> Q: You said that Freicoin is decentralized. But the Foundation makes it centralized!
> A: You are right. But we have no other solution. Initial coins should be distributed to the society.
No. There is a one-time issuance of currency to get the money out there. Of that, 20% goes to the miners over the next 3 years, and 80% is distributed through community-vetted grant and prize proposals.
Of the demurrage however, it is perpetually destroyed and recycled through the miners.
Comments
It's not centralized (according to their site). The value of held money just decays. The money doesn't go anywhere; it just disappears.
No. There is a one-time issuance of currency to get the money out there. Of that, 20% goes to the miners over the next 3 years, and 80% is distributed through community-vetted grant and prize proposals.
Of the demurrage however, it is perpetually destroyed and recycled through the miners.