Topic: Bitcoiners are unaware. The mining algorithm wasn't designed to advance science. - page 3. (Read 279 times)

You would rather waste as much energy as possible on a mining algorithm that was never designed to solve any scientific problem. I would rather find the most important scientific problem and then use a mining algorithm that is designed to not only solve this scientific problem but also has the required cryptographic properties to secure the network. Sure. The mining algorithm may not be 100% efficient at advancing science. Sure. The mining algorithm may eventually expire since the scientific problem has already been solved or because the current methods of solving the scientific problem may not work so well in the future. This lack of efficiency is better than the efficiency at advancing science exhibited by Bitcoin and other cryptocurrencies.

Using a cryptocurrency with a mining algorithm that is not designed to advance science is incredibly anti-intellectual. This causes people to distrust Bitcoin and other cryptocurrencies. If you come to me and say I AM A BITCOINER, I will immediately distrust you and regard you as a science hater.

I know that this topic has been discussed before, but I am bringing it up again since the cryptocurrency community still needs to learn.

I also realize that Bitcoiners have brought up counter arguments for why cryptocurrency mining should not be used to advance science. Some of these counter arguments only apply to some poorly designed mining algorithms. For example, there are many proposals for using cryptocurrency mining for scientific computation for questionable use cases. We should not care about using cryptocurrency mining for computing Cunningham chains. Most mathematicians have not even heard of Cunningham chains and the computation of these Cunningham chains does little for scientific advancement. Other counter arguments make no sense whatsoever because the people making these arguments simply hate scientific advancement. It is hard to understand anything about anything when Bitcoiners are unwilling to look at specific proposals for using cryptocurrency mining for scientific advancement.