Topic: Why CureCoin Is Something Different (Read 1368 times)

mechs is starting to come around to the curecoin side 

no worries bro it will be fun to mine, even if there is some centralization. atleast the coin base itself will be as secure as any other alt coin. plus the added feature of "token" reward, but keep in mind its not tokens, its a fair share of the curecoins... i think thats a little different than a simple token system. It would be nice if BTC would offer this feature, but i dont see it being built into the code and forked into a foundation style coin to support research. ( that would be interesting though....)

as far as the pow=folding, look at my bump / quote of an email that cygnusxi posted that he received from professor vijay... ill dig it up..
here is my quoted post from cygnus and my comment on why did no one notice this and why can i find this info NO WHERE else on the web....

https://bitcointalksearch.org/topic/m.2895888

I think it is very nice that you are trying to get people to put their gpu power towards a worthwhile endeavor.  Having said that, this is NOT a decentralized currency nor will it ever be.  It is simply a token. You may as well give out gold stars for submitting shares.

Currently, the only scientifically useful coin with a true PoW which also serves a legitimate scientific purpose is Primecoin.  I hope other will fine other hashing functions which are both useful PoW while also supporting a coin by being difficult to compute and easy to prove.

Looking promising!  Keep up the good work!

Great!! It will be on www.avois.co.uk Just a little something I work on in my spare time

this is great, i have join beta
but i have some question
first, is curecoin just like a payout system, it dpend on other coin?

second, if the first one was correct, will we need some one to mined coin that used for payout

third, if not how do we transfer coin form pool t wallet?

thanks

yes boinc is in the foreseeable future of curecoin , i already set up a seti pool with the code started by cygnus, its not up and running though because we are very busy finishing the current folding integration system, which is starting to piece together very nicely. The folding pool will soon test the newly built folding pay system, within a day or two will to change to the V2 of the backend code. The pool is going to be replaced by something all together different, on a ddos protected server. This front end will not affect the backend of the system if attacked, and there are multiple fail safes being adding into the software.

Cygnus plans to eventually remove any frontend website from the system and add the folding info into the wallet.... Pretty good plan set in place for doing so IMO, but thats a whole other pile of work to do.

The idea, as I understand, is to add other projects overtime, and split up the payments accordingly. Either finding how many fah points equals one Rosetta point based on work done, or trying to guage demand (for processing) for both projects and setting them in tandum. Support is planned to extend beyond folding though

i support this coin!

As a long time BOINC and folding@home supporter, I will def be behind this coin.  Even if it is worthless.  Can't wait until the real coin is launched, and you no longer have to give out bounties from other coins.  (Not that I really mind).  Hopefully it makes more then the $10 I get from eVGA every month for folding for their pool.

I am guessing the coin is only going to be for folding@home.  Do you know if there are any BOINC projects that could be added as well??  As there are a lot of decent BOINC projects out there, from computing for CERN, nanotechnology, curing cancer, or even looking for aliens  .  LOL. 

wooo stand back everyone, this guy must be the next einstein.... so smart. so many facts to back up his waaa waaa baby cry.

Make way for the all mighty kokjo - new genius of the earth

Theres your attention you wanted, now go crawl back into your hole.

How am I misinforming people? The coin is quite simple. A miner mines a block. He gets 45 coins. The devs get 10 coins, with which they follow a transparent, laid-out system of using the coins, from giving away folding hardware to paying for servers, mirrors, seed nodes, etc. The other 45 coins to go a pool. That pool queries the current projects supported, such as folding at home, and finds what the past 24 earnings are, doing so every 24 hours. It splits up those 45 coins times however many block were mined, and divides them up accordingly among the folders in the pool.

As the coin grows and more projects are added, project centralization decreases. As the coin grows and trusted pools are created by respected forum members, centralization in the scientific research-rewarding pools also greatly decreases.

While I can't guarantee specifics since the coin hasn't even been released yet, and (just like anything) it is still somewhat subject to change, this is the information that has been publicly provided to the cryptocurrency community, and it represents a few key features and ideas that other coins are lacking.

If you can provide evidence (not all-caps yelling) of why this is a 'scamcoin', point out issues with the coin's fundamental basis, or show actual issues with the budgeting, I'm all ears. So far, you have failed to provide anything but regurgitate the items that I mentioned could be a problem, but that will iron out over time. 

case 2 then: you are an assclown that advertise something that you know shit about. and misinforms alot of people in the process, enjoy your free speech(but get one of the devs to the forum, so i can kick his ass)


PEOPLE LISTEN UP: THIS IS A SCAMCOIN

For starters, I'm not developing the currency. But what exactly am I lying about? The 10%? 30% of that (at least) will go into buying NVidia hardware for giveaways to folders, the rest is carefully budgeted out, I can pull up the list if you would like.

There are two main areas of centralization that this currency will have at launch: pool for folding rewards, and the research projects the rewards are based on. The 2nd centralization point will disperse as more and more projects are supported by curecoin, so if F@H servers go down or are compromised, it has a much smaller impact on the coin. Additionally, the first type of centralization (pool for distributing coins) is a tough one to solve, but the dev is thinking about systems such as trusted pools, perhaps run through people that do stuff such as escrow and are trusted community members, and creating a system where they would do large parts of the folding distribution.

liar(or you don't understand the technology behind your own currency, and you fail)

Most of the 10% goes back into the community directly, the rest goes for paying for services that CureCoin needs, such as servers. Centralization will fade out as adoption occurs, and only some payout is semi-centralized, the rest is distributed in decentralized mining.

its centralized and therefor insecure, and you take a 10% cut the money mined.

If you want to present that opinion, can you back it up?

Welcome new scamcoin!

It's simply based on the amount of 'points' they receive, which is the amount of raw processing they have done. Nothing is weighed by either importance, or benefit to any industries.

does this project reward folders that find more potential solutions to medical problems more than it rewards folders that find fewer potential medical solutions?

it appears that the income is distributed not by their contribution to the medical industry, but by their contribution to the folding network. is that right?