Would anybody be interested in buying a Logitech G25 for Freicoin?

If you've ever considered playing a racing simulator and are mining Freicoin this may be your cheapest way to get one.

This is kind of different as far as computer hardware goes. http://www.youtube.com/watch?v=My-stwgRI50

It saved my life when I lived in a very rural place. Perhaps you also need the routine of driving in circles looking for fractions of a second.

27,000 FRC with shipping, but you'll have to be patient with me. It's heavy and big.

More blocks need to be solved before we will have real data on this. It's still greater than 40GH/s, guaranteed, not counting pools I don't know about and solo miners.

The hashrate calculator on abe is probably built on a constant difficulty assumption. PPcoin changes all the time so I'd imagine the hashrate for it, and any of the altchains that don't use Bitcoin's proof of work system, are wildly inaccurate estimates. Its probably just noise.

I didn't make this connection until now.   Haha! Keep mining Freicoin you can keep all the coins you mine (except those lost to demurrage).  

DPony13, Thanks for sharing your opinion on Freicoin.

I think you may have a misconception.

You lose 5% per year. Not per transaction.

Thanks again!

A new system of accounting was popularized in response to new risks and crisis which appeared in the 15 Century, an era dominated by the Venetian trade empire.

As we are faced by new risks and crisis our goal is to promote the use of cryptocurrency. We want to do this in appropriate places to help the global economy overcome all obstacles.

I think Freicoin is the best vehicle to do that.

How about you?

One of the reasons is related to our mascot, the arctic tern.

The world most people are looking for and the world of the tern are nearly the same. A soaring bird, like the tern, is only seconds away from a collision with the ground. The bird must respect and obey the natural laws or suffer the worst consequences.  Yet, its able to use its brain to stay aloft for hours. In contrast, man's laws are regularly abused by corruption, intimidation, and celebrity. Punishment has become increasingly avoidable, especially in finance. Most people agree this is a net negative for humanity.

What maaku and jtimon have done is come up with a method for making the system of finance behave more naturally. This is very much in the interest of "fairness." Everything decays; so should our money.

Freicoin is a lot like flying through the air. You must either spend energy and flap your wings, or be smart and find rising air to soar if you want to stay up. To those who argue that 5% demurrage may be the wrong value -- gravity on the surface of the earth is a constant -- does that make flight and crashing impossible?

Just tried out your service. My store receipt and the time it got onto the block chain differed by 14 seconds. Can I get a refund?   Just kidding.

Great service, Charlie. What ya'll are doing here is no less than amazing.

Ok. Now you're just trying to be funny, or mean.  Sorry you don't like the Freicoin.

That's a pretty harsh indictment ckolivas. Why do you not like luke-jr so much?

You seem pretty jaded here by past failures in the Bitcoin economy. Running off with all the Freicoin to buy private armies and high security houses? We're trying to be above the board, not be the next pirateat40. Everything we do will be disclosed and corroborate with what is observed in the blockchain. Maybe you will believe it later when the grants process actually starts.

If you don't want cryptocurrency to remain the realm of "gold-bug nerds" then you should at least recognize that something like the Freicoin will eventually have to happen.

Economics exists to solve a resource allocation problem. Because someone has an extraordinary amount of currency, does that necessarily mean they should have an insurmountable advantage over people who have better ideas of how to use some resources? Of course not. Thats a pretty perverted consequence of the "fiat" system, and the system that Bitcoin promotes. We didn't want this in our currency, so we tried to design it out. That is the entire point of the demurrage.

Exactly. This is the most adult rejection of the Freicoin I have read yet and I'm perfectly okay with it.

The audience for freicoin and the audience for bitcoin are completely different. We serve different markets which shares very little in common.

You may see that as a problem but there's nothing I can do to convince you otherwise.

But in Bitcoin, the mining subsidy is called that for a reason. Bitcoin is a very "political" coin, as well, if you consider the behavior of Freicoin to be political. These are all design decisions meant to encourage or discourage specific behavior. We'd like to encourage behavior that most people outside of this community would consider to be more fair.

I feel the freicoin website spells that out pretty well. Do you see that as a problem, or just different than bitcoin?

The biggest advantage of spending FRC is that you have peace of mind. You know that you won't have lost out or treated your trading partner unfairly due to wild swings in value, because the coins are continuously being recirculated. Congrats on being one of the first people to realize this and take a trade to completion.

You missed a point. 



68GH/s!!

Demurrage is calculated based on block height, so it won't work. The demurrage isn't technically applied until you try to make a transaction.

I made another graph to celebrate breaking past 50GH/s. Additionally, the difficulty has increased and is now 4096. We now have more hashes/second than any other SHA256 coin (TRC, PPC, etc), besides Bitcoin. The growth in computing power supporting the Freicoin is exceeding all of my expectations.

I'd like to point out there isn't an orderbook exchange for Freicoin. You cannot "buy" Freicoin because there's nowhere to buy it. Saying "this is a good time (probably the best time) to pick up cheap coins" only refers to people mining the Freicoin, because compared to Bitcoin mining the Freicoin is still super cheap. The difficulty of Bitcoin is 3000 times where Freicoin is currently.


If you haven't noticed we aren't actively promoting this on the Bitcoin forums. We didn't even make a thread here because we prefer to use our own forum and IRC. I'd rather communicate with people that understand what we're trying to do. We're not marketers/advertisers, and we were not optimizing our behavior to maximize your perception of value. All of our decisions have a singular focus, which is getting the coins into as a diverse set of hands as possible.