Because when Gridcoin removes the mandatory team requirement it will open its doors to the entire BOINC community (6 figure active userbase, 7 figure registered userbase). That and gridcoin represent completed computation on the BOINC network, by buying gridcoin you're reimbursing the user's completed computation (which could be attempting to solve cancer/diseases, mapping the milkyway, searching for asteroids, etc).
The problem is, who will control this information being altruistically paid for indirectly by the investors of Gridcoin? It's still going to be something with erected paywalls. It is research a Gridcoin user pays twice for. Some private interest will buy it and make the information theirs with patents. Owners collectively subsidize other groups making profit in a corporate welfare system. I feel that a blanket subsidy of corporations is a bad idea. See the Aron Swartz story. Why not subsidize the young high school graduates or the retired people?
If you want to hold a coin designed for altruism there is also solarcoin, giftcoin and devcoin.
Because when Gridcoin removes the mandatory team requirement it will open its doors to the entire BOINC community (6 figure active userbase, 7 figure registered userbase). That and gridcoin represent completed computation on the BOINC network, by buying gridcoin you're reimbursing the user's completed computation (which could be attempting to solve cancer/diseases, mapping the milkyway, searching for asteroids, etc).
The problem is, who will control this information being altruistically paid for indirectly by the investors of Gridcoin? It's still going to be something with erected paywalls. It is research a Gridcoin user pays twice for. Some private interest will buy it and make the information theirs with patents. Owners collectively subsidize other groups making profit in a corporate welfare system. I feel that a blanket subsidy of corporations is a bad idea. See the Aron Swartz story. Why not subsidize the young high school graduates or the retired people?
If you want to hold a coin designed for altruism there is also solarcoin, giftcoin and devcoin.
Plus, with Proof-Of-Stake you're able to receive interest at 1.5% APR on your Gridcoins