Freicoin: Difference between revisions

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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 ==

Revision as of 19:25, 28 April 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 increase the velocity of money by reducing the incentive to save. Fees are taken for holding coins and distributed to miners.

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