Bitcoin Forum

I know this has probably been hashed over quite a bit in your own forums, but I have a feeling that at the FRC forums most members were probably all of the same mind and perhaps didn't question as vigorously some of your initial premises.

My big question is, why take any coins for the "foundation"? We all know "Power Corrupts, absolute power corrupts absolutely" so why set yourself up like that? There is no way you can honestly stay open/true/transparent/fair/just forever. It would be arrogance on an greek tragedy scale to assume the foundation will ever be able to measure up to it's own values.

I mean, be honest- the 'users' don't know you. We don't know who you are, where you live, what you do, what you look like. You're not Mother Theresa or some other living/dead saint. How on earth can you expect for users to trust your word? If FRC had been Bitcoin you would be sitting on ±8 million BTC or 80 million Euros by now. You promise to distribute "transparently", but for the number of FRC supporters here with post counts under 30 i can't help but feel that transparently might not mean 'honestly'.

Bitcoin works because no one controls it with anything other then their hash power. It's the most 'transparent' decision making process possible. Fairness is relative so yeah, you could say it's not so fair. But it is guaranteed that there isn't a secret committee in control of some vast wealth.

Hard wiring the foundation to posses 80% of the coins just can not work. Even if FRC managed to build a following, no one will ever sleep at night knowing that  at any moment a "transparent" process could sell the entire user base out.

Not to mention if someone nefariously gets control of the private keys of that 80%, then what? Greatest hack of all time?

freicoin seems like realsolids dreamcoin

I just think it's waste of electricity & hashing hardware. Because it's like a centralized currency distribution, why don't they just create a centralized digital currency at all instead of wasting the miners hash-power?

Marketing.  If the FRC team said:



How many takers do you think they would have?  None right.  Thus their hoard would be nothing ($0 * x = $0.00).  By giving miners a token amount they burn up electricity, time, resources and it makes the currency seem more real.  The funny thing is the miners are in direct competition for the scraps while the bulk of the coin supply is just handed to the "foundation" (= some buys).   Even CoinHunter wasn't that ambitious.  He got tore to shreads for having a x% tax going to his personal wallet (which he also tried to give a lofty name "the coin protection fund").  The marketing gives the perception of value.  Suddenly that 80% hoard is worth (as long as they can find suckers to unload them) a lot more.  

Very clever marketing.   Essentially it is solidcoin garbage all over again except this time they have the marketing down.

Then don't use Freicoin.

Even one of the devs doesn't want you rabbit. lol
Then let's wait the blockchain die.

So what your plans to put value into the currency?

You selling products? setting up service websites? creating applications for merchants to include FRC in their existing website? or u looking for other developers to do this and then u set up rewards and bounties? if so what are your desired projects you want to see?

Very interested to hear your proposals for the 80% coins in the dev pot... tell us some initial thoughts and maybe people will get off ur backs... otherwise yeah does seem like a disguised premine...

Yes - except for the part that mentions me specifically. The plan is for the Foundation funds to help facilitate the creation of a sustainable freicoin economy by either helping directly create a marketplace priced in freicoin (bounty/prize grants, subsidies), or providing freicoins to charitable organizations which would buy from that marketplace, thereby helping bootstrap industries.

Is that a little vague? Yes. Because I won't be the one doing it - the Foundation will, and I am not the Foundation. Once the Foundation is set up the private keys will be handed over and the people running the Foundation will handle disbursement.

It's not going to be my proposals that get selected, but yours. Have an idea that has communal value and helps bootstrap the Freicoin economy? Write it up as a proposal.

Shitcoins already have Foundations? WOW  ::)

It's not that easy. If the community decides that doing something like the freicoin devs do is not allowed and backs it up with hashing power there is nothing anybody can do about it.
Added to that there are many people here who are interested in concepts like demurrage and it is quite a disappointment that something gets crippled like that by a small minorities lust for power.




Some food for your thought:
If you really wanna live in the dreamy new world of cryptoanarchism you better learn to obey the laws.
You should know by now that creating a bitcoin fork while trying to be a smartass is against it.

We have not only the realm of alternate cryptocurrencies to protect but also the attribution of bitcoin to decentralization.

Just to pop in and give my .02 cents:

It's Solidcoins all over again- with the noted addition of witting/unwitting sockpuppets in the tow.

(PS: I remember warning this when Solidcoins v1,2,... just came out.)

Wow so much of what Maaku is saying here reminds me of RealSolid.

LOL  ;D ;D ;D

why are only 80% of coins going to the foundation? Common guys, foundation deserves much more than that after all the work they've done.  ;D

FREIcoin hmmn sounds very German (Deutsch), they dont know what freedom is look at 1940-1945.
Just another shitcoin, poopcoin, crapcoin, scamcoin.

Good point.

Why couldn't it be 99.999% instead of 80%?

Because we want some coins to enter the system bottom-up as well, and mining subsidy is currently the best way to do that.

As high as 80% of the total supply, why not just make it higher? 99.99% is better than 80%...using your logic. lol

This is ridiculous, if you want to make use of the miners, please pay a reasonable price according to the current BTC/LTC/etc. mining cost. For example, establish an exchange website and buy/sell your FRC at a reasonable price (in BTC/USD/LTC, as your choice) to distribute your centralized currency or buy/accumulate your FRC from the miners! This is a fair/reasonable way for your purpose, otherwise, it's definitely doom to failure.

+1

Maaku,

Would you give up 80% of your wages to a stranger?

No? Then don't expect miners to give you 80% of their earnings when they could mine something else and keep 100%.


Your message that miners should trust some faceless, and inevitably corrupt, foundation with their earnings more than they should trust themselves is delusional. You have fallen to uncontrolled greed.

+1

The BTC/LTC model is not 'reasonable' it is simply 'normal', non-miners find it highly UN-reasonable.  Also it is not a 'price' it is a percentage of something that has a completely indeterminate and variable value (a price would be paying per GH), as mining is a self correcting business in which hash rate competition always drives the miners profits down to near zero anyways the result is that any percentage can be just as profitable for miners, by giving less then 100% to miners Freicoin is simply 'buying' less hashing power then earlier coins.

ok then who is Freicoin?

If you calling it whoever is to be supplied by the "Foundation" you fail. At the moment it doesn't even exist and we have not seen any suggestion on how the distribution will be facilitated.
The whole concept fails at one key point: Justification of Authority.


Even if the motives are totally noble like you claim, eventually it will succumb to corruption and yield exactly the problems we currently have in politics and finance:
"Friends" looking out for each other, sitting on the key resources and dominating the masses.
But most likely Freicoin will not even get this far if it isn't overtaken by more sane individuals which force out the 80% tax it will die out in irrelevance like any other coin which was created with unjustified distribution of wealth.

You ask: How much of unjustified distribution is acceptable?
My answer: 0%

This will happen from the demurrage. No force is required. The influence of the Foundation is designed to wane.

Every single coin where the creators reserved a substantial part of the currency for themselves died before it became relevant.
This is no different.

Uhm, the demurrage works, Electricmucus. I can say that with absolute certainty that all of my coins are slowly destroying themselves :P you can watch it tick down inside the client every time a block comes in. You have to look down quite a few decimal points, however.

You are trying to distract from the key points here, I already explained that the portion of wealth to be distributed by the foundation would remain relevant for a very long time. Much longer than the time attributed by the 3 year period. As a rule of thumb since 5% annual demurrage yields a 15 year half life the amount would still be roughly 40% by then. Even after 100 years that would still be roughly 0.6%.

I understand what you're saying if the Foundation was going to hold onto the coins that long, but by 15 years the coins should have hopefully circulated so much that your concern is not so big? Do you disagree?

"hopefully" lol

It is my opinion that those coins being circulated isn't justifiable in the first place.
And no, if you observe crony capitalism the wealth tends to be constricted to the core group for extended periods.

Even worse in contrast to other approaches you actually endorse the building of cronyism since any individual willing joining the foundation would be interested in a system where wealth is distributed in this fashion.


 :D

"Sorry you don't like the Freicoin."

I do please send me 100,000 FRC to 16LRPJraqhGHuiyScwDhogbn7yRMcqVi1j

signed the above line:
H9FmgZ04gW2bs37srVO1ueKIyGqEgIKVfxCYdTwNpprxtJeU7mrLEQ+uv2UC1ZJDsflpiBU2p2q/VHhlKR5gITg=

It would be best to distribute those 7mil coins they got between the miners and destroy the 80%
Then people will come back to this coin.

"I do like the Freicoin." - ElectricMucus

I'll print that out and carry it in my pocket. It will give me strength.

Perhaps MAAKU should make a FRC faucet that distributes 10,000 FRC at a time. That would give better distribution than the model he is using. lol

But only if you do it on Fridays.

And you have to eat at least one hot dog afterwards and acknowledge myself as a discordian pope.

Those coins were never the miner's to begin with. Why do you feel entitled to them?

Who do they "belong" to?

Look I can create 1 billion smoothie coins look...

1,000,000,000 smoothie coins

They don't necessary belong to me if I want others to use them.

I love the idea of Freicoin, and I don't hate the whole idea of a tax, as long as it is taxation with representation.  

Taxes are percentages of someones income, a business profits, or a percentage of a sale.  Foundation funds come from non of these sources and are not a Tax, what FRC has is a 20% royalty payed to miners initially vs 100% royalty as other coins have had.  As much as you may not like a lower royalty, that dose not make it a tax as tax is not simply a 4 letter word for 'money I am not getting'.

We are still looking for constructive input on the creation of bylaws for the foundation which will specify exactly how and how NOT to distribute funds.  We are willing put put the foundation under binding legal obligations because we have good intent and high minded ideals and are intent on showing it in both word and deed.  Come to our forums and contribute to that effort rather then just flaming us here.  If your right that were doomed to be corrupted at least you can say you did everything in your power to prevent it, on the other hand if we live up to high standards that will be a great step forward for distribution of crypto-currency and we will have set a high bar by which to measure others in the future.

Don't get me wrong, I'm not flaming you.   I hope Freicoin succeeds.  

Medieval landlords didn't even take taxes either, the peasants weren't entitled to what they got too.


Make TradeFortresses fork the official client.


There is nothing to debate here actually. If it aint be done freicoin in it's current form will be dead in 3 months.
I'll be back to tell you "I told you so."

Ok yes Nolo your not flaming, more just criticizing, other people are flaming or borderline trolling us.  Still please do try to turn the criticism to a constructive end by articulating what kind of rules you want to govern distribution of FRC cause the die is already cast on those coins being segregated so anyone who wants FRC to succeed De-facto wants the foundation to succeed.

No, I want freicoin to succeed, the foundation wasn't part of it when it was announced. And I really don't like the foundation.
I am not a minority here, at least on the latter.

+1.
Freicoin and its demurrage feature? Interesting and new.
Foundation controlling the coins, where a bad decision by the devs can wreck the economy? Solidcoin.
Human greed is a dangerous issue.

Mucus you clearly don't want fund to be seized by insiders aka 'crony capitalists' and have said so several times, that's our goal too, thus you want us to succeed at our goal (thx for the support  ;)).  The only problem is you don't believe that is our real goal as you have in your mind convicted us already.  Given that how dose making constructive suggestions for bylaws make the situation worse?

Anyone who has been involved in our forum discussions knows that we felt the distribution system of BTC was just as flawed as the indestructibility of BTC.  We has said our inspiration was the Worgl and other similar currencies like the Chiemgauer that operates today, these and other community currencies are issued far more equitably then present mining rigs could hope to achieve.  If this came as a shock to you then it's because you haven't been reading our development forums.

OMG, maaku, if miners work to mine(CREATE) them, they are theirs.

Offtopic: PPcoins grow out of nowhere :)

Seems to me a lot of disinformation about the FFoundation is being flung around. If you actually go to forums and see what is being proposed you might be slightly more persuaded by the reasoning for a FFoundation that can equitably and democratically dispense the trust. Simply stating the obvious limitations or dangers is something that has already been done in the forum on this topic. The core concept is ensure that the currency is able to create movement so it is used not sat on by those who wish to accumulate wealth and stagnate the currency. If you are actually interested in having a truly free currency then a system where we all have a voice in how that trust is distributed is best. Have a look at the thread and offer some input. Simply stating it won't work or people will pocket the coins etc is known already... how about working out how we need to distribute the coins in fashion that is ultimately in the interest of the WHOLE community rather than one segment? http://www.freicoin.org/freicoin-foundation-development-thread-t81.html#p767
 
What I see from these posts against a foundation is more of knee-jerk reaction rather than any concerted effort to understand the underpinnings of having the currency actually circulate and be used as a currency should. I hope people have actually made some effort to understand the why Freicoin is setup the way it is rather than simply dismissing it out of hand. I for one consider the ideas offered compelling and the experiment should move forward as planed considering the historical significance of previous efforts of this nature. If done well the FFoundation would be a model for democratic reform especially in terms of currency and economics and possibly politically as well. The ideal would be that we can circumvent the obvious pitfalls of Bitcoin and pushing cryptocurrencies forward rather than stagnate. You can actually make history rather than suppress it with such conservative and frankly narrow opinions. If you get involved you can be part of a real change in how we use money. I think it is well worth the experiment. If you don't like the premise don't mine it or trade it seems simple enough but I think giving it a shot is a much more progressive approach don't you?

It was posted in several place prior to it being launched as has been indicated many times already.

If I mine coins I see them as mine. They were created with my equipment, my electricity, my time. If you plan to steal them before they are even created I'm going to avoid you like I'd avoid any other thief. No miner will gave away what he could otherwise keep no matter how pretty your reassurances are.

But you are blinded by greed and can no longer see anything but dollar signs. Look at this from the miners viewpoint.

Greed? I don't have mining rig... I am not part of the dev team or a FFoundation member. You are limiting the scope of what is possible. If you mine it you are accepting the 80% and the 5% and if you don't mine it you accept the 80% and 5% and if you trade it you accept the 80% and 5%. So now that we have settled that how about actually taking a leap of faith and get involved in DEMOCRATICALLY dispensing the trust? Rather than having a small foundation board decide why not the whole community? Isn't having an 80% stake initially of the currency for all better than a fraction of that in a few hands? I think you want to be a 1% and hold as many coins as you can compared with the alternative is having a currency that actually is useful and used for trade not accumulation of wealth. Very very limited view you have and ultimately very UN-democratic of you. Basically you want to screw over the users of the currency so you can mine and get rich... well Freicoin is not that kind of currency.

The intent is there all you need to do now is get involved and ENSURE that the 80% is dispensed democratically. You are debating changing the Freicoin into something that it is not and that debate is over. It was over months and months and months ago. Move forward and find the best way possible to dispense the trust. What is so difficult about that concept? Furthering DEMOCRACY in currency not something that interests you? You would rather have a few pools of miners control it all right from day one and there would be little hope of reversing that. Look at Bitcoin now. Look at it very carefully. Freicoin is offering everyone a freedom to be part of the FFoundation and offer your suggestions. Much much more democratic.

You are the one being blinded with greed... you want cryptocurrencies to be a way for you and your ilk to get rich at the expense of the currency community as a whole. Sad that you have no vision of the future of humanity, let alone the Freicoin.

You have a fundamental misunderstanding here.

Miners are paid for confirming the transactions with a subsidy, they don't exert any more work to generate coins for themselves AND the Foundation vs. just for themselves. There is no ironclad rule that generation all has to go to miners, or that miners are entitled to 100% of all coins created by their efforts. If the creation of 750 coins was 3 times more intensive than generating 250 coins you might have a point, but in this case you are conflating a reward for work with the work itself.

This is a rule/parameter/behavior of Bitcoin, not something that must be true of all p2p mined PoW cryptocoins.

By the same logic I would have a right to get upset that the block reward fluctuates on PPCoin, or any number of other unreasonable complaints. But I looked up the rules to the PPCoin game, and decided I liked them well enough to play. If I missed something (like I did when I initially thought PPC would be deflationary) then that was my own fault.

Where as you would distribute my work amongst a wide community to enrich all instead of me selfishly keeping it. That sounds nice for the community but it totally removes my incentive to mine and makes the whole community poorer because of it. Your shadowy foundation can have 80% of the zero I'm mining.

What you are attempting to implement is communism not democracy. Communism is a beautiful idea but it has never worked in practice. To quote an evil old dragon 'The trouble with socialism is that eventually you run out of other people's money.'

I second this notion.
1+2 are probably overkill but you are trying to be innovative aren't you?   ;)

This ^

Can I see the discussion where it was decided 80% would go to a foundation ?

80% seems like the dumbest ratio, I would find anything above 10% to be stupid and greedy.

Is this 80% expected to stay forever ? is so, this has to be the worst idea for a crypto currency yet.

No. It eventually decreases to zero.

After that? What miners will get? Will that be after halving or something? (if there is halving)
When will this happen, and what guarantees me that you will not sell everything and abandon frc?
Maybe even now you could "sell frc" as i see always threads popping up "wts 10k frc" etc etc..

With the current rate 7mil frc(which you own) are at about 2240.0btc (if my calculation was correct)
Since you are so greedy to put a "tax" like that, what says to me that you will not start selling them and run away?
Its what I contributed to be mined, thats why i ask

and i cannot forget this from maaku:
Those coins were never the miner's to begin with. Why do you feel entitled to them?

The miners get the foundations funds at a rate of 5% per year. The miners will eventually have all of the foundations funds. There is no halving, the miners will always get the 5%.

Wait a sec, that is good, if noone ever touches the "foundation" funds. If i understood that right, the foundation demuraged funds are back for mining, right? (no? duh, explain)
Then there shouldnt be any foundation at the first place, and miners should get the same amount (this 5%(dunno if its even close to 50 frc/block)
Then all those threads wouldnt exist and everybody would be happy with our new coin lol

You do know it is 5% per year right?  So the 80M FRC the foundation has (or will have) will still be ~62M FRC in 5 years, 48M FRC in 10 years.  Yes slowly all funds will be converted via demurage into miner rewards but this isn't something special with the foundation, it applies to all FRC coins held by all wallets, all the time.

You are forgetting the point of the foundation, to get rid of it's funds. The bylaws are being created right now, go help and suggest that all coins must be disbursed to end users within 5 years.

Also, the math for 5%/year as a miner subsidy is dead easy at steady state. 100M coins at 5% demurrage (acutally 4.89%) is 4.89 million coins per year, or about 93 coins per block.

Which requires absolute implicit trust = fail IMHO.  If I trusted the FED to do the right thing I wouldn't need cryptocurrency.  If I trusted PayPal, or eGold I wouldn't need Bitcoin.  A decentralized "solution" which requires implicit trust in a central authority is of dubious value.  You combine all the flaws of central authority with all the overhead of decentralizing the blockchain.

Still that is a little off point I was just clarifying that while all the coins will go to miners "eventually" the half life on that eventually is about 13.5 years.

This is becoming ridiculous, you freicoin sockpuppets avoid one simple question:

Why do you think that the foundation would distribute the coins fairly?
You claim that, but besides that there is no indication that this is going to be the case.
Every instance of centralized finance proves otherwise. Think the 50+ percent of btc in the hand of early adopters is bad? Think again, in freicoin it would be much worse.

People recieving the funds would be those who are friends of foundation members, and their friends and so on down the road. The issue is that this is unjustified.
now answer that!

I agree and im with you then only if you have a way to prove that noone ever touches them. Why not release the TF client as the original one? That way all problems solved, and you keep this 7mil you already have. Either way you should distribute those coins to the miners.. but its your decision.. (my address is in my sig lol)

We not gonna settle for that, anyway. This shit will be brought down one way or the other. And the ones responsible tared and feathered.
I'll be just like Realsolid and BitcoinExpress, can't wait.  :)

Still waiting for a response to my bold question above ^^

I'm starting to get the impression that you are very disturbed by what we are doing. Most replying are just curious, initally negative, or "hating." Thats totally understandable when dealing with a new technology.

But you concern me. Please don't read our threads if you feel this threatened by a computer program.

Why do you think that the foundation would distribute the coins fairly?

wait, are you part of the foundation?

based on the way you talk to people this coin will never work with or without the 80% as long as realsolid... i mean you are involved

Are you so clueless that you cannot answer a simple question?
Why do you think that the foundation would distribute the coins fairly?

I think you should ask "why do you think that the foundation would do something more helpful than some other investors/users or massive public"? If they don't do anything, in what hand they can get the fortune? God bless?  :D

Good question, hanzac.

I'd like to remind you that in the original Satoshi bitcoin client code the mining reward is called a "subsidy" for a very good reason. It is a political design decision to give the miners all of the coins and not an integral part of Bitcoin. As we've discovered, this design decision leads to an insular community of computer hobbyists with private supercomputers to be the only ones who value or use the coin. So, currently, the Bitcoin is not in the hands of users or the massive public, but instead its in the hands of speculators, gamblers, and miners.

To solve this problem we're going to try to allocate a large number of the initially mined coins to non-technical people who are productive in fields other than computers and electronics. These people exist and if cryptocurrencies are meant to succeed in the long run these types of people will need to be given something to encourage them to participate in the system. Eventually the gifted coins will slip from their fingers to be remined, just like any other Freicoins that will exists. I hope you understand and appreciate the design of Freicoin.

galambo won't answer me because he is scared that the answer will not involve sock-puppets.


It's not supposed to be fair, deal with it!
say it.

As you can see, hanzac, you can't be a real person in ElectricMucus's mind because you rephrased his bad question into being a fair one. Therefore, you must be me, right? Nobody else could possibly find ElectricMucus to be irritating or obnoxious, otherwise he would have a yellow ignore link. If he had a yellow ignore link it would indicate he is one of the most ignored people on the forum and we're wasting our time reading his messages. But ElectricMucus doesn't have a yellow ignore link.  ;)

Oh thats relieving.. I thought that the yellow ignore button indicates that the user had put me on ignore mode
I keep seeing it everywhere and i was sad  ;D

Sorry, I missed your post.

http://www.freicoin.org/demurrage-should-it-all-go-to-miners-t20.html
http://www.freicoin.org/issuing-the-full-base-at-launch-t58-20.html

It's been in discussion for over a year. I didn't like the idea at first and was a bit of a jerk about it, myself.



So I can understand where the forum is coming from in that respect.

Since then I've changed my mind. But I understand how negative emotions are the first thing that comes up when confronted with this idea. A little thinking about the network effects of giving the coins to people who didn't mine it changed my mind. This could be just what we need if we do it properly.

ElectricMucus


Unignore Never.
   

This user is currently ignored.

Now what was everyone saying just now?

You know people can have any number of accounts on these services you've named, right?
p2p identification is an unsolved problem (probably unsolvable), but if you solve it, please, let me know: I'm really interested. There's more use cases besides distributing the initial monetary base of a new currency.

Good ideas! You have to be careful it isn't spam though but I think agressively raising awareness of FRC is a good strategy and something which the other coins don't do so much.

FRC has a large loyal following and a foundation which in one sense puts it far ahead of the other alt coins - I just hope you guys get it right  8)

I can help with any of this (online marketing, promotions, press releases, web design etc) check my signature.

All pay is in BTC or LTC  ;)

I think that promoting a user base beyond the bitcoin community is very important so the message that goes out must be carefully crafted and it must help generate trust from the get go... doing as a mass promotion not really effective I think but this is a good idea and should be discussed on the Freicoin board as well. http://www.freicoin.org/project-development-f13.html

Demurrage is concept worth trying, why not give a pure demurrage version without the foundation? Why mix an unnecessary component ?

We think the currency has more chances to take off with the foundation than without it. Freicoin will be completely p2p in the long term, only the initial distribution isn't decentralized.
Why do we think that? Well, ask any community/local currencies advocate about bitcoin miners. Ask your grandmother what she thinks about GPGPU mining compared to giving grants to charity projects. Ask the permaculture community what they think about electricity expenses as a mean to "distribute the initial supply in a p2p fashion". It turns out that not everybody has strict p2p-ness from the beginning as a first priority.

I hope this helps.

To be honest, I feel like being educate and someone "know better than the uninformed" is "doing good to me" when you say things above. A feeling of "supervised democracy"

Well, sorry if my tone sounded arrogant to you or something. I want to stress that this is only for the initial issuing. You may think that more people will use it if it's issued in a 100% p2p fashion, but we disagree and want to find out if it's possible to distribute it in a less wasteful manner that is reasonable for the user base. My point is that many potential users don't precisely see mining as a legit way to issue the initial base. In that sense, we may be able to get people on board of the cryptocurrency ship that would otherwise be hesitant to use bitcoin. At least, this is our hope.

Many other complementary/alternative currencies have been issued through charities. We believe that this form of issuance will have more acceptance in the "complementary currencies movement", for example.

Ecologists usually see mining as wasteful in resources. While explaining them that it was necessary to maintain the network security, we realized that it wasn't necessary to issue the full base through mining. It was just Satoshi's design choice to make the issuance 100% p2p.

Other people argued that issuing it through miners was unfairly favorable to them and make the currency look like a ponzi scheme. While explaining that costs tend to equal expenditures and therefore profits tend to zero in the mining free market, we realized that this would be probably false for the initial inflationary period and/or the system as a whole would be "overpaying for security".

Finally, I think "we're giving away 80 millions" can be a useful and appealing sentence for charity organizations, free culture producers or just curious people that don't know anything about bitcoin or freicoin and may want to know more after reading that.

Of course, we may be wrong, but I definitely think that it is worth trying.
In less than 3 years we will know if this was a good idea or we should have just created a bitcoin with demurrage, giving all the issued coins to miners.

Did someone say Solidcoin?

I thought I felt a disturbance in the hash fabric of the universe!  :-*

Freicoin is the pushing forward.