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Author Topic: [ANN][RSC] Research Support Coin (RSC) - mining with purpose  (Read 20477 times)
researchsupportcoin (OP)
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April 29, 2014, 08:17:18 PM
 #21

★★★★★ [TRIPLE GIVEAWAY] - Research Support Coin (RSC) giveaway ★★★★★



GIVEAWAY #1:
Reply to the GIVEAWAY thread at http://altcoingiveaways.com/index.php/topic,1525.0.html with your Ripple address and we'll send you 10 RSC.

To get your reward, you need to:
- create a Ripple wallet (if you don't have one already) at https://ripple.com/and fund it
- open a trust line for RSC to our ripple address rLTSuhKSNaWvGHyRcnTSjms3iFew345SdG
- reply to the GIVEAWAY thread with your Ripple address at: http://altcoingiveaways.com/index.php/topic,1525.0.html

The amount of trust you add limits the amount of RSCs we can send you. If you want to participate in all three giveaways and then continue earning RSCs, we recommend to put some high number, e.g. 10,000,000.

GIVEAWAY #2:
We are giving away 100 RSC to every new participant.

To get this reward, on top of steps in GIVEAWAY #1, you need to:
- register at World Community Grid:  http://www.worldcommunitygrid.org/reg/viewRegister.do?teamID=6PWSZF8V32
(if you register via this link, you will be automatically assigned to our WCG team)
or if you already have WCG account, join our team: http://www.worldcommunitygrid.org/team/viewTeamInfo.do?teamId=6PWSZF8V32
- register on our website: http://www.researchsupportcoin.org/registration/

After you register, you will automatically get 100 RSC.

GIVEAWAY #3:
When you start donating your unused computing time to research projects via World Community Grid, we will give you additional 200 RSC when your computer will deliver the first result to WCG!

On top of steps in GIVEAWAY #1 and #2, all you need to do is:
- download the BOINC client from World Community Grid: https://secure.worldcommunitygrid.org/reg/ms/viewDownloadAgain.do
and install it. The client will automatically connect to WCG and will start running tasks.

Enjoy Smiley

Join Research Support Coin at www.researchsupportcoin.org
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Caniggia
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April 30, 2014, 02:15:10 AM
 #22


I'm gonna watch it anyway, could Surprise me.
lotosminer
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May 01, 2014, 10:00:01 AM
 #23

Great news, thanks for the giveaways Smiley

Free SIGNs giving everyday. Be part, do not miss!. SqDH9nmCWyP1yUM9J3ZhUiQ9kc8aotqPZL
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May 02, 2014, 11:47:49 AM
 #24

Don't miss another RSC giveaway now at Gecko Coin Central: https://www.geckocoin.com/

Join Research Support Coin at www.researchsupportcoin.org
researchsupportcoin (OP)
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May 03, 2014, 03:28:08 PM
 #25

After 3 weeks, our WCG team is already contributing with 1 YEAR of run time per DAY!
http://www.worldcommunitygrid.org/team/viewTeamInfo.do?teamId=6PWSZF8V32

Join Research Support Coin at www.researchsupportcoin.org
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May 03, 2014, 07:01:59 PM
 #26

After 3 weeks, our WCG team is already contributing with 1 YEAR of run time per DAY!
http://www.worldcommunitygrid.org/team/viewTeamInfo.do?teamId=6PWSZF8V32

Yep, and I'm part of it. Smiley






██████████████████████████████████████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████████████████████████████
███████████████████████████████████████████████████████████████████████▄▄▄███████████████████████
███████████████████████████████████████████████████████████████████████▀▀▀████████████████████████
██████████████████████████████████████████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████████████████████████████████████████





...INTRODUCING WAVES........
...ULTIMATE ASSET/CUSTOM TOKEN BLOCKCHAIN PLATFORM...






Telmo
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May 09, 2014, 06:55:17 PM
 #27

I'm part of it too  Wink but price is down  Sad

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May 09, 2014, 06:56:32 PM
 #28

I'm part of it too  Wink but price is down  Sad

Yes, I saw that. Still, we're doin' good.






██████████████████████████████████████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████████████████████████████
███████████████████████████████████████████████████████████████████████▄▄▄███████████████████████
███████████████████████████████████████████████████████████████████████▀▀▀████████████████████████
██████████████████████████████████████████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████████████████████████████████████████





...INTRODUCING WAVES........
...ULTIMATE ASSET/CUSTOM TOKEN BLOCKCHAIN PLATFORM...






Telmo
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May 09, 2014, 07:33:16 PM
 #29

I'm part of it too  Wink but price is down  Sad

Yes, I saw that. Still, we're doin' good.

yeah, yeah...  Sad

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May 09, 2014, 07:33:55 PM
 #30

Looks interesting, definitely something to look out for, I hope you guys get the attention

you deserve
researchsupportcoin (OP)
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May 11, 2014, 09:24:21 PM
 #31

It is just the beginning and there are not many people involved yet, so the RSC price can highly fluctuate now.
However, the RSC payments per WCG point will gradually decrease as stated on our website, so we expect that the price will be increasing in the future.
Early adopters, who receive close to 0.01 RSC per WCG point are thus advantaged Smiley
The current RSC/WCG rate is recalculated every day and is displayed at our stats page: www.researchsupportcoin.org/stats/

Join Research Support Coin at www.researchsupportcoin.org
researchsupportcoin (OP)
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May 14, 2014, 08:05:11 AM
 #32

We have started about a month ago and since then, all together we have contributed with more than 100 YEARS! of computing time to research projects within the World Community Grid.
Thank you all for your participation!

Join Research Support Coin at www.researchsupportcoin.org
oriolpont
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May 14, 2014, 02:30:26 PM
 #33

I cannot see how RSC could ever be valuable.

Ripple Labs have ended their computing for good distribution program because it was progressively debasing XRP.

Research supporters donate their spare CPU to WCG anyway. While everyone would prefer a retribution, this leads to a tragedy-of-commons situation: "they give me something for practically no additional effort, so any positive amount is good enough".

RSC are IOUs backed by nothing. They do not even exist outside Ripple. They are not accepted anywhere. Their only value derives from that research support promise, but then again the 40% premine defeats this purpose. For example, let us say I am a wealthy research supporter. I already save enough taxes from my other donations, so I will instead give money to informally organized scientific computing projects on the internet. I can choose between two options:

- I can buy RSC, effectively donating to other supporters to retribute their WCG computations. They will get only 60% of my money, and many of them would have donated their spare cycles anyway.

- Or I can setup an inexpensive, massive digitalocean botnet to run WCG myself. WCG lets me select which projects I prefer. I will even get some RSC for doing this!

Who would ever prefer the first option over the second? In other words, what stops RSC price from falling to 0?
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May 18, 2014, 08:47:13 AM
 #34

I cannot see how RSC could ever be valuable.
[..]

Mine RSC, sell if for XRP. If you don't like XRP you can sell if for anything (e.g. for LTC).
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May 18, 2014, 11:20:50 AM
 #35

I cannot see how RSC could ever be valuable.
[..]

Mine RSC, sell if for XRP. If you don't like XRP you can sell if for anything (e.g. for LTC).

I'd gladly sell. But selling requires someone buying, and I can't see who'd rationally buy.
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May 18, 2014, 12:56:46 PM
 #36

I cannot see how RSC could ever be valuable.
[..]

Mine RSC, sell if for XRP. If you don't like XRP you can sell if for anything (e.g. for LTC).

I'd gladly sell. But selling requires someone buying, and I can't see who'd rationally buy.

But someone is buying :-)

ASKS
Ask Price XRP / Size RSC / Sum RSC
0.02000 / 3,000.00000 / 3,000.00000
0.03200 /364.48000 / 3,364.48000
0.03330 / 3,350.00000 / 6,714.48000
0.05900760.660007,475.14000
0.05952563.000008,038.14000
0.060001,396.416919,434.55691
0.066661,500.0000010,934.55691
0.073001,000.0000011,934.55691
0.0750010,070.6850022,005.24191
0.0768613,010.0000035,015.24191
0.07692130.0000035,145.24191
0.080003,500.0000038,645.24191
0.0899910.8610038,656.10291
0.099993,736.0000042,392.10291
0.1000011,594.8942653,986.99717
0.105267,125.0000061,111.99717
0.1200017,215.7000078,327.69717
0.12500259.0582178,586.75538
0.130001,100.0000079,686.75538
0.179997,872.3926587,559.14803
0.181815,500.0000093,059.14803
0.18998460.3262393,519.47427
0.196075,100.0000098,619.47427
0.200005,300.00000103,919.47427
0.222224,500.00000108,419.47427
0.23000863.00000109,282.47427
0.249992,260.30000111,542.77427
0.250005,000.00000116,542.77427
0.269973.00000116,545.77427
0.29998519.15000117,064.92427
0.3000010,000.00000127,064.92427
0.400001,400.00000128,464.92427
0.500002,319.26000130,784.18427
0.800006,000.00000136,784.18427
0.990002,000.00000138,784.18427
1.0000010,400.00000149,184.18427
1.15000116.00000149,300.18427
oriolpont
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May 18, 2014, 10:34:52 PM
 #37

I cannot see how RSC could ever be valuable.
[..]

Mine RSC, sell if for XRP. If you don't like XRP you can sell if for anything (e.g. for LTC).

I'd gladly sell. But selling requires someone buying, and I can't see who'd rationally buy.

But someone is buying :-)

ASKS
Ask Price XRP / Size RSC / Sum RSC
0.02000 / 3,000.00000 / 3,000.00000
(...)

Those are asks not bids! You just showed the opposite: someone is selling.

To be fair, there is also a rather thin bidding-side book: I count a total of 2100 XRP (around $10-15) with most of these at 0.000001 (one millionth) XRP per RSC. Even the average bid, 0.0001 (a tenth mill) XRP per RSC, is ridiculous: electricity costs orders of magnitude more, let alone a DigitalOcean droplet.

Anyway, my comment was about the fundamentals, not the actual book. The OP and a few dumb speculators are bidding these few dollars that we observe, but I still do not see how any rational research supporter would ever buy RSC in any significant amount.
researchsupportcoin (OP)
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May 18, 2014, 11:29:08 PM
 #38

Quote
I cannot see how RSC could ever be valuable.

Ripple Labs have ended their computing for good distribution program because it was progressively debasing XRP.

Research supporters donate their spare CPU to WCG anyway. While everyone would prefer a retribution, this leads to a tragedy-of-commons situation: "they give me something for practically no additional effort, so any positive amount is good enough".

RSC are IOUs backed by nothing. They do not even exist outside Ripple. They are not accepted anywhere. Their only value derives from that research support promise, but then again the 40% premine defeats this purpose. For example, let us say I am a wealthy research supporter. I already save enough taxes from my other donations, so I will instead give money to informally organized scientific computing projects on the internet. I can choose between two options:

- I can buy RSC, effectively donating to other supporters to retribute their WCG computations. They will get only 60% of my money, and many of them would have donated their spare cycles anyway.

- Or I can setup an inexpensive, massive digitalocean botnet to run WCG myself. WCG lets me select which projects I prefer. I will even get some RSC for doing this!

Who would ever prefer the first option over the second? In other words, what stops RSC price from falling to 0?

First of all, sorry for the late reply.

Yes, you can buy a massive digitalocean botnet to run WCG yourself. But it would still be just you and even if you were super-wealthy, your computing power would be limited.
Our records show that we brought quite a few new people to WCG. Also, some of those who switched to RSC from the Ripple giveaway probably wouldn't continue at WCG without RSC, or at least not with such a big computing power. It thus looks like we are succeeding in bringing people to WCG, or at least keeping them there. For us - good enough. And that's what you would support by buying RSCs.

About the premine - most of it will be used to support research as well, just in another way. When some of the premined coins will be used to buy some research equipment, we will display on our website a copy of the official acknowledgement issued by the respective university. However, none of the "premined" coins were released yet, so by buying RSCs you'll only support WCG contributors right now.

Regarding the RSC price: Strictly taken, every new coin has in principle zero value at the beginning. It gains value over time. And so does RSC. The RSC distribution formula is deflatory, what should contribute to increase of its price. Maybe that's why some people are already willing to buy RSCs. And I can assure you that none of the bid offers are ours. We are also working on new features that will bring more value to RSC.

Join Research Support Coin at www.researchsupportcoin.org
sid7039
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May 19, 2014, 08:01:13 AM
 #39

I cannot see how RSC could ever be valuable.
[..]

Mine RSC, sell if for XRP. If you don't like XRP you can sell if for anything (e.g. for LTC).

I'd gladly sell. But selling requires someone buying, and I can't see who'd rationally buy.

But someone is buying :-)

ASKS
Ask Price XRP / Size RSC / Sum RSC
0.02000 / 3,000.00000 / 3,000.00000
(...)

Those are asks not bids! You just showed the opposite: someone is selling.

To be fair, there is also a rather thin bidding-side book: I count a total of 2100 XRP (around $10-15) with most of these at 0.000001 (one millionth) XRP per RSC. Even the average bid, 0.0001 (a tenth mill) XRP per RSC, is ridiculous: electricity costs orders of magnitude more, let alone a DigitalOcean droplet.

Anyway, my comment was about the fundamentals, not the actual book. The OP and a few dumb speculators are bidding these few dollars that we observe, but I still do not see how any rational research supporter would ever buy RSC in any significant amount.


Fundamentals not too strong? -  it's the same as with 95% of the cryptocoins.

And the list (just for the information; I'm not saying that you are wrong :-)
BIDS:
Sum RSC /  Size RSC / Bid Price XRP
17,603.23846 / 17,603.23846 / 0.02004
23,293.23896 / 5,690.00050 / 0.02000
24,333.48525 / 1,040.24629 / 0.01000
36,759.48525 / 12,426.00000 / 0.00917
76,526.4553539,766.970100.00628
126,526.4553550,000.000000.00600
136,526.4553510,000.000000.00500
159,029.1287522,502.673400.00494
195,660.2209936,631.092240.00395
231,789.6189036,129.397910.00335
331,789.61890100,000.000000.00300
367,489.6185535,699.999650.00285
469,011.74972101,522.131170.00250
472,678.416383,666.666660.00210
473,678.416381,000.000000.00200
573,678.41638100,000.000000.00100
1,563,678.41638990,000.000000.00010
1,894,008.41638330,330.000000.00005
2,364,008.41638470,000.000000.00004
4,364,008.416382,000,000.000000.00002
6,364,008.416382,000,000.000000.00001
16,364,008.4163810,000,000.000000.000001


lotosminer
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May 29, 2014, 12:51:03 PM
 #40

Wow, RSC team on WCG over 400 years of runtime!

Free SIGNs giving everyday. Be part, do not miss!. SqDH9nmCWyP1yUM9J3ZhUiQ9kc8aotqPZL
QORA | 2ND GEN | NEW SOURCE CODE | QZBa56NpqpodoZBqhE314m7VxQi7fR4atQ
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