There has been much talk and buzz in the Gridcoin Research community regarding the limitations of having to be signed up to a team, or not.
Here we will look a little more into detail on what this is all about and what it means for the future of Gridcoin. There are many very interesting possibilities for the future for this great coin.
Browse the Gridcoin SubSteemit for more great content.
But let me give You my view on the future of this great coin
What is "Team Requirement", Isn't Gridcoin a Cryptocurrency?
Yes, it is a cryptocurrency. But the coin is not backed by mining in the same cense as Bitcoin that uses Proof-of-Work. Gridcoin uses Proof-of-Stake like many other coins already do, so it's already safe in the actual mining department. What makes Gridcoin very special is that it also rewards users for performing various computational tasks on BOINC, an Open-source software for volunteer computing.
BOINC has been around for a very long time, 15 years this year. To make people compete they added teams to rival against each other on who made the most points each day, week, year. They even have many friendly competitions between teams.
When Gridcoin started they decided to make it a requirement to be on the same team, namely Gridcoin. This was made to make collection of stats much easier, among other things.
The community of BOINC is in its core a horder of things, so far points. Our goal is to make them hord coins to, and compete friendly against each others with this as well.
Team Rivalry and Team Poaching
Gridcoin is an open community and tries to expand to the entire community of BOINC. But since it's been a requirement to be on a specific team there has been many accusations of "Team Poaching" and there has been some angry rivalry from other teams.
There is now much discussion on this topic, and it looks like we are heading to becoming Team Neutral. This is not only great for Gridcoin but for the entire BOINC ecosystem.
Team Gridcoin has in only ~3 years gone from an unknown team to the team doing the most work on the platform, and we are only half a percentage of all the users!
Future Ideas
Some of my own ideas for the near future is that Gridcoinstats will be a central hub where everyone that runs BOINC and the Gridcoin wallet can have friendly competitions even between teams. You can compete on who has the highest score, but even who has the richest member or total coins in the team.
Anyone can easily see how much they will be earning if they already run BOINC and all they need to do is to download and install the wallet. Making coin collecting a new incentive for all the current BOINC users, that are already nerdy enough to collect and compete about points, will give the coin a very good base of growth and expansion.
There are many ways we can bring BOINC to the next level and bring it in the cryptocurrency space, together.
Other Teams joining will take some time
Even when the Team Requirements are lifted and we become Team Neutral it will take some time before users from other teams are joining in I think. Just because they are able to join doesn't mean they are automatically joining and earning rewards.
To earn rewards from Gridcoin they, as everyone else so far, has to download the wallet and advertise their BOINC CPID (Cross-Project ID). But once they have done that, it will not matter what team they are on.
I can only see a bright future for this coin and many great development prospects in the future.
Visit us at
Gridcoin.us | Gridcoinstats.eu
Gridcoin.us | Gridcoinstats.eu
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