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I like some of the concepts behind this freicon, it disincentives pump and dump and pyramid schemes. I personally will never put money in bit coins because it
by amalag 14y ago
I like some of the concepts behind this freicon, it disincentives pump and dump and pyramid schemes.
I personally will never put money in bit coins because it is like a pyramid scheme. Again what we really need is probably frictionless digital payments, not another currency.
- maaku 14y agoYou should never put money in freicoins either. Rather you should use it for buying and selling things, and just keep enough at hand for cash-flow purposes. What we want is a frictionless medium for digital payments, with good economic properties. Bitcoin doesn't offer that. * Disclaimer: I'm one of the creators of Freicoin.
- amalag 14y agoI appreciated the thoughts behind it, the relation between interest rates and incentives for investment is not something I thought about. It makes a lot more sense to me than bitcoins.
- deleted 14y ago[deleted]