Arcurus

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Arcurus last won the day on July 21

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About Arcurus

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  1. back to your original question, my preference is in this order: option 2X) add as block reward and add a softfork as discribed above - it would be in away like the current foundation except, that the risk is limited to 100K Freicoins and it can be removed / replaced easily with another soft fork. also i suggest to have a separation between developers and key holders as maaku wanted it to have in the beginning. option 3) do promised 100% matching then give equally to investors after a known time period option 4) do promised 100% matching then do destroy the coins and reduce the supply, but reduce to a rounded supply like 21 Million option 1) do promised 100% matching then destroy the coins option 2) do promised 100% matching then give out as mining reward --> i don't like at all
  2. i wish you and maaku would take part in a more detailed discussion about pos. I dont think that it's flawed, to be clear im talking about a POS POW combination not pure POS. to be more clear, im not talking about a peer coin like POS. im talking about a dash like layer two POS POW combination. yes i also think the peer coin POS implementation is flawed, but up to now i dont see a big flaw that cannot be solved in the layer two dash like POS. please take part in the discussion here: what is the alternative? proof of work as it is now means that each year 5% from that > 80% is just burned for electricity, the rest goes mostly to one who have a monopoly on mining equipment... on top of that up to now we have no good way to implement republicoin / freirepublic / any alternative coin distribution with pure pow >Isn't that what the foundation is currently supposed to do? yes the foundation was supposed to distribute the coins as agreed. Sadly it didnt. That does not meant that the idea was bad it just meant that the execution of the idea was bad. also with my proposal the amount of risk would be limited to 100.000 Freicoin and not 80 Million Freicoins. Having 80 Million hanging in limbo is like having a deathtricker in you hand. Also my proposal can be implemented as a softfork which can be easy replaced later. > the community also didn't developed any other distribution program. i see here also a clear difference of perception. in software development normally you design what you want to have, then you review the design, then you implement it, because changes in the implementation are very costly compared to changes in the design. Therefore just saying yes you can implement something, maybe we will use it maybe not, is not very encouraging especially most are not developers that can implement it at all and are dependent on the core devs, or at least on the one who is holding the key to the foundation funds.
  3. here is the root of the basic misunderstanding between the Freicoin Core Developers and the Freicoin community. @jtimon and maaku wants basically Bitcoin with demurrage plus Freimarkets many of the community wanted Bitcoin with demurrage plus republicoin i call it freirepublic, because it was at least initially not meant to be a coin. With freirepublic we could support many projects to make Silvio Gesells vision of a Freieconomy true step by step. Demurrage was only one part of it and never to stand alone (see wiki). So the question is, do we want Freicoin to be Bitcoin with demurrage plus Freimarkets. Or do we want Freicoin to use as tool to implement a Freieconomy as Silvio Gesell suggested? For me freimarkets can go together with Freirepublic / Freieconomy, they are just two different parts of the greater vision. Therefore i would suggest that maaku and @jitmon concentrate on fremarkets and updated clients, while other parts of the community concentrate on implementing freirepublic. @all please take part in answering this discussion so that we get a clear picture!
  4. can you write in words what the code does? Reduce mining reward, or reserve some part of the block reward for alternative distribution?
  5. the more i think about it the idea of having two different development teams working on Freicoin sounds really great to me. Layer is 1 / proof of work could be mainly developed by mark and jtmon if they are interested Layer 2 / proof of stake / masternodes - see dash / distributed budgeting system can be implemented by other developers independent of each other Layer two must only be enforced by the main economic nodes, therefore can change more easily than layer 1 Layer two would also allow instant and private transactions like in dash.
  6. i dont think that neither @jtimon or marc will even look into proof of stake. If you want proof of stake (combined with proof of work) i guess you have to do it like segwitt2X. secure the economic majority, then implement proof of stake like for example done in dash as layer two. then make a softfork and add it. @jtimon by the way if you want to know how a distributed foundation can be implemented in a soft fork, just look how dash does it. yes the technology is out there since years and functioning very well!
  7. doesn't sound that great to me. its basically Bitcoin with demurrage for eternity to miners what @jtimon suggested. i strongly oppose not to look into proof of stake security to the soft fork, that could be easy to implement, just add one address where some part of the block reward goes if less than 100K coins are on that and give control of the address to someone who does the job of distributing them. later we can decentralize it. simply destroy the coins seems up to now the best solution for the foundation. simply out of curiosity, where did the community fail in distributing the coins?
  8. - to the foundation, as said, as it looks now it will be completely dissolved, so no demurrage or coins will go or hold by the foundation. - it looks like the coins from the foundation will come in circulation sooner or later, at least that is what up to now most of the community voted for, so that Freicoin will have 100 Million coins total in circulation as planned. - my suggestion is to add a softfork, that somepart of the demurrage could be used for other projects, for example development, or negative trading fees on Freiexchange. If done right users will hold some Freicoins and other assets that give stable value to Freicoin. later Freiexchange can be decentralized.
  9. what do you prefer having 105 coins worth 100 dollar after one year or having 95 coins worth 200 dollar? many investors / traders look only on the graph, there having a limited coin supply looks better... technical wise, yes inflation may be easier to implement, but I guess that decision is done...
  10. demurrage and proof of stake have nothing to do with each other. you mean move from demurrage to inflation and from POW to POS.... i guess the foundation will be totally removed... but still we have the Freicoin Alliance with some donated coins... the Freicoin logo is the Freicoin bird as shown in Freicoin qt. @fedde redesigned the logo, but the client and website is not updated.
  11. with pos, i for my part see the future of crypto in at least partial POS how this can be implemented i outlined here in the forum. but i cannot make a decision on behalf of the Freicoin community. removing demurrage in Freicoin is like increasing the coin supply in Bitcoin... the whole point of Freicoin is in keeping the money in circulation. Yes this could also be done through for example 5% inflation, but this would lead to other problems.... think it that way, a coin that has a stable coin supply will at least trading wiese much better than a coin with 5% inflation... for investors i would only recommend to invest if they understand what Freicoin is about.... then they may be ready to pay the demurrage as the current investors do....
  12. as it looks now the foundation coins will be most likely redistributed through mining. but im not a foundation member, so better ask @jtimon if the people currently running the foundation will stay with Freicoin only they can answer, so also here better ask @jtimon If you want to invest in Freicoin i would wait if i where you until its clear what the decision of the foundation will be. except you want to take the bet that the foundation decision will increase the price...
  13. if you want crazy profit, better invest in Filecoin ipo. That said, yes Freicoin price can increase, but that's not the main point, the point is creating an currency based on the economic theory of Silvio Gesell / a money that is in circulation. What you mean with 5% POS? As said the foundation will soon be gone as it looks now...
  14. @soda508 have you transferred something to that address yet? If so when?
  15. @Adilado currently we need mainly help for testing Freicoin 0.9 and the new version of the Freiexchange with the 3 Million, not sure if I can help there much, i would try to place one by one 500 K orders on Freiexchange at some days even more then 800K are traded, so its not that unrealistic to buy 3 Million over one or two months. Of course you may also find bigger investors that are ready to sell...