[Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

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[Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

James Salsman-2
The Foundation has been accepting BitCoin donations. Unfortunately,
BitCoin is very wasteful in terms of electricity, and is therefore a
dirty cryptocurrency.

I recommend that the Foundation immediately cease accepting BitCoin,
and require donors who wish to donate in cryptocurrency to convert to
FoldingCoin instead. Please see: FoldingCoin (FLDC)
http://foldingcoin.net/ whitepaper:
https://docs.google.com/document/d/1y4MV9AwGLTRFqD-kjC4uN0AX59kHOpO1OWsabnxxUIs

This conversion will place the Foundation at the forefront of
cryptocurrency technology, and stop it from contributing to extremely
dirty waste. As other cryptocurrencies based on proofs of useful work
instead of useless work emerge, the Foundation should consider those.
FoldingCoin is based on proofs of useful prediction of protein
folding, which is useful for computer-aided antibody design, and used
in turn for cancer therapies and many other applied and research
medical fields.

I also invite anyone in the community interested in co-authoring my
forthcoming derivative whitepaper on proofs of useful intelligibility
remediation work to contact me off-list, please. I am also willing to
help with proofs of useful encyclopedia article improvement, but I am
not certain if ORES is yet robust enough to support such proof in a
secure fashion.

Best regards,
Jim Salsman

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Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

Chico Venancio
What would the expected energy savings be of such a move?
Accepting more cryptocurrencies may make sense if the foundation can do
that in a way that does not take a lot of effort. But to stop accepting
bitcoin seems counterproductive to our mission.


Chico Venancio

Em Ter, 10 de abr de 2018 18:46, James Salsman <[hidden email]>
escreveu:

> The Foundation has been accepting BitCoin donations. Unfortunately,
> BitCoin is very wasteful in terms of electricity, and is therefore a
> dirty cryptocurrency.
>
> I recommend that the Foundation immediately cease accepting BitCoin,
> and require donors who wish to donate in cryptocurrency to convert to
> FoldingCoin instead. Please see: FoldingCoin (FLDC)
> http://foldingcoin.net/ whitepaper:
>
> https://docs.google.com/document/d/1y4MV9AwGLTRFqD-kjC4uN0AX59kHOpO1OWsabnxxUIs
>
> This conversion will place the Foundation at the forefront of
> cryptocurrency technology, and stop it from contributing to extremely
> dirty waste. As other cryptocurrencies based on proofs of useful work
> instead of useless work emerge, the Foundation should consider those.
> FoldingCoin is based on proofs of useful prediction of protein
> folding, which is useful for computer-aided antibody design, and used
> in turn for cancer therapies and many other applied and research
> medical fields.
>
> I also invite anyone in the community interested in co-authoring my
> forthcoming derivative whitepaper on proofs of useful intelligibility
> remediation work to contact me off-list, please. I am also willing to
> help with proofs of useful encyclopedia article improvement, but I am
> not certain if ORES is yet robust enough to support such proof in a
> secure fashion.
>
> Best regards,
> Jim Salsman
>
> _______________________________________________
> Wikimedia-l mailing list, guidelines at:
> https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and
> https://meta.wikimedia.org/wiki/Wikimedia-l
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Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

Alex Power
In reply to this post by James Salsman-2
This is an awful idea.

The primary reason the WMF needs to accept Bitcoin as a donation is due to
the substantial tax benefits accepting it gives to donors.  It is an asset
that has increased massively in value, and holders can donate it and deduct
the current value from their taxes, without paying capital gains.  If there
is demand, it would likely make sense to accept Ethereum donations for the
same reason.

Nobody particularly knows, cares, or has capital gains in FoldingCoin, and
it's not the place of the foundation to promote it or your whitepaper.

On Tue, Apr 10, 2018 at 4:45 PM, James Salsman <[hidden email]> wrote:

> The Foundation has been accepting BitCoin donations. Unfortunately,
> BitCoin is very wasteful in terms of electricity, and is therefore a
> dirty cryptocurrency.
>
> I recommend that the Foundation immediately cease accepting BitCoin,
> and require donors who wish to donate in cryptocurrency to convert to
> FoldingCoin instead. Please see: FoldingCoin (FLDC)
> http://foldingcoin.net/ whitepaper:
> https://docs.google.com/document/d/1y4MV9AwGLTRFqD-
> kjC4uN0AX59kHOpO1OWsabnxxUIs
>
> This conversion will place the Foundation at the forefront of
> cryptocurrency technology, and stop it from contributing to extremely
> dirty waste. As other cryptocurrencies based on proofs of useful work
> instead of useless work emerge, the Foundation should consider those.
> FoldingCoin is based on proofs of useful prediction of protein
> folding, which is useful for computer-aided antibody design, and used
> in turn for cancer therapies and many other applied and research
> medical fields.
>
> I also invite anyone in the community interested in co-authoring my
> forthcoming derivative whitepaper on proofs of useful intelligibility
> remediation work to contact me off-list, please. I am also willing to
> help with proofs of useful encyclopedia article improvement, but I am
> not certain if ORES is yet robust enough to support such proof in a
> secure fashion.
>
> Best regards,
> Jim Salsman
>
> _______________________________________________
> Wikimedia-l mailing list, guidelines at: https://meta.wikimedia.org/
> wiki/Mailing_lists/Guidelines and https://meta.wikimedia.org/
> wiki/Wikimedia-l
> New messages to: [hidden email]
> Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l,
> <mailto:[hidden email]?subject=unsubscribe>




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Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

geni
In reply to this post by James Salsman-2
On 10 April 2018 at 22:45, James Salsman <[hidden email]> wrote:
> The Foundation has been accepting BitCoin donations. Unfortunately,
> BitCoin is very wasteful in terms of electricity, and is therefore a
> dirty cryptocurrency.

They all are. The only difference is that bitcoin is Asic mined so
doesn't directly drive up the price of graphics cards.

> I recommend that the Foundation immediately cease accepting BitCoin,
> and require donors who wish to donate in cryptocurrency to convert to
> FoldingCoin instead. Please see: FoldingCoin (FLDC)


FoldingCoin is the one where you give fake results to Folding@home
(since the maths is NP hard there is no real time way to check if your
results are real or not) in return for tokens that have little in the
way of actual value.


> This conversion will place the Foundation at the forefront of
> cryptocurrency technology,


The forefront of cryptocurrency technology is coming up with new and
exciting ways to scam people. The Foundation should not be getting
involved.


> As other cryptocurrencies based on proofs of useful work
> instead of useless work emerge,

Is gaming a Proof-of-Research useful? Because if so Gridcoin exist. In
theory burstcoin could be used to provide archival storage although
there are a bunch of ways of doing that without driving up hard disc
prices.


> the Foundation should consider those.
> FoldingCoin is based on proofs of useful prediction of protein
> folding,

No it isn't. The problem is it is based off the old folding@home which
works on the basis that most people aren't trying to scam the system.
If FoldingCoin ever became popular that would no longer be the case at
which point it becomes proof of results given to results to
Folding@home with no requirement that those results be real.



--
geni

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Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

James Salsman-2
> FoldingCoin is the one where you give fake results to Folding@home
> (since the maths is NP hard there is no real time way to check if your
> results are real or not)

Proof is stochastic, by random audit of submitted results, as I
understand the situation. I'm not sure whether that understanding is
congruent with their whitepaper, but that's the only way I can figure
out how it could work with intelligibility remediation tasks.
Improvements to the encyclopedia is a harder problem than attempted
pronunciation or transcription.

In regard to the earlier responses, I the Foundation should offer to
convert Bitcoin to FoldingCoin for those who wish to contribute
Bitcoin.

Best regards,
Jim


On Wed, Apr 11, 2018 at 3:24 PM, geni <[hidden email]> wrote:

> On 10 April 2018 at 22:45, James Salsman <[hidden email]> wrote:
>> The Foundation has been accepting BitCoin donations. Unfortunately,
>> BitCoin is very wasteful in terms of electricity, and is therefore a
>> dirty cryptocurrency.
>
> They all are. The only difference is that bitcoin is Asic mined so
> doesn't directly drive up the price of graphics cards.
>
>> I recommend that the Foundation immediately cease accepting BitCoin,
>> and require donors who wish to donate in cryptocurrency to convert to
>> FoldingCoin instead. Please see: FoldingCoin (FLDC)
>
>
> FoldingCoin is the one where you give fake results to Folding@home
> (since the maths is NP hard there is no real time way to check if your
> results are real or not) in return for tokens that have little in the
> way of actual value.
>
>
>> This conversion will place the Foundation at the forefront of
>> cryptocurrency technology,
>
>
> The forefront of cryptocurrency technology is coming up with new and
> exciting ways to scam people. The Foundation should not be getting
> involved.
>
>
>> As other cryptocurrencies based on proofs of useful work
>> instead of useless work emerge,
>
> Is gaming a Proof-of-Research useful? Because if so Gridcoin exist. In
> theory burstcoin could be used to provide archival storage although
> there are a bunch of ways of doing that without driving up hard disc
> prices.
>
>
>> the Foundation should consider those.
>> FoldingCoin is based on proofs of useful prediction of protein
>> folding,
>
> No it isn't. The problem is it is based off the old folding@home which
> works on the basis that most people aren't trying to scam the system.
> If FoldingCoin ever became popular that would no longer be the case at
> which point it becomes proof of results given to results to
> Folding@home with no requirement that those results be real.
>
>
>
> --
> geni
>
> _______________________________________________
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Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

geni
On 11 April 2018 at 22:37, James Salsman <[hidden email]> wrote:
> Proof is stochastic, by random audit of submitted results, as I
> understand the situation.

Only works if most people aren't trying to scam you. Which if you've
had any experience with concurrency you will realise is not the case.

Oh and since the thing is GPU mined and not very popular there are a
bunch of people who could carry out a 51% attack tomorrow.

> In regard to the earlier responses, I the Foundation should offer to
> convert Bitcoin to FoldingCoin for those who wish to contribute
> Bitcoin.

But the foundation wants actual money (US$ mostly). Why convert
bitcoin into anything other than cash (which is what it does at the
moment)?


geni

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Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

David Gerard-2
On 11 April 2018 at 22:56, geni <[hidden email]> wrote:

> But the foundation wants actual money (US$ mostly). Why convert
> bitcoin into anything other than cash (which is what it does at the
> moment)?


in fact, I believe the WMF never touches a bitcoin - BitPay takes in
the bitcoins, changes them to actual money and gives that to WMF.

So you'd need to get Bitpay to accept FoldingCoin in this arrangement.

(I predict this will never happen.)


- d.

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Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

James Salsman-2
> Only works if most people aren't trying to scam you

What else works that way?

> you'd need to get Bitpay to accept FoldingCoin in this arrangement

https://twitter.com/jsalsman/status/984428258530705408


On Wed, Apr 11, 2018 at 4:39 PM, David Gerard <[hidden email]> wrote:

> On 11 April 2018 at 22:56, geni <[hidden email]> wrote:
>
>> But the foundation wants actual money (US$ mostly). Why convert
>> bitcoin into anything other than cash (which is what it does at the
>> moment)?
>
>
> in fact, I believe the WMF never touches a bitcoin - BitPay takes in
> the bitcoins, changes them to actual money and gives that to WMF.
>
> So you'd need to get Bitpay to accept FoldingCoin in this arrangement.
>
> (I predict this will never happen.)
>
>
> - d.
>
> _______________________________________________
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Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

geni
On 12 April 2018 at 14:50, James Salsman <[hidden email]> wrote:
>> Only works if most people aren't trying to scam you
>
> What else works that way?
>

Thing where most people don't have money on the line. Its
Cryptocurrency. If your first thought isn't "how could a scammer
exploit this" you are doing it wrong.


--
geni

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Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

James Salsman-2
> Cryptocurrency. If your first thought isn't "how could a scammer
> exploit this" you are doing it wrong.

I've thought about that for several hours now, and I'm sure scammers
far prefer bitcoin. Folding@Home's lab director is a partner
Andreessen Horowitz, so he has certainly had no lack of resources to
defend against the possibility, and I am persuaded that the Indiana
nonprofit behind FLDC is sincere and acting in good faith at present.
If the Foundation is hesitant, they might sponsor an audit of either
or both, but the Folding@Home project is so established that its
article is featured on enwiki.

I have no financial interest in any cryptocurrency, and I never have,
and I don't have a familial interest with anyone who I am aware has
any either.

Best regards,
Jim

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Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

James Salsman-2
Geni, it's the "Day of the Dead" now so I want to attempt to resurrect
this thread.

Is FoldingCoin still vulnerable to a 51% attack? What is a 51% attack?

Do you think it is reasonable for the Foundation to convert bitcoin to
FoldingCoin as part of its program to source clean electricity?

Best regards,
Jim


On Fri, Apr 13, 2018 at 7:21 AM James Salsman <[hidden email]> wrote:

>
> > Cryptocurrency. If your first thought isn't "how could a scammer
> > exploit this" you are doing it wrong.
>
> I've thought about that for several hours now, and I'm sure scammers
> far prefer bitcoin. Folding@Home's lab director is a partner
> Andreessen Horowitz, so he has certainly had no lack of resources to
> defend against the possibility, and I am persuaded that the Indiana
> nonprofit behind FLDC is sincere and acting in good faith at present.
> If the Foundation is hesitant, they might sponsor an audit of either
> or both, but the Folding@Home project is so established that its
> article is featured on enwiki.
>
> I have no financial interest in any cryptocurrency, and I never have,
> and I don't have a familial interest with anyone who I am aware has
> any either.
>
> Best regards,
> Jim

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Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

Robert Rohde
> What is a 51% attack?

A 51% attack is when a single malicious entity controls >51% of the
computing power being used to validate the blockchain of a particular
digital currency.  Blockchain-based digital currencies rely on a consensus
of computing participants acting in good faith to verify transactions and
coin ownership.  However, if a single entity controls a majority of the
compute power, then it is possible for them to maliciously validate bad
transactions to steal, double spend, and otherwise commit fraud using the
currency.

Smaller digital currencies, with fewer participants acting to maintain
their blockchain, are generally more vulnerable to this kind of attack.  A
bad actor can rent a large block of computing power and then use it to
attack a small blockchain.   Such attacks have been becoming more common,
though the largest coins (e.g. BTC) are still resistant due to the size of
their community.
https://www.coindesk.com/blockchains-feared-51-attack-now-becoming-regular/

I don't know anything about FoldingCoin and whether it is more or less
vulnerable to this kind of fraud than other cryptocurrencies.

However, the 51% attack may just be the death of many smaller alt-coins,
unless an effective countermeasure can be developed.

-Robert Rohde

On Thu, Nov 1, 2018 at 8:23 AM James Salsman <[hidden email]> wrote:

> Geni, it's the "Day of the Dead" now so I want to attempt to resurrect
> this thread.
>
> Is FoldingCoin still vulnerable to a 51% attack? What is a 51% attack?
>
> Do you think it is reasonable for the Foundation to convert bitcoin to
> FoldingCoin as part of its program to source clean electricity?
>
> Best regards,
> Jim
>
>
> On Fri, Apr 13, 2018 at 7:21 AM James Salsman <[hidden email]> wrote:
> >
> > > Cryptocurrency. If your first thought isn't "how could a scammer
> > > exploit this" you are doing it wrong.
> >
> > I've thought about that for several hours now, and I'm sure scammers
> > far prefer bitcoin. Folding@Home's lab director is a partner
> > Andreessen Horowitz, so he has certainly had no lack of resources to
> > defend against the possibility, and I am persuaded that the Indiana
> > nonprofit behind FLDC is sincere and acting in good faith at present.
> > If the Foundation is hesitant, they might sponsor an audit of either
> > or both, but the Folding@Home project is so established that its
> > article is featured on enwiki.
> >
> > I have no financial interest in any cryptocurrency, and I never have,
> > and I don't have a familial interest with anyone who I am aware has
> > any either.
> >
> > Best regards,
> > Jim
>
> _______________________________________________
> Wikimedia-l mailing list, guidelines at:
> https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and
> https://meta.wikimedia.org/wiki/Wikimedia-l
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Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

Gerard Meijssen-3
Hoi,
Bitcoin and its ilk rely on an overabundance of energy. In this day and age
the speculation of these "currencies" is irresponsible. The best attack on
this pyramide game is to stay away from it.
Thanks,
     GerardM

On Thu, 1 Nov 2018 at 10:38, Robert Rohde <[hidden email]> wrote:

> > What is a 51% attack?
>
> A 51% attack is when a single malicious entity controls >51% of the
> computing power being used to validate the blockchain of a particular
> digital currency.  Blockchain-based digital currencies rely on a consensus
> of computing participants acting in good faith to verify transactions and
> coin ownership.  However, if a single entity controls a majority of the
> compute power, then it is possible for them to maliciously validate bad
> transactions to steal, double spend, and otherwise commit fraud using the
> currency.
>
> Smaller digital currencies, with fewer participants acting to maintain
> their blockchain, are generally more vulnerable to this kind of attack.  A
> bad actor can rent a large block of computing power and then use it to
> attack a small blockchain.   Such attacks have been becoming more common,
> though the largest coins (e.g. BTC) are still resistant due to the size of
> their community.
> https://www.coindesk.com/blockchains-feared-51-attack-now-becoming-regular/
>
> I don't know anything about FoldingCoin and whether it is more or less
> vulnerable to this kind of fraud than other cryptocurrencies.
>
> However, the 51% attack may just be the death of many smaller alt-coins,
> unless an effective countermeasure can be developed.
>
> -Robert Rohde
>
> On Thu, Nov 1, 2018 at 8:23 AM James Salsman <[hidden email]> wrote:
>
> > Geni, it's the "Day of the Dead" now so I want to attempt to resurrect
> > this thread.
> >
> > Is FoldingCoin still vulnerable to a 51% attack? What is a 51% attack?
> >
> > Do you think it is reasonable for the Foundation to convert bitcoin to
> > FoldingCoin as part of its program to source clean electricity?
> >
> > Best regards,
> > Jim
> >
> >
> > On Fri, Apr 13, 2018 at 7:21 AM James Salsman <[hidden email]>
> wrote:
> > >
> > > > Cryptocurrency. If your first thought isn't "how could a scammer
> > > > exploit this" you are doing it wrong.
> > >
> > > I've thought about that for several hours now, and I'm sure scammers
> > > far prefer bitcoin. Folding@Home's lab director is a partner
> > > Andreessen Horowitz, so he has certainly had no lack of resources to
> > > defend against the possibility, and I am persuaded that the Indiana
> > > nonprofit behind FLDC is sincere and acting in good faith at present.
> > > If the Foundation is hesitant, they might sponsor an audit of either
> > > or both, but the Folding@Home project is so established that its
> > > article is featured on enwiki.
> > >
> > > I have no financial interest in any cryptocurrency, and I never have,
> > > and I don't have a familial interest with anyone who I am aware has
> > > any either.
> > >
> > > Best regards,
> > > Jim
> >
> > _______________________________________________
> > Wikimedia-l mailing list, guidelines at:
> > https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and
> > https://meta.wikimedia.org/wiki/Wikimedia-l
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Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

Jeremy Lee-Jenkins
> Is FoldingCoin still vulnerable to a 51% attack?

It's still highly vulnerable to a 51% attack because there is
literally no way to combat the basic principle without giving up on
the idea of decentralization.

> I don't know anything about FoldingCoin and whether it is more or less vulnerable to this kind of fraud than other cryptocurrencies.

The only reason some of the larger cryptos don't get affected by this
is because there are so many stakeholders that no one can really get
enough power together to take over.

> Do you think it is reasonable for the Foundation to convert bitcoin to FoldingCoin as part of its program to source clean electricity?

In a nutshell, no. While Folding@home is a worthwhile project,
FoldingCoin is not, and the fact one project is worthwhile should not
be taken to men the other has any merit whatsoever.

No serious person should be investing in someone else's
cryptocurrency, the underlying technology is free and if you want one,
make one. The blockchain is just a software package that anyone can
make their own version of as easily as installing a MySQL database.
Simple as that.

J.

On 11/1/18, Gerard Meijssen <[hidden email]> wrote:

> Hoi,
> Bitcoin and its ilk rely on an overabundance of energy. In this day and age
> the speculation of these "currencies" is irresponsible. The best attack on
> this pyramide game is to stay away from it.
> Thanks,
>      GerardM
>
> On Thu, 1 Nov 2018 at 10:38, Robert Rohde <[hidden email]> wrote:
>
>> > What is a 51% attack?
>>
>> A 51% attack is when a single malicious entity controls >51% of the
>> computing power being used to validate the blockchain of a particular
>> digital currency.  Blockchain-based digital currencies rely on a consensus
>> of computing participants acting in good faith to verify transactions and
>> coin ownership.  However, if a single entity controls a majority of the
>> compute power, then it is possible for them to maliciously validate bad
>> transactions to steal, double spend, and otherwise commit fraud using the
>> currency.
>>
>> Smaller digital currencies, with fewer participants acting to maintain
>> their blockchain, are generally more vulnerable to this kind of attack.  A
>> bad actor can rent a large block of computing power and then use it to
>> attack a small blockchain.   Such attacks have been becoming more common,
>> though the largest coins (e.g. BTC) are still resistant due to the size of
>> their community.
>> https://www.coindesk.com/blockchains-feared-51-attack-now-becoming-regular/
>>
>> I don't know anything about FoldingCoin and whether it is more or less
>> vulnerable to this kind of fraud than other cryptocurrencies.
>>
>> However, the 51% attack may just be the death of many smaller alt-coins,
>> unless an effective countermeasure can be developed.
>>
>> -Robert Rohde
>>
>> On Thu, Nov 1, 2018 at 8:23 AM James Salsman <[hidden email]> wrote:
>>
>> > Geni, it's the "Day of the Dead" now so I want to attempt to resurrect
>> > this thread.
>> >
>> > Is FoldingCoin still vulnerable to a 51% attack? What is a 51% attack?
>> >
>> > Do you think it is reasonable for the Foundation to convert bitcoin to
>> > FoldingCoin as part of its program to source clean electricity?
>> >
>> > Best regards,
>> > Jim
>> >
>> >
>> > On Fri, Apr 13, 2018 at 7:21 AM James Salsman <[hidden email]>
>> wrote:
>> > >
>> > > > Cryptocurrency. If your first thought isn't "how could a scammer
>> > > > exploit this" you are doing it wrong.
>> > >
>> > > I've thought about that for several hours now, and I'm sure scammers
>> > > far prefer bitcoin. Folding@Home's lab director is a partner
>> > > Andreessen Horowitz, so he has certainly had no lack of resources to
>> > > defend against the possibility, and I am persuaded that the Indiana
>> > > nonprofit behind FLDC is sincere and acting in good faith at present.
>> > > If the Foundation is hesitant, they might sponsor an audit of either
>> > > or both, but the Folding@Home project is so established that its
>> > > article is featured on enwiki.
>> > >
>> > > I have no financial interest in any cryptocurrency, and I never have,
>> > > and I don't have a familial interest with anyone who I am aware has
>> > > any either.
>> > >
>> > > Best regards,
>> > > Jim
>> >
>> > _______________________________________________
>> > Wikimedia-l mailing list, guidelines at:
>> > https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and
>> > https://meta.wikimedia.org/wiki/Wikimedia-l
>> > New messages to: [hidden email]
>> > Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l,
>> > <mailto:[hidden email]?subject=unsubscribe>
>> _______________________________________________
>> Wikimedia-l mailing list, guidelines at:
>> https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and
>> https://meta.wikimedia.org/wiki/Wikimedia-l
>> New messages to: [hidden email]
>> Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l,
>> <mailto:[hidden email]?subject=unsubscribe>
> _______________________________________________
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> https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and
> https://meta.wikimedia.org/wiki/Wikimedia-l
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--
Warm Regards

Jeremy Lee-Jenkins

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Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

Alphos OGame
In reply to this post by Gerard Meijssen-3
Hey,

For once, I'll make this one short : I agree, let's stay away from widely
fluctuating, purely fiduciary, resources-hogging (and no, FLDC does *not*
rely on "clean electricity", it's still an energy hog like the lot of
them), crypto-currencies.
And while we're at it, pretty please, let's also stay away from this
long-dead thread. 6 months is dead enough, I don't think we need to go
through that again.

Thanks.

Roger / Alphos


Le jeu. 1 nov. 2018 à 19:33, Gerard Meijssen <[hidden email]> a
écrit :

> Hoi,
> Bitcoin and its ilk rely on an overabundance of energy. In this day and age
> the speculation of these "currencies" is irresponsible. The best attack on
> this pyramide game is to stay away from it.
> Thanks,
>      GerardM
>
> On Thu, 1 Nov 2018 at 10:38, Robert Rohde <[hidden email]> wrote:
>
> > > What is a 51% attack?
> >
> > A 51% attack is when a single malicious entity controls >51% of the
> > computing power being used to validate the blockchain of a particular
> > digital currency.  Blockchain-based digital currencies rely on a
> consensus
> > of computing participants acting in good faith to verify transactions and
> > coin ownership.  However, if a single entity controls a majority of the
> > compute power, then it is possible for them to maliciously validate bad
> > transactions to steal, double spend, and otherwise commit fraud using the
> > currency.
> >
> > Smaller digital currencies, with fewer participants acting to maintain
> > their blockchain, are generally more vulnerable to this kind of attack.
> A
> > bad actor can rent a large block of computing power and then use it to
> > attack a small blockchain.   Such attacks have been becoming more common,
> > though the largest coins (e.g. BTC) are still resistant due to the size
> of
> > their community.
> >
> https://www.coindesk.com/blockchains-feared-51-attack-now-becoming-regular/
> >
> > I don't know anything about FoldingCoin and whether it is more or less
> > vulnerable to this kind of fraud than other cryptocurrencies.
> >
> > However, the 51% attack may just be the death of many smaller alt-coins,
> > unless an effective countermeasure can be developed.
> >
> > -Robert Rohde
> >
> > On Thu, Nov 1, 2018 at 8:23 AM James Salsman <[hidden email]> wrote:
> >
> > > Geni, it's the "Day of the Dead" now so I want to attempt to resurrect
> > > this thread.
> > >
> > > Is FoldingCoin still vulnerable to a 51% attack? What is a 51% attack?
> > >
> > > Do you think it is reasonable for the Foundation to convert bitcoin to
> > > FoldingCoin as part of its program to source clean electricity?
> > >
> > > Best regards,
> > > Jim
> > >
> > >
> > > On Fri, Apr 13, 2018 at 7:21 AM James Salsman <[hidden email]>
> > wrote:
> > > >
> > > > > Cryptocurrency. If your first thought isn't "how could a scammer
> > > > > exploit this" you are doing it wrong.
> > > >
> > > > I've thought about that for several hours now, and I'm sure scammers
> > > > far prefer bitcoin. Folding@Home's lab director is a partner
> > > > Andreessen Horowitz, so he has certainly had no lack of resources to
> > > > defend against the possibility, and I am persuaded that the Indiana
> > > > nonprofit behind FLDC is sincere and acting in good faith at present.
> > > > If the Foundation is hesitant, they might sponsor an audit of either
> > > > or both, but the Folding@Home project is so established that its
> > > > article is featured on enwiki.
> > > >
> > > > I have no financial interest in any cryptocurrency, and I never have,
> > > > and I don't have a familial interest with anyone who I am aware has
> > > > any either.
> > > >
> > > > Best regards,
> > > > Jim
> > >
> > > _______________________________________________
> > > Wikimedia-l mailing list, guidelines at:
> > > https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and
> > > https://meta.wikimedia.org/wiki/Wikimedia-l
> > > New messages to: [hidden email]
> > > Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l,
> > > <mailto:[hidden email]?subject=unsubscribe>
> > _______________________________________________
> > Wikimedia-l mailing list, guidelines at:
> > https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and
> > https://meta.wikimedia.org/wiki/Wikimedia-l
> > New messages to: [hidden email]
> > Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l,
> > <mailto:[hidden email]?subject=unsubscribe>
> _______________________________________________
> Wikimedia-l mailing list, guidelines at:
> https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and
> https://meta.wikimedia.org/wiki/Wikimedia-l
> New messages to: [hidden email]
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Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

Father Of Lies
In reply to this post by Gerard Meijssen-3
That is a complete useless responds. Bitcoin, Litecoin and all are no piramide games.

Sent from my iPhone

> On 1 Nov 2018, at 11:57, Gerard Meijssen <[hidden email]> wrote:
>
> Hoi,
> Bitcoin and its ilk rely on an overabundance of energy. In this day and age
> the speculation of these "currencies" is irresponsible. The best attack on
> this pyramide game is to stay away from it.
> Thanks,
>     GerardM
>
> On Thu, 1 Nov 2018 at 10:38, Robert Rohde <[hidden email]> wrote:
>
>>> What is a 51% attack?
>>
>> A 51% attack is when a single malicious entity controls >51% of the
>> computing power being used to validate the blockchain of a particular
>> digital currency.  Blockchain-based digital currencies rely on a consensus
>> of computing participants acting in good faith to verify transactions and
>> coin ownership.  However, if a single entity controls a majority of the
>> compute power, then it is possible for them to maliciously validate bad
>> transactions to steal, double spend, and otherwise commit fraud using the
>> currency.
>>
>> Smaller digital currencies, with fewer participants acting to maintain
>> their blockchain, are generally more vulnerable to this kind of attack.  A
>> bad actor can rent a large block of computing power and then use it to
>> attack a small blockchain.   Such attacks have been becoming more common,
>> though the largest coins (e.g. BTC) are still resistant due to the size of
>> their community.
>> https://www.coindesk.com/blockchains-feared-51-attack-now-becoming-regular/
>>
>> I don't know anything about FoldingCoin and whether it is more or less
>> vulnerable to this kind of fraud than other cryptocurrencies.
>>
>> However, the 51% attack may just be the death of many smaller alt-coins,
>> unless an effective countermeasure can be developed.
>>
>> -Robert Rohde
>>
>>> On Thu, Nov 1, 2018 at 8:23 AM James Salsman <[hidden email]> wrote:
>>>
>>> Geni, it's the "Day of the Dead" now so I want to attempt to resurrect
>>> this thread.
>>>
>>> Is FoldingCoin still vulnerable to a 51% attack? What is a 51% attack?
>>>
>>> Do you think it is reasonable for the Foundation to convert bitcoin to
>>> FoldingCoin as part of its program to source clean electricity?
>>>
>>> Best regards,
>>> Jim
>>>
>>>
>>> On Fri, Apr 13, 2018 at 7:21 AM James Salsman <[hidden email]>
>> wrote:
>>>>
>>>>> Cryptocurrency. If your first thought isn't "how could a scammer
>>>>> exploit this" you are doing it wrong.
>>>>
>>>> I've thought about that for several hours now, and I'm sure scammers
>>>> far prefer bitcoin. Folding@Home's lab director is a partner
>>>> Andreessen Horowitz, so he has certainly had no lack of resources to
>>>> defend against the possibility, and I am persuaded that the Indiana
>>>> nonprofit behind FLDC is sincere and acting in good faith at present.
>>>> If the Foundation is hesitant, they might sponsor an audit of either
>>>> or both, but the Folding@Home project is so established that its
>>>> article is featured on enwiki.
>>>>
>>>> I have no financial interest in any cryptocurrency, and I never have,
>>>> and I don't have a familial interest with anyone who I am aware has
>>>> any either.
>>>>
>>>> Best regards,
>>>> Jim
>>>
>>> _______________________________________________
>>> Wikimedia-l mailing list, guidelines at:
>>> https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and
>>> https://meta.wikimedia.org/wiki/Wikimedia-l
>>> New messages to: [hidden email]
>>> Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l,
>>> <mailto:[hidden email]?subject=unsubscribe>
>> _______________________________________________
>> Wikimedia-l mailing list, guidelines at:
>> https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and
>> https://meta.wikimedia.org/wiki/Wikimedia-l
>> New messages to: [hidden email]
>> Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l,
>> <mailto:[hidden email]?subject=unsubscribe>
> _______________________________________________
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> New messages to: [hidden email]
> Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l, <mailto:[hidden email]?subject=unsubscribe>


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Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

David Gerard-2
worth noting again that in my (I am paid to have these opinions now)
professional opinion, nothing about cryptocurrencies is good or
useful, and WMF's involvement should proceed precisely as far as
taking donations at arm's length (never touching an actual
cryptocurrency). And documenting the phenomenon accurately on the
wikis.

yet again, anyone reading this list is welcome to read my book for
free! (Got good reviews in NYRB and BBC News)

http://libgen.io/book/index.php?md5=41A766EE9752E757169A46C936C2EC17

there you go, an *official* bootleg copy.


- d.


On Fri, 2 Nov 2018 at 05:54, Father Of Lies <[hidden email]> wrote:

>
> That is a complete useless responds. Bitcoin, Litecoin and all are no piramide games.
>
> Sent from my iPhone
>
> > On 1 Nov 2018, at 11:57, Gerard Meijssen <[hidden email]> wrote:
> >
> > Hoi,
> > Bitcoin and its ilk rely on an overabundance of energy. In this day and age
> > the speculation of these "currencies" is irresponsible. The best attack on
> > this pyramide game is to stay away from it.
> > Thanks,
> >     GerardM
> >
> > On Thu, 1 Nov 2018 at 10:38, Robert Rohde <[hidden email]> wrote:
> >
> >>> What is a 51% attack?
> >>
> >> A 51% attack is when a single malicious entity controls >51% of the
> >> computing power being used to validate the blockchain of a particular
> >> digital currency.  Blockchain-based digital currencies rely on a consensus
> >> of computing participants acting in good faith to verify transactions and
> >> coin ownership.  However, if a single entity controls a majority of the
> >> compute power, then it is possible for them to maliciously validate bad
> >> transactions to steal, double spend, and otherwise commit fraud using the
> >> currency.
> >>
> >> Smaller digital currencies, with fewer participants acting to maintain
> >> their blockchain, are generally more vulnerable to this kind of attack.  A
> >> bad actor can rent a large block of computing power and then use it to
> >> attack a small blockchain.   Such attacks have been becoming more common,
> >> though the largest coins (e.g. BTC) are still resistant due to the size of
> >> their community.
> >> https://www.coindesk.com/blockchains-feared-51-attack-now-becoming-regular/
> >>
> >> I don't know anything about FoldingCoin and whether it is more or less
> >> vulnerable to this kind of fraud than other cryptocurrencies.
> >>
> >> However, the 51% attack may just be the death of many smaller alt-coins,
> >> unless an effective countermeasure can be developed.
> >>
> >> -Robert Rohde
> >>
> >>> On Thu, Nov 1, 2018 at 8:23 AM James Salsman <[hidden email]> wrote:
> >>>
> >>> Geni, it's the "Day of the Dead" now so I want to attempt to resurrect
> >>> this thread.
> >>>
> >>> Is FoldingCoin still vulnerable to a 51% attack? What is a 51% attack?
> >>>
> >>> Do you think it is reasonable for the Foundation to convert bitcoin to
> >>> FoldingCoin as part of its program to source clean electricity?
> >>>
> >>> Best regards,
> >>> Jim
> >>>
> >>>
> >>> On Fri, Apr 13, 2018 at 7:21 AM James Salsman <[hidden email]>
> >> wrote:
> >>>>
> >>>>> Cryptocurrency. If your first thought isn't "how could a scammer
> >>>>> exploit this" you are doing it wrong.
> >>>>
> >>>> I've thought about that for several hours now, and I'm sure scammers
> >>>> far prefer bitcoin. Folding@Home's lab director is a partner
> >>>> Andreessen Horowitz, so he has certainly had no lack of resources to
> >>>> defend against the possibility, and I am persuaded that the Indiana
> >>>> nonprofit behind FLDC is sincere and acting in good faith at present.
> >>>> If the Foundation is hesitant, they might sponsor an audit of either
> >>>> or both, but the Folding@Home project is so established that its
> >>>> article is featured on enwiki.
> >>>>
> >>>> I have no financial interest in any cryptocurrency, and I never have,
> >>>> and I don't have a familial interest with anyone who I am aware has
> >>>> any either.
> >>>>
> >>>> Best regards,
> >>>> Jim
> >>>
> >>> _______________________________________________
> >>> Wikimedia-l mailing list, guidelines at:
> >>> https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and
> >>> https://meta.wikimedia.org/wiki/Wikimedia-l
> >>> New messages to: [hidden email]
> >>> Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l,
> >>> <mailto:[hidden email]?subject=unsubscribe>
> >> _______________________________________________
> >> Wikimedia-l mailing list, guidelines at:
> >> https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and
> >> https://meta.wikimedia.org/wiki/Wikimedia-l
> >> New messages to: [hidden email]
> >> Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l,
> >> <mailto:[hidden email]?subject=unsubscribe>
> > _______________________________________________
> > Wikimedia-l mailing list, guidelines at: https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and https://meta.wikimedia.org/wiki/Wikimedia-l
> > New messages to: [hidden email]
> > Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l, <mailto:[hidden email]?subject=unsubscribe>
>
>
> _______________________________________________
> Wikimedia-l mailing list, guidelines at: https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and https://meta.wikimedia.org/wiki/Wikimedia-l
> New messages to: [hidden email]
> Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l, <mailto:[hidden email]?subject=unsubscribe>

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Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

James Salsman-2
David, what if the Foundation converted their next largest bitcoin
donation over some set amount to foldingcoin, and then cash in a press
event designed to educate cryptocurrency enthusiasts that they don't
have to be as destructive, strictly as a principled stance against
bitcoin's waste of electricity? I'd love to get a sense of your idea
of the potential drawbacks.

Best regards,
Jim


On Fri, Nov 2, 2018 at 1:49 AM David Gerard <[hidden email]> wrote:

>
> worth noting again that in my (I am paid to have these opinions now)
> professional opinion, nothing about cryptocurrencies is good or
> useful, and WMF's involvement should proceed precisely as far as
> taking donations at arm's length (never touching an actual
> cryptocurrency). And documenting the phenomenon accurately on the
> wikis.
>
> yet again, anyone reading this list is welcome to read my book for
> free! (Got good reviews in NYRB and BBC News)
>
> http://libgen.io/book/index.php?md5=41A766EE9752E757169A46C936C2EC17
>
> there you go, an *official* bootleg copy.
>
>
> - d.
>
>
> On Fri, 2 Nov 2018 at 05:54, Father Of Lies <[hidden email]> wrote:
> >
> > That is a complete useless responds. Bitcoin, Litecoin and all are no piramide games.
> >
> > Sent from my iPhone
> >
> > > On 1 Nov 2018, at 11:57, Gerard Meijssen <[hidden email]> wrote:
> > >
> > > Hoi,
> > > Bitcoin and its ilk rely on an overabundance of energy. In this day and age
> > > the speculation of these "currencies" is irresponsible. The best attack on
> > > this pyramide game is to stay away from it.
> > > Thanks,
> > >     GerardM
> > >
> > > On Thu, 1 Nov 2018 at 10:38, Robert Rohde <[hidden email]> wrote:
> > >
> > >>> What is a 51% attack?
> > >>
> > >> A 51% attack is when a single malicious entity controls >51% of the
> > >> computing power being used to validate the blockchain of a particular
> > >> digital currency.  Blockchain-based digital currencies rely on a consensus
> > >> of computing participants acting in good faith to verify transactions and
> > >> coin ownership.  However, if a single entity controls a majority of the
> > >> compute power, then it is possible for them to maliciously validate bad
> > >> transactions to steal, double spend, and otherwise commit fraud using the
> > >> currency.
> > >>
> > >> Smaller digital currencies, with fewer participants acting to maintain
> > >> their blockchain, are generally more vulnerable to this kind of attack.  A
> > >> bad actor can rent a large block of computing power and then use it to
> > >> attack a small blockchain.   Such attacks have been becoming more common,
> > >> though the largest coins (e.g. BTC) are still resistant due to the size of
> > >> their community.
> > >> https://www.coindesk.com/blockchains-feared-51-attack-now-becoming-regular/
> > >>
> > >> I don't know anything about FoldingCoin and whether it is more or less
> > >> vulnerable to this kind of fraud than other cryptocurrencies.
> > >>
> > >> However, the 51% attack may just be the death of many smaller alt-coins,
> > >> unless an effective countermeasure can be developed.
> > >>
> > >> -Robert Rohde
> > >>
> > >>> On Thu, Nov 1, 2018 at 8:23 AM James Salsman <[hidden email]> wrote:
> > >>>
> > >>> Geni, it's the "Day of the Dead" now so I want to attempt to resurrect
> > >>> this thread.
> > >>>
> > >>> Is FoldingCoin still vulnerable to a 51% attack? What is a 51% attack?
> > >>>
> > >>> Do you think it is reasonable for the Foundation to convert bitcoin to
> > >>> FoldingCoin as part of its program to source clean electricity?
> > >>>
> > >>> Best regards,
> > >>> Jim
> > >>>
> > >>>
> > >>> On Fri, Apr 13, 2018 at 7:21 AM James Salsman <[hidden email]>
> > >> wrote:
> > >>>>
> > >>>>> Cryptocurrency. If your first thought isn't "how could a scammer
> > >>>>> exploit this" you are doing it wrong.
> > >>>>
> > >>>> I've thought about that for several hours now, and I'm sure scammers
> > >>>> far prefer bitcoin. Folding@Home's lab director is a partner
> > >>>> Andreessen Horowitz, so he has certainly had no lack of resources to
> > >>>> defend against the possibility, and I am persuaded that the Indiana
> > >>>> nonprofit behind FLDC is sincere and acting in good faith at present.
> > >>>> If the Foundation is hesitant, they might sponsor an audit of either
> > >>>> or both, but the Folding@Home project is so established that its
> > >>>> article is featured on enwiki.
> > >>>>
> > >>>> I have no financial interest in any cryptocurrency, and I never have,
> > >>>> and I don't have a familial interest with anyone who I am aware has
> > >>>> any either.
> > >>>>
> > >>>> Best regards,
> > >>>> Jim
> > >>>
> > >>> _______________________________________________
> > >>> Wikimedia-l mailing list, guidelines at:
> > >>> https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and
> > >>> https://meta.wikimedia.org/wiki/Wikimedia-l
> > >>> New messages to: [hidden email]
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> > >> _______________________________________________
> > >> Wikimedia-l mailing list, guidelines at:
> > >> https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and
> > >> https://meta.wikimedia.org/wiki/Wikimedia-l
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Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

David Gerard-2
I think any involvement in it is nonsensical and nobody should
entertain any of these ideas for a moment.


- d.


On Fri, 2 Nov 2018 at 16:42, James Salsman <[hidden email]> wrote:

>
> David, what if the Foundation converted their next largest bitcoin
> donation over some set amount to foldingcoin, and then cash in a press
> event designed to educate cryptocurrency enthusiasts that they don't
> have to be as destructive, strictly as a principled stance against
> bitcoin's waste of electricity? I'd love to get a sense of your idea
> of the potential drawbacks.
>
> Best regards,
> Jim
>
>
> On Fri, Nov 2, 2018 at 1:49 AM David Gerard <[hidden email]> wrote:
> >
> > worth noting again that in my (I am paid to have these opinions now)
> > professional opinion, nothing about cryptocurrencies is good or
> > useful, and WMF's involvement should proceed precisely as far as
> > taking donations at arm's length (never touching an actual
> > cryptocurrency). And documenting the phenomenon accurately on the
> > wikis.
> >
> > yet again, anyone reading this list is welcome to read my book for
> > free! (Got good reviews in NYRB and BBC News)
> >
> > http://libgen.io/book/index.php?md5=41A766EE9752E757169A46C936C2EC17
> >
> > there you go, an *official* bootleg copy.
> >
> >
> > - d.
> >
> >
> > On Fri, 2 Nov 2018 at 05:54, Father Of Lies <[hidden email]> wrote:
> > >
> > > That is a complete useless responds. Bitcoin, Litecoin and all are no piramide games.
> > >
> > > Sent from my iPhone
> > >
> > > > On 1 Nov 2018, at 11:57, Gerard Meijssen <[hidden email]> wrote:
> > > >
> > > > Hoi,
> > > > Bitcoin and its ilk rely on an overabundance of energy. In this day and age
> > > > the speculation of these "currencies" is irresponsible. The best attack on
> > > > this pyramide game is to stay away from it.
> > > > Thanks,
> > > >     GerardM
> > > >
> > > > On Thu, 1 Nov 2018 at 10:38, Robert Rohde <[hidden email]> wrote:
> > > >
> > > >>> What is a 51% attack?
> > > >>
> > > >> A 51% attack is when a single malicious entity controls >51% of the
> > > >> computing power being used to validate the blockchain of a particular
> > > >> digital currency.  Blockchain-based digital currencies rely on a consensus
> > > >> of computing participants acting in good faith to verify transactions and
> > > >> coin ownership.  However, if a single entity controls a majority of the
> > > >> compute power, then it is possible for them to maliciously validate bad
> > > >> transactions to steal, double spend, and otherwise commit fraud using the
> > > >> currency.
> > > >>
> > > >> Smaller digital currencies, with fewer participants acting to maintain
> > > >> their blockchain, are generally more vulnerable to this kind of attack.  A
> > > >> bad actor can rent a large block of computing power and then use it to
> > > >> attack a small blockchain.   Such attacks have been becoming more common,
> > > >> though the largest coins (e.g. BTC) are still resistant due to the size of
> > > >> their community.
> > > >> https://www.coindesk.com/blockchains-feared-51-attack-now-becoming-regular/
> > > >>
> > > >> I don't know anything about FoldingCoin and whether it is more or less
> > > >> vulnerable to this kind of fraud than other cryptocurrencies.
> > > >>
> > > >> However, the 51% attack may just be the death of many smaller alt-coins,
> > > >> unless an effective countermeasure can be developed.
> > > >>
> > > >> -Robert Rohde
> > > >>
> > > >>> On Thu, Nov 1, 2018 at 8:23 AM James Salsman <[hidden email]> wrote:
> > > >>>
> > > >>> Geni, it's the "Day of the Dead" now so I want to attempt to resurrect
> > > >>> this thread.
> > > >>>
> > > >>> Is FoldingCoin still vulnerable to a 51% attack? What is a 51% attack?
> > > >>>
> > > >>> Do you think it is reasonable for the Foundation to convert bitcoin to
> > > >>> FoldingCoin as part of its program to source clean electricity?
> > > >>>
> > > >>> Best regards,
> > > >>> Jim
> > > >>>
> > > >>>
> > > >>> On Fri, Apr 13, 2018 at 7:21 AM James Salsman <[hidden email]>
> > > >> wrote:
> > > >>>>
> > > >>>>> Cryptocurrency. If your first thought isn't "how could a scammer
> > > >>>>> exploit this" you are doing it wrong.
> > > >>>>
> > > >>>> I've thought about that for several hours now, and I'm sure scammers
> > > >>>> far prefer bitcoin. Folding@Home's lab director is a partner
> > > >>>> Andreessen Horowitz, so he has certainly had no lack of resources to
> > > >>>> defend against the possibility, and I am persuaded that the Indiana
> > > >>>> nonprofit behind FLDC is sincere and acting in good faith at present.
> > > >>>> If the Foundation is hesitant, they might sponsor an audit of either
> > > >>>> or both, but the Folding@Home project is so established that its
> > > >>>> article is featured on enwiki.
> > > >>>>
> > > >>>> I have no financial interest in any cryptocurrency, and I never have,
> > > >>>> and I don't have a familial interest with anyone who I am aware has
> > > >>>> any either.
> > > >>>>
> > > >>>> Best regards,
> > > >>>> Jim
> > > >>>
> > > >>> _______________________________________________
> > > >>> Wikimedia-l mailing list, guidelines at:
> > > >>> https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and
> > > >>> https://meta.wikimedia.org/wiki/Wikimedia-l
> > > >>> New messages to: [hidden email]
> > > >>> Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l,
> > > >>> <mailto:[hidden email]?subject=unsubscribe>
> > > >> _______________________________________________
> > > >> Wikimedia-l mailing list, guidelines at:
> > > >> https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and
> > > >> https://meta.wikimedia.org/wiki/Wikimedia-l
> > > >> New messages to: [hidden email]
> > > >> Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l,
> > > >> <mailto:[hidden email]?subject=unsubscribe>
> > > > _______________________________________________
> > > > Wikimedia-l mailing list, guidelines at: https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and https://meta.wikimedia.org/wiki/Wikimedia-l
> > > > New messages to: [hidden email]
> > > > Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l, <mailto:[hidden email]?subject=unsubscribe>
> > >
> > >
> > > _______________________________________________
> > > Wikimedia-l mailing list, guidelines at: https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and https://meta.wikimedia.org/wiki/Wikimedia-l
> > > New messages to: [hidden email]
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> >
> > _______________________________________________
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Re: [Wikimedia-l] convert from BitCoin to FoldingCoin and other proofs of useful work

Joseph Seddon-6
In reply to this post by Jeremy Lee-Jenkins
Hey all,

The Wikimedia Foundation does not hold cryptocurrency in Bitcoin. Whilst we
do accept bitcoin donations, this is currently done indirectly via BitPay
which converts from Bitcoin/Bitcash to Dollars prior to receipt.

This is documented on our Ways to Give page:

https://donate.wikimedia.org/wiki/Ways_to_Give#Bitcoin

Regards
Seddon

On Fri, Nov 2, 2018 at 8:59 PM Jeremy Lee-Jenkins <[hidden email]>
wrote:

> > Is FoldingCoin still vulnerable to a 51% attack?
>
> It's still highly vulnerable to a 51% attack because there is
> literally no way to combat the basic principle without giving up on
> the idea of decentralization.
>
> > I don't know anything about FoldingCoin and whether it is more or less
> vulnerable to this kind of fraud than other cryptocurrencies.
>
> The only reason some of the larger cryptos don't get affected by this
> is because there are so many stakeholders that no one can really get
> enough power together to take over.
>
> > Do you think it is reasonable for the Foundation to convert bitcoin to
> FoldingCoin as part of its program to source clean electricity?
>
> In a nutshell, no. While Folding@home is a worthwhile project,
> FoldingCoin is not, and the fact one project is worthwhile should not
> be taken to men the other has any merit whatsoever.
>
> No serious person should be investing in someone else's
> cryptocurrency, the underlying technology is free and if you want one,
> make one. The blockchain is just a software package that anyone can
> make their own version of as easily as installing a MySQL database.
> Simple as that.
>
> J.
>
> On 11/1/18, Gerard Meijssen <[hidden email]> wrote:
> > Hoi,
> > Bitcoin and its ilk rely on an overabundance of energy. In this day and
> age
> > the speculation of these "currencies" is irresponsible. The best attack
> on
> > this pyramide game is to stay away from it.
> > Thanks,
> >      GerardM
> >
> > On Thu, 1 Nov 2018 at 10:38, Robert Rohde <[hidden email]> wrote:
> >
> >> > What is a 51% attack?
> >>
> >> A 51% attack is when a single malicious entity controls >51% of the
> >> computing power being used to validate the blockchain of a particular
> >> digital currency.  Blockchain-based digital currencies rely on a
> consensus
> >> of computing participants acting in good faith to verify transactions
> and
> >> coin ownership.  However, if a single entity controls a majority of the
> >> compute power, then it is possible for them to maliciously validate bad
> >> transactions to steal, double spend, and otherwise commit fraud using
> the
> >> currency.
> >>
> >> Smaller digital currencies, with fewer participants acting to maintain
> >> their blockchain, are generally more vulnerable to this kind of
> attack.  A
> >> bad actor can rent a large block of computing power and then use it to
> >> attack a small blockchain.   Such attacks have been becoming more
> common,
> >> though the largest coins (e.g. BTC) are still resistant due to the size
> of
> >> their community.
> >>
> https://www.coindesk.com/blockchains-feared-51-attack-now-becoming-regular/
> >>
> >> I don't know anything about FoldingCoin and whether it is more or less
> >> vulnerable to this kind of fraud than other cryptocurrencies.
> >>
> >> However, the 51% attack may just be the death of many smaller alt-coins,
> >> unless an effective countermeasure can be developed.
> >>
> >> -Robert Rohde
> >>
> >> On Thu, Nov 1, 2018 at 8:23 AM James Salsman <[hidden email]>
> wrote:
> >>
> >> > Geni, it's the "Day of the Dead" now so I want to attempt to resurrect
> >> > this thread.
> >> >
> >> > Is FoldingCoin still vulnerable to a 51% attack? What is a 51% attack?
> >> >
> >> > Do you think it is reasonable for the Foundation to convert bitcoin to
> >> > FoldingCoin as part of its program to source clean electricity?
> >> >
> >> > Best regards,
> >> > Jim
> >> >
> >> >
> >> > On Fri, Apr 13, 2018 at 7:21 AM James Salsman <[hidden email]>
> >> wrote:
> >> > >
> >> > > > Cryptocurrency. If your first thought isn't "how could a scammer
> >> > > > exploit this" you are doing it wrong.
> >> > >
> >> > > I've thought about that for several hours now, and I'm sure scammers
> >> > > far prefer bitcoin. Folding@Home's lab director is a partner
> >> > > Andreessen Horowitz, so he has certainly had no lack of resources to
> >> > > defend against the possibility, and I am persuaded that the Indiana
> >> > > nonprofit behind FLDC is sincere and acting in good faith at
> present.
> >> > > If the Foundation is hesitant, they might sponsor an audit of either
> >> > > or both, but the Folding@Home project is so established that its
> >> > > article is featured on enwiki.
> >> > >
> >> > > I have no financial interest in any cryptocurrency, and I never
> have,
> >> > > and I don't have a familial interest with anyone who I am aware has
> >> > > any either.
> >> > >
> >> > > Best regards,
> >> > > Jim
> >> >
> >> > _______________________________________________
> >> > Wikimedia-l mailing list, guidelines at:
> >> > https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and
> >> > https://meta.wikimedia.org/wiki/Wikimedia-l
> >> > New messages to: [hidden email]
> >> > Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l
> ,
> >> > <mailto:[hidden email]?subject=unsubscribe>
> >> _______________________________________________
> >> Wikimedia-l mailing list, guidelines at:
> >> https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and
> >> https://meta.wikimedia.org/wiki/Wikimedia-l
> >> New messages to: [hidden email]
> >> Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l,
> >> <mailto:[hidden email]?subject=unsubscribe>
> > _______________________________________________
> > Wikimedia-l mailing list, guidelines at:
> > https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and
> > https://meta.wikimedia.org/wiki/Wikimedia-l
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> > Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l,
> > <mailto:[hidden email]?subject=unsubscribe>
>
>
> --
> Warm Regards
>
> Jeremy Lee-Jenkins
>
> _______________________________________________
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> https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and
> https://meta.wikimedia.org/wiki/Wikimedia-l
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> <mailto:[hidden email]?subject=unsubscribe>



--
Seddon

*Community and Audience Engagement Associate*
*Advancement (Fundraising), Wikimedia Foundation*
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