[deeeeplearning]

>Whats the use for the coin? Its an incentive obviously but its only so because it has a price tag. Who should buy the coin from me if I "mined" one and what would he do with it?

This is the same for any crypto coin. Certainly not unique to Gridcoin.

[noxer]

That doesn't answer the question.

[neolefty]

It's more a history question than a technical question. What's the use of Bitcoin or Ethereum?

[noxer]

Bitcoin was mean to be p2p cash. It has no legitimate use case anymore as it obviously failed to be p2p cash.

Ethereum tried to be many things mostly a decentral computer. Turned out to be a super expensive decentral computer and that it isn't really so decentral in the current version. However its technically used this way by some people so that de-facto means it has a valid use case. It can hardly compete against newer similar projects but thats another story.

[odrekf]

The Bitcoin idea didn't fail to be cash. BTC failed to be cash because it forced a permanent 1mb block size limit. If you want to see the original Bitcoin idea working as a charm, use Bitcoin Cash (BCH).

[noxer]

Well if its meant to be used as p2p cash but can not be used in this manner since many years that ticks all the boxes for me to call it failed. but you are entitled to your own opinion on this.

BCH solves nothing, the larger block size may allows some more Tx but you still have 10min block times and then wait for however many confirmation blocks you want. Not exactly how I imagine p2p cash is supposed to work. and if the throughput would reach the new max with the new block size it would suffer exploding fees just like the "main" bitcoin. It does not scale better it just has a higher limit not one that would allow any meaningful throughput to use it as a global p2p cash system. no one has it to use it as p2p cash. Everyone has it to sell it for profit later on.

[RinTohsaka]

Or check out Monero!