Good episode, nice to have friendly people focusing on education.
- Email: [email protected]
- Public Bitcoin Addresses:
- Posts Authored: 25
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3,862 viewsCategories: XCP Weekly Update PodcastJune 7th, 2015 by pooktwo
Robert Ross is a Counterparty Foundation Community Director and the Director of FoldingCoin Inc. Each week Robert will bring you the news of what has been going on in the Counterparty communities and also touching base on the other Bitcoin 2.0 communities. You can find a complete breakdown of everything discussed on this show by going to this XCPassets.org news blog.
Thank you to ["Cyrus Youngman and the Kingfishers"](http://cyru...Read More
3,800 viewsCategories: XCP Weekly Update PodcastJune 2nd, 2015 by pooktwo
Thanks for listening to the first episode of XCP Weekly Update! Here are the topics discussed in the episode:
Counterparty News - Update Blog HERE
- The support ticket system has been completely moved over to the Counterpartytalk.org forums and support.counterparty.io will no longer work. You can still send private tickets as explained in the provided link. A big thanks goes out to Counterparty forum user “Something” for tak...
2,564 viewsCategories: General
2,051 viewsFebruary 5th, 2015 by pooktwo
Written by the FoldingCoin Inc Team
On February 5th, 2015 FoldingCoin Inc. is introducing Merged Folding to our platform. This allows other cryptocurrency projects to partner with FoldingCoin, sharing our distribution platform in combination with the LTB asset distributor. These projects can distribute based on the [email protected] (FA...Read More
4,826 viewsCategories: Guest BlogAugust 27th, 2014 by pooktwo
My name is Robert Ross and I am the founder of FoldingCoin (http://www.foldingcoin.net). This story I am about to tell will sound very familiar to other BTC and ALT miners but for those who always wanted to mine but never could, please read as you will like the possibility of perhaps being able to mine a coin.
When I first heard about Bitcoin the date was March 19th 2013 and Bitcoin was trading around $57 per each BTC. The thing was, I didnt even care about the price at the time. I was so interested in my friend telling me about the qualities that BTC had to offer. Even though I have been in the IT world for years I had never even heard of the concept of grid computing. I was completely inspired by this new technology that after talking about it with my friend for about 3 hours, we saw the time was only 8:30pm, so we headed down to an electronic store and bought ourselves 2 Radeon HD 6970s and started mining our first Bitcoins at around 3 oclock in the morning.
Then all we talked about was how great Bitcoin will be for the word, until the great day of April 9 when the price started to go crazy. We then went out and got another new computer with 2 Radeon HD 7950s going because we saw the potential of making money. From that time until July 2013 we went from mining BTC to ALT coins because of the ASICs. But as all you other miners know, the ALT coin game ended around March for GPUs and CPUs when the Scrypt ASICs came out. So in March I turned my rigs (totalling 34 GPUs and 8 CPUs) off and looked for a new solution. Then for the first time I discovered grid computing outside of Bitcoin.
I first found a site called BOINC http://boinc.berkeley.edu/ and I was instantly hooked on research. Apparently Bitcoin was not the first grid computing project out there. BOINC offered hundreds of different projects ranging from finding aliens to creating medicines. I thought this might be the answer. After I installed BOINC on my machines, I learned that most projects were not ATI friendly (most miners will have ATI cards) and the installation was not as user friendly as I would have liked for a general PC user.
Then I discovered a different project not on the BOINC platform that was called [email protected] http://folding.stanford.edu/, which only worked on one project, and which folds proteins for medical research. It takes your CPU and GPU power to simulate the folding of proteins in your body, which helps medical researchers better understand how different proteins work. This work can lead to the development of new medical papers and new medicines used for all of humanity http://folding.stanford.edu/home/faq/faq-diseases/. Because their focus is on one project, the development of their program is further along than most BOINC projects. It is easy to set up, with little configuration, and the development team seems to be significantly stronger at Stanford than at other BOINC projects. Within five minutes of setting up the folding program on all my rigs, I was folding proteins.
This led me to an idea. Why not distribute a CounterParty asset to those that fold on the network? So me and my team have created FoldingCoin (FLDC) http://www.foldingcoin.net. The advantages of this can be far greater than having an ALTcoin with its own blockchain.
Since FLDC shares the bitcoin blockchain, folders rely on Bitcoin and CounterParty developers to introduce new updates to the coin, such as security, stability, and GUI. This allows our team to not focus on development of the coin itself, but rather focus on the adoption, distribution, and economy of the coin.
No energy is wasted securing a blockchain, all resources can be used strictly for [email protected] work units.
The only chance for a 51% attack is if it happens to the Bitcoin network. BTC miners approve the transactions
When you send FLDC to another wallet you are also sending a small amount of BTC in addition to FLDC
Distribution has been locked by the CounterParty protocol ensuring that even the developers of the coin cannot introduce more into the market
Possibility of having holders of FLDC to vote on different changes to the coin, similar to how SWARM has holders vote on company decisions.
This is not only a coin, but an alternative to traditional mining. And for those that always wanted to mine but never could, you now can take any CPU (yes even a pentium III) and begin to help Stanford reach its goal of 1 million computers (at the time of writing 170,000 computers are connected http://folding.stanford.edu/home/) because even if you do not produce nearly as much as some of the top folders on the team, your CPU is still essential in creating one great big grid computing system. The value backing FLDC is the fact that it represents a certain amount of time spent doing computational work for the [email protected] Network. Most coins contribute only a blockchain that will die after awhile to the world, FLDC offers something else.
Our team is also currently developing a use for the coin, and that is to become the currency of MeetUp.com groups. We are still working hard on how to make this happen, but the general idea is, that since most everybody has a computer, this coin can easily be created by anyone a part of any MeetUp.com group. FoldingCoin.net will give any MeetUp group 10,000 FLDC (from our personnal funds) to any MeetUp organizer that wishes to implement this program in their MeetUp. FLDC can be distributed to members as organizers see fit. Perhaps they give 100 FLDC for attending a meeting, or 200 FLDC for bringing a friend. Maybe even 1000 FLDC for bringing a professional speaker to their meeting. Since each MeetUp is unique the rewards program may vary, but we are working on a general guideline. And this is not to be limited to just crypto MeetUps, if this is used by any MeetUp it will not only help create medicines for Stanford, but help the adoption of BTC and FLDC.
This also gives a chance to eliminate cryptoswitching that hurts the difficulty of each ALTCoin. Since there is no blockchain and difficulty, once you fold with Stanford there is no other coin that you can switch to automatically. And [email protected] has an established amount of folders, besides the BTC network, it is the larger grid computing system in the world. And bringing all miners to their program can as much as triple their current network.
Please consider helping to join our team and create medicines that will help all of humanity and help make FLDC a great coin. Even if you dont want to fold please consider buying FLDC off of those that have them to show that you support the fact that they fold. Email me at [email protected] with any questions. Thank you everyone for being the greatest online community in the world!Read More