Freicoin

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Freicoin is a cryptocurrency first mind on December 21, 2012. It is based on the same "proof-of-work" block chain used by Satoshi Nakamoto for Bitcoin, but it has a "demurrage fee" holders pay to guarantee circulation.[1] According to Freicoin, this fee "eliminate[s] the privileged position held by money compared with capital goods, which is the underlying cause of the boom/bust business cycle and the entrenchment of the financial elite.”[1]

References

  1. 1.0 1.1 Bitcoin Competitors: What You Should Know About 6 Alternative Cryptocurrencies by Ryan W. Neal (January 14, 2014), International Business Times