Re: Blockchain for useful public compute power?

Hi Tim,

It is an interesting idea, a small example of this is Primecoin, in 
which PoW is used to calculate prime numbers. But I think your idea goes 
beyond it.

http://primecoin.io/

Regards,

Jordi


El 09/07/17 a les 11:38, Timothy Holborn ha escrit:
> I stumbled across a post by Christopher Allen[1] and pondered the 
> concept of building a blockchain like method, that used compute tasks 
> for useful public purpose in addition to the value orientated outcome.
>
> Ie: useful purpose might be something like SETI[2]; but perhaps also 
> more flexible, so a marketplace of 'bounties' could be used to create 
> the economics around the compute.  users/clients could select the 
> projects they want to do, like a share-trading platform.
>
> The output might also be a tradable 'normalised currency' like output 
> for the compute provider, like an amount of bitcoin or similar.   
> Theory was to figure out how that might bring about a more efficient 
> use of energy?  may also be a means to extend something to be 
> inclusive of labour in addition to compute/processing/energy consumption.
>
> Yet, in the initial idea; was that 'smart actors' might use their 
> computational 'agents' to use the energy they consume to generate more 
> value than it cost them.  bit like a knowledge/compute economy 
> framework...  The economic outcome of a particularly hard problem 
> might be worth alot more overtime, contributors end-up with a proof of 
> stake, et.al <http://et.al>.
>
> just an idea,  thoughts?  any references?
>
> tim.h.
>
> [1] https://twitter.com/ChristopherA/status/883874266944491520
> [2] https://en.wikipedia.org/wiki/SETI@home