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Author Topic: Coins just steadily fading away  (Read 890 times)
myhoho
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March 22, 2013, 11:48:05 AM
 #1

 I really enjoy to see my FreiCoins to disappear gradually - its like cherry blossom viewing... And makes me think about eternal milky-way and fragility of life. I would recommend you to install the client and watch it  Cheesy


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Brunt, FCA
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March 22, 2013, 09:17:41 PM
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You're right, they really do!
I didn't notice until today. When you start your wallet up and the blockchain starts catching up, your wallet balance starts trickling down.

I assume that given enough time, every Freicoin in existence will eventually disappear into nothingness. How strange!
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March 23, 2013, 03:36:46 PM
 #3

You're right, they really do!
I didn't notice until today. When you start your wallet up and the blockchain starts catching up, your wallet balance starts trickling down.

I assume that given enough time, every Freicoin in existence will eventually disappear into nothingness. How strange!

They don't disappear, what is get from demurrage is sent to the blocks.
You lose around 4.9% of the original value every year, so your coins to totally fade away you would wait almost the aeon.

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nethead
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March 23, 2013, 03:59:16 PM
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You're right, they really do!
I didn't notice until today. When you start your wallet up and the blockchain starts catching up, your wallet balance starts trickling down.

I assume that given enough time, every Freicoin in existence will eventually disappear into nothingness. How strange!

They don't disappear, what is get from demurrage is sent to the blocks.
You lose around 4.9% of the original value every year, so your coins to totally fade away you would wait almost the aeon.

WRONG. this tax goes to the foundation pockets
galambo
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March 23, 2013, 05:16:02 PM
 #5

You're right, they really do!
I didn't notice until today. When you start your wallet up and the blockchain starts catching up, your wallet balance starts trickling down.

I assume that given enough time, every Freicoin in existence will eventually disappear into nothingness. How strange!

They don't disappear, what is get from demurrage is sent to the blocks.
You lose around 4.9% of the original value every year, so your coins to totally fade away you would wait almost the aeon.

This is correct. It will take ~15 years for half of the coins you have to recycle to the miners.

nethead is incorrect in saying these coins go to the foundation. The foundation only gets a percentage of the initially mined coins. The miners get the demurrage fee (technically -- its not the same coins, but the exact same number of coins).
nethead
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March 23, 2013, 05:56:07 PM
 #6

You're right, they really do!
I didn't notice until today. When you start your wallet up and the blockchain starts catching up, your wallet balance starts trickling down.

I assume that given enough time, every Freicoin in existence will eventually disappear into nothingness. How strange!

They don't disappear, what is get from demurrage is sent to the blocks.
You lose around 4.9% of the original value every year, so your coins to totally fade away you would wait almost the aeon.

This is correct. It will take ~15 years for half of the coins you have to recycle to the miners.

nethead is incorrect in saying these coins go to the foundation. The foundation only gets a percentage of the initially mined coins. The miners get the demurrage fee (technically -- its not the same coins, but the exact same number of coins).

So im not incorrect.
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