Post
Topic
Board Announcements (Altcoins)
Re: Gridcoin (GRC) - first coin utilizing BOINC - Official Thread
by
Gridcoin
on 19/02/2014, 13:46:55 UTC
I have a question.
Lets say GRC takes off to 10+$ .
What is stopping somebody from ,lets say malariacontrol institute to manipulate the credits for someone to
easily mine GRC?
Dont they have a power to just easily print money that way?
Good concern but it's solved through a couple of mechanisms-
1) Our leaderboard factor dynamically changes when someone starts racking up huge amounts of credits on one project. 
A good example of this is when a project releases a Radeon boinc project; such as primegrid and milkyway.  Factor goes down, making it harder to earn grc.
2) The users will compete for the grc if they discover an easy project.
3) The new system coming out will make the 3rd party credit checking more robust (its working good already, but the new system is more efficient).