Topic: FoldingCoin - New coin that helps science and medicine (Read 17668 times)

Fold ! do some GPU science
or https://masterxchange.com/market.php?currency=xcpfldc
I never tried this exchange

How do i get this coin ? exchange?

Hi all

For those of you not aware, myself & 2 other individuals from the forum have recently taken over the management of EMC2 (Einsteinium coin). I have been asked to reach out to Curecoin community members to see if you would like to join with us in like-minded projects, & promotions that could benefit both Foldingcoin & EMC2? We figured Foldingcoin would be a good place to start as our goals are similar (both being science-related).

At this stage we are operating on a bit of a shoestring, but our lead 'dev' is very creative and has already come up with lots of ways we can promote our coin (including this one, & creating a new website that will initially act as an escrow site for the sale & promotion of science-related goods). Do you guys have a 'market' site for Foldingcoin goods? If so, we could perhaps start by linking to each other site? This is just one basic, simple idea but we were hoping some of you might have more? Do you have a current ongoing project we could assist with perhaps? Have any of you been involved in a crowd-funding project?

It would be great if you could perhaps have a think how we could combine forces in an 'unofficial' way, with no strings attached, that could benefit both yours & our communities and we are open to any ideas or suggestions.

Please PM me if you would like to discuss further

kind regards

im so sad i started folding only now. had so many problems with linux (and linux+AMD). only last 2 days its working almost properly
FLDC 'difficult' skyrocket ...

should have tried earlier. busy with work

this is a very good coin with good idea
it does feel stupid mining other altcoins, which gives nothing with useless calculations

I believe useful things like FLDC is the future of mining
or should be
im a big fan !

Thank you this does help very much, also we are developing uses for this coin http://foldingcoin.net/index.php/meet-ups/ so hoarding them could be a good thing. We grow by the numbers everyday and the interest from the bitcoin community is great. Here is a recent news post from our website explaining some things on the horizon:

"Myself and James have been working overtime on talking with different organizations about FoldingCoin and developing new ways FLDC can help the communities of the crypto world and the FAH world. We cannot disclose many of the details at this point but September is looking like a great month for FoldingCoin. Some things that I can announce at this point are:

Voting for FLDC to get on 2 different exchanges, cryptoine.com and crypto-trade.com

We have our first partner, everyone please welcome Cointelegraph to the FLDC community and please follow them on twitter for up to date cryptocurrency news.

We will be announcing a crowd sale soon to be able to purchase a large amount of the FLDC that our dev team folded early on. All the funds from this crowd sale will be used to help pay for FLDC projects, one big one that we have been working on is finding a way to distribute the coin to FAH members outside of team 226728.

We have been interviewed by a law magazine about the uses of Counterparty in the modern society and the impact that user created assets could do to the financial world. We will send a link to this article as soon as it becomes available.

We have worked hard on finding a way to incorporate FLDC with Meetup groups and have been in contact with various Meetup groups including Coinscrum from London, the largest BTC meetup in the world. We discussed the value in having a crptocurrency used amongst meetup groups and the potential of a coin that can easily be "folded" by anyone even if they do not have and hardcore mining operation. Please follow them on twitter"

To give a little support to the project I placed a bid on the Counterwallet Exchange.

I bid 0.00005 XCP / FLDC.
Since 500,000 FLDCs are generated per day, I priced the project at 25 XCP/day.

I do in no way claim that this is the correct price, and I encourage others to place higher bids.

I do not encourage miners/folders to sell either, as it may be be better to hoard or try to sell at a higher price.

What I do, however, is that I open an opportunity to GPU folders who spend less on electricity than they can sell their mined FLDCs for, to make a profit from participating in the project.

P.S. I will buy only a very limited amount, but I hope others will join in creating some demand for FLDC.

First exchange with official interest, it needs voted in though, please vote here https://crypto-trade.com/voting

Distribution is getting smaller as we are gaining bigger better miners every day. If you look here http://folding.extremeoverclocking.com/team_summary.php?s=&t=226728 you will see we have multiple people producing over 100,000 points a day. Its setup similar to mining to were the more power you have, the more you make and the less everyone else does.

And i have problems with it on linux to, https://foldingforum.org/viewforum.php?f=96 is a good forum place to fix these issues. I got my CPU to work on linux, but not my GPU

I didn't why in my computer FAH count 1 in every 2 WU finished. My computer has finished 6 work units, but i saw only 4 WU counted and 1270 points earned.

And I thought, the distribution is too small, I've got 77, 33, and 35 FLDC from WU I finished.

anyway its a very nice idea
but on linux F@H sucks
I don't know why but my WU are stuck many times at 100%

boinc is working better for me, and some projects can use my laptop's nvidia

http://letstalkbitcoin.com/blog/post/foldingcoiu a blog with a great description

No, this was a folder from CureCoin that wanted to try us out to see if he liked us. He did not stay with us he was one badass cryptominer though. I did find a post of his:

https://bitcointa.lk/threads/ann-curecoin-is-launched-5-10-2014.312266/page-131

He is Aboy68 and he was foldind with us when no one else really was yet and we were very new. He does about 3 mil a day at CureCoin, so he is 5% of their network (roughly, dont know his CureCoin name)

Is this some kind of premine ?
http://fah-web.stanford.edu/cgi-bin/main.py?qtype=userpage&teamnum=226728&username=176QqdejGLiUuWowY4fMiyQ9WksxpbMvDe
and no active clients in the past 50 days

Thank you A couple more great things about using CounterParty instead of a traditional AltCoin is the fact that you can implement holder voting system. What this means is when we want to make a big change to the concept of the coin, we can distribute a different coin called "FLDCVOTEI, FLDCVOTEII, FLDCVOTEIII, ext" that will be given to you for each of your FLDC. So if you hold 345.2 FLDC, you would receive 345.2 FLDCVOTE coins whenever we run this.

What would the voting be for? Anything that the community would want. A couple examples of things the community has asked me about is why we decided to distribute 500,000 a day and never half this? We feel that this makes it more fair throughout its entire life, also after 5 years of helping the program, we feel the next best thing could potentially be out there. But with voting, it doesnt have to stay that way. The community could vote by simply putting their "FLDCVOTE" coins into an address thats say "Yes half this at the coins half/life" or "No keep it how it is" or they could even have another address with a completely different approach others could vote on like "Yes half every 2 months."

Another good example is the fact that Ethereum is getting a bunch of press right now as being the future of Bitcoin 2.0 and I love Ethereum, i am invested in some. So folks ask me why didn't we wait? Well we wanted to get off the ground sooner than later, and with the counterparty protocol we knew that whenever Ethereum does release, a simple "FLDCVOTE" coin could be distributed to the holders asking, ok this address is "stay on counterparty" and this address is "move to ethereum" and the last address is "wait for Mastercoin". Then lets say Ethereum was choosen, we would hold a FLDC burn on CounterParty until the end of time. So if some users are not aware of the switch, there FLDC in CounterParty could still be transfered to the FLDC in Ethereum at anytime. And we could still use the same exact address from CounterParty because Ethereum is also on the blockchain. So when the user sees that they are not receiving FLDC anymore in CounterParty, they will learn of the switch, and import their wallet private key to Ethereum, and they will see that they still have been earning coins.

Once again since we do not need to focus on the coin, we can focus on the features and uses. In order for these AltCoins to take off they MUST have a real world use, or they will be "pump and dump" or simply forgotten soon. We are trying to implement this as a MeetUp.com currency, i cannot disclose the details at this time, but we have several skype meetings with BTC meetup organizers. This is just the first idea of many we have for a use case for the coin but this one is the most receipted at this point and the most realistic, so this is the one we are putting our focus on. This would also help FAH adoption because if you can spend FLDC at MeetUps and help create medicine at the same time, well everyone will be folding

Completely agree.

You did a great job. Thanks.

We have been working on getting on exchanges. We have had skype meetings with two different exchanges that see the potential in our coin and Dev team.

As for the issue of having your own wallet, we dont see this as a problem. Since we are built ontop of Bitcoin and CounterParty we will expand with the future products that CounterParty releases. Also this makes for easier integration with Bitcoin wallet services since we share a blockchain.

Another advantage of not having our own chain is the fact that we can spend more time developing uses for the coin rather than stability of the coin since this is covered by the Bitcoin miners and Dev team.

And we have worked extra hard to make sure not to bad mouth CureCoin. They are the original and we respect the idea. We feel the advantages of Bitcoin 2.0 technologies overcome alot of the issues that Altcoins have had in the past. And since we do not have the overhead that CureCoin has another benefit is we do not take any off of the top like they do. Also we do not have to support SHA256 miners, those miners can continue to focus on securing Bitcoin, the most valuable coin of all. If you want to talk about the differences of CureCoin and the advantages they have to offer thats fine, i would be glad to talk, but i ask that you dont start with "dont waste your time on FoldingCoin" as this is not needed.

Blockchain tokens are the future of altcoins, not 300 individually developed wallets that no major players have any plans to create everyday useful apps for. Counterparty, Ethereum, and Mastercoin offer these everyday plans though.

Don't waste your time on Foldingcoin

Join us at Curecoin:

1) you can trade curecoins on 2 exchanges Bittrex & Poloniex
2) we have 10x more users if not more (Curecoin vs foldingcoin stats see http://folding.extremeoverclocking.com/team_list.php?s=&srt=5)
3) Dev of curecoin is working on curecoin 2.0
4) Curecoin is the original coin

Join US
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For those unfamiliar with Curecoin 2.0, it’s the next-generation cryptocurrency our team is currently working on. To clear up some confusion, I’d like to quickly revisit some frequent concerns:
-> Yes, all Curecoin 1.0 (the current version of Curecoin, which you can earn today by folding) will transfer over to Curecoin 2.0 in a 1:1 ratio.
-> Yes, the new Curecoin 2.0 will have a similar mintage schedule, though it won’t be identical. At most, we’re talking about a 5-10% change in either direction, and there will be community discussion leading up to this.
-> We are not yet decided on if/how Proof-Of-Stake will work in the new currency, but all current PoS mining rewards will transfer over to Curecoin 2.0, of course.
-> The codebase is entirely written from scratch
-> Binaries for all major desktop platforms (Windows, Linux, Mac OS X) will be available at launch
-> Certificate delivery will be at the discretion of the issuing authorities, but will be subject to community/developer approval and testing
-> A testnet of cc2.0 will be available before release for public testing
-> Development will be more public when we get into the interesting portions of cc2.0, right now we’re just recreating existing cryptocurrencies with minor changes tailored to what we’re specifically building.
-> Addresses will most likely be based on Merkelized Lamport Signatures. This prevents against quantum computing attacks.
-> There will most likely be no ‘mining’ element of cc2.0–all computational power put into the system will be doing actual scientific computational research.
-> If there is to be a method of mining, a Proof-Of-Capacity (Check out Burstcoin) may be a candidate, as it is low-energy, serves the same purpose, and doesn’t interfere with computational power going to research.
-> All undistributed premine (which currently pays out to the folding pool) will be destroyed, as it will no longer be needed.
-> Dev funds will be switched from a premine model to a block subsidy model. Dev funds already paid out will transfer as normal coins.
-> Certificate blockchain will require all full nodes to keep a full blockchain, though future work could be done to create distributed clusters of peers who, when combined, hold the blockchain with parity.
-> Merchant integration will be made easier with a set of easy-to-use ActionResponse listeners, where you tell the client ‘do xyz when

gets ’ or something similar.
-> Blockchain scripting will be much simpler and less advanced than Bitcoin, in order to save space, and prevent piggy-backing + blockchain bloat.
-> Transaction messages will be constrained to a traditional ASCII set.
-> The Curecoin developers will only be holding their personal coins, as the new system will distribute coins in a decentralized manner based on computational work.
-> Yes, folding (or other scientific computation) pools are possible, and will be made easy due to the design of the certificate system.
-> The GUI will either include a blockchain explorer, or a downloadable blockchain browser will be a separate application, available upon release.
-> Thin client mode will allow a user to run one internet-connected node, and then use other ‘thin clients’ which sign transactions locally, and then proxy those transactions through the live node.
-> Both a GUI and a command-line daemon will be available upon release for all major Desktop OSes.
-> Adding a university or other research institution will involve both dev consensus and community agreement, as per forum discussions.
-> Research institutions interested in participating in Curecoin 2.0 will need to be doing research which, when completed, is released to the public in full. Most distributed computational networks fit this requirement.
-> Significant community interest in an institution which doesn’t strictly adhere to the above guidelines may be considered, depending on conditions.
-> The inherent motive to behave badly as an institution which is enabled to sign certificates will be reduced by the potential of balance-based voting to remove or suspend signing authorities.
-> Block time will likely be reduced to the 2-5 minute range.
-> ASICs will no longer be useful on the Curecoin network.
-> A certificate’s ability to mine a block can only be determined by the person putting computational work into the network, and not by the issuing authority.
-> All mintage will be most cost-effective on consumer hardware.
-> If New York Bitlicenses both pass and require licensing for Curecoin, Curecoin will simply refuse use for New York citizens, and make a good-faith effort to prevent New York citizens to download or participate in the network.
-> We have no idea what exchange rates will be at release or after release of cc2.0. Investing in cryptocurrencies is high risk. Be careful. Be smart.
-> The only premine will be done for cc1.0 to cc2.0 conversion in a public manner.
-> During the infancy of the currency, it may be troublesome for research institutions to integrate certificate signing. We would be more than happy to help with implementing such a system. Additionally, if a research institution desires to start distributing work but does not have a means of signing certificates, we can act as a temporary signature authority. After a few months of the cc2.0 network running in a stable manner, the goal is for the Curecoin devs to not have any signature authority, nor have access to any private keys for creating signatures for certificates. Ideally, this will be the case from the start.

 

Curecoin 2.0 is rolling into development full-steam-ahead, though the final product is still quite a ways off. I have been working on finishing up the networking aspect of Curecoin 2.0, and the next job to tackle will be blockchain formatting and structure. After that, we’ll establish the standards for certificate creation and verification, flesh out the remaining portion of under-the-hood code, create the GUI (which will likely wrap around the daemon), and create the block explorer.

The P2P networking aspect of Curecoin 2.0 is very similar to existing currencies. Clients can connect to known nodes (which are hard-coded in, and can be added manually by the user) to acquire additional connections. Anyone behind a firewall will have limited connection abilities, as is present today in Bitcoin. Peers constantly chatter about network status, unified time synchronization, etc., and will automatically prune their peerlist for the lowest-latency peers, constantly replacing high-latency peers. In this way, the network automatically optimizes itself for the amount of time taken for all active, healthy nodes to encounter new blocks.

Difficulty retargeting for certificates will be based on a standardized distribution of recent block timestamps weighted for more recent blocks to have more pull.

On release, the devs will provide a number of low-latency, geographically-distributed initial sync nodes on high-performance networks. Blockchain syncing will involve downloading large chunks of the blockchain from a low-latency, high-bandwidth peer, and then verifying hashes and signatures with arbitrary peers.

How to buy/sell

Interest to this project, and i have been folding since yesterday. 

There are no orders.