RE: HUMP DAY POLL: MOST UNDERVALUED CRYPTO (4.26.2017)

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HUMP DAY POLL: MOST UNDERVALUED CRYPTO (4.26.2017)

in cryptocurrency •  8 years ago 

What Golem/iEX/SONM do better than Gridcoin is focusing on establishing a direct 'crypto:computation' market. Anybody can potentially come forwards with token and direct computation power to a compatible task they desire completed where as with Gridcoin rewards are distributed to the volunteers of a BOINC project without the project administrators having to pay.

A 'GRC:Computation' market could potentially be built into a Gridcoin pool (open-source kit WIP), or perhaps directly into the Gridcoin reward mechanism through a proof-of-burn system (directing more rewards to project A over project B proportional to GRC burnt against project burn addresses) or directly within a commercial BOINC project.

It's a reality that GRC has distributed its tokens against verified BOINC computation without a premine/instantmine nor ICO, where as iEX/SONM/Golem all performed ICOs upon the ETH platform. By raising millions through an ICO you have that large initial marketcap & you have a lot of money to hire marketing experts; raising a large amount of money through an ICO isn't a sign of a successful project though (note that none have any deliverable in production yet? It's all speculative).

There's no proven compute capacity behind iEX/SONM/Golem as all asset holders are investors, where as GRC was distributed to individuals with proven computing power.

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Thank you for this insight! I suspected there must be something to it and all of this certainly seems like a plausible explanantion. It also makes the coin more attractive as an investment opportunity now that I understand better how it's system works. Seems like this could be a solid long-term play since the tech is up and running. Just wait for the competition to make the sector famous. Thanks again for the information!

You're welcome, if you have any other questions don't hesitate to ask.