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      "author": "steemitboard",
      "permlink": "steemitboard-notify-freeskaro-20190906t004832000z",
      "title": "",
      "body": "Congratulations @freeskaro! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@freeskaro/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@freeskaro) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=freeskaro)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "title": "'Forward Blocks' and Freicoin",
      "body": "Mark Friedenbach recently presented ‘Forward Blocks’ at the Scaling Bitcoin 2018 \"Kaizen\" conference. Forward blocks are a way to change the proof of work (POW) algorithm, increase the block size, and increase the transaction capacity without a hard fork. He claims that, with sharding, the transaction rate of BTC could reach 30000 tx/s, making it comparable to VISA.  I certainly cannot discuss the technical details but will share with you the relationship between forward blocks and Freicoin.\n\nMark Friedenbach (Maaku)  and Jorge Timón created Freicoin in 2012 and then went on to found Blockstream. While Freidenbach and Timón were Bitcoin Core developers, Freicoin fell somewhat into neglect and out of popularity. Its small community made efforts to revive the coin since 2016, even builing an exchange to trade it, FreiExchange.com. Recently, Maaku left Blockstream to focus on his own creative projects, returning to Freicoin. Maaku has already stated that many aspects of forward blocks will be developed on Freicoin. In fact, the very origins of forward blocks come from wanting to change the POW algorithm for Freicoin (see link 'origins' below).\n\nWhile the 'forward blocks' proposal for Bitcoin does not require a hard fork, this is not the same with Freicoin. There is an important technical difference between Bitcoin and Freicoin. The large capacity increase in BTC possible after forward blocks takes advantage of a bug in Bitcoin that has never been fixed known as 'time warp bug'. This bug has already been fixed in Freicoin. Because of this, the same capacity increase can not happen in Freicoin and a hard fork may still be required. That is yet to be finalized by the developers. However, the other benefits such as POW change, sharding , and CT support are currently being developed.\n\nSo, while Freicoin was created in 2012, the announcement of 'forward blocks'  is similar to a new white paper in today’s ICO world that rivals them in scaling solutions proposed and developer's skill. Currently, Freicoin is ranked at around 1000 on Coin Market Cap and is only trading on FreiExchange.com. It now has the potential to be in the top 100 and reaching a price of 0.01 BTC.\n\nLinks:\n\npaper: http://freico.in/forward-blocks-scalingbitcoin-paper.pdf?ref=tokendaily\nslides: http://freico.in/forward-blocks-scalingbitcoin-slides.pdf\nvideo: https://m.youtube.com/watch?t=67m35s&v=y8hJ0VTPE34&feature=youtu.be\norigins: https://freicoinalliance.com/topic/638-changing-the-proof-of-work-algorithm/\nrelevant tweets: https://twitter.com/markfriedenbach/status/1048945300629385217?s=12",
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      "title": "",
      "body": "Writing unofficially on behalf of Freiexchange, it would have been nice if you contacted exchange admin via email or Telegram channel to allow us an opportunity to verify and correct any errors prior to posting public reviews. \n\nSince you have already chosen this medium, it appears that only 0.0033 BTC, (approx. $50) only was deposited into your account and that 0.0011BTC was paid in transaction fees. Freiexchange charges fees only on withdrawals. Perhaps your criticism applies to your BTC wallet provider.",
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      "body": "The appropriate historical reference is not to shipping but rather to Silio Gisell, Worgle, and FDR's StampScript. Also, the difficulty with exchanges is simply that they could not do the demurrage accounting. Demurrage can be looked in a number of ways:\n1)  in Freicoin, the demurrage pays the miners. \n2) the demurrage fee is a flat rate fee for unlimited transactions (current Bitcoin fees exceed 5%). \n3) it was hoped that some of this money would apply to a kind of universal basic income too but no satisfactory system was ever developed. \n4) it is supposed to make money 'deteriorate' like other commodities",
      "json_metadata": "{\"tags\":[\"blockchain\"],\"app\":\"steemit/0.1\"}"
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      "parent_author": "freeskaro",
      "parent_permlink": "re-engineeringsteem-btg-mining-started-20171102t013358197z",
      "author": "graemec",
      "permlink": "re-freeskaro-re-engineeringsteem-btg-mining-started-20171118t205325498z",
      "title": "",
      "body": "Trying to connect to this pool with my mac. Any tips ?",
      "json_metadata": "{\"tags\":[\"cryptocurrency\"],\"app\":\"steemit/0.1\"}"
    }
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{
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  "trx_in_block": 19,
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  "timestamp": "2017-11-18T20:53:03",
  "op": [
    "vote",
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      "voter": "graemec",
      "author": "freeskaro",
      "permlink": "re-engineeringsteem-btg-mining-started-20171102t013358197z",
      "weight": 10000
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  "block": 16926038,
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    {
      "parent_author": "engineeringsteem",
      "parent_permlink": "btg-mining-started",
      "author": "freeskaro",
      "permlink": "re-engineeringsteem-btg-mining-started-20171102t013358197z",
      "title": "",
      "body": "@@ -160,22 +160,22 @@\n  CPU\n-, baby,\n  mining\n+, baby,\n  LOL\n",
      "json_metadata": "{\"tags\":[\"cryptocurrency\"],\"app\":\"steemit/0.1\",\"links\":[\"https://github.com/StarbuckBG/nheqminer-bitcoin-gold\"]}"
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      "author": "freeskaro",
      "permlink": "re-engineeringsteem-btg-mining-started-20171102t013358197z",
      "title": "",
      "body": "@@ -5,16 +5,23 @@\n nnected \n+my Mac \n with:%0A n\n@@ -64,9 +64,9 @@\n  -t \n-2\n+4\n  -od\n",
      "json_metadata": "{\"tags\":[\"cryptocurrency\"],\"app\":\"steemit/0.1\",\"links\":[\"https://github.com/StarbuckBG/nheqminer-bitcoin-gold\"]}"
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  "timestamp": "2017-11-04T10:59:39",
  "op": [
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      "parent_author": "engineeringsteem",
      "parent_permlink": "btg-mining-started",
      "author": "freeskaro",
      "permlink": "re-engineeringsteem-btg-mining-started-20171102t013358197z",
      "title": "",
      "body": "@@ -27,14 +27,9 @@\n er -\n-server\n+1\n  eu.\n@@ -64,16 +64,94 @@\n od 0. %0A%0A\n+That I built from here:%0Ahttps://github.com/StarbuckBG/nheqminer-bitcoin-gold%0A%0A\n Yes CPU,\n",
      "json_metadata": "{\"tags\":[\"cryptocurrency\"],\"app\":\"steemit/0.1\",\"links\":[\"https://github.com/StarbuckBG/nheqminer-bitcoin-gold\"]}"
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      "parent_author": "freeskaro",
      "parent_permlink": "something-interesting-is-happening-in-the-little-corner-of-the-crypto-world-that-is-freicoin",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-freeskaro-20171102t034623000z",
      "title": "",
      "body": "Congratulations @freeskaro! You have completed some achievement on Steemit and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstcomment.png)](http://steemitboard.com/@freeskaro) You made your First Comment\n\nClick on any badge to view your own Board of Honor on SteemitBoard.\nFor more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)\n\nIf you no longer want to receive notifications, reply to this comment with the word `STOP`\n\n> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notifications.png\"]}"
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  "op": [
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    {
      "parent_author": "engineeringsteem",
      "parent_permlink": "btg-mining-started",
      "author": "freeskaro",
      "permlink": "re-engineeringsteem-btg-mining-started-20171102t013358197z",
      "title": "",
      "body": "@@ -95,8 +95,84 @@\n ing LOL.\n+%0A%0AI don't know if I am on a testnet or mining, but it appears to be working.\n",
      "json_metadata": "{\"tags\":[\"cryptocurrency\"],\"app\":\"steemit/0.1\"}"
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  "op": [
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    {
      "parent_author": "engineeringsteem",
      "parent_permlink": "btg-mining-started",
      "author": "freeskaro",
      "permlink": "re-engineeringsteem-btg-mining-started-20171102t013358197z",
      "title": "",
      "body": "@@ -76,16 +76,23 @@\n %0AYes CPU\n+, baby,\n  mining \n",
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      "parent_permlink": "btg-mining-started",
      "author": "freeskaro",
      "permlink": "re-engineeringsteem-btg-mining-started-20171102t013358197z",
      "title": "",
      "body": "@@ -55,42 +55,11 @@\n  -u \n-17NBnoC38mQibGNdxntM3EWDjyu5nJ6NgS\n+xxx\n  -t \n",
      "json_metadata": "{\"tags\":[\"cryptocurrency\"],\"app\":\"steemit/0.1\"}"
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      "parent_permlink": "btg-mining-started",
      "author": "freeskaro",
      "permlink": "re-engineeringsteem-btg-mining-started-20171102t013358197z",
      "title": "",
      "body": "I connected with:\n nheqminer -server eu.pool.gold:3044 -u 17NBnoC38mQibGNdxntM3EWDjyu5nJ6NgS -t 2 -od 0. \n\nYes CPU mining LOL.",
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      "author": "freeskaro",
      "permlink": "re-engineeringsteem-btg-mining-started-20171102t011714806z",
      "title": "",
      "body": "Well you should be able to use any Bitcoin address you have...",
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      "parent_author": "freeskaro",
      "parent_permlink": "something-interesting-is-happening-in-the-little-corner-of-the-crypto-world-that-is-freicoin",
      "author": "fcecin",
      "permlink": "re-freeskaro-something-interesting-is-happening-in-the-little-corner-of-the-crypto-world-that-is-freicoin-20170930t145815761z",
      "title": "",
      "body": "I'm not an economist, but I've been thinking about basic income and Silvio Gesell's demurrage mechanism for years now. I've come up with a currency simulation that employs both basic income and demurrage. You can play with it here: https://democratic.money\n\nNow, I think that Gesell meant demurrage as a companion mechanism to money creation. The main goal of demurrage was to encourage circulation in a real economy, running in a real place where people had no currency alternative whatsoever (\"spend or watch your money rot\"). A side-effect was that it also maintained a constant supply of the currency: if you create currency at a fixed rate (X units every T time interval), but destroy a percentage of it (a form of negative interest on the money itself, wherever it may be), then if you do the math you arrive at some constant total money amount in circulation. Which is essentially what Bitcoin arrives at, except Bitcoin has a 0% demurrage rate and a 0% money creation rate (the mining rewards are just one long-running airdrop that uses hashpower to identify recipients).\n\nFreicoin is a tough sell, because why buy it when you can buy any one of thousands of other deflationary cryptocurrencies instead? The demurrage rate has no real function if you are not going to use it to move a real economy. The only thing Freicoin's demurrage does is to create a perpetual mining subsidy, that is, miners don't earn just transaction fees, that is, fees from accounts that are moving money, but also demurrage fees, that is, a fee or tax from money that is sitting still and not moving.\n\nPeople who lived in that Austrian town where Gesell created the local currency with demurrage had no money whatsoever. They did not have to purchase the demurrage money with other money. Instead, they sold their idle work *into* the demurrage currency, which itself was created by the town. The key was the ability of the town hall to create money, and to use that money to bootstrap the exchange of efforts between the townspeople. Demurrage was a mechanism applied over that created money. Demurrage by itself makes no sense.\n\nHowever, I have to say that, when Bitcoin runs out of block subsidies, it is not clear if miners will be able to continue operational. It may be the case that Bitcoin is actually an economic time bomb, and to survive, the Bitcoin network *will have to* change its block subsidy function to either demurrage (to regenerate the block subsidy indefinitely) or get rid of the fixed supply paradigm (e.g. Dogecoin, present Ethereum, etc). But so far the market cap of cryptocurrencies in general are still catching up to the fact that physical commodities such as gold are no longer the only game in town for \"wealth storage.\" Current estimates go as far as assigning 100 trillion to the entire cryptocurrency market, which would give Bitcoin 50 trillion at its current market share. That ballooning in valuation is diverting attention from the economics of fees versus the economics of block subsidies (a 0.01-Bitcoin block-subsidy is worth 2.4 million dollars if the Bitcoin market cap reaches 50 trillion).\n\nSo, Freicoin's use of demurrage, when applied to the current crypto market of wealth storagem and not to a real economy which needs money creation to function, is actually a solution to the miner incentive problem. Freicoin's demurrage is actually a competitor to blocks giving a constant block subsidy such as Dogecoin, Ethereum or even things like Reddcoin (which gives percentages of stake balances, i.e. percentage-points inflation just like fiat currencies). By finding an ideal demurrage rate which is completely unrelated to the rates that Silvio Gesell developed (e.g. 12% a year), Freicoin can provide an unique solution to the miner incentive problem, and leave basic income--which relies on identification of individual people, which is a really messy and difficult problem--to other projects (such as the one I'm working on).\n\nIn my search for a demurrage-rate parameter for wealth-storage economies, I arrived at things like 0.1%, and 0.25%, 0.35% and even 0.5%, and at most 1%. The order of magnitude for that kind of fee is from the economics of \"negative interest rate investments.\" They exist: some central banks and governments issue strange bonds that are worth a bit less than what you purchased for. You get a fixed negative interest rate. They have some purpose that I forget what it is all about (you can look it up on Wikipedia), but they do definitely exist. Moreover, the \"robin hood tax\", which is being considered in the US and that was already applied successfully in Brazil, hovers around .25% and .35%.\n\nHope this helps.",
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      "parent_permlink": "freicoin",
      "author": "freeskaro",
      "permlink": "something-interesting-is-happening-in-the-little-corner-of-the-crypto-world-that-is-freicoin",
      "title": "Something interesting is happening in the little corner of the crypto-world that is Freicoin",
      "body": "@@ -4762,16 +4762,23 @@\n e here: \n+http://\n www.frei\n",
      "json_metadata": "{\"tags\":[\"freicoin\",\"cryptocurrency\",\"blockchain\",\"demurrage\",\"bitcoin\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\",\"links\":[\"https://freicoinalliance.com/topic/178-future-of-freicoin/?do=findComment&comment=2929\",\"http://www.freiexchange.com\"]}"
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      "parent_permlink": "freicoin",
      "author": "freeskaro",
      "permlink": "something-interesting-is-happening-in-the-little-corner-of-the-crypto-world-that-is-freicoin",
      "title": "Something interesting is happening in the little corner of the crypto-world that is Freicoin",
      "body": "@@ -4588,16 +4588,210 @@\n n funds.\n+%0A%0AFor more information on the future of Freicoin see here:%0Ahttps://freicoinalliance.com/topic/178-future-of-freicoin/?do=findComment&comment=2929%0A%0AFor the exchange see here: www.freiexchange.com\n  %0A%0AOh. D\n",
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      "permlink": "steemitboard-notify-freeskaro-20170906t030502000z",
      "title": "",
      "body": "Congratulations @freeskaro! You have completed some achievement on Steemit and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/firstvoted.png)](http://steemitboard.com/@freeskaro) You got a First Vote\n\nClick on any badge to view your own Board of Honor on SteemitBoard.\nFor more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)\n\nIf you no longer want to receive notifications, reply to this comment with the word `STOP`\n\n> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!",
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