"Proof of Human" Coin ?

[achillez]

I've been thinking about the issues with bitcoins, altcoins, etc.. The biggest problem seems to be that people with huge mining rigs (or botnets) come in and take all the coins while the difficulty is low.

I propose a new coin that adds on the goodness from other coins: CPU mining, Scrypt, etc.. requiring a CPU + GPU to do effective mining. Further it extends this to also require a "PoH" analysis to confirm each coin. The PoH can use captcha, or another mechanism to verify that a human did some work to confirm each coin. This would slow down the mining by large farms, and make human input and analysis relevant. Further, the human  analysis could be interesting and educational at the same time. So a miner gets the value of generating a coin + the challenge of answering an analysis question.

What do folks think? Would this work?

[Joerii]

Captha's are a bad way to do this, since they pay people to solve captha's ( or just plain force them ! )

Maybe you can plug people in to ECG's and have them respond to stimuli, pleasent or otherwise

[SgtSpike]

Sort of like a mechanical turk coin?

[odolvlobo]

... The biggest problem seems to be that people with huge mining rigs (or botnets) come in and take all the coins while the difficulty is low.

Maybe you are exaggerating on purpose, but this statement shows a lack of understanding.

First. I could be wrong, but I would guess that nearly half of the coins mined so far were mined on CPUs and not big GPU mining rigs or botnets.
Second. You make it seem like miners get the coins for free and that is not true. If you don't want to pay for mining equipment and all the other costs associated with mining, you can just buy coins from someone. You don't have to mine them. The Winklevoss twins own 1% of all the bitcoins and they didn't mine a single one.

[snaidervp]

+1000000 to OP

I was thinking the same thing couple of days ago.

The fact is that all the coin that arrived till today make use of the real wealth of the people mining them. if you could afford a room full of  4gpu/pc you obviously have huge adv to some1 who have just 1 pc.
What did you do? You aren't smarter, you didnt work harder, nothing. You just turn your $$$ or Euro's to bitcoins. Just like what already happening in everyday life. THE RICH ALWAYS BECOME RICHER.

What we have all people in common is our lifetime, we all have 24 hours a day.

So, a coin that needed actual interaction from the user could turn the same old story real life upside down. Every1 could have the same opportunity. you want to spend 8h/day in front of your PC, do it, you want to spend the whole day, DO THAT!!!


Sorry for my bad english

Snaider.

[str4wm4n]

I had this idea before too!

[Dacm4n]

Instead of annoying captchas couldn't you instead design the coin so that everyone mines at the same speed regardless of hardware? Instamining wouldn't be a problem and there would be no huge dumps from mining farms when the coins hits an exchange, leading to a stable exchange rate. You could have random special blocks worth 2-3 times the normal block reward to keep people mining. I think a coin designed this way would function well as a currency. If I had any coding skills I'd try making a coin around this idea as an experiment.

[SgtSpike]

+1000000 to OP

I was thinking the same thing couple of days ago.

The fact is that all the coin that arrived till today make use of the real wealth of the people mining them. if you could afford a room full of  4gpu/pc you obviously have huge adv to some1 who have just 1 pc.
What did you do? You aren't smarter, you didnt work harder, nothing. You just turn your $$$ or Euro's to bitcoins. Just like what already happening in everyday life. THE RICH ALWAYS BECOME RICHER.

What we have all people in common is our lifetime, we all have 24 hours a day.

So, a coin that needed actual interaction from the user could turn the same old story real life upside down. Every1 could have the same opportunity. you want to spend 8h/day in front of your PC, do it, you want to spend the whole day, DO THAT!!!


Sorry for my bad english

Snaider.

What's wrong with the rich becoming richer?  If the rich want to invest their money and make more of it, so be it... as long as they do it legally.

The rich could also pay another person (or many people) for their 24 hours a day - would that not be the same difference as paying for a large number of GPU miners?

[snaidervp]

i think human interaction is the critical point here.
A captca, a stupid pass phrase, a simple mathimatical calc, what color is the water? something that verifies you still there, and it will only continue mining or submit a share or verify a found block (that become orphan after X minutes).
Something that would prevent people from having mining farms. In fact maybe you could still have a farm but you could need to hire people to do the job and you could pay them with the coin you mine

[erk]

I think it's a silly wasteful idea. The mining hardware and electricity are already  made by humans, I would rather see them continue doing what they are good at which benefits society in general, than the formation of underpaid sweat shops to do mindless captcha entries.

[snaidervp]

What's wrong with the rich becoming richer?  If the rich want to invest their money and make more of it, so be it... as long as they do it legally.

The rich could also pay another person (or many people) for their 24 hours a day - would that not be the same difference as paying for a large number of GPU miners?

Nothing wrong with that. BUT in this life, EVERY TIME some1 becomes richer some1 else becomes poorer. When you mesure wealth with countable things like land, gold, oil or bitcoins THATS HAPPENING.
And when there is no more land or gold to collect, you start collecting drinking water and maybe someday breathing air.

Snaider.


Edit,
..Couldnt help it..

More often "legal" is the way of the rich people fucks with poor people life.

[hendo420]

How about a coin that has blocks that have to be solved on paper?

[SgtSpike]

What's wrong with the rich becoming richer?  If the rich want to invest their money and make more of it, so be it... as long as they do it legally.

The rich could also pay another person (or many people) for their 24 hours a day - would that not be the same difference as paying for a large number of GPU miners?

Nothing wrong with that. BUT in this life, EVERY TIME some1 becomes richer some1 else becomes poorer. When you mesure wealth with countable things like land, gold, oil or bitcoins THATS HAPPENING.
And when there is no more land or gold to collect, you start collecting drinking water and maybe someday breathing air.

Snaider.


Edit,
..Couldnt help it..

More often "legal" is the way for the rich people fucks with poor people life.

That's kind of how economies work.  If I pay you for an apple, then you get richer and I get poorer.   

[snaidervp]

How about a coin that has blocks that have to be solved on paper?

How about not using crypto currencies at all and continue being "legally" robbed from banks, goverments and big companies???

we could do that too, but here we are now...

That's kind of how economies work.  If I pay you for an apple, then you get richer and I get poorer.   

No, THATS HOW (THIS) ECONOMY SUCKS like 2100 years now, and most people learn to be used to it!!

Not me.. TY

Snaider.

[xan_The_Dragon]

What's wrong with the rich becoming richer?  If the rich want to invest their money and make more of it, so be it... as long as they do it legally.

The rich could also pay another person (or many people) for their 24 hours a day - would that not be the same difference as paying for a large number of GPU miners?

Nothing wrong with that. BUT in this life, EVERY TIME some1 becomes richer some1 else becomes poorer. When you mesure wealth with countable things like land, gold, oil or bitcoins THATS HAPPENING.
And when there is no more land or gold to collect, you start collecting drinking water and maybe someday breathing air.

Snaider.


Edit,
..Couldnt help it..

More often "legal" is the way of the rich people fucks with poor people life.

OK U HAVE UNLEASED THE WRATH OF THE ECONOMICS GOD WITH THAT STATEMENT


say u were in the wild west, during the gold rush, if you find a an ounce of gold, who loses wealth in this situation?
if the moon was claimed as land who loses wealth in that?
if you find an oil well and set up a mining operation who loses wealth? the people who work for u? your suppliers? the construction crew? no in exchange for services they get money from the NEW oil
ITS CALLED CREATING WEALTH

As to collecting drinking water dont act like its coming out of some public pool, at least if your talking commercial enterprises, they collect it off their own land or with permission from the land owner(most likely who gets a cut of it) therefore THEY OWN IT ALREADY its simply a matter of collecting it

There is a simple principal in economics, people don't do things that cause them to lose wealth (as a collection of net worth) unless they gain happieness from it. This collective self interest causes people to create wealth or work for it (in effect creating value of something with there time).

This has been a public service announcement by the economics god

[batman, not crabman]

Good idea in theory but if you truly want a coin that is used as currency you have to design an inflationary one, otherwise people will hoard them.  I am still yet to see someone do this, all the coins I've seen are deflationary and this is not what you want in a currency.

[xan_The_Dragon]

How about a coin that has blocks that have to be solved on paper?

How about not using crypto currencies at all and continue being "legally" robbed from banks, goverments and big companies???

we could do that too, but here we are now...

That's kind of how economies work.  If I pay you for an apple, then you get richer and I get poorer.   

No, THATS HOW (THIS) ECONOMY SUCKS like 2100 years now, and most people learn to be used to it!!

Not me.. TY

Snaider.

no-one forces u to buy or sell stuff, at least legally 99.999% of the time

[penetration]

Kind of confused as to how this would work...

[Noitev]

hm, maybe have it work like this?

Person A makes up a question

"What's 5 times 2?"

It sends it to all other miners, you are allowed one attempt per minute (using traditional mining targets)

Then sends it to all other miners to verify it is correct, if a miner disagrees (lets say you type 12) it ignores it.

After getting the answer, you hash it again and try to  get lower than another target, if you do, you find a block and submit another question.

There are a million flaws to this idea, but that's all I can think of for the basic concept. It seems really hard to figure out a way to make it decentralized and cheat proof. But I concur with previous arguments, the concept itself seems flawed.

As for the whole, it's not fair and the poorer get poorer and the richer get richer, cry me a river. Wealth IS created. The fiat money that people use is just a placeholder for things people actually need, aka wealth.

[Praxis]

Nothing wrong with that. BUT in this life, EVERY TIME some1 becomes richer some1 else becomes poorer. When you mesure wealth with countable things like land, gold, oil or bitcoins THATS HAPPENING.
More often "legal" is the way of the rich people fucks with poor people life.

I really hope you're a teen because that's the only excuse for saying something like that.
No, economy is NOT a zero-sum game.

If X person invents a new technology and gets rich from it, nobody got "poorer".
THE OPPOSITE IS TRUE: everyone gets RICHER because the innovation helps everyone