Talk:ODCoin: Difference between revisions
(Added some thoughts on faircoin as a possibility.) |
Lex Berezhny (talk | contribs) No edit summary |
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--[[User:Eric|Eric]] ([[User talk:Eric|talk]]) 22:07, 10 Febuary 2018 (UTC) | --[[User:Eric|Eric]] ([[User talk:Eric|talk]]) 22:07, 10 Febuary 2018 (UTC) | ||
You'll have to be a lot more specific, there are tens of thousands of crypto currencies out there. | |||
What about Faircoin do you like? | |||
What problems does it solve (that other cryptos don't)? | |||
Why do you think it's a good fit for OSE? | |||
According to this post on bitcointalk, the exchange rate of FairCoin to EUR is decided by committee: https://bitcointalk.org/index.php?topic=702675.msg28217734#msg28217734 | |||
When exchange rates are decide by committee instead of market forces that's a huge RED flag to me. | |||
What's the economic model of faircoin? Why is it called fair? Is it "fair" as in communism? | |||
Would be useful if you could compare and contrast FairCoin vs. Duniter vs. Ethereum (w/ Casper consensus instead of PoW). | |||
In my opinion FairCoin utterly fails to be fair because it rewards early adopters and punishes anyone who didn't get the early payouts (since no new coins are created and you have to be wage slave to get the previously created coins from the early fat cats). It's an unequal opportunity to create wealth, which Relative Theory of Money (implemented by Duniter) addresses: http://en.trm.creationmonetaire.info/solutions.html#b-optimisation-et-esperance-de-vie | |||
--[[User:Lex Berezhny|Lex Berezhny]] ([[User talk:Lex Berezhny|talk]]) 00:00, 11 February 2018 (CET) | |||
Revision as of 23:00, 10 February 2018
What about Faircoin, they seem like a good option as well:
--Eric (talk) 22:07, 10 Febuary 2018 (UTC)
You'll have to be a lot more specific, there are tens of thousands of crypto currencies out there.
What about Faircoin do you like?
What problems does it solve (that other cryptos don't)?
Why do you think it's a good fit for OSE?
According to this post on bitcointalk, the exchange rate of FairCoin to EUR is decided by committee: https://bitcointalk.org/index.php?topic=702675.msg28217734#msg28217734
When exchange rates are decide by committee instead of market forces that's a huge RED flag to me.
What's the economic model of faircoin? Why is it called fair? Is it "fair" as in communism?
Would be useful if you could compare and contrast FairCoin vs. Duniter vs. Ethereum (w/ Casper consensus instead of PoW).
In my opinion FairCoin utterly fails to be fair because it rewards early adopters and punishes anyone who didn't get the early payouts (since no new coins are created and you have to be wage slave to get the previously created coins from the early fat cats). It's an unequal opportunity to create wealth, which Relative Theory of Money (implemented by Duniter) addresses: http://en.trm.creationmonetaire.info/solutions.html#b-optimisation-et-esperance-de-vie
--Lex Berezhny (talk) 00:00, 11 February 2018 (CET)