[runn1ng]

Q: What is the Freicoin Foundation? A: The Freicoin Foundation is a non-profit organization, aiming to support sustainability and biodiversity by integrating Freicoin into economical relations.

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.

Q: Why can't you just give these coins to miners (as in Bitcoin). Why do we need a bureaucracy? A: The mining community consists mostly of enthusiasts, not ordinary people who use computers to browse the Internet.

Q: How many coins does the Foundation have? A: The Freicoin Foundation distributes 80% of the total Freicoin money supply through grants. The remaining 20% is a reward for miners, who support the network with their computing power.

Hahaha... no.

[n1c]

My gut tells me that somehow there is room for a "everyone gets N" style ~~virtual currency~~. Like you prove your identity and get the same amount that everyone else gets (scrubbed on transfer) because the whole early-adopters-win thing is sucky.

But this doesn't look like the answer.

[smithzvk]

So, like a virtual allowance?

Is the "whole early adopters win" thing only sucky because you are not an early adopter? Note that I'm not an early adopter either, but it seems a bit nonsense.

Also, BTC is still pretty young, you could still be a relatively early adopter. You could spend a few months researching, and a few tens of thousands of USD to purchase a competitive mining rig, and you could still make a fortune, or you could lose it all. It isn't the same "anybody can do it" world that it used to be, but it certainly is still low barrier to entry. Is this really a dislike of systems that reward personal risk taking?

[tlrobinson]

This is basically what OpenCoin/Ripple is trying to do, but a lot of people don't trust them.

[icebraining]

How would you prove your identity?