[ANN] Freicoin: demurrage crypto-currency from the Occupy movement (crowdfund)

[Kutaxi]

Is this coin still got any life in it as seeing lots of alts slowing down these days and just more and more coins poping up everywhere.

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[Skaro]

Some people were talking about Freicoin and I decided to check it out, what, this coin is old? Interesting! Development has happened again, right? What about Freiexchange, what does that have to do with it?

FreiExchange was developed by Fedde, the same person that made Fed&Fab mining pool and Freicoin Alliance. Fedde is the backbone of the freicoin community. When Freicoin was deslisted from all but Vircurex, Fedde decided to make an exchange where Freicoin can be traded.

Freicoin developer Mark Friedenbach has left Blockstream and is now spending regular time on Freicoin. You can find posts from him here:

https://freicoinalliance.com/topic/634-new-release-v0862-5/

[gembitz]

Some people were talking about Freicoin and I decided to check it out, what, this coin is old? Interesting! Development has happened again, right? What about Freiexchange, what does that have to do with it?

FreiExchange was developed by Fedde, the same person that made Fed&Fab mining pool and Freicoin Alliance. Fedde is the backbone of the freicoin community. When Freicoin was deslisted from all but Vircurex, Fedde decided to make an exchange where Freicoin can be traded.

Freicoin developer Mark Friedenbach has left Blockstream and is now spending regular time on Freicoin. You can find posts from him here:

https://freicoinalliance.com/topic/634-new-release-v0862-5/

Fedde/Freicoin ===> great team & outstanding exchange :-D

+1

[fedde]

"snapped from twitter"

Mark Freidenbach proposes way to reach 30000+ tx/s using ‘forward blocks’. Only available on Freicoin website.

http://freico.in/forward-blocks-scalingbitcoin-paper.pdf

https://twitter.com/markfriedenbach/status/1048321940904075264?s=21

https://www.coindesk.com/bitcoin-breakthrough-tech-forward-blocks/

[charlie137]

"snapped from twitter"

Mark Freidenbach proposes way to reach 30000+ tx/s using ‘forward blocks’. Only available on Freicoin website.

http://freico.in/forward-blocks-scalingbitcoin-paper.pdf

https://twitter.com/markfriedenbach/status/1048321940904075264?s=21

https://www.coindesk.com/bitcoin-breakthrough-tech-forward-blocks/

outstanding work!

[Skaro]

Freicoin supporters, while everyone is talking about ‘forward blocks’, we need to spread the word that:
1) forward blocks are being implemented currently in Freicoin
2) Freicoin is only available at FreiExchange.com

Recommended text follows:

Mark Friedenbach, Freicoin developer, recently presented a way to do change POW algorithm and increase block size, without a hard fork, using ‘Forward Blocks’. With sharding, he claims that the transaction rate of BTC could reach 30000 tx/s. He had already stated that many of these things  will  be developed on Freicoin.

This would put Freicoin at the forefront of the scaling and democratization of mining race. Mark Friedenbach was one of the original founders of BlockStream but has left for a solo career. While Freicoin was created by Friedenbach and Jorge Timón in 2012, this announcement is like its new white paper rivaling today’s ICOs in scaling solution and developer skill. Currently, Freicoin is only trading on FreiExchange.com.

http://freico.in/forward-blocks-scalingbitcoin-paper.pdf

[Skaro]

Freicoin friends, we need some Tweets and RTs on how Freicoin will be where ‘forward blocks’ are developed. Check out the @fed_fab Twitter feed and RT and comment. Go Go Freigerms!

[Skaro]

Also check this out this little article on the relationship between Freicoin and ‘forward blocks’. The author claims that this puts Freicoin at the forefront of the development race for scalability and democratization of POW mining.
(Oh wait. The author is me)


https://steemit.com/bitcoin/@freeskaro/forward-blocks-and-freicoin

[hornetsnest]

Freicoin can't make the same scaling progress using forward blocks without a HF because the bug has already been fixed.It is through exploiting the recent bug on BTC that it can be implemented there though.

[drmutz]

Hello Folks,

I have just updated the crypto-docker project at https://github.com/bostontrader/crypto-docker.  Among other things, fans of of FRC might be interested in the following:

With crypto-docker you can build docker images that contain the FRC binaries built from a recent commit of https://github.com/freicoin/freicoin using Alpine Linux.

You can choose to build an image without debug symbols, but with optimization, resulting in a rather small image of about 181 MB.  This is built with QT5 and can be viewed from a VNC viewer on the host system.

Or you can choose to build an image with debug symbols and no optimization, resulting in a larger image.  But this image includes gdb and gdbgui which enables you to debug the executables using gdb and a GUI.

Enjoy!

[Skaro]

Freicoin can't make the same scaling progress using forward blocks without a HF because the bug has already been fixed.It is through exploiting the recent bug on BTC that it can be implemented there though.

The hard fork has been done at wallet version 10.4 that allows Freicoin to have the full potential of the "forward blocks" scaling increase. Freicoin wallet version 12.1 is also now available.

[hornetsnest]

Freicoin can't make the same scaling progress using forward blocks without a HF because the bug has already been fixed.It is through exploiting the recent bug on BTC that it can be implemented there though.

The hard fork has been done at wallet version 10.4 that allows Freicoin to have the full potential of the "forward blocks" scaling increase. Freicoin wallet version 12.1 is also now available.

Cool....when moon??

[inashed]

Demurrage currencies like Freicoin align incentives of bankers and financiers with the priorities of working class, forcing the wealthy through their own self-interest to invest in growth, jobs, and ventures with long-term thinking. An economy based on demurrage currency would not fall victim to to the same greed, excess, and short-term thinking that led to the 2008 crisis and financial collapse. Freicoin would instead continuously stimulate global growth through reinvestment, and dis-incentivize the hoarding by the 1% that caused the “credit crunch”.

Inflation create a susbsistance economy, where normal people can't save money because they will either lose it or lose its power. This creates a society that has less power to influence the market and the ultra riches reign freer from normal people influence.
The ultra rich have (instead of a pile of cash at some vault)  their companies, and etc.... that aren't money and so wont be taken by the system (in demurrage) or devalued with inflation.


Instead what could be tried with demurrage, is to try to test if demurage can work to make a coin more stable, something like this.
The coin DON'T use proof of burn.
The coin is 100% premined, and people mine only transactions fees and demurrage fees, but unlike clam coin where every wallet that had more than 0 bitcoin at specific day/hour X will get Y clam coins, you will only get one of the premined coins if you asked during the premine, this to avoid lost coins and make the coin "more premined", no coin will be "discovered at the future".
After Z days EACH wallet lost W coins, W is not a percentage of something, but specific W coins and will continue to be W until the heat death of universe.. W can't be a value too low (imagine every month each bitcoin wallet losing 1 satochi as some example) but also not too high.
The amount of unique coins (at bitcoin is 2100000000000000 coins) must be really high to support any wealth disparity possible and any amount of users without the need of adding more coins, or adding more zeroes before 1, so W stays always the same.
The coin will be pegged by the ability to pay to this ability to pay W.

[Skaro]

For those interested, Freicoin is trying to expand its community and could use some help in development. Please come check out what Mark has posted as issues:

https://github.com/tradecraftio/tradecraft

[hornetsnest]

Freicoin price has taken a tumble again.After buying all my coins at over 100 sats insult is added to injury with demurrage eating away all my coins in the wallet
Heres a serious proposal.GET RID OF DEMURRAGE ALTOGETHER

[Gash]

Freicoin price has taken a tumble again.After buying all my coins at over 100 sats insult is added to injury with demurrage eating away all my coins in the wallet
Heres a serious proposal.GET RID OF DEMURRAGE ALTOGETHER

Whats going on here? Since Demurrage ate all of your coins it absolved you from obligation to sit your ass at home, babysit finances etc., which creates an excess of free time which you should spend in a local medical facility. Get taken care of. Unless you want Mr. Demurrage to show up in your house or terrorize your wife. People replying in this thread do not realize where they are. The thread is 7 years old. Purge "Demurrage" word and link to wikipedia article from it.

[gembitz]

Freicoin price has taken a tumble again.After buying all my coins at over 100 sats insult is added to injury with demurrage eating away all my coins in the wallet
Heres a serious proposal.GET RID OF DEMURRAGE ALTOGETHER

LOLLLL    IT'S A TARPPPP

[hornetsnest]

Freicoin price has taken a tumble again.After buying all my coins at over 100 sats insult is added to injury with demurrage eating away all my coins in the wallet
Heres a serious proposal.GET RID OF DEMURRAGE ALTOGETHER

Whats going on here? Since Demurrage ate all of your coins it absolved you from obligation to sit your ass at home, babysit finances etc., which creates an excess of free time which you should spend in a local medical facility. Get taken care of. Unless you want Mr. Demurrage to show up in your house or terrorize your wife. People replying in this thread do not realize where they are. The thread is 7 years old. Purge "Demurrage" word and link to wikipedia article from it.

[hornetsnest]

Freicoin price has taken a tumble again.After buying all my coins at over 100 sats insult is added to injury with demurrage eating away all my coins in the wallet
Heres a serious proposal.GET RID OF DEMURRAGE ALTOGETHER

LOLLLL    IT'S A TARPPPP

[inashed]

One question, If the coin have demurrage fees, why the coin inst fully premined?

Why have both monetary inflation and demurrage. (PS: Not saying to you remove demurrage from this project)