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Oh, I was going to write about Freicoin. It seems like an incredibly fascinating concept and I'd really like to see an online economy emerge around it. Do you u
by pi18n 14y ago
Oh, I was going to write about Freicoin. It seems like an incredibly fascinating concept and I'd really like to see an online economy emerge around it. Do you use it?
- tibbon 14y agoI don't, and I'm not sure of where I could generate/buy some. I'd definitely like to play with it a bit.
- wmf 14y agoWhy would anyone opt in to demurrage?
- tibbon 14y agoI think that's a very good question. People would have to think that its a more stable currency with greater long term value to opt into it.
- krichman 14y agoHow is that demurrage any different from inflation, though? I have to invest my cash in things just to get it to maintain the value it has now.
- gst 14y agoFreicoin is a scam. If you mine Freicoins 80% of the mined coins are automatically transferred to the "Freicoin Foundation" (see e.g. https://bitcointalk.org/index.php?topic=134629.0 https://bitcointalk.org/index.php?topic=134629.0). A real demurrage might be an interesting concept, but I wouldn't suggest to buy into Freicoin.
- tibbon 14y agoIts definitely a strange thing. Money goes to "miners and grants"?