If one expects GRC value rising, buying coins is economically more efficient than minting. I wonder if this will ever reverse?
On the other hand, somehow GRC minted with BOINC ... tastes better :)
You are viewing a single comment's thread from:
If one expects GRC value rising, buying coins is economically more efficient than minting. I wonder if this will ever reverse?
On the other hand, somehow GRC minted with BOINC ... tastes better :)
Cryptos are notoriously volatile. Simply buying GRC won't help to keep its price up, as others, especially whales, may very well sell to get some short-run profit. Cryptos, like fiat currency, require real markets to give them value. Bitcoin tried to used in markets, but technical problems have doomed it (processing a transaction in hours will not do.) The first crypto to be competitive with credit card networks will have a huge advantage.
You just planted 0.23 tree(s)!
Thanks to @rufusfirefly
We have planted already 6443.53 trees
out of 1,000,000
Let's save and restore Abongphen Highland Forest
in Cameroonian village Kedjom-Keku!
Plant trees with @treeplanter and get paid for it!
My Steem Power = 18705.68
Thanks a lot!
@martin.mikes coordinator of @kedjom-keku
I think I disagree with this. It is hard for me to imagine that if everyone running BOINC tried to directly buy GRC every month, instead of paying their electricity bill, the price would not go up. No matter how volatile a market, the price is still determined by supply and demand.
The point about a whale selling is interesting, but I don't think it changes the argument. If a whale sells and the price drops, then we simply continue with our monthly purchases until the price is high enough to switch back to crunching BOINC.