Re: PRE [ANN] CureCoin-Fold Proteins, Cure Cancer, Make Money! NOV 16 GPU+CPU+ASIC
One of the purposes of the coin is to give both ASIC and consumer-hardware owners the ability to earn the coin with computational efforts, and allowing it to be merge-mined tends to devalue coins and gives it the stigma of a 'secondary' coin unfortunately. Merged mining is certainly an interesting concept for the currency, but we want it to be both a primary currency and a network of scientific computation
Is there anything innovative about the coin itself or is it just dev coin with the numbers changed? Gridcoin is kind of doing the same thing with BOINC instead of folding but its actually built into the client to adjust the amount of coins someone earns (5-150) based on how much computational power they're putting toward bionic. Neither system seems perfect yet, hopefully we see something like XPM but useful in the future.
Gridcoin's hard-coded block reward is pretty easily exploitable, a quick change in the way the code detects BOINC would give max coins every time a block is mined. Something like protein folding is nearly impossible to integrate as a central proof-of-work simply because, while they do take lots of computational work to complete, also take a large amount of computational work to confirm, so the network would be slowed down. This coin is built around a split folding/mining system. Also, a folding solution or POW built into the blockchain would cause the coin to be nearly impossible to add new computational projects to, while the current CureCoin system makes this extremely easy.