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!
At least if you didn't make any transactions your money wouldn't be taken from you. FRC is like a bank account where there is 0% interest and a 5% maintenance fee. So come back after long enough and there won't be anything left.
Federal Reserve Coin is a cryptocurrency set up by a Foundation that wants to be the Feds and take 80% of mined coins.. no, really, that's in the source code. 80% of mined coins goes to preset addresses so they can debate "proposals" in an "open and fair" (aka Are you a member of the Communist party?)... wonder how long it's going to be before "FRC is deflating! Let's spend our reserve for QE!".
There are forks that changes this - vote with your hashpower.
Communist is actually a fantasy and not humanity. You can check the history of the countries controlled by the communist, people are just like slaves and a few top controllers live like gods (although still corruption). It's not democratic, it's just back to a slavery country or even worse.
I think for a decentralized community and financial system, we need to be open without hide anything. This is a key success to a bright future.