[email protected] / FoldingCoin Mining For Medical Cures Part 1

[email protected] is a long running project launched in 2000 by Stanford University which allows anyone with spare CPU or GPU cycles to simulate protein folding. “Fold” is the process by which proteins assemble themselves.

If scientist can better understand folding through simulations they can design better therapies and drugs for many illnesses. “Protein Folding” is the process by which a protein structure assumes its functional shape or conformation. It is the physical process by which a polypeptide folds into its characteristic and functional three-dimensional structure from random coil.

Without getting complicated, protein folding simulations require an enormous number of calculations, so many that in fact every drop of calculating power helps. With any desktop, laptop, and even some phones (Android 4.4+) can pitch in by downloading the [email protected] software and running it. “In just 5 minutes you can add your computer to over 145,000 others around the world outputting 33,000 teraflops of computing power to form the world’s largest distributed supercomputer”

The [email protected] software is extremely easy to use. Not like most complicated mining software used to mine cryptocurrencies. You will not need to know any technical specifications of your computer or tinker with intensity, frequencies, or voltages. It even has an attractive web interface so, chances are, if you made it to this article, you will have no problem getting your computer to contribute.

You can easily decide how much power you want to devote to folding. You will be able to read email, surf web pages, or balance your check book because, folding runs in the background as a low priority process however, if you are wanting to watch a movie or play a graphic intense video game on your computer, you can turn folding to low power consumption or pause it completely at any time.

Additionally, If you mine for other cryptocurrency you can still run folding simulations at the same time. The impact on a scrypt mining rig is minimal and less than a 10% reduction of hashing speed.

You can even pick which protein folding simulations your computer will run. So your computer could be specifically helping Alzheimer’s, Cancer, Huntington’s, Parkinson’s, or just allow [email protected] to apply your spare computing power to running simulations for the disease it sees fit.

For example, you could help find a cure for your grandmother’s Alzheimer’s disease at full power while you sleep and help find a cure for cancer at low power while you do your computing tasks during the day.

The software can even operate only when your computer is idle, much like a screensaver, if you do not care to switch manually. Anyway you choose to do it, you can be helping improve lives.

In part two of this article, I will discuss with you FoldingCoin [FLDC], the token you can earn while contributing to [email protected]

Subscribe to our newsletter

Entrepreneur Tim Draper of Draper University has recently decided to back a new start up platform known as DataWallet.

DataWallet is claiming to be a free meaning no setup fees, subscriptions or any other hidden fees. They are also asserting that DataWallet is a completely anonymous platform which allows individuals to be paid for sharing personal data with advertisers in 3 easy clicks. No information will be personally identifiable offering a guarantee that no one will ever have access to any of your personal details.

DataWallet also states that all data protected through multiple layers of encryption promising the highest levels of online security available.

Once you set up your account DataWallet also lets you “choose your buyer” getting full insights as to which companies would like to purchase your data and for what purposes, as a user you decide who gets access and who does not. DataWallet can plug into various online accounts, including that of Facebook, Twitter, Eventbrite, Spotify, Airbnb, Uber, Amazon and more.

While it is not clear that bitcoin will be offered as a payment option, due to the fact that Tim Draper is backing this project it would be safe to say that it is a very strong possibility.

Since mid 2014 we have witnessed the mass extinction of many of the altcoin exchanges that had been in existence at the beginning of 2014.

The question is “what happened”? Many say it is due to regulations while others attribute the disappearance to fraud and abuse.

While a few cases can be chalked up to the above mentioned causes, noting some of the well known examples of Mt. Gox, MintPal and CryptoRush there are still many unanswered questions.

During the same time period and almost simultaneously the number of “Bitcoin Only” exchanges began increasing on a massive scale and yet have not experienced any situation similar to what was experienced with the altcoin exchange, why?

If regulation is the cause why do we see an increase in “Bitcoin Only” exchange and a decrease in the altcoin exchange?

Do not get me wrong, regulation does play a roll and as we have seen recently the popular altcoin exchange “ShapeShift” has left the state of New York in protest of the new bit-license, ShapeShift simply moved to a more suitable location that does not have such “Orwellian” measures in place to maintain corrupt, centralized, financial control. That said, it is possible to get around regulation, even ItBit who by the way chose to remain in New York, found a way to work around regulation in a way that absorbs the impact of regulation and protects it’s users privacy to a certain extent.

Fraud is also another problem that affects the altcoin exchange and it seemed for a while it was almost systematic, hackings here, hackings there, we all understand fraud is a serious problem when it comes to finances however why were “Bitcoin Only” exchanges untouched? Why is it that the onslaught of hacking incidents were targeted at the altcoin exchange? Now, it is reasonable to say that hacking theft or fraud, in some cases can be attributed to an inside job like that of Mt.Gox however, the majority of cases were perpetrated by hackers on the outside, the hacking of Poloniex a popular altcoin exchange is an excellent example of outside interference. Since the attack, Poloniex has beefed up it’s security and is now one of the most used and trusted altcoin exchanges on the planet.

It seems that there is a selective process going on that may or may not include an assassination campaign targeted at the altcoin exchange. The rug is being pulled out from under the feet of the initial foundational concepts and ideals that came together to create Bitcoin and the blockchain in the first place. This technology has always been based on consensus which now is slowly fading to black as most exchanges in existence today are not taking this into consideration. Instead of allowing the community to choose which currencies get listed on an exchange as was initially in place, now the exchange itself makes those decisions which could be considered a conflict of interest to say the least.

Where is it all leading?

Are we witnessing a hostile takeover? Is Bitcoin being co-opted by nefarious parties for their own nefarious purposes? Thus, it would stand to reason that if this is the case, “competition is a sin” as the late J.D. Rockefeller proclaimed, unfortunately altcoins are competition and represent a threat that must be dealt with.

There is a battle waging in the world of digital currency and there are signs of this battle all over the place, if you look close enough, you will notice that something is amiss. There undoubtedly is an attack being carried out against altcoins and the altcoin exchange. If you look closely at the big picture you will begin to see something that is very familiar but extremely bad for bitcoin and the whole ecosystem, what you will see are the beginning stages of the harnessing of bitcoin and the blockchain by individuals who want nothing more than to centralize and control it, they are the same individuals who drove the current fiat system into the ground and now they are attempting to infiltrate and co-opt our only lifeline to financial freedom and possibly a world where transparency in all things is possible.

Those of us who have helped to develop this technology to this point realize what is going on and recognize the importance of educating the masses not only on the technology but also on the threats to our freedoms as we know them today if this technology falls into the wrong hands.

Do not let history repeat itself!