PRE [ANN] CureCoin development continues....

[fran2k]

Wouldn't it have been better to just merge mine the coin into bitcoin and give less reward to that side?  I mean the whole thing about this coin truly is the folding side of it, but instead of maximizing the incentive to fold, you cut the potential folding economy in half.  The more money going to the folders the more people will fold and I believe the idea behind this to get more people to fold. Whereas if it were merge mined it would get mined regardless with a high hash rate. Maybe I'm over thinking it...

I agree. Have you considered PoS instead of PoW ?

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[arkanaprotego]

Thank you for your answers Vorksholk and Cryptobullion.

Let me clarify my position: I don't mean the currency will not work anymore if the folding payments stop, since as you pointed out, it is still a standard SHA-256 currency when you remove the folding part.
What I meant is that the added-value of Curecoin (vs Bitcoin for instance) will disappear. Of course, you can argue that what has been done cannot be undone. This is true, however it won't be able to generate any scientific value anymore. When this is the case, why would I want to support Curecoin? As you said, what has been done cannot be undone: nothing will be lost if I move on and switch to Bitcoin.

Regarding the payment of folders "going down", I don't mean temporarily, but forever. I don't question your integrity, but I don't like the fact that the possibility is there. I really dislike the fact that a crypto-currency cannot survive without its creators (and with the whole range of features, not just as yet another Bitcoin clone).
If the need ever arises someday, I suppose the community could still come to a consensus to fork the client then, but still.

I don't have the same objections with the centralization inherent to folding. I fully appreciate that scientific work has to be centralized, the most obvious reason being to check it against duplicates assigned to other computers. Moreover, as it was mentioned in the original post, more projects can be added.

When I asked about how the payments of folders are handled, I meant: where are the newly minted coins going? Are they going to a single address that will redistribute them? What if the private key of this address is compromised?
Vorksholkalso wrote:

As for the people cashing out other's rewards, the idea is simply that, when you sign up to the folding site, you sign up to F@H at the same time, so you have control over the accounts in both places.

So, a few questions:
- I sign up on FAH with the username Vorksholk just to troll you. Do you receive your rewards, my rewards (i.e.: 0 because I'm a troll) or both?
- If both, then why wouldn't I be able to register to your folding site with the username "anonymous", which is the username totaling the highest numbers of point on FAH?

Regarding the bloating of the block chain induced by decentralizing the payments of folders, I think it is not a problem. We are just talking about some transactions that will have to be added to the blockchain anyway, regardless of whether they are issued in a decentralized fashion or by the central authority. And if I recall well, the issue of storage of the blockchain was studied by Satoshi in the initial paper. The conclusion was that even without Merkle trees, it would not be a problem.

One more question: is the 50/50 ratio between miner rewards and folder rewards set in stone? My bet is that it will end up rewarding miners more if the coin goes mainstream, since there will be many more folders than miners (everybody has a computer, not everybody wants to invest into an ASIC). More people = less rewards.

[fran2k]

Folding payouts are done by our folding pool(s), which will count your stats, find what percent of total CureCoin folding efforts your folding represents, and pay out that percent of the daily 45% of the network

I don't get how that 45% the coins are emitted.

[CryptoBullion]

the folding pool should go live a day early so people can take time to get going with it. then 24 hours later the rewards start with the asic mining. The pool can just have a reset when the asic mining goes live.

the temp pool that is there right now will that turn into the live pool?

For instance if you have multiple machines would you need to install fah on all and use the same username? or will each one require a new user name to match with the folding pool?  for instance can 10 machines connect to fah with the same user and pass and will that all register on the folding pool you guys are creating?

yes, u can connect as many machines as you want to one username. the temp pool will turn into a live pool... feel free to sign up and fold now if you like.... FYI there is no rewards in this pool, but u can certainly log in and start folding to make sure you're ready for launch day.

The Franko Folders pool is active and paying out at http://cryptobullionpools.com , you can earn frk there right now, while still preparing for launch of curecoin.

[CryptoBullion]

Wouldn't it have been better to just merge mine the coin into bitcoin and give less reward to that side?  I mean the whole thing about this coin truly is the folding side of it, but instead of maximizing the incentive to fold, you cut the potential folding economy in half.  The more money going to the folders the more people will fold and I believe the idea behind this to get more people to fold. Whereas if it were merge mined it would get mined regardless with a high hash rate. Maybe I'm over thinking it...

I agree. Have you considered PoS instead of PoW ?

the coin base is going to be sha 256 POS

[CryptoBullion]

So, a few questions:
- I sign up on FAH with the username Vorksholk just to troll you. Do you receive your rewards, my rewards (i.e.: 0 because I'm a troll) or both?
- If both, then why wouldn't I be able to register to your folding site with the username "anonymous", which is the username totaling the highest numbers of point on FAH?

1. I guess u could be nice to Vorksholk and donate your points to his name...... Vorksholk already has a big gpu rig.. if ur gonna donate points u should give them to cygnus and his one card setup lol.

2. Heh... like Im gonna spend all this time making this system and not have already thought to block payments to Anonymous ?


Good questions though... but as u see... we have taken this seriously...

[arkanaprotego]

2. Heh... like Im gonna spend all this time making this system and not have already thought to block payments to Anonymous ?

Well, anonymous is the most obvious example, but I can basically choose anyone who does not have a Curecoin account and will therefore never complain about missing payments. If anonymous does not work, I can move down the list. PS3 for instance. You cannot block everybody.

[CryptoBullion]

2. Heh... like Im gonna spend all this time making this system and not have already thought to block payments to Anonymous ?

Well, anonymous is the most obvious example, but I can basically choose anyone who does not have a Curecoin account and will therefore never complain about missing payments. If anonymous does not work, I can move down the list. PS3 for instance. You cannot block everybody.

go ahead and try... it wont work... ..... .... .....

yes, i can and have made it so that you can not just pull some random user from FAH network......

i see u have no faith in my coding skills.... yet i see you folding away on the team... why? youre not trying to scare off others so u can try to get all the curecoin for urself?

[CryptoBullion]

Wouldn't it have been better to just merge mine the coin into bitcoin and give less reward to that side?  I mean the whole thing about this coin truly is the folding side of it, but instead of maximizing the incentive to fold, you cut the potential folding economy in half.  The more money going to the folders the more people will fold and I believe the idea behind this to get more people to fold. Whereas if it were merge mined it would get mined regardless with a high hash rate. Maybe I'm over thinking it...

I agree. Have you considered PoS instead of PoW ?

the coin base is going to be sha 256 POS

i missed something there from rumlazy when i made this comment...

Asics can not fold ..... so there is no more potential for folding that we are cutting out.... unless u have some kind of super space age asic that isnt really an asic and can switch from sha 256 to protein folding....

[CryptoBullion]

2. Heh... like Im gonna spend all this time making this system and not have already thought to block payments to Anonymous ?

Well, anonymous is the most obvious example, but I can basically choose anyone who does not have a Curecoin account and will therefore never complain about missing payments. If anonymous does not work, I can move down the list. PS3 for instance. You cannot block everybody.

im trying to put 2 + 2 together here... u just registered your username yesterday.... have only 4 posts... and while i take into consideration what your 4 posts contain i come to the conclusion:
1. you are either from stanford here to get more info...
2. or ur here just to spread fud

i think its #1, i hope so.. cuz Fud is a waste of our time

[arkanaprotego]

Haha

Don't take it against you, it is just that I wish to see the project succeed as well, so I'm probing for flaws. Since I can think of many and no details were given to reassure me, I can only speculate.

So yes, do expect me to look for flaws, but only so they can be addressed (if there are any in the first place). Errors can be made, but they need to be addressed properly. In open-source projects, I think it is everybody's duty to think critically.


As a side note, some people were talking about exploiting Gridcoin with modified clients, further up in the thread. Let me say that I am not convinced at all by the announced fix. Including the BOINC hash into the chain does not change the fact that this md5 hash is reported by the client. Yet nobody raised an eyebrow. Did I miss something important there, or is the fix still flawed?

[CryptoBullion]

Haha

Don't take it against you, it is just that I wish to see the project succeed as well, so I'm probing for flaws. Since I can think of many and no details were given to reassure me, I can only speculate.

So yes, do expect me to look for flaws, but only so they can be addressed (if there are any in the first place). Errors can be made, but they need to be addressed properly. In open-source projects, I think it is everybody's duty to think critically.


As a side note, some people were talking about exploiting Gridcoin with modified clients, further up in the thread. Let me say that I am not convinced at all by the announced fix. Including the BOINC hash into the chain does not change the fact that this md5 hash is reported by the client. Yet nobody raised an eyebrow. Did I miss something important there, or is the fix still flawed?

ah, understood. And thank you for support to the project.  we can keep it a secret if ur from stanford

As far as gridcoin, id prefer to discuss it on the gridcoin thread ...Ive not reviewed the code since the "patch".

i probably will not be visiting that thread.. i dont have much interest in it... cpu only  :/

[traderman]

There are security options being worked on Gridcoin that will make it very difficult for anyone to tamper with the work from Boinc or the client. All of that stuff is being take care. I also like the idea of Curecoin and I hope it succeeds because the scientific advancements in protein folding have implications for everyone on the planet. So it is not just about money here. Even if you don't have anything to do with crypto you might benefit from the advancements that can come from these kinds of projects. So I am rooting for both to be picked up by the miner community and I hope both eclipse Bitcoin and Litecoin. And when Curecoin is launched I will put some of my mining rigs on it and give it some support too.

Haha

Don't take it against you, it is just that I wish to see the project succeed as well, so I'm probing for flaws. Since I can think of many and no details were given to reassure me, I can only speculate.

So yes, do expect me to look for flaws, but only so they can be addressed (if there are any in the first place). Errors can be made, but they need to be addressed properly. In open-source projects, I think it is everybody's duty to think critically.


As a side note, some people were talking about exploiting Gridcoin with modified clients, further up in the thread. Let me say that I am not convinced at all by the announced fix. Including the BOINC hash into the chain does not change the fact that this md5 hash is reported by the client. Yet nobody raised an eyebrow. Did I miss something important there, or is the fix still flawed?

[cryptohunter]

http://cryptobullionpools.com/

is the pool live right now because i don't see any stats showing now that i'm testing it out?

Is it in real time ?  or does it just update daily ?

[Joe_Bauers]

Announcing Curecoin!

Congrats, it looks like you've made a lot of progress!

[CryptoBullion]

http://cryptobullionpools.com/

is the pool live right now because i don't see any stats showing now that i'm testing it out?

Is it in real time ?  or does it just update daily ?

yes pool is live, there is going to be a cool announcement soon regarding that folding pool 

Updates are once per day, WU's take much longer to complete.... cpu wus can take up to 4 days + even midgrade gfx cards will take 12 hours for a lot of wus. So yes there is much difference with the folding compared to mining, were u see your shares stacking up instantly.

[cryptohunter]

http://cryptobullionpools.com/

is the pool live right now because i don't see any stats showing now that i'm testing it out?

Is it in real time ?  or does it just update daily ?

yes pool is live, there is going to be a cool announcement soon regarding that folding pool 

Updates are once per day, WU's take much longer to complete.... cpu wus can take up to 4 days + even midgrade gfx cards will take 12 hours for a lot of wus. So yes there is much difference with the folding compared to mining, were u see your shares stacking up instantly.

ok great, is there anyway to see if i have it hooked up right?  i see about 140k ppd estimate in the fah so hopefully it is working away okay, guess i will tell tomorrow.

[yeltz]

Hey guys,

I just got caught up with this tread.
I wanted to thank everyone for your feedback, concerns and criticism - they're all appreciated. As you can see, a lot of these things have already been addressed, but so far as I'm concerned, keep them coming. It's going to mean a more solid project for everyone.

[Vorksholk]

Hey guys,

I just got caught up with this tread.
I wanted to thank everyone for your feedback, concerns and criticism - they're all appreciated. As you can see, a lot of these things have already been addressed, but so far as I'm concerned, keep them coming. It's going to mean a more solid project for everyone.

Agreed! If you see some kind of flaw, let us know, sooner is better than later.

[cygnusxi]

Hey guys,

I just got caught up with this tread.
I wanted to thank everyone for your feedback, concerns and criticism - they're all appreciated. As you can see, a lot of these things have already been addressed, but so far as I'm concerned, keep them coming. It's going to mean a more solid project for everyone.

thanks yeltz, I agree, we are moving forward with addressing some issues of being able to make a coin like this. For example... since this coin has a large amount of potential, we have had demands of our physical address's so we can be trusted with the dev fund. Since that post Ive proposed a couple ideas I had as backup, figuring that the community would not want to put their trust in me at first.

Obviously coin devs dont want to give out their home address. Im going to look into renting a small office building to have as a headquarters for curecoin. A place where anyone average team folder or pro devs and come and discuss the future of curecoin. Planned meetings with open invites, all sounds good to me. Ive reached out many times to the community attempting to grow my team. Recent team / support growth is awesome. I a used to run a tech department, so I know how to organize a team well.

In the mean time... If anyone wants to join the skype curecoin chat room, just click the skype button to talk to cryptobullion on http://cryptobullionpools.com and we will add you.