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.
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:
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.
This is an unedited article written by Kajsa. The viewpoint from an immigrant without programming skills :)
What is BeFrank?
- 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
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
Run the command to produce the below help menu: ./minerd --help
Usage: minerd [OPTIONS]
-a, --algo=ALGO specify the algorithm to use
- 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.