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  1. 2 points
    Rik8119

    FAZ, Demurrage and Basic Income

    Maybe because enrich the miners is no social cause?
  2. 1 point
    FreedomCare

    Creating Envirocoin

    Every model looks naive in the beginning just like any child is born with a millions of questions. Just because the idea has not yet mentioned the details doesn't mean that it won't. Your questions are all very valuable contribution in the process of shaping the coin and it starts with an open discussion before we get closer to settling agreements. I see the complexity of the initial idea and I love the challenge it poses. You are right: should 1 square metre of desolate land be worth the same as 1 square m of fertile agricultural land or forest. I would say yes, because it is not the entry point that creates the value. It is the outcome. In other words: a certain percentage of an Envirocoin would equal 1 square metre of potential rejuvinated, reforested and preserved wildlife. We could perhaps discuss about a difference of value measured up against the cost of preservation, rejuvenation, regeneration and we could also discuss the whether the cost of 1 square m regreened desert would be the same as 1 square m revived farming land with permaculture methods. When the time is right I plan to contact permaculture farmers and teachers to merge their courses and practices with our agenda of reviving wildlife. The permaculture network is big, with many ideological people who care for the earth. They are also in favour of crypto and decentralization so I see that it is a good match. In regard to the topic of ownership I don't see any problem. It might challenge the conventional mind but any green investor would be perfectly fine with knowing that their contribution causes a good impact for the planet. They will own the coin and just as Arcurus mention 2 layers similar to how steem work I see that we could develop two groups. One group working on the part of the value that works more as a commodity and the other layer/group can work more intensively with trade/exchange and promotion so that the second layer of the coin itself becomes appealing to for exchange and trade. The chapter of controlling land use is yet to unfold but a part if the vision. We would invite qualified land managers, ecologists, permaculturists and other relevant qualified people to live on the land. At this point we will need to establish an environmental group that will work with the legal system to protect the land by law. We would need lawyers and I am even open for a kind of forest or field ranger like they have in Canada. Officials that protect the land. At that time the Nature Wise Foundation (the foundation behind Envirocoin) would be established and hopefully presented and gotten our objectives approved by official environmental entities within the gov. sectors within each countries. It's a big and complex job, depending on a lot if people so feel free to join Mr Bicknelski. There is plenty of room for everyone All the best Great questions Antonio
  3. 1 point
    Arcurus

    New logos for Solidar

    Agree with @FreedomCare. First logo is too simple, second logo is far too complicated, too many tings mixed up... I would do it similar to the Freicoin Alliance logo
  4. 1 point
    How we could use demurrage fees as transaction fees and what benefits this would bring: Theoretically it would be possible to use the demurrage fee as transaction fee. This could look like this: In an given block a part* of the block-reward is assigned to transactions as additional paid fee*** according to how much demurrage they pay (similar to coin age the transaction destroys). This could be implemented as soft fork. This would help also to reduce that transactions get stuck because of not paying enough fees. As benefit this would also increase temporally the block reward and therefore attract more mining power** if more transactions need to be confirmed, and lower the reward if less transactions need to be confirmed. This would therefore increase the blocktime on days where lot of transactions need to be confirmed and reduce on days when less transactions need to be confirmed. As side effect this would increased the capacity in case of need and reduce in case of not need, and therefore balance out the transaction fees (more easy to calculate). * the more Freicoin is used the higher this percentage could be * in practice the exact in this way assigned block reward should be averaged over a longer time period like 2 weeks * it would be good to use the log(demurrage) instead of demurrage for this distribution, this would benefit users that transact regularly. ** only if in competition for mining power with other coins *** it could be good practice to distribute the fees over the next X lets say 10 blocks, so that an individual miner has not much benefit in creating more transactions to get more fees then other miners.
  5. 1 point
    Arcurus

    Freicoin Resources

    @Skaro currently in Freicoin the demurrage fee is not used as transaction fee. Therefore yes users would have to pay more transaction fees if in the future Freicoin is widely used and the block limit stays similar to Bitcoin Core. Theoretically it would be possible to use the demurrage fee as transaction fee. This could look like this: In an given block a part* of the block-reward is assigned to transactions as additional paid fee*** according to how much demurrage they pay (similar to coin age the transaction destroys). This could be implemented as soft fork. This could also help to reduce that transactions get stuck because of not paying enough fees As benefit this would also increase temporally the block reward and therefore attract more mining power** if more transactions need to be confirmed, and lower the reward if less transactions need to be confirmed. This would therefore increase the blocktime on days where lot of transactions need to be confirmed and reduce on days when less transactions need to be confirmed. As side effect this would increased the capacity in case of need and reduce in case of not need, and therefore balance out the transaction fees (more easy to calculate). * the more Freicoin is used the higher this percentage could be * in practice the exact in this way assigned block reward should be averaged over a longer time period like 2 weeks * it would be good to use the log(demurrage) instead of demurrage for this distribution, this would benefit users that transact regularly. ** only if in competition for mining power with other coins *** it could be good practice to distribute the fees over the next X lets say 10 blocks, so that an individual miner has not much benefit in creating more transactions to get more fees then other miners. More to that we can discuss here:
  6. 1 point
    FreedomCare

    New logos for Solidar

    The old one looks too complicated and detailed. You loose the impression at a distant glance. I would drop the 3d and shading on the S. Keep the S in brighter color. Add the new handshake in the background and drop the blue and red swirl around the outer ring. Drop 3d and shadow on the ring too. I would keep the S just a teeny bit more elegant ( like as if it drawn with an ink pen or a quill . It brings movement to it). Use black outline but drop black background. Consider light colours and outline with darker ones. Thank you!
  7. 1 point
    Thanks to Magius for introducing me in this topic, and thanks to everybody for appreciating and helping. A necessary premise, is that in this moment there is in Italy a growing debate about complementary currencies and there are several proposals by political parties. The matter is that the most of this people doesn't have any idea about what they are talking, but it's the mode and so everybody must say it's opinion. The other problem is that the Faz Project is based on a theory, and for understand deeply it's working way you must to study a bit, maybe some more than a bit. The most of people, including economist and politicians, like better easy slogans to hard studies. Anyway, the aim of the project is to realize a society in which is possible to give everybody a basic income and to finance economy without interest and debt. It seems a dream but it is scientifically possible. In our project isn't necessary State or any Public administration to participate. The project that we are building in an town of South Italy is founded on a Association of a certain number of enterprises (the most are very little business) and citizens. We found out an organization of 400 business, and for starting are enough, who constitute an Association and a "Consorzio per azioni", a kind of corporate syndication in which every member cannot have more than a little number of shares. The Corporate issue the bonds at negative tax rate ( f.e. ten per cent each year) so that the nominal debt disappear up the time scheduled in the issuing. Those bonds are virtual, as all bonds, and are subscribed by the association that distributes them among the members according to defined technical criteria. A bond issuing at negative tax rate is perfectly legal and doesn't create debt, because the value at the end of the period is almost zero. The members may use those bonds and fraction of them for payment in the community. The idea is to create a rechargeable card in which is possible to have simultaneously the bond and the normal currency, so that the payment may be done using both values. For a certain time (probably a long time), the business can sell their product in Euros and bond, f.e. 50% each. That's because there are many goods that is necessary to buy out of the community, but anyway this means that the most of people may double they spending power. The theory of the project is in our web sites. The project doesn't have boundaries, everybody in the world may participate, even if it starts as a local project and in the beginning the concrete exchanges may occur in the area. Faz is the acronym of Financial Autonomous Zone, and the idea is to build several communities all around the world. After a certain period (not so long) the issuing system is automatic so the project doesn't need a governance. Members are pushed to have cooperative behavior, because it is clear that this is the best way to meet their own selfishness. It would be very interesting to apply the Freicoin /Solidar for the project. We need of course a program for system management, and it isn't easy to built. Thank for your cooperation and understanding.
  8. 1 point
    Mark Friedenbach

    Future of Freicoin

    It's time to re-start this thread. As mentioned in another thread, I've been professionally busy non-stop for some months on a couple of different projects. That is currently slated to change with my new responsibilities including the maintenance of the Elements codebase, which includes most of the new features we would like to add to Freicoin. So there's a little bit of double-dipping there. Plus since I'll be traveling less and working normal hours I'll be able to spend 8-10 hours a week, evenings and weekends, working on the basic plan outlined at the top of this thread. So let's revisit this thread. We did back-port some consensus bug fixes to the freicoin client and issued a new release of the 0.8 node software in 2015. Also included in that release was a soft-fork that changed the rules for demurrage calculation, in a way that will potentially make the client easier to maintain. We have not made good on our promise to update the client to newer versions of upstream Bitcoin Core, and that will be my first priority. The soft-fork change to demurrage calculations means that a little bit of up-front work is required to re-write those patches, but afterwards the total maintenance cost should be reduced. The call for testers still stands. We need to develop some sort of test plan for new releases that gives us some assurance we aren't releasing bad code. Any help with this would be much appreciated. Now looking at the specific features I suggested adding: This is already in bitcoin, and will be in freicoin as soon as we upgrade the reference client to a more recent upstream version. Likewise! Freicoin will get the same segwit that bitcoin is about to lock-in. Still want this for Freicoin, but: In the time since I wrote this, Jorge and I along with our co-workers and a partner company implemented confidential assets, which is an extension of confidential transactions that blinds the asset being transacted as well as the amount. This was a significant amount of work, and basically occupied 12-14 months of my professional career, as well as that of my colleagues. Part of why my enthusiasm for bringing CT to Freicoin waned after writing the above words is that as soon as Andrew Poelstra invented the necessary crypto component to make confidential assets work, it became clear that we would want to wait until this new CA was finished. Proper asset support has always been an essential part of my vision for Freicoin as it is necessary to construct other forms of decentralized money (e.g. classic ripple) as well as interesting smart contracts. Confidential assets was released this year, and made more polished in the last few months in preparation for the BC2 conference, where the necessary features for distributed exchanges were also written. It's now in a state where we can talk about brining it into production on Freicoin. This was Mimblewimble! No, I'm not secretly Voldemort, nor does Voldie work at my employer as far as I'm aware. However we were working on some similar ideas for non-interactive CoinJoin using confidential transactions and one-way aggregatable signatures. Voldemort independently invented the same tricks, and to his/her credit realized that it allowed A LOT more than just non-interactive CoinJoin. It also turns out that it doesn't have to be a hard-fork change, other than the introduction of confidential transactions itself. Mimblewimble can be implemented on Elements Alpha without any changes. However it does need some work to reconcile with confidential assets, so some basic research here might be required. It is however high priority research at my employer and I am hopeful that we can see production-ready results on a relatively short timeframe. The only other features not mentioned here are a bunch of little improvements to bitcoin script that makes writing smart contracts much easier or allows more powerful contracts. That might be a good topic for another post. Many of these are already implemented in the elements codebase, but just need some review and testing before production use. Finally, a word needs to be said about merged mining. In fact this deserves its own post and I will make one in time, but the short TL;DR is that Jorge and I differ on our views about this. Given what we have seen happen in the Bitcoin space with respect to mining, ASICBOOST, and segregated witness, I no longer have faith that SHA256 mining can be used to secure a high-value network. And as bad as the situation is for bitcoin, it would likely be even worse for a merged mined coin, as in practice merge mining sees higher rates of centralization. I think there is a strong argument for switching to a new proof of work entirely, one which is not ASIC resistant (that's a unicorn that doesn't exist), but rather tries to minimize the performance gap between high-end general compute ad specialized hardware. Cuckoo Cycle is an example of one such PoW algorithm. In any case, I'll post my thoughts regarding this in another thread. I hope others are as excited about bringing these new features to Freicoin as I am. I think the applications that can be built on top will do a lot to bring utility to freicoin as a medium of exchange for a generally useful block chain platform.