Riecoin: A Cryptocurrency With a Scientific Proof of Work 156
An anonymous reader writes "Enter decentralized, open source mining with the first scientific proof of work. Riecoin is a decentralized (p2p), open source digital currency. Proof of work is about finding Hardy-Littlewood k-tuples. Ultimately miners are verifying the Riemann hypothesis. Unlike for Primecoin the probability of accepting a false positive goes to zero as the network grows. Primecoin uses Fermat Test which runs the risk of accepting so called Carmichael numbers. Riecoin uses a stronger test to ensure correctness."
Re:What we're really going to need ... (Score:5, Informative)
What we're really going to need, and soon, is a program to know what all these *coin currencies are, and maybe some exchanges to change your Xcoins to Ycoins to dollars. Maybe even a consumer report on the issue: "We recommend avoiding FraudCoin as a poor value."
https://www.cryptocoincharts.i... [cryptocoincharts.info]
To be honest though FraudCoin was kind of a dead give away just by the name.
Re:How much are they worth? (Score:5, Informative)
"... more people will start producing them because there's good profit to be had."
And this is only true because of Bitcoin's dual nature: it is not just a currency, like fiat dollars, but also a commodity that can be produced at home.
Which is why I say the market for Bitcoin is completely irrational. There is no economic reason for it to bounce all over the place. Investors are being stupid.
Re:Time for an ecologically sound cryptocurrency (Score:2, Informative)
Look up CureCoin.
Re:How much are they worth? (Score:2, Informative)