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 | 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. | ||
==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.