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Re:Freicoin: bitcoin-like currency from the Occupy movement by w-ll on Monday June 25, 2012 @02:15PM (#4157798)
So this is a fork of bitcoin? How many changes have you made? Have you started mining with it? Whats to prevent you from mining the difficulty up while we fund your indiegogo?
Re:Freicoin: bitcoin-like currency from the Occupy movement by maaku on Monday June 25, 2012 @03:06PM (#4158120)
> So this is a fork of bitcoin?

Yes.

> How many changes have you made?

In terms of the protocol, chiefly I have instituted mandated transaction fees based age of outputs (and updated the block verification code, wallet and knapsack selection algorithm, etc. to account for this).

There's still a fair amount of code that needs to be written for the Qt user interface and RPC calls to reflect the constantly-changing balance, as a number of sections of the Bitcoin coin base frustratingly assume that account balances stay the same over time.

> Have you started mining with it?

Only on a testnet to prove it out.

> Whats to prevent you from mining the difficulty up while we fund your indiegogo?

I'll have a coordinated release so that everyone can get in on the easy difficulty, and will use the same technique of encoding a news headline in the genesis block to prove I didn't mine it early in secret.

It'll be released with just two blocks pre-mined: the genesis block (hand-crafted), and one follow-on block as a verification step.