Re: [ANN] Philosopherstone - PHS - A new PoW/PoS coin | launched! | No Premine
by
Odysseus
on 29/07/2013, 01:14:44 UTC
Stuck on block 687.
Post
Topic
BoardBeginners & Help
Re: Is it worth starting mining in October/November 2013?
by
Odysseus
on 30/06/2013, 17:01:53 UTC
If nothing else, you will accrue experience in the assortment of hardware and software problems associated with mining. This experience can help inform efforts in mining alt-currencies, or assist in more ambitious enterprises, such as ASIC mining.
A miner on one of the other consortia asked me what I thought of a proposed 'karmacoin' in which instead of hashing to authenticate transactions, your miner program was doing something more genuinely useful. I replied that i) I thought it a bad idea to make up more YetAnotherBitcoinClones ii) I liked the karma idea and proposed that for public benefit tasks such as following asteroid paths or ridding the world of malaria, perhaps stratum and bitcoin mining consortia would have the right infrastructure to share out a problem amongst thousands, and distribute payment for subroutine completions (not hashes, since most tasks are not hashing). That would need a generous benefactor to put 1000 BTC on a problem from time to time, and it would need some transparency so that the public can see that they are not computing the most economical way to smash an asteroid into the pentagon. That would gain the benefactor massively parallel processing power so might be suitable for certain classes of task which suit that degree of parallelism.
What do others think? Would it be better to install new code to do karma tasks for bitcoin than to have a new karmacoin? Would you want to connect in to processing tasks at an existing bitcoin mining consortium? Should effort shares be counted and rewarded in Bitcoin, or would people not need those to help out with a problem?
This suggestion seems like the next step in cryptocurrency evolution. Once a sufficient supply of established cryptocurrencies have been mined, they can be redistributed to solve computational problems. This way miners can utilize existing capital, and sustain velocity in the currency.
Post
Topic
BoardBeginners & Help
Re: Selling Jr. Member Account @ $2 per account
by
Odysseus
on 30/06/2013, 14:43:35 UTC
What is the purpose of the establishing a unique identity via time-logged and post-count if one can just purchase these token gestures?
Post
Topic
BoardBeginners & Help
Re: Trust System
by
Odysseus
on 30/06/2013, 00:49:24 UTC
What about a linkable ledger that would show the cash value/BTC for negative-trust transactions? This might be a way of exposing any long cons.
Post
Topic
BoardBeginners & Help
Re: Trust System
by
Odysseus
on 30/06/2013, 00:45:03 UTC
Superb idea.
Would it be possible to use a client or app to couple a completed transaction with an issuance of a trust rating? I'm envisioning a sort of automated +1 for successful exchanges.