FreiCoin (FRC) discussion (was FreiCoin (FRC) for TRC, PPC, LTC or BTC) - page 22.

Blazr

hero member

Activity: 882

Merit: 1006

Quote from: crazyearner on December 23, 2012, 04:11:01 AM

literally lol firecoin wtf are them never heard of them untill you mention them just now.

looked on other exchanges same thing no word of them nor sight of them.

Its FreiCoin

http://www.freicoin.org/

FuzzyBear

legendary

Activity: 1420

Merit: 1010

where u get these from?? got a link to the client / daemon? and whitepaper, pools etc?

crazyearner

legendary

Activity: 1820

Merit: 1001

literally lol firecoin wtf are them never heard of them untill you mention them just now.

looked on other exchanges same thing no word of them nor sight of them.

scrybe

sr. member

Activity: 350

Merit: 250

~~I have 1000 FRC available in trade for TRC, BTC, LTC or BTC. Make an offer.~~

~~They are going fast! (literally)~~

(edit: currently awaiting restocking, if you want to sell FRC please PM me.)

In light of the lack of another FRC thread, this one can continue as a discussion vehicle.

Please try to keep on topic, avoid the same old flame wars, and wherever possible provide links and quote important information.

Quote from: scrybe on December 23, 2012, 04:33:25 AM

Quote from: FuzzyBear on December 23, 2012, 04:12:08 AM

where u get these from?? got a link to the client / daemon? and whitepaper, pools etc?

website: http://freico.in/
Forums: www.freicoin.org
Github: https://github.com/freicoin/freicoin

The forums are a mess, I'm still trying to sort it out, here's a quick dump.

It was referenced in a "lost bitcoins" conversation recently, so I grabbed the client (released on 12-21-12) and started solo mining.

Quote from: galambo on December 18, 2012, 08:41:16 AM

FIRSTLY Freicoin is not released, it will be released on 21-DEC-2012. Please click this link for real information on the coin.

I'm still looking for more information ~~such as the coin limit (if any)~~ (21 million I think) but I know this much...

It's been in the works a while:
Original project announcement thread:
https://bitcointalksearch.org/topic/freicoin-bitcoin-with-demurrage-3816

Article from June
http://www.newscientist.com/blogs/onepercent/2012/06/freicoin-occupys-online-curren.html

Failed Indiegogo pitch:
http://www.indiegogo.com/freicoin

Beta started this fall, and the chain was reset on 12-21-12 for production.

It's an odd critter. It's a demurrage based currency where your coins are constantly losing 4%/year which is paid to miners as a subsidy. It's brainchild came out of the 99% movement so it's aimed at disincentivising hoarding and lowering interest rates. I don't quite get how this could work with other currencies in existence, but the slow 4% seep rate may not matter too much in the end. It may just be like bitcoin but with skewed interest rates and less desire to hold.

Topic: FreiCoin (FRC) discussion (was FreiCoin (FRC) for TRC, PPC, LTC or BTC) - page 22. (Read 42655 times)