Yea, I really dislike the idea of a "foundation" in both this currency and devcoin (I think? If I'm understanding it right that is...)
Who's to say the foundation doesn't just cashout all of their freicoins into another currency?
You are. Foundation coins will only be spent as part of a community vetted process. You can join the conversation at freicoin.org.
I spoke out against centralization earlier in the project and my voice was drowned out by louder voices in favor. It's like arguing about a Wikipedia article.
If you really like Freicoin EXCEPT for the foundation, you'll have an easier time just forking it. If I wanted to argue about how my own money was spent on my behalf, I'd go to city hall.
They won't be "spent" in that manner at all. Your money? Either you mine and accept it or don't mine it. Right?
The work needed now is not forking it is developing a democratic means for the disbursement of the foundation funds in the form of prizes and grants to help jump start the use of Freicoin with things like Freiescrow... or Freibay trade sites etc. What is great about this fund is that it will be used, it will not be spent on the foundation memebers it will go to help develop Freicoin. That is something as a Freicoin user I support. Having put some ideas forward as well as putting in my own grant proposal I am hopeful we see a foundation actually form soon and form so that we the users have direct influence in what gets funded. Rather than simply hating on the "centralization" you might want to rethink it and look towards a more PARECON model where direct democratic involved may infact help bolster the Freicoin and in the future make miners MORE MONEY... in 3 years hopefully most of the YOUR money will also be dispensed to the projects that we the users agree we need. If you have any ideas for projects post them up.
http://www.freicoin.org/how-to-present-grant-proposals-t146.htmlWhy are "spent" and "centralization" in quotes? The foundation will be spending funds which they automatically receive due to centralization.
I'm not simply hating on centralization because I've got a stick up my ass. Centralization creates a huge weak point. Should Freicoin ever threaten the powers that be, they WILL go after that weak point. Once cops/mafia/corporations kick in the door and demand private keys, our votes become meaningless.
And even with perfect security, one does not simply construct a fair voting system. Is it per person or per coin? Condorcet or range voting? Who validates voters? Will you support every language? Do I need government-issued ID? Can I delegate or sell my vote?
Good luck with that.