Topic: [ANN] Freicoin: demurrage crypto-currency from the Occupy movement (crowdfund) (Read 68048 times)

hi,

Is there any windows mineable qt wallet ?
The one i found can not be mined

thanks

Site is not able to be used as before with no DOGE market, only a BTC one.

Most of the coins that formed a staking economy are not in no Sat buy order realm.  Even Reddcoin, Hyperstake.  Your site is virtually
worthless now unless you get a new template for a DOGE market, or at least LTC.

Also, support doesn't work.

https://youtu.be/txJ4zVo4xxY

this^    bowbow

#occupybitcoin

Brute force of the old system imminent - biggest run and titanic crash soon then try not to lose your head.  Lol

That’s freiexchange. Dude, I why isn’t that pic like everywhere. Baddest setup I’ve ever seen.  Me and freiexchange, we TIGHT!!!!

Wow, I wanna know what setup that is, what it’s  primary use is and how much all of it cost.  I wanna Tron and Troll. 

While I maje mass bank, ya rat 🐀.  Y u don’t talk to me no no? I made peoplez wrong angry and butthurt they are.  You me and that V homophobe be frena 4eva, and Richie too and that other prank call troll.  We had the funniest team who gives order to no more funs?  I wants back.  Nowwwwwwww. 

Yo homie bring the Apocalypse.  Soooooooon. 

Occupy Crypto    weeeeeeeeeeee

Is that the CEO? Such an old exchange and still there, maybe worth to look further into?

https://freiexchange.com/market/XTZ/BTC

----------> https://objkts.xyz/

KINGZ OF NORWAY!! =))) GOOOOO!!!

Any plans to relaunch this coin.  Great coin but it has been forgotten.  Thanks.

Thanks for explanation skaro.


If you think inflation and demurrage sucks, then you will hate demurrage even more.

With monetary inflation (printing more money), because of the way economy works the paper money or digital will be worth less and people will ask for more money when trying to exchange something for this money.
At the end of all this you will have the same amount of money but the things will cost more money than before because of inflation, so you actually lost money.


With demurrage is even worse.
People will lose actual paper notes or digital coins because of demurrage. But not only that, because of the fact that companies are also losing papernotes and digital coins, they will need to increase the price of their products because demurrage will be basically a new tax that the companies have to pay.
So not only you will have less money but the products will cost more than before.

But at least with demurrage, most of the value lost by people (the one lost by losing coins) is seen by them, people (state economists) talk about making people losing value (inflation or demurrage) is good because it make them spend, with inflation many guys dont even know of such inflation and think its natural thing (I assumed as a kid and teenager price increase was a natural thing). So inflation will not make them spend (assuming this is what is wanted and not just some excuse to have state style inflation), because they dont even know they need to because inflation WILL, WITH 100% CERTAINTY, HAPPEN.

Freicoin is even worse because it has both inflation (until all coins are distributed by mining) and demurrage.


Obviously, you are not forced to use freicoin (I hate demurrage and inflation) and so I wont use it. But I find the coin interesting that a least is not just another coin with ALL those 3 features 1-Pow Mining. 2-Coin is not premined (XRP style primine dont count as premine), and the market cap will only be reached at far future. 3-Coin dont have an extreme amount of unique coins (marketcap /minimum amount of coins you can have)




As skaro explained, arent lost due to demurrage, they go back to be mined like the mining fees.

Also this avoid the problem of lost wallet because they will eventually lose all their money to demurrage, sending the coins back to be mined. But the problem wont be solved if a wallet with the minimum amount of freicoin you can have keeps rounding demurage tax down to 0 coins. If that happens you will eventually have tons of lost wallets with the minimum amount of freicoin possible that wont lose this coin due to demurage.

I have a similar question.  What exactly happened to all the demurraged coins all these years.  It had to be at least half the total supply.  Are they burned or what’s going on.  We shouldn’t have 100 million Max supply with demurrage.

Can the devs explain exactly how many coins are currently in circulation, what’s the max supply and what happens to all the coins that were lost due to demurrage? 

Thanks. 

One question, If the coin have demurrage fees, why the coin inst fully premined?

Why have both monetary inflation and demurrage. (PS: Not saying to you remove demurrage from this project)

LOLLLL    IT'S A TARPPPP

Whats going on here? Since Demurrage ate all of your coins it absolved you from obligation to sit your ass at home, babysit finances etc., which creates an excess of free time which you should spend in a local medical facility. Get taken care of. Unless you want Mr. Demurrage to show up in your house or terrorize your wife. People replying in this thread do not realize where they are. The thread is 7 years old. Purge "Demurrage" word and link to wikipedia article from it.

Freicoin price has taken a tumble again.After buying all my coins at over 100 sats insult is added to injury with demurrage eating away all my coins in the wallet
Heres a serious proposal.GET RID OF DEMURRAGE ALTOGETHER

For those interested, Freicoin is trying to expand its community and could use some help in development. Please come check out what Mark has posted as issues:

https://github.com/tradecraftio/tradecraft

Inflation create a susbsistance economy, where normal people can't save money because they will either lose it or lose its power. This creates a society that has less power to influence the market and the ultra riches reign freer from normal people influence.
The ultra rich have (instead of a pile of cash at some vault)  their companies, and etc.... that aren't money and so wont be taken by the system (in demurrage) or devalued with inflation.


Instead what could be tried with demurrage, is to try to test if demurage can work to make a coin more stable, something like this.
The coin DON'T use proof of burn.
The coin is 100% premined, and people mine only transactions fees and demurrage fees, but unlike clam coin where every wallet that had more than 0 bitcoin at specific day/hour X will get Y clam coins, you will only get one of the premined coins if you asked during the premine, this to avoid lost coins and make the coin "more premined", no coin will be "discovered at the future".
After Z days EACH wallet lost W coins, W is not a percentage of something, but specific W coins and will continue to be W until the heat death of universe.. W can't be a value too low (imagine every month each bitcoin wallet losing 1 satochi as some example) but also not too high.
The amount of unique coins (at bitcoin is 2100000000000000 coins) must be really high to support any wealth disparity possible and any amount of users without the need of adding more coins, or adding more zeroes before 1, so W stays always the same.
The coin will be pegged by the ability to pay to this ability to pay W.