Quote from: nmat on August 11, 2011, 07:31:58 PM

Quote from: KBundy on August 11, 2011, 07:20:04 PM

That being said, the way I understand the fee/discount system is that it's stealing from the poor and giving to the rich.

When you have money on the bank, you will earn more money from interest if you have more money on your account. Here happens the same. The fees are there to encourage people to use flexcoin for payments.

Sounds more like the Flexcoin guys just want to monopolize the transaction system so that they get a % of the BTCs in their system even though they are basically providing nothing useful. Online wallets are pointless. If you can't run the client on your computer you need to wake up and get your head out of the sand - Flexcoin, Mybitcoin, Instawallet, etc ----> they're all here to siphon *just a bit* of the creme off top.

Quote from: the founder (FlexCoin) on August 11, 2011, 07:25:31 PM

You realize it's free to transfer flexcoin to flexcoin ... tell the person you want to transfer that .0000001 to his flexcoin address.

Exactly - keep the money in YOUR system for free as an incentive to not be taxed for the transfer. This whole flexcoin idea is a nice profit game for you isn't it. It's pretty clear you're just in it for the % gain from everyone else's mining efforts.

Reminds me of:

Code:

MICHAEL
It's pretty brilliant. What it does is where there's a bank transaction, and the interests are computed in the thousands a day in fractions of a cent, which it usually rounds off. What this does is it takes those remainders and puts it into your account.

PETER
This sounds familiar.

MICHAEL
Yeah. They did this in Superman III.