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Bitcoin-like cryptocash which is tradeable for computation

There are huge computational resources devoted to the proof of work which authenticates bitcoin transactions, and I've been thinking about ways to turn all those resources to more broadly useful computations. I've come up with a design for a bitcoin-like cryptocurrency which in which computation in the proof of work can be purchased using the currency itself. The design's described in the PDF I linked at the project URL.
posted by Coventry on Feb 19, 2012 - 3 comments

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