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Topic
Board Announcements (Altcoins)
Re: [ANN][GAP] Gapcoin - Prime Gap Search - New Math Algo - CPU / GPU - Zero Premine
by
PeterTheGrape
on 25/06/2018, 02:06:53 UTC

Indeed. Gapcoin's value is undoubtedly, backed by Math ...  Cool

We can assert that all prime gap records attained by Gapcoin do add to the value of the entire blockchain.

However, this perceived relationship between proof-of-work and value is somewhat unquantifiable in reality.

In terms of Gapcoin, if we consider 'the block' which currently holds the record for the prime gap of maximum known merit - do said coins at this address hold a value above other coins on the chain? In reality, probably not. Things are only worth what someone is willing to exchange them for at any given time. Moreover, auctioning the private key / wallet for the address also carries 'risk' for the buyer, detracting from value or worth.

If we consider transfer of said coins, in this regard, then the only real claim of additional value is perhaps linked to the origin of the coins. It has been asserted already that Bitcoin's of a known questionable origin (or tainted coins) may carry an (actual or perceived) reduced value over coins produced by new blocks or those with a determined 'clean' origin. This concept was developed in Zcash where "All coins are created equal.", due to the ability to hide the origin of coins via shielded addresses.

TBH most folks considering or using Gapcoin as a currency probably won't really care a jot in this regard, in exactly the same way that most users don't know or don't care about the cryptography which underlies Bitcoin.

You are 100% correct though. Gapcoin has two products! Gapcoin's and Prime Gap records ...

In fact, this blockchain has real Agency - https://en.wikipedia.org/wiki/Agency_(philosophy)

...

- https://cointelegraph.com/news/you-can-t-ban-blockchain-it-s-math-a-talk-with-jimmy-wales

Cryptocurrency is not a boat.
Your right to Entropy - https://en.wikipedia.org/wiki/Entropy_(information_theory) - (your right to be unpredictable) is not a boat ...

... boat, boat, boat, boat, boat, boat, boat, boat, boat, boat, boat, unicorn, boat, boat, boat ...

I understand your point but the real answer is that as long as people are scratching for 'money', rather than commodities, it is hard to redefine 'currency' as a commodity and distinguish between nonproductive currencies like fiat, bitcoin etc and productive currencies like math coins, for most people.

As for addnodes https://chainz.cryptoid.info/gap/#!network always has current nodes e.g.
addnode=104.207.158.149
addnode=104.236.168.125
addnode=106.226.77.104
addnode=108.170.1.134
addnode=109.245.35.136
addnode=113.195.30.114
addnode=117.163.224.99
addnode=117.163.227.164
addnode=118.212.39.226
addnode=138.197.159.202
addnode=138.68.172.174
addnode=139.18.122.9
addnode=139.59.103.137
addnode=139.59.57.170
addnode=148.251.16.180
addnode=153.126.210.34
addnode=172.104.85.43
addnode=172.104.88.43
addnode=182.84.19.90
addnode=188.134.72.213
addnode=193.233.60.184
addnode=201.190.235.165
addnode=212.19.17.213
addnode=217.175.119.125
addnode=217.8.92.48
addnode=23.100.8.94
addnode=37.139.15.251
addnode=45.32.246.15
addnode=45.32.36.228
addnode=45.63.84.31
addnode=45.76.140.157
addnode=62.193.158.46
addnode=73.114.131.4
addnode=77.37.192.38
addnode=82.79.34.116
addnode=88.91.78.109
addnode=91.152.121.223
addnode=95.134.24.99
addnode=95.134.51.27
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