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Title: Bitcoin’s Evolution (unofficial BIP) Post by: jfx42 on December 21, 2021, 11:23:05 PM .
Title: Re: Bitcoin’s Evolution (unofficial BIP) Post by: ir.hn on December 27, 2021, 01:27:02 AM This is long and I skimmed it but it would take less time to correct me if im wrong. There are coins like https://foldingcoin.net/ that reward users for doing folding for example. The problem with proof of work like this is they are usually centralized and require a centralized set of problems that can work of proofs of work.
Now a way around the centralized nature is if you can create a molecular hashing algorithm where the hash of a string is some random protein. Then the first one to fold it wins the block. Benefits to this is you are doing 'useful' work but the downside is no one probably cares about folding that random protein. Title: Re: Bitcoin’s Evolution (unofficial BIP) Post by: mynonce on December 27, 2021, 01:57:19 AM ... Imagine a bitcoin 2.0 if you will ... Why is it bitcoin 2.0 and not altcoin #123987? If you believe in your project, build it, the community will decide. And if it's good, people will make it to 'bitcoin 2.0'. Nobody can stop a good project. Bitcoin is the proof.Title: Re: Bitcoin’s Evolution (unofficial BIP) Post by: NotATether on December 27, 2021, 08:50:18 AM I believe this should be based off of Ethereum and not BTC for scalability reasons.
On a side note, I also don't believe that energy credits do anything to promote clean energy usage, because large companies have a large buffer for buying credits and this whole thing ends up becoming another tax system for polluting companies. Protein folding is done using complex differential equations and devices more specialized than a CPU can speed up the solution time. The problem is that folding proteins alone is not going to do anything to advance medicine discovery, because other bioinformatics processes are involved besides that. In any case, the complex method is the more feasible of the two you mentioned. Title: Re: Bitcoin’s Evolution (unofficial BIP) Post by: ABCbits on December 27, 2021, 10:35:28 AM This isn't bad idea, but it's definitely not suitable for Bitcoin where decentralization and backward compatibility are greatly valued. Your idea could be more well received on altcoin community/developer which use PoW and don't really care about decentralization.
Benefits to this is you are doing 'useful' work but the downside is no one probably cares about folding that random protein. But some people definitely care about the benefit, although only very few regular people who know about benefit. Title: Re: Bitcoin’s Evolution (unofficial BIP) Post by: DaveF on December 27, 2021, 02:30:03 PM This is long and I skimmed it but it would take less time to correct me if im wrong. There are coins like https://foldingcoin.net/ that reward users for doing folding for example. The problem with proof of work like this is they are usually centralized and require a centralized set of problems that can work of proofs of work. Now a way around the centralized nature is if you can create a molecular hashing algorithm where the hash of a string is some random protein. Then the first one to fold it wins the block. Benefits to this is you are doing 'useful' work but the downside is no one probably cares about folding that random protein. But some people definitely care about the benefit, although only very few regular people who know about benefit. Although you do have foldingcoin and curecoin the folding@home project does predate bitcoin by about a decade. These coins have set themselves up as a reward system for a project hat was going on for years before. As for changing the way BTC works, I am with @mynonce here, this would be an altcoin. I have been seeing more and more people talking about changing the way BTC is mined, and at this point I am beginning to put them in the file of 'people who want the magical internet money for free, because I want it' Mining will be at a cost and not a small one at that. -Dave |