Goodbye.
Vorshalk's "farm" is killing profitability on both CureCoin AND Foldingcoin, which I classify as ABUSE BY A DEVELOPER and am not willing to put up with any more.
This is NOT going to "increase the price of the coin" - the SAME number of coins still get generated, they STILL end up getting spent - "donating them to charity" just means the CHARITY ends up spending them at which point they're right back into circulation.
The ONLY effect of this massive farm is to KILL PROFITABILITY FOR THOSE OF US PARTICIPATING IN BOTH PROJECTS.
If he really wanted to increase the price of the coin, he'd put the $100,000 (OR MORE, since he said he was using rigs with ONE GPU PER RIG) into BUYING CURECOIN instead - which WOULD increase the price of the coin, and if he then HELD ON to the Curecoin he bought it would also reduce the supply FOR REAL helping prop the price up.
I am also starting to wonder VERY SERIOUSLY where he is getting the money to BUILD this farm - he's not like Ed Olkkola who is KNOWN to have a high-pay type job as an executive for an "investment banker" type company and has built his farm up over years.
I can see it being reasonable for a Developer of a coin to have a FEW rigs for testing with.
100+ RIGS that are eating over 10% of the profitability of the coin AND STILL GROWING IN NUMBER AND PROFITABILITY KILLING is not reasonable by ANY standard.
Anyone is free to build and deploy any number of servers for Curecoin folding (or any other type of mining in the cryptocurrency ecosystem); the entire ethos of this space relies on the permissionless nature of blockchain technology. No projects in this space can be built with any expectation of profit--the availability of hardware and performance of software will dictate the amount of folding/mining. It's a free market, and anyone is able to participate at any level. Curecoin developers don't have any advantage over anyone else in the ecosystem; would people be upset if a large folder unrelated to the development team were to come in and do the exact same thing? The fact that I'm involved in the project shouldn't limit my ability to participate compared to anyone else who isn't contributing code/ideas to the project. I'm not making any changes to the protocol or otherwise modifying the project in any way that benefits me, I'm simply paying money to build out infrastructure, and using it for folding for now.
I'm not going to purchase Curecoin for the sake of holding up the market--the goal of Curecoin is to drastically improve the computational resources put towards groundbreaking medical research, not ensure a profit margin for a particular user. The farm is no longer growing (and hasn't for a while), and it's around 8% of the total folding power, I believe. Building a mining rig is a calculated risk, and decisions should be made based on expected market growth/decline, profit margin predictions, alternative uses for the hardware that also generate profit, etc. Assuming that someone won't step in and benefit from an economic incentive is a bit silly, whether they're a developer of the project or not.
Sorry to see you go
I folded a long time before Curecoin or foldingcoin was a thing, and Merged folding made it possible to fold much more, and i think that people like Quintleo who i have seen jumping from coin to coin to fold should not be folding, he does not appreciate what folding is. i would fold even if i earn 0 but would not be able to fold this much.
Yes, money is a part of it, but srsly who doesnt have a relative that has had cancer and died, or have it and struggle.
This is just as important as the money. 1 out of 3 gets cancer in their life.
And i think you should fold as much as you like, you are the future of this coin, and you definitely in my opinion should hold a lot of curecoin, i have never in the 5 months i have been tracking curecoin charts seen this big of a buy wall.
I hope the progress with curecoin 2.0 and sigmax goes smoothly, curecoin will probably hit a dollar per one coin after that.
and the more the price rises the better, we will get more and more folders, so we can beat this shit cancer.
I just felt the need to write this since i think you are getting way to many hate comments from butthurt people who complain about profitability.
