Topic: [ANN] Freicoin: demurrage crypto-currency from the Occupy movement (crowdfund) - page 2. (Read 67963 times)

Quote from: hornetsnest on June 21, 2018, 05:09:52 PM

Quote from: gembitz on June 24, 2018, 12:55:39 PM

One question.

Lets imagine there is a coin where each year each wallet lose 1% of all coins. There are 100 coins and each coin value is 99 dollars, so the market cap is 9900 dollars.

At the end of the year everyone will lose 1%, the means the amount of coins will go to 100 to 99, and the market cap will continue the same 9900, this means the value of each coin is now 100 dollars.

If you had 10 coins worth 99 dollars, you had 990 dollars worth of coins, at the end of year if you didnt spend the money you will have 9.9 coins * 100 dollars = 990 dollars too.

As you see at the example the guy didnt lost any wealth by not speinding his coins, so the question is: how someone lose wealth from demurrage?

The only ones that would lose wealth are the ones that lose coins by rounding down during the demurrage process.

The money supply does not go down in Freicoin. What is taken as the demurrage fee is currently all paid to the miners.

Of course it goes down.Thats what demurrage is.Anyone who holds freicoin in their wallet would know this.

The total coin supply remains the same. What is destroyed from users wallets is regenerated in block reward and pays miners.

Yes I understand that but what the previous poster was referring to is the fact his net worth id depreciated through the demurrage process and this is the point which stands.If you buy and hold freicoin you lose through a form of taxation on your balance.Its no better than inflation and deincentivises any speculation in freicoin hence the price will never go anywhere.Traders will always steer clear of this one.

/\FRC is a good coin that has stood the test of time for many years~ i'm buying

===///^^^ freicoin to da moooooon!!!

Yes I agree.It is a good concept for a non speculative economic ecosystem but a terrible coin to hold solely on the demurrage extracted from coins on your wallet's balance.It would make more sense to hold them on the exchange and let the exchange take the hit instead but what large bagholder is prepared to hold hundreds of thousands of coins on a 3rd party exchange.

I agree also that both main developers are in the top of this game and am surprised they haven't scrapped this demurrage nonsense so the price can accelerate hard but in a sustainable manner.

https://freiexchange.com is a good exchange with competent developers ~ if they make FRC a way to pay to list new coins that would be a great pumping point* Wink

weeee

hornetsnest

hero member

Activity: 1459

Merit: 973

Quote from: hornetsnest on June 24, 2018, 12:52:04 PM

Quote from: hornetsnest on June 21, 2018, 05:09:52 PM

Quote from: hornetsnest on June 24, 2018, 12:52:04 PM

One question.

Lets imagine there is a coin where each year each wallet lose 1% of all coins. There are 100 coins and each coin value is 99 dollars, so the market cap is 9900 dollars.

At the end of the year everyone will lose 1%, the means the amount of coins will go to 100 to 99, and the market cap will continue the same 9900, this means the value of each coin is now 100 dollars.

If you had 10 coins worth 99 dollars, you had 990 dollars worth of coins, at the end of year if you didnt spend the money you will have 9.9 coins * 100 dollars = 990 dollars too.

As you see at the example the guy didnt lost any wealth by not speinding his coins, so the question is: how someone lose wealth from demurrage?

The only ones that would lose wealth are the ones that lose coins by rounding down during the demurrage process.

The money supply does not go down in Freicoin. What is taken as the demurrage fee is currently all paid to the miners.

Of course it goes down.Thats what demurrage is.Anyone who holds freicoin in their wallet would know this.

The total coin supply remains the same. What is destroyed from users wallets is regenerated in block reward and pays miners.

Yes I understand that but what the previous poster was referring to is the fact his net worth id depreciated through the demurrage process and this is the point which stands.If you buy and hold freicoin you lose through a form of taxation on your balance.Its no better than inflation and deincentivises any speculation in freicoin hence the price will never go anywhere.Traders will always steer clear of this one.

/\FRC is a good coin that has stood the test of time for many years~ i'm buying

===///^^^ freicoin to da moooooon!!!

Yes I agree.It is a good concept for a non speculative economic ecosystem but a terrible coin to hold solely on the demurrage extracted from coins on your wallet's balance.It would make more sense to hold them on the exchange and let the exchange take the hit instead but what large bagholder is prepared to hold hundreds of thousands of coins on a 3rd party exchange.

I agree also that both main developers are in the top of this game and am surprised they haven't scrapped this demurrage nonsense so the price can accelerate hard but in a sustainable manner.

gembitz

hero member

Activity: 1834

Merit: 639

*Brute force will solve any Bitcoin problem*

Quote from: hornetsnest on June 21, 2018, 05:09:52 PM

One question.

Lets imagine there is a coin where each year each wallet lose 1% of all coins. There are 100 coins and each coin value is 99 dollars, so the market cap is 9900 dollars.

At the end of the year everyone will lose 1%, the means the amount of coins will go to 100 to 99, and the market cap will continue the same 9900, this means the value of each coin is now 100 dollars.

If you had 10 coins worth 99 dollars, you had 990 dollars worth of coins, at the end of year if you didnt spend the money you will have 9.9 coins * 100 dollars = 990 dollars too.

As you see at the example the guy didnt lost any wealth by not speinding his coins, so the question is: how someone lose wealth from demurrage?

The only ones that would lose wealth are the ones that lose coins by rounding down during the demurrage process.

The money supply does not go down in Freicoin. What is taken as the demurrage fee is currently all paid to the miners.

Of course it goes down.Thats what demurrage is.Anyone who holds freicoin in their wallet would know this.

The total coin supply remains the same. What is destroyed from users wallets is regenerated in block reward and pays miners.

Yes I understand that but what the previous poster was referring to is the fact his net worth id depreciated through the demurrage process and this is the point which stands.If you buy and hold freicoin you lose through a form of taxation on your balance.Its no better than inflation and deincentivises any speculation in freicoin hence the price will never go anywhere.Traders will always steer clear of this one.

/\FRC is a good coin that has stood the test of time for many years~ i'm buying

===///^^^ freicoin to da moooooon!!!

hornetsnest

hero member

Activity: 1459

Merit: 973

Quote from: hornetsnest on June 21, 2018, 05:09:52 PM