Hi All,
I've been reading/following the whole evolution of bitcoins as currency and I'm still a bitcoin skeptic (I prefer potential rather than spent processing power :) ).
So I was curious, has anyone in the past tried to create a virtual currency based on a resource value, like future usage of CPU time (i.e. $1 would equal an equivalent amount of electricity and hardware wear and tear for x number of CPU cycles, which could be exchanged either for the cycles, at a super computer bank or for other currencies)?
To me it seems that bit coin is like a spent CPU resource rather than a future resource and by flipping the equation to future rather than past value a currency based on this type of commodity would be useful... any thoughts?
R