Topic: PRE [ANN] CureCoin development continues.... - page 18. (Read 94916 times)

I don't get how that 45% the coins are emitted.

Thank you for your answers Vorksholk and Cryptobullion.

Let me clarify my position: I don't mean the currency will not work anymore if the folding payments stop, since as you pointed out, it is still a standard SHA-256 currency when you remove the folding part.
What I meant is that the added-value of Curecoin (vs Bitcoin for instance) will disappear. Of course, you can argue that what has been done cannot be undone. This is true, however it won't be able to generate any scientific value anymore. When this is the case, why would I want to support Curecoin? As you said, what has been done cannot be undone: nothing will be lost if I move on and switch to Bitcoin.

Regarding the payment of folders "going down", I don't mean temporarily, but forever. I don't question your integrity, but I don't like the fact that the possibility is there. I really dislike the fact that a crypto-currency cannot survive without its creators (and with the whole range of features, not just as yet another Bitcoin clone).
If the need ever arises someday, I suppose the community could still come to a consensus to fork the client then, but still.

I don't have the same objections with the centralization inherent to folding. I fully appreciate that scientific work has to be centralized, the most obvious reason being to check it against duplicates assigned to other computers. Moreover, as it was mentioned in the original post, more projects can be added.

When I asked about how the payments of folders are handled, I meant: where are the newly minted coins going? Are they going to a single address that will redistribute them? What if the private key of this address is compromised?
Vorksholkalso wrote:
So, a few questions:
- I sign up on FAH with the username Vorksholk just to troll you. Do you receive your rewards, my rewards (i.e.: 0 because I'm a troll) or both?
- If both, then why wouldn't I be able to register to your folding site with the username "anonymous", which is the username totaling the highest numbers of point on FAH?

Regarding the bloating of the block chain induced by decentralizing the payments of folders, I think it is not a problem. We are just talking about some transactions that will have to be added to the blockchain anyway, regardless of whether they are issued in a decentralized fashion or by the central authority. And if I recall well, the issue of storage of the blockchain was studied by Satoshi in the initial paper. The conclusion was that even without Merkle trees, it would not be a problem.

One more question: is the 50/50 ratio between miner rewards and folder rewards set in stone? My bet is that it will end up rewarding miners more if the coin goes mainstream, since there will be many more folders than miners (everybody has a computer, not everybody wants to invest into an ASIC). More people = less rewards.

I agree. Have you considered PoS instead of PoW ?

the folding pool should go live a day early so people can take time to get going with it. then 24 hours later the rewards start with the asic mining. The pool can just have a reset when the asic mining goes live.

the temp pool that is there right now will that turn into the live pool?

For instance if you have multiple machines would you need to install fah on all and use the same username? or will each one require a new user name to match with the folding pool?  for instance can 10 machines connect to fah with the same user and pass and will that all register on the folding pool you guys are creating?

Awesome, good work sir!

PRE [ANN] CureCoin-Fold Proteins, Make Money, Cure Cancer! NOV 16 GPU+CPU+ASIC - updated the title thread, hopefully that looks ok I still need to go get a morning coffee....

Make money is what is new

Folding@home was already there, and it's a long time that I read some scientist trying to find a solution to have same sucess has bitcoin whith gathering computing power

Maybe this coin would do it (not as much, because there is no folding ASIC, but more than a free project with no financial incentive

Well, team curecoin is definitely attracting some attention at this point.

A couple things id like to point out...

Its mentioned that if the folding payment system "goes down" then the coin is worthless. This however is very much not the case as i see it... let me explain

The system that i started for a folding payout is cloned onto multiple backup servers, and i guess someone just donated a new server to our cause, so... add another to that list.

Maintenance and upgrades, there will inevitably be periods were the folding pool may have to go down for up to 24 hours for upgrades etc.. During this down time points will still accumulate and the system will reward accordingly when it starts back up.

Vorksholk built his own system, completely different from mine, so that if there if a flaw found in my system, that flaw will not exist in his system. If my system is taken down somehow then his will take over.

And most important of all, there will never be a way to undo the research that was created in the wake of this coin, meaning, even if somehow the all the folding payment systems are destroyed, all the research that was done in the mean time will still be part of the coin, and that just cant be taken away.

To answer the post above about how exactly the funds are paid to the folders.. simple, we check with stanford to see if you actually are gaining points and how many, those points are calculated against everyone elses to get a balance for each user, and then those balances are sent to address the user signs up with.

What if FAH just disappears one day ( hello david copperfield )..... simple... i already have the seti plugin built and ready to deploy.....

When it comes to things that can go wrong, there are a few, when it comes to way to fix them, there are a lot, and we have been working around the clock for quite some time now to be sure that all these areas are covered.

Luckily FAH has been standing tall for ~13 years and i do believe they just did a server upgrade to the folding servers not too long ago.

With all the support, a huge dev team, and growing support, i dont think curecoin will be failing. to say the system can "just burst into flames" is a little bit of a stretch too since the coin base itself is SHA 256 POS, so far, sha coins have held up quite well.

As for the identity of cygnusxi being disclosed, there are plans in the works to publish a story about the "journey to curecoin".... Rest assured, you will get your answers. And you will get your curecoins too

wow 3 posts up while i wrote this.. guys the ! is there to be grammatically correct PRE [ANN] CureCoin-Fold Proteins, Cure Cancer, Make Money!

look at it this way PRE [ANN] CureCoin-Fold Proteins, Cure Cancer! Make Money,

! goes at the end of a statement !!!! lol

Good question! The folding, by nature, is fairly centralized. However, we have a great redundant setup. If the main folding pool were to go down, my backup folding pool based on entirely different code (in even a different language!) would snap up and take over the role. If mine were to go down, the CureCoin Dev team could easily make manual payouts until server status could be resumed.

If the folding aspect were to go down, the entire coin as a currency would continue to function in a decentralized manner, folders simply would be a tad inconvenienced when payouts might end up a few hours late. We are also working on having a third level of redundancy with the folding payout servers.

As for the people cashing out other's rewards, the idea is simply that, when you sign up to the folding site, you sign up to F@H at the same time, so you have control over the accounts in both places.

You bring up some interesting points (for anyone who wants to look: http://curecoin.us/index.php?topic=4.0) for a somewhat-decentralized folding payout system, I'm afraid it would cause excessive blockchain bloat though, unfortunately. I'd like to see what the other devs think though.

Yeah, it actually does make a lot of difference!

CureCoin-Fold Proteins, Make Money, Cure Cancer!

Although it could say "Help cure cancer", it works

The point is a tad bit of a satirical jab, but the point is that people can earn money while doing something akin to volunteer work of a sort. The 'Make Money' is emphasized, because it is somewhat of a surprising mix. Making money here is important, if only because it allows folding on a large scale to become a viable option. Most people aren't willing to let rigs run 24/7 with little to no return on their hardware and electricity, so if they can get paid a good sum for their computing power, it suddenly piques people's interest.

Would 'Make Money, Cure Cancer!' be better?

Can you please explain in detail the procedure how folding rewards will be paid to folders?

This looks like a very sensitive process to me, because as I understand it, it is the most centralized aspect of the coin: other research projects could be added into the coin to alleviate the reliance on FAH, but if the central payment system for folders goes down for whatever reason, it takes the coin with it.
Moreover I think one of the charms of crypto is that you put your trust in cold, hard protocol instead of people. No matter how honest and good-willed they are, I just don't feel it's crypto anymore if I have to rely on a handful of people for the system not to burst into flames...

I have exposed an idea on the Curecoin forum to decentralize the payments, similar to how mining rewards work, but that would involve giving a severe pounding on the web servers of FAH, and I have no idea whether they could withstand it or not. I suppose from their point of view it would look like a DDoS attack... Maybe the dev funds could be spent toward supplying them with adequate servers.

I am sorry, this has nothing to do with the authenticity of your "CureCoin". I am sure I will mine it when it is released. I just feel sick when I see "Cure Cancer, Make Money!" in your title. Do you not agree that sounds a tad wrong? I mean, to put an exclamation mark at the end of "make money!" as if making money is the better thing here rather than curing one of the worst killers in the world, Cancer.

Yes, I expect this, and I fear this, I'm a normal guy, a have a lot of good ideas. I'm not really feeling like I'm ready to be interviewed by Big News.... Id rather just contribute my code, and let people know that , yes, I did help lead this project. I don't want to be bothered by the media much. The media companies have a saying, " If it bleeds it reads ". I there for do not care much for main stream media. They display horrible things 24/7, also they have not offered me a small article yet in my hours of emailing news companies about the launch of CureCoin.

Major news networks might not understand my project anyways... reporters could fail to deliver the right specs... etc.  I guess we have to wait and see.

Cryptonerd.co did a nice article for us, if there are more crypto news writers / bloggers that want to help promote CureCoin, please contact me. The dev fund does reward bloggers/ promoters, etc.  The CureCoin team is still not full, thats why the dev fund is set up like it is, to pay people to blog, post, promote. Im only going to claim roughly ~1% to myself as long as i remain the lead dev on the project. My job is to make sure the coin base is secure and front end works well, both of these things im actively involved in. With the amount of time I spend doing these things i do not have time to promote, hence... room to hire promoters with dev funds.

To be very honest, I would put my full address and everything up here right now, if not for like vorksholk mentions... the internet does have its "crazies" . I would sacrifice myself in the name of this project, but my family, i will not put in any danger.

I just sent an email to professor Vijay Pande ( the guy who built the FAH network ), and I asked him if he would be interested in holding the folding fund / dev fund. If he does not accept this offer I'll be filing for LLC status, and setting up clear plan for the fund usage, so that if I were to misuse the funds, ill be held accountable to extant of the law ( and no.. i dont want to go to jail for stealing coins meant to cure cancer ). If the fundraiser could pick up momentum i could easily make an LLC, and rent a very small office building, where anyone could come and visit, and so on. At this point i do not feel safe disclosing my physical address.

If you want the creator of CureCoin to file an LLC right now , send some donations = done... Ive already greatly explored the possibilities of this and feel it is a strong choice. Having something like CureCoin registered with all the new guide lines of cryptocurrency and backed by good lawyers could speed up the idea of having BTC and ALTcoin ATMs everywhere.  

Ive spent countless hours consulting with business professionals of all types, all in regards to CureCoin. Countless hours emailing with lawyers and accountants.

Here is a pivot for the crypto community to think about. Do cryptocoins need to be LLC when they have dev funds? Or is it good enough to let someone like Professor Vijay Pande hold the funds for such a project? Regardless of professor Vijay's response, I might press on with making CureCoin an LLC. This will take the pioneering path of making cryptocoins official and usable with all legal matters in consideration.

Comments welcome ,please no fud... Thanks to the supporters !

 

Ok, thanks for info. I'm looking forward to seeing how long it will take team 224497 to become the strongest folding team on the planet.   

 

Yup, I'm not in control of the project, but I'm quite involved. They are working on looking at their options, perhaps putting the dev funds into the hands of the FAH head-honcho Vijay Pande. They might also establish an LLC to back the system, and establish this is a real company. Coin specs are still a tad up in the air, but they're looking like 32 coins for folders, 32 coins for miners, other 10% reserved fund. Launch will have time pre-announced for sure, and we plan to start with a high difficulty as to prevent insta-mine issues. Retarget is fairly often. All these specs will certainly be announced before the coin release. We may do a pre-download of encrypted zip files of the source code and the binaries, so people can, as soon as the clock strikes time, get the decryption key, and get started!

We still have a few small wrinkles to work out, more information is certainly on the way though.

In my personal opinion you sound well intentioned. However, when you say this " Dev funds for me are undetermined. I don't know what percent of the dev fund I will be receiving"  it makes me think you are not in control.  The person in control needs to be verified and known really. There is no reasonable excuse for them not to be introduced to the community formally if they want control of such a large project.

 

Who came up with curecoin and who will be in control? This is the prime question. I don't think the answer if you don't trust us then don't mine is a good one for devs or miners.

TBH i would have thought there would have been a fully structured organisation behind this, at least in the form of a company with directors etc.

Additionally, what are the coin specs?  will there be a fair launch ?  ie if low diff will initial rewards be low. What is the retarget?  are these going to be known before launch?  all we know is it will be an asic coin so far?

Anyway thanks for taking the time to respond to questions, i hope this works out as well as everyone has been hoping it will. 

Agreed... Phenixcoin was a disaster. I'm still looking into our options, however I think confirming details with the trusted community members sounds awesome, cause I totally trust them with that info.

I might put up my phone number publically or something, for people to call if they need help folding, etc.

If the project goes big, there goes privacy xD Hopefully though, address still wouldn't be exposed. Might post a picture of myself + phone number + email. Not quite sure yet, I'll figure it out before launch though.

sure I know

I was requesting url, to register an account, setup a worker and point my minepeon at it... to be ready for launch

I don't have proper hardware to fold, I have a block erupter left that I don't have sold, I want to use it, and I will have a jalapeno 7GHS in few days.

my nvidia 8800 gts v2 is outdated, dont think it's worth to let a computer running full day wasting 400 watts for this card