Quote from: locogee on May 21, 2014, 09:02:57 PM

Quote from: gen. specific on May 21, 2014, 06:50:18 AM

Quote from: iopq on May 21, 2014, 06:41:25 AM

Quote from: gen. specific on May 21, 2014, 06:34:46 AM

clever

just not clear on why people would hold curecoin

for the previously purely altruistic protein folders, there is only incentive to sell

buying curecoin doesn't support protein folding or scientific research except in a stretch of the imagination that a higher priced curecoin helps donations (more selling)

please explain why this won't be worth 2 satoshis in a month

if it's worth only 2 satoshi nobody would fold because they wouldn't recoup their electricity costs

so yes, people have to buy the coin to support folding

they would have to, but why would they

as with all coins, miners are dumping the coin on exchanges, and now we have new protein folders dumping coins

it is not uncommon to see a coin's price fall out of sync with base costs

so I get the concept behind curecoin, but what supports the price ?

some coins have price support by requiring coins to be held for ongoing perks, essentially removing coins from circulation. other coins have other forms of utility

here we have some kind of merge mining protein folding, a somewhat interesting distribution method for coins between cpu/gpu and sha256 asics, but nothing that makes it seem stable

so now altruism has been further thinned out between protein folding AND supporting the currency (so that others can cash out). When I was reading the OP I was looking for that "AHA!" moment to see how the protein folders contribute to the curecoin price, just like how the curecoin financial incentive contributes to more hash rate for the protein folding... to create a feedback loop. But this doesn't exist.

just off the top of my head, maybe to contribute to protein folding cpu/gpu holders need to own X amount of curecoin. In turn they'll get the folding points or whatever as well as more curecoin. Obviously this idea isn't refined, and flawed because cpu/gpu holders are the least likely to be able to have value to exchange for the coin, compared to the expensive ASIC owners.. but the concept is that the extra perk of the coin requires removing some of the coin from circulation, improving scarcity and price and WORTH.

I guess that in the future projects that need computing power will have to compete (maybe by paying the devs). It's said that other scientific projects can be easily added. Maybe there will be many? Or maybe there will be many curecoins for many projects?

Anyway by selling or purchasing the coin, private firm/labs will be able to control the points their project is receiving. I think it's easier than renting machines or just waiting for altruist minds. For that same purpose, these firms will have the incentive to promote the coin and could propose services paid in curecoin.

It wouldn't be by paying the devs but we could always add more work in the cure. Their could eventually be many for example we could soon make a curecoin boinc team find the difference in how hard the points are to earn and open a boinc team which will tie us to many more projects.

I like the idea of using curecoin to pay for research.

This coins extremely cheap now I think I'll buy a few hundred tomorrow.