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Author Topic: [ANN] Freecash will be launched at 00:00 on January 1, 2020.  (Read 591 times)
changyong75
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December 26, 2019, 10:30:08 AM
 #1

Freecash (FCH), a cryptocurrency test system based on Bitcoin Cash (BCH) and Bitcoin (BTC) technology, will be officially launched at 00:00 on January 1, 2020.

 Website: Freecash.org
 Browser: Freecash.info
 Mining pool: fch.zenpool.io
 Github: https://github.com/freecashorg/freecash/

The positioning of Freecash is: an experimental system to learn and explore the principles, technologies, governance and evolution models of public cryptocurrencies.

There are three main purposes for launching Freecash:

1.   As a BCH learning experiment system.  Its technical characteristics are similar to BCH and BTC, and it can be used by beginners and developers to experiment with new ideas in order to enter the BCH or BTC field safely and at lower cost.

2.   Explore solutions to BCH governance issues.  BTC's development and governance tended to be centralized around the scaling war.  BCH is currently highly decentralized, but it also faces the problem of inefficient community governance. FCH focuses on exploring an effective governance model for a decentralized cryptocurrency community.

3.   Explore the way of the evolution of cryptocurrencies.  Public cryptocurrencies, as a new money form, need to evolve for a long time, and currently lack a mature evolution model. The scaling war of bitcoin and the birth of BCH are very costly. FCH attempts to explore a more open evolution model for public cryptocurrencies.

Freecash originates from the scaling war of bitcoin and the evolution of Bitcoin Cash (BCH). It inherits the code, the goal of peer-to-peer electronic cash, and the evolution path of free evolution. It was an extension of the cryptocurrency experiment which was carried out by Satoshi Nakamoto, the early BTC community, and the BCH community.

Freecash will conduct experiments on some hard issues BCH face, such as developer incentives, community governance models, shortening block time, and 25 consecutive unconfirmed transfer limits. These may provide BCH with successful experiences or failed lessons to help BCH mature.

Freecash has two core features:

1.   Set up public governance funds.  That is, a public governance fund is directly generated in coinbase, which is used to motivate developers and public governance in the community.

2.   Support harmonious bifurcation evolution.  Encourage forks to try different market directions under the same mining algorithm and maintain community harmony.

Freecash is suitable as an introductory experiment for beginners and as a testing ground for developers. It is not suitable for investment and speculation. Anyone who wants to learn and develop cryptocurrency and more crypto applications is welcome to participate.
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December 27, 2019, 04:12:17 AM
 #2

so it's forked from bitcoin-abc ?

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January 02, 2020, 10:22:19 AM
 #3

No such thing as Free Cash  Grin

Scam, stupid project that will be gone in no time
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January 02, 2020, 10:33:27 AM
 #4

Why use BCH as the experimental system? Do you think it is worth it to resolve issues of BCH? Why not bitcoin, where there are more users than BCH? And about the public governance funds, who has the full control of it? Someone at least is managing it, right?
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January 03, 2020, 10:22:15 AM
 #5

Why use BCH as the experimental system? Do you think it is worth it to resolve issues of BCH? Why not bitcoin, where there are more users than BCH? And about the public governance funds, who has the full control of it? Someone at least is managing it, right?
He already stated it above on 2nd point.
Quote
2.   Explore solutions to BCH governance issues.  BTC's development and governance tended to be centralized around the scaling war.  BCH is currently highly decentralized, but it also faces the problem of inefficient community governance. FCH focuses on exploring an effective governance model for a decentralized cryptocurrency community.
We need more detailed information about how it is going to work, there are too many one sided claims from this thread.



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January 03, 2020, 04:24:09 PM
 #6

So, this is strictly a project for learning and trying out new stuffs in the space rather than the usual claiming of scaling Mt. Everest and not making it over the mole hill in the garden.

Refreshing to see an OP that calls their product exactly as it is. Question's how long will this "testing and experimentation" phase take?


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January 03, 2020, 11:48:48 PM
 #7

So, this is strictly a project for learning and trying out new stuffs in the space rather than the usual claiming of scaling Mt. Everest and not making it over the mole hill in the garden.

Refreshing to see an OP that calls their product exactly as it is. Question's how long will this "testing and experimentation" phase take?

testing and experimentation? while trying to sell their coins once listed. though they have no premine but they can sell whatever they are now accumulating once it hits in trading.

they have to review also their website for minor typo errors... and to add, i dont see anything innovative on this project??? and the dev already said - it is not suitable for investment and speculation, so better not buy this coin once they are in exchanges. lol




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January 04, 2020, 01:25:18 AM
 #8

Why would anyone use this fake freecash when there is testnet for Bitcoin where people can experiment and do some testing?
No reason whatsoever
 
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January 04, 2020, 12:48:57 PM
 #9

Why would anyone use this fake freecash when there is testnet for Bitcoin where people can experiment and do some testing?
No reason whatsoever
 

No one would. This is just another fork cashout, i thought that these would be over now but i guess someone will list and buy this too and forkers can have their pizza money.

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January 04, 2020, 01:27:33 PM
 #10

Everyone trying to make a quick BTC income.

It will soon end as we can see the alt market is full of crap and slowly they all fading away
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January 07, 2020, 09:39:02 AM
 #11

[fch]
According to the white paper it takes 10 days to get matured, which means it takes few days for mining pool to pay for your coins after you joined them, please mine with your trust pools or you can set up private pool by yourself which is also the safest way.

Website:
Freecash.org

FCH browser:
Freecash.info

Mining pool 1 set up by developers:
fch.zenpool.io

ASICs port configuration for Zenpool:
122.112.185.106:3032

Mining pool 2 set up by volunteer participant in FCH community:
http://anomp.com:8088/

Please check out pool configuration and connection ports bellow:
http://anomp.com:8088/getting_started/fch

Password: x or FCH or c=FCH,d=difficulty  ex. the least difficulty required 10000 then c=FCH,d=10000

Newest Wallet download:
https://download.sign.cash/freecash-1.0.3-win64.zip

Add nodes manually if the wallet info doesn't synchronize
addnode=39.104.93.114
addnode=121.36.141.190
addnode=203.104.37.185
addnode=39.104.79.176
addnode=121.36.141.190

Find "bin" in the downloaded file and Click freecash-qt.exe to start running the wallet

FCH talk forum:
http://bbs.cash

For more informations, please refer to http://bbs.cash/category/7/mining-挖矿
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February 13, 2020, 04:26:08 PM
Last edit: February 14, 2020, 01:33:56 PM by Stryfe
 #12

I am not planning on mining this coin but I do find it curious that the block reward is 50 FCH yet if you look at ViaBTC's block rewards - they are awarding only 25 FCH to the miners. Check each block on their explorer and you will see that 25 FCH of every block found is going to https://freecash.info/address?address=FTqiqAyXHnK7uDTXzMap3acvqADK4ZGzts which has 1.5 million FCH in balance.

this holds true for blocks found by ViaBTC and by any other pool

ViaBTC block:
https://freecash.info/block?height=63484

unknown pool:
https://freecash.info/block?height=63483

why is half the block reward being sent to FTqiqAyXHnK7uDTXzMap3acvqADK4ZGzts ? I see nothing that states only half the block rewards would be issued to miners.

I assume this is the FCH dev wallet based on the 1mil balance.

In their white paper, they do state something about reducing block rewards by 20% each year for 20 years starting with the first years reward of "25F" however, their block explorer shows the reward as "50F"

So, unless I am mistaken, something is not quite right with that, or no?


----edit----

after re-reading their white paper, even though it does not specify directly I believe the split off of the block reward is for the governance fund. If so, that explains the splitting of the block reward.

Mopar Mining, LLC - small Bitcoin/altcoin farm - working on expanding!
BTC Miners: 2 S9i/S9j -  4 T17 - 1 R606 Scrypt Miners: 1 Apollo
Offering escrow services https://bitcointalk.org/index.php?topic=5154480
liyangdhd
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February 13, 2020, 04:56:07 PM
 #13

This is a good project
toogoody
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February 14, 2020, 10:50:00 AM
 #14

Freecash was added to https://miningpoolstats.stream/freecash
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February 14, 2020, 12:27:03 PM
 #15


FreeCash now Mining on:
Coins 4 U Pool

All coins less than 0.76% fees
Server Location USA, East Coast

Private Dedicated - Xeon 6 core processor with 24meg memory, for faster service.
Payout every 2 hours.


Stratum Server
Code:
stratum+tcp://coins4u.cc:3333 -u FreeCashAdDrEsS -p c=FCH

http://coins4u.cc



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