More coins for all!
Topic: FreiCoin (FRC) Fork WITHOUT 80% Of Coins Given To FreiCoin Foundation - page 5. (Read 20811 times)
January 04, 2013, 03:16:49 AM
Start your miners guys. You will get much more FRC than if you mine Maaku's version.
More coins for all!
More coins for all!
January 04, 2013, 03:11:13 AM
Annnnnnd its outs the park! lmfao
January 04, 2013, 03:09:03 AM
LOL make your own coin and screw the original devs.
Yes, screw the devs out of their 80% that they are "entitled" to... so they can pump'n'dump!Bitcoin is an open source project. If the creator of 7 ZIP decided to add a secret backdoor so he can decrypt everyone's encrypted files, then there's going to be a new fork without that feature. If there's any flaws that the dev won't fix, fork it.
The whole point of *coin is that you vote with your hashing power. That's what Satoshi envisioned, and this fork is exactly in that direction and will be the first real world example in the cryptocurrency world.
January 04, 2013, 03:06:15 AM
LOL make your own coin and screw the original devs.
January 04, 2013, 02:45:01 AM
Did you know that 80% of new coins are given to the FreiCoin Foundation. Yes, really. That's basically taxation. Foundation, Central FreiCoin Reserve. Developer's personal wallet. Whatever you call it, it means one thing - your coins are going to hard coded addresses. Pump'n'dump (foundation sells their 80%, crashing price to zero and making a nice profit for the devs) are highly possible. Don't forget about how the project wasn't promoted in the first few days to give the insiders extra time to mine their own coins.
Freicoin foundation member:
Cryptocurrencies are open because we vote with our hashing power. So why are you voting for 80% of coins YOU should be getting going to the foundation? Vote with your hashing power - the way satoshi envisioned it in his white paper - and join this fork today.
FORK:
https://github.com/gladoscc/freicoin
It will simply accept blocks WITHOUT the 80% "tax". All of blocks generated will be accepted by the FreiCoin network. Soon, this network will replace the one running the Foundation backdoor.
What to do
I'm a user > Download and make this. Remove existing Freicoin. Your existing wallets and blockchain will work seamlessly. Feel happy that you're protecting the network.
I'm a pool operator > Download and replace the existing Freicoin with this. Once 51% of hashpower uses this code, this fork will be updated to stop paying the 80% tax and giving it to miners.
I'm a developer > Work on this fork - even fork it if you'd like. Unlike the Foundation version, you're not going to get proceeds from the forced tax, but that's open development.
When a significant amount of people have migrated to this fork, it will be changed so that it will generate blocks without the forced budget to hard coded addresses. It will also be kept up to date with each release of Freicoin.
FAQ
Q. If I run this fork will there be any advantages to me?
A. Yes, by running this fork you will ensure that we will be able to move to no 80% tax as soon as possible. This helps us protect against a Pump'n'Dump by the invisible freicoin foundation, and means that you (the miner) will get 5x mining profits until a certain block number.
Q. If I run this fork will there be any disadvantages to me?
A. Nope. All of your shares, blocks, etc will be accepted.
Q. If I run this fork will there be any advantages to Freicoin?
A. Yes! It will allow us to migrate to a safer network without pump'n'dump by the FreiCoin foundation, and forced taxation. It is planned to reject all transactions coming from the built in tax collection addresses.
Q. Is this going to work?
A. Of course! Miners and pools will see that they will make more and protect FreiCoin. This is going to be a historical moment in alt currencies
Q. Have you embedded your own addresses into it?
A. It's open source. You can check for yourself!
Q. Can I work on this fork?
A. Feel free to! Just submit a pull request and it will be discussed.
Q. How much is mining going to be more profitable?
A. 5 times! Yes, that's right. And it's not going to create any more coins!
Pools, switch to this fork today There's no reason why not to, as there are no downsides.
Freicoin foundation member:
Quote
Total coins in miner's hands are only around 2 million
yet there has being over 10 MILLION Freicoins created. Make no mistake - if you are not a foundation member, you are the 99% and they are the 1%.Cryptocurrencies are open because we vote with our hashing power. So why are you voting for 80% of coins YOU should be getting going to the foundation? Vote with your hashing power - the way satoshi envisioned it in his white paper - and join this fork today.
FORK:
https://github.com/gladoscc/freicoin
It will simply accept blocks WITHOUT the 80% "tax". All of blocks generated will be accepted by the FreiCoin network. Soon, this network will replace the one running the Foundation backdoor.
What to do
I'm a user > Download and make this. Remove existing Freicoin. Your existing wallets and blockchain will work seamlessly. Feel happy that you're protecting the network.
I'm a pool operator > Download and replace the existing Freicoin with this. Once 51% of hashpower uses this code, this fork will be updated to stop paying the 80% tax and giving it to miners.
I'm a developer > Work on this fork - even fork it if you'd like. Unlike the Foundation version, you're not going to get proceeds from the forced tax, but that's open development.
When a significant amount of people have migrated to this fork, it will be changed so that it will generate blocks without the forced budget to hard coded addresses. It will also be kept up to date with each release of Freicoin.
FAQ
Q. If I run this fork will there be any advantages to me?
A. Yes, by running this fork you will ensure that we will be able to move to no 80% tax as soon as possible. This helps us protect against a Pump'n'Dump by the invisible freicoin foundation, and means that you (the miner) will get 5x mining profits until a certain block number.
Q. If I run this fork will there be any disadvantages to me?
A. Nope. All of your shares, blocks, etc will be accepted.
Q. If I run this fork will there be any advantages to Freicoin?
A. Yes! It will allow us to migrate to a safer network without pump'n'dump by the FreiCoin foundation, and forced taxation. It is planned to reject all transactions coming from the built in tax collection addresses.
Q. Is this going to work?
A. Of course! Miners and pools will see that they will make more and protect FreiCoin. This is going to be a historical moment in alt currencies
Q. Have you embedded your own addresses into it?
A. It's open source. You can check for yourself!
Q. Can I work on this fork?
A. Feel free to! Just submit a pull request and it will be discussed.
Q. How much is mining going to be more profitable?
A. 5 times! Yes, that's right. And it's not going to create any more coins!
Pools, switch to this fork today
There's no reason why not to, as there are no downsides. Jump to: