The ultimate thing would be for a cryptocurrency to be based on thoughts/comments/ideas, but nobody has quite cracked how to quantify the value of those yet. So the best idea in this space I've managed to get to so far is to have the network process big data to find meaningful patterns.
Not only could the value of the big-data-backed cryptocurrency grow in value off the speculation, you could charge companies to upload/stream their data into the network and essentially have a giant distributed supercomputer processing it and searching for patterns. Then share a percentage of any revenue with the miners as an added bonus.
I feel we're already at the point where more data is produced than our ability to process, understand and extract useful insights from that data. And the rate at which global data is produced appears to be on a never ending exponential growth curve.
So in one swoop you could lay the foundations for a global distributed currency whilst harnessing the collective computing power of the Internet to solve humanity's problems, gain tremendously powerful insights into human behaviour at all levels from micro to macro, make us more efficient as a species and eventually the potential to become the global AI that feeds off all data streams; constantly feeding in, being processed, recorded, analysed, and subsequently feeding the computed knowledge into agents that make real-world decisions and actions.
If anyone has thoughts, skills or interest in this... hit me up.
> So in one swoop you could lay the foundations for a global distributed currency whilst harnessing the collective computing power of the Internet to solve humanity's problems, gain tremendously powerful insights into human behaviour at all levels.
Exactly, I think it is possible to create a distributed cyptocurrency and use that computation for something useful in the same time.
Not only could the value of the big-data-backed cryptocurrency grow in value off the speculation, you could charge companies to upload/stream their data into the network and essentially have a giant distributed supercomputer processing it and searching for patterns. Then share a percentage of any revenue with the miners as an added bonus.
I feel we're already at the point where more data is produced than our ability to process, understand and extract useful insights from that data. And the rate at which global data is produced appears to be on a never ending exponential growth curve.
So in one swoop you could lay the foundations for a global distributed currency whilst harnessing the collective computing power of the Internet to solve humanity's problems, gain tremendously powerful insights into human behaviour at all levels from micro to macro, make us more efficient as a species and eventually the potential to become the global AI that feeds off all data streams; constantly feeding in, being processed, recorded, analysed, and subsequently feeding the computed knowledge into agents that make real-world decisions and actions.
If anyone has thoughts, skills or interest in this... hit me up.