Re: bitcoin as a global medium of exchange (was Re: Interesting take on Sanjuro's Assassination Market)

On Mon, Nov 25, 2013 at 6:12 PM, David Vorick <david.vorick@gmail.com> wrote:

... Nobody cares how many petaflops the network is pulling, because the petaflops can't be put to use somewhere else... But if the mining was based on cloud storage, a dramatic drop in the price of the currency would result in a dramatic drop in the cost of storing data on the network.

i like the idea of "proof of _useful_ work" applied here to storage. if only mining had been applied to BOINC, GIMPS, or *@home efforts... surely there is prior art?