Post
Topic
Board Altcoin Discussion
Re: FreiCoin (FRC) Fork WITHOUT 80% Of Coins Given To FreiCoin Foundation
by
maaku
on 04/01/2013, 09:22:42 UTC
1. Somehow you're failing to comprehend it. Blocks created by this client will not be rejected by the network at the moment.

False (try it). Specifically, see lines #2004-2005 of main.cpp. And no, it doesn't matter if you change that line either - it only matters what code the rest of the network is using.

I like how you (not singular, but foundation) think you own Freicoin, the network, and all coins, which is probably why you decided to even come up with this 80% idea.

Come back to reality. Industrial mining has become dominated by a privileged technological elite. Maybe when bitcoin started it was democratic (before GPU mining, before ASICs), but it certainly isn't anymore. The purpose of an initial distribution is to get currency in the hands of everybody as quickly as possible, and to get money flowing in the marketplaces (and not just the currency markets). If you have a good idea for accomplishing that goal in a fair and democratic manor, submit it to us. Or come work with us and become a part of the foundation.

3. Every single satoshi that you're taking in right now will be blacklisted and won't be able to spent once this network takes over. And it will - it just takes a few pools to see the benefits in making Freicoin more decentralized, secure, and better for miners (vs your foundation).
20% + perpetual subsidy of an active, vibrant economy is worth infinitely more than 100% of a dead coin.