Arcurus

to the transaction balance: If i look for example on: 16qhfJtrwCvNwRBA9efqAUVoonrPPkD25y 

The second transaction happened to be 6 month later, so i would expect that the balance at that time is less than 6 month ago, because of the demurrage in this 6 month.

how to check the api balance?

Now it seems fitting. Only some small rounding errors i guess.

Very nice work!

2295.8659477235534451714

here is a little bit difference:

173rgF1WoE1d6aheAJ3C2qgyDNHgm9fm2A

2295.876895296815961835873454598406903

Vs: 2295.87470577

4 hours ago, Skaro said:

well, I meant you could check it and say 'its good'...

ah yea, sure

16qhfJtrwCvNwRBA9efqAUVoonrPPkD25y balance looks great!

One question to the Transaction Balance, how is it calculated?

❤❤❤

jitmon informed maaku, lets see what he says.

the interest is paid for just holding some coins. 

¨0,1* extra coins for each 100 coins (36,525 % interest p. year in total not more than 40 coins per day per person)¨

Above (in the beginning) it is written why having interest could be good.

If you don't like interest, you could call it also security that must be hold to get the full universal dividend.

As summary, why giving interest / requiring a security could be good:

- each person has an incentive to hold some Freicoins and therefore the Freicoins are more evenly distributed (the max interest per person is limited)

- the interest on the security encourages not just to dump Freicoins

- the security itself encourages to stay honest (in case someone cheats the security could be taken)

- it gives economic incentives to find double accounts

- it helps to start a borrowing market, because people who have lots of Freicoins can borrow to newcomers so that they can get their full dividend

- it establishes an economic incentive for lenders to find honest accounts and therefore helps to reduce double accounts.

Alternative we could do it also the following way (aiming for 100 people)

100 coins per person per day universal dividend.

50% is reserved for common good projects

For each received coin 500 coins must be hold as security. 

1000 coins for sign up.

The good thing is is balances automatically:

If more people are active, the coins per day are reduced, therefore the needed security is reduced, therefore more coins come onto the market.

If less people are active, the coins per day are increased, therefore the needed security to get the full dividend is increased, therefore more coins are needed.

For me it would be important to reach the following state:

at least 80% of the demurrage is redistributed other than mining (or the equal amount of foundation coins)

80% of the demurraged coins is round about 300K per month.

per day this is round about 10K

With 1000 persons this is 10 coins per day.

If we aim for 100 people to have it running this would be 100 coins per day.

I think 10 coins per day is a good starting point if we aim for 1000 people. If we have less we can increase it, if we have more we can decrease it.

If we want to encourage holding some coins and supporting projects we could split the 10 coins up the following way for example:

1 coins per day per person we could use for universal dividend

4 coins per day per person for interest on coins (limited per person)

1 coins per day per person for supporting projects

4 coins per day per person for interest on coins (limited per person) for supporting projects

So the question is, should we aim for 100 people first, or for 1000 people?

And should we give interest on coins or not?

If we have 100 people we can remove the coin per day slowly.

The goal should be to bring a big part of the demurraged coins back in circulation other than mining.

To Bick from nothing comes nothing, somewhere we must start.

Therefore i suggested to give some interest on coins limited per person. With that people could start borrowing each other to get the interest. This will also help that the coins are not just dumped.

Initially we could use BTCs to give the coins some value. If we do it right, and we can share the vision with the people and give some incentive to hold some Freicoins, we could get it started this way.

With 5% coins to distribute we have 5 Mille/12 >= 400.000 coins to distribute each month.

If we aim for 100 participants at the beginning for the universal dividend with 10 coins per day we have 30*100 * 10 = 30.000 coins per month.

This would be less then 10% of the demurrage. Therefore currently i would not aim for less than 10 coins per day to start with, so that we distribute a significant amount of the demurraged coins per month.

To use Invitation is just an idea to make sure, that the number of double accounts cannot increase drastically. Maybe it's enough for the beginning to start with phone verification.

With the amount of coins: I would prefer to give out the coins on a daily basis. The welcoming coins in my proposal is equal to 100 days. 

Hi rik, i managed to bring .configure to run for 0.9 but got stuck while compiling it.

Fedde opened now an issue for that on github:

https://github.com/freicoin/freicoin/issues/27

Jorge said that he will look into that, so i guess its best to wait until we get some feedback.

For bringing .configure to run, i had to follow the instructions of the build manual for unix and install all the dependencies mentioned at the bottom of the file, like the Database library and the boost framework manually. But now i got stuck during compilation.

If you want i can help you on unbuntu to bring the .configure to run. For the other issue i guess its best to wait for response from jorge or maaku.

yes jitmon said 0.9 is long long time ready to be tested.

After talking with fedde how important it is to fix p2pool i put it up higher in priority. Who ever wants to lay his hand on that feel very welcome. If needed we can also set a bounty for that.

After talking with jitmon: 0.9 is ready to be tested and community is more than welcome to test. If needed we can also set a bounty for testing. 

I managed to reach jitmon on twitter:

for the giveaway, I would prefer that is done through the donation matching program, just another project with 100% matching or something, but that's my opinion

1 Std.vor 18 Minuten

 

rewarding rebases, absolutely, I'm already doing some preparations for 0.14 and 0.13, but mark did a rebase to 0.9 and that's has not been tested or reviwed yet

I wasn't able to compile it myself

1 Std.vor 16 Minuten

 

but it's there, moving to 0.9 would be an important step in the right direction but we really need more help with testing from the community

1 Std.vor 15 Minuten

 

for me it's easier to use irc and the mailing list but I will look it up. Please remind me if I forget again

1 Std.vor 13 Minuten

 

I'm on vacation without the computer but I will make an account if I don't forget

sorry that we're irresponsive often

1 Std.vor 10 Minuten

 

I neverreally paid much attention to th new forums. Nothing against them, just many other things to do or get distracted with (like bitcoin drama)

1 Std.vor 9 Minuten

 

oh yea the bitcoin drama

15 Min.Gesendet

 

 

moving 0.9 sounds great, just inform us when and how we can test, at best in the forum once you are ready.

with matching to start with we are fine with that, as long as the matching is happening.

6 Min.Gesendet

 

 

since some years now the matching from the alliance funds is only partially done. We could start the giv the alliance funds if the matchings are done. At best every month to have matchings would be great

4 Min.Gesendet

 

 

i guess that would be enough for now, just once a month matching and some sentence once a month how is it going with the client update and what we can do to help.

Diese Nachricht löschen

3 Min.Gesendet

 

To get started here a simple solution:

100 coins if you signup with email and have an invitation

1000 coins if you sign up and verify with handy (no invitation required)

1 coin per day for email sign ups

10 coins per day for handy signups.

Invitations we give out.

To get started here a simple solution:

100 coins if you signup with email and have an invitation

1000 coins if you sign up and verify with handy (no invitation required)

1 coin per day for email sign ups

10 coins per day for handy signups.

Invitations we give out.

1 minute ago, Skaro said:

How about something like: "Accept Freicoin as payment on your web site and get 100000FRC plus free advertising space at x,y,z."?

i guess we are not there yet...

What we could do is, we could give out freicoins if you post a receipt buying / donating something with bitcoin / freicoin.

11 minutes ago, Skaro said:

"Sign up and get $1000FRC!", might work well today. 

we could start with that...

3 minutes ago, Skaro said:

Oops. I missed a part. Reading at the bus stop....and I can't delete the previous comment. 

but i can and i did