Maybe I should have said a "unique use case" and also one that out-competes other similar systems. Buying stuff with the coin may be an use case but this coin is in no way better than the thousands others for doing just that. Its very much end of the line for acceptance and thus this use case is not really valid.

roboticmind 6y ago
Ah that makes more sense I see using it a currency backed by scientific work is already something that makes using it unique and can make people interested in accepting it and use it. I see that you don't view it the same way, but that's okay too As well, here's one thing that may or may not usecase per se, but it is something a that's different from most cryptos in use of the coin itself. It's nice feature that only a one or maybe a handful other coins [1] called sidestaking. With it you can send any % of your staking rewards to other addresses in the coinbase transaction. So you could for instance use it to donate to BOINC projects that accept Gridcoin every time you stake (and people already do that). Or you could send it to a friend when you stake or anyone really. You can send to multiple addresses every time you stake with different % for each (up to 6 before it has to cycle through them on each stake) to. On the flip side, accepting Gridcoin means you can also accept sidestakes (at least for things like donations) [1] Pinkcoin is the only other one I know of and could find (https://www.youtube.com/watch?v=HTuM69Lgd5o https://www.youtube.com/watch?v=HTuM69Lgd5o). Looking it up just brings me mostly to Gridcoin stuff
- noxer 6y ago
  >backed by scientific work Sorry to rain on your parade but this is utter nonsense. Its not backed by anything. Words have meanings and you cant just use an existing word to describe some different imaginary concept. There is no such thing as baking "money" with past work. The benefit of past work is already "used", it can not somehow hold value for the rest of time. If you calculate the larges know prime number that number does in no way have or hold the value of work you put in to get it. the number is in fact worthless once it is known. >sidestakes I'm impressed what kind of nonsense people come up with and can somehow present as something valuable. Sounds like the self fueling money printer system named gridcoin has a builtin function to donate fractions of the printed money to different addresses. literally donation by inflation - should be called stimulus lol.
  - roboticmind 6y ago
    Maybe backed was a bad word to use. I more just meant that it's creation is linked with scientific work having been done. That it has a value linked to helping science - not a direct one to one thing you can exchange for helping science. More so that accepting it means that you know that part of it came from helping science > If you calculate the larges know prime number that number does in no way have or hold the value of work you put in to get it. the number is in fact worthless once it is known. None of the projects on Gridcoin are currently for finding Prime numbers. There was one in the past, but it was removed from the whitelist per the admin's request. I also disagree with the notion prime numbers they are worthless once they are known, but I'm not going to go into that because it's not relevant here With Gridcoin the work is meaningful after it has been done. Take for instance the biomedical research done by a bunch of projects. The proteins and the drugs they help lead to have massive impacts to a lot of people. Now it isn't something you can exchange back and forth through time obviously, but its result is something you can still see is meaningful > literally donation by inflation I didn't say it wasn't from inflation, but it's opposed to many making no donations at all and there still being the same amount of inflation. It's used a lot because it's convenient to setup and it doesn't result in any extra transaction fees or the like. The alternative in other coins is that people just don't end up sending anything more and just take all of the newly minted coins > should be called stimulus lol :/ not going to go into this I think continuing this conversation is not going to really result in much. I'm not sure what exactly you are looking for that you see in other cryptocurrencies. I think this is going keep going in circles.