Rik8119

Correct, of the 20% demurrage 0.02% goes to miners and 19.98% to the basicincome fund. Merged mining only has to do with how the new blocks are found, not with the reward.

The Solidar Bot can now be connected to a telegram account.

Just send our telegram Solibot @solidar_bot the message: "id". Take that id and post it with the command telegram: "telegram id" to our facebook Solibot. Then you can chat with the bot in telegram like with the bot in facebook messenger..

23 hours ago, magius said:

I still need to understand in deep how Freicoin works, so perhaps some of my assumptions could be wrong 

As I understood the generation of coins in Freicoin happens in the same way that in Bitcoin, through merged mining in p2pools.

IMHO Basic income has to be continuous and fixed. I red that is programmed to cut it in the future, to pay miners.

Imho a not fixed basic income may have an effect on system credibility.

Is there a relationship expressed by an algorythm between the amount of coins' generation, the amount of basic income, the demurrage rate and the number of network members?

 

Hi Marc, it sound a little like you are mixing Solidar and Freicoin. Freicoin has no merge mining, all new coins are now distributed to miners and there is no basic income in Freicoin. And yes a not fixed income has a bad effect on credibility.

Solidar has an 99.9% distribution to the basic income fund and 0.1 % to miners. However this can change when price rises (miner reward may schrink).

And the 10 Solidar is now enough for something like 300k users if there are more users some day in the far... far... future the payout will be reduced. (4ksat /month is the amount for 8 billion humans -for example).

To make a rough calculation for the mined coin supply it will look something like this:

mid next year: 162 000 coins

in 2 year: 130 000 coins

3: 106 000 coins

4: 88 000 coins

5 81 000 coins a.s.o.

So quite some gross deflation in total.

Additionally i will add the possibility do give the internal bot transactions a message so merchants can link those transactions to a specific sale.

The Solidarbot is planned also to be active on Telegram and Whatsapp. It is planned that you create a user account with the facebook bot and then use the bot to link your Telegram id to the bot in Telegram, so he knows you are using this app also. In that way you do not need to install the messenger on your phone if some other is already installed.

Ok, i found someone from italy that already organized some meetings for freimoney projects in italy and agreed to take care of the homepage. If you have any suggestions feel free to bring them in.

i was thinking of something like this (sort of with a kria).. Kria to the moon!

14 hours ago, Skaro said:

Is there something that can be done so that the blockchain cannot be copied with a hardfork like BCC? It seems to me now, BCC has proven that Bitcoin is not a trustless system. Am I wrong in my perception of this? 

 

But I realize I am asking to make a hardfork that won't allow hardfork ...

Of course there is a solution to that, its called: closed source! Just add some stinky unnecessary features that makes it impossible to read the blockchain without your client and you got it... But that was the world before Bitcoin, so i guess no one (well, excepting Roger and Jihan) wants to go back there..

Its not a bug, its THE feature!

And yes, you can still run the software from 2009 and refuse to update. But again who wants that? In the end its a consensus that is reached by following the chain with enough marketcap to make it work..

Hi @Mark Friedenbach, thanks for your commitment to the coin. And thanks for bringing up your ideas, i just dont see why we need a further inflation when the foundation is gone.. The foundation was thought to give the coins into market participants, now they are thrown direct on the exchange. For miners it is maybe great short term but inflation on top of demurrage really makes no sense to me and most likely scares of investors. Of course it was planned like this from the beginning but i didnt understood it in the first place ;).

But ok lets save this for another thread and let the foundation coins burn as a first step to be continued...

Hi there, @Adilado has already pointed out that a cool website is very useful to promote a coin, so i am looking for someone who can help me to find a good theme and set up the site the Site Solidar.it is under construction atm but i wanna make it look great again ;-). Maybe someone has some idea or links?

@jtimon Ah, sorry for me i now see why its a softfork. The blocks are still accepted if the miners are payed less, so no need to upgrade..

GURLS & GUYS, i have to say: BTC looking very bullish atm IF it breaks ATH the next week we will see an Altcoinparty like never before, fasten your seat-belts and hold your keys tight, its gonne be rough... PURE PUMP!

Shocking 1.2 bln people are living on 2$ a day.. With a SLR price of 30 000$ we could pay everybody on the world 60$ basic income! #double #keepdreaming!

http://www.twodollarsaday.com/

2 hours ago, Bicknellski said:

Will try and test this weekend.

Thanks a lot, dont forget the correct wallet ist linked here:

2 hours ago, Bicknellski said:

Have to say... I am giving up. LOL! I never was able to get the blockchain updated. Why? No idea.

 

Welcome to the worlds 1st super computer on the blockchain!

But hey @Adilado , if you find someone that does the site i sure will throw some of my on SLR at it ;-)

Somebody should draw a meme with a Kria wearing an astronauts helmet on the way to the moon... ;-)

1 hour ago, Skaro said:

I recommend option 4 be regarded as the community's choice.

 

Agreed.

@Arcurus POS is surely useful to keep the coins from the exchange what is artificial demand that is created. But Demurrage is to encourage the stakeholder to lend their money for zero interest, POS is doing the opposite.

I know that you want the currency to be some sort of governmental structure (perform lending and distribution -which is a honorable idea) but i don't see that it is doable. And with so many different ideas in the pipe i think it is better to build a bank that is doing the social lending and some charity that supports social organizations (both then are not part of the currency) just to keep the currency simple.

It was also hard for me to internalize that Freicoin is just Bitcoin with demurrage but thats what it is, I offered the community to further develop the coin but there was no consens, only more fresh ideas. So if one wants some redistribution mechanism (Yes, "The community" did develop some other distribution mechanism -UBI) one may want to think about switching to solidar and not being harsh with the devs ;-).

Btw @jtimon i still dont see why reducing the mining reward is a soft fork since coins from the high mining fee chain wont be valid on the low mining fee chain.

LOL, absolutely. I am very good at reading.. Yeah it will lead to some selloff but that's ok because when the price stabilizes the freicoin in your pocket should be worth the same.. And although it is a little work, no change to the code is needed...

@jtimon yes i know that atm we follow what was planned all along. But the idea was, that if we have a stable coin supply and miners are already payed for their service why to pay them extra frc that is only used to inflate the price and discourage investors (in the end they pay for whatever freicoin is used for). So cutting the mining reward and only having the coins in circulation that are already out there was the idea some of us developed and which requires a hf.

That also means that most of us wanted the foundation funds to be destroyed, or maybe better

Option 5: to distribute it proportionally to all freicoin addresses out there (doesnt require a hard fork then).

We have to wait for @jtimon to talk to @Mark Friedenbach as far as i know they togher have the keys and the users for github..

Old programmer problem, bad communicaiton ;-) after some block (e.g. 200 000) the mining reward (max coins) is devided by 5 each block. Thats all ;-)

For more transparency here a short overview what the supply of Solidar was and what it is now:

Initial distribution phase (Blocks 1- 25k): 20 000 000 Solidar mined. 19 800 000 association coins for UBI/Basicincome and 200 000 Coins for miners. Mining rewards reward till Block 86000 1% = ~0.73 coins / Block. Mining reward now: 0.1% = ~0.073 SLR. That means during the next ~10 years coins available through mining will decrease from 200 000 to 20 000 coins.

Coins that were distributed by basic income were only a few hundred by now, so negligible. All bounties were payed from my personal wallet. Main supply is coming from mining atm but of course i hope this will change, so we increased the monthly payout to 10 SLR/capita. But atm there are only a handful recipients.

Many greetings Rik