Re: [ANN]CureCoin - Earn while you solve cures for Cancer. True 3.0 crypto
What are people's opinions on promoting Curecoin to other folding teams?
There are some huge teams out there with 20,000+ folders and several with 10,000+. Having folders from other teams flood into Curecoin would have a huge impact on it's price as it would become effectively much more scarce (harder to earn due to folding competition). The more people who value Curecoin, the more valuable it becomes. Folders on other folding teams are also by far the 'easiest sell' as they already know what folding is, they know how to to it and clearly believe it's worth doing. So promoting Curecoin to other folding teams is an obvious move to make, at least from a marketing/investor perspective.
However, from a philanthropic perspective, (the 'other side to this coin'
) It's a pointless thing to do because they are already folding for free. It doesn't encourage any more people to start folding, it just makes the price go up.
Then again, if more people value Curecoin, the network effect of Curecoin is strengthened, and will encourage more new comers to start folding in the long run. So if we strengthen Curecoin now by promoting Curecoin to other folding teams, that means the network effect in the future will be much stronger, which is good for Curecoin and good for folding@home. So I'm in favour of it, but if there are objects to this marketing angle, I'd like to hear them.
There are some huge teams out there with 20,000+ folders and several with 10,000+. Having folders from other teams flood into Curecoin would have a huge impact on it's price as it would become effectively much more scarce (harder to earn due to folding competition). The more people who value Curecoin, the more valuable it becomes. Folders on other folding teams are also by far the 'easiest sell' as they already know what folding is, they know how to to it and clearly believe it's worth doing. So promoting Curecoin to other folding teams is an obvious move to make, at least from a marketing/investor perspective.
However, from a philanthropic perspective, (the 'other side to this coin'
) It's a pointless thing to do because they are already folding for free. It doesn't encourage any more people to start folding, it just makes the price go up. Then again, if more people value Curecoin, the network effect of Curecoin is strengthened, and will encourage more new comers to start folding in the long run. So if we strengthen Curecoin now by promoting Curecoin to other folding teams, that means the network effect in the future will be much stronger, which is good for Curecoin and good for folding@home. So I'm in favour of it, but if there are objects to this marketing angle, I'd like to hear them.
IMO we shouldn't contact any other folding teams as it wouldn't benefit the folding goal at al(Like you said)l, it'd just get more people to join our team because they can make some money.
And by the way, the only people that would really profit from this are the early donators, the others would see their profits slink as the donators would start to cash out and thus causing the price to drop back. Considering there's already quite some critisism against the fact that the early donators got 10k cure for 1 BTC I'd say this isn't the best way to promote the coin.
A better idea imo would be the one that I suggested earlier, to contact schools and univesities to use their idle computers for folding. Now this would increase the amount on folding power significantly, the schools could make some kind of ROI on their hardware and the primary source of education (our schools) would become familiar with crypto's.