Thank you all for your comments.
I read all the information in faircoin website, knowing the opinions/doubts from people around me it seems that faircoop must address all possible questions in a very down to earth way. The big economical problems we live in are driven from the lack of economical culture of the people, the lack of transparency of the system that makes people not wanting to know. And criptocoins are still very very far away from people who should be interested in use them, even as a political tool (for instance, some of my friends hate any kind of relation with money, saying that shouldn't exist).
Maybe I have some time during the weekend to read all the posts here and take some notes about simple answers to hard questions (don't know if anybody is doing this or have done...?) There is one in particular that I believe that can make make commune people approach more or less from criptocurrencies: the euros that received from the getfaircoin are transparent, can we see what amount and know what are they used for?
Only this last week I started to spend more time reading random news about kriptocoins and it's very easy to see the effort, the barriers and the smock that the media in general put to turn people away from a system that is effectively an alternative to state money. Do you recommend any written text or book that address in a positive way the connections between kriptocoins and the creation of a better world, or in a more philosophical way, the fairness of using the tools of the systems to fight it back...
Please forgive me this very short answer, but if you want to know more about FairCoin/FairCoop and about how we're going to change the world please read here: https://fair.coop/http://coopshares.net/And see here for our further plans to make FairCoin fairer. The white paper for FairCoin V2.0: https://fair.to/fc2regs Thomas |
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Okay, seriously: why is this coin $2M?
I really understand that somebody who is new to FairCoin/FairCoop is overwhelmed with the fullness of projects, dedicated people, great ideas and with the vision all collaborators share: to build a new global economic system based on cooperation, ethics, solidarity and justice in our economic relations. Read: https://fair.coop/faircoop/regs Thomas |
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https://fair.coop/docs/new-faircoop-startup-p2p-equity-crowdfunding-and-liquidity-fund/
FairCoin 2.0 will be an important blockchain-based innovation to allow the Faircoin blockchain to function, secured with ‘proof of cooperation’, and bring to the world a really functional alternative to the current unfair systems that are based on competition between nodes: ‘proof of work’ and ‘proof of stake’.
(A link to the white paper on this project will be added).interesting...  Yes, I'm currently working on the white paper for FairCoin 2.0. We want FairCoin to become fairer by securing the block chain through cooperation of nodes instead of competition. Also, FairCoin should not give advantage to the rich, we address this issue too! That's why we decided to go for a new version. The public release of the white paper and the following discussion will start soon... This is going to be exciting!  regs Thomas Yeah PoS just increases the holdings of the largest holders the fastest. So we're back with the wealthiest getting wealthier the fastest by default. Maybe DPoS (Delegated Proof of Stake) could work where chosen and favoured individual coops run the staking nodes only. Which are decided by a vote held by a FairCoop DAO or similar. Say where the FairCoin DPoS DAO votes to decide which project is adding the most benefit to the ecosystem. So then get's the right to run one of the 101 equal delegated staking nodes. Staking can now be done on a RasberryPi and they only use about 5W iirc. It may actually be profitable to run a 24/7 node. So the staking profits they earn could be used for supporting FairCoop projects only. After all electricity and running costs are removed. I personally would provide a Rpi and run a not for profit staking node. Where all staking turnover after running and hardware costs are put into Coopshares Investment Fund (CIF). And all profits from that reinvested back into the CIF. Node count does look to be increasing now though along with the price and market cap. I think there was usually around forty nodes at any one times. And today there's over fifty currently. Looks like more users are currently being tempted to start staking. I anticipate as much as that there will be no PoS any more. Instead, there will be CVNs (certified validation nodes) which work together. |
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https://fair.coop/docs/new-faircoop-startup-p2p-equity-crowdfunding-and-liquidity-fund/
FairCoin 2.0 will be an important blockchain-based innovation to allow the Faircoin blockchain to function, secured with ‘proof of cooperation’, and bring to the world a really functional alternative to the current unfair systems that are based on competition between nodes: ‘proof of work’ and ‘proof of stake’.
(A link to the white paper on this project will be added).interesting... Yes, I'm currently working on the white paper for FairCoin 2.0. We want FairCoin to become fairer by securing the block chain through cooperation of nodes instead of competition. Also, FairCoin should not give advantage to the rich, we address this issue too! That's why we decided to go for a new version. The public release of the white paper and the following discussion will start soon... This is going to be exciting! regs Thomas |
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there is a .psd file of official faircoin logo ?
PM me your email address and I will send it to you  regs Thomas |
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Nice! I have sent the email, hope I did it right!
Yes, DragoStefan. I have just refunded your coins. regs Thomas |
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Also alfmad, you will need to make a new copy of the wallet.dat after using the wallet a few times even if you don't create any new wallet addresses yourself. And by using the wallet I mean sending funds plus also yes every time you create a new wallet address. As if FairCoin wallet is the same as Bitcoin one it creates a new change address after every 100 outgoing transactions iirc. You could also back your wallet.dat up in the cloud once you have encrypted your wallet. Like in a free Dropbox, Google Drive or SpiderOak account. In case your USB stick is ever lost or damaged.
Uhhh, what ?? Is this true  if yes then this is completely new to me. I was under the impression that a backup of the wallet.dat file is a backup that can ALWAYS be restored. But now I understand that you have to make regular copies ( ) Can you please explain why this is so ? And if I just have my initial backup, what will happen if I restore after I've done alot of transactions ? A wallet.dat can always be restored. Although I think for Bitcoin and most clones the wallet creates a new change address for transactions. At least every 100 transactions. As when you make a TX all of the coin at an address that is not needed to fulfill the transaction is returned to you as part of the same transaction. So you only need to do new backups of your wallet.dat when creating new wallet addresses. Or if the wallet gets used for sending lots of transactions. The following Bitcoin wiki page helps explain transaction change addresses more - https://en.bitcoin.it/wiki/Change - The wallet file contains the private keys for change addresses, and they can receive and send coins normally. However, the GUI in the default client does not display them in the address book, therefore a recommendation is to backup wallet.dat every 50 transactions. hi, Just wanted to add that if you're using our Android wallet ( https://fair.to/androidwallet) or the forthcoming Electrum wallet one backup is enough because these are both HD wallets ( https://github.com/bitcoin/bips/blob/master/bip-0032.mediawiki) regs Thomas |
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Just bought a few thousands of Faircoin and I am a bit worried about security since this is my first wallet and first time I ever buy a virtual coin. The main problem I see, cause I use a wallet to keep my coins if I lose the data in my computer by any reason.
I am saving the wallet.data file in an external USB storage and I am just wondering if I lose my computer files, it will be enough to keep this .data file to recover my wallet with a new Faircoin software installation? Do I need to keep anything else?
Regards & congratulations for your work
Welcome alfmad, if you keep a backup of your wallet.dat file you are safe. This file contains all you private data. But make sure have it encrypted! If you haven't done so, you can encrypt it by opening your wallet and go to the menu and choose Settings -> Encrypt wallet... Choose a good password with at least 8 better 10 characters. For more information see here: https://fair-coin.org/#backupregs Thomas |
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There is a problem with Vaultex.io exchange.
I bought nearly 1500 FAIR yesterday and made a withdrawal.
My FAIRs just lost. TXid bbf5b4207d941299697aeeba2c59d9ac3699d455a3d0aa21803f54afd791a48f - not found on the blockchain.
Seems that we have to exclude this exchange from the list of working exchanges.
Yes, I also noticed yesterday and removed vaultex from fair-coin.org. I believe that this exchange is no longer operational! I just updated the OP. They most probably run on a wrong chain. Maybe on a v1.5.0 chain with corrupted database or even on an old 1.2.0 chain. Anyway, don't use this exchange any more. regs Thomas |
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yep same coin but you need to check by yourself with the new wallet because of the recovery block FYI, we never touched any coins that have been bought. Only coins that were freely distributed and never have been moved and never staked any block had been recovered. |
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thokon00 if i want make a vanitygen address which number should i use for -X ?
e.g. ./vanitygen -X 95 fJackThis will give you a working address |
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Doing some 'wallet testing' for friends  FairCoin; sharing it, loving it Gr8 Job!! drakandar! Thnx, but most kudo's go to Canton Becker for creating (for BitCoin) it in the first place, then to Thomas for adapting it to FairCoin I only did the technical stuff, but Tereseta did the wonderful graphical design, thanks again to Tereseta! And thanks to to Canton Becker too. Here a link where you can try out the wallet: http://fair-coin.org/paperwallet/?design=alt-faircoinAnd here you can download it to run it locally (for the pros): https://github.com/FairCoinTeam/faircoinpaperwalletregs Thomas |
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Hi all, here we go, this is the first screenshot of the new Electrum wallet for the FairCoin network. I hope I will be able to release it within the next 2-3 weeks. The Encompass multi coin wallet should follow soon. regs Thomas |
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There is a new Electrum fork called Encompass. That stores bitcoin, litecoin, mazacoin, via and dash coins all in the same wallet. For a new coin to be added it already needs a working Electrum fork and at least one working Electrum server. Electrum is a great secure lightweight wallet and with its BIP39 wallet regeneration seeds. It's probably the best and easiest way to set up an offline paper wallet. I think it should be a high priority to get the Electrum wallet forked for FairCoin. https://maza.club/encompass Yes, we like Electrum! I forked it already and successfully ported it to the FairCoin network. So it's done already, but it still needs more testing before we release it to the public! @matthewh3, if you or anybody else likes to test the latest member of the FairCoin wallet family please contact us at support ( at ) fair-coin.org! Closed beta should start during the next week. BTW, we registered the old domain fair-coin.info. This helps to direct people to the right information when they hit older content on web sites we can not control. regs Thomas |
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Testing out Bitbill payment system. In basics everything works. Except that I think that the amount contains too many fraction digits and therefor the payment link / QR code didn't work.. I had to do the payment 'manually'... Already contacted support Now waiting for the payment magic to happen the next workday +1 on speed; payment received this morning Wow, very impressing! @Bitbill, good job, thank you for that! regs Thomas |
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Announcing the new FairCoin wallet for Android devices Hi all, We are really happy to announce the general availability of the FairCoin wallet for Android devices in the google play store! It is based on the great work of Andreas Schildbach the creator of the Bitcoin wallet for Android. Although there are currently no known issues we still want to call it a beta version. To install the wallet just open the google play store on your device, enter FairCoin in the search box and install it the usual way. We'd love to get many (hopefully positive) reviews and ratings in the play store. Here you can visit the google play store page: https://fair.to/androidwalletSo, go ahead and get the last cheap FairCoins on bittrex and try the new wallet! Feedback is very appreciated. regs Thomas |
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how long will it takes for minting?..i have 5 batch of minting that age at 34-52days..but it seems hard to mint for i already open the wallet for couple hours
You have the minting submenu where you can get the % of minting in 10 mnutes, 1 hour, etc for every transaction to look at this probability questions. It depend of the age of every transaction (ages takes in account amount and days of every transaction) ya i know,thats why i'm wonder why it takes much more time than the menu estimated..all those batchs are supposed to be minting in 10 minutes or is it possible something wrong with the new wallet? Not, are not suposed to mint in 10 minuts, as i said it depends of the age of every transaction, and this could take hours, days or weeks depending of the amount. Hey guys, also note that the probability of staking a new block depends heavily on the current difficulty. If you take a look here https://chain.fair-coin.org/rt/connected-nodes.html at the upper right of the page you see the current difficulty. It is quite high at the moment, which makes it harder for transactions with smaller amounts to stake a block. regs Thomas |
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Recommended FairCoin wallet update v1.5.1 2. The wallet complains about a corrupted database found and advises you to delete the directory 'txleveldb' and rename the file 'blk0001.dat' to 'bootstrap.dat' in the FairCoin data directory. Please follow the instructions. Upon restart of the wallet it will then re-load the block chain from the file 'bootstrap.dat' and rebuild the index. Do not interrupt this process. It will take about 10-20 min. depending on your hardware. Hmm. I think it's simpler to just delete everything except the wallet.dat and the peers.dat and the Faircoin.conf (or .info) if you have one. Is there anything that speaks against doing that? I just did that after my wallet complained and it seems fine. Although now it seems to open a lot faster than before. Hi gadado, deleting everything except the wallet.dat file is also a possible way to do it, but you have to re-download the complete block chain, otherwise it will just be red from the bootstrap.dat file. For some people download volume still matters. regs Thomas |
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Recommended FairCoin wallet update v1.5.1 Hi, we have been receiving some reports from users about their wallets not synchronizing to the network. I had been looking into this for the last 3 days to find out what causes the odd behaviour. My analysis revealed that the block index database got corrupted. It was very hard to track down the problem because it has to do with concurrent block processing in the wallet. Anyway, I am very confident that the changes I made to the code base fix the problem and all wallets will synchronize again without any problems. Therefore I complied a new FairCoin wallet release v1.5.1. All users of FairCoin are advised to upgrade to the latest version now. We consider this a critical bug because the impact on the block chain is rather unpredictable, so please install the latest release which is available here: http://fair-coin.org/#walletAfter the upgrade one of two things can happen: 1. The wallet starts normal without any problem. Your block chain database was intact. No user action required. 2. The wallet complains about a corrupted database found and advises you to delete the directory 'txleveldb' and rename the file 'blk0001.dat' to 'bootstrap.dat' in the FairCoin data directory. Please follow the instructions. Upon restart of the wallet it will then re-load the block chain from the file 'bootstrap.dat' and rebuild the index. Do not interrupt this process. It will take about 10-20 min. depending on your hardware. Please note that the database corruption only affects the block chain index data not the wallet.dat file which contains your FairCoins. Your coins are and were safe! This is not a mandatory update but it is highly recommended to upgrade as soon as possible because you never know if you wallet is affected. In case your wallet does not display the right balance follow the step described here: https://bitcointalk.org/index.php?topic=702675.msg10833187#msg10833187Thanks to Mario and Graham who kindly provided corrupted block chain data for analysis. regs Thomas |
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