Freicoin: Difference between revisions
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[http:// | [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]] | ||
Revision as of 13:59, 2 January 2013
Freicoin is "Bitcoin with 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?