Post
Topic
Board Announcements (Altcoins)
Re: [ANN]CureCoin - Earn while you solve cures for Cancer. True 3.0 crypto
by
gen. specific
on 21/05/2014, 07:02:48 UTC
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

In all honesty some of us will probably fold no matter what the value of the coin.  I'm not particularly concerned about whether I recover the cost of my hardware or my electricity.  Crypto was a gamble for me and I simply despise mining due to the wasted resources so if I make money great!  If I don't, I can live with it.  At least the work done to earn the coins meant something.

Edit:  Regarding the original question of explain why this won't be worth 2 satoshis in a month.  Nobody can say what the value of any coin will be in a month.  There are a lot of people that will argue otherwise but it is simply an opinion.

fair points but the proper incentive will improve the hash rates for protein folding.

I am here to entertain a cognitive discussion on how to improve incentive, not an abstract "free market, altruism" cop out

CureCoin is a POW / POS hybrid so theoretically the POS component should help the value because people will want to hold the coin in order for minting to work.  The counter argument could be that holding a coin also destroys it because if there is no circulation nobody will want to use it for anything assuming there is something to use it for in the first place.
 


Well, as far as I'm aware there are no uses anyways. There needs to be businesses that revolve around CureCoin. Something unique that this coin brings and makes people buy into it as a result. Protein folding is awesome, sure, but it's not going to get people to buy the coin.

my first thought was the organizations that benefit from protein folding

begin transacting in curecoin

get grants paid in curecoin


this indirectly moves a lot of capital into the curecoin network