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Author Topic: [ANN] Freicoin: demurrage crypto-currency from the Occupy movement (crowdfund)  (Read 56266 times)
ElectricMucus
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May 22, 2014, 04:45:50 AM
 #381

I'm not sure how informed you are about Freicoin, but the underlying purpose and design requirements are to explicitly avoid speculative asset appreciation. I see a very flat and relatively stable graph, minus the deceptive spike around the time of bitcoin's runup. That's a good thing.

Bullshit, the unit of account is supposed to represent a stable amount of wealth. It's the whole point of a demurrage scheme, otherwise there could just be constant inflation. What we are seeing here is depreciation of the net worth of the whole freicoin "economy".
Still think you are right? Show a simple time series graph on the transaction value.

No what we are seeing here is a classical example of excessive taxation (to the amount of being fraudulent) choking off any potential for growth.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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Arcurus
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May 22, 2014, 06:21:41 AM
 #382

@ElectricMucus
Whats the point? If you don't agree with Freicoin, then just create your own currency or use one that you agree with. There is no use in wasting time to spend on thinks that you don't agree with.


Good actions give strength to ourselves and inspire good actions in others.
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Interested in a beautiful free world:
http://foundation.freicoin.org/
ElectricMucus
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May 22, 2014, 07:28:26 AM
 #383

@ElectricMucus
Whats the point? If you don't agree with Freicoin, then just create your own currency or use one that you agree with. There is no use in wasting time to spend on thinks that you don't agree with.



You must have a very simple personality.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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May 22, 2014, 03:32:23 PM
 #384

@ElectricMucus
Whats the point? If you don't agree with Freicoin, then just create your own currency or use one that you agree with. There is no use in wasting time to spend on thinks that you don't agree with.



You must have a very simple personality.

Yes of course Smiley Why make life so complicated if it could be so easy Wink Simplicity wins!

That's the best what Bitcoin brought to the world, the ability to choose what currency to use.
At least now until Bitcoin has not taken over the hole world...

Good actions give strength to ourselves and inspire good actions in others.
Plato

Interested in a beautiful free world:
http://foundation.freicoin.org/
ElectricMucus
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May 22, 2014, 09:28:30 PM
 #385

Now here is something new, you exposing yourself to the complications of arguing with me in order to convince me to stop arguing myself.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
blackhatzw
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June 23, 2014, 03:46:26 AM
 #386

Is there timeline or whitepaper of this coin?
maaku
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June 23, 2014, 04:56:58 AM
 #387

I'm not sure what you're asking for re: timeline. Freicoin was released in Dec 2012, and so it's been live for about 18 months now. You can download the latest official version from the website:

http://freico.in/

There isn't a whitepaper because the concept is quite simple. You can read about it in the OP or the official website. There is a whitepaper describing future additions that will hopefully be included within a year:

http://freico.in/docs/freimarkets.pdf

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Bicknellski
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June 30, 2014, 10:01:11 AM
 #388

http://freicoinmafia.com/

http://freicoinpoker.com/


Something to do with your FRC... other than exchange it.

Dogie trust abuse, spam, bullying, conspiracy posts & insults to forum members. Ask the mods or admins to move Dogie's spam or off topic stalking posts to the link above.
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It's about time


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June 30, 2014, 10:23:31 PM
 #389

these both look pretty cool, impressive, i may try them out !!

http://freicoinmafia.com/

http://freicoinpoker.com/


Something to do with your FRC... other than exchange it.

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gybigp
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July 02, 2014, 01:24:40 PM
 #390

The demurrage bothers me.  I was mining this coin as an alternate to BTC until I noticed the coins in my wallet decreasing by a very small amount.  At first I thought maybe the wallet was hacked and someone skimming a portion of my coins thinking it wouldn't be noticed.  To my disgust I found this article explaining it was not only a normal process but acceptable as well.  Seems like bad business to take a buck out of my wallet when I open it.  I don't think it's right and will not mine this coin any longer. 
2112
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July 02, 2014, 03:08:37 PM
 #391

The demurrage bothers me.  I was mining this coin as an alternate to BTC until I noticed the coins in my wallet decreasing by a very small amount.  At first I thought maybe the wallet was hacked and someone skimming a portion of my coins thinking it wouldn't be noticed.  To my disgust I found this article explaining it was not only a normal process but acceptable as well.  Seems like bad business to take a buck out of my wallet when I open it.  I don't think it's right and will not mine this coin any longer. 
I'll just quote it for humor value before its get deleted.

Please comment, critique, criticize or ridicule BIP 2112: https://bitcointalk.org/index.php?topic=54382.0
Long-term mining prognosis: https://bitcointalk.org/index.php?topic=91101.0
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July 03, 2014, 09:55:56 AM
 #392

The demurrage bothers me.  I was mining this coin as an alternate to BTC until I noticed the coins in my wallet decreasing by a very small amount.  At first I thought maybe the wallet was hacked and someone skimming a portion of my coins thinking it wouldn't be noticed.  To my disgust I found this article explaining it was not only a normal process but acceptable as well.  Seems like bad business to take a buck out of my wallet when I open it.  I don't think it's right and will not mine this coin any longer. 

You should have spent it! Circulation you know! Consumption ftw! Who needs rain forests.


https://localbitcoins.com/?ch=80k | BTC: 1LJvmd1iLi199eY7EVKtNQRW3LqZi8ZmmB
cinnamon_carter
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July 22, 2014, 11:58:11 PM
 #393

anyone else see slow or no payout from fed & fab pool ??

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Spoetnik
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July 23, 2014, 02:41:42 AM
 #394

@ElectricMucus
Whats the point? If you don't agree with Freicoin, then just create your own currency or use one that you agree with. There is no use in wasting time to spend on thinks that you don't agree with.



that is why we have a mess here in the Altcoin scene.
and also, only ever said to cover your tracks.. by making excuses !

the logic is swiss cheese !

WARNING = ANALOGY TIME

if you owned a home in your own nice affluent neighborhood and your next door neighbor decided to start handing $100 dollar bills out to bums.
then what ?
i would LOOOOOOVE to look you right in your hypocritical eye and laugh my ass off,
when you bitched and complained when your property value was chopped in half
because 1,000 bums had started living in your neighbors front yard..


one of many points (reason(s) "mind your own business" is bad) and examples i can make..
further more the ONLY reason people make excuses for bad behavior publicly is because your guilty of supporting it.
nobody is going to say shit like that and be innocent little angels.. come on LOL

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August 03, 2014, 06:06:41 PM
 #395

http://freico.in

"This Domain Name Has Expired"

Well, that isn't a good sign.

maaku
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August 06, 2014, 12:21:18 AM
 #396

http://freico.in

"This Domain Name Has Expired"

Well, that isn't a good sign.

Expired credit card on the auto-renew. Sadly, the junk registrar I used auto-switched to a spam parking host with a very high TTL. A few days out and the DNS caches still haven't cleared out...

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WASPJoe
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August 19, 2014, 03:00:06 AM
 #397

http://freicoinmafia.com/

http://freicoinpoker.com/


Something to do with your FRC... other than exchange it.
ceuservers.net accepts FRC for their services as well
anyone else see slow or no payout from fed & fab pool ??
havee you tried to contact them? they do not payout until 120 confirms. I know at times they have a large portion of the network and at other times have very low portions of the network. About the only pool that is consistent hashrate wise is mine


http://freico.in

"This Domain Name Has Expired"

Well, that isn't a good sign.

Expired credit card on the auto-renew. Sadly, the junk registrar I used auto-switched to a spam parking host with a very high TTL. A few days out and the DNS caches still haven't cleared out...
Also be aware that I have control of frei.co.in and am able to have a mirror of their site up at a moments notice.


there are people who have an interest in this coin still and it is kicking.




btw, there is a wiki http://wiki.freicoin.us it is run on one of CEUservers boxes and so far so good.




Finally, I wanted to mention that my pool is doing a promo. first 100 people to sign up for an account and mine for 24 hours get 100 FRC credited to their account. The stipulation being that you agree not to cash out the funds and must use them for trade or donate to orgs listed here https://foundation.freicoin.org/#/donations.


FreiCoin is an older established altcoin with innovative features that are not in other coins, while you may agree or disagree with demurrage, you must admit to the value in it's uniqueness. While many other coins seem to be in it for the short term, the lead devs here are in it for the long haul.

the fact that they have created something that is not just a clone should give people some interest in wanting to give it value. It brings something different to the table. While our libertarian views may not be happy with the demurrage fee, look at it this way:

THERE IS ALWAYS A PERPETUAL BLOCK REWARD! Unlike other coins (such as DOGE which have unlimited coins), this coin has a hardcap limit at 100 million....

Another way to think about it: using a little antminer thumbstick and mining for an hour or two a week will avoid demurrage and will even gain you some coins.


Is everyone going to like it? naw, but there are some really interesting things under the hood and the FreiCoin community is very inviting, open, educating, and encouraging. plus maaku and jtimon (the lead devs) can actually be reached and will talk to you without talking down to you.



Developer CCoin ccoin.info / Proof-of-Pizza | Help me dig out of school debt 14VcK4aTHDcu9NEwrD4FhxfwVsFoKP5ic7
Arcurus
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September 04, 2014, 09:28:31 PM
 #398

@ElectricMucus
Whats the point? If you don't agree with Freicoin, then just create your own currency or use one that you agree with. There is no use in wasting time to spend on thinks that you don't agree with.

that is why we have a mess here in the Altcoin scene.
and also, only ever said to cover your tracks.. by making excuses !

...
one of many points (reason(s) "mind your own business" is ... bad) and examples i can make..
...

Hmm I don't know if got it right, but so or so it made me reflect...
I also think, that "mind your own business" is "bad".

And yea I still think that Freicoin or something like Freicoin  has a big potential to boost a fair economy.
And yea maybe we have messed it really up.
The thing I wanted to say above is, that crypto currency gives us a big freedom to create a diversity how money could be in an global scale and that we should not wast our time in blaming others when we could use the same amount of time to create an better alternative.

But if the point is yea we messed it up, and yea we could have done it much better and yea lets reflect honestly and learn out of our failures, than I am all for it!

All the good,
Arcurus

 

Good actions give strength to ourselves and inspire good actions in others.
Plato

Interested in a beautiful free world:
http://foundation.freicoin.org/
cinnamon_carter
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September 05, 2014, 01:02:11 AM
 #399

note i just want to say that there is no issue at all with feddie's pool payouts, that was resolved and he showed me a dice game that uses Freicon looked good and I tested it out too !! 

Network difficulty was really up and dropped down a bit last night but is on the rise again. 


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The obvious choice is not always the best choice.

LOOK DEEPER - Look into the Blake 256 Family -- CC
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September 20, 2014, 11:52:25 PM
 #400

FRC hit bleutrade.com

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