6 ms·
In all honesty this is what I've been waiting for in terms of a useful cryptocurrency. Now if we could only decentralize the control of what projects the proces
by cprayingmantis 9y ago
In all honesty this is what I've been waiting for in terms of a useful cryptocurrency. Now if we could only decentralize the control of what projects the processing goes towards with smart contracts then we could have a coin with more actual utility. Imagine the hash rate of the BTC network going towards some useful calculations.
- comicjk 9y agoThe projects SONM and Golem are trying to do what you describe. Their plan is to use the Ethereum blockchain to sell miners' computing power in units of their coins, thus giving the coins practical value. Neither one is ready enough to buy from yet.
- cprayingmantis 9y agoThanks for passing the info along I'll be sure to check them out.
- knowledgepowers 9y agoAnother: sparc.network
- westurner 9y ago> Imagine the hash rate of the BTC network going towards some useful calculations. https://curecoin.net https://curecoin.net """ CureCoin Reaches #1 Ranking on Folding@home As of the afternoon of August 29, 2017 (Eastern Time), the Curecoin Team 224497 earned the world's #1 rank on Stanford's Folding@home - a protein folding simulation Distributed Computing Network (DCN). In a little over 3 years, the team (including our merge-folding partners at Foldingcoin) collectively produced 160 billion points worth of molecular computations to support research in the areas of cancer, Alzheimer's, Huntington's, Parkinson's, Infectious Disease as well as helping scientists uncover new molecular dynamics through groundbreaking computational techniques. """
- iak8god 9y ago> Imagine the hash rate of the BTC network going towards some useful calculations. Unfortunatly BTC mining now runs almost entirely on ASICs that can't be used to compute anything but SHA-256.
- anigbrowl 9y agoImagine and equivalent amount of computer power in an alternative future. I mean, you're right, and this limitation is a flaw in bitcoin, but you've also missed the point.
- iak8god 9y agoNo, I'm imagining, and I'm sure we'll get there eventually, but BTC has a lot of inertia at present.
- oh_sigh 9y agoIt's also hard to call it a flaw in Bitcoin, considering it was an intentional design decision.
- ben_w 9y agoEven intentional design decisions can be flawed.
- westurner 9y agoThere's a pretty hard limit bounding the optimizability of SHA256. That's why hashcash uses a cryptographic hash function. There may be - or, very likely are - shortcuts for proof of research better than Grover's; which, when found, will also be very useful for science and medicine. However, that advantage is theoretically destabilizing for a distributed consensus network; which is also a strange conflict in incentives. Sort of like buying "buy gold" commercials when the market was heading into the worst recession since the Great Depression. SSL accelerators may benefit from the SHA256 ASIC optimizations incentivized by the bitcoin design. """The accelerator provides the RSA public-key algorithm, several widely used symmetric-key algorithms, cryptographic hash functions, and a cryptographically secure pseudo-random number generator""" GPU prices are also lower now; probably due to demand pulling volume. The TPS (transactions per second) rate is doing much better these days. How would you solve the local daretime problem in order with Git and signatures?
- shanev 9y agoTheir GitHub repo hasn't had any commits in 3 months.
- fishsander 9y agoTheir staging and development branches are both 375 commits ahead of master.