Re: FreiCoin (FRC) Fork WITHOUT 80% Of Coins Given To FreiCoin Foundation
Yes, I meant that by honest nodes, nodes that follow the initial rules instead of your attack. Seriously, if you really like freicoin without the fund, just start a new chain, but do it right: rewrite the reward for miners curve. You just need to copy and paste from an earlier beta (I think beta3 will make it).
By giving more coins to miners you'd be putting more of them in the hands of miners, not necessarily users, that's our point.
If you know of a method for distributing the foundation's part of the supply to everyone in an "open, decentralized and fair manner" (we disagree mining is such a method), please let us know. We've been trying to think of something for years without success.
By giving more coins to miners you'd be putting more of them in the hands of miners, not necessarily users, that's our point.
If you know of a method for distributing the foundation's part of the supply to everyone in an "open, decentralized and fair manner" (we disagree mining is such a method), please let us know. We've been trying to think of something for years without success.
>initial rules
Alright. Freeze your code base please, rule changes are not allowed even if the majority agrees to it. Currently Bitcoin contributors are planning to change the coin dust constants and the transaction fees, but if they do they're not honest according to your definition!!
Please take a look at this thread and see that currently ALL criticism are from FRC Foundation members.
You can clearly see their goal is to protect themselves, not the users, the miners, the traders, the merchants, and the peasants collecting FRC from faculets (unless it benefits them). Just like how the Federal Reserve's goal is to protect the banking system, not to help the common public.
Attack: It would be an attack if I took over the network and double spent transactions. But this isn't an attack when you have ZERO criticism from those not part of the elite foundation/reserve club. Take a look
It's rewriting the rules of FRC, just like how a new bitcoind version will rewrite the rule of BTC transaction fees. If 51% of the network agrees to it, goodbye to the 80% tax.Mining isn't the best method for distributing coins. But it's the a method for rewarding people to keep the network secure. There's a difference. Welfare might be the best way to distribute money, but getting a job would be a method to be productive towards society.
Perhaps an donation to the foundation with each block mined. Miners won't get any coin more if they don't donate, but if they feel the Foundation is doing a good job, they can include printing FRC for the foundation. If the foundation abuses the coins they spend, then miners will choose to NOT print FRC. If they feel that everyone is given a fair say and the Foundation is HELPING Freicoin, include the donation.