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Question: Would you rather have your processing power used to do something useful?
Yes - 6 (42.9%)
No - 8 (57.1%)
Total Voters: 14

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Author Topic: Mine for something meaningful?  (Read 1478 times)
bitcanada (OP)
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May 19, 2011, 11:55:26 PM
 #1
Hi All,

I'm wondering, right most of the bitcoin processing power is used to resolve blocks, which are not used for anything except as "proof of work"?

What if instead bitcoin was implemented to do something useful, like help folding@home? Wouldn't that be better? Please vote!
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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goatpig
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May 19, 2011, 11:58:34 PM
 #2
no
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May 20, 2011, 12:00:26 AM
 #3
ideally that would be good but bitcoin is not implemented that way for a number of good reasons.
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May 20, 2011, 12:00:34 AM
 #4
If that can be done then you should show us how. It's like saying "Hey, all that work you're doing to make medicine should make food at the same time". Yes, that would be great. Please tell us how to do it.
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Garrett Burgwardt
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May 20, 2011, 12:01:20 AM
 #5
Quote from: bitcanada on May 19, 2011, 11:55:26 PM
Hi All,

I'm wondering, right most of the bitcoin processing power is used to resolve blocks, which are not used for anything except as "proof of work"?

What if instead bitcoin was implemented to do something useful, like help folding@home? Wouldn't that be better? Please vote!

We're already hashing something important, security work for the bitcoin block chain and economy.

Also, it's so far been impossible to find a way to make other 'more useful' data work as proof of work.
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May 20, 2011, 12:16:25 AM
 #6
Quote from: goatpig on May 19, 2011, 11:58:34 PM
no
theboos
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May 20, 2011, 12:45:03 AM
 #7
theymos
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May 20, 2011, 01:58:21 AM
 #8
I voted "yes" because Bitcoin mining is useful.
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May 20, 2011, 02:07:23 AM
 #9
Quote from: theymos on May 20, 2011, 01:58:21 AM
I voted "yes" because Bitcoin mining is useful.

Rebel!
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May 20, 2011, 07:33:40 AM
 #10
OP, why do you beat your wife?
Tips are appreciated (very tiny tips are perfectly okay!) 13gDRynPfLH3NNAz3nVyU3k3mYVcfeiQuF
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