26 Nov
2013
26 Nov
'13
2:20 a.m.
On Mon, Nov 25, 2013 at 6:12 PM, David Vorick
... 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?