So I just read on BBC NEWS...

[fr4nkthetank]

About a new alt called bitwalking or something, where its an app that logs your walking and rewards you with bitwalking coins.  anybody else heard of it ?  they apparently got 10million in funding.  pretty crazy

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[tmfp]

About a new alt called bitwalking or something, where its an app that logs your walking and rewards you with bitwalking coins.  anybody else heard of it ?  they apparently got 10million in funding.  pretty crazy

Just reading it myself.

running multiple accounts will be banned

lol

http://www.bbc.co.uk/news/technology-34872563

[Nasakiotoes]

Is that like bitburger or bitpoop? Where every burger you eat you get a coin and respectively every poop you take you get a coin? Just don't get the two confused or one might think that every time you eat your poop you get a coin.

 

[RustyNomad]

Guess the success of adoption will depend on what exchange rate is used for the BW$ vs US$.

Would have to be worth it for people to peak their interest.

[solid12345]

"This coin is a scam, all the fit people will instamine it!"

[jwinterm]

There was already a coin that tried this, called Mangocoinz I think, but it's not really a coin in any sense of the word, just like a database on some guys computer that the app on your phone communicates with, afaik.

[USB-S]

So I'm starting this new mining company. PM to pre order our first machine.
We hope to launch cloud walking contracts aswell.

Here is our prototype

[nihilnegativum]

Hehe, the hype is real.

[sartorpc]

this is a good idea but also very easy to exploit.

[1211]

thanks for showing me that, applied

[worhiper_-_]

So, mangocoinz all over again? :p

[RustyNomad]

So I'm starting this new mining company. PM to pre order our first machine.
We hope to launch cloud walking contracts aswell.

Here is our prototype

  Not going to work, works based on GPS location as well so you actually have to move around.

Best to tie your phone to the underside of a public bus or something, preferably one that does inner city routes where the speed traveled is sometimes hardly above a fast walking pace and with frequent stops.

[EvilDave]

Or if you have active kids...strap 10 phones to each child and send them OUTSIDE™

[criptix]

Or if you have active kids...strap 10 phones to each child and send them OUTSIDE™

Inb4 birthrate explosion in 3rd world countries

[bathrobehero]

Some people will make some money emulating tons of phones on a computer...

[Spoetnik]

Some people will make some money emulating tons of phones on a computer...

I'll start coding a GPS signal emulator that will fire off data to the coin servers LOL
But wait !
Who says the dev's didn't do that before launch ?
AKA: the private miner on launch scam.

They will have to make sure it only runs on iOS and Android users can join in 6 months later hahaah
Sorry MS guys you don't get to join in at all.

[The Sceptical Chymist]

If there's a coin you can mine based on jerking off, most of you wankers would be millionaires.   

But for realz, I very much like the idea behind walking being the driving force behind a coin but methinks it's perhaps a tad too gimicky and I don't think anything like that would be successful.  But who knows?

[fr4nkthetank]

Holy crap you guise



This blew up a bit   I'm going to try it when it comes out I guess, just out walking the dog. 

[Lionidas]

This is the silliest thing I have ever heard of coming out of the bitcoin/altcoin community.
ROFL! 

[P-Funk]

Bitwalking hasn't officially released the algorithm used to verify steps but says it uses the handsets' GPS position and wi-fi connections to calculate the distance travelled.

So you're letting some company track you all the time for pennies. I guess we're in a race to the bottom of the worth of privacy, with the dumbest of us out in front.