Topic: [ANN] Freicoin: demurrage crypto-currency from the Occupy movement (crowdfund) - page 21. (Read 67988 times)

Quote from: steelhouse on June 30, 2012, 01:15:27 AM

What I will do is become a miner and sell the coins and buy BTC.

Then you will be doing exactly what the currency is designed for.

Let me reiterate again: the purpose of this *coin is to cleanly separate the dual purposes of money, medium-of-exchange from store-of-value. You trade your mined freicoins for BTC, but the counter-party to that transaction doesn't want to hold on to freicoins any more than you do. So he uses it to buy services he needs, and the service provider gets rid of it by paying an employee, and that employee spends it buying groceries, and that grocer turns a profit and invests it in bitcoins, bringing the Freicoin cash back to the exchange, etc., etc. ad infinitum.

Bitcoin is and always will be an ideal mechanism for storing value, superior to Freicoin in that regard. That is expected, desirable, and by design.

A coin (medium-of-exchange) should be a store of value. Both workers and grocers would prefer to trade a coin with a store of value. People only save money to use in the future or to buy a bigger ticket item.

smoothie

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Quote from: galambo on June 30, 2012, 12:46:27 PM

Quote from: bulanula on June 30, 2012, 12:44:06 PM

Quote from: maaku on June 30, 2012, 12:42:42 PM

http://blockchain.info/address/1HzH4YtFwBQXyF2NCCwyY2qFCCsBsmdN3j

I already have.

How much?

What he considered to be an appropriate amount. What else matters?

Please, let's try to keep this on topic and without trolling.

By the looks of things he is the only one that donated; donated 0.20115289 BTC Cheesy

The donation link is here http://www.indiegogo.com/freicoin?a=784965

Wow you donated like a whole 50 cents. BRAVO! You are in such support of this project and its 28k goal LOL! Grin

galambo

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Quote from: bulanula on June 30, 2012, 12:44:06 PM

Quote from: maaku on June 30, 2012, 12:42:42 PM

http://blockchain.info/address/1HzH4YtFwBQXyF2NCCwyY2qFCCsBsmdN3j

I already have.

How much?

What he considered to be an appropriate amount. What else matters?

Please, let's try to keep this on topic and without trolling.

By the looks of things he is the only one that donated; donated 0.20115289 BTC Cheesy

The donation link is here http://www.indiegogo.com/freicoin?a=784965

bulanula

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Quote from: maaku on June 30, 2012, 12:42:42 PM

I already have.

How much?

What he considered to be an appropriate amount. What else matters?

Please, let's try to keep this on topic and without trolling.

By the looks of things he is the only one that donated; donated 0.20115289 BTC Cheesy

http://blockchain.info/address/1HzH4YtFwBQXyF2NCCwyY2qFCCsBsmdN3j

galambo

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Quote from: smoothie on June 30, 2012, 12:07:22 PM

smoothie: I'd be more likely to question the motivation of a cryptocurrency developer who doesn't ask for money.

Hmm perhaps then you should put your faith into what you wouldnt be more likely to question right?

Oh wait, you wont do that because you dont believe what you just wrote. Please prove me wrong and send the OP your money Grin

I already have.

How much?

A matter of perspective: from your perspective, too much. From mine, not nearly enough.

maaku

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I already have.

How much?

What he considered to be an appropriate amount. What else matters?

Please, let's try to keep this on topic and without trolling.

smoothie

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Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: smoothie on June 30, 2012, 12:07:22 PM

Quote from: smoothie on June 30, 2012, 12:07:22 PM

smoothie: I'd be more likely to question the motivation of a cryptocurrency developer who doesn't ask for money.

Hmm perhaps then you should put your faith into what you wouldnt be more likely to question right?

Oh wait, you wont do that because you dont believe what you just wrote. Please prove me wrong and send the OP your money Grin

I already have.

How much?

galambo

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Activity: 966

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smoothie: I'd be more likely to question the motivation of a cryptocurrency developer who doesn't ask for money.

Hmm perhaps then you should put your faith into what you wouldnt be more likely to question right?

Oh wait, you wont do that because you dont believe what you just wrote. Please prove me wrong and send the OP your money Grin

I already have.

smoothie

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smoothie: I'd be more likely to question the motivation of a cryptocurrency developer who doesn't ask for money.

Hmm perhaps then you should put your faith into what you wouldnt be more likely to question right?

Oh wait, you wont do that because you dont believe what you just wrote. Please prove me wrong and send the OP your money Grin

bulanula

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Quote from: galambo on June 30, 2012, 09:43:13 AM

smoothie: I'd be more likely to question the motivation of a cryptocurrency developer who doesn't ask for money.

Are you saying Gavin has something to hide Shocked

?

No way dood Wink

!

I actually agree with your statement there.

BTW, what happened to RealCoin guy that was working with Intersango guys and that altchain Huh

I am really curious !

galambo

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smoothie: I'd be more likely to question the motivation of a cryptocurrency developer who doesn't ask for money.

smoothie

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Please close this thread it's retarded.

Explodicle

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Merged mining is an important feature. It gives miners a reason to mine something that at first will trade for almost nothing, and if Freicoin ever takes off then Bitcoin can free ride off the high subsidy.

Bitinvestor

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Of course they will. The question, as always, is at what price.

See my previous reply. Grin

galambo

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Quote from: Bitinvestor on June 30, 2012, 07:23:16 AM

Quote from: Bitcoin Oz on June 30, 2012, 08:31:36 AM

You trade your mined freicoins for BTC, but the counter-party to that transaction doesn't want to hold on to freicoins any more than you do.

Do you really think that people will spend bitcoins to buy freicoins THAT THEY DO NOT WANT? Really?

Of course they will. The question, as always, is at what price.

Bitinvestor

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If no one wants the currency who gets left holding the bag ?

~~The miners?~~ Galambo! Cheesy

Bitcoin Oz

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Wat

If no one wants the currency who gets left holding the bag ?

Bitinvestor

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You trade your mined freicoins for BTC, but the counter-party to that transaction doesn't want to hold on to freicoins any more than you do.

Do you really think that people will spend bitcoins to buy freicoins THAT THEY DO NOT WANT? Really?

smoothie

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