Topic: [ANN] Freicoin: demurrage crypto-currency from the Occupy movement (crowdfund) - page 10. (Read 67701 times)

I have to restrain myself heavily from saying:

this coin is the biggest piece of shit ever made

don't waste your time... fuck you occupy

If this is a ban-able offense please inform me and i will edit my post.

Freicoin is now trading on Vircurex and it looks like there is an order that is really high!

1)

mining

before 161280   -0.000986912724567928 * block number + 254.53671561
after 161280   95.36743164

foundation

before 161280      496.03174604

2)

if cryptocoinexplorer ever comes back up its listed on there, or you can use the formula above to calculate the money supply

https://bitcointalksearch.org/topic/m.1420188

Does anyone knowledgable of Freicoin have formulas for:

1) The value of the current block reward
2) The current money supply (other variable block reward coins have a "moneysupply" field in the getinfo response)

If you have problems recovering your wallet, or any other technical question, I recommend the official freicoin forum: http://www.freicoin.org/technical-support-f16.html

If you make a clean install of freicion you should replace its generated wallet.dat with your backed up wallet.dat, so you are certain to restore the backed up wallet _after_  re-installing the freicoin client.

0 confirmation after 3 day.....what and how to do? i deleted everything but keep wallet, re-install all thing in new and still 0 confirmation 

This is definitely something important.

Just because an alt coin has a lot of threads here going on and on about how great it is, doesn't mean it is great.

I must admit, I've been surprised at how long FRC has flown under the radar for an extremely different and innovative coin.

What about introducing some kind of duo-coin for this purpose? Let's say we have a 'Senate' coin much like PPCoin, with one vital exception: All it gets in POS revenue (only freicoin proper) from the coin generation and regenerated demurrage can only be spent on a list of grantees voted over by the present holders of freicoin proper (or for a simpler solution: POW workers), possibly even with an option for negative voting to suppress scam charities.

With this I envisage Senate coin to have utility as a gift-coin, but not much more. A gift coin, especially suitable for gifting to youngsters with a lot of idealism, to be transferred to the gift recipients favorite charity for there to generate revenue in perpetuity. Thus network security will in the long run be centralized somewhat to be operated by charities. But I can´t see much downside to that - other than you might have to redesign the generated coins to be distributed not per block but rather as a subsidy for tx-fees (to give an incentive to small charities for investing in decent hardware and network connection). Gesellians (i am only a Gesell agnostic btw) might be inclined to give their senate coins to free land charities. There will certainly be a market for the Senate coin, but with a suitable long quarantine period after last transaction for POS generation to commence, the coin will naturally gravitate towards being held long term by an accepted charity.

Voting for the accepted list of charities by POW can be attacked by any large holder of hashing power (something like a voting 51% attack). But this would also be a motivation for anyone with a strong conviction of which charities should be accepted (or not, if negative voting is allowed) to be hashing away on their private PC (or more likely with political mining pools). Even if this protection is just partly successful charities that are not very highly regarded will be at an disadvantage. This because the charity trying to cling on to the list will incur extra expenses for hashing power wich after a while will make it more economical for the charity to rather sell their Senate coins on an exchange. We could even distill this all the way to have an exclusive political POW, not being allowed to keep any tx-fees or coin generation (which then over time will be recycled by demurrage); the miner will be hashing away only motivated by the privilege of voting rights. There could arise some POW hashing-war scenarios between belligerents over who should be white- or blacklisted, but this will never be of the magnitude of having all of the demurrage benefit to POW.

The PPC difficulty adjustment algorithm has some properties we don't like. We are currently working on our own difficulty adjustment algorithm that will have relatively fast impulse response.

don't worry,  there are no signs of coin dying.

I do monitor every coin every day. if anything worrying starts to happen again, this is the thread I'll ask for proofs od good FRC condion. if I dont get them I'll propose moove to dying in the sticky. if there would be no objections with serious arguments, it will be considered dying by community. so there you have it - it's a long way do be considered dying.

ignore crazy promotional or crazy FUD threads posts. those are just trying to be a manipulation .

p.s.

If you are ever gonna do a mandatory client update, I strongly suggest adopting PPC's difficulty adjustment in it.
no alt is going to be stable without it. maybe LTC can do it, but small sha256 coin cant.

Just have a look at the links below and you tell me if it is DEAD?

1. http://coinchoose.com/  <--- Profitabilty for FRC?
2. https://bter.com/trade/frc_btc <--- Trade volume for FRC?
3. http://1.cr.rs/ <--- Hash Rate for FRC?
4. http://www.freicoin.org/general-f8.html  <--- Goods and services available to purchase for FRC?
5. http://www.freicoin.org/mining-pools-list-for-frc-t251.html <--- Pools with FRC?
6. http://www.freicoin.org/freicoin-foundation-f15.html <--- Developers and Users Discussion of the (as yet formed) Foundation for FRC?

------- LONG WINDED SPEECH IGNORE IF YOU LIKE ------------

There are certainly those who do not know very much about FRC and spread what really amounts to propaganda and ignorance because of lack of understanding or just brainwashing or group think particularly those of the right leaning neo-libertarians who for the most part live in the 1700's where everyone should be given their parcel of land and have unlimited rights to do what they damn well please and gov't should not exist. Unfortunately with 6 billion + humans the tragedy of the commons is more about the unlimited and unregulated power of corporations backed up by these neo-cons or neo-libertarians who undercut democracy and real progress. Having said that I welcome Anarchists or even these Neo-Cons to join FRC and work to have the foundation simply destroy the coin and have it recycled back to the miners. That is just as good as any other option that has been discussed about the foundations roll in the 80% dispensation.

I for one just can't sit back and listen to pure conjecture and typically misinformation of what amounts to people who really don't give a shit about this altcoin and are flexing their brains in a philosophical discussion that has already been debated and over the past 30 years. Trickle down doesn't work. 0 government doesn't work and neo-libertarianism as defined and co-opted by Ron Paul and his ilk definitely won't work given that corporations control the gov't and the purse strings of govt. To have a debate about a user defined democratic dispensation of funds can work if people get involved and be HONEST about the checks and balances. I for one appreciate that humanity can work collectively and support the bootstrapping of projects like this. My suggestion for the people with no real vision is to simply AVOID FRC and let those who see that the Demurrage alone is the selling point of this altcoin and that when adopted widely FRC will be a means of exchange not a means of storing value longer term. BTC can be for those speculators. In fact mine FRC and then convert it to BTC win win win for everyone. If you want to join in the honest debate then do so... if you are just here to rehash backwards and limited political theory of the right wing establishment in America then do it elsewhere.

I want to see a coin that can be lent to users at 0% interest that to me means more than anything in this debate. That 80% of the first 3 years will eventually be recycled back into the miners hand so to me better we actually find the best way as USERS to help everyone use this coin. If you don't want to get involved just don't,  but make sure you don't lie and misrepresent the efforts of hundreds of people simply because you want avoid a world with any human collectivism. The irrational fear of a central control and all the ills associated with it can be worked in a more PARECON arrangement or PARPOLITY something that results in REAL DIRECT DEMOCRACY at work, home and throughout society. I for one want that not some world where those with the means to buy computers and have cheap electricity can lord over the rest of the billions on our planet that do not have that access. Pure hypocrisy is what I see from those who argue for a purely technological answer to democracy and equality of bitcoin. What is frightening about those who are so vocal against FRC is that complete hypocrisy and detachment from reality with regards to democracy and equality. I chalk it up to indoctrination... but it could be ignorance or a lack of reading or better yet they are just too fucking lazy to get involved and support a community other than those who look the same talk the same or have the same last name. Really sad.

Reports of Freicoins demise have been greatly exaggerated.

So, there is a lot of 'Freicoin is dead' going around. How accurate is this?

Checks and balances. There's concern that the proof-of-stake voting could be gerrymandered into "pay me all the demurrage. kthx!" The miners would be able to reject such a budget (at a cost).

How does the PoW half of the voting help?

I'm glad I got notification about the new posts, because I somehow missed this one. Yes, we could use your help or the help of anyone here in devising a protocol for Republicoin. One of my TODO tasks is to compile all the thoughts that we had about which are currently spread all over the forum. But in a nutshell:

If it were implemented in time, Republicoin budgeting could be used to distribute the remaining Foundation funds. However the long-term purpose is to more efficiently distribute the 4.9% perpetual demurrage-offsetting subsidy. A bicamerate proof-of-work/proof-of-stake congress would first come to agreement on the split between money going directly to miners and money distributed through budgeting. Then the proof-of-stake voters would come up with a budget, of which the proof-of-work voters (miners) would have veto power. If it passes, it then becomes the network rule: blocks are rejected unless that portion of the funds are spent within the coinbase according to the current budget.

As for how it would be implemented, the obvious solution is some sort of digital signature voting protocol on a meta-chain - that is to say merge-mined alt chain with the specific purpose of timestamping signed ballots. That's getting a bit ahead of ourselves though, as right now what needs to be done is the selection of a suitable distributed voting protocol, of which there are probably examples in the academic literature, and determining how proof-of-stake signatures will be constructed (unsolved problem, as far as I'm aware).

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.


I agree. I have even touched on this in my proposal.


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.

I could really use a 0% interest loan personally.

PSST... want the rest of us Freicoin devoted Plebs like me to take up the torch Maaku?

Keep pluggin away man... very very happy with the coin. It's profitability and the fact the Demurrage will get this coin moving. I think the PR campaign is a simple one. Good devs, fair democratic distribution of foundation funds we all get a voice in and a lot of coin for miners who will eventually get every single Kria as the demurrage will slowly but surely right all the "evils" of the original dispersement through a foundation.

You can moan and bitch and whine but at the end of the day this coin will be there, it will provide a means to purchase goods and services and will be less likely to be hoarded. That for me is something to look forward to as well as 0% interest loans... ya 0%!

There are more than a FEW people out in the wild who see the value of this coin. Whether you want as a user to get involved is your choice but I bet you dollars to donuts that the "foundation" in whatever form will be what we make it. Not some imaginary redistribution of wealth nightmare the right leaning types who have been drinking the Ron Paul coolaid in the US think. 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.

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. 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.