Does science need a bitcoin?

https://news.ycombinator.com/item?id=6410644
by jlebrech • 13 years ago
2 0 13 years ago

What if there was an electronic coin in which it's network were to actually solve real world computational problems relating to science.

Let's say a cure for a disease can only be found using a computer model, they could put a bounty on that cure and when that cure is discovered all the clients running the algorithm would be rewarded with a share of that solution.

Say it takes 1000 blocks to solve a problem worth $1m dollars you get a 1000th of the $1m bounty.

Those sciencecoins would have no value until the solution is found though.

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news.ycombinator.com