Topic: [Idea] Coin to solve real-world challenges (Read 844 times)

orbitcoin calculates scams...

Go for curecoin and their folding at home?

CureCoin for the win!
Check out this post on how to join the team/pool: https://bitcointalksearch.org/topic/anncurecoin-beta-pool-test-user-limit-lifted-lets-hit-the-mile-stone-1200r-261521.

Despite being such a new team, we're already within the top 1/2 of one percent of all folding teams! AND IT'S STILL JUST A BETA!

Yes, that's the point... exactly...

So, CureCoin but instead of Folding@Home, WorldCommunityGrid?

Thanks for the ideas/replies... I don't know the complete specifications of CureCoin, but coins like PrimeCoin or OribtCoin has specialized algorithms. As far as I know, CureCoin's topic is about proteins, cancer and so on, but it's algorithm is fixed. What I want is similar to BOINC - one currency/coin and multiple (completely different) challanges. The first day your miner runs for medical challenges, the second day for astronomical things, next day for mathematical problems and so on... It's nearly impossible to create a coin for each real-world challenge.

+1

Orbitcoin not calculating anything. They allegedly want to support some mostly pseudo-scientific researches.

orbitcoin is a scam

SEVERAL COINS HAVEE AIMED TO DO THAAT THE FIRST BEING DEVCOIN TO PROMOTE scholarshiip,
primecoin calculates prime im pretty sure orbitcoin calculates asteroid orbits\
curecoimnnn iss being developed

Yep I was going to say.  What your looking for is Curecoin.  Join their Folding@home team, and start folding.  Right now you will be awarded with various alt-cryptocoins, but they are working on creating a coin that will somehow hash for Folding@home and are working on getting BOINC working from it as well.  If they manage to pull it off, I expect great things from them.

look up primecoin and upcoming curecoin for answers?

The problem is you have to find a "puzzle" that fits right with the requirements of a crypto-currency.

• Puzzle should be hard to solve
• Puzzle solution should be easy to check
• Puzzle should provide a difficulty scaling (and it should be continuous)
• Puzzle should be unique for each block (no previous solution, or anticipated calculus)
• Puzzle solution should not be too large, to not clutter the block-chain
• Puzzle should not depend on an exterior puzzle provider (this one can be discussed, but it' because otherwise it would bring a single point of failure)

There may be other constraint I didn't saw, if some real coin creator could add to this list.

Why is there a need for a coin here if profit is not intended?
http://folding.stanford.edu/ is all that I need.

Hi folks,

at first, I've to say sorry for my bad english, but I hope you can understand my explanations . Yes... now, why I'm here? I'm here to discuss my idea for a new coin. Many people may think "oh man, not again...", but I think the world needs this new coin. Before we're talking about the specifications and the ideas behind the coin, let's talk about all other coins....
We've Bitcoins, we've Litecoins, we've YaCoins, DigitalCoins, Diamonds, Starcoin and many many other coins. New coins are started each week, mostly based on scrypt-algorithm and mined until they're unprofitable. Sure, that's fine, but why are we doing this? There might be different answers... some people mining because of speculations, other because they want save their money because of inflation and other because they simply need it (e.g. for transactions) or trust in cryptographic currencies. There're probably more answers, but that's enough yet...
But does anyone already thought about the real profit of mining? What I want to say is: We're simply mining for money and nothing else... when we go to work, we do this because of the money and because we're doing anything for the civilization - for other people. But mining any cryptographic coin has no profit for our real world. For instance... the intention behind mining a coin is to solve a puzzle (simply explained), but it doesn't help to solve any real-world problems. That's the idea behind the coin I'll explain in the next few sentences. Someone might already heared about BOINC. That's a software for distributed computing and helps to solve real-world problems like medical challenges (RNA-analysis to fight HIV/AIDS or fighting Malaria or similar diseases), climate sutdies, physics, mathematics, astronomical and other challenges.
What I want is a coin that is mined to solve such challenges. That's not only great for our civilization. It's also great for our mining hardware because many projects having different requirements, thus for one project we can use ASIC miners, for the next GPU and for others our CPU or probably FPGA-power. You don't need specialized hardware that is worthless after reaching the maximum coins...
Using BOINC you can already collect points by solving problems, but these coins are mainly used for hit lists or something else. Thus, you can't send them to another user, but the idea fits exactly the sense behind mining BTC, LTC or something else. You're getting coins for solving a small piece of the puzzle...

I'm currently thinking about (better: analyzing) such a coin and how it could be implemented, but I'm currently not directly working on an implementation. What I want with this topic is feedback... what do you think about a coin as described above? Anyone interested or having more ideas? The problem I'm currently facing is the limitation of such a coin...

Edit:\\ I don't know if this is the correct section for this topic. If not, please move this topic to the right place