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Mastering Bitcoin: Unlocking Digital Cryptocurrencies Mastering Bitcoin: Unlocking Digital Cryptocurrencies by Andreas M. Antonopoulos
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“Freicoin was introduced in July 2012. It is a demurrage currency, meaning it has a negative interest rate for stored value. Value stored in Freicoin is assessed a 4.5% APR fee, to encourage consumption and discourage hoarding of money. Freicoin is notable in that it implements a monetary policy that is the exact opposite of Bitcoin’s deflationary policy. Freicoin has not seen success as a currency, but it is an interesting example of the variety of monetary policies that can be expressed by alt coins.”
Andreas M. Antonopoulos, Mastering Bitcoin: Unlocking Digital Cryptocurrencies
“The private key must remain secret at all times, because revealing it to third parties is equivalent to giving them control over the bitcoins secured by that key. The private key must also be backed up and protected from accidental loss, because if it’s lost it cannot be recovered and the funds secured by it are forever lost, too.”
Andreas M. Antonopoulos, Mastering Bitcoin: Unlocking Digital Cryptocurrencies

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