Belgian e-Frank: A first draft

Submitted by damien on Mon, 02/12/2018 - 20:07

Introduction

The name "BeFrank" is short for the Belgian e-Frank. BeFrank is our plan-b for Belgium in terms of monetary and financial turmoil. We intend to provide all the infrastructure and incentives to democratise money. BeFrank is money by Belgians, for Belgians and under the control of Belgians, or anyone who feels part of our community for that matter.

Logo

 

Notes on Cryptonote

Submitted by befrank on Sat, 02/03/2018 - 16:37

Bitcoin's challenges

Cryptonote's creators spotted some (ideological?) issues in Bitcoin's (Blockchain's poster child currency) approach, and set out to solve them. The key issues seemed to be:

  1. Bitcoin is fundamentally a pseudo-anonymous electronic cash system. Workarounds have been made but they remain just that: workarounds. For example: the IRS analyzing transactions to find tax cheats

How can I help?

Submitted by befrank on Sun, 01/21/2018 - 20:36
  • There are expenses associated with building and running the BeFrank so we've created a transparent-by-design collective over at http://opencollective.com/befrank# if you want to contribute.
  • A currency is nothing without a community that legitimizes it so join the conversation in the community over at https://www.facebook.com/groups/975678209276373/ (please note: currently a Closed Group while in experimentation phase).
  • For the hardcore crypto fan

Miner Troubleshooting

Submitted by befrank on Sun, 01/21/2018 - 20:32

Tired of your computer making too much noise? By default the miner will use your all your available processor cores. If you want to limit this (e.g., to 2) try:

 

./minerd -o http://127.0.0.1:18322 -u bfryourusernamehere -p bfryourpasshere -t 2

Miner Help:

Run the command to produce the below help menu: ./minerd --help

 

Usage: minerd [OPTIONS]

Options:

  -a, --algo=ALGO       specify the algorithm to use

Wallet Troubleshooting

Submitted by befrank on Sun, 01/21/2018 - 20:30
  • My Wallet has BeFranks on its balance but some of them are marked as "Immature". What does this mean?

Cryptocurrencies get their trust from the network, and many miners participate in this network. When you have Immature coins it means that they have been mined (e.g., by yourself) but more blocks are need to confirm them as mainstream on the network. Give it some time (until more blocks are mined on the network) and you'll find them in your main balance.