Most of fedi is anti-cryptocurrency though, however Gridcoin is not evil, so fedizens might tolerate it.
Its a cryptocurrency right? So it has zero utility and exists to move money from people to the founders?
this post was submitted on 04 May 2024
2 points (100.0% liked)
Gridcoin
109 readers
1 users here now
Gridcoin (GRC) is a cryptocurrency that incentivizes participation in the production of science. We reward people for volunteering their computational resources towards open drug discovery, physics, astronomy, math and other community-approved research projects. Help cure diseases, fight cancer, solve mathematical equations and map the galaxy while being rewarded for your contribution. We're building an economy based on science which you can participate in every time you use GRC.
founded 1 year ago
MODERATORS
So it has zero utility
While other cryptocurrencies reward bruteforcing hashes (PoW) or hoarding lots of coins (PoS), this one rewards actually useful computing, which is great.
“We arent like every other cryptocurrency ever”
k
the website literally shows proof of stake on the homepage.
So your very first comment in defence of gridcoin is to just outright lie?
Staking rewards are miniscule compared to volunteer computing rewards, which can be claimed by other means.
But you straight up lied. Standard practice for crypto projects