Off topic but I'll address it. The foundation funds are only spent through community mechanisms, e.g. matching donations. Neither Jorge nor I have any significant control over the destination of those coins.
Whether or not there is matching is irrelevant - the foundation must decide either which charities are elligible, or who gets to vote on which charities are elligible. And the decisions to hold the coins pending a full plan, and to give them to charity, were both made without a vote.
Yes, this is the centralization point of the matched donations distribution. But any censored nonprofit can publicly denounce us.
No one has done it so far.
Your opinion is that the seigniorage should be burned in mining subsidies and I respect that opinion, but you have to face that it is not shared by the majority of the freicoin community. Like I was told when I wanted Bitcoin itself to have demurrage: go ahead and fork freicoin to create an altcoin with demurrage and 100% issuance through mining subsidies.
Seigniorage is the difference between the cost to acquire a good and its market value. If Bitcoin has any seigniorage at all, it tends to zero just like mining profits. That's such a far cry from 80% seigniorage that when you first said this to me months ago, I was so disgusted that I remained silent until now.
Yes, profits tend to zero when time tends to infinity in perfect competition (something purely theoretical), so seigniorage to miners should tend to zero with time as well.
The rest is burned in mining costs, basically providing more security than users are paying for.
This is completely anti-ecological and therefore not aligned with Freicoin's core values.
The very
inventor of proof of work-based scarcity refers to this as a "environmental crime".
I cannot stress this enough, avoiding this waste is the primary reason behind the Freicoin Foundation, supporting nonprofits is just a nice side effect, the "less worse" distribution in my opinion.
There are two reasons I haven't forked:
1) I'm not skilled enough to maintain it properly.
2) I'm not convinced that demurrage is beneficial in the first place.
If anyone reading this does start a "equal rules for all" fork, please PM me and you'll have found your first speculator.
I thought you were for demurrage.
Maybe you can find someone here:
https://bitcointalk.org/index.php?topic=134629.0That didn't worked because the Freicoin community didn't think like him, but you could just start a completely new chain.
I won't oppose to a second demurrage cryptocurrency, but the freimarkets crowdfunding thread (or this thread) is just not the right place for starting it.