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It's not centralized (according to their site). The value of held money just decays. The money doesn't go anywhere; it just disappears.
by mistercow 14y ago
It's not centralized (according to their site). The value of held money just decays. The money doesn't go anywhere; it just disappears.
- Ygg2 14y ago> Q: You said that Freicoin is decentralized. But the Foundation makes it centralized! > A: You are right. But we have no other solution. Initial coins should be distributed to the society. From FAQ, they say its centralized.
- maaku 14y agoNo. There is a one-time issuance of currency to get the money out there. Of that, 20% goes to the miners over the next 3 years, and 80% is distributed through community-vetted grant and prize proposals. Of the demurrage however, it is perpetually destroyed and recycled through the miners.