Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

Please please please take this conversation to another venue. It has little to nothing to do with this movement. Joe On Fri, Nov 2, 2018 at 18:15, geni wrote: > On Thu, 1 Nov 2018 at 07:23, James Salsman wrote: > > > > Geni, it's the "Day of the Dead" now so I want to attempt to resurrect > >

Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

On Thu, 1 Nov 2018 at 07:23, James Salsman wrote: > > Geni, it's the "Day of the Dead" now so I want to attempt to resurrect > this thread. > > Is FoldingCoin still vulnerable to a 51% attack? What is a 51% attack? You've had 6 months to do this basic research. > Do you think it is reasonable

Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

Hey all, The Wikimedia Foundation does not hold cryptocurrency in Bitcoin. Whilst we do accept bitcoin donations, this is currently done indirectly via BitPay which converts from Bitcoin/Bitcash to Dollars prior to receipt. This is documented on our Ways to Give page:

Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

> Is FoldingCoin still vulnerable to a 51% attack? It's still highly vulnerable to a 51% attack because there is literally no way to combat the basic principle without giving up on the idea of decentralization. > I don't know anything about FoldingCoin and whether it is more or less >

Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

Hey, For once, I'll make this one short : I agree, let's stay away from widely fluctuating, purely fiduciary, resources-hogging (and no, FLDC does *not* rely on "clean electricity", it's still an energy hog like the lot of them), crypto-currencies. And while we're at it, pretty please, let's also

Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

I think any involvement in it is nonsensical and nobody should entertain any of these ideas for a moment. - d. On Fri, 2 Nov 2018 at 16:42, James Salsman wrote: > > David, what if the Foundation converted their next largest bitcoin > donation over some set amount to foldingcoin, and then cash

Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

David, what if the Foundation converted their next largest bitcoin donation over some set amount to foldingcoin, and then cash in a press event designed to educate cryptocurrency enthusiasts that they don't have to be as destructive, strictly as a principled stance against bitcoin's waste of

Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

worth noting again that in my (I am paid to have these opinions now) professional opinion, nothing about cryptocurrencies is good or useful, and WMF's involvement should proceed precisely as far as taking donations at arm's length (never touching an actual cryptocurrency). And documenting the

Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

That is a complete useless responds. Bitcoin, Litecoin and all are no piramide games. Sent from my iPhone > On 1 Nov 2018, at 11:57, Gerard Meijssen wrote: > > Hoi, > Bitcoin and its ilk rely on an overabundance of energy. In this day and age > the speculation of these "currencies" is

Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

Hoi, Bitcoin and its ilk rely on an overabundance of energy. In this day and age the speculation of these "currencies" is irresponsible. The best attack on this pyramide game is to stay away from it. Thanks, GerardM On Thu, 1 Nov 2018 at 10:38, Robert Rohde wrote: > > What is a 51% attack?

Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

> What is a 51% attack? A 51% attack is when a single malicious entity controls >51% of the computing power being used to validate the blockchain of a particular digital currency. Blockchain-based digital currencies rely on a consensus of computing participants acting in good faith to verify

Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

Geni, it's the "Day of the Dead" now so I want to attempt to resurrect this thread. Is FoldingCoin still vulnerable to a 51% attack? What is a 51% attack? Do you think it is reasonable for the Foundation to convert bitcoin to FoldingCoin as part of its program to source clean electricity? Best

Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

> Cryptocurrency. If your first thought isn't "how could a scammer > exploit this" you are doing it wrong. I've thought about that for several hours now, and I'm sure scammers far prefer bitcoin. Folding@Home's lab director is a partner Andreessen Horowitz, so he has certainly had no lack of

Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

On 12 April 2018 at 14:50, James Salsman wrote: >> Only works if most people aren't trying to scam you > > What else works that way? > Thing where most people don't have money on the line. Its Cryptocurrency. If your first thought isn't "how could a scammer exploit this" you

Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

> Only works if most people aren't trying to scam you What else works that way? > you'd need to get Bitpay to accept FoldingCoin in this arrangement https://twitter.com/jsalsman/status/984428258530705408 On Wed, Apr 11, 2018 at 4:39 PM, David Gerard wrote: > On 11 April

Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

On 11 April 2018 at 22:56, geni wrote: > But the foundation wants actual money (US$ mostly). Why convert > bitcoin into anything other than cash (which is what it does at the > moment)? in fact, I believe the WMF never touches a bitcoin - BitPay takes in the bitcoins,

Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

On 11 April 2018 at 22:37, James Salsman wrote: > Proof is stochastic, by random audit of submitted results, as I > understand the situation. Only works if most people aren't trying to scam you. Which if you've had any experience with concurrency you will realise is not the

Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

> 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) Proof is stochastic, by random audit of submitted results, as I understand the situation. I'm not sure whether that

Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

On 10 April 2018 at 22:45, James Salsman 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

Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

This is an awful idea. The primary reason the WMF needs to accept Bitcoin as a donation is due to the substantial tax benefits accepting it gives to donors. It is an asset that has increased massively in value, and holders can donate it and deduct the current value from their taxes, without

Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

What would the expected energy savings be of such a move? Accepting more cryptocurrencies may make sense if the foundation can do that in a way that does not take a lot of effort. But to stop accepting bitcoin seems counterproductive to our mission. Chico Venancio Em Ter, 10 de abr de 2018

[Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

The Foundation has been accepting BitCoin donations. Unfortunately, BitCoin is very wasteful in terms of electricity, and is therefore a dirty cryptocurrency. I recommend that the Foundation immediately cease accepting BitCoin, and require donors who wish to donate in cryptocurrency to convert to