Topic: [ETI] Etica - A cryptocurrency for Open Source medical research - page 5. (Read 1928 times)

If you have constructive remarks about the protocol and how it works wheither it's positive or negative please feel free to share and I'll be glad to answer

Big happenings here are expected by the end of august. We are on track for a large shift in adoption of low tier crypto garbage. People are expected to be tempted to buy big on funky craps for the kicks of it. With a lot of craps listed on low volume exchanges this one is the latest u would invest in even if u a habitual garbage collector.

People are free to copy Etica to the same degree they are free to copy Bitcoin or Monero. Though being the original project Etica should benefit from the same advantages that enabled Bitcoin or Monero to make forks irrelevant.

Etica creates a financial incentive to make open source research, anybody is free to make the research and submit proposals. In my opinion the first participants are not likely to be professional researchers but students or self taught individuals. But with time as the quality of proposals increase, more and more professional researchers will eventually join these other types of researchers. The quality of proposals should increase overtime because of the open competition the protocol creates. In fact each week the protocol issues a fixed amount of ETI, the more people will compete for these ETI the higher the quality of their proposals will have to be to be rewarded

Hi,
We had a brief interruption on mining pool server today due to surge of shares on mining pool. The interruption took place between 2pm and 5pm Paris time. Situation is resolved please try again.
Otherwise it must probably be a url issue. Make sure you use this url http://eticapool.com:8080 (if you have low hashrate) or http://eticapool.com:8081 (for higher hashrates).
Also in case someone using soliditysha3miner has similar issue I want mention that for soliditysha3Miner some miners have reported that they had to remove http part and use eticapool.com:8080 or eticapool.com:8081

Let me know if this doesn't solve your issue

If there will be no intellectual property attached to your medical research, would it be prone for other people to copy your concept or idea? Are you okay with it? And who are the people that will conduct your medical research? Do they have the qualifications to handle the job?

I have configured Cosmic Miner as required. Only gives this message in miner.
Error getting parameters from pool. Please check your network connection, pool/pool url and port.
Network error occured contacting the pool.
Network worker stopped.

I have connected Etica to metamask.

Whitepaper:

https://www.eticaprotocol.org/viewwhitepaper

What is Etica?

Etica is the first cryptocurrency for Open Source medical research without intellectual property.
The whitepaper was published and sent to original Satoshi Nakomoto mailing list in October 2019 (https://www.metzdowd.com/pipermail/cryptography/2019-September/035372.html).
Etica blockchain started on april 17th 2022 and until now all social activity has taken place on reddit r/etica but we think we should definitely also have a bitcointalk thread for Etica.

Main features:
Etica has its own blockchain. It is a proof of work blockchain, Etica is a fork of Ethereum Classic but it started its own blockchain from block 0.

Only one smart contract:
Etica blockchain aims to have only one smart contract and to devote its whole blockchain to the precise use case of the smart contract which is Open Source medical research. So basically imagine a blockchain with the calculation capacity of ethereum but with only one smart contract dedicated to medical research and you have Etica.
Having only one smart contract enables Etica to be scalable from day one as the current capacity of ethereum technology is more than enough for Etica use case.

Neutral Protocol:
Etica is a neutral protocol like Bitcoin and Monero as once launched the network is completely decentralised and secured by proof of work. Currently Etica has same mining rules as the ones created for Ethereum but once we have enough technical expertise we would like to implement RandomX to secure the blockchain if that's technically possible.

2 cryptocurrencies:
There are two cryptocurrencies associated with Etica protocol.
The first one is Etica (ETI) it is the cryptocurrency of the protocol issued by the smart contract. The initial supply is 21 Million ETI and will be mined at a rate of 2.1 Million ETI per year for 10 years.
Once initial supply of 21 Million ETI has been reached there will be a fixed inflation rate. The final fixed inflation rate  (that should start in 2032) will be decided by community once there are enough people in Etica community to make that decision but a maximum limit of 2.61803% has been fixed. Indeed the maximum inflation rate that community could chose is 2.61803% so that early investors can have clear vision and most importantly ETI can retain its value over time.
The ETI inflation enables Etica blockchcain to financially reward open source medical research.


The second one is EGAZ, it is the equivalent of Ether on ethereum. It is used to secure the blockchain and pay for transaction fees on the Etica blockchain.


How it works?

Webpage explaining how the protocol works:
https://www.eticaprotocol.org/eticadocs/howitworks.html

Mini website with dedicated sections explaining:
How to run a full node, how to mine ETI, how to interact with Etica through webapps, how to use Etica command line (Etica CLI)
https://www.eticaprotocol.org/eticadocs/index.html


Blockchain explorer

https://www.eticascan.org

Mining Pools

http://eticapool.com:3000

Source code

https://github.com/etica

A web app connected to Etica

https://www.etica.io

Reddit

https://www.reddit.com/r/Etica

Discord

https://discord.gg/KdEYRhSdVG

Exchanges

Etica is not listed on any exchange yet (we would like to be listed on TradeOgre and we are currently waiting for reply)

Current Core team

Etica was initially launched with only one core team member but people with strong belief in the project have emerged from reddit and I'm going to propose them to join Etica as core team members. If other people emerge from discussions on bitcointalk as well they will be invited to join Etica core team as well


Whitepaper extract: (https://www.eticaprotocol.org/viewwhitepaper):

Etica: A type1 civilization neutral protocol for medical research

Abstract. . A purely neutral protocol for rewarding medical research would allow greater
efficiency and the sharing of early stage medical discoveries without intellectual property. Open
source research can make medical research more efficient and faster but its benefits are lost if
intellectual property is still required to incentivize research. I propose a solution to the
intellectual property dilemma by creating a neutral protocol that encourages   multiple parts to
take part in a decentralised medical research process without any intellectual property. The
protocol is based on a privacy voting system in which token holders can submit proposals. The
proposals are scientific articles oriented towards a specific disease. The protocol institutes   a
nash equilibrium for each disease to incentivize the publication of researches that could lead to
medical treatments. Proposers and voters are rewarded or penalised depending on the
outcome of the proposals’ votes. For each proposal the approval choice is considered as
the right choice if it gathered more votes than the protocol’s  threshold. This threshold is readjusted
by the protocol every 5 weeks depending on the ratio of approved and rejected proposals. If
the voters tend to approve too many proposals then the protocol’s threshold is raised, if on the
contrary the voters tend to reject too many proposals then it is decreased. Users have to vote
upon proposals based on their inherent properties, they can’t see other users’ votes thanks to a
two step voting system with privacy. The protocol impels off-chain communications between
token holders about proposals usefullness. Organisations based on a specific disease or group
of diseases are likely to emerge in order to provid token holders with relevant information and
analysis of proposals through forums and dedicated website explorers. Etica aims to become
the neutral protocol on top of which the next generation decentralised communities will
organise themselves and gain expertise to discover medical treatments without intellectual
property.

Feel free to engage conversation, ask any question you may have about Etica (there are no dumb questions), make positive or negative remarks