Bicknellski

Re: ICO: no, as said icos are part of the motivation for destroying the foundation. You make an ico of frc for btc and then what you do with the btc? 

> a softfork that makes sure that some part of the block reward is used for Freicoin related projects. 

If we had the technology to do that we wouldn't need to destroy the foundation's coins. But we don't.

> that demurrage should be drawn from there only and not from speculators/normal wallets. 

So basically remove the demurrage feature that inspired freicoin in the first place and makes it unique. I strongly oppose this.

> proof of stake

Strongly oppose.
> The coins should be destroyed, and that it takes time to reach 100 mil is good.

Good for what? The initial plan was to have 0% inflation on top of the 5% demurrage in only 3 years.

> To be honest i think 100 mil is too much either way and its not a good number.

There's no number that's better than another. 100 M is more or less arbitrary, but less than 21 M.

> i don't see how higher mining rewards will benefit the coin, more coins means simply less price per coin.

In all the options is the same amount (100 M) except for option 4.

Of the proposed options i say 1 or 4.
The coins should be destroyed, and that it takes time to reach 100 mil is good.
To be honest i think 100 mil is too much either way and its not a good number.
28 or close to is much better and closer to Bitcoin.
But it has to work for the miners too.

@Rik8119well actually that was as far as I got. I wasn't sure what kind of effort @jtimon was wanting to make. So I'm not sure how complex the idea could/should be. But it seemed that a new wallet with POS/POW split could distribute the Foundation funds. The demurrage is still a good idea and may be more attractive now with countries legalizing crypto-currencies.With a wallet at 0.14, Freicoin becomes modern and it could literally be a relaunch with The Foundation funds for redistribution. We could even have an ico (or I guess it would be a co)... ;-)

@Skaro interested! What exactly do you have in mind?

i thought about it.
i would go along with option two if we combine it with a softfork, that allows to redistribute some part of the block reward other than mining.
In away it would be enough if the main Freicoin clients (currently this are mainly feddes nodes (exchange / mining pool)) runs this softfork, so we could change it easily without the need to change all nodes if we want to update the redistribution mechanism. 
the softfork could be that easy like this:
the main Freicoin nodes enforce that a certain part of the block reward is send to a specific address if less then 100.000 coins are on the address.
if we don't empty the address than at max 100.000 coins will hang on it. 
In the future we could implement a smarter distribution mechanism like outlined in other posts.

Until these points are met i will keep working on my Solidar project, which has a sustainable easy to use redistribution mechanism.
BTW does anyone know someone that is good at SEO? Solidar definitively needs more visibility in Google search results! Like "blockchain basic income" is ruled by grantcoin.

If this could be done it only just shifts our problems into the future: Freicoin has no sustainable redistribution mechanism, concentrating power on the miners.
The other big problem is attention. Only projects that hare some fancy new tech are recognized and make new aths every few weeks. All is concentrated on them and people cant look through all those commercials (there are now facebook adds for Ethereum ICOs), to see that 90% of these are made of hot air.. But as many dont recognize those who see it have to follow the masses to make profits.
Im totally annoyed by this system but there is not much we can do about it atm. I think what Freicoin needs are two things: 1 a sustainable redistribution system QE for people not for miners 2. Another global depression.
In the end freicoin could only be prepared (what it is not).

Maybe kick the can down the road a bit, if its possible? Move the Foundation coins to a time locked contract, spendable after certain day and/or require softfork? If not moved within certain amount of days/blocks -> destroy/redistribute/whatever.

Theres some neat technologies being built and getting realeases in the not-so-far-distant future, so could be useful to have the foundation coins for some use cases which might come available later. From what I understand, sidechains / drivechains will bring a lot of new possibilities for distribution mechanisms and other logics  

Thank you for sharing your thoughts. This is also what i was thinking.

+1 for me just having demurrage is not what inspired me to support Freicoin
I invested in Freicoin with the promise that i could use these to get donation matching to encourage to support further projects. 
i understand that you want to close down the foundation. but simply increasing the mining reward and therefore inflate the coins it not what was promised.
if you want to bring the coins into circulation do that now and not in a constant drain through mining.
i don't see how higher mining rewards will benefit the coin, more coins means simply less price per coin.
if Freicoin stays like it is now with just demurrage to miners i'm out.
 
At best i would see if the coins would be distributed as negative exchange fees. this will bring liquidity which is most important for a currency.
 
 

Realisticly and logically, Freicoin presently has no real value. It has only a few active users that only trade it for speculative purposes (arguably that's the case with most alt coins).  If any 'investor' would try to cash in their Freicoins, the exchange rate would crash. 
Also, the Foundation was supposed to put the funds in circulation in three years. Whatever social project received it was supposed to spend it. (On that note, if the only place to spend Freicoin is in the exchange markets, the social projects are no different from the miners. Until its swappable for labour or goods, any recipient will put the same downward pressure on the price. But I'm not an economist...).
So any value of Freicoin is a future event. Even a relatively small adoption of Freicoin will increase the no of transactions by 10x or 100x. Any increasing or decreasing of mining rewards has no real meaning. 
 
What Freicoin has going for it is:
1)still unique programmed monetary policy that discourages hoarding and speculation and encourages spending. Demurrage fee fixes a fast velocity of money. (And it works. People don't keep it.)
2)developers with strong CVs.
3)demurrage is a real world 1930s solution meeting 2015 technology (while people are trying to find problems for blockchain to fix, Freicoin modernizes a solution)
3) crazy guy in Norway that programs 24-7.
The Foundation was an attempt to distribute the currency in a more productive way. It didn't happen. Ethereum and Bitcoin were able to stimulate the crypt commmunity quite effectively. Some people viewed the Foundation as a con too. For that reason, ending the Foundation in a transparent easily verifiable way is an objective. 
so it's the future that counts. What ever we do with the Foundation should be transparent, verifiable, and appear reasonably fair.
The Foundation is also different form the demurrage fee itself. The option of diverting demurrage to a different redistribution method is a separate, but intertwined question.
... my thoughts, IMHO.

Well if we want to compare it to Bitcoin - which does not make sense IMHO - i ask myself what the community would say if the core devs would decide to increase the coin supply by 5?
I can not imaginge atm that a social purpose can be decentralized. BItcoin f.e. is not decentralized either. 1m is owned by Satoshi and there are a handful pool and a few groups of devs ruling the bord.
Woergl f.e. was the most successful freigeld currency and they used it to pay for social infrastructure. And IMHO it is the only reasonable purpose to redistribute money to the poor.
I dont really see how it is fair to those that invest in FRC in the past dont follow the forum and one day wake up with an extreme amount of FRC pumped in mining - what in the end will lower the price and interest in the coin.

I vote option 1.
I will share what I am thinking: I was never very comfortable with the idea of the foundation, because to me the idea of Bitcoin is using clever mathematics to avoid politics. A foundation picking winners and losers is the definition of politics, and I wasn't comfortable with being in that position.
There was some thought to use the foundation coin to come up with a provably fair way to distribute the foundation coins with a "faucet". But in my opinion this would take a level of mathematical innovation on the level of Bitcoin itself, and we are very unlikely to solve this problem if it is even possible.
Distributing the coin to miners is provably fair, but this is a political decision to reward the miners. Is there any indiciation that Freicoin needs a higher level of security which we would be buying with rewarding the miners at a higher rate?
Anyways, please consider opinion from someone who was involved in the release of this coin but not so much now, I apologize for that.
 

So @Fabrizio, @Bicknellski, @Mollycat, @whisper1970, and anyone else. If you could, please vote.

I'll vote for option 2, but I'm more  interested in a decision being made efficiently and implemented.
UPDATE:
so ill support any except option 3. It has bad optics and many wallets have been abandoned.

Is there a way to boost mining rewards? maybe double every 5th block or something to add a bit more of a randomness to mining and a bonus for those that have been mining and still are mining and keeping the blocks turning over? I think some sort of benefit to mining and/or taking away the transaction fee or if these funds could subsidise the fees for the remainder of the foundations coins. As it stands, Freicoin doesnt hold any value these days so the quicker the foundation is laid to rest and could be announced on forums the better. It would help in starting the promotion of the coin again if thats where everyone wants to head. 
Or has the foundation tainted freicoin too much already? I think Bick is the best person for being straight up with the views of the foundations role with freicoin haha

Option 3 some months after the matching is done.
 
UPDATE:
I see no use in having just more coins for mining. Just more coins does not mean more security, because increased supply will most likely reduce the price so that security wise it stays the same.
 
I propose to bring the remaining foundation coins after matching is done in circulation as block reward and combine it with a softfork that makes sure that some part of the block reward is used for Freicoin related projects.  The softfork is enough if enforced by the main Freicoin economic nodes, so that it is easy to change later.
For example, create time locked transactions that spent (100% as fee) of the foundation coins over a three year period with unlocking one transaction every 10 minutes.
 
Then add a softfort:
the main economic Freicoin nodes enforce that a certain part of the block reward is send to a specific address if less then 100.000 coins are on the address.
if we don't empty the address than at max 100.000 coins will hang on it. 
In the future we could implement a smarter distribution mechanism like outlined in other posts.
 
 

More glamour shots of the chocolates. 

These photos will be used for a photographic business' 2017 calendar.

I will try and get some free copies of it to send to you guys.

These are not the final touched up photos just the raw ones if you can imagine these being any better.

I used to mine BTC with my HD7970 Radeon in 2013 so i will probably run that at home overnight or i might build a new rig for mining at school.
I was hoping we could merge mine with ETH on fed and fabs pool ... but alternatively for the short term https://ethermine.org/ probably do that or a p2pool for ethereum.if they exist.

Is anyone else here in the Freicoin community mining or using Ethereum?
If you are it be great if we can work together on testing and using Ethereum personally I want to play with and learn more about Ethereum but use it to help improve FRC. Maybe it would be good to somehow get add on to Ethereum wallet for FRC direct exchange.

https://www.cryptocompare.com/mining/guides/how-to-mine-ethereum/

120.000 FRC bounty paid to 1EHMesZiLPqZvU2mVZGeYBaQvSPRUKA8yW
Transaction ID:  fb8a98fc3db932f518034f305fb86043cbc62252af57a3d8755f678aa0815f62

P2pool for freicoin, with merged mining of Rik's solidar coin is working on http://alfa.sicanet.net:9638/static/index.html
Miners connect to  stratum+tcp://alfa.sicanet.net:9638 with your username = FRC payout address 
Password can be anything.
This is testing fase so things can be a bit bumpy.
Cheers!

@Bicknellski maybe this would be something for your children:
4. We’re developing a Grantcoin savings account program for children in developing countries. Our team is drafting a proposal to present to two charities, one in Africa and one in Latin America, which have already expressed interest. We hope to expand the program to more charities in the future.
 

if you want to have unique coins i would suggest to add basic income based currencies like  duniter: http://www.duniter.fr/
and http://www.grantcoin.org/
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.
 

Freicoin was almost dead and has recently come back through grass roots efforts: Fedde built a new exchange, and a new explorer was built showing demurrage paid. There was a wallet update last August.
These efforts are continuing. In the works are updating p2pool software, updating wallets, and Fedde's exchange will be expanding to include other crypto-currencies all trading relative to FRC. 
 
The demurrage aspect of the currency means the coin is designed for spending and not speculating. Nevertheless, the present potential for value rise far exceeds the annual 5% demurrage fee. For this to be attractive, crypto-currencies need to find wider acceptance and circulation. Compared with 2008 and 2013, this appears to be happening now. Freicoin's developers are active and founding partners of Blockstream, and Freicoin is known for innovation (and not being a get rich quick scheme) since 2013.