Kim-Koin is a much more likely scenario. If you know any tiny bit of this guy's history you will know what I am saying.

Good job, Bushstar. I love seeing what data mining can be done on Freicoin.

This is a unique time in Bitcoin's history. I don't imagine this will be repeated again. I think you lack perspective in not realizing that these products would have not been created without the pre-orders. It simply was not possible. In the future you would be a fool to preorder. Most understand that this process was a gamble. Some will win and some will lose.

This is the MPEx Exchange address (1Fx3N5iFPDQxUKhhmDJqCMmi3U8Y7gSncx). So is this betting with customers exchange funds, or the bookkeeper betting against his own customers (Mircea Popescu partially owns BitBet)?

I don't understand. Are you trying to claim that PPCoin had a more fair initial distribution? I disagree with that statement. If you would like to dissect it we can do it in a new thread. Specifically, you chose the block reward as the inverse of the difficulty. If you think Freicoin is "unfair" to miners, why does PPCoin pay miners less to do more work?

Hmm.. I think you may be thinking of the Fleur-de-lis?

I also like the ⌠ for historical/symbolic reasons. Maybe if you knew the reason you would understand more of what I am thinking here.



http://en.wikipedia.org/wiki/Integral_symbol

This is the traditional fasces. I don't see how it resembles it?



Anyways, the fasces isn't evil. It's a roman symbol to represent "strength through unity." Its a heraldic charge used by many small towns in Europe.

You probably already know this, but there are two fasces prominently flanking the rostrum of the United States House of Representatives, where the Speaker of the House sits.

Nobody likes my idea to have a scientific notation built into the way we write the coin?   I thought it was a great idea. Especially for talking about microeconomics (big numbers) and for microtransactions (small numbers)






Maybe we can use the symbol for a dutch guilder?  5ƒ  = five freicoin

I like the ⌠ because its simpler.

It's not about greifing. Its a consequence of control theory. The gain of the controller must be limited or the system may overshoot or become instable.

It took about 2 days for 8000 blocks, but thats just how the difficulty adjustment in Bitcoin is designed. We would have gotten to 8000 even faster if the network had more hashing power, believe it or not.

The bitcoin difficulty algorithm is a tough subject to understand and I won't fault you for misunderstanding. What you're seeing is a consequence of the design of Bitcoin. Its not anything nefarious. Sorry.

The price of PPCoin has fallen by about 10% in the last few days. I don't know that you lost that much. 4.66125 BTC for your PPCoin and 2 BTC makes 6.7 BTC.

So you lost .3 BTC but instead you're sitting in the much more liquid BTC.

If you were looking to get out of risk (altcoins) I think you are a good trader to make so many transactions in a short time and only lose 0.3 BTC.

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.

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.  

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.

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.

I'll keep using it and see if it catches on.

How much BTC did you make from your Freicoin liquidation, if you don't mind sharing?