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Skaro

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  1. Upvote
    Skaro reacted to Adilado in The end of the foundation   
    Sounds good, I have faith in the devs. I think we indeed should keep working and developing.
  2. Upvote
    Skaro reacted to Bicknellski in The end of the foundation   
    I vote for 1. Bury them and move on. That might be painful but in reality there  is ZERO movement on the coin currently. Demurrage is meant to make the coin move and it is the ONLY thing that makes this coin unique to other offerings in the cryptoverse. What we have had for nearly 2 years is a dead coin limping along with four or five people funding little projects here and there with little or no Developer support.  Any plans  that attempt to recirculate these coins of the foundation now are really not going to be a 'fair' distribution which is the exact warning that was given to the foundation when you implemented this idea in the first place.
    What we need is for adoption of Freicoin. How? I don't see how removing features like demurrage does anything but bury this coin permanently. What is required are MORE features as promised by Jorge and Mark in the past that is what we need to see and would be the only thing that would save the Kria moving forward. 
    So what is your vision for the coin moving forward Developers?
    Really are you going to help keep the coin alive or are you going to ultimately abandon it?
    Given the past history of 'progress' I am not seeing a sustained commitment to follow up on Freicoin.

    Maybe it is time to let the coin die? And I say this because it is clear this coin is not your first priority obviously and hasn't been that for a number of years. That is fine because what would be worse is if we have a partial or small infusion of work and then things go back to what they have been for years stagnation. 
     
     
  3. Upvote
    Skaro got a reaction from Adilado in The end of the foundation   
    Looking through the comments, people have voted for more than one option. Considering that, it appears that option 1 has the most support at 6 votes, and option 2 at 4 votes. 
  4. Upvote
    Skaro got a reaction from Bicknellski in The end of the foundation   
    @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)... ;-)
  5. Upvote
    Skaro got a reaction from Bicknellski in The end of the foundation   
    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.
  6. Upvote
    Skaro got a reaction from Bicknellski in The end of the foundation   
    So @Fabrizio, @Bicknellski, @Mollycat, @whisper1970, and anyone else. If you could, please vote.
  7. Upvote
    Skaro got a reaction from Bicknellski in The end of the foundation   
    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.
  8. Upvote
    Skaro reacted to jtimon in The end of the foundation   
    >  with the  BTC from the ico, you pay the developers to work full-time on FRC and do promotion

    Which developers are interested in doing that?
    I'm not interested in beig paid by an ICO and I'm pretty sure maaku doesn't want that either.

    > Certainly, you know the issues surrounding coming regulation better than most. 

    No, actually, I don't. But I never wanted to be paid from money collected through an "ICO" precisely because I don't know and I don't want to find out the hard way.
     
  9. Upvote
    Skaro reacted to Adilado in The end of the foundation   
    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.
  10. Upvote
    Skaro reacted to Adilado in withdraw from freiexchange   
    Yes, the error was on my end.
    Quickest withdrawal I have ever seen, five out of five stars
  11. Upvote
    Skaro reacted to fedde in Testing Freicoin 0.9   
    Just to add a sidenote here.
    Foundation does not recive any more funds, so they are locked there for now.
    Only thing that makes it slowly move from foundation addresses to circluating coins (usable coins trough minings) is the demurrage, so already the foundation coins supply about 72% of the demurrage while the rest is from user addresses. Blocks are now @95.36743164 and it will stay that way forever as it's the demurrage of the 100mill coins. 
     
  12. Upvote
    Skaro reacted to Arcurus in Testing Freicoin 0.9   
    if you want crazy profit, better invest in Filecoin ipo.
    That said, yes Freicoin price can increase, but that's not the main point, the point is creating an currency based on the economic theory of Silvio Gesell / a money that is in circulation.
    What you mean with 5% POS?
    As said the foundation will soon be gone as it looks now...
     
  13. Upvote
    Skaro reacted to Arcurus in Testing Freicoin 0.9   
    - to the foundation, as said, as it looks now it will be completely dissolved, so no demurrage or coins will go or hold by the foundation.
    - it looks like the coins from the foundation will come in circulation sooner or later, at least that is what up to now most of the community voted for, so that Freicoin will have 100 Million coins total in circulation as planned.
    - my suggestion is to add a softfork, that somepart of the demurrage could be used for other projects, for example development, or negative trading fees on Freiexchange.
    If done right users will hold some Freicoins and other assets that give stable value to Freicoin.
    later Freiexchange can be decentralized.
     
  14. Upvote
    Skaro reacted to fedde in Future of Freicoin   
    I am actually finalyzing the exchange as we chit chat here, all tests are looking good so i am wrapping up and preparing to release it.
    As arc says, if you want to get that amount of coins, it's not unreal to gain that in a month or two, coins are circulating and the userbase is growing slowly.
     
  15. Upvote
    Skaro got a reaction from Rik8119 in Testing Freicoin 0.9   
    Well anyway, Freicoin without demurrage is not Freicoin. Without demurrage, it just becomes a crappy 2014 clone of Bitcoin. You could POS or change the hash protocol, but there is no originality there. How many clones from 2014 are significant today? The top 20 list of crypto-currencies now are 50% coins in ICO (ie not even existing),Ethereum, and Ethereum copies which are at best multi-million dollar templates for Azure. Meanwhile we have a bunch of mouth frothing 'investors' creating self fulfilling prophecies from technical 'analysis' while everything is simply correlating to BTC. What, am I the only one that has ever made and LOST money on the stock exchange? You can't remember the downside?
    Like the guy in that excellent Facebook post copied above said, when people really start using crypto currencies for buying things (as opposed to 'investing') a measure against inflation-deflation-speculation-hoarding will be very attractive. Also, it is a real solution that has been repeatedly applied in the past; ie there is a need. Freicoin is unique in this. It is regarded and listed in all books as innovative for demurrage. What is a currency 'investor' anyway? That term doesn't even exist. It's just mouth frothing lunacy piggy backing on Bitcoin developer's hard work. And there are more than enough bigger as#%les in the finance world that will eat them up.
    The Foundation simply didn't work. It was supposed to be dissolved by having distributed all its funds by now. And yes, It should go, in a transparent verifiable, and fair way.
  16. Upvote
    Skaro reacted to Bicknellski in Freicoin Loan - Learning to Make Chocolate   
    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.



  17. Upvote
    Skaro reacted to Arcurus in Future of Freicoin   
    @Adilado welcome to Freicoin.
    What brought you to Freicoin? Have you read what Freicoin is about or do you just search for coins to invest in?
    Currntly in Freicoin the situation is this:
    the core developer of Freicoin became core developers of Bitcoin, since then they are super busy.
    Freicoin 0.9 is ready to be used thx to @fedde, but is still under testing.
    @Rik8119 wants to port Freicoin code to 0.14
     
    Currently there is a discussion how we proceed with the Freicoin Foundation that holds 80% of the coins.
    It looks like that the foundation coins will be brought into circulation through mining.
    We are thinking about adding a soft fork, that allows using some part of the redistributed coins for Freicoin related projects.
    But this is not set in stone yet.
     
    @fedde is mainly working on bringing more currencies to Freiexchange.
    He also planned to setup a web wallet so that Freicoin will be easy to use.
     
    @Adilado thx for your interest, i hope i could answer your questions.
     
  18. Upvote
    Skaro reacted to Rik8119 in Testing Freicoin 0.9   
    As i already said, it is needed to have that refheight, because the transaction could be included later on and your wallet need to be locked until the transaction is confirmed also it wont be possible to empty wallets in a exact way, because the amount available is lower than the original. Maybe you want to contact @jtimon he maybe can explain it better than me..
    And no, sadly there is no guide to modify bitcoin in the way needed ;-) ..
  19. Upvote
    Skaro reacted to Rik8119 in Testing Freicoin 0.9   
    Its a necessity. Think of it this way: you can lock a transaction for a certain time lets say 50k blocks (a year). After that it is included into a block. Since there is no information in the transaction when it was send, no demurrwge can be calculated.. And the whole demurrage idea is useless
  20. Upvote
    Skaro got a reaction from Rik8119 in The end of the foundation   
    @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)... ;-)
  21. Upvote
    Skaro got a reaction from fedde in The end of the foundation   
    @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)... ;-)
  22. Upvote
    Skaro got a reaction from Rik8119 in The end of the foundation   
    @Arcurus combining destroying the Foundation with a soft fork, a wallet release, and alternative distribution mechanism  would be ideal. It could be marketed as almost a relaunch of Freicoin too. 
     
    But i wanted to mention that there are something like 680000  distinct public address that have been generated. Probably most are change adresses that have tiny balances (I can actually do these queries relatively easily with readable keys with the way I have the explorer set up on my PC). Maybe many addresses are abandonned, but a vast majority probably belong to the mining pool (This should be partially varifiable linking addresses in the blockchain).  The method of selection you proposed would probably just transfer most of the money to the mining pool(s).
    I would be quite interested to  do analytics to help this endeavor. It may be better to something like generate a list of unlinked adresses having max 80000 FRC and min 500 FRC that have performed more than 5 transactions. The query can be updated regularly and the addresses could be chosen then randomly, without replacement.
  23. Upvote
    Skaro reacted to Arcurus in The end of the foundation   
    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.
  24. Upvote
    Skaro reacted to Rik8119 in The end of the foundation   
    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).
  25. Upvote
    Skaro reacted to Fabrizio in The end of the foundation   
    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  
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