Freicoin - Revision history

Guaka at 12:03, 14 July 2013

2013-07-14T12:03:23Z

← Older revision		Revision as of 12:03, 14 July 2013
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	[http://freico.in Freicoin] is "Bitcoin with [http://en.wikipedia.org/wiki/Demurrage demurrage]".		[http://freico.in Freicoin] is "Bitcoin with [http://en.wikipedia.org/wiki/Demurrage demurrage]".

	It is an alt chain with the design goal that holders of the coin will have negative interest rates, as a means to increase the [http://en.wikipedia.org/wiki/Velocity_of_money velocity of money] by reducing the incentive to save. Fees are taken for holding coins and distributed to miners.		It is an [[alternative chain\|alt chain]] with the design goal that holders of the coin will have negative interest rates, as a means to increase the [http://en.wikipedia.org/wiki/Velocity_of_money velocity of money] by reducing the incentive to save. Fees are taken for holding coins and distributed to miners.

	The design of Freicoin specifies that during the initial money creation period (approximately 3 years), 80% of the generated Freicoins are to be distributed by the Freicoin Foundation via donations and only 20% are awarded to miners. This differs significantly from Bitcoin, in which 100% of issued Bitcoins are awarded to miners. At the time of writing this, the exact methods and procedures describing how the Freicoin Foundation would direct its donations, were not available yet.		The design of Freicoin specifies that during the initial money creation period (approximately 3 years), 80% of the generated Freicoins are to be distributed by the Freicoin Foundation via donations and only 20% are awarded to miners. This differs significantly from Bitcoin, in which 100% of issued Bitcoins are awarded to miners. At the time of writing this, the exact methods and procedures describing how the Freicoin Foundation would direct its donations, were not available yet.

Cpunks at 23:30, 23 June 2013

2013-06-23T23:30:17Z

← Older revision		Revision as of 23:30, 23 June 2013
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	It is an alt chain with the design goal that holders of the coin will have negative interest rates, as a means to increase the [http://en.wikipedia.org/wiki/Velocity_of_money velocity of money] by reducing the incentive to save. Fees are taken for holding coins and distributed to miners.		It is an alt chain with the design goal that holders of the coin will have negative interest rates, as a means to increase the [http://en.wikipedia.org/wiki/Velocity_of_money velocity of money] by reducing the incentive to save. Fees are taken for holding coins and distributed to miners.

	The design of Freicoin specifies that during the initial money creation period (approximately 3 years), 80% of the generated Freicoins are to be distributed by the Freicoin via donations and only 20% are awarded to miners. This differs significantly from Bitcoin, in which 100% of issued Bitcoins are awarded to miners. At the time of writing this, the exact methods and procedures describing how the Freicoin Foundation would direct its donations, were not available yet.		The design of Freicoin specifies that during the initial money creation period (approximately 3 years), 80% of the generated Freicoins are to be distributed by the Freicoin Foundation via donations and only 20% are awarded to miners. This differs significantly from Bitcoin, in which 100% of issued Bitcoins are awarded to miners. At the time of writing this, the exact methods and procedures describing how the Freicoin Foundation would direct its donations, were not available yet.

	==FAQ==		==FAQ==

Cpunks at 23:29, 23 June 2013

2013-06-23T23:29:49Z

← Older revision		Revision as of 23:29, 23 June 2013
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	It is an alt chain with the design goal that holders of the coin will have negative interest rates, as a means to increase the [http://en.wikipedia.org/wiki/Velocity_of_money velocity of money] by reducing the incentive to save. Fees are taken for holding coins and distributed to miners.		It is an alt chain with the design goal that holders of the coin will have negative interest rates, as a means to increase the [http://en.wikipedia.org/wiki/Velocity_of_money velocity of money] by reducing the incentive to save. Fees are taken for holding coins and distributed to miners.

			The design of Freicoin specifies that during the initial money creation period (approximately 3 years), 80% of the generated Freicoins are to be distributed by the Freicoin via donations and only 20% are awarded to miners. This differs significantly from Bitcoin, in which 100% of issued Bitcoins are awarded to miners. At the time of writing this, the exact methods and procedures describing how the Freicoin Foundation would direct its donations, were not available yet.

	==FAQ==		==FAQ==

Cpunks at 23:19, 23 June 2013

2013-06-23T23:19:57Z

← Older revision		Revision as of 23:19, 23 June 2013
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	===Why would someone choose to hold a Freicoin and incur demurrage, where he can just hold Bitcoin instead?===		===Why would someone choose to hold a Freicoin and incur demurrage, where he can just hold Bitcoin instead?===
	Assuming they already have the Freicoin, exchange fees to Bitcoin may be greater than the loss from demurrage.		Assuming they already have the Freicoin, exchange fees to Bitcoin may be greater than the loss from demurrage.

			Demurrage incentivizes miners to a greater degree than transaction fees, to provide the network with a higher hash rate. The network hash rate needs to be maintained above a certain level to prevent "51% attacks" (double spending, etc). Thus, in a situation where network A rewards miners with transaction fees and network B rewards them with demurrage in addition to that, lack of transactions or unwillingness of transactors to offer fees can starve miners on network A (causing the hash rate to drop and opening up avenues for attack) but cannot starve miners on network B. Upon this difference might depend the number of miners operating on each network, and the hash rate of said networks.



	== Links ==		== Links ==

Explodicle: edited for NPOV

2013-04-28T19:25:59Z

edited for NPOV

← Older revision		Revision as of 19:25, 28 April 2013
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	[http://freico.in Freicoin] is "Bitcoin with [http://en.wikipedia.org/wiki/Demurrage demurrage]".		[http://freico.in Freicoin] is "Bitcoin with [http://en.wikipedia.org/wiki/Demurrage demurrage]".

	It is an alt chain with the design goal that holders of the coin will have negative interest rates, as a means to ~~redistribute wealth from rich people~~ to ~~poor people~~. Fees are taken for holding coins and distributed to miners.		It is an alt chain with the design goal that holders of the coin will have negative interest rates, as a means to increase the [http://en.wikipedia.org/wiki/Velocity_of_money velocity of money] by reducing the incentive to save. Fees are taken for holding coins and distributed to miners.

	~~The major issue with Freicoin is that of incentives - why~~ would someone choose to hold a Freicoin and incur demurrage, where he can just hold Bitcoin instead?		==FAQ==
			===Why would someone choose to hold a Freicoin and incur demurrage, where he can just hold Bitcoin instead?===
			Assuming they already have the Freicoin, exchange fees to Bitcoin may be greater than the loss from demurrage.

	== Links ==		== Links ==

Jtimon at 13:59, 2 January 2013

2013-01-02T13:59:59Z

← Older revision		Revision as of 13:59, 2 January 2013
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	[http://~~www~~.~~freicoin.org/~~ Freicoin] is "Bitcoin with [http://en.wikipedia.org/wiki/Demurrage demurrage]".		[http://freico.in Freicoin] is "Bitcoin with [http://en.wikipedia.org/wiki/Demurrage demurrage]".

	It is an alt chain with the design goal that holders of the coin will have negative interest rates, as a means to redistribute wealth from rich people to poor people. Fees are taken for holding coins and distributed to miners.		It is an alt chain with the design goal that holders of the coin will have negative interest rates, as a means to redistribute wealth from rich people to poor people. Fees are taken for holding coins and distributed to miners.
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	* [http://freico.in/about/ About page]		* [http://freico.in/about/ About page]
	* [http://p2pfoundation.net/Freicoin Freicoin entry on the P2P Foundation wiki]		* [http://p2pfoundation.net/Freicoin Freicoin entry on the P2P Foundation wiki]
			* [http://www.freicoin.org Forum]

	[[Category:Alternative cryptocurrencies]]		[[Category:Alternative cryptocurrencies]]

Jtimon: /* Links */

2013-01-02T13:59:06Z

Links

← Older revision		Revision as of 13:59, 2 January 2013
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	== Links ==		== Links ==
	* [http://freico.in/about/ About page]		* [http://freico.in/about/ About page]
	* [http://p2pfoundation.net/Freicoin ~~Fericoin~~ entry on the P2P Foundation wiki]		* [http://p2pfoundation.net/Freicoin Freicoin entry on the P2P Foundation wiki]

	[[Category:Alternative cryptocurrencies]]		[[Category:Alternative cryptocurrencies]]

Ripper234 at 07:27, 29 December 2012

2012-12-29T07:27:15Z

← Older revision		Revision as of 07:27, 29 December 2012
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	The major issue with Freicoin is that of incentives - why would someone choose to hold a Freicoin and incur demurrage, where he can just hold Bitcoin instead?		The major issue with Freicoin is that of incentives - why would someone choose to hold a Freicoin and incur demurrage, where he can just hold Bitcoin instead?

			== Links ==
			* [http://freico.in/about/ About page]
			* [http://p2pfoundation.net/Freicoin Fericoin entry on the P2P Foundation wiki]

	[[Category:Alternative cryptocurrencies]]		[[Category:Alternative cryptocurrencies]]

Ripper234: Created page with "[http://www.freicoin.org/ Freicoin] is "Bitcoin with [http://en.wikipedia.org/wiki/Demurrage demurrage]". It is an alt chain with the design goal that holders of the coin wil..."

2012-12-29T06:53:36Z

Created page with "[http://www.freicoin.org/ Freicoin] is "Bitcoin with [http://en.wikipedia.org/wiki/Demurrage demurrage]". It is an alt chain with the design goal that holders of the coin wil..."

New page

[http://www.freicoin.org/ Freicoin] is "Bitcoin with [http://en.wikipedia.org/wiki/Demurrage demurrage]".

It is an alt chain with the design goal that holders of the coin will have negative interest rates, as a means to redistribute wealth from rich people to poor people. Fees are taken for holding coins and distributed to miners.

The major issue with Freicoin is that of incentives - why would someone choose to hold a Freicoin and incur demurrage, where he can just hold Bitcoin instead?

[[Category:Alternative cryptocurrencies]]