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Quote from: sumgye on May 15, 2014, 05:47:07 AM

I was wondering if anyone's considered hitting this thing from the third angle. We've got GPU's hitting the folding pretty hard. We've got SHA256 ASIC's hitting the mining end pretty hard. What about a multipool so the SCRYPT ASIC's can hit the value end of things? Then all mining hardware could be used to develop and support CureCoin. Just a thought.

We have nothing useful for scrypt asics to do and it would effectively require a hard fork for nothing.

Asics secure network
GPUs fold

Scrypt Asics would be worse at securing the network especially because their are a lot less.
Scrypt Asics can't fold.

No no, scrypt asics could mine at a MultiPool, like BlackCoin's or CinniCoin's multipool. Basically they would mine Scrypt Based altcoins, and the multipool would automatically trade them for CureCoins. It's a proven technique that allows Scrypt miners to apply buy pressure to coins that are otherwise unobtainable for them.

It wouldn't require any change to the wallet or network. The Scrypt Miners literally just buy coins in exchange for their hashpower.

Buy pressure created by these pools is almost none.... I think BCpool last time I looks was creating 7BTC of buy pressure... That is nothing. Those multipools are basically hype machines for people that do not do the math. Sounds like it would work though.

Totally agree. First of all these pools are always associated with sh*tcoins that are desperately looking to create some hype/ fake demand.
Copying an idea for the tenth time just doesnt work anyway. You need to be ahead of the curve just like this coin is to create some value Cool

Can anyone elaborate on a few technical aspects of the coin ?

# If there is no hard cap for the coins how was the 5% premine done ? 5% of ∞ is ? Huh

# How does the " Network balancing" mentioned in the OP work ? How does an increase in SHA256 difficulty affect folders ?

https://docs.google.com/spreadsheet/ccc?key=0AvPoRrj3QF5sdGlxUzdKVVgyaWZvZGlaT195OEFKZmc&usp=sharing

Ok, fact that the coins for the folders were all premined doesnt look so good Undecided

I wonder why couldnt that just be divided between the miners and folders as the coins are minted ?
So essentially one person is in control of ~80% of the coins ? Paying folders is done manually ?
What happens if the developer dies in a plane crash etc and takes the private keys with him ?

Just trying to get some clarity here.

Yeah, that is literally my only concern. I'd very much like to see a hardfork that releases the coins to the folding pool as the blocks are minted, instead of having them premined. I have not a single doubt that the Dev's intentions are honorable, and that, quite frankly, this is his baby and he would never do anything to harm it. But what happens if this coin outlives him? Can we trust the people that follow? Wouldn't it be easier to make the necessary changes to ensure the coin's survival while it's still young?

I'm on board either way. I think this project is too important not to take part. But the premine is an issue, and one that does concern me.

You have to also understand that F@H is not under the dev's control. It's under Stanford University and it has been going on since 2000.

Since folding is not mining and vice versa, you can't just depend on the miners solving blocks and the mining pools giving the coins to the folding pool so that they can payout to the folders.

I can't think of a better system that the dev has already implemented except maybe increasing payouts to twice a day instead of once.

What I was thinking was have each minted block pay 20%(13 coins) to the block solver and 80%(52 coins) to the folding pool wallet. The folding pool wallet would still need to be tightly secured, and payouts would still need to be paid from it similar to how they are now, but there's security in the fact that if that wallet does somehow become compromised or abused then only several thousand coins are stolen before the problem can be fixed. Not 21 million coins.

There's something unsettling about knowing that almost 80% of all the coins that there will ever be is just sitting pretty in a wallet somewhere. It will also make it difficult to check how many curecoins are actually in circulation - because the only way to do that is to exclude that one particular wallet, which is a little unsettling by itself.