[Freedombox-discuss] startup 'Nebula' releases personal cloud device

[Jonathan Wilkes]

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> From: Melvin Carvalho <melvincarvalho at gmail.com>
>To: Eugen Leitl <eugen at leitl.org> 
>Cc: freedombox-discuss <freedombox-discuss at lists.alioth.debian.org> 
>Sent: Wednesday, April 3, 2013 6:07 AM
>Subject: Re: [Freedombox-discuss] startup 'Nebula' releases personal cloud device
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>On 3 April 2013 10:43, Eugen Leitl <eugen at leitl.org> wrote:
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>On Tue, Apr 02, 2013 at 09:03:19PM +0200, Melvin Carvalho wrote:
>>
>>> mining one bitcoin and the freedombox hardware is free :)
>>
>>You've not been keeping up to date: GPGPU clients are below
>>energy costs and even ASIC mining rigs are iffy on ROI.
>>
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>An ASIC should be OK, if you can get one.  GPU / FGPA will generate more 
than the electricity but will unlikely pay or the hardware.
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>But you are thinking about a bitcoin only paradigm.
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>There is room for the coinspace to be 100 or 1000 times bigger.  If GNU had 
started a coin 1-2 years ago I think all the major mining pools would 
have merge mined it, making it more attack resilient.  They are 
generally good folks.  
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>If FBX could come up with a creative hack to make useful distributed coin system, you could lower hardware costs.
>You could also just raise money and give away FBX hardware.  That is more secure than any
distributed coin system you can come up with-- no matter how quickly or cleverly the system
delivers tokens to the user to recoup the cost of the FBX it will always be slower than getting it
for free.  (It also requires 0% cpu usage, which is remarkably efficient.)

The only extant cryptocurrency I know that would even be able to generate tokens on a FBX
is Timekoin, and if you can figure out how it guards against rampant Sybil attacks please
let me know.

-Jonathan