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Author Topic: [ANN] Freicoin: demurrage crypto-currency from the Occupy movement (crowdfund)  (Read 56401 times)
Bitinvestor
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June 30, 2012, 03:03:35 PM
 #81

Of course they will. The question, as always, is at what price.

See my previous reply.  Grin

Those who cause problems for others also cause problems for themselves.
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June 30, 2012, 04:26:52 PM
 #82

Merged mining is an important feature. It gives miners a reason to mine something that at first will trade for almost nothing, and if Freicoin ever takes off then Bitcoin can free ride off the high subsidy.
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June 30, 2012, 04:38:25 PM
 #83

Please close this thread it's retarded.

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galambo
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June 30, 2012, 05:02:07 PM
 #84

smoothie: I'd be more likely to question the motivation of a cryptocurrency developer who doesn't ask for money.
bulanula
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June 30, 2012, 05:03:44 PM
 #85

smoothie: I'd be more likely to question the motivation of a cryptocurrency developer who doesn't ask for money.

Are you saying Gavin has something to hide Shocked ?

No way dood Wink !

I actually agree with your statement there.

BTW, what happened to RealCoin guy that was working with Intersango guys and that altchain Huh

I am really curious !
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June 30, 2012, 05:07:22 PM
 #86

smoothie: I'd be more likely to question the motivation of a cryptocurrency developer who doesn't ask for money.


Hmm perhaps then you should put your faith into what you wouldnt be more likely to question right?

Oh wait, you wont do that because you dont believe what you just wrote. Please prove me wrong and send the OP your money  Grin Grin Grin

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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
galambo
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June 30, 2012, 05:33:32 PM
 #87

smoothie: I'd be more likely to question the motivation of a cryptocurrency developer who doesn't ask for money.


Hmm perhaps then you should put your faith into what you wouldnt be more likely to question right?

Oh wait, you wont do that because you dont believe what you just wrote. Please prove me wrong and send the OP your money  Grin Grin Grin

I already have.
smoothie
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June 30, 2012, 05:38:59 PM
 #88

smoothie: I'd be more likely to question the motivation of a cryptocurrency developer who doesn't ask for money.


Hmm perhaps then you should put your faith into what you wouldnt be more likely to question right?

Oh wait, you wont do that because you dont believe what you just wrote. Please prove me wrong and send the OP your money  Grin Grin Grin

I already have.

How much?

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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
maaku
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June 30, 2012, 05:42:42 PM
 #89

What he considered to be an appropriate amount. What else matters?


Please, let's try to keep this on topic and without trolling.

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If you like my work, please consider donating yourself: 13snZ4ZyCzaL7358SmgvHGC9AxskqumNxP
galambo
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June 30, 2012, 05:43:33 PM
 #90

smoothie: I'd be more likely to question the motivation of a cryptocurrency developer who doesn't ask for money.


Hmm perhaps then you should put your faith into what you wouldnt be more likely to question right?

Oh wait, you wont do that because you dont believe what you just wrote. Please prove me wrong and send the OP your money  Grin Grin Grin

I already have.

How much?

A matter of perspective: from your perspective, too much. From mine, not nearly enough.
bulanula
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June 30, 2012, 05:44:06 PM
 #91

What he considered to be an appropriate amount. What else matters?


Please, let's try to keep this on topic and without trolling.

By the looks of things he is the only one that donated; donated 0.20115289 BTC Cheesy

http://blockchain.info/address/1HzH4YtFwBQXyF2NCCwyY2qFCCsBsmdN3j
galambo
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June 30, 2012, 05:46:27 PM
 #92

What he considered to be an appropriate amount. What else matters?


Please, let's try to keep this on topic and without trolling.

By the looks of things he is the only one that donated; donated 0.20115289 BTC Cheesy

http://blockchain.info/address/1HzH4YtFwBQXyF2NCCwyY2qFCCsBsmdN3j

The donation link is here http://www.indiegogo.com/freicoin?a=784965
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June 30, 2012, 06:54:47 PM
 #93

What he considered to be an appropriate amount. What else matters?


Please, let's try to keep this on topic and without trolling.

By the looks of things he is the only one that donated; donated 0.20115289 BTC Cheesy

http://blockchain.info/address/1HzH4YtFwBQXyF2NCCwyY2qFCCsBsmdN3j

The donation link is here http://www.indiegogo.com/freicoin?a=784965

Wow you donated like a whole 50 cents. BRAVO! You are in such support of this project and its 28k goal LOL! Grin Grin Grin Grin

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                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
steelhouse
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June 30, 2012, 07:02:41 PM
 #94

What I will do is become a miner and sell the coins and buy BTC.
Then you will be doing exactly what the currency is designed for.

Let me reiterate again: the purpose of this *coin is to cleanly separate the dual purposes of money, medium-of-exchange from store-of-value. You trade your mined freicoins for BTC, but the counter-party to that transaction doesn't want to hold on to freicoins any more than you do. So he uses it to buy services he needs, and the service provider gets rid of it by paying an employee, and that employee spends it buying groceries, and that grocer turns a profit and invests it in bitcoins, bringing the Freicoin cash back to the exchange, etc., etc. ad infinitum.

Bitcoin is and always will be an ideal mechanism for storing value, superior to Freicoin in that regard. That is expected, desirable, and by design.

A coin (medium-of-exchange) should be a store of value.  Both workers and grocers would prefer to trade a coin with a store of value.  People only save money to use in the future or to buy a bigger ticket item.
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June 30, 2012, 07:29:13 PM
 #95


A coin (medium-of-exchange) should be a store of value.  Both workers and grocers would prefer to trade a coin with a store of value.  People only save money to use in the future or to buy a bigger ticket item.

It's simply not a necessary condition. If you really want to understand more I'd suggest picking up this book.

http://www.amazon.com/Debt-The-First-000-Years/dp/1933633867

Or watch this interview with the author

http://www.youtube.com/watch?v=SnOqanbHZi4

http://www.youtube.com/watch?v=L5c5mZhDs4U
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June 30, 2012, 07:46:58 PM
 #96

$795 raised against a $28,000 windfall for the con-men behind this project with 44 days to go. At that burn rate the final result will be in keeping with the nature of the proposal- FAIL.

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June 30, 2012, 08:16:03 PM
 #97

$795 raised against a $28,000 windfall for the con-men behind this project with 44 days to go. At that burn rate the final result will be in keeping with the nature of the proposal- FAIL.

So true ...

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June 30, 2012, 08:46:15 PM
 #98

$795 raised against a $28,000 windfall for the con-men behind this project with 44 days to go. At that burn rate the final result will be in keeping with the nature of the proposal- FAIL.

Well that remains to be seen. There's still quite a bit of time left and we've only just started to publicize.

In any case, if we don't make the goal then we'll just scale back some of the non-critical items, with the block chain pruning probably being the first to go--being the longest pole in the tent.

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July 01, 2012, 05:54:47 AM
 #99

Here's a thought... why not hop the whole crypto-currency crowd of occupy-lings over to ShortBusCoin/MicroIntellectualPropertyTheftCash and adopt their failure of a currency instead of creating your own. It would really be more in keeping with the philosophy of occupy- leech from others, create a culture of dependency and entitlement by corrupting that which isn't yours, and seize what you want without the effort of actual creation or labor, because , gosh darn it, the 99% should be able to get what they want without all that yucky work stuff, just by taking it from the stupid 1% who actually created it.

An idea about as fucked up as this concept.

54Gh/s bASIC Bitcoin Mining Devices
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July 01, 2012, 06:10:16 AM
 #100

Or here's a thought: why don't you troll somewhere else?


I'm happy to respond to any reasonable questions about the economics of the proposal. But let's keep the discourse level-headed and rational, okay?

I'm an independent developer working on bitcoin-core, making my living off community donations.
If you like my work, please consider donating yourself: 13snZ4ZyCzaL7358SmgvHGC9AxskqumNxP
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