Freicoin ?

[bitcoinstarter]

Found this:

Freicoin

What the heck is Freicoin?

[1714751871]

1714751871

[1714751871]

1714751871

[1714751871]

1714751871

[hazek]

https://github.com/freicoin/freicoin

[SlickTheNick]

https://github.com/freicoin/freicoin

this tells the average person absolutely nothing about what this is.

[Impaler]

Go here this is the site that for explaining for newcomers

http://freico.in/

[scrybe]

existing discussion with a lot of info:
https://bitcointalk.org/index.php?topic=133020.0

[DeathAndTaxes]

https://github.com/freicoin/freicoin

this tells the average person absolutely nothing about what this is.

You aren't missing much.

Do you love inflation? 
Do you sometimes feel bad that inflation doesn't rob your Bitcoins of purchasing power? 
Wish your Bitcoins could slowly disintegrate over time?

Well your in luck, freicoin is the coin for you.

Some potential slogans:
"Freicoin: the only alt-coin with a wealth destruction feature built right in"
"Freicoin: the only thing free about it is the freedom to confiscate your wealth"
"Freicoin: 9 out of 10 central bankers choose Freicoin over Bitcoin"
"Freicoin: eventually you will disintigrate into nothing, shouldn't your money do the same?"

[SlickTheNick]

https://github.com/freicoin/freicoin

this tells the average person absolutely nothing about what this is.

You aren't missing much.

Do you love inflation? 
Do you sometimes feel bad that inflation doesn't rob your Bitcoins of purchasing power? 
Wish your Bitcoins could slowly disintegrate over time?

Well your in luck, freicoin is the coin for you.

Some potential slogans:
"Freicoin: the only alt-coin with a wealth destruction feature built right in"
"Freicoin: the only thing free about it is the freedom to confiscate your wealth"
"Freicoin: 9 out of 10 central bankers choose Freicoin over Bitcoin"
"Freicoin: eventually you will disintigrate into nothing, shouldn't your money do the same?"

well.... that sounds retarded.

[Ignore@YourPeril]

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

This principle can also apply when introducing a new currency. Worse for the saver => better for the spendthrifts => faster-wider-harder distribution.

[Liquid]

https://github.com/freicoin/freicoin

this tells the average person absolutely nothing about what this is.

You aren't missing much.

Do you love inflation? 
Do you sometimes feel bad that inflation doesn't rob your Bitcoins of purchasing power? 
Wish your Bitcoins could slowly disintegrate over time?

Well your in luck, freicoin is the coin for you.

Some potential slogans:
"Freicoin: the only alt-coin with a wealth destruction feature built right in"
"Freicoin: the only thing free about it is the freedom to confiscate your wealth"
"Freicoin: 9 out of 10 central bankers choose Freicoin over Bitcoin"
"Freicoin: eventually you will disintigrate into nothing, shouldn't your money do the same?"

well.... that sounds retarded.

ROFL

[DryPowder]

https://github.com/freicoin/freicoin

this tells the average person absolutely nothing about what this is.

You aren't missing much.

Do you love inflation? 
Do you sometimes feel bad that inflation doesn't rob your Bitcoins of purchasing power? 
Wish your Bitcoins could slowly disintegrate over time?

Well your in luck, freicoin is the coin for you.

Some potential slogans:
"Freicoin: the only alt-coin with a wealth destruction feature built right in"
"Freicoin: the only thing free about it is the freedom to confiscate your wealth"
"Freicoin: 9 out of 10 central bankers choose Freicoin over Bitcoin"
"Freicoin: eventually you will disintigrate into nothing, shouldn't your money do the same?"

It´s Frito Coin 

[creativex]

https://github.com/freicoin/freicoin

this tells the average person absolutely nothing about what this is.

You aren't missing much.

Do you love inflation? 
Do you sometimes feel bad that inflation doesn't rob your Bitcoins of purchasing power? 
Wish your Bitcoins could slowly disintegrate over time?

Well your in luck, freicoin is the coin for you.

Some potential slogans:
"Freicoin: the only alt-coin with a wealth destruction feature built right in"
"Freicoin: the only thing free about it is the freedom to confiscate your wealth"
"Freicoin: 9 out of 10 central bankers choose Freicoin over Bitcoin"
"Freicoin: eventually you will disintigrate into nothing, shouldn't your money do the same?"

well.... that sounds retarded.

Correct. Pass on Federal Reserve Coin.

[cbeast]

Sounds like freak coin, but who am I to judge?

[psybits]

Everything around us was at some stage an idea that seemed ridiculous at first.

Personally, I'm fascinated to see how FRC goes (it certainly differentiates itself from the other coins).

[creativex]

Everything around us was at some stage an idea that seemed ridiculous at first.

Personally, I'm fascinated to see how FRC goes (it certainly differentiates itself from the other coins).

Unfortunately it differentiates itself by having a tax applied to it.

[nethead]

Everything around us was at some stage an idea that seemed ridiculous at first.

Personally, I'm fascinated to see how FRC goes (it certainly differentiates itself from the other coins).

Unfortunately it differentiates itself by having a tax applied to it.

and developers eating that tax..

[DeathAndTaxes]

Everything around us was at some stage an idea that seemed ridiculous at first.

Personally, I'm fascinated to see how FRC goes (it certainly differentiates itself from the other coins).

I can simulate FRC for you.  Give me x BTC and in a year (or whenever you want) I will give you some of them back (95% back for period of 1 year, prorated for shorter periods).
Hell I won't even keep the 5%, I will just send it to the miners as a tx fee.

[smoothie]

Everything around us was at some stage an idea that seemed ridiculous at first.

Personally, I'm fascinated to see how FRC goes (it certainly differentiates itself from the other coins).

I can simulate FRC for you.  Give me x BTC and in a year (or whenever you want) I will give you some of them back (95% back for period of 1 year, prorated for shorter periods).
Hell I won't even keep the 5%, I will just send the to the miners.

+1 LOL this.

Goes to show how flawed the concept of FRC is. I want in on this if you FRC fanboys truly believe in the concept of FRC.

[maaku]

I can simulate FRC for you.  Give me x BTC and in a year (or whenever you want) I will give you some of them back (95% back for period of 1 year, prorated for shorter periods).
Hell I won't even keep the 5%, I will just send it to the miners as a tx fee.

No, if you simply hold the coins that does not simulate demurrage. Not unless your coins were also subject to demurrage as well, and everybody else's too. The positive effects of demurrage are observed at the macroeconomic scale. One person providing negative-interest loans is a very different (and useless) experiment.

[smoothie]

I can simulate FRC for you.  Give me x BTC and in a year (or whenever you want) I will give you some of them back (95% back for period of 1 year, prorated for shorter periods).
Hell I won't even keep the 5%, I will just send it to the miners as a tx fee.

No, if you simply hold the coins that does not simulate demurrage. Not unless your coins were also subject to demurrage as well, and everybody else's too. The positive effects of demurrage are observed at the macroeconomic scale. One person providing negative-interest loans is a very different (and useless) experiment.

So how exactly is FRC different than this "experiment" you reference?

[scrybe]

I can simulate FRC for you.  Give me x BTC and in a year (or whenever you want) I will give you some of them back (95% back for period of 1 year, prorated for shorter periods).
Hell I won't even keep the 5%, I will just send it to the miners as a tx fee.

No, if you simply hold the coins that does not simulate demurrage. Not unless your coins were also subject to demurrage as well, and everybody else's too. The positive effects of demurrage are observed at the macroeconomic scale. One person providing negative-interest loans is a very different (and useless) experiment.

So how exactly is FRC different than this "experiment" you reference?

For one you would have to issue some sort of fungable unit that I can use to trade with others, locking my money away is not why I would be using FRC. You would also have to agree to cash out me, or any of my friends or their friends (etc) at a prorated amount at any time. This does not even get into the macro/micro issue, your scenario is an invalid comparison on the face of it, otherwise it would not be a reasonably good joke.