Cognicoin [LULZ]Introducing the first ever Proof-of-Thought (P.O.T.) Coin.
About:Cognicoin is an innovative new coin that is mined by concentrated thought processes. The more you think about it the more it manifests.
Due to it's high memory intensive algo it is unlikely that there will be a FGA/CPU/ASIC/GPU developed in the near future. Cognicoin will
revolutionize commerce as we know it - replacing credit cards, cash and other cryptocurrencies as the new monetary standard.
Technical specifications:Algorithm: Life (
http://www.ansatt.hig.no/suley/Publications/Algorithm_IC-AI06-SY-RB_CamReady.pdf)
Total coins: ∞
Block Times: tP (1 Planck time -
http://en.wikipedia.org/wiki/Planck_time)
POT interest: 6.66% per year
Min Thought time: 1 hours
Max Thought time: 30 Days
Anonymous Transactions: Done
Payment Cards: N/A
Android Wallet: N/A
BlockChain Explorer: 1000 LULZ Bounty
IMPORTANT: Getting Started:
Wallet:Mining:Depicted below is a properly configured mining rig
Increasing your mining resultsThis process is relatively new but there are a few known ways to maximize your results.
1 - Coffee
https://www.youtube.com/watch?v=Nw3erwWgT282 - DMT
https://www.youtube.com/watch?v=r9Rwi-tam1o3 - Ayahuasca
http://www.bluemorphotours.com/
Exchanges:CogniCoin's unique system is decentralized and only requires two users to project the amount of coins they wish to send to the other person;
Furthermore, eliminating the need for traditional centralized exchanges. Below you will find two of Cognicoin users syncing their blockchains.
Pools:Start a local pool in your area on meetup.com
Start thinking about mining today!
Disclaimer:There is a slight premine with this coin as I've been thinking about mining this coin while creating this post.