7 ms·

Task for some more suited than me: turn transactions into protein representations, and every mining operation becomes a folding operation.

burkaman 8y ago
https://curecoin.net/ https://curecoin.net/ https://foldingcoin.net/ https://foldingcoin.net/ https://gridcoin.us/ https://gridcoin.us/ http://primecoin.io/ http://primecoin.io/ Probably many more
deleted 8y ago
[deleted]
edhu2017 8y ago
Here's the problem for me. These mining operations can be exploited to an extreme. Any scientist or professor with knowledge in protein representations will have an unfair advantage over normal miners. This gap will be even larger than the hashpower gaps we see between ASICs and "normal" miners in bitcoin, litecoin, etc because scientists will have access to not only hardware but also extremely specific domain knowledge.
- usepgp 8y ago
  Isn't that good though? The scientists who make new discoveries get paid to do so, rather than just some random person with a gpu in their closet?
  - edhu2017 8y ago
    It's not, because no one would use a coin with such imbalance in mining power. It would be all around more efficient for people to just donate to scientists.
- naravara 8y ago
  >Any scientist or professor with knowledge in protein representations will have an unfair advantage over normal miners. I, for one, welcome our new protein folding overlords. May they rule us more justly than the investment bankers they've replaced. :-p
gowld 8y ago
The problem with solving "real" problems instead of synthetic ones is that they aren't uniformly difficult, so clever people will game the system.
- p0ckets 8y ago
  As long as gaming the system means solving a real problem, that would be a good thing right?
  - danappelxx 8y ago
    Not if you want the currency to replace traditional currencies in the future.
    - naravara 8y ago
      Presumably that wouldn't be a goal for such things. You could just as easily call them "coolness points" and use them as badges of distinction. That alone could motivate participation. God knows it works for Reddit.
      - ribosometronome 8y ago
        https://stats.foldingathome.org/teams https://stats.foldingathome.org/teams Folding@Home already has team stats with points.

burkaman 8y ago

https://curecoin.net/ https://curecoin.net/ https://foldingcoin.net/ https://foldingcoin.net/ https://gridcoin.us/ https://gridcoin.us/ http://primecoin.io/ http://primecoin.io/ Probably many more

deleted 8y ago

[deleted]

edhu2017 8y ago

Here's the problem for me. These mining operations can be exploited to an extreme. Any scientist or professor with knowledge in protein representations will have an unfair advantage over normal miners. This gap will be even larger than the hashpower gaps we see between ASICs and "normal" miners in bitcoin, litecoin, etc because scientists will have access to not only hardware but also extremely specific domain knowledge.

usepgp 8y ago
Isn't that good though? The scientists who make new discoveries get paid to do so, rather than just some random person with a gpu in their closet?
- edhu2017 8y ago
  It's not, because no one would use a coin with such imbalance in mining power. It would be all around more efficient for people to just donate to scientists.
naravara 8y ago
>Any scientist or professor with knowledge in protein representations will have an unfair advantage over normal miners. I, for one, welcome our new protein folding overlords. May they rule us more justly than the investment bankers they've replaced. :-p

gowld 8y ago

The problem with solving "real" problems instead of synthetic ones is that they aren't uniformly difficult, so clever people will game the system.

p0ckets 8y ago
As long as gaming the system means solving a real problem, that would be a good thing right?
- danappelxx 8y ago
  Not if you want the currency to replace traditional currencies in the future.
  - naravara 8y ago
    Presumably that wouldn't be a goal for such things. You could just as easily call them "coolness points" and use them as badges of distinction. That alone could motivate participation. God knows it works for Reddit.
    - ribosometronome 8y ago
      https://stats.foldingathome.org/teams https://stats.foldingathome.org/teams Folding@Home already has team stats with points.