[ANN][FAIR] FairCoin - for a fair economy, featuring proof-of-cooperation

[Mandy1749]

what a long story!!!

i have a question.
one of my friend got faircoin from the free Distribution, and he never move it to another address or never use it,
i want to know that if he can get his coin back after this reborn or he just lost it?

[1715269166]

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[1715269166]

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[1715269166]

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[smartaction]

what a long story!!!

i have a question.
one of my friend got faircoin from the free Distribution, and he never move it to another address or never use it,
i want to know that if he can get his coin back after this reborn or he just lost it?

The easier action to do, is mint or move this coins during the next week before the new wallet release. By this way, the change will be updated automatically
and we dont will need to do nothing more for him mantaining the ownership.   

[ninjaskip]

what a long story!!!

i have a question.
one of my friend got faircoin from the free Distribution, and he never move it to another address or never use it,
i want to know that if he can get his coin back after this reborn or he just lost it?

The easier action to do, is mint or move this coins during the next week before the new wallet release. By this way, the change will be updated automatically
and we dont will need to do nothing more for him mantaining the ownership.   

I think this change to sha is great and is also great to get rid of this 6 million missing coins.
To me Faircoin was just a pump and dump until you guys came up and give a real use for it.

And when a pump and dump happens the one who pump and dumps any coin gets to walk out with a big profit and also millions of coins.
So by changing to sha and taking back this 6 million coins will put Faircoins into 100 percent good hands.
Just my point of view.

[smartaction]

what a long story!!!

i have a question.
one of my friend got faircoin from the free Distribution, and he never move it to another address or never use it,
i want to know that if he can get his coin back after this reborn or he just lost it?

The easier action to do, is mint or move this coins during the next week before the new wallet release. By this way, the change will be updated automatically
and we dont will need to do nothing more for him mantaining the ownership.   

I think this change to sha is great and is also great to get rid of this 6 million missing coins.
To me Faircoin was just a pump and dump until you guys came up and give a real use for it.

And when a pump and dump happens the one who pump and dumps any coin gets to walk out with a big profit and also millions of coins.
So by changing to sha and taking back this 6 million coins will put Faircoins into 100 percent good hands.
Just my point of view.

Thanks!

Only to make it clear, at most 4 M will be recovered, not the 6.5 M lost...

[gadado]

How can I make sure to not lose my FairCoin's?

Do I have to mint or move the coins?

I have some from the early distribution and although I keept my Wallet up to date I never let it open long enough to mint.
Also I never moved them anywhere else because there was no need to. I am not into quick money.

I followed that coin from the beginning and I find that FairCoop project interesting.

Reading the latest post I have to say I saw that problem coming. Although I welcome that you choose that coin for your project because I have some for the projects perspective I couldn't really understand the motivation to take an already distributed coin instead creating a new one.

This 2 mil "dead" money as you see them are probabily hold to a big part from ppl like me. Some might have completly forgotten about their coin. They might come forward at a later time and create a "mess"

[thokon00]

How can I make sure to not lose my FairCoin's?

Do I have to mint or move the coins?

I have some from the early distribution and although I keept my Wallet up to date I never let it open long enough to mint.
Also I never moved them anywhere else because there was no need to. I am not into quick money.

I followed that coin from the beginning and I find that FairCoop project interesting.

Reading the latest post I have to say I saw that problem coming. Although I welcome that you choose that coin for your project because I have some for the projects perspective I couldn't really understand the motivation to take an already distributed coin instead creating a new one.

This 2 mil "dead" money as you see them are probabily hold to a big part from ppl like me. Some might have completly forgotten about their coin. They might come forward at a later time and create a "mess"

You would not loose them, even if you just did nothing. But to keep things simple, leave your wallet open to let it mint or better move those coins to a new address in your wallet. But, you don't need to create a completely new wallet. Just use the one you have, create a new address and move your coins there.

regs
Thomas

[bhokor]

Hi, i´m running the beta wallet we only have 4 1.5 beta nodes at the moment, we need more people running beta nodes please

thank you all

[bitdraw]

could you decrease the time until coins are mature for pos generation? the 21 days or what it is now is extremely long...

[smartaction]

Hi, i´m running the beta wallet we only have 4 1.5 beta nodes at the moment, we need more people running beta nodes please

thank you all

i am one of them

Tested all of this and works smoothly

1. Download block chain
2. Send coins standard way
3. Send coins with coin control
4. Receive coins
5. Staking
6. Using existing wallet.dat file with the new software (also useful for
point 5)

[fresher]

Hello all,

I'm running the beta 1.5 also and the receivings are ok, the sending with or without 'Coin Control' also good, and also the minting seems to work ok...

The only mistery I found is that the address of a friend, which I used to send him betaFAIRs, now appears as one of MY addresses for recieving (¿?), instead of appearing in the address book with the label I've set...
This can be a bug, when saving the address in a sending operation?

Apart from this, the wallet is much faster!
thanks for improving the coin!

[thokon00]

could you decrease the time until coins are mature for pos generation? the 21 days or what it is now is extremely long...

Why do you think it's too long? What would be better if it was 1 or 2 days? PeerCoin has 30 days...

[drakandar]

I tried to download the BETA Raspberry Pi release, unfortunately it gave me a 404 Not Found on:
https://chain.fair-coin.org/download/faircoin-rpi-sha256-beta.tar.bz2

[thokon00]

I tried to download the BETA Raspberry Pi release, unfortunately it gave me a 404 Not Found on:
https://chain.fair-coin.org/download/faircoin-rpi-sha256-beta.tar.bz2

Uups, I had the link wrong. It's corrected now 

https://chain.fair-coin.org/download/faircoin-rpi-sha256-beta.tar.gz

[smartaction]

Hello All

The release of the New Faircoin Wallet 1.5 with the new SHA-256 blockchain, is scheduled for thursday 26 february. The release procedure will be published very soon.

Anyway is important to take in account that, this new wallet will not be able for downloads until the 26 itself. Therefore you will need to be pending for 26 to finish the use of the current wallet, and begin the usage only of the new one.

keep pending of more updates! 

[krapo]

After reading the statement of smartaction, I can say I support 100% the idea of getting back the lost coins.

[Zombie123]

The value of this coin was zero without support from FairCoop Team. I Support the decision to recover the lost 4M coins..

[smartaction]

The new generation of ethical online marketplaces is coming
http://www.shareable.net/blog/ethicalbay-the-coop-version-of-amazon-but-for-ethical-goods

We continue working on fairmarket and are going to collaborate with them promoting to accept faircoin
https://fair.coop/groups/fairmarket/forum/topic/sharing-knowledge-and-experience-from-similar-fair-markets/#post-4504

[luvbeening]

do we need to move our coins in wallet to an exchange before the application of new algo?

[smartaction]

do we need to move our coins in wallet to an exchange before the application of new algo?

No, it will be compatible with your wallet.dat file

in some minuts we are going to publish here all the steps that we will need to  do 

[FairCoinTeam]

FairCoin v1.5.0  NEXT RELEASE  THURSDAY 26TH of FEBRUARY
Overview

This release contains some major changes to FairCoin. Our aim is to develop FairCoin further and prepare it for broad adoption. With the changes we've made to the code base the development of merchant applications, alternative FairCoin wallets and mobile applications now becomes easier and can be implemented faster. We have improved the performance of the FairCoin wallet significantly. The overall speed gain and still maintaining the same high level of block chain security is also a prerequisite to establish a reliable and stable monetary system for https://Fair.Coop.

What do you need to do

On thursday, the 26th of February 2015 at block height 94613 all versions older than v1.5.0 are obsolete and must not be used any more. It is best to avoid using the old wallet the entire day, although it is possible to use it until block 94613 occurred on the network. At around 19:00 - 23:00 UTC the new wallet will be available for download here: http://fair-coin.org/index.html#wallet

 After you have downloaded the new release, please follow the guide below.

   1.  Make a copy of your wallet.dat file and store it at a safe place! Write down the FAIR balance that is displayed in your old wallet.
   2.  If you haven't done yet make a copy of your wallet.dat file and store it at a safe place!
   3.  If you missed step one and two, make a copy of you wallet.dat file and store it at a safe place!
   4.  Now, after you made a copy of your wallet.dat file and stored it in a safe place, delete the entire FairCoin data directory
  5.   Start the new wallet and let it download the new block chain. This takes about 10 to 30 minutes depending on your internet connection and your computers performance. (Your balance will NOT be displayed yet, so don't worry!) Also, you should not create a FairCoin.conf file, it is not needed.
   6.  After your new wallet successfully synchronized to the network, stop it
   7.  Copy your old wallet.dat file (you made a backup copy of earlier) to the newly create FairCoin data directory
   8.  Start the wallet again and it will display your complete balance (if your balance differs from the one your wrote down please contact us at support@fair-coin.org)

Please note that there will be timely gap of about 1 to 3 hours between the end of the old block chain and the availability of the new wallet version because we have to convert the hole block chain and build and deploy the new binary release. This means that the old and the new version can not be used at the same time, because the new wallet does not work on the old block chain and vice versa.
Questions and support

If you still have any questions or need support please contact our forum thread here or contact us directly at support@fair-coin.org.

Further information with the technical details of the block chain conversion process here:  http://fair-coin.org/faircoin-v1.5.0.html