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Poll
Question: Are you satisfied with the new direction FLDC is taking?
YES - 28 (54.9%)
NO - 5 (9.8%)
NO OPINION - 12 (23.5%)
I don't know how to answer ultiple choice questions... - 6 (11.8%)
Total Voters: 51

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Author Topic: [ANN] FoldingCoin - MINE FOR MEDICINE- PHASE 2.0  (Read 308343 times)
FoldingCoin
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September 13, 2014, 06:52:32 PM
 #1

IMPORTANT ANNOUNCEMENTS
1. JULY MEETING: We are ready to start distributing merged folding coins again!
2. We have found a PHP developer to complete the renewed distribution system described here.
3. We are looking for extra volunteers that want to earn FLDC by helping out. Budget proposal can be found here.
4. We have just recently had a meeting that has sparked renewed interest in the FoldingCoin project. Read the recap and find the video link to the meeting here

Mine Medicine, Not Hashes


FOLDINGCOIN


FoldingCoin (FLDC) helps battle diseases like cancer and Alzheimer by contributing to the Stanford's Folding@Home network.
FLDC is a coin that rewards volunteers for contributing to this initiative. FoldingCoin is distributed on a monthly basis,
based on the individual contributions. This new currency can be transferred from person to person using the Bitcoin
 blockchain and the Counterparty protocol. Please visit our tutorial page for guides on setting up FLDC and FAH.


••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••
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Algorithm: Stanford Folding
Amount: 1,000,000,000 FLDC
Daily pay-out: 500,000
Coin halving: 1000 days
Distribution: LTB distributor
First Distribution:July 14 2014
Fundraiser: 10,000,000 (10BTC)
Promotional funds: 100,000,000
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Stanford Folding


What is Folding?
Folding@home is a long running project (2000) from the folks of Stanford University that lets your spare CPU or
GPU simulate complex protein folding. The results of all this distributed computation is tabulated and analyzed,
to help new find new medicines and cures to be derived to some of the worst diseases faced by man. But
there's a problem. There's no reward for sharing your computer cycles in this way. You can join a team
and you can earn points,
but there is no profit motive to help with research.





How to start Folding
With 2 simple steps, you can start earning FLDC:


Merged Folding Partners
New tokens can adopt the FoldingCoin distribution methodology and have their participants
receive he new respective tokens in addition to FLDC for their folding efforts.



Advantages FLDC & Counterparty
BTC miners hash the blocks for the transactions
Continued innovation by Counterpart developers
No TXs mining required
51%-attack-proof
No inflation
Secure


Robert Ross - FoldingCoin Inc Director - Personal Twitter: @pooktwoFLDC
FLDC Twitter: @foldingcoin - Skype: foldingcoin - Email: rross@foldingcoin.net
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September 13, 2014, 06:53:10 PM
 #2

Interesting and admirable cause, but the crowdfund is far overvalued in my estimation.

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September 13, 2014, 06:54:01 PM
 #3

Good luck
FoldingCoin
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September 13, 2014, 06:55:11 PM
 #4

1
Nice Smiley Please anyone email me at rross@foldingcoin.net for coin questions. I will also be actively on this forum. We have been very active on the LTB forums for the past 2 months so go to http://letstalkbitcoin.com/forum/post/asic-proof-altcoin-on-counterparty?page=1 for our original thread

Robert Ross - FoldingCoin Inc Director - Personal Twitter: @pooktwoFLDC
FLDC Twitter: @foldingcoin - Skype: foldingcoin - Email: rross@foldingcoin.net
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September 13, 2014, 06:56:44 PM
 #5

Interesting and admirable cause, but the crowdfund is far overvalued in my estimation.
I agree that it is overvalued, but we have the developer from the LTB website that is looking to do a complete overhaul of our website for only 6 BTC. 4 of the other BTC will be for distribution, and the last 10 will be for advertising. Its something to help get us off the ground, so far all cost are covered by myself and James our lead dev. The current value at masterxchange is 0.00000105

Robert Ross - FoldingCoin Inc Director - Personal Twitter: @pooktwoFLDC
FLDC Twitter: @foldingcoin - Skype: foldingcoin - Email: rross@foldingcoin.net
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September 13, 2014, 07:09:10 PM
 #6

Mining for Medicine looks like a good concept.

FoldingCoin
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September 13, 2014, 07:12:45 PM
 #7

Mining for Medicine looks like a good concept.
It is something that was very attractive to me once i first turned off my rigs in March due to the ASIC scrypts. It gives a chance for your energy not to be wasted either. We believe that we could potentially triple the FAH network with all the altcoin miners out there who can no longer turn a profit with GPU mining on altcoins. We are calling it "proof of useful work"

Robert Ross - FoldingCoin Inc Director - Personal Twitter: @pooktwoFLDC
FLDC Twitter: @foldingcoin - Skype: foldingcoin - Email: rross@foldingcoin.net
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September 13, 2014, 07:20:27 PM
 #8

good luck, like the idea

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September 13, 2014, 07:25:30 PM
 #9

Very nice! I really like reading about how you plan to setup the "Off-Chain Distribution System".
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September 13, 2014, 07:29:53 PM
 #10

Very nice! I really like reading about how you plan to setup the "Off-Chain Distribution System".
Thank you Smiley The man selected for the job is @cryptonaut from the LTB network, he setup their distribution system for LTBcoins and their website http://letstalkbitcoin.com/

Robert Ross - FoldingCoin Inc Director - Personal Twitter: @pooktwoFLDC
FLDC Twitter: @foldingcoin - Skype: foldingcoin - Email: rross@foldingcoin.net
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September 13, 2014, 07:38:32 PM
 #11

Where are the previous payout logs?
FoldingCoin
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September 13, 2014, 07:40:01 PM
 #12

Where are the previous payout logs?
All of the information about distribution can be found at http://foldingcoin.net/index.php/distribution-history/ and the detailed log of each participant can be found at http://foldingcoin.net/FLDC-Daily-Payout-Summaries/last7days.html

Robert Ross - FoldingCoin Inc Director - Personal Twitter: @pooktwoFLDC
FLDC Twitter: @foldingcoin - Skype: foldingcoin - Email: rross@foldingcoin.net
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September 13, 2014, 08:00:23 PM
 #13

Here is a blog we wrote covering the story and vision behind FLDC http://letstalkbitcoin.com/blog/post/foldingcoiu

Robert Ross - FoldingCoin Inc Director - Personal Twitter: @pooktwoFLDC
FLDC Twitter: @foldingcoin - Skype: foldingcoin - Email: rross@foldingcoin.net
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September 13, 2014, 08:17:27 PM
 #14

Excellent cause. I'm throwing a BL 30 gh/s and two Radeons your way.
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September 13, 2014, 08:26:30 PM
 #15

Excellent cause. I'm throwing a BL 30 gh/s and two Radeons your way.
That's awesome news! I know the radeons will work very well, but is the BL 30 you're referring to an asic miner? If so asics will not work

Robert Ross - FoldingCoin Inc Director - Personal Twitter: @pooktwoFLDC
FLDC Twitter: @foldingcoin - Skype: foldingcoin - Email: rross@foldingcoin.net
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September 13, 2014, 08:34:19 PM
 #16

looks interesting project, will see how it works   Wink

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September 13, 2014, 09:14:02 PM
 #17

looks interesting project, will see how it works   Wink
My favorite thing about this project is it has been great in getting my peers who are not in the BTC space or mining, to actually see a use for a crypto currency. I have gotten 3 friends who have never had an interest in BTC start participatin in FLDC since it helps humanity. This project can get the general public used to using cryptocurrency without having to buy bitcoin

Robert Ross - FoldingCoin Inc Director - Personal Twitter: @pooktwoFLDC
FLDC Twitter: @foldingcoin - Skype: foldingcoin - Email: rross@foldingcoin.net
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September 13, 2014, 09:18:45 PM
 #18

I will definitely be watching this one. The concept is interesting and the cause is a good one.

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September 14, 2014, 01:24:32 AM
 #19

I will definitely be watching this one. The concept is interesting and the cause is a good one.
Thank u and let me know if there is anything I can do to help you along the way. A good graph to watch our progress is http://folding.extremeoverclocking.com/team_summary.php?s=&t=226728 it has graphical layouts of folding production

Robert Ross - FoldingCoin Inc Director - Personal Twitter: @pooktwoFLDC
FLDC Twitter: @foldingcoin - Skype: foldingcoin - Email: rross@foldingcoin.net
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September 14, 2014, 01:32:41 AM
 #20

Can you fold with any computer or do you need a powerful one?
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