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Developers are not making any new Gridcoin. The only compensation the developers get is through transactions from the foundation address[1] which only gets and

Developers are not making any new Gridcoin. The only compensation the developers get is through transactions from the foundation address[1] which only gets and has gotten coins from 1) people sending coins to it and 2) the one time transaction for unconverted coins from Gridcoin-Classic in 2014 (which was not a good idea in my view, but it's too late to reverse that). The research does bring value because people can like the idea of receiving something that came from the fruits of scientific work. That has some degree of value to people even if not literal value you can exchange for. Speculative prices exist as with many things, but that is not the main purpose nor should be the main purpose of Gridcoin. I'd agree that no one should be trying to enrich themselves in this because that's not what it's about [1] https://gridcoin.us/wiki/foundation.html https://gridcoin.us/wiki/foundation.html

noxer 6y ago
It doesn't matter if they create new coins, they may use some bags that are already there that changes nothing at all. If it pays a dev it will be sold so the dev was paid by previously printed coins and the circulation supply will be inflated. >The research does bring value because people can like the idea of receiving something that came from the fruits of scientific work. Thats a nice fairy tale but no, the research adds absolutely no value to the token.
- roboticmind 6y ago
  The devs have mostly not sold coins. See for instance one of the core devs, Jim Owens, who still has over a million Gridcoin and continues to run BOINC and earn more from even just that (and has been running BOINC since BOINC started over 18 years ago). > That's a nice fairy tale but no, the research adds absolutely no value to the token. Maybe this doesn't make you value it any more personally, but that doesn't mean others don't. Where things come from make a big difference in value of a thing. A famous artist making a painting and someone less known making the same painting will be valued quite differently by people. As well some people value (not talking about price) PoW cryptos less (or even negatively) because of environmental concerns stemming from where the new coins come from. Even just not having the negatives from concerns of energy going to useless work makes its value different I think this is conversation about value is going to go in circles, so I think we can agree to disagree on this
  - noxer 6y ago
    You just proof my point. the se is a dev with somehow holds a significant amount of the coins. the fact that he has not sold them means nothing maybe he sold some maybe he sold other coins you didnt knew they where his too. maybe hes just one of the gamblers that hope on higer prices. it all doesnt matter. if he got them for any kind of work then the system printed money to pay for the work therefore it runs on inflation therefore he was paid with the value that was or will be removed form everyone else who holds the coin. >I think this is conversation about value is going to go in circles... I dont think so... you bough no argument at all. The fact that some people somehow see vale in the token is at best anecdotal at worst its just proof of stupid people. It doesn't actually proof that it add value. Its like people who say something that is unique and therefore can not be replaced must be valuable in fact its value would need to be infinite. Its a nice mind game but it's wrong. Scarcity/uniqueness does not create value.

noxer 6y ago

It doesn't matter if they create new coins, they may use some bags that are already there that changes nothing at all. If it pays a dev it will be sold so the dev was paid by previously printed coins and the circulation supply will be inflated. >The research does bring value because people can like the idea of receiving something that came from the fruits of scientific work. Thats a nice fairy tale but no, the research adds absolutely no value to the token.

roboticmind 6y ago
The devs have mostly not sold coins. See for instance one of the core devs, Jim Owens, who still has over a million Gridcoin and continues to run BOINC and earn more from even just that (and has been running BOINC since BOINC started over 18 years ago). > That's a nice fairy tale but no, the research adds absolutely no value to the token. Maybe this doesn't make you value it any more personally, but that doesn't mean others don't. Where things come from make a big difference in value of a thing. A famous artist making a painting and someone less known making the same painting will be valued quite differently by people. As well some people value (not talking about price) PoW cryptos less (or even negatively) because of environmental concerns stemming from where the new coins come from. Even just not having the negatives from concerns of energy going to useless work makes its value different I think this is conversation about value is going to go in circles, so I think we can agree to disagree on this
- noxer 6y ago
  You just proof my point. the se is a dev with somehow holds a significant amount of the coins. the fact that he has not sold them means nothing maybe he sold some maybe he sold other coins you didnt knew they where his too. maybe hes just one of the gamblers that hope on higer prices. it all doesnt matter. if he got them for any kind of work then the system printed money to pay for the work therefore it runs on inflation therefore he was paid with the value that was or will be removed form everyone else who holds the coin. >I think this is conversation about value is going to go in circles... I dont think so... you bough no argument at all. The fact that some people somehow see vale in the token is at best anecdotal at worst its just proof of stupid people. It doesn't actually proof that it add value. Its like people who say something that is unique and therefore can not be replaced must be valuable in fact its value would need to be infinite. Its a nice mind game but it's wrong. Scarcity/uniqueness does not create value.