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World Community Grid Forums
Category: Community
Forum: Chat Room
Thread: WCG Tokens Based on Provable Work Idea |
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Thread Status: Active Total posts in this thread: 30
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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
WCG results are available for free, non-profit. Maybe this suggestion of paying the contributors should go to the profitable companies that need results from distributed computing, but not to WCG. Where is the money to pay half the world for their computing power going to come from? Even Ripple Labs would go broke if half the world was on their payroll. these ripple IOU's or tokens are not money but are something issued in the ripple network. kinda like an honor badge for your support and computing power donation in the WCG. these out of the box do not have value. but the fact that these tokens aka "honor badges" are tradable in the ripple network against xrp (ripple's internal currency), or usd, or even bitcoin may or may not make them valuable in the future. again, the name of the game and the motivation is charity, nothing else. |
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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
have you seen team ripple labs grow from nothing to the number 1 spot at one point in the WCG in a span of a few months? all that computing power donated for sure helped cancer research, and fight AIDS, etc... so why not take this initiative to a wider audience? imagine if half the world was donating computing power for research. .....That is the point! It was NOT 'donated', it was bought! IBM are NOT going to 'buy' me! I donate! Yuo sell! Ripple was not WCG, if an outside agency wishes to do what they did, well and good.....but NOT WCG/IBM.please see explanation above what these IOU's are. they are more like tokens or "honor badges", and you have a choice if you want to accept them or not. this is not money. |
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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
please see explanation above what these IOU's are. they are more like tokens or "honor badges ", and you have a choice if you want to accept them or not. this is not money. ....you just shot yourself in the foot, WCG already has a badge system up and running for ages, your system not needed. Have you wondered why there has not yet been a single post in support of your idea? We do not need it  |
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PecosRiverM
Veteran Cruncher The Great State of Texas Joined: Apr 27, 2007 Post Count: 1054 Status: Offline Project Badges: 
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Let's not even get into the fact that "if" you make $$ you are then taxed on said $$.
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cjslman
Master Cruncher Mexico Joined: Nov 23, 2004 Post Count: 2082 Status: Offline Project Badges: 
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but the fact that these tokens aka "honor badges" are tradable in the ripple network against xrp (ripple's internal currency), or usd, or even bitcoin may or may not make them valuable in the future. Unfortunately, people will try to make these "honor badges" valuable. Besides, WCG already has badges to indicates how much you have contributed to WCG. again, the name of the game and the motivation is charity, nothing else. It won't go that way... not when there is any possible chance of remuneration floating around. If there is an external effort (like RL) to remunerate your effort, that's out of WCG's hands to control (which is the way it's supposed to be)... but WCG can't and will never economically reward crunchers efforts. Now, would the above suggestion bring more crunchers (like RL did)? Yes, it probably would. Would it create a mess for everybody? Yes, it most certainly would. (I can just see the posts of people screaming that they didn't get the "honor badge" on time or how come the maintenance windows takes so long or ... )CJSL Gotta keep crunching, there's a world to save !!! ---------------------------------------- [Edit 1 times, last edit by cjslman at Apr 20, 2014 7:46:23 PM] |
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deltavee
Ace Cruncher Texas Hill Country Joined: Nov 17, 2004 Post Count: 4894 Status: Offline Project Badges: 
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again, the name of the game and the motivation is charity, nothing else. As soon as monetary profit is introduced the charity concept goes out the window. I have been reading the Ripple Giveaway forum for the last five months and most of those guys think we are stupid for donating our cpu cycles for free. When payment is introduced the WCG will be dominated by Ripple types who monetize the whole effort. Sure, we can still donate our cpu cycles but the entire nature of the WCG will be changed. |
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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
again, the name of the game and the motivation is charity, nothing else. As soon as monetary profit is introduced the charity concept goes out the window. I have been reading the Ripple Giveaway forum for the last five months and most of those guys think we are stupid for donating our cpu cycles for free. When payment is introduced the WCG will be dominated by Ripple types who monetize the whole effort. Sure, we can still donate our cpu cycles but the entire nature of the WCG will be changed. untrue. no one in the ripple community thinks wcg or the participants of it are stupid. i think this is one of the best communities in the world. please post a link where they think and said it is stupid. |
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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
the gist of the idea is: the processing power given by a team participating in the WCG has, no doubt, value. so why not distribute an IOU aka "asset" backed by a team or a community of number crunchers ala CFG, then let the market decide what the value for it is.
this could expand a team in WCG faster and in turn give more computing power for research. imagine a team of 500,000 members. my god. the thing to get away from this is ripple has made it possible for us to create value for ourselves as a community without government intervention. i think that's a very powerful idea. and such an idea could help solve one of humanity's greatest problems: poverty, and a lot more. |
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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
...arrange the following into a well known phrase or saying - "are flogging dead you a horse"
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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
...arrange the following into a well known phrase or saying - "are flogging dead you a horse" i'm not trying to convince you. because i know in paper it looks like it could work, but in practice it has hurdles at must go pass through. and this is not a proposal. more like something to throw out there and discuss the possibilities. back to the idea: trust and reputation is key for this to work. so it would really help if an established team of 10,000 members or more in the WCG with strong backing did this. IOU's or "assets" should have no cap. infinite distribution is a must, for the project to run as long as it could. the market decides its value but the main goal is the growth of the team/community behind it, not the value of the assets. the more computing cycles the team/community gives, the more value humanity gets. none of that deflationary stuff. it just encourages hoarding. profit is not the goal. |
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