FreiCoin (FRC) discussion (was FreiCoin (FRC) for TRC, PPC, LTC or BTC)

[Bendur]

Who is the dev or dev team behind freicoin? I haven't really heard much about this one before.

[1714993806]

1714993806

[1714993806]

1714993806

[1714993806]

1714993806

[maaku]

I'm the primary developer. @jtimon originated the idea and has been involved since the start. There's a few other people who have contributed code, and they're mentioned in the "About" dialog of the client.

[Sunny King]

Who is the dev or dev team behind freicoin? I haven't really heard much about this one before.

Looks like maaku did most of the coding work and jtimon is an expert on its economic theory.

I am not a big fan of the idea of demurage but happy to see the work done and being validated on the market. That's always my thinking that you don't have to convince me in theory, you can let the market demonstrate it to me. Of course it's still too early but hopefully we can observe in the future whether bitcoin/freicoin can complement each other with freicoin a better medium of exchange, reducing interest rate and helping credit formation etc.

[K1773R]

yay, another pump and dump altcoin whos going to scam first?

Actually, I'm inclined to believe this one has legitimate roots. It's been over a year in the making and has been done mostly in public.

alright, il watch it

[Spekulatius]

Where can I download a miner for this?

[dreamwatcher]

Where can I download a miner for this?

You can use any SHA 256 coin miner you use for BTC/PPC/TRC.

Just use port 8638.

[maaku]

Where can I download a miner for this?

You can use any SHA 256 coin miner you use for BTC/PPC/TRC.

Just use port 8638.

There's also a p2pool instance up at http://pool.freico.in:9638

[bushstar]

I have FRC for sale in lots of 100s. I have more than 1000. Message me if you are interested.

[nethead]

I have FRC for sale in lots of 100s. I have more than 1000. Message me if you are interested.

What is their value? Your price for an "100" lot?

[BugSpirit]

I have FRC for sale in lots of 100s. I have more than 1000. Message me if you are interested.

What is their value? Your price for an "100" lot?

I will sell at 0.1 BTC or 17 LTC.

[markm]

Hmm weird, offer on Vircurex right now says BTC/LTC    0.00581002 which looks to me as if it means one litecoin is 5.81002 thousandths of a bitcoin, and that is offer, not ask. SO I do not know how 170 litecoins per thousand comes out as in any way similar to one bitcoin per thousand.

But I am not really awake yet so maybe I am seeing it a wrong way round or something.

A bitcoin per thousand freicoin sounds like a decent enough price to me that it could pry a few thousand freicoin lose from my cold dead hands or even when I actually do wake up my warm ones.

-MarkM-

[Bigal]

Hmm weird, offer on Vircurex right now says BTC/LTC    0.00581002 which looks to me as if it means one litecoin is 5.81002 thousandths of a bitcoin, and that is offer, not ask. SO I do not know how 170 litecoins per thousand comes out as in any way similar to one bitcoin per thousand.

But I am not really awake yet so maybe I am seeing it a wrong way round or something.

A bitcoin per thousand freicoin sounds like a decent enough price to me that it could pry a few thousand freicoin lose from my cold dead hands or even when I actually do wake up my warm ones.

-MarkM-

170 * 0.00581002 = 0.9877034 btc

I have several freicoins as well if someone is interested.

[bushstar]

But I am not really awake yet so maybe I am seeing it a wrong way round or something.

-MarkM-

I'm guessing that bit of maths was pre-coffee

I now have a lot of these coins. Over the last 40 blocks I've solved I have found every 6th block going by the mean. It actually works out to every 5.9 blocks exactly.

Don't suppose anyone is going to build a Freicoin escrow?

[Rubberduckie]

what's the current difficulty?

[bushstar]

what's the current difficulty?

The difficulty would appear to be 256.

Code:

C:\Program Files (x86)\Freicoin\daemon>freicoind getdifficulty
256.00000000

[Rubberduckie]

what's the current difficulty?

The difficulty would appear to be 256.

Code:

C:\Program Files (x86)\Freicoin\daemon>freicoind getdifficulty
256.00000000

thanks for that

[Impaler]

Greetings Fellow Freicoiners, I'm a follower and contributor to the Freicoin discussion forums (and if I ever stop playing League of Legends long enough I'll do some code too).  Its great to see this coin being launched and I have the highest hopes for it and for the monetary theories of Silvio Gessel which guides it.  If anyone is still curious about these theories I'd be very happy to help explain them on our IRC channel #freicoin (Freenode).

[nethead]

1BTC or 170 for 1000 Freicoins.

My address is below but please message first to check that I have enough Freicoin. I currently have 3000FRC with more being mined all the time. I have my farm set to Freicoins only at the moment.

BTC: 1JQmqFzA7hoDemJUaTao6y6GdhbyFqdko8
LTC: LTgGQUQSFJmiNWMnwsg9TpjE1uJTdwjPLh

Sorry to ask again, price in trc???

[bushstar]

I've been getting bids for 1,000FRC at 0.5BTC or 85LTC which I have been filling. These seem a fair initial price with each FRC being valued at slightly over half a cent.

The current difficulty is 256, this will soon go up to 1,024 as the difficulty moves in the power of four.

I'm not accepting TRC as payment at the moment as TRC price has dropped and I'm wondering how viable it will be now that the very interesting FRC is out.

[doublec]

Is there any usage of Freicoin at the moment? Many alt coins start off with speculation (and unfortunately stay there) but with Freicoin losing value over time does this mean current speculators are hoping something will happen real soon or there coins will disappear? Or am I misunderstanding how Freicoin works?