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ShowHN:BTC-like cryptocash with arbitrary tradeable computation in proof of work
- AlexCoventry 15y agoAbstract: I describe the design of NooShare, a decentralised ledger similar to Bitcoin with the novel feature that its proofs of work are iterations of essentially arbitrary Markov-Chain Monte-Carlo (MCMC) chains, the scheduling of which can be purchased using the currency itself. It is a novel economic basis for sharing fallow computational resources. I've given serious thought to this problem, but I am by no means an expert on any aspect of it, and I welcome all critical feedback on all aspects of it.