Good recent news for Freicoin followers, new and old, is that Maaku is currently back on the project. He chose to leave BlockStream to work on more creative projects for himself.
He has been posting technical updates at Freicoin Alliance: https://freicoinalliance.com/topic/634-new-release-v0862-5/
Topic: [ANN] Freicoin: demurrage crypto-currency from the Occupy movement (crowdfund) - page 3. (Read 68048 times)
June 21, 2018, 07:41:02 PM
June 21, 2018, 07:30:26 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.
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.
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.
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.
June 20, 2018, 03:29:03 PM
- the most simplified system of payments for services and goods using cryptocurrency
- connection of the cryptocurrency wallet to online-stores in one click
- API and SDK
- maximal convenience of deposits and withdrawals of fiat money through our site
(P2P service)
- fast transactions
- fees for transactions are close to 0%
- anonymity
- masternodes
- connection of the cryptocurrency wallet to online-stores in one click
- API and SDK
- maximal convenience of deposits and withdrawals of fiat money through our site
(P2P service)
- fast transactions
- fees for transactions are close to 0%
- anonymity
- masternodes
Well nothing.
June 08, 2018, 08:56:23 AM
- the most simplified system of payments for services and goods using cryptocurrency
- connection of the cryptocurrency wallet to online-stores in one click
- API and SDK
- maximal convenience of deposits and withdrawals of fiat money through our site
(P2P service)
- fast transactions
- fees for transactions are close to 0%
- anonymity
- masternodes
- connection of the cryptocurrency wallet to online-stores in one click
- API and SDK
- maximal convenience of deposits and withdrawals of fiat money through our site
(P2P service)
- fast transactions
- fees for transactions are close to 0%
- anonymity
- masternodes
June 08, 2018, 08:54:21 AM
What are the differences between the new SONDER project?
June 07, 2018, 12:17:36 PM
I want to have more information about this
Its such a long time here
Its such a long time here
Well come join the Freicoin Telegram channel https://t.me/freicoin
June 04, 2018, 02:45:01 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.
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.
June 02, 2018, 09:11:28 AM
I want to have more information about this
Its such a long time here
Its such a long time here
May 25, 2018, 10:24:32 AM
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.
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.
November 29, 2017, 04:45:20 AM
Hello.
Will there be updated wallets? (Download on website still lists old version dating back to 2012)
Thanks.
November 08, 2017, 01:36:29 AM
Need Chinese translation
November 05, 2017, 05:08:24 PM
Is there approximate figure on profiits since founding?
November 02, 2017, 06:17:57 PM
Hardly dead! No! It was a dead coin and is now being resuscitated!
BlockStream founders are now back on their original Freicoin project (in their spare time). #SegWit and #Lightening and confidential transactions all coming to #Freicoin.
Freiexchange.com
Freicoin, created in 2012, was the crypto currency designed to discourage speculation and reduce the influence money can have on the economy...!!!
Current situation, more info here:
https://steemit.com/freicoin/@freeskaro/something-interesting-is-happening-in-the-little-corner-of-the-crypto-world-that-is-freicoin
BlockStream founders are now back on their original Freicoin project (in their spare time). #SegWit and #Lightening and confidential transactions all coming to #Freicoin.
Freiexchange.com
Freicoin, created in 2012, was the crypto currency designed to discourage speculation and reduce the influence money can have on the economy...!!!
Current situation, more info here:
https://steemit.com/freicoin/@freeskaro/something-interesting-is-happening-in-the-little-corner-of-the-crypto-world-that-is-freicoin
November 02, 2017, 02:48:59 AM
is this coin still alive
November 01, 2017, 04:11:34 PM
Hi. I’m starting a list of the oldest cryptos. For now I’m maintaining the list on a bitcointalk thread but will eventually host a website. Hoping to add value to old coins by making the age rankings easy to look up.
Offering $20 in crypto bounty for additions/corrections. I want it to be accurate, but I’m sure I’ve made mistakes so could use your help please.
Thread with the list and details is here:
https://bitcointalksearch.org/topic/m.20120985
Offering $20 in crypto bounty for additions/corrections. I want it to be accurate, but I’m sure I’ve made mistakes so could use your help please.
Thread with the list and details is here:
https://bitcointalksearch.org/topic/m.20120985
October 27, 2017, 01:10:50 PM
August 09, 2017, 06:32:25 PM
August 09, 2017, 08:42:46 AM
Okay. Point me to some nodes, please.
August 08, 2017, 05:35:12 PM
(I take the liberty of making this unofficial announcement that Freicoin with its developers is back...)
Fast forward to 2017: the rebirth of Freicoin.
Over this last year, Bitcoin users have been paying on average (and this is a low estimate) of 175 BTC in fees per day. That’s about 4% per year. Also, mining rewards have increased the money supply by another 4% approximately. The crypt-currency trade exchanges are ripe with speculation. With this increasing use of Bitcoin and gross speculation around most crypto currencies, Freicoin’s demurrage and zero-inflation features are being more appreciated. Remember it’s a real-world solution that was used by FDR in Stamp Scrips and others.
This year, the Freicoin community members have created their own exchange and modified Abe (a database based program emulating an explorer) to account for the demurrage accounting.
Just recently, the developers have become more present in the Freicoin community, with both Jorge Timon and Mark Friedenbach announcing renewed commitments to the project. This commitment is in the old-school volunteer sort of way, so there are no ICOs etc. This commitment is about bringing the technology BlockStream invented into Freicoin, as well as features such as confidential assets from the Elements Project.
Also, the developers suggested ending the Foundation. Only about 5% of the Foundation funds were ever circulated and no basic income project was ever created. The Foundation just looked like a central bank ready to be robbed. The decision was made to end the Foundation. The community voted on how to do this. It was decided to honour its present commitments but destroy the remaining Foundation funds.
Freicoin is back. Ready, set, Go!
Fast forward to 2017: the rebirth of Freicoin.
Over this last year, Bitcoin users have been paying on average (and this is a low estimate) of 175 BTC in fees per day. That’s about 4% per year. Also, mining rewards have increased the money supply by another 4% approximately. The crypt-currency trade exchanges are ripe with speculation. With this increasing use of Bitcoin and gross speculation around most crypto currencies, Freicoin’s demurrage and zero-inflation features are being more appreciated. Remember it’s a real-world solution that was used by FDR in Stamp Scrips and others.
This year, the Freicoin community members have created their own exchange and modified Abe (a database based program emulating an explorer) to account for the demurrage accounting.
Just recently, the developers have become more present in the Freicoin community, with both Jorge Timon and Mark Friedenbach announcing renewed commitments to the project. This commitment is in the old-school volunteer sort of way, so there are no ICOs etc. This commitment is about bringing the technology BlockStream invented into Freicoin, as well as features such as confidential assets from the Elements Project.
Also, the developers suggested ending the Foundation. Only about 5% of the Foundation funds were ever circulated and no basic income project was ever created. The Foundation just looked like a central bank ready to be robbed. The decision was made to end the Foundation. The community voted on how to do this. It was decided to honour its present commitments but destroy the remaining Foundation funds.
Freicoin is back. Ready, set, Go!
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