Arcurus
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66
Posts posted by Arcurus
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14 hours ago, Bicknellski said:
How do you get a grant coin wallet?
http://www.grantcoin.org/use-grantcoin/wallets/
to sign up you actually dont need a wallet they will create one for you if you dont have one.
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On 5/27/2017 at 7:49 PM, sunicoin said:
when start???
@fedde was working on the registration process with using the forum. best contact him if you want to have the current news.
Other then that with the general development of Freicoin we have two possibilities, one is gradually improve the code.
Second is as outlined above to rebase it on new technology and learn out of past mistakes.
- sunicoin and Bicknellski
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if you want to have unique coins i would suggest to add basic income based currencies like duniter: http://www.duniter.fr/
As far as i know duniter does not have a exchange yet and has very big potential so we could attract new people.
With bitcoin having 1 dollar plus fees i would also suggest to add at least one common used currency with less fees like dash, ethereum or steem.
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what would be nice is the ability to trade dash, steem and ether.
also nice to have would be a full list of all done trades, or did i just not find them?
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14 hours ago, sunicoin said:
is freicoin died??
not yet!
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1 hour ago, Rik8119 said:
Well, telegram is also a great choice. Then we use the verification by invitation method?
I would propose Blackcoin as template (pure POS but the most advanced)..
@Arcurus what would be your deadline to start anew?
Currently im very much busy in a festival preparation that is at 12 of July:: https://www.cecsweden.org/en/
Feel welcome to come if you want to enjoy something different. A nice tending space for free on a lake is alo near by. (Thanks god in Sweden you can tent in the wild for some days).
The main concepts for restarting Freicoin i outlined already this winter, i just have to put them together.
I can write a draft for a whitepaper economically + technically. The basis is a currency system from people for people. In a way it goes beyond that, it's more about a decentralized Freination. Currency is one part of it.
I like the idea of hiring a coder very much, because i'm myself little bit outdated in coding. Neither theless I could help to code most of the algs in pseudo code. During my study time i liked to work together in extreme programming way (two people code at the same computer) very much.
The basis for the money are people. Therefore decision making and securing the chain would be based directly on people.
At worst this would fall back to proof of stake (POS) security.
Up to know the most promising POS systems I know about are the one who combine proof of work with pos like for example dash does it through using a second layer on top of the proof of work chain.
This could look like this:
- for each freinode you must deposit X coins as security
- each freinode can have Y universal dividend receivers
- each pow block organises the list of freinodes hierarchically until the next block is mined
- the hierachicaly ordered freinodes generate the next block candidate
- a transaction is marked as irreversible if 80% of the freinodes agree that it is included in the current block candidate
- freinodes can veto other freinodes with a 2/3 majority. in this case the security cannot be used for a certain time period.
The biggest question is what technology to base it on?
- bitcoin node.js
- bitcoin c++
- ripple (can be made easy to fully POS, or proof of human), has distributed exchange
- duniter (has implemented proof of human, is build on a web of trust)
- steem (has trading, decentralized platform, 100% delegated proof of stake)
- ethereum???
Currently its really hard to say which of these technologies will make the breakthrough and therefore are good to base on...
My tendency is currently bitcoin / node.js, its platform independent, easy to code for web developers, good tested
To the demurrage:
- out of simplicity reasons i would implement it purely client wise / display only. This means there is a base currency that is inflated 5% per year, but on client site it is displayed as a demurrage by default. This would be easy to implement and also very easy to use.
Switching from old to new:
- if the new code is not directly based on Freicoin we could do it the following way:
1. make a clean new start. If agreed we can exchange for a certain time the old currency to the new at a certain rate.
2. import the amounts.
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I please all to stay polite here in the forum and treat each other with respect!
Even if someone is trolling, take it like someone is in need of help because in truth he is.
Offences should not be tolerated here from neither side.
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still i got no replay from maaku, so if this continues we should consider the foundation as dead and proceed as rik suggested.
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to 2: I meant more if it is easy to bring the pools to upgrade, not if it is technical easy for the pools to upgrade.
In case we want to change some thinks it could be difficult to bring the pools to upgrade in a timely manner.
to 3: POS can work together with merge mining
out of your experience what are the downsides of merge mining so far?
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to merge mining: how is it the merge mining going with your coin @Rik8119
Is it easy to bring the merge mining pools to upgrade?
pow security in the end depends on how much the coins are worth that are being mined.
I'm still sceptical of merge merging mainly because of these reasons:
- could be difficult to bring merge mining pools to upgrade, because they are not much involved in Freicoin. This is especially true if we plan to change the distribution of demurrage
- bitcoin mining hardware production is highly centralized, so in the end its only one person who dominates it (that's in long time true for all pow based coins)
- the true security in pow is in the end the value of the block reward. Economically merge mining does not improve that. Merge mining only makes it more difficult for non pool owners to attack, so it would make it more harder to attack for a normal person, but not more expensive to attack.
- we could use the resources / time spend io roll out merge mining in implementing other things like coin issuing or a true pos based solution.
merge mining would reduce the risk of a hash dump drastically, that's in away the most benefit of merge mining.
This benefit could also be achieved through using an Freicoin unique mining alg.
To foundation issuing:
We could do as @Rik8119 suggested if the Freicoin Foundation does not wake up.
In the long run we for sure should do like @Rik8119 suggested or even better implement directly a decentralized pos or member based distribution. How this could look like i outlined allread here:
Best would be if the Freicoin Foundation gets started so that we have enough time to implement the a decentralized distribution at once.
My suggestion for now would be:
1. Continue to try to wake of the Freicoin foundation
2. Starting with designing and implementing the pos based distribution.
If it goes well we solved two problems at once, we would have a much more secure coin and on the same time would have a distributed way of issuing the demurrage.
If the Freicoin Foundation does not wake up and if it takes too long time to implement above, then we could use in between what rik suggested.
To the numbers:
I would suggest using 20% as mining reward.
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6 hours ago, Bicknellski said:
Kria back program good idea. Matching from foundation using demurrage?
if foundation goes along foundation, long time from demurrage.
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for rewarding likes i would suggest:
some amount for example 10 coins per day per verified user (similar to universal dividend) that is distributed to the likes of the user from the last week.
Optionally Freipower:
For every 1000 coins a user has on his Freicoin address he gets one extra coins to distribute for likes and one extra coin on his Freicoin address. (limited to max 50 coins).
This would encourage to keep up to 50.000 Freicoins.
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1 hour ago, Bicknellski said:
Yes this is good Arc. The demurrage should be involved in paying for things like that though... wish we could get more such things going so there are multiple areas giving out FRC so it is a different version of an kria "faucet"
ideally it would be great if we could use the demurrage for that.
practically currently we could use the foundation / alliance coins to get started.
if the foundation still happens to be inactive we could use riks changes and port them to Freicoin. That of course would be the last resort if we don't get life signs from the foundation.
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On 4/30/2017 at 1:25 PM, Skaro said:
this is real value. Let's buy and sell stuff!
we could give out some Freicoins for every buy that is made with using Freicoin.
in the beginning we could also give out some coins for buying with other cryptos. In Freicoin we could double the amount.
This could also be done manually in the beginning, like you have to post the bill in the forum and then you get some freicoins.
to be fair this could be limited per user / user group.
- Bicknellski and Skaro
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11 hours ago, fedde said:
Hope you have some social account Arc
lol, most of them i deleted, some i recreated, but i kept my diaspora account
What is about just using a list where be put in the forum name of who is verified?
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i would suggest:
- 1000 FRC for signup
- 10 FRC per day
both number will be reduced when more sign up.
- weekly or monthly report with frc address and account name
Verification:
- required to receive the frc is a small two three sentence intro text,
further requirements: a link to a post of a social media account to verify the ownership. The account should have name and picture
Optionally we could also give some interest on the FRC limited per user, to encourage holding of some coins.
Because the FRC interest is limited per is still helps to create a more equal distribution
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i would donate 50K Freicoins for a artwork that shows how some humans life to gather with nature.
- Bicknellski and Skaro
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@Rik8119 by thw way, what is your experience with merge mining and universal dividend so far with solidar / world lead currency?
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Matched your donation:
9c2f6002ade48e1790280b3f4cf6a03a4ab8df3ea98948cffbfebb0c5b8e9e90-000
added also donation of 50K to Freicoin Foundation for website and core development:
2a2dc50e210f8b673db906c3559bf05ae53ea0f7043144bc5773e5a54a5c01b4-000
- fedde and Bicknellski
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54 minutes ago, Skaro said:
And we did have the idea of something like: "sign up at the exchange and get 1000 FRC"
maybe i'm misunderstood. My primary intention was not to make a giveaway for bringing people to sign up with Freiexchange.
My intention was to give out a universal dividend to people and give some incentive to hold / use Freicoins.
That does not mean that we cannot make make a signup bonus for Freiexchange.
With promotion, currently Freicoin is mainly advertised as currency that has 5% demurrage / fee per year that goes to miners.
Until this changes i don't feel well in advertising it.
- Rik8119 and Bicknellski
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12 hours ago, fedde said:
Why don't you bounty those 400.000 have put into for this universal dividend project so maby it can be brought to life?
as said im open for suggestions.
If needed im ready to put in more than these 400.000
Freicoin Alliance - Finance and Expenditure Overview
in Freicoin Alliance Information
Posted
120.000 FRC bounty paid to 1EHMesZiLPqZvU2mVZGeYBaQvSPRUKA8yW
Transaction ID: fb8a98fc3db932f518034f305fb86043cbc62252af57a3d8755f678aa0815f62