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  1. Last week
  2. [FreiExchange] - News and Updates

    I spoke with the Manna coin guys a while ago, will check back on the contact to see if we can get it listed.
  3. MANNA?

    i wish too... still in the long run it would be good to bring also further properties into a freieconomy. Silvio Gesell vision was not just having a demurrage. There was also land property and so on.
  4. [FreiExchange] - News and Updates

    Manna coin? Sent it in.
  5. [FreiExchange] - News and Updates

    Testing it... needs a few more buttons to make it easier to understand and use.
  6. MANNA?

    I think demurrage is the best way to fund / distribute UBI because it can be decentralized efficiently unlike other systems that require more effort and planning. I wish FRC did exactly that. Maybe the simple solution would be everyone who has a wallet / uses the coin gets UBI a capped or set UBI based on what is available from demurrage. Of course some has to go for transactions / miners but a UBI for users of the Kria makes sense to me. The 80% the foundation holds should also be a UBI if you ask me. But hey that is complicated now given the tax issues.
  7. Earlier
  8. MANNA?

    yes, i agree, that in an system with price inflation people have to argue for higher salaries to get more or less the same while a stable currency or a demurrage based currency prices may stay more stable, therefore employees don't need to argue to get inflation increase of their salary. To the other part, lower wages must not lead necessarily to less productivity, or higher prices, most likely its the other way round, lower wages would lead to more employment, because less cost and lower prices, because less money too spend (not counting the money inflation itself). What an UBI would change is that more people would have access to money, therefore the money would not that much accumulate in certain regions / people, therefore salaries are expected to be more even in regions / city / land and globally (also it would even out between poor and rich communities). I think in the end the UBI should not be financed completely from the demurrage or money inflation, instead it should be financed from the rent on property (stocks) as described above (see former post). To the UBI itself, i dont know if it is good to give all the money out for nothing. I think we must make experiments what is the best way to give out the money. For sure people must have a guaranteed access to money, so that they can take part in the economy if they wish so. Different possibilities to distribute the money could be for example: 1. Direct without any conditions 2. Require to do certain work 3. Give as bonus for buying products (see freipay project) 4. give as bonus for certain investments / credits (see freiinvest project). Because its the easiest way i think its good to start with 1. and then slowly add / test other methods. To demurrage or inflation: Currently i think the best money system would be with neither demurrage or price inflation. Just take a stable currency as described in the post above. In the beginning if the economy of this currency grows there is to be expected lot of money which must be generated to guarantee price stability. Part of this money could be used to buy stocks / coins / property and then rent it out (for example on the blockchain itself). This rent is then used to guarantee that all people have a fair access to money. In case of price inflation, the rent could be used to buy back the currency and therefore stabilize the prices.
  9. MANNA?

    Thank you very much for your reply, i also see the effects you describe but i'm really not sure if adding a basicincome (or QE4people) -like many suggest- can do the trick alone. Because if it does i really could save my time and stop working on Solidar and Freicoin, because Manna and Circles are much more popular. My observation regarding inflation is that most people don't want to argue with their employer about a higher wage only on the basis of inflation (because especially in our fiat money system its hard to measure), so demurrage (stable prices) makes it much much harder for the employer to push wages down without reason and make the discussion fairer. Most people want to work and with a basicincome (+inflation) people will work for less. Im afraid that this inner need could and will be abused and will lead in the end to lower wages and less productivity and therefore higher prices and lower buying power of the ubi. People will than demand a higher ubi what will only cause more inflation and make payed work even less attractive. In my eyes its a downward spiral leading to the opposite what ubi is naturally for. Giving a basic income to those that our money system abuse. I like really to make things as simple as possible but i still believe that ubi alone is not enough to make it work. Do you understand my point about inflation? Rik
  10. Draft - Freirepublic

    Stellar would be an example of such a protocol. However see this paper from IBM's research division about the failings of such proposals:
  11. Draft - Freirepublic

    Hi Mark, thank you for your answer! Just for my understanding. what is the difference between self-organized byzantine fault tolerant consensus algorithms and for example stellars federated Byzantine agreement (FBA)? Another question is, is there a need to have a perfect system from the beginning, or could we start with something good enough to work, and later evolve it further if we have more resources? For me it looks like dashs, stellars and ripples consensus system is good enough working to distribute and transfer tons of money proofing with each day since years now.
  12. MANNA?

    Hi Rik, to inflation vs demurrage and the above article. What is currently happening / not happening in the system like wage increases cannot be compared to a system which distributes the newly generated money directly to the people. I'm not so much talking about basic income, im talking about fair access to money. Currently the newly generated fiat money accumulates with few people because it is generated by giving out loans and by directly buying stocks and properties. But simply giving out new loans does not increase the need for new products, because the money goes only to few, therefore does not increase product prices or product demand (except stocks and property prices), therefore does not increase salaries. It even reduces the product prices, because currently there is low interest on loans, therefore the cost of a product which comes from interest costs (currently around about 1/3), reduces, therefore we don't see much rising prices even with the money supply drastically increased. This is the current system, another system would be if the newly generated money goes directly to the people. In this case the purchasing power of the people will increase, therefore the prices will increase or more products will be asked for, therefore companies will be required to hire more people (except the automation is too much influencing already) therefore the wages will increase. This would be totally another system compared to the system described above. Yes in this system there will be an inflation in the long run, but if the interest is near the inflation plus a certain risk for not getting the credit back, then this system could function for eternity, because money would not accumulate that much (not considering other tendencies that lead to money accumulation like property / stock income, thats another story that must be solved in a fair system). The question is now, what is the benefit from a demurrage, vs inflation, vs fully price stable currency. Demurrage would in the long run keep the product prices more stable, while an inflation based currency will increase the name value of the products slowly according to the inflation. Therefore demurrage based money would be a slightly better unit of account, but this accounting effect could also be easily calculated in if you do accounting. Using paper money in an demurrage based system could be tricky. Another difference of demurrage money would be that salaries would not be by default inflated, therefore employees would not need to bargain to increase their wages each year to have the same after inflation. Inflation based money would once in a while have to get rid of some zeros, while demurrage based money could have the need to add some zeros if the production grows. I think the most fair system would be if the inflation is equal to the production / economy growth, in this case there would not be an price inflation at all. Newly generated money should go directly to the people so that they have fair access to money and directly as zero interest loans to small / medium enterprises, and to buy properties (see below). In case of an price increase the money from the loan payback could be used to reduce the money supply and therefore guarantee a stable money / unit of account with aimed 0% inflation or deflation. In this system, money itself would not accumulate through interest. Of course accumulation of money / property through stocks and properties must be still fixed to have a fair system. This could be implemented gradually through using newly generated money for buying up property and stocks. This property and stocks can then be rented out for X% with X guaranteeing that all people have fair access to property. All other taxes, except for environmental / guiding taxes like on chemicals, drugs, advertisements, harming products could be abolished step by step. The system itself would be self balancing, so no need for inheritance taxes or income taxes. Thats it, hope not too long
  13. Draft - Freirepublic

    Arcurus, if you want to advance the idea of freirepublic / republicoin into production, I would suggest finding a way to fund research into self-organized byzantine fault tolerant consensus algorithms with rigorous formal proofs. This is the missing building block that would be required in order to have UASF-mandated use for subsidy towards specific causes in freicoin. To be clear, this is not me asking for money. I'm actually not a BFT researcher and am overworked as it is. Rather it is a necessary technology that must exist for this idea to be safely deployed, and something which (despite a lot of similar-sounding noise) isn't really being researched right now by credible academics. I would very much like for there to be research into it, as using the freicoin subsidy for other purposes fixes a lot of long-term incentive problems.
  14. MANNA?

    As you can see here: Inflation does not lead to higher wages. That means the prices rises but wages don't. The incentive to work will be even lower than in our fiat money system. Manna and circles will both create <1% super rich (early adopters) and a very small middle class, that will work for the rich. And the rest will live on basicincome. What will only be sufficient enough to provide the basic needs. The "dirty" and hard work would be done by those that have the intrinsic wish to help but this additional work won't be paid. To me such a system is not fair because those that have no inner need to clean and to repair things will profit from those that have. A society would be created like a big cooperation, where you can be as good as you like but receive no higher wage. Its ok but it still prevent innovation from happening because there is no reward to those that innovate. So Manna and Circles are easy to understand but without demurrage they are not sustainable long term imho. What does anybody else think? Rik.
  15. [FreiExchange] - News and Updates

    Hi everybody, i made a small app where you can check the prices of the different coins. Sourcecode is not online yet. But i will post as soon as possible. Rik FXchecker[1].apk
  16. MANNA?

    Yes, they have a nice concept. But as i mentioned i am not convinced that it is adorable, since they use inflationary money with some of the same problems we have in our modern money system. Inflation still justify interest what will still concentrate money. Though it is a little harder to concentrate money (the decades until the total collapse (like in the 1920s and nowadays) could increase. The problem will stay the same. Inflation will create ever growing prices and makes it impossible to track if a product is costing more than the UBI inflation or not. That alone makes it easy to manipulate and concentrate money within the hands of the few. But hey people understand inflation, they do not understand demurrage, so maybe we need another generation of war and suffering to get from inflation to demurrage.
  17. Freicoin Mining Calculator

    Thank you
  18. MANNA?

    By the way Bick, we have allready a Manna forum since long time here, the name is just outdated (Manna was formerly Grantcoin)
  19. MANNA?

    i guess manna will reach this year already 100.000 people if they manage to scale up to the demand. Only thing i worry about is, that they have a similar problem like we have with with the Freicoin Foundation. Currently their Foundation holds a big part of the available manna (true market cap must be so 100 million already). Also the current manna wallets are on a centralized server. both could be hacked.... Of course with one exchange currently its easy to make the hack undone, but would destroy some trust...
  20. MANNA?

    Fedde said he wants to add Manna... I like manna very very much. Currently They are the leading basic income currency. I hope that Fedde will add Manna soon, i think Manna is very promising, except we finally manage to start our basic income project Manna currently has only one exchange, if we add Manna now we could make freiexchange to the most liquid manna exchange! All the good, Martin P.s.: Im in contact with some of them, and they seem to be very nice and welcoming! Disclaimer, im for sure invested currently in Manna
  21. Freicoin Mining Calculator

    Zexy site! Donate: BTC 16BghZgtoh9hmifLskv1Jtec46abQZ1Kp , FRC 1KQ4z7mRxLPhPAzcZTnUPCPHLC67B8h2Hr Dr. Reza Erfani, P Eng. Dr. Erfani is a professional engineer with 11 years experience in design and management of heavy civil engineering works as well as a specialist in applied statistics. Primarily from his PhD work, Dr. Erfani has expertise in advanced probabilistic modelling: cluster analysis, multivariate statistics, Monte-Carlo simulations, reliability analysis, and extreme value estimation. Dr. Erfani founded Stats-Tec to continue his passion of studying the world through modelling and analytics. He has also contributed to the crypto-currency community and won the Freicoin Alliance Bounty for implementing the demurrage fee in a Freicoin block explorer. With an analytical mind, a strong background in computers and mathematics, and years of professional engineering experience, Dr. Erfani can deliver innovative technical projects on time and on budget. "The beauty of statistics is in elucidating underlying phenomena" Stats-Tec provides services in: blockchain analysis engineering climatolog
  22. MANNA? I got some manna did you get some manna. Is Manna on our exchange?
  23. Freicoin Mining Calculator

    So I got a website on crypto currencies that has 3 pages dedicated to Freicoin. Or maybe its a Freicoin website with a couple extra other pages. It's my first foray in website programming, so its could use some improvements over time. it features: 1) News feed 2) Cryto-currency interactive statistics 3) Multicoin coin trade optimizer 4) a Freicoin mining calculator 5) grouping of Freicoin public keys 6) Summary of Freicoin Foundation transactions Currently, the Freicoin database is not updated automatically, but with MYSQL dumps. The website is here:
  24. Freirepublic could be really what makes Freicoin different to other coins. I would do it for example like this: Implement Freirepublic in a second layer like for example dash does it. Second layer could look like this: A part of the block reward + fees lets say 80% is distributed according to the votes. (can be phased in starting by 20%) To vote the demurraged coins are used. You can vote pro and con for a project. Each month the X top voted projects receive coins relative to the amount of votes (pro-con) they received. Enforcement could look like this: Demurraged coins can be used to vote pro or con a sentry (masternode). Top X (pro-con) voted sentries (masternodes). each month are added for at least one year. Each sentry (masternode). has votes according to pro votes - negative votes. Max number of votes per sentry (masternode) can be limited. Sentry (masternode) get Y% of the mining reward (can be phased in starting by 20%) Consensus is reached over a valid block either like in dash or like in stellar. If layer two fails, fallback is layer one like in dash. UPDATE: one thing i would add: Votes count 100% after one week time period 1/7 after one day. After one year votes are not valid anymore (phased out in one month). UPDATE: I was thinking about the enforcement. In away we could start without having something like frei / masternodes at start. At worst it behaves like all goes to the miners if miners block votes therefore at worst we are there where we are now. In case of vote blocking through miners. A single tool which tracks vote censoring should be enough to reject blocks from miners that dont include known voting transactions. This could be added as softfork later if needed.
  25. Hi all, I was thinking the hole night about what would be the easiest way to secure the network. What you think about the following: If there is no known chain split a block with 6 confirms is considered as final / not reversible. All colliding block will be rejected by the node (soft fork). Further it could be advanced like that: There is no difficulty target anymore that a block must reach. instead the longest chain is the chain with the most work (not blocks like now). A node propagates only a block if number of blocks is smaller or equal to number of targetblocks. With number of target blocks is: (currenttime - timefirstblock) / targetblocktime With this, mining centralization is not that big issue anymore, because the next block is in most cases well known in advance. Also difficulty jumps / hash attacks are not valid anymore, because there is no difficulty algorithm to attack anymore. Forexample: Lets say the chain has 6 blocks already and targetblocks is 6 currently. No node will propagate any block build on block 6 until targetblocks reaches 7. Miners will therefore not try to mine on the last block until targetblocks reaches 7. Therefore miners will try to replace the last block with an higher proof of work as long as it is economical valid. In average the blocktime will be therefore perfectly the targetblocktime. No diff alg needed anymore. With this target blocktime could be reduced to 1 minute or even less. Block header propagation takes seconds to reach all miners, in most cases the next block will be known long before these seconds. Further to make it much more harder to redo blocks time stamp based block weighting could be added as soft fork: For example: Each node tracks when he received a block. The work of each block for considering the longest chain is calculated: donework * (timesincefirstseen - timelastblock) Only the last 6 blocks matter, because a block with 6 confirms is seen final (see above). With this a block that is seen since 2 minutes has double the weight then a block that is seen since one minute. Normally block headers in Bitcoin reach all mining nodes in seconds, so differences in block timings should not be that big. Summary: To have a secure block chain not necessarily proof of stake is needed. With the above in place in most cased a block with 6 confirms can never be undone. Blocks are expected to be generated in a perfectly stable blocktime while at the same time reducing the benefit for miner centralization. Therefore block-time could be reduced drastically so that 6 confs could be reached in minutes and therefore blocks / transactions be final and secure.
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