I tried sending some WLC from my laptop to my phone. Nothing arrived although it is confirmed sent.

Quote

Status: 61 confirmations
Date: 6/7/2016 09:03
To: Phone WLC 1D4y5A9aKCWZVP6jx6FehKcNvKEQWJmL6i
Debit: -1.00749102 WLC
Transaction fee: -0.00000000299775179737639529556319717527858527835831855059531426112155921010339436338920648950079339556396007537841796875 WLC
Net amount: -1.00749102299775179737639529556319717527858527835831855059531426112155921010339436338920648950079339556396007537841796875 WLC
Reference Height: 58705
Transaction ID: b1672ce455cb22407773e7fee79a65fc19d156883ee26d36e3430ffccdae7cad

So it is not working properly on my Samsung Galaxy Note 3 Android.

Done the install.

World Lead Currency:

1D4y5A9aKCWZVP6jx6FehKcNvKEQWJmL6i

I have the old one installed and received 1 WLC today from you right? But there was no return address.

Ok I will install the new one on my phone this weekend and get back to you. 

Got 1 WLC... Where to send it back to you for test?

I have WLC wallet already. Do I have to update to help?

Nice progress Rik. I hope we appreciate your efforts properly.

Yeah that should a standard for all bounties including the seeds.

Situation: The current p2pool code for Freicoin doesn't work or is buggy. https://github.com/freicoin/p2pool

Focus: The Freicoin Alliance is willing to pay a bounty for this to be fixed so we have a working version of the code that people can use to create p2pools for Freicoin.

Response: A paid bounty will get this resolved faster and provide more opprotunities for others to create pools that smaller miners will use to mine Freicoin.

Evaluation: If we have more pools less chances longer delays between blocks.

I need the FA members or concerned forum readers to comment on the bounty and what it should be so that we can get someone to do the work on the code. Please comment below.

13 hours ago, Skirmant said:

Hey guys, I updated the seed nodes and added Vircurex exchange rate like fedde asked me to.

Download is here:

https://github.com/FreicoinAlliance/freicoin-wallet/releases/tag/v0.2.1

Thanks. We should do another bounty for the P2Pool as well as the code for that is messed up.

https://blab.im/vortex-bitcoin-news-20

Well noted. Thanks to Molly and thanks Arc for taking on the task.

 

Yes I will take the idea and repost elsewhere and take orginal post I had and rework it.

We should use FA funds to do rentals. If we can sell off some FRC on Vircurex and use it for rentals that be great. 

Is using Fed and Fabs a problem at the rental side or the Fed and Fabs pool side? 

P2P FRC pool not a bad idea but be nice to put back in to Fed and Fabs pool as well.

We can certainly work together and share rentals and divide FRC up among us that way Kieran you don't have to be 100% on top of it when you are working rest of us can pick up the work for you.

On 11/5/2015 at 4:16 AM, jtimon said:

The last sentence of the paper: "We showed that by depending only on resources within the system, proof of stake cannot be used to form a distributed consensus, since it depends on the very history it is trying to form to enforce loss of value."

That doesn't mean that proof of stake cannot be useful for other things different from securing the chain (for example, republicoin).

About rebasing...it's not just about getting "neat features" from bitcoin upstream. It is also about getting important security and privacy improvements. For circulation, we have demurrage: the donation matching is only about initial distribution (instead of using all the seigniorage as subsidies to miners), and also about experimenting on ways to distribute the 5% perpetual seigniorage (that comes from the demurrage) in case that turns out to be too much subsidy for miners. I mean, if matched donations program can also help with development, adoption, etc. why not use it like we're doing? But the initial concern was not giving it all to miners as subsidies.

Can we look into the possibility of having Foundation funds and part of the transaction fees after initial dispensing of the coin to be LOANED out at 0% or at negative interest as micro credit for people in underdeveloped countries?

Kiva style:  https://www.kiva.org/

Kiva Microfunds (commonly known by its domain name, Kiva.org) is a 501(c)(3) non-profit organization^[2] that allows people to lend money via the Internet to low-income entrepreneurs and students in over 80 countries. Kiva's mission is “to connect people through lending to alleviate poverty.”

15 hours ago, Arcurus said:

great news! Thx to Fedde we have now 9 Terra Hashes more to bring down the difficulty.

That should least to at least one block per hour

And in around one week we have some more mining power behind Freicoin

So Bick, now we can start with your school project!

As I mentioned via email I am ok with starting but it will have to be after the 12th of May the students are deep into examination preparation.

21 hours ago, Arcurus said:

1. Get the initial issuance of 100 million Freicoin completed at required 10 minutes per block.

can you please outline?

2. Set a mining benchmark so that transaction rates are 10 minutes per block.

what you meant with that?
3. Keep Vircurex price stable and higher incrementally as our go to exchange at least until our own exchange is working properly then we move to it.

yea we are already doing that now until this block time issue is solved

1. I think we should as group in the FA work on getting the remaining 5 million coins mined so we then are in situation where rewards are transactional rewards. We should work towards the 10 minute block time as the base.

Step 1. Get as much mining as we can on the network for FRC until we mine out the remained 5 million coins.
Step 2. Adjust mining so that we as group try and maintain the 10 minute block time if we can.
Step 3. Discuss with Mark and Jorge about the mining rewards after initial issuance is complete. I do not want the Foundation to receive anymore FRC after this this happens. The 80% they have at that point should be recirculated out of Foundation hands as soon as possible or put in a credit union dispenser or universal income etc. It should be self regulating system without the need to have too much human decision making. I see a credit union that people can deposit FRC, loan FRC at 0% and some of the transaction fees can help with the offset of the 0% loans or deposits.


2. We need to get as much power on the network so that our efforts keep the coin at 10 minute blocks. So that there is a basic mining going on at all times.

3. Vircurex is not going to last very long I suspect we need to be very clear that we could lose it and our BTC / FRC so as much as possible we need to keep trading but only in so much as we are willing to lose individually or as the FA. We definitely need a new exchange. Friexchange.

Time to discuss this project again.

Can we get a meeting of FA people interested in mining idea?

As for getting more Miners that is a good plan we should work on the following.

1. Get the initial issuance of 100 million Freicoin completed at required 10 minutes per block.
2. Set a mining benchmark so that transaction rates are 10 minutes per block.
3. Keep Vircurex price stable and higher incrementally as our go to exchange at least until our own exchange is working properly then we move to it.
4. Get others to use our block explorer and exchange as the go to ones so we can avoid closures or de-listings.
 

I emailed Coinplorer as well no change yet.

I think we need to make sure any of these well know information aggregates for crypto know the changes.

We have to get market cap site to use our explorer some bad info on coinplorer is used by market cap.

Ultimately we need to be the default aggregate for all information going out on FRC.

https://coinmarketcap.com/currencies/freicoin/#markets

Available supply is more like 19,000,000 FRC vs. a total of 95,000,000 in circulation. 80% is foundation unused and 20% in use. That available supply is inaccurate.

 

Vircurex Announcements

What these two things are showing us in the FRC community is the end of FRC if we can't get things either in our own house created like block explorers, exchanges but also how the smaller coins are being systematically ignored. I think this is for good reason given that the effort to maintain information for coins that are weak exceeds any revenue or potential problems they may cause.

1. FRC has very low mining power and is easy to attack and manipulation.
2. FRC with a small base of users will have no viable reasons to be included in block explorers that use ads to generate revenue.
3. FRC will eventually be de-listed on Vircurex the last exchange to have FRC. Further Vircurex is likely to shut it's doors as its own volume in BTC trading is low and out of step with larger exchanges on BTC price.

The ways we try and promote FRC are going to be cut off and at some point we will not be able to even get into a position to reach any coin users because the places we want to use will not have us or they will cease to exist.

We will need a better longer term strategy beyond building our own exchanges and explorers for the coin. How can we get the coin moving forward and noticed and used or useful? Those are questions we need look at.

I suggest having a close look at successful coins that were launched recently or within the past year or two. See if there is anything in that which could be used by us to get things moving forward instead of letting the coin die.  http://cryptocurrencies-review.toptenreviews.com/

Cryptocurrencies: What to Look For

Cryptocurrencies use a number of different algorithms and are traded in different ways. Here are the main characteristics that you should consider.

Market Capitalization and Daily Trading Volume
A cryptocurrency's market capitalization is the total worth of all coins currently in circulation. A high market capitalization can indicate a high value per coin or simply a lot of available coins. Perhaps more important than market capitalization is daily trading volume: the value of the coins that exchange hands every day. A high daily trading volume relative to the market capitalization indicates a healthy economy with many transactions.

Verification Method
One of the major differences between cryptocurrencies is their verification method. The oldest and most common method is called proof of work. To gain the right to verify a transaction, a computer has to expend time and energy solving a difficult math problem. The trouble with this method is that it requires a massive amount of energy to operate. Proof-of-stake systems attempt to solve this problem by letting the users with the largest share of the currency verify the transactions. These systems require less processing power to operate and claim faster transaction speeds, but concern over security means that few coins use an entirely proof-of-stake-based system.

Retailer Acceptance
A cryptocurrency isn't much use if you can't buy anything with it. That's why it's important to know who accepts a currency before you invest in it. A few cryptocurrencies are widely accepted, even boasting partnerships with major retailers. Most, however, have more limited acceptance, and some can only be exchanged for other cryptocurrencies. Some coins simply aren't designed to be exchanged for goods and are built for other purposes.

https://coinmarketcap.com/

#	Name	Market Cap	Price	Available Supply	Volume (24h)	% Change (24h)	Price Graph (7d)
1	Bitcoin	$ 6,924,577,123	$ 447.92	15,459,475 BTC	$ 62,472,000	1.28 %
2	Ethereum	$ 640,297,122	$ 8.07	79,302,600 ETH	$ 13,758,700	-4.19 %
3	Ripple	$ 256,951,135	$ 0.007369	34,868,679,462 XRP *	$ 1,139,120	1.01 %
4	Litecoin	$ 151,339,033	$ 3.33	45,458,351 LTC	$ 955,307	1.55 %
5	Dash	$ 39,299,136	$ 6.15	6,391,870 DASH	$ 183,053	-3.07 %
6	MaidSafeCoin	$ 34,811,463	$ 0.076923	452,552,412 MAID *	$ 421,534	-2.66 %
7	Dogecoin	$ 23,505,546	$ 0.000226	104,016,046,712 DOGE	$ 106,136	0.20 %
8	NEM	$ 14,373,630	$ 0.001597	8,999,999,999 XEM *	$ 62,437	-2.47 %
9	Synereo	$ 11,871,607	$ 0.064240	184,800,000 AMP *	$ 215,379	17.97 %
10	BitShares	$ 11,705,639	$ 0.004585	2,552,840,000 BTS *	$ 181,099	-2.75 %

Ya I agree with that assessment on what needs fixing 100% with you on that agenda and thanks for clarifying.

 

Should add a BLAB link.

As for everything else besides Joe here is my take on all this ARC?

1. I agree with most of it.

2. We have had talks and posts and what not about the foundation and plans etc however the issue for me and others who still are hanging on here is there are no plans really to change the direction of FRC in a meaningful way that would revive the coin. The foundation is a failure because there is no community to support it or have people ascend to positions inside the foundation to help support it. It isn't Mark's or Jorge's fault the problem really is there is no support. Not enough people just makes the work required to make things happen too much. I don't see the current foundation as viable with people that don't have the time to make it work and no one can join the foundation and help because of what amounts to trust / legal issues.

3. Without a real push or way to get more users into the coin or into the foundation makes the whole discussion about FRC is meaningless. I see where Universal Income is the only option to get this coin going again but if the foundation remains ineffectual or locked to new people being members then I see no real reason to get on board and support it. I mean we can as easily use the same parameters and create a coin from scratch or adapt WLC lets say and have a community controlled coin as opposed to something that is largely abandoned by what was a small community in the first place less than 30 people in total miners included.

4. Moving forward I see there needs to be a significant change in the FRC Foundation as a starting point and others need to be included in development of the coin. To do that you need a more democratic structure.

5. All on board for the FRC Universal Income Test with my students. If it weren't for 36 hours blocks we would have tested it already.

JOE RANT:

I think a little JOE bashing is in order. Given he ripped people off. I was lucky to get my coins out before he fucked off without a word. Also his contributions were marginal at best given what he did at the end. He talked a lot about growing the community. He did nothing more than cripple it given the way he left it. He should not be trusted at all in the future given he is under massive debt and he owes people in this community money he took. Those are the facts and being all polite and smiles about it does no one any good. If you steal and get caught doing it you deserve no quarter. Also he owes this community a proper apology and restitution for what happened. His weakassed excuses as to what went down BEFORE his accident is telling. There are people in this community that know full well there were many inconsistencies in his pool and how it was operated. I will let them post more about that but suffice to say people were looking deeply into his operations before he left the community high and dry.

Right unintentional.

Joe & Clark show back up after taking off with people's investment and closing his pool without any news or information nearly 2 years ago and this happens right after he retuns? Coincidence? Okay. It is coincidence.The real problem I see is not the difficulty adjustment algorithm but having nearly ZERO people in the community ZERO people using FRC.

So Arc: 

1. Which are they leaning to fix the problem Arc? 

2. Personally if we have few miners and few users of FRC what is the point of fixing anything? If they have to put in a lot of effort and time to fix it and there are literally only 7 people on the planet who use FRC what's the point?

Note we need to think about demurrage as well since we have 95 million coins in circulation now and 5 million left to go before we are done the initial distribution. 0% of the demurrage should go to the foundation in future and the 80% they hold should be cycled back into some sort of user based initiative I think it should be all given up as UNIVERSAL INCOME spread widely as possible across the planet where people need it.