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So Filecoin is intended to create a marketplace for the world's unused storage capacity. Is there a corresponding coin for the world's unused computation capaci

So Filecoin is intended to create a marketplace for the world's unused storage capacity. Is there a corresponding coin for the world's unused computation capacity? If there isn't, should someone create one? Probably using "deep learning" and "big data" as buzzwords, and somehow tie in with adtech / analytics / surveillance. I wouldn't buy it, but it seems like the kind of idea that investors would throw billions at!

mmccaff 9y ago
Yes, there is Golem https://golem.network/ https://golem.network/
trytolookcool 9y ago
Is that what ethereum is?
- tyrust 9y ago
  No, the Ethereum Virtual Machine (while Turing complete) is intended to run smart contracts. These are conceptually simple programs for moving around ETH (or other tokens). To execute a program on the EVM, storing the result in the blockchain, you must pay a fee proportional to the length of the program and required storage. So even though the EVM is capable of general computation, complex programs are prohibitively expensive. Distributed computation and storage can be made more reasonably priced by doing the work off-chain (that is, not on the EVM) and then putting some sort of proof that the work was done on-chain.
Geee 9y ago
Computation is much harder because it's not possible to do it in private and secure way. You could only compute public datasets. Even in 3D rendering this is the limiting factor. Still, I think such a network would be necessary for the creation of autonomous AIs.
- cousin_it 9y ago
  It's possible, but expensive: https://en.wikipedia.org/wiki/Homomorphic_encryption https://en.wikipedia.org/wiki/Homomorphic_encryption
jotjotzzz 9y ago
I don't get it. This could work if we have a shortage of storage or limited amount of storage, but that's not the case here. Storage is as ubiquitous as air. These coins are not going to be worth much. This is a belly flop waiting to happen.

mmccaff 9y ago

Yes, there is Golem https://golem.network/ https://golem.network/

trytolookcool 9y ago

Is that what ethereum is?

tyrust 9y ago
No, the Ethereum Virtual Machine (while Turing complete) is intended to run smart contracts. These are conceptually simple programs for moving around ETH (or other tokens). To execute a program on the EVM, storing the result in the blockchain, you must pay a fee proportional to the length of the program and required storage. So even though the EVM is capable of general computation, complex programs are prohibitively expensive. Distributed computation and storage can be made more reasonably priced by doing the work off-chain (that is, not on the EVM) and then putting some sort of proof that the work was done on-chain.

Geee 9y ago

Computation is much harder because it's not possible to do it in private and secure way. You could only compute public datasets. Even in 3D rendering this is the limiting factor. Still, I think such a network would be necessary for the creation of autonomous AIs.

cousin_it 9y ago
It's possible, but expensive: https://en.wikipedia.org/wiki/Homomorphic_encryption https://en.wikipedia.org/wiki/Homomorphic_encryption

jotjotzzz 9y ago

I don't get it. This could work if we have a shortage of storage or limited amount of storage, but that's not the case here. Storage is as ubiquitous as air. These coins are not going to be worth much. This is a belly flop waiting to happen.