Protein folding cryptocurrency

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PookTwo on Jan 28, next [�]. Hello, this is Robert with FoldingCoin : I love that this discussion is here and I am replying to these comments right now.

There is no way of decentralizing with the Counterparty platform. I encourage everyone to read all of the great features that you get by being on Counterparty in the same link provided by mrb.

We feel also including the downsides is crucial to have a better understanding of what we are trying to accomplish. Though we have measures in place to deal with the centralization issue we currently have: 1. We are incorporated as a Non profit in Indiana and we report to the government. If we are to have malicious intentions, then we would be held accountable against the government. We are setting up a board of directors to control the undistributed FLDC that we currently hold.

This probably will not become a reality until the end of the year, but we are working on it. Why are you creating a digital currency and distributing this to Folding Home participants? What's the point of this? Why would I want FoldingCoins?

Why not collect donations in usable currency , and give that out to Folding Home workers? PookTwo on Jan 29, root parent next [�]. I have read this, and I'm still not sure I understand exactly what you're trying to do. You create a crypto-currency, distribute it to people who do something valuable protein folding , and then hope other people will start valuing this crypto-currency, so that the folders can sell their coins into the market and make a profit.

Is this correct? This is the nature of the altcoins. However, we are working on 2 projects that will give this token value: 1. Creating this as a Meetup currency 2. Creating a ebay type martketplace for this coin and any counterparty token to be used to buy and sell goods We are releasing our white paper by Feb 5th and it will go into great detail on how we will accomplish this, but basically since we do not have to create our own QR scans, transaction system, blockchain, ext I know that is not a lot of information, but please give me until the 5th to post the white paper here.

At this point, i do not expect the non crypto communities to fully understand what we are trying to do, but this is a very appealing coin to those that mine for whatever personal reasons they have to mine. Is it even possible to have a decentralized currency where the mining problem isn't directly related to the maintenance of the ledger? Won't people just be incentivized to mine rather than preventing double spends, and the like?

PookTwo on Jan 29, parent next [�]. The counterparty protocol is built inside of the Bitcoin network. All assets including FLDC are built on this platform.

It houses the assets inside of the Bitcoin network by using the bytes of unused data in every BTC transaction. So everytime you send or receive FLDC, you will notice it shows up in the blockchain as a 0. This actually represents the Counterparty asset. So this prevents the double spend, because Counterparty is secured by the BTC miners, so the hashing power of the BTC miners is the same as the Counterparty assets. I don't thinks so. The proof of work needs to be tied to the block. It also needs to be very quick to verify but hard to compute like getting a hash under a certain value.

With scientific problems, you may need to solve a problem, then ever node on the network solves the same problem to verify what you did - which would waste a hell of a lot of resources! We actually just had a double spend try and happen to us. I cannot show you the links, because the blockchain already ignored them. Let's say someone were to solve the protein folding 20 years from now. It would no longer be a challenge. This would mean the crypto-currency that used the once-hard problem of protein folding would no longer work, as the mining problem would no longer be difficult.

I think a crypto-currency is much better off doing something useless, as the worst thing that can happen to a crypto-currency is mining no longer being difficult. We want mining to solve the most difficult problem there is: breaking hash functions. Not solving something that has a greater chance of being solved, because it would mean the end of the crypto-currency. We need something that we think and hope will stay difficult for as long as possible. Hopefully, protein folding will not stay difficult, because there are immense advantages to it being easy.

Protein folding can't be "solved". So in a practical sense protein folding is a harder problem that Bitcoin mining. Under the assumption that protein folding does get solved, we will simply transfer to the next humanitarian distributed computing platform out there. We would not even have to decide what this is, we could leave it up to the holders of FLDC. We have a voting system something that a traditional Altcoin cannot do that allows us to distribute vote tokens to FLDC holders.

There is already such a currency, it is called gridcoin. The network consensus is reached by Proof of Stake instead of Proof of work, so no computational cycles are "wasted" on proof of work. But how much stake you get with is also determined by the amount of research you contribute to the BOINC group gridcoin relative to the total research done in this group. There are certain projects whitelisted, folding home is one of them but there are many more.

Then this would be the first currency that has internal value, because the money in the inflation process does not come out of thin air but is based on computing power that is either used for science or for computing projects that deliever value.

So it shares all the same centralization flaws as FoldingCoin which relies on the Folding Home servers. Gridcoin is a little different because if you remove the BOINC project servers, it is not centralized anymore, and only relies on proof-of-stake. But this would make it no different that the many proof-of-stake altcoins that already exist. Need help? FoldingCoin has multiple ways to receive help, talk with community members, and talk directly with the developers.

Please reach out to the FoldingCoin team if you have any questions, comments, or concerns about the project. With this emerging technology and the massive influx of people interested in crypto currencies, price volatility occurs frequently.

Finexbox is a P2P crypto-products trading platform. Counterwallet is a decentralized exchange that requires no trust in a single party. All trades are done via the blockchain. SoftWeb offers a wide range of on-line services. Rare, limited artwork that captivates critical thinking. Open source, decentralized marketplace for peer-to-peer commerce using.

Donate to FoldingCoin, Inc. FoldingCoin Inc does not have direct affiliation or partnerships with Stanford University. This project was built to help support the adoption of the Folding home project utilizing Tokenly products. All information and comments at foldingcoin. Contact us with questions or concerns: Hou5e or Theknystar on discord. Feel free to join to our communitys.

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Tt wallet	All trades are done via the blockchain. There are certain projects whitelisted, folding home is one of them but there are many more. Don't wait! The popularity of bitcoin has made digital currency synonymous with finance and fintech sector. Crypotcurrency Analysis. Though we have measures in place to deal with the centralization issue we currently have: 1.
00695 btc to usd	Could you be next big winner? Donate this web page FoldingCoin, Inc. Contact us protein folding cryptocurrency questions or concerns: Hou5e or Theknystar on discord. Dont get me wrong, I love BOINC, but for this system to work, they would need to have an approved list of specific projects one could work on to receive Gridcoin. So it shares all the same centralization flaws as FoldingCoin which relies on the Folding Home servers. All assets including FLDC are built on this platform.
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How old are bitcoins	But yes as of now all supported projects are science projects. I think a crypto-currency protein folding cryptocurrency much better off doing something useless, as the worst thing that can happen to a crypto-currency is mining no longer being difficult. The proof of work needs to be tied to the block. We actually just had a double spend try and happen to us. If just click for source are to have malicious intentions, then we would be pritein accountable against the government. Once received, people can transfer FoldingCoin to others over bitcoin blockchain and Counterparty protocol. This research is then used to help researchers find cures for diseases such as cancer and Alzheimer's.
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