Hi folks,
at first, I've to say sorry for my bad english, but I hope you can understand my explanations
. Yes... now, why I'm here? I'm here to discuss my idea for a new coin. Many people may think "oh man, not again...", but I think the world needs this new coin. Before we're talking about the specifications and the ideas behind the coin, let's talk about all other coins....
We've Bitcoins, we've Litecoins, we've YaCoins, DigitalCoins, Diamonds, Starcoin and many many other coins. New coins are started each week, mostly based on scrypt-algorithm and mined until they're unprofitable. Sure, that's fine, but why are we doing this? There might be different answers... some people mining because of speculations, other because they want save their money because of inflation and other because they simply need it (e.g. for transactions) or trust in cryptographic currencies. There're probably more answers, but that's enough yet...
But does anyone already thought about the real profit of mining? What I want to say is: We're simply mining for money and nothing else... when we go to work, we do this because of the money
and because we're doing anything for the civilization - for other people. But mining any cryptographic coin has no profit for our real world. For instance... the intention behind mining a coin is to solve a puzzle (simply explained), but it doesn't help to solve any real-world problems. That's the idea behind the coin I'll explain in the next few sentences. Someone might already heared about BOINC. That's a software for distributed computing and helps to solve real-world problems like medical challenges (RNA-analysis to fight HIV/AIDS or fighting Malaria or similar diseases), climate sutdies, physics, mathematics, astronomical and other challenges.
What I want is a coin that is mined to solve such challenges. That's not only great for our civilization. It's also great for our mining hardware because many projects having different requirements, thus for one project we can use ASIC miners, for the next GPU and for others our CPU or probably FPGA-power. You don't need specialized hardware that is worthless after reaching the maximum coins...
Using BOINC you can already collect points by solving problems, but these coins are mainly used for hit lists or something else. Thus, you can't send them to another user, but the idea fits exactly the sense behind mining BTC, LTC or something else. You're getting coins for solving a small piece of the puzzle...
I'm currently thinking about (better: analyzing) such a coin and how it could be implemented, but I'm currently not directly working on an implementation. What I want with this topic is feedback... what do you think about a coin as described above? Anyone interested or having more ideas? The problem I'm currently facing is the limitation of such a coin...
Edit:\\ I don't know if this is the correct section for this topic. If not, please move this topic to the right place
