> 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 understanding is
congruent with their whitepaper, but that's the only way I can figure
out how it could work with intelligibility remediation tasks.
Improvements to the encyclopedia is a harder problem than attempted
pronunciation or transcription.

In regard to the earlier responses, I the Foundation should offer to
convert Bitcoin to FoldingCoin for those who wish to contribute
Bitcoin.

Best regards,
Jim


On Wed, Apr 11, 2018 at 3:24 PM, geni <[email protected]> wrote:
> On 10 April 2018 at 22:45, James Salsman <[email protected]> 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
>
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