Martin Shkreli, out of prison for running a Ponzi scheme, now pushes Web3 venture
It differs in that it calls for using"Proof-of-Optimization, a novel Proof-of-Work mechanism establishing consensus by validating and rewarding solutions to function optimization problems."
Consensus algorithms are necessary to coordinate activity among decentralized compute nodes. Proof-of-Work is the energy-hungry cryptographic consensus mechanism made famous by Bitcoin. Essentially, the white paper suggests that participants will be rewarded, presumably with some cryptocurrency token, for submitting the most highly optimized solution to a particular task.
However, the paper also denies any such aspirations and insists it's purely a solicitation for public feedback. Following its summary paragraph, the paper includes a length disclaimer that asserts nothing within should be relied upon: Legal Disclaimer: Nothing in this White Paper is an offer to sell, or the solicitation of an offer to buy, any tokens. Druglike is publishing this White Paper solely to receive feedback and comments from the public. If and when Druglike offers for sale any tokens , it will do so through definitive offering documents, including a disclosure document and risk factors.
Nothing in this White Paper should be treated or read as a guarantee or promise of how Druglike’s business or the tokens will develop or of the utility or value of the tokens. This White Paper outlines current plans, which could change at its discretion, and the success of which will depend on many factors outside Druglike’s control, including market-based factors and factors within the data and cryptocurrency industries, among others.
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