Post
Topic
Board Altcoin Discussion
Re: FreiCoin (FRC) Fork WITHOUT 80% Of Coins Given To FreiCoin Foundation
by
jtimon
on 04/01/2013, 11:13:30 UTC
>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!!

It's not the same thing. P2SH had community and mining consensus, your hard fork clearly hasn't it. You want to completely (not only destroying the not-to-miners distribution part but also making the currency monetary inflationary for much longer) change the dynamics of the currency. This would be an attack. Just like trying to impose demurrage on bitcoin's chain through mining force.

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.

We think we have enough rewards for miners to keep the network secure perpetually. Working for a non-profit (say the fsf or eff, which could perfectly get some initial freicoins) is also a productive job. It's called private charity. The difference is that here the generous people isn't the freicoin foundation (which is just a tool to distribute the donation) but the people who accept the currency knowing that its initial distribution is going to these projects.