Off the top of my head, I can't think of any way to "use" the computational power for something without introducing centralization to the process. Interesting idea through, I'll try to think of something.
I was talking about this,but thanks for that input as well.
2. Some one suggested the idea of a PRIME coin.
Perhaps we can use the computation power of the C3 network to improve the encryption or the security of the coin,as the coin's computing power increases ?
Therefore the coin becomes harder to hack as the popularity increases. Eventually Bit coin will have a network power of 1 PH/S
I like your Idea, and it seems rather easy to implement.
What about scrypt with different parameters, or triple step SHA256 that would break existing ASICs but still be simple to implement miners for?
My idea is that as the network power increases over certain "bench marks" , the SHA256 increased on how many times it's multiplied by a predetermined number.
Right now Bit coin has a combined computing power of 200 TH/s.
Let's say if C3 reaches 400 TH/S, then SHA25 is doubled. This happens every time the networking power is doubled. These events would be hard coded in the source.
Maybe we could introduce Prime numbers as security as well. Therefor folks will have to compute a higher prime number as the network power increases.
Prime numbers are very important in the Cryptography world.
So If we can't lend actual computing power to universities to cure cancer,why not give out the prime numbers to organizations to improve data security for the world?
Surely we would love want to give a huge finger to the central planners, or the mass murderers of history?
http://upload.wikimedia.org/wikipedia/commons/thumb/4/4d/Holomor_Art_Denysenko_1.jpg/448px-Holomor_Art_Denysenko_1.jpg
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