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Author Topic: [ANN]CureCoin - CURECOIN TEAM HAS TAKEN RANK 1 ON FOLDING@HOME!!!  (Read 668210 times)
BTCTT
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April 03, 2016, 05:40:16 PM
 #3301

Been looking at CC the last few hours.  I'm lost.  I'm trying to understand it mostly from the investment standpoint.


1) Why are there two coins;  CC and Sigma?

2) Are the numbers on coinmarketcap incorrect?  How many coins do the devs have?  They are getting 3% of newly minted coins, correct? 

yes their will be 2 coin cc 2.0 and sigmax

cc 2.0 will be for folding
sigmax will be a "normal coin" using cc 2.0 technology

their is around 6m coin out there the reset is for paying folders

so the mkt cap is around 144k usd at the moment

the dev got 3% 
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annette786
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April 03, 2016, 06:02:26 PM
 #3302


yes their will be 2 coin cc 2.0 and sigmax

cc 2.0 will be for folding
sigmax will be a "normal coin" using cc 2.0 technology

their is around 6m coin out there the reset is for paying folders

so the mkt cap is around 144k usd at the moment

the dev got 3% 


Could you elaborate on this, or kindly direct me to a post with the logic for this? 

Something like...

When I install cc 2.0, x% of my hashing power is used to fold.  Rewards are paid from the a stockpile the devs have?  Sigma is a different coin, but how will it benefit CC 2.0 holders?

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April 03, 2016, 06:16:32 PM
 #3303


yes their will be 2 coin cc 2.0 and sigmax

cc 2.0 will be for folding
sigmax will be a "normal coin" using cc 2.0 technology

their is around 6m coin out there the reset is for paying folders

so the mkt cap is around 144k usd at the moment

the dev got 3% 


Could you elaborate on this, or kindly direct me to a post with the logic for this? 

Something like...

When I install cc 2.0, x% of my hashing power is used to fold.  Rewards are paid from the a stockpile the devs have?  Sigma is a different coin, but how will it benefit CC 2.0 holders?


you can look at the post from the dev a few page back
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April 03, 2016, 06:52:35 PM
 #3304

Been looking at CC the last few hours.  I'm lost.  I'm trying to understand it mostly from the investment standpoint.


1) Why are there two coins;  CC and Sigma?

2) Are the numbers on coinmarketcap incorrect?  How many coins do the devs have?  They are getting 3% of newly minted coins, correct? 

yes their will be 2 coin cc 2.0 and sigmax

cc 2.0 will be for folding
sigmax will be a "normal coin" using cc 2.0 technology

their is around 6m coin out there the reset is for paying folders

so the mkt cap is around 144k usd at the moment

the dev got 3% 


But why need another coin for folding?

We should have folding@home already. What's the difference?
merc84
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April 03, 2016, 10:02:16 PM
 #3305

Any progress fixing sync issues in SigmaX beta client?
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April 04, 2016, 02:02:45 AM
 #3306


yes their will be 2 coin cc 2.0 and sigmax

cc 2.0 will be for folding
sigmax will be a "normal coin" using cc 2.0 technology

their is around 6m coin out there the reset is for paying folders

so the mkt cap is around 144k usd at the moment

the dev got 3% 


Could you elaborate on this, or kindly direct me to a post with the logic for this? 

Something like...

When I install cc 2.0, x% of my hashing power is used to fold.  Rewards are paid from the a stockpile the devs have?  Sigma is a different coin, but how will it benefit CC 2.0 holders?


There is a pre-mined stockpile that the devs use to pay folders, who fold most efficiently with GPUs, and to pay people who secure the network, who generally use ASICs, like bitcoin.  The devs are working on an extremely high security new coin, which is to be resistant to even quantum computing, not yet perfected by NSA, Google, dwave, etc.  This is the one referred to as SigmaX currently, though the name has not been discussed publicly.
A portion of SigmaX would likely be paid over a period of time to holders of Curecoin 2.0, over a series of snapshot dates, similar to how Bitshares was paid to Bitshares PTS holders as of one snapshot date.  The snapshot would look at balances of Curecoin 2.0 addresses, and pay SigmaX to holders of Curecoin 2.0 proportionally.  Note that we are currently still in Curecoin 1.0, so once Curecoin 2.0 is ready, a snapshot will likely be used to issue all of CC 2.0 to replace the issued CC 1.0, then the CC 1.0 network, including all pre-mined  coins, would be burned.  The exact proportions of SigmaX, and rating of mining are still being discussed, but only publicly for the last several weeks, to my understanding. 

Note that the reason for this spinoff of SigmaX from Curecoin is that even though Curecoin 2.0 will have the ability for the folding@home program to issue certificates (new coins), they have not agreed to do so.  Other research facilities may be able to do so in the future, but it is speculative to expect it.  Anyway, in the meantime, a pre-mine will be neccessary in order to pay folders for CC 2.0.  However, SigmaX will run without the need for the devs to have a premine, similar to most cryptocoins, including bitcoin. 
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April 05, 2016, 03:02:22 PM
 #3307

u know that u can avoid premine by add a share to each block that is send to dev team and dev team pay folders from that income

if CC2 have for example POS3 with static blockreward u can just move 90% of that blockreward to dev team and daily dev team split that between folders

this way

no high coincount with coins not in circulation
no risc of premine dump
dev team never store more than 1 day folding payouts

there is absolute no need for a seperate sigmax



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April 05, 2016, 03:45:05 PM
 #3308

u know that u can avoid premine by add a share to each block that is send to dev team and dev team pay folders from that income

if CC2 have for example POS3 with static blockreward u can just move 90% of that blockreward to dev team and daily dev team split that between folders

this way

no high coincount with coins not in circulation
no risc of premine dump
dev team never store more than 1 day folding payouts

there is absolute no need for a seperate sigmax




Sigmax has nothing to do with CC 2.0... Sigmax is just to make sure some else doesn't clone the coin.

CC 2.0 is for folding
Sigmax only use cc 2.0 technology (no folding)

But it will be clearer when Sigmax is launch
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April 05, 2016, 08:37:27 PM
 #3309

its very confusing if people state here infos like facts but different people opposite meaning

can there be a official explaination of the system

so we can get a idea of the facts how it is designed

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April 05, 2016, 10:41:48 PM
 #3310

its very confusing if people state here infos like facts but different people opposite meaning

can there be a official explaination of the system

so we can get a idea of the facts how it is designed

You can read just a few pages back and find out what the dev has said about the subject.
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April 11, 2016, 11:09:51 AM
 #3311

no update  Huh
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April 13, 2016, 10:54:44 PM
 #3312

and if u think u have to go with sigmax to present the world a better secure key system then u to late anyway

example NEXUS NIRO have this already

please focus on CC2 as a single coin solution

and see sigmaX as what it is a prove of concept testcoin and not more

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April 14, 2016, 01:30:56 PM
 #3313

There is a vast difference between the methods used for CC2.0 and Nexus I would suggest you read the  CC2.0 whitepaper.

http://1.curecoinmirror.com/Curecoin%20Signatures%20Compressed.pdf

CC2.0 will use merkle trees of lamport signatures, Nexus uses 571bit priv keys.
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April 15, 2016, 02:51:41 PM
 #3314

There is a vast difference between the methods used for CC2.0 and Nexus I would suggest you read the  CC2.0 whitepaper.

http://1.curecoinmirror.com/Curecoin%20Signatures%20Compressed.pdf

CC2.0 will use merkle trees of lamport signatures, Nexus uses 571bit priv keys.

thats nice and might be a step ahead

but for normal users the point they understand is

NEXUS addresses are more than double as secure bitcoin addresses

CC2 will be able to say maybe we are 15x more secure than bitcoin

but as NEXUS didnt get a big impact by higher security CC2/SigmaX wont get just because of that too

the real point that make curecoin great is the combination with folding and valueable research rewarded with this coin

SigmaX would canabalize CC2 (by take away a industry first feature from CC2) and damage it way more than it helps

as i explained before if u have no partnership with universities and the certificate part
make CC2 have a addition POS part with fixed blockrewards (POS3) and send 80% of that rewards (and 80% of POW rewards too) to the dev managed reward folder pot which each day will be split between folders

this way no premine needed no certificates needed u have a hybrid POW/POS secured coin and u reward folders

all needed for this solution is existing already in bitcoin based coins and u sure can adopt the code logic towards ur codebase


in my opinion u win nothing by utilize that certificates thing u just add a point that u required university cooperation
for now all u need is visible folding statistics no further cooperation needed

and manage a 1 days POW/POS folding pot to split need trust but lot less that u manage a 80% of total coins premine as in CC1

dont waste time and move on with a solution that u can do and give us CC2 this way and move SigmaX back where it belong to into lab as a prove of concept that should never see the market

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April 15, 2016, 06:09:23 PM
 #3315

Hey everyone, SigmaX Beta 3 coming this weekend to patch the desynchronization issues.

There's quite a bit of confusion about SigmaX in the last two pages, so I'll give the 2-minute summary:
Curecoin 2.0 and SigmaX are different blockchains. Neither exist yet (both are in testing). They share much of the same code base, and in general development of one contributes to development of the other due to their similarity.

Curecoin 2.0 is our main/primary focus, and contains several unique features over Curecoin 1.0 and other existing cryptocurrencies, namely quantum-computer-resistant signatures, a mini-blockchain, a "jigsaw" blockchain that uses PoS as a security mechanism without the risks exposed by traditional PoS, and a certificate blockchain.

Since the certificate blockchain forces Curecoin 2.0 to be more centralized than some people in the crypto-community are comfortable with, we expect someone to create a pure-PoW fork of Curecoin 2.0 when it finally launches. As a preemptive measure, we figured we'd develop that PoW solution ourselves, so that it contributes to the Curecoin ecosystem.

Holders of Curecoin 1.0 (the only 'real' blockchain we currently maintain) will be able to convert their Curecoin 1.0 holdings 1:1 to Curecoin 2.0. The networks will run simultaneously, with Curecoin 2.0 eventually replacing 1.0 in its entirety, once the conversion period is over.

SigmaX will be PoW. PoS may be added, that's still up for discussion. People who own either Curecoin 1.0 or Curecoin 2.0 during the first (year? 6 months?) after launch will receive weekly payments of SigmaX as an extra reward for participating in Curecoin.

Curecoin 2.0 will be 'mined' by folding. SigmaX will be mined by hashing of some fashion (probably using a hard-drive mining algorithm as was pioneered by BURST).


If there's still any confusion as to how all of this fits together (it's confusing, I know), let me know and I'd be happy to explain further.

As I mentioned before, this weekend SigmaX beta 3 will be public, to do additional stress testing on my fixes for the blockchain synchronization issues people reported in beta 2. Thanks!

Fold Proteins, earn cryptos! CureCoin.
https://bitcointalk.org/index.php?topic=603757.0
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April 19, 2016, 04:36:33 AM
 #3316

As promised, SigmaX beta 3: http://1.curecoinmirror.com/sigmax/SigmaXTestnetBeta3.zip Thanks for testing!

Fold Proteins, earn cryptos! CureCoin.
https://bitcointalk.org/index.php?topic=603757.0
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April 19, 2016, 05:07:01 AM
 #3317

which block are we now on sigmaX testnet?

not hashing, folding and curing (check FLDC merged-folding! reuse good GPUs)
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April 19, 2016, 05:04:33 PM
 #3318

I think the main issue Curecoin has been running into is being severely ignored here.

The price per coin does not relate to the market cap.

What I see is that continual pumps are simply dumped for quick profit, because there is no incentive to hold. I mean seriously, there is no incentive whatsoever to buy and hold other than the very slight possibility of curing a disease.

There is literally nothing on the website that talks about what Curecoin is actually accomplishing, future goals, or how the computing power is being utilized (like a pie chart for computing power for each disease). Buying Curecoin is like dropping money into a black hole and hoping for the best. What is my money funding? Has the research made any progress? Who are the scientists that use the information? Where is the research facility located (at Stanford only, or more places)? Why isn't there monthly/weekly/daily updates? There should be a constant stream of information from the Curecoin team, to investors and the public, not only about the coin itself, but the direct influence the coin is having on a PERSONAL level. Dev updates are nice, but they really only affect people that understand the coding behind it, which is a very limited number of people. Give out information that everyone can benefit from, because the mob rules.


I hope my point is seen clearly.


Thanks,
Cody
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April 19, 2016, 05:05:19 PM
 #3319

any news?about update?

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April 19, 2016, 10:22:42 PM
 #3320

I think the main issue Curecoin has been running into is being severely ignored here.

The price per coin does not relate to the market cap.

What I see is that continual pumps are simply dumped for quick profit, because there is no incentive to hold. I mean seriously, there is no incentive whatsoever to buy and hold other than the very slight possibility of curing a disease.

There is literally nothing on the website that talks about what Curecoin is actually accomplishing, future goals, or how the computing power is being utilized (like a pie chart for computing power for each disease). Buying Curecoin is like dropping money into a black hole and hoping for the best. What is my money funding? Has the research made any progress? Who are the scientists that use the information? Where is the research facility located (at Stanford only, or more places)? Why isn't there monthly/weekly/daily updates? There should be a constant stream of information from the Curecoin team, to investors and the public, not only about the coin itself, but the direct influence the coin is having on a PERSONAL level. Dev updates are nice, but they really only affect people that understand the coding behind it, which is a very limited number of people. Give out information that everyone can benefit from, because the mob rules.

I hope my point is seen clearly.


Thanks,
Cody

i think its early adopter accumulation phase
where lot people happy with low prices and misleading coinmarketcap
that show far more existing coins that real exist

the steps u describe should be part of the combines marketing and promotion efforts when CC2 launches and create synergy effects

set that steps now would be wrong and waste of gun powder


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