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Cryptocurrency system using body activity data

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21–30 of 49 posts

Re: Cryptocurrency system using body activity data

#21
post #12

Revelations 13:17 So that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. Patent number is: 060606 Thats a funny coincidence.

Did Microsoft really file this or is it some kind of 4chan prank? Embedded microchips monitoring brain wave activity and releasing rewards for viewing advertisements (one of the many examples from the document). These seems too “out there.”

I really hope this is fake.

Re: Cryptocurrency system using body activity data

#22
post #3
post #2

Seems easy to game.

If the human activity involves doing something reCaptcha-/mechanical turk-esque then that's likely the point: incentivising development of systems that game this would likely result in novel AI models/tech

How would you turn that into a proof of work system, if the answer is already known beforehand?

Re: Cryptocurrency system using body activity data

#23
post #12

Revelations 13:17 So that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. Patent number is: 060606 Thats a funny coincidence.

Did Microsoft really file this or is it some kind of 4chan prank? Embedded microchips monitoring brain wave activity and releasing rewards for viewing advertisements (one of the many examples from the document). These seems too “out there.” I really hope this is fake.

> I really hope this is fake.

This is not fake.

Re: Cryptocurrency system using body activity data

#25
Since we’re talking about gamifying physical actions to produce a currency, I’ve always wondered if there was a way to gamify sexual activity such that you can influence human breeding for collective societal goals. Might be interesting to combine the idea of such currency with dating networks as well to see what happens.

Re: Cryptocurrency system using body activity data

#26
post #12

Revelations 13:17 So that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. Patent number is: 060606 Thats a funny coincidence.

My jaw dropped as soon as I saw this submission. As a Christian who has recently gotten into crypto, I thought it might be Ripple / XRP that would fullfil this prophesy.

It looks like it will be Microsoft. Feeling some serious chills!

Re: Cryptocurrency system using body activity data

#28
post #7

I don't understand what makes this a "cryptocurrency" instead of just any kind of currency token. I know that it's mostly a buzzword these days but at the very least I'd expect cryptocurrencies to involve some kind of cryptographic proof for transactions. Here as far as I can tell it's just some centralized system monitoring user/guinea pig activity and issuing some token currency based on an unspecified algorithm. I…

Useful proof of work is not the basis for a cryptocurrency, it is the basis for... useful work. The inventors apparently don’t understand the economic principles behind commodity money.

Re: Cryptocurrency system using body activity data

#29
post #14

Proof-of-Work alternatives that could distinguish between a human and spoofing attempts is an important problem. This patent is about this problem but it does not put forward a solution. It's probably an attempt for patent trolling in the unlikely case that a feasible genius solution would be found.

There’s already a “genius” solution: fiat currency which can be printed in infinite quantity for virtually zero cost. But, if you don’t like the downsides of fiat then you’re stuck with proof-of-work.

Re: Cryptocurrency system using body activity data

#30
post #8

"[0002] Several cryptocurrencies exist. Among these, the most well known is a blockchain-based cryptocurrency. Most blockchain-based cryptocurrency is decentralized in the sense that it has no central point of control. However, blockchain-based cryptocurrency can also be implemented in a centralized system having a central point of control over the cryptocurrency. Bitcoin is one of the examples of blockchain-based cr…

Why are you speechless? Your comment invites no conversation and provokes no deliberation. Please expand on it.

Because “centralized cryptocurrency” is an oxymoron
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