It cannot be denied that cryptocurrency investors are encouraging each other to actively join in the different networks they fund. In fact, a segment in the blockchain space has been clamoring about “generalized mining.” The latter is the idea that the decentralized web is inviting users in an attempt to make them contribute to resources needed in running various services.
Pushing Generalized Mining
The latest funds to have participated the cause are none other than CoinFund and Placeholder through a partnership. The alliance has been made possible alongside the launch of the Grassfed Network, which aims to showcase CoinFund’s goal of helping its many portfolio projects to obtain network effects.
In an official Medium post, the company said that its partnership with Placeholder is all about the utilization of “generalized mining.” They aim to transform it into a different strategy for digital currency funds in order to directly engage networks and, at the same time, generate returns.
The firm further stated that these services would include the likes of staking, transaction processing, market making, content curation, and active governance, among many others.
As expected, a good number of investors started speculating on the aforementioned perspective online. Interestingly, many of the conversations point to a Twitter thread that Jake Brukhman, the co-founder of CoinFund, shared in October last year. In his tweet, he stated that “generalized mining” is not just about enabling investors to add fathomable concrete value directly to their portfolio networks. For Brukhman, cryptoinvestors can benefit the most from it, especially since they are the “best-positioned profile” when it comes to this type of early network management.
The Anti-Fragile Agreement
Placeholder, on the other hand, has been consistent in its interest in protocols that would allow the existence of different kinds of stakeholders and for them to participate in a variety of ways. As per previous reports, the protocol was designed to improve the governance of the world’s leading cryptocurrency Bitcoin by simply sharing authority over the different networks established across shareholders.
For instance, Decred holders – one of the entities that backed Placeholder’s attempt – are staking tokens in order to win the chance of participating in the above-mentioned governance. Meanwhile, Placeholder wants to delegate tickets directly to Grassfed’s network (i.e. voting service), so it can mark an ongoing collaboration involving two funds.
Of course, the idea of pushing “generalized mining” is interesting for many cryptoinvestors. But nothing serious has been set in stone yet.