New look at cryptocurrencies

[TTheaven]

Hi,

inspired by bitcoin and the fact that a lot of computing power is wasted and used only for coding the cryptocurrency, I thought maybe it would be worth using it better.

What do you think to create a kind of cryptocurrency (Flop$) that would be mined by offering computing power to research facilities, games streaming or cloud computing?

You would get a cryptocurrency for available your computer for calculations.

Flop$ would be received as payment for order (from the client) and by the fact of making the calculations, so that there would be new Flop$ constantly.

The Flop$ value must be stable and show the current value of the work done and capital used thus the Moor'ea law was used to determine the difficulties for the reward received.

In 2021 for 1 hour of work of the most modern CPU / GPU you would get 1 Flop$, and in 2023 according to the Moor's law, in 1 hour you would do 2 times more calculations by the latest CPU/GPU where you would also get 1 Flop$ for this job.

In the first six months, the Flop$ would be created by mining and by exchanging them for USD, money would be allocated to the development of the platform . After that period of time then there will be just mining.

What do you think about it? would you be interested to participate in such idea?

[blockman]

Saw a lot of ideas just like what you're talking about. Nothing beats bitcoin. It is the reality that anyone who thinks that it can be a better idea than bitcoin. And with all of those ideas that seem to be said and better than bitcoin, nothing can compare to bitcoin.
They slowly became out of the shore until they were all forgotten. It is easy to think that it can be such better crypto than bitcoin but if you will try to apply it, you'll see that it won't be a click because everyone is in bitcoin. And launching it at this time will make that project ignored if all eyes are on bitcoin.

[enhu]

Saw a lot of ideas just like what you're talking about. Nothing beats bitcoin. It is the reality that anyone who thinks that it can be a better idea than bitcoin. And with all of those ideas that seem to be said and better than bitcoin, nothing can compare to bitcoin.
They slowly became out of the shore until they were all forgotten. It is easy to think that it can be such better crypto than bitcoin but if you will try to apply it, you'll see that it won't be a click because everyone is in bitcoin. And launching it at this time will make that project ignored if all eyes are on bitcoin.

True. Many of us are even selling the tiniest altcoins they have been holding just to get BTC.
Flop will just be buried in the pile while Moore's law will be proven to be not working in crypto. Flop will have to prove to have a good use case, the investors today are becoming more intelligent, they just don't invest while the team just use the words like decentralized or blockchain.

[blockman]

Saw a lot of ideas just like what you're talking about. Nothing beats bitcoin. It is the reality that anyone who thinks that it can be a better idea than bitcoin. And with all of those ideas that seem to be said and better than bitcoin, nothing can compare to bitcoin.
They slowly became out of the shore until they were all forgotten. It is easy to think that it can be such better crypto than bitcoin but if you will try to apply it, you'll see that it won't be a click because everyone is in bitcoin. And launching it at this time will make that project ignored if all eyes are on bitcoin.

True. Many of us are even selling the tiniest altcoins they have been holding just to get BTC.
Flop will just be buried in the pile while Moore's law will be proven to be not working in crypto. Flop will have to prove to have a good use case, the investors today are becoming more intelligent, they just don't invest while the team just use the words like decentralized or blockchain.

Yes, it's the season that we should have bitcoin. Well, it's always the season that it's a must to own a bitcoin. I don't even want to mention the names of projects that have said before and even the name of the project that op is describing.
If there's potential, then let them have their own credit. But because of the ambitious goal of these projects aiming to become better than bitcoin, they should do something else.

[Kemarit]

I'm sorry OP but this is not a unique idea, it has been re-hearse many times already and I would say that the project die and it didn't get the support of crypto community. Maybe you would ask, then why Bitcoin is successful then?

Well it is the prime mover and there are incentives. Not downplaying your idea, but you also have to think of scaling in the future, that is if investors buy your idea.

[pixie85]

Bitcoin's computing power is not wasted. Your understanding of what happens to hash power is simply wrong.

Please give me your definition of wasted computing power. For me if someone used a supercomputer to play Mario, that would be a waste.

What you're proposing is renting out computing power through cryptocurrency. There are already businesses that offer this for fiat. It's nothing new.

[RussianEnglishTranslation]

Hi,

inspired by bitcoin and the fact that a lot of computing power is wasted and used only for coding the cryptocurrency, I thought maybe it would be worth using it better.

What do you think to create a kind of cryptocurrency (Flop$) that would be mined by offering computing power to research facilities, games streaming or cloud computing?

You would get a cryptocurrency for available your computer for calculations.

Flop$ would be received as payment for order (from the client) and by the fact of making the calculations, so that there would be new Flop$ constantly.

The Flop$ value must be stable and show the current value of the work done and capital used thus the Moor'ea law was used to determine the difficulties for the reward received.

In 2021 for 1 hour of work of the most modern CPU / GPU you would get 1 Flop$, and in 2023 according to the Moor's law, in 1 hour you would do 2 times more calculations by the latest CPU/GPU where you would also get 1 Flop$ for this job.

In the first six months, the Flop$ would be created by mining and by exchanging them for USD, money would be allocated to the development of the platform . After that period of time then there will be just mining.

What do you think about it? would you be interested to participate in such idea?

Who is buying flops to give it value? The science community? Maybe you should research how much they are willing to spend on the calculations you are gong to produce. If there are any platforms providing free calculations/folding etc., then you won't have much of a business case. Mining in itself does not create value.