On 10 April 2018 at 22:45, James Salsman <jsalsman(a)gmail.com> wrote:
The Foundation has been accepting BitCoin donations.
Unfortunately,
BitCoin is very wasteful in terms of electricity, and is therefore a
dirty cryptocurrency.
They all are. The only difference is that bitcoin is Asic mined so
doesn't directly drive up the price of graphics cards.
I recommend that the Foundation immediately cease
accepting BitCoin,
and require donors who wish to donate in cryptocurrency to convert to
FoldingCoin instead. Please see: FoldingCoin (FLDC)
FoldingCoin is the one where you give fake results to Folding@home
(since the maths is NP hard there is no real time way to check if your
results are real or not) in return for tokens that have little in the
way of actual value.
This conversion will place the Foundation at the
forefront of
cryptocurrency technology,
The forefront of cryptocurrency technology is coming up with new and
exciting ways to scam people. The Foundation should not be getting
involved.
As other cryptocurrencies based on proofs of useful
work
instead of useless work emerge,
Is gaming a Proof-of-Research useful? Because if so Gridcoin exist. In
theory burstcoin could be used to provide archival storage although
there are a bunch of ways of doing that without driving up hard disc
prices.
the Foundation should consider those.
FoldingCoin is based on proofs of useful prediction of protein
folding,
No it isn't. The problem is it is based off the old folding@home which
works on the basis that most people aren't trying to scam the system.
If FoldingCoin ever became popular that would no longer be the case at
which point it becomes proof of results given to results to
Folding@home with no requirement that those results be real.
--
geni