This paper introduces a new paradigm for utilizing the hash string outputs (ie. the nonce values) from the proof-of-work or proof-of-stake scheme of the virtual commodity, Cryptogenic Bullion (CB). This new paradigm, named the MADEsparq Project, aims to blur the defining lines between currency, technology, and data by using the CB block chain to mediate the mapping of data to create, and add value, to content and unstructured and semi-structured data. Over time, as more data is mapped onto the CB block chain from a vast spectrum of subjects and interests, chance occurrences for discovering valuable mathematical, structural, functional, or social relationships from the overlap and intersection of data mappings increase. Therefore, since the data mappings onto the CB block chain can overlap from separate knowledge-domains, there is the potential for new insights and discoveries from the collaboration of participants in the MADEsparq Project, whose specialties lie in vastly different subject matters, that might not have been possible before. Thus, the intrinsic value of the virtual commodity (ie. CB's hash chain) mediating the data mappings should increase over time.
White paper download link: https://drive.google.com/file/d/0B7K8VdCHpm-pRDdrWjVLSnk4M1k/edit?usp=sharingThis is a very exciting and fascinating idea!
I registered on bitcointalk solely due to this post
Been a lurker here for awhile and I was already very interested in CB before reading this.
I have one question which I couldn't quite understand from the whitepaper:
What is the, on the technical level, the connection between the MADEsparq mappings and the output hash values? Is the hash output generated as a hash over some MADEsparq users mapping, or do they create a mapping from the original hash after it was generated in a normal tx? Is the hash string outputs a hash of the combination of the tx/output data and the MADEsparq mappings?