I personally think we should keep whitelisting projects rather than greylisting /blacklisting projects as is proposed by nateonthenet. It sets the hurdle higher at the beginning of the process of accepting new projects rather than trying to exclude a bad project after it is reviewed by the users, which might be even harder.
Although the majority of the BOINC projects are not-for-profit, I always thought GRIDCOIN is for-profit, and therefore we shall treat it as a company. So I do not see any problem that our votes are weighted by our assets and magnitude, I rather think it gives the right incentives for “crunching” and investing in GRIDCOIN.
But I would like to make another comment on your article as well as, the @Dutch’s process to set up a project under GRIDCOIN:
“Add Your Project to Gridcoin”
- “APPLY TO HAVE YOUR PROJECT WHITELISTED- The Gridcoin community maintains a whitelist of projects eligible for reward. This system is in place to prevent shell projects being set up to harvest GRC, and ensure that selected projects will be able to make use of the considerable compute power Team Gridcoin brings to bear. You can request help getting your project whitelisted in any of the official community channels.” @Dutch (https://www.gridcoin.science/get-compute.html)
I think the whitelist process shall only apply for not-for-profit BOINC Projects, as GRIDCOIN generates COINs out of nowhere for these projects. However for a company and a for-profit use of BOINC and GRIDCOIN the implementation should be strait and bypass any whitelisting process. So GRIDCOIN is able to compete directly to the likes of SPARC, GOLEM etc.
No company, that would like to use the distributed computing power of BOINC, shall be obliged to invest first in setting-up a BOINC project, invest in the development of a working app and at the end be exposed to the approval of the community (If the project is whitelisted or not) waiting several weeks for the result of the vote.
Therefore I think the guide on www.gridcoin.science is highly misleading and should indicate, that this process only applies for new not-for-profit BOINC projects and not for comercial ones.
However I do think, there already exists a solution for the comercial use of BOINC power and GRIDCOIN, although quite a crude one: We should incentivize companies to use BOINC for their research and guide them as follows:
- Set up your BOINC Server and develop your App: There is an opportunity for BOINC devs and GRIDCOIN devs to offer their service paid by GRIDCOIN.
- Set up your companies GRIDCOIN Wallet.
- Go to the open market; convince whales or the foundation to sell your GRIDCOINs for fiat. Offer the payment to BOINC users by transfers to their GRIDCOIN wallets for computing the project WUs, which will generate the GRIDCOIN market we are all looking for!
- Pay the active users by the stats of the companies’ BOINC project.
What we should be looking for, is the development of “Company” GRIDCOIN Wallet, which facilitates the payment to a large user base, or set-up a function for mass transfers to GRIDCOIN users besides the rain function in the existing wallet. I am convinced, this will generate a lot of (business-) opportunities for early adopters and our devs.
I disagree with the first part of your comment. My entire criticism is that "good" and "bad" are too subjective to be left to human fingers.
The second part is possible today with the use of Project Rain. See @scalextrix's comment below.:)