Why do cryptocurrencies use proof of work that only serves to do useless computations instead of using a computing power distribution system, so we could have a grid computer? The advantage is that those who spend money on powerful computers, but use it only for simpler things, could "exchange" that computing power that is unused for an amount of crypto and people who have weaker computers or people who need more computing power. computing will be able to access this without relying on a centralized company.
remote processing power is useless to people with personal computers
you can't use a connection to a computer half a world away to make your video game run faster
>video game run faster
>muh vidya
that's the only thing you need a fast computer for
>scientific computing
>3d modeling (not for games)
>remote processing power is useless to people with personal computers
we use it everyday
There are cryptos that do this, they never really took off. Probably -90% at the moment.
came here to post what this fine anon said
they actually built that years ago, those coins have shit value and IQfy drones don't care about it because it requires doing actual work, they only want to see number go up
for that to be implemented in a sane way, we would need a proper distributed OS
all datacenters already function as a big distributed OS
but that's more reason it's a shit idea, just pay people in USD for participating in the grid. nobody actually wants to get paid in crypto ponzi tokens
>all datacenters already function as a big distributed OS
all datacenters already function as a BAD big distributed OS
>but that's more reason it's a shit idea, just pay people in USD for participating in the grid. nobody actually wants to get paid in crypto ponzi tokens
At least with this implementation, you can get some immediate benefit (compute some stuff)
Primecoin was one I remember
>"exchange" that computing power that is unused for an amount of crypto
and where would that crypto come from, genius?
from the amout of computation you give
you know that the crypto has to be made FROM that computation power, right? so you arent giving any power away if it's being used to make crypto that pays the strong computers
you can use the computation power to compute some function that other user wants, instead of calculating some random hash function.
computing data the user wants can't be used to create cryptocurerncy
you have to run the useless function
>computing data the user wants can't be used to create cryptocurerncy
why?
>you have to run the useless function
why?
because that's how it works
crypto isn't just random computation, its an algorithm with specific cryptographic properites, and the result of that compuation is never going to be useful for anything else
no, crypto doesnt come out of thin air. you either compute the hash that generates the coin, or you compute whatever the other computer is requesting. you dont understand what cryptocurrency is
tl;dr no one has the balls, the vision and enough capital to make a truly ubiquitous distributed and decentralized system. the closest we got to was buttcoin and the bittorrent protocol.
tl;dr is that you dont understand crypto, OP
>truly ubiquitous distributed and decentralized system
no such thing
>no one has the balls, the vision and enough capital to make a truly ubiquitous distributed and decentralized system. the closest we got to was buttcoin and the bittorrent protocol.
Yeah, what i really wanted is this, a system that don't make a distinction between what is in or out of the network, everything is connected by default.
cardano
slow and steady wins the race
Explain, please
cardano gets shit on in IQfy and other crypto communities due to how slow it progresses, which makes sense if you only care about lines going up.
but its progress is slow due how rigorous and cautious the developers are. The chain itself is written in haskell and backed by a growing library of research which they provide to the public for free (https://iohk.io/en/research/library/).
they are heavily focused on deploying decentralized banking and identity solutions to african countries. by their logic 'if it can work in africa, it can work anywhere'.
algorand is better
>algorand is better
what makes it better?
Security, scale, and performance
>Security, scale, and performance
broad terms, elaborate
I'm not trying to shill you my bag or write a blog post. Just read the code, whitepapers, and test it out yourself next to cardano. Teal system is clean too. Turing complete smart contracts is idiotic unless you like waving moneyout a car window in a bad part of town.
>Turing complete smart contracts is idiotic unless you like waving moneyout a car window in a bad part of town.
Smart contracts made with solidity are shit
>The chain itself is written in haskell
The only thing in the world that uses haskell
Kadena
Pandoc is written in haskell
>they are heavily focused on deploying decentralized banking and identity solutions to african countries. by their logic 'if it can work in africa, it can work anywhere'.
Based Black person-proof methodology.
this would lead us to create a global computer that would accelerate and bring the singularity
If the work is useful, then it is cheaper to attempt to attack the network - a failed attempt is still worth something.
The work needs to amount to solving a hard problem for which solutions are easy to verify. It also usually has to have adjustable difficulty to account for fluctuations in total computing power across the network. This severely limits the kind of work that is appropriate.
Finally, even if the work is useful, the whole point is that all of the nodes compete to see who can solve the same problem first. So this would still result in almost all of the work being "wasted".
You need this property for crypto, otherwise it can not be used for an untrusted network:
>The work needs to amount to solving a hard problem for which solutions are easy to verify.
The next problem to solve also can't be arbitrary if it is really decentralized.
Write a white paper, genius.
A better question is why they didn't attach the work to something like folding at home, so at least the "work" wasn't pure nonsense.