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Re:FoldingCoin by wyager on Wednesday January 28, 2015 @06:23PM (#8963210)
>Imagine if all that computation time were put to good, scientific use while still providing the same proof-of-work benefit.

Cryptographic hashes have the unique property that their difficulty is quite predictable, which is an absolute necessity for PoW based voting systems (like Bitcoin). I don't believe there are any known scientific computation problems that have the same desirable PoW properties as a cryptographic hash algorithm.

Re:FoldingCoin by fryguy on Wednesday January 28, 2015 @09:55PM (#8964062)
Also, they must be a lottery, in that it's lots of "easy" problems that have a small chance. Otherwise it weakens the "50% attack" by meaning that someone with the most computing power can efficiently "hard" problem much more reliably, rather than the their percentage of the total computing power.