Re: [PRE-ANNOUNCE] Permacoin Implementation on Top of Scorex

Quote from: kushti on January 14, 2016, 03:57:58 PM

Few brightest minds in cryptography proposed how data archiving could be incentivized and used instead of Proof-of-Work via Proof-of-Retrievability http://www.coindesk.com/cryptocurrency-mining-help-archive-societys-important-data/ (academic paper: http://cs.umd.edu/~amiller/permacoin.pdf ).

Warning I as AnonyMint proposed this in mid-2013 and referred to it as Proof-of-Storage. I also discovered it was fundementally flawed. If you continue, you will be wasting your time. Eventually I will come back and explain to you and Andrew Miller PhD why this is flawed.