PookTwo

5 ms·

1.
by PookTwo 12y ago
But this has two issues if i am reading this right: 1. Since only Gridcoin has the information of the users, than what is to prevent them from creating fake accounts that they themselves hold and paying themselves more Gridcoins? 2. Unless
2.
by PookTwo 12y ago
I disagree. I think that Counterparty adds value to the Bitcoin platform. I envision BTC almost being like gold, not something that will ultimately be used everyday. I think a token built inside of Counterparty will be that everyday used to
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by PookTwo 12y ago
Fair enough, i did not know that, and i do love Gridcoin as they are supporting a different platform than us. I wish them the best of luck, though i do think they should move over to Counterparty rather than a new POS blockchain they have b
4.
by PookTwo 12y ago
But with FLDC, you can have both :) The ASIC miners for Bitcoin cannot fold proteins, we are trying to bring in the Altcoin miners still using CPU and GPUS
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by PookTwo 12y ago
Actually non of the money goes towards protein folding, its the power of the folders that does. All of the FLDC (money) goes directly to those that fold. As for the IPO, we dont need one. Since a counterparty asset is very easy to create, o
6.
by PookTwo 12y ago
The miners are there because Counterparty assets are built inside of the bitcoin blockchain. So without the miners hashing the blockchain, the transactions for CP assets (FLDC) will not go through. As for why not just donate to standford? Y
7.
by PookTwo 12y ago
Where there is profit there is competition. As a miner years ago, i was able to produce a lot of bitcoins with my GPU setup. When the ASICs came out i tried to compete, but simply did not have the capital. But other people did. And it wasnt
8.
by PookTwo 12y ago
if you are a certified medical researcher you can request to review the WUs. Many might not produce real results, but in the words of thomas edison: I have not failed. I've just found 10,000 ways that won't work.
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by PookTwo 12y ago
Heres a good analogy: Visa and the banks are the old way of doing things, they are analog. Blockchain technology and Bitcoin are digital. Years ago when analog signals had no longer been useful and became outdated, it became a law that all
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by PookTwo 12y ago
We love gridcoin as they are a different platform. Being able to payout the same crypto for BOINC and FAH would be hard because the credits values are different. You simply could not say half the Gridcoins go to BOINC and half go to FAH bec
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by PookTwo 12y ago
We actually just had a double spend try and happen to us. I cannot show you the links, because the blockchain already ignored them. What happened was: We run a fundraiser for helping in the expansion of foldingcoin http://folding
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by PookTwo 12y ago
Under the assumption that protein folding does get solved, we will simply transfer to the next humanitarian distributed computing platform out there. We would not even have to decide what this is, we could leave it up to the holders of FLDC
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by PookTwo 12y ago
We do not want this to be your everyday "buy and sell coin", as you can see on https://www.poloniex.com/exchange#btc_fldc when we arrived there, we had high value, but like all other altcoins, our value dropped. T
14.
by PookTwo 12y ago
Well said. A lot of my time in forums is spent explaining the benefits of Counterparty. It is a fantastic platform that allows anyone with any skill set to create an altcoin, known as an asset or token in the CP world. This is great because
15.
by PookTwo 12y ago
Your right, the currency directly does not do anything, but in the crypto currency space people love the altcions. There are arguments for both sides on the value and the need for altcoins but the fact remains that people mine them. The way
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by PookTwo 12y ago
Ah yes the ANTON :) We would love for this to become readily available to the public. However it is expensive at this point. But I love this source and will be calling this company very soon, thank you. Here is how we invision the ANTON cou
17.
by PookTwo 12y ago
I do agree that many altcoins are "pump and dump", as i have been a miner for years now. But also a lot of these altcoins never became incorporated and masked their identities, IPs, ext... We are fully open with who we are, with p
18.
by PookTwo 12y ago
Real quick, this forum does not allow me to post a lot of responses, so I encourage everyone to email me rross@foldingcoin.net or join in the discussion here https://bitcointalk.org/index.php?topic=781352.0 but i will stil
19.
by PookTwo 12y ago
The hashing function is the Bitcoin network. FLDC is simply in 140 bytes of data inside a BTC transaction. Thats why we chose to go with Counterparty, all computational power that users donate to the FAH program goes 100% in the project, an
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by PookTwo 12y ago
The counterparty protocol is built inside of the Bitcoin network. All assets (including FLDC) are built on this platform. It houses the assets inside of the Bitcoin network by using the 140 bytes of unused data in every BTC transaction. So
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by PookTwo 12y ago
Please read here http://foldingcoin.net/alttokens/ for a complete detail on the benefits of adding crypto currency to FAH. Also you can watch this 26 minute video (i still have to edit, but the information is there ht
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by PookTwo 12y ago
An attacker could alter the amount of points that they receive. It has happened in the past with Folding@home, but they have put measures in place to prevent this from happening again. Although it isnt a guarantee that someone will not find
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by PookTwo 12y ago
Hello, this is Robert with FoldingCoin :) I love that this discussion is here and I am replying to these comments right now. There is no way of decentralizing with the Counterparty platform. I encourage everyone to read all of the great fea