Maybe I should have said a "unique use case" and also one that out-competes other similar systems.
Buying stuff with the coin may be an use case but this coin is in no way better than the thousands others for doing just that. Its very much end of the line for acceptance and thus this use case is not really valid.
I see using it a currency backed by scientific work is already something that makes using it unique and can make people interested in accepting it and use it. I see that you don't view it the same way, but that's okay too
As well, here's one thing that may or may not usecase per se, but it is something a that's different from most cryptos in use of the coin itself. It's nice feature that only a one or maybe a handful other coins [1] called sidestaking. With it you can send any % of your staking rewards to other addresses in the coinbase transaction. So you could for instance use it to donate to BOINC projects that accept Gridcoin every time you stake (and people already do that). Or you could send it to a friend when you stake or anyone really. You can send to multiple addresses every time you stake with different % for each (up to 6 before it has to cycle through them on each stake) to. On the flip side, accepting Gridcoin means you can also accept sidestakes (at least for things like donations)
Sorry to rain on your parade but this is utter nonsense. Its not backed by anything. Words have meanings and you cant just use an existing word to describe some different imaginary concept. There is no such thing as baking "money" with past work. The benefit of past work is already "used", it can not somehow hold value for the rest of time. If you calculate the larges know prime number that number does in no way have or hold the value of work you put in to get it. the number is in fact worthless once it is known.
>sidestakes
I'm impressed what kind of nonsense people come up with and can somehow present as something valuable.
Sounds like the self fueling money printer system named gridcoin has a builtin function to donate fractions of the printed money to different addresses. literally donation by inflation - should be called stimulus lol.
Maybe backed was a bad word to use. I more just meant that it's creation is linked with scientific work having been done. That it has a value linked to helping science - not a direct one to one thing you can exchange for helping science. More so that accepting it means that you know that part of it came from helping science
> If you calculate the larges know prime number that number does in no way have or hold the value of work you put in to get it. the number is in fact worthless once it is known.
None of the projects on Gridcoin are currently for finding Prime numbers. There was one in the past, but it was removed from the whitelist per the admin's request. I also disagree with the notion prime numbers they are worthless once they are known, but I'm not going to go into that because it's not relevant here
With Gridcoin the work is meaningful after it has been done. Take for instance the biomedical research done by a bunch of projects. The proteins and the drugs they help lead to have massive impacts to a lot of people. Now it isn't something you can exchange back and forth through time obviously, but its result is something you can still see is meaningful
> literally donation by inflation
I didn't say it wasn't from inflation, but it's opposed to many making no donations at all and there still being the same amount of inflation. It's used a lot because it's convenient to setup and it doesn't result in any extra transaction fees or the like. The alternative in other coins is that people just don't end up sending anything more and just take all of the newly minted coins
> should be called stimulus lol
:/
not going to go into this
I think continuing this conversation is not going to really result in much. I'm not sure what exactly you are looking for that you see in other cryptocurrencies. I think this is going keep going in circles.
The prime number thing was an example not related to this coin.
The stimulus thing was just a joke.
I'm not looking for anything that "I see in other cryptocurrencies". I was just looking for a reason why this coins should be used by anyone. The other 9k coins are irrelevant.
