I for one grow tired of the group think that somehow mining is the most fair and democratic way to dispense a coin when in reality the 99% of the planet who can't even afford electricity watches on. Might want to get your head out of your ass and participate in something that requires you to do more than sit in the balcony and heckle down like a muppet. There is certainly a bubble in this community and nothing seems to escape it very cowardly thinking it is.
I, for one, am not just sitting on the balcony heckling. I've spent the last two years designing an alternative (see sig)--coin dispensation sans mining, after a fashion, included. I am very anti-bitcoin. I also believe that demurrage has little chance of being accepted when there will be people willing to pay in non-demurraging currencies. But that is also not the topic I was bringing up--I was questioning the motives of the developers when the foundation for the currency distribution has not a whit of a mention in the PR media. That smells bad to me.
You have supplanted the "system" with a network of miners who are continually consolidating their grip on Bitcoin.... over time Bitcoin will not be decentralized rather centralized in the hands of people with more and more hashing power.
I agree. I have even touched on this in my proposal.
Which do you want? A humane system where there could be errors in judgement or a system that eventually becomes the very thing you despise when the corporate takeover happens? I prefer to think that a foundation of the users for the users can work more efficiently than a system that is built on 1st world technology excluding billions of people.
I believe there is a third option you have not considered--perhaps the best of both worlds--and the proposal for it is in my signature. I won't mention it again here though as I know that sort of thing is annoying and I'm not here to promote Decrits.
Regardless of all else, Freicoin has not eliminated mining and will be either significantly easier to attack than bitcoin (is mining the source of voting in republicoin? even worse if so), or in the habit of wasting all sorts of resources like bitcoin in pursuit of a currency that will only lose its value.