Post
Topic
Board Altcoin Discussion
Re: FreiCoin (FRC) Fork WITHOUT 80% Of Coins Given To FreiCoin Foundation
by
maaku
on 04/01/2013, 08:57:56 UTC
Your claim that this is incorrect is incorrect, because it does generate your forced tax at the current moment. But it will not soon, and it will block all of your foundation (aka "federal freicoin reserve", a private, exclusive group with 80% control of the monetary supply) will be blacklisted.

?

That sentence doesn't even make sense. You've made a hard-fork. Blocks created by your client are rejected by the network. Nodes running your client get blacklisted by the rest of the network for forwarding invalid blocks as a denial-of-service protection. By transacting in the forked chain you run the risk of having your coins stolen on the main chain. You could have million times the hash of the rest of the network and it wouldn't matter: the fork would still be invalid and summarily rejected. The OP incorrectly implies otherwise.

We've said this so many times I've simply given up on repeating myself. But here it goes once more: every single satoshi of the Foundation outputs will be given out in grants in an open, transparent process. You can take part in that discussion here:

http://www.freicoin.org/freicoin-foundation-development-thread-t81.html

Or simply start drafting your own grant proposal.