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Monday 14 December 2015

Gridcoin, Proof of BOINC and the French Revolution

The french revolution was trigered by a financial crisis's, over spending by Frances royalty and all that fighting with the Brits. In the end it was a good thing and it reduced inequality, but it was a scary time. People where killed, people starved and the sanctity of the artisan, the way of life did come under fire. We owe a lot of our democratic development to France.

Going back further we had the Renaissance where the silk road and Marco Polo from Italy brought a heightened and combined culture to repressed feudal Europe over a long period of time. These social revolutions form the basis of whats good in the world.

This is all changing. With the internet and de-industrialisation in developed countries, i think that we are in the middle of a shift to something new. The question is "what is a revolution supposed to look like?"

For mellenials, Assassins Creed might come to mind. Jumping off balconies with a sabre in hand. Its all well and good to play but it's certainly not all glory when it's real. It's hard to tell whos on whos side and whose side is right, what the fighting is about and what the what the most important change is. What happened to peace and love anyway? Was the 60 and 70s a revolution? Its hard to know, but I think it's the feeling that counts. If your looking for the answer I'm pretty sure a Gridcoin guru will have a good one.

We have ddos attacks on banks, we have half a dozen new dark net silk roads in the place of the last one momentarily taken down, we have corrupt cia security officials. In the world in general we have terrorism in Paris and across the world, inequality and ongoing bailouts for banks now in the form of extended asset purchases in Europe. What once seemed quite good is all pretty messed up now and clearly deteriorating. One thing that makes sense, a shining light of goodness is the Gridcoin white list. A directory of projects approved by gridcoin users to contribute computer power to. 

In a world where money sometimes feel like its taken over an we want to fight that what can we do? “The pope says money is OK, capital is OK, but when money becomes a god, an idol, more important than man, that’s not OK - - whatever people in Wall Street think,” said Andrea Tornielli, author of “This Economy Kills,” on Francis’s thinking in a recent article. He may have a point. Some large corporations  now have power close to that of the catholic church. They have nit got the same moral compass that we are hoping for in our institutions. So often money drives companies to do socially destructive things. Somehow we need to try and make our economic system prioritise things that help the world as a whole and let us work together locally at the same time.

Gridcoin may be the answer your looking for. It uses a computer network system called BOINC. This is the largest network in the world, apart from bitcoin, but it uses computer power in a far more versatile way. Users can create useful projects requiring computer facilities and people can freely contribute to this. Projects range from cancer research to climate and earthquake monitoring, to asteroid tracking. Anyone with a computer and an internet conection can join. For doing this BOINC credit is recorded.

Traditionally BOINC credits were worth nothing more than kudos amongst scientists and computer nerds with computers catching fire in their basements, but now with Gridcoin they can be spent or converted to cash. There is a flash crypto wallet from which to save and send them, the wallet is actually sleeker than most bitcoin wallets! It's relatively easy to use even for mining, it's integrated into the wallet and can be profitable with no programming skills on a normal computer. In this way Gridcoin as can make money in itself a power for good.

For those in the know Gridcoin combines a variable proof of stake system with a proof of boinc system to manage wealth. This is how the crypto currency creates and distributes value in a fair way. It is revolutionary because it means that poeple who contribute the most good to the world as a whole end up being rewarded. Activities that may otherwise be unfunded or lost to the tragedy of commons can be upheld, like fixing global warming for example. What can be done is only limited to what we choose to put in the white list. The variable way that the POS and POB system works also helps to redistribute wealth more evenly among active members of the community.

Gridcoin can be the heart of some kind of science revolution. It things like this that can create a completely new type of world. Everyone who uses it can contribute. It's not science fiction it's the foundation for the temple of the new digital renaissance.

Container Tracking with Bitcoin

Having just moved into a new place in New Zealand which overlooks the harbour I came up with this plan for container tracking and custodianship.

Let me know if you like the idea or want to work on it?