It's amazing how anyone can come up with complete unrealistic horseshit ideas, and still manage to convince a handful of naive dudes...
What's coming next? World peace coin? Global warming coin? Nuclear fusion coin? Time travel coin?
please , explain to us why this is impossible. if youre so damn smart. explain how there is no way to code it, and no way to make it work. dont just toss empty insults. back it up.
Here is why it isn't possible (so at least you can make a more credible ScienceCoin and CureCoin scams next time):
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confidentiality: you can't guarantee the confidentiality of the data that is being processed unless it is encrypted, but you can't run computations on encrypted data unless they are encrypted using an
homomorphic encryption scheme and the operations you do on the data are valid operations within this scheme. At the moment, the best known homomorphic encryption supports two operations: addition and multiplication. Computing only with addition and multiplication isn't turing complete. So with current state-of-the-art encryption, you can't run general computing on a distributed network without leaking at the same time all the data you are working with, your code, and your purpose.
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quantification of calculus: if you want to use some operations for mining, you need to make sure that this operation is going to cost in average the same amount of work for every miner to do, OR you need to set the reward proportionnaly to the a-posteriori cost of the computation. In either case, it means that you (more exactly: the network) have to be able to determine how long the problem you give to miners is going to run and therefore how much it's going to cost. That looks like it's easy, but unfortunately for you, this problem known as the
halting problem is one of the hardest problem in the whole realm of mathematics. Deciding when a random program is going to stop will need to run the program to find out, which means that to verify that the reward the miner granted herself is fair, the *whole* network will need to do the complete computation.
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asymmetry between resolution and verification: to be suitable for mining, an operation needs to be hard to solve, and easy to verify. This corresponds to a very precise class of functions known as
one way functions. Unfortunately for you, there is only a very narrow set of operations that are actual one-way functions. The SHA256 algorithm used by Bitcoin is one of them. But the average operation your hypothetical user wants to do is more likely not a one-way function, or your user would have to jump through crazy conceptual hoops and be a math genius to manage to break down his problem into a system of one-way functions. So for the bulk of whatever people will want to do with your network, the whole network will have to recompute each solution found by a miner to decide if the solution is correct, which is stupendously wasteful.
- and the list goes on and on...
To summarize: your scheme doesn't allow confidentiality of data because it isn't possible, doesn't allow to share the work between miners equitably or reward the miners proportionnaly to the work done because it's not decidable, and doesn't allow to verify the solutions because no rational miner will accept to spend 99% of his mining time verifying the solutions of other miners.
So yes, this is a completely unrealistic idea. It is almost as hopelessly unrealist as ... well.. Curecoin.
On the other hand a scientist can just rent a bunch of Quad-GPU instances at spot on EC2 and get all their work done for cheap, in all confidentiality, with full turing-completeness and no crazy constraints on the type of operations.
That being said, there is one thing EC2 doesn't do well and that your scheme probably does better: rip off naive beginers from their hardly earned Bitcoins.
dont forget it is likely that a software team at stanford university is probably working on something like this right now. explain to me how they wont be able to figure it out, since you know more then the entire collective knowledge of stanford.
"Likely"... "Probably"..
You have a vibrant imagination, it's touching.
youre a fking tard
Damn, that one is unanswerable. How smart. You surely look like the type of self-less modern hero who is going to play a key role in enabling distributed cancer research.
Btw, thanks for getting all emotional in the wrong thread with the wrong profile.
So now we know that you are Joe_Bauers (so cygnusxi = Joe_Bauers), and that both ScienceCoin and CureCoin are scam attempts by the same clueless teenager.
