[ANN] CureCoin to be released soon.

[MGUK]

So far, CureCoin seems to have talked about the computationally expensive part (the folding) but I can't find any mention of how you quickly verify that someone has done the folding the claim, and not just made up a random output....

So you're not going to help cure cancer if it turns out fold-verifying is centralised at some U.S. medical university because it could lie about the proofs to cheat people out of money (that they bought to help cure cancer), blowing it on research grants or something?



-MarkM-

Haha, I wasn't saying that, but from what I gather, people will effectively get paid CureCoins for doing folding work. If I'm going to support this, I want to make sure what's happening is what's supposed to happen, not just a bunch of fraudsters making random numbers and claiming it's folding.

It might have been me that missed something, but nobody has been able to say how this will be prevented - I think that it's something that needs to be considered. Like a lot of things Bitcoin related, it will be a target for hackers looking for easy income.

[funnybear]

support for you!

[str4wm4n]

Cannabis already cures cancer, this is a scam

[mr_right]

Please explain how would mining benefit cancer research. I'd imagine hash power in scrypt does nothing to help research.

[cygnusxi]

Thanks for the interest and positive comments. This project has taken a good deal of time, and its nice to know people appreciate that, it really keeps me moving at a good pace knowing there are supporters.

To answer the most common question "how in the hell is this gonna work" ---- you will have the option of mining via the blocks, or mining via folding, no matter what card you have. Obviously most nvidia users will choose to mine via folding, and most ati owners will mine normally. With a separation between these two functions I believe the overall result will be very stable, compared to trying to combine the functions into one.  hopefully that satisfies your question for now.

In this manner both the folding and the mining will be every bit as secure as they are now. Security is priority #1 with this project, to create a long term stable ¢ure'ncy. my twist for currency. 

In order to keep this project safe from corruption before its release, Ill be working with as small of a group as possible, just enough to make it work properly. please feel free to contact me though if you are willing to help. For the most part I think i have this on my own, which is why ive asked help from only 1 person so far(from this forum anyways). I can also handle building the website, but i might take someone up on an offer to make one. If any web devs want to show me a link to their current work that would be great. If i choose to let someone else build the site it will be because they are a pro web dev.

sorry if this post is messy i have to get ready for work soon. Will be back later tonight to see if my Zippy keyboard holds up to its warranty promise.

[Adamlm]

Great idea, a real innovation in altcoins. A chance to mine coins and gain positive Karma at the same time.
Good luck!

[wachtwoord]

This is going to sound a bit harsh. Please resolve these issues as I like the concept

1.

-Launch site - to be decided. <<---- what does this mean? Source code and binaries might be getting released elsewhere. There is a possibility this coin will be first released on a university website.

What I read: "Premine FTW!"

2.

       -CureCoin will have multiple features (secret for now) to prevent pump and dump by early adopters.

What I read: "Demurrage!"

3. I'm curious how you managed to devise a function that is (i) a fair POW, (ii) useful and (iii) flexible enough to stay useful. But since this isn't in the OP I'll just wait and see for this one.

[freigeist]

Marijuana already cures cancer, this is a scam

Yes I also think that this could be a scam.

Sorry for my ignorance but I wonder how this folding@home works?
I have few questions which are maybe off topic but I'm curious to know.

1) How you know that this folding@home is used for the purpose stated "to find cure for cancer" and
not for other purposes like produce biotech weapons or similar evil staff?

2) If this is really used "to find cure for cancer" how are the users that
participate in the project rewarded? I have read that some point are awarded based upon
calculation performance but what can a user do with this points?
can they be exchanged for real goods and services or fiat money?

3) If the answer to the above question 2) is negative then I wonder why people are participating in this?!
   maybe they are motivated by the noble cause to help scientists to find cure for cancer but
   from this new questions arises and seems that people don't ask themselves like:

   Will the cure for cancer (medicine, drug )
      once found will be free of charge for all people to cure themselves as we
      gave resources (cpu + gpu + electricity) for free or they
      will have to pay astronomical amount of money to buy it?

   If this above would not be the case then the following workflow will be achieved:

   step 1) people give cpu+gpu power free of charge
   step 2) scientists payed by universities or PRIVATE COMPANIES take this power to find cure for cancer
   step 3) when the cure is found the patent is registered end sold to a pharmaceutical PRIVATE CORPORATION
         which will produce the medicine
   step 4) to cure themselves people will pay for the medicine
         for which they already had paid (electricity + CPU + GPU power) by participating in the project
         
   step 5) profit goes to PHARMACEUTICAL MAFIA and they all LOL how they fooled the people with noble cause
         and make profit on them.

[dreamhouse]

nice logo

[qiuness]

good points freigeist!

The result should be open source and as "live" as possible... i`m not folding for billionaires or for someone who will become a billionaire in creating drugs we found

[mr_random]

Thanks for the interest and positive comments. This project has taken a good deal of time, and its nice to know people appreciate that, it really keeps me moving at a good pace knowing there are supporters.

To answer the most common question "how in the hell is this gonna work" ---- you will have the option of mining via the blocks, or mining via folding, no matter what card you have. Obviously most nvidia users will choose to mine via folding, and most ati owners will mine normally. With a separation between these two functions I believe the overall result will be very stable, compared to trying to combine the functions into one.  hopefully that satisfies your question for now.

In this manner both the folding and the mining will be every bit as secure as they are now. Security is priority #1 with this project, to create a long term stable ¢ure'ncy. my twist for currency.  

In order to keep this project safe from corruption before its release, Ill be working with as small of a group as possible, just enough to make it work properly. please feel free to contact me though if you are willing to help. For the most part I think i have this on my own, which is why ive asked help from only 1 person so far(from this forum anyways). I can also handle building the website, but i might take someone up on an offer to make one. If any web devs want to show me a link to their current work that would be great. If i choose to let someone else build the site it will be because they are a pro web dev.

sorry if this post is messy i have to get ready for work soon. Will be back later tonight to see if my Zippy keyboard holds up to its warranty promise.

I am very curious about your brilliant idea. Would love to hear answers to my stupid questions so I can try and understand  

1. So when people mine via the blocks, is that still solving the SHA algorithm? Or is it the Scrypt?

2. If two equally powerful computers mine the blocks and the folding respectively, will they get the same rewards? Otherwise this creates a bias in favour of what has the biggest rewards?

3. Will people/organisations be deriving a profit from this in any form? Besides the miners I mean. Say we find the cure for cancer, will that make some pharmaceutical company billions of dollars? Furthermore will the cure be made cheaply and released as a generic treatment which isn't expensive? I know cancer treatment drugs can be ridiculously expensive.

4. What will the starting difficulty be and how will you prevent the age-old argument of early miners getting too many easy coins?

5. Finally, will this be released anonymously/semi-anonymously or will you be releasing this full public with your identity? If it's the latter, are you worried about political influences and your safety/future freedom? Wikileaks etc.

Hope my questions aren't too tedious and I don't look like an idiot answering them. Can't wait to see this released. It will capture the general publics imagination.

[mr_random]

I can see I am not the only one answering certain questions lol...

[TruCoin]

love it!! thank you to developers!! finally a coin that supports more than greed

[Vorksholk]

Excited to see the implementation, sounds like tons of fun!

[CoinHoarder]

This is a coin that I think most people can get behind and support- from all cryptocoin sectors... no matter whether you're a bitcoiner, litecoiner, ppccoiner, terracoiner, feathercoiner, whatevercoiner.

If you succeed with the implementation that you have described, I will certainly support this coin.

[jabberwok]

This sounds awesome.  I will definitely be supporting this.

[zulzedd]

Great news! I'm in!

[iCEBREAKER]

Marijuana already cures cancer, this is a scam

Colloidal silver cures cancer, marijuana is a scam.  

But seriously, thanks for pointing out the Nooshare paper - that's a good one!

I thought of a better name too: MediCoin.  The post about the caduceus gave me idea!

"Hello I'd like to buy some internet pr0ns plz."

"OK that will be one Medicoin."

"Fine, here you go!  Oh look, I cured cancer!"

[spoid]

So would you turn the parameters somehow so that rewards reaped by nvidia cards of certain price ranges which use the folding method reflect the value  of respective ATI cards in that price range? The way you explain it, once your coin hits, I certainly would want to do folding rather than the regular hashing but I would need nvidia cards first.

Or are the nvidia people going to be the good samaritans earning very few but doing the actual "curing" while the ati guys rake off the profits as usual?

[Stark-Fujikawa]

Marijuana already cures cancer, this is a scam

Colloidal silver cures cancer, marijuana is a scam.  

Not to mention it transforms you in this type of superhuman: