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Skaro

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  1. Upvote
    Skaro got a reaction from Bicknellski in Basic income in Solidar   
    Freicoin does not have basic income. It has a demurrage fee of 5% per year. This is achieved be the wallets simply destroying the funds. Simultaneously, 5% per year is newly generated and awarded to miners, 96 FRC per block. In order to come to this zero inflation system quickly, all Freicoin money supply was issued in 3 years. To experiment with alternative distribution methods, The Freicoin Foundation was created and 80% of the 'minted' currency was sent there. No alternative distribution method was ever created and the Foundation funds have been mostly untouched. We recently decided to destroy the Foundation.
     
    Solidar also has all the currency issued too and has a basic income set up. To fund the basic income, there is a similar Foundation, as well as a 20% annual demurrage fee. Simultaneously with the demurrage,  20% is reissued as block reward. Of that, 0.01% goes to miners and 99.9% to the basic income Foundation. The Solidar Wallet functions identifically to Freicoin. Based on merged mining, however, the mining reward is split (is that correct @Rik8119?) Basic income is paid out through a system Rick set up on Facebook.
  2. Upvote
    Skaro got a reaction from Bicknellski in Future of Freicoin   
    Well, I'll be ready! With the 0.9 wallet, I learned how to compile it on my Mac, because my linux computer was 32 bit and Windows is crap. Once my home renos are done, I'll be buying a new 64 bit tower to run linux, and will be eagerly anticipating testing/compilling the next wallet! (PS I still think its rather cool that I am the only one running a 0.9 on my MAC :-p)
  3. Upvote
    Skaro got a reaction from Rik8119 in Freicoin Resources   
    @Mark Friedenbach Our explorer runs on ABE, which I don't think is actively supported anymore. I was wondering what has to be done to accommodate Segwit and new tech. For example, could you send me a link to explain the new block structure? Any such helpful references would be appreciated.
  4. Upvote
    Skaro got a reaction from Rik8119 in Future of Freicoin   
    Well, I'll be ready! With the 0.9 wallet, I learned how to compile it on my Mac, because my linux computer was 32 bit and Windows is crap. Once my home renos are done, I'll be buying a new 64 bit tower to run linux, and will be eagerly anticipating testing/compilling the next wallet! (PS I still think its rather cool that I am the only one running a 0.9 on my MAC :-p)
  5. Upvote
    Skaro reacted to jtimon in Future of Freicoin   
    So, regarding releases...should we keep working on 0.9 for the next release and also start working on a 0.15 rebase for the next after that one?
     
  6. Upvote
    Skaro reacted to Rik8119 in Facebook Marketplace   
    That's fantastic news! I haven't had this one in sight at all! That's so easy, the merchant can set a price in Solidar, you can contact them in messenger, and buy the product with the messenger. Easy as breathing ;-).
  7. Upvote
    Skaro reacted to Mark Friedenbach in Future of Freicoin   
    Thanks fedde, that's good to know! Certainly some review and testing of new releases would be helpful in allowing us to pipeline things.
  8. Upvote
    Skaro reacted to fedde in Future of Freicoin   
    I'll be helpful on the debugging if needed, twisted my head twice on the 0.9 before it woke up from the grave so i might be helpful at other things too
  9. Upvote
    Skaro reacted to jtimon in The end of the foundation   
    > allow pegs into this sidechain to be doubled in quantity 2:1 so that up to 50M freicoins can be moved from the old chain to the new chain, resulting in 100M on the other side. The new chain would also have its own subsidy so, if all goes well, there is a period of coexistence where both chains are used, until the peg pool is exhausted and the old chain is archived. 

    This sounds, in principle, as a very bad idea to me.
  10. Upvote
    Skaro reacted to Mark Friedenbach in Future of Freicoin   
    I can't agree enough that we are currently limited by developer time. We need more developers.
    However I'm very cautious about the ICO craze. ICOs are securities offerings, and doing or promoting an unlicensed securities offering is a serious offense punished by massive fines, jail time, and a lifetime ban of working in the industry. People haven't been burned ... yet. But it's just a matter of time. It can be frustrating to watch developers with nearly zero experience raise huge sums of money for poorly defined projects, and even more frustrating to see the biggest offenders get a pass by regulatory authorities as they are grandfathered in under the new regime. However I'd still rather do this the right way, the morally and legally justifiable way, even if that road is a little harder.
    The situation is not so dire though. The features I would like to get into this new freicoin are mostly already written -- it's just a matter of polish and integration.
  11. Upvote
    Skaro reacted to magius in Worgl 2.0 - A city based project in Italy   
    It's a private agreement, nothing is online about the project till it will be developped and approved by the people that nominated us. Our main deal is to create an "analogic" alternative financial system based on our theories.
    https://financialautonomouszone.wordpress.com/english/
    Please read the proposal we wrote in english and suggest us if is possible to convert some "analogic" features into "digital" 
     
  12. Upvote
    Skaro got a reaction from Rik8119 in Basic income in Solidar   
    Freicoin does not have basic income. It has a demurrage fee of 5% per year. This is achieved be the wallets simply destroying the funds. Simultaneously, 5% per year is newly generated and awarded to miners, 96 FRC per block. In order to come to this zero inflation system quickly, all Freicoin money supply was issued in 3 years. To experiment with alternative distribution methods, The Freicoin Foundation was created and 80% of the 'minted' currency was sent there. No alternative distribution method was ever created and the Foundation funds have been mostly untouched. We recently decided to destroy the Foundation.
     
    Solidar also has all the currency issued too and has a basic income set up. To fund the basic income, there is a similar Foundation, as well as a 20% annual demurrage fee. Simultaneously with the demurrage,  20% is reissued as block reward. Of that, 0.01% goes to miners and 99.9% to the basic income Foundation. The Solidar Wallet functions identifically to Freicoin. Based on merged mining, however, the mining reward is split (is that correct @Rik8119?) Basic income is paid out through a system Rick set up on Facebook.
  13. Upvote
    Skaro got a reaction from Rik8119 in Worgl 2.0 - A city based project in Italy   
    Well, that sounds fantastic. What can we do to help you out?
  14. Upvote
    Skaro reacted to magius in Worgl 2.0 - A city based project in Italy   
    As I said you before, I'm the co-developper of an "analogic" alternative financial system called FAZ. We had the nomination from a local enterprises' pool of an italian South Italy city with about 160.00 inhabitants, to make a proposal for a local economic system based on a demurraged currency, basic income and free loans to enterprises. Our deal is to make a new Worgl experiment, the italian one! We have the guarantee that enterprises' pool will accept the currency and that the city major will accept the currency in payment for local taxes. We're going to work to a system based on negative rate corporate bonds used as currency, but could be interesting in parallel to understand if Freicoin/Solidar could be used, implementing also a free loans system in cryptocurrency. 
  15. Upvote
    Skaro reacted to Mark Friedenbach in The end of the foundation   
    Well, 5 years later it's still not clear that a decentralized solution is even possible. And if it's not decentralized.. then what are we doing here? It'd be so much simpler to have a central ledger that manages demurrage in that case.
    I will say that I am solely and exclusively interested in decentralized solutions only, in both the near and long term.
  16. Upvote
    Skaro got a reaction from Bicknellski in Getting my Wallet... Will mine.   
    well anyway, it works better if you start with no block chain downloaded (empty chaindata\) then run C:\Users\Reza\AppData\Roaming\Ethereum Wallet\binaries\Geth\unpacked\geth --syncmode "fast" --cache 1024 console.
    That loads chain much faster. After that, run wallet. I'm not sure how wallet performance will be after that. more info:
    https://theethereum.wiki/w/index.php/Ethereum_Wallet_Syncing_Problems#How_to_recover_from_slow_syncing.3F
     
  17. Upvote
    Skaro reacted to Rik8119 in Need.. more.. FRC..   
    i was thinking of something like this (sort of with a kria).. Kria to the moon!

  18. Upvote
    Skaro reacted to Mark Friedenbach in Future of Freicoin   
    After the random value is released, I go back and make up a proposed block that's even closer. 
  19. Upvote
    Skaro reacted to Bicknellski in Future of Freicoin   
    Gobsmacked. You really buried the lead for the most interesting possible updates. 
    This is most interesting aspect of what you are planning for FRC. If you can help crack that and get FRC in that arena and at the forefront maybe there is hope for wider adoption. Personally when I first came to bitcoin it was a huge liability I saw where those with technical skills, resources, lower power costs would eventually 'control the coin'. Centralized mining in the hands of only a few corporations or organizations and a lot fraud has happened as a direct result of this race to centralization. Everyone has a phone. Everyone. 
    I always hoped to see something where POW mining was on every hand-phone on the planet and it was not a massive warehouse requiring coal fired plants being fired up in Inner Mongolia securing the network. I will be following that thread closely and I hope there is a potential to bring mining back to the small scale really individuals rather than a collective entity with massive resources. I will read up on the link you posted. 

  20. Upvote
    Skaro reacted to Rik8119 in Future of Freicoin   
    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..
  21. Upvote
    Skaro reacted to Mark Friedenbach in Future of Freicoin   
    No solution, I'm afraid. Anyone can fork bitcoin, or freicoin, or any other crypto currency at any time and try to get people to use the new spinoff coin over the old one. This isn't the first time that it has happened to bitcoin either, just the first time that it had any significant (albeit minority) support from miners, users, developers, etc. There is not some crypto magic that would save us from this outcome -- I can think of generic approaches to replay prevention that would work no matter the underlying crypto system (e.g. XOR the signature with fixed data).
  22. Upvote
    Skaro reacted to Mark Friedenbach in Future of Freicoin   
    It's time to re-start this thread. As mentioned in another thread, I've been professionally busy non-stop for some months on a couple of different projects. That is currently slated to change with my new responsibilities including the maintenance of the Elements codebase, which includes most of the new features we would like to add to Freicoin. So there's a little bit of double-dipping there. Plus since I'll be traveling less and working normal hours I'll be able to spend 8-10 hours a week, evenings and weekends, working on the basic plan outlined at the top of this thread.
    So let's revisit this thread. We did back-port some consensus bug fixes to the freicoin client and issued a new release of the 0.8 node software in 2015. Also included in that release was a soft-fork that changed the rules for demurrage calculation, in a way that will potentially make the client easier to maintain. We have not made good on our promise to update the client to newer versions of upstream Bitcoin Core, and that will be my first priority. The soft-fork change to demurrage calculations means that a little bit of up-front work is required to re-write those patches, but afterwards the total maintenance cost should be reduced.
    The call for testers still stands. We need to develop some sort of test plan for new releases that gives us some assurance we aren't releasing bad code. Any help with this would be much appreciated.

    Now looking at the specific features I suggested adding:
    This is already in bitcoin, and will be in freicoin as soon as we upgrade the reference client to a more recent upstream version.
    Likewise! Freicoin will get the same segwit that bitcoin is about to lock-in.
    Still want this for Freicoin, but:
    In the time since I wrote this, Jorge and I along with our co-workers and a partner company implemented confidential assets, which is an extension of confidential transactions that blinds the asset being transacted as well as the amount. This was a significant amount of work, and basically occupied 12-14 months of my professional career, as well as that of my colleagues.
    Part of why my enthusiasm for bringing CT to Freicoin waned after writing the above words is that as soon as Andrew Poelstra invented the necessary crypto component to make confidential assets work, it became clear that we would want to wait until this new CA was finished. Proper asset support has always been an essential part of my vision for Freicoin as it is necessary to construct other forms of decentralized money (e.g. classic ripple) as well as interesting smart contracts.
    Confidential assets was released this year, and made more polished in the last few months in preparation for the BC2 conference, where the necessary features for distributed exchanges were also written. It's now in a state where we can talk about brining it into production on Freicoin.
    This was Mimblewimble!
    No, I'm not secretly Voldemort, nor does Voldie work at my employer as far as I'm aware. However we were working on some similar ideas for non-interactive CoinJoin using confidential transactions and one-way aggregatable signatures. Voldemort independently invented the same tricks, and to his/her credit realized that it allowed A LOT more than just non-interactive CoinJoin.
    It also turns out that it doesn't have to be a hard-fork change, other than the introduction of confidential transactions itself. Mimblewimble can be implemented on Elements Alpha without any changes. However it does need some work to reconcile with confidential assets, so some basic research here might be required. It is however high priority research at my employer and I am hopeful that we can see production-ready results on a relatively short timeframe.

    The only other features not mentioned here are a bunch of little improvements to bitcoin script that makes writing smart contracts much easier or allows more powerful contracts. That might be a good topic for another post. Many of these are already implemented in the elements codebase, but just need some review and testing before production use.

    Finally, a word needs to be said about merged mining. In fact this deserves its own post and I will make one in time, but the short TL;DR is that Jorge and I differ on our views about this. Given what we have seen happen in the Bitcoin space with respect to mining, ASICBOOST, and segregated witness, I no longer have faith that SHA256 mining can be used to secure a high-value network. And as bad as the situation is for bitcoin, it would likely be even worse for a merged mined coin, as in practice merge mining sees higher rates of centralization. I think there is a strong argument for switching to a new proof of work entirely, one which is not ASIC resistant (that's a unicorn that doesn't exist), but rather tries to minimize the performance gap between high-end general compute ad specialized hardware. Cuckoo Cycle is an example of one such PoW algorithm. In any case, I'll post my thoughts regarding this in another thread.

    I hope others are as excited about bringing these new features to Freicoin as I am. I think the applications that can be built on top will do a lot to bring utility to freicoin as a medium of exchange for a generally useful block chain platform.
  23. Upvote
    Skaro got a reaction from Mark Friedenbach in Won't confirm   
    Perfect. I will use that excuse for the explorer too.
     
  24. Upvote
    Skaro reacted to Rik8119 in The end of the foundation   
    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...
  25. Upvote
    Skaro got a reaction from Rik8119 in The end of the foundation   
    Hi Maaku! 
    Is what you are describing a currency split to bring remaining funds back up to a total supply of 100 million?
     
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