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If Gridcoin gets popular, then it would be worth it to create a very optimized algorithm for something that looks kinda like protein folding (or weather simulat
by AgentME 9y ago
If Gridcoin gets popular, then it would be worth it to create a very optimized algorithm for something that looks kinda like protein folding (or weather simulation or any vaguely interesting sciency problem; it doesn't need to actually be useful), create a project based around using volunteer computer time to compute the same problem (with a much less optimized algorithm than yours), and then spend millions on PR and/or bribes to try to get the project to be included into BOINC/Gridcoin. Once it's included on Gridcoin, buy a lot of cloud instances to run your optimized algorithm, and mine tons of Gridcoin that you immediately sell. Maybe keep a PR person on payroll to put out media releases about how useful the data generated by the project is, so that way Gridcoin doesn't ever remove your project. Maybe make some donations to some universities to get a bunch of professors to say nice things about it too. You're literally printing money, so you can afford it.
In other words, I think the necessary centralization of a project like Gridcoin is a large exploitable flaw.