> 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.
Of the demurrage however, it is perpetually destroyed and recycled through the miners.