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RE: Regarding the New Technology Rebase Poll and GRC 4.0-2018 Roadmap Proposals

in #gridcoin7 years ago

I've posted my concerns in the thread, particularly in relationship to some of the mental math being done. I need a fuller understanding of how this benefits BOINCers, but I'm concerned to say the least.


1 hour ago, Rob Halförd - (Gridcoin) said:
Well, the investor who wants to be a pure investor would lease a neural node. They would spend $2000 on GRC, lease a neural node from VULTR, set up the software, and then receive about $100 a month in ROI (totally a guess, just for an example here) and leave the $2000 of GRC locked up. So the terminology might change but correct there would be no investor CPID, no proof-of-stake, no interest, etc.


Based on the numbers I've seen, I would also agree with your assessment that there are over 2000 GRCers. But I find the above numbers out of left field.

  1. If our concern is about user base, then when the hell are we getting rid of the team requirement. Let's do that before we do this complicated re-engineering. Or at least let's allow another team or two to work with GRC so we can see the scalability issues.

  2. I agree with others, sure we may have a lot of users but we don't have a lot of coins available. You, the foundation, and several others hold 50%+ of the coins and you're not going to magically start selling them, so how are these magical investors supposed to come in that would ensure we don't become more consolidated and exclude little guys that this network was intended to serve (i.e. the BOINCers)?

  3. I find your use of $2000 - for instance - quite ludicrous and fanciful to legitimize your argument. 400,000 coins at 4 cents is $16,000. I don't know how many people are going to allow that amount of money to be held in escrow. And, if traditional economics holds, the price will increase as more coins are locked in escrow. So again, what happens to the little guys? It's not entirely cleanr to me how this plan benefits BOINCers rather than big fish.

But, of course, since the polling in the wallet is being done by the number of coins owned rather than by user count, I guess it doesn't matter what us little guys thinks. I'm a fairly large fish here compared to many other BOINCers that join our IRC channel at a holding of 70-80K GRCs, but I definitely don't understand this propose and how a BOINCer benefits.

  1. I question why this proposal was completely left out of the road map options that were presented on STEEM-IT? I was so proud of our developer community for coming together to present a cohesive view of what they wanted to accomplish...and, then this thing just torpedoes that cohesiveness...
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As I understand it, it does not benefit BOINC or BOINCers. It appears to be a detriment, but let's see.