Originally Posted by Krusher33
Yeah I'm one of the first 20 people to post in their original ANN I believe. I was skeptic then, and I'm still skeptical now.
No I don't think they're getting financial incentives from a 3rd party for the folding efforts. Personally I feel like they're just taking advantage of [email protected]
to generate the hype. They're just going to sell their coins and the bigger the hype, the more BTC's they'll get from it.
I feel like they're just learning from the experience of Primecoin. It was so hyped up that it slowly fell unlike the other coins that falls in value quickly when created. But in the end all they did was make a mine-able coin and not go anywhere with it. They didn't go mainstream with it or anything. It's just mine and dump, mine and dump.
I feel like that's all curecoin is going to be. Just like all these other coins out there. They're not going do anything with it except just be listed on an exchange for selling. People are going to buy it and fold for it just for the hype of it. But what can they do but sell it? Nothing. It's just another coin that the creators created so that they can make money off the hype for a longer period of time than just creating yet another animal or joke coin that everyone else is doing.
Nobody is making new coins so that it becomes an actual currency. They're just all making coins to get some easy BTC's.
I agree with you that exploiting [email protected]
as a clever way to get BTC was one of my original fears. However, I've done my due diligence. The concept and coin have a long history, as can be seen here
. The same devs are still with the coin. IMO, I feel that it is absolutely *not* a BTC grab. The Primecoin example seems like a logical analogy, but I think one has to realize that programs like [email protected]
/BOINC are orders of magnitude more important than exotic prime number discovery (no offense math geekers). In my view, even *if*, in the very unlikely event, that CureCoin is only just a means to the greedy goals of the devs, is it not better than just "wasting" compute cycles to endlessly hash a blockchain? Even with only ~400 active folders pointed at the CureCoin pool, the CureCoin team has submitted
more points to [email protected]
in the past 24 hours than the next 5 teams, combined
. That is useful, scientific output that more than likely wasn't being generated only a week ago. CureCoin brings people into the [email protected]
community that previously were not there, and makes real, tangible use of their (probably) recently purchased compute power. To me, it is a very tough sell to say that these developments are a bad thing.