Hahaha, nice reply ;) I've never really looked into Gridcoin all that much, if it's so far ahead of Golem what are the reasons for the project being valued at so much less?
You are viewing a single comment's thread from:
Hahaha, nice reply ;) I've never really looked into Gridcoin all that much, if it's so far ahead of Golem what are the reasons for the project being valued at so much less?
Golem has a fat money bag 🎒 for advertising a product that still doesn't exist other than on paper and in small scale tests. Gridcoin was never premined and doesn't have any given money for ads or developers. It has a foundation fund, but it's not marked for anything in specific and was supposed to be spent on competition rewards etc.
Gridcoin has no paid developer and is fully community based.
That's a cool approach to it. Surely though, and I'm just playing devil's advocate here really, no paid developers is a huge negative. I get that just because somebody is paid full-time doesn't mean they're the best but how can you guarantee the quality, consistency and reliability of the code?
What's the roadmap for Q3 & Q4 of 2017 look like? I hold some Golem but they've failed to release Brass by the time they said they would (despite already pushing it back once!). Obviously, I'd rather have a working product late than a buggy, failing one early but I still wouldn't mind moving some Golem into something else as a result!
I don't have the roadmap details where I can easily get to them, but check on coingecko and sort on the developer column, Gridcoin is at number 14; not bad for a coin that has been around for such a long time.
Gridcoin has a passionate following, people do it because you might help find a cure childhood cancer, AIDS or Ebola, or detect an asteroid that will collide with earth, or discover the next Higgs Boson. The Devs care just as much :)
That's a fair point! I guess to some an almost philanthropic driver is going to be more powerful than a monetary driver :)
Yup, and we don't all bail if the price takes a wobble
Best part!
Well, Gridcoin came along before ICOs made it very easy to reach a huge audience, for me though that means the coin has been distributed more fairly and there isn't the centralization you see on Golem.
The other side of it is Gridcoin was created to use BOINC as the processing base and that really is a grass roots, open source, volunteer focussed platform. I do see now that the Gridcoin community is getting much better at publicity, there is a real focus on this now and the website was just upgraded for example.
Of course the flip side is that Golem is, I'm sorry to say, way overpriced. There is a fundamental problem in having companies use anon compute resources; companies don't want to, and in many jurisdictions there are going to be significant legal risks in making contracts with parties who are unknown. So I think there is a lot of hype of Golem as a technological platform, with little acknowledgement of the realistic business barriers that it is facing.
TBH I'm not up with Golem roadmap, so they could be working on it for all I know. I found some of the community over there to be aggressive towards anyone who asked questions.
Edited some of
meep
You have a good point about the legality. The same can be said for Sia, I saw a post on Reddit that was basically 'if I share my spare computer space with someone holding illegal pornography the FBI won't care whether it's mine or not, by the letter of the law I'm guilty too'. Needless to say it got downvoted to oblivion :/
A lot of the projects are really cool ideas, but a lot of the communities, and maybe the developers too, are blind to the obvious legal concerns. I think it potentially stems from the type of people who buy into these projects. This is going to be a very controversial point, and I'm largely generalising, but I have tried to start up a few projects with very techie, computer-minded developer people; they were brilliant at the tech side, but had no appreciation of what it takes to make a successful business. I fear a lot of the current ICO type projects fall into similar categories.
Obviously, I'm generalising there and I'm sure not all developers are like that, but I recently got into LBRY and one thing that makes me very bullish is they seem to have this business sense. They literally have a CEO and CTO. It may not mean much, but as someone who knows business more than anything I find it rather comforting.
https://steemit.com/lbry/@jhcooper7/cryptfolio-lbry-is-a-great-investment-detailed-analysis-and-how-to-get-some-for-free-what
You've got me very intrigued about Gridcoin!
Cool, what we really want to do is inspire people to turn on their computer, download BOINC, find some project that they care about and start helping humanity by processing science.
Of course price support is valuable too, and if people want to throw up commercial projects then that's feasible and the Gridcoin team I believe would support it as long as its not ethically dubious; to be rewarded a project must be voted onto the whitelist, that vote occurs on the Gridcoin block-chain for full transparency.
I agree Sia has some problems there too, the only project using contracts that I have seen addressing the problems of regulatory compliance is Dharma.
The nice thing about Gridcoin is that Gridcoin itself rewards the people doing the work, no contract exists between the work requestor and the person processing it; so I think we don't have that legal issue.
Unfortunately I'm on the move all the time so my main computer is a chromebook, I don't have the power or capacity to process much outside of browsing!