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     7 years ago (edited)

    This is indeed a very good question, what is our USP?

    If I look at some of the other coins I see statements like:

    • Bitcoin is an innovative payment network and a new kind of money.
    • Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
    • IOTA enables companies to explore new business-2-business models by making every technological resource a potential service to be traded on an open market in real time, with no fees.
    • Ripple - The world’s only enterprise blockchain solution for global payments
    • Dash is Digital Cash You Can Spend Anywhere
    • Monero is a secure, private, and untraceable cryptocurrency. It is open-source and accessible to all. With Monero, you are your own bank.
    • NEM is the smart asset blockchain built for performance

    Now if I compare the above with Gridcoin:

    • Gridcoin is an open source cryptocurrency (Ticker: GRC) which securely rewards volunteer computing performed upon the BOINC platform in a decentralized manner on top of proof of stake.
    • If you require a serious amount of distributed computing power for "FREE", you can easily create a BOINC project and the Gridcoin network can potentially reward your active userbase to help offset their electricity bills and improve userbase retention.

    None of the other coins talk about the mining aspect, it can't be the goal of the coin from a value proposition perspective, it is 'just' a means to sustain the network security like the sha256 calculations in Bitcoin unless you specifically sell the capabilities like for example Golem.

    So what is Gridcoin really offering coin buyers? What makes it attractive for people to buy this coin and not another coin? I believe this information should be on the Gridcoin.us website to attrack buyers.

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     7 years ago 

    This is essentially what I was getting at.

    Currently there is no reason to use Gridcoin over the other coins for people who don't BOINC and Boincers will just want to sell. I believe we need to create demand for the coin to get people to have a need and want to use it.

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       7 years ago 

      Gridcoin has some technical advantages over Bitcoin. Namely cost and speed of transactions. Lots of other cryptocurrencies have similar advantages though. Why use Bitcoin over Gridcoin except that at the moment it's easier to spend it (more vendors accept it)?

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