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Author Topic: So why does everyone hate Freicoin? O_o  (Read 370 times)
VforVictory
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April 01, 2013, 10:57:38 PM
 #1

Over 90% of the threads I have found via searching have usually involved lots and lots of flames. Is there some kind of hard reason for all of it? >_>

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin-Qt, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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April 02, 2013, 03:32:02 AM
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Probably because they hate the idea of having their money forcibly taken from them? Just a thought.

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April 02, 2013, 03:50:43 AM
 #3

I'm not sure, but maybe it's because the foundation (whoever that is) gets an 80%-cut of all block-rewards,
or maybe it's because of the 4.89% annual demurrage.

I don't get it, why would I mine a block, if someone else get's 80% of the reward for doing nothing?
Why would I want a Coin, that loses value everyday? If I want that, I can just stick to fiat.

Not that I'm flaming, or hating or anything, I just don't get it.


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April 02, 2013, 12:47:09 PM
 #4

Yeah, demurrage is a really bad idea.

I know the proponents say "but Worgl!", and I respond that the Worgl experiment didn't run long enough to prove that the idea had any value. It also would have needed to be tested in competition with as many other currency ideas as the market would have provided but it didn't - it was only tested against a failing fiat currency.

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