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

[deepcreek]

60 week ago, There were 50M coins, and now have 51.5M.
I'm don't understand. at this rate, in 100 years there will be lots and lots of coins, then the value can't grow...
true?

dont worry, if this coin is still relevant in 100 years. even 20 years. I think we can all retire.

[1715026266]

1715026266

[1715026266]

1715026266

[Jamil.Kamil]

Nothing is completely Fair in this world except FAIR...😊

[Zombie123]

60 week ago, There were 50M coins, and now have 51.5M.
I'm don't understand. at this rate, in 100 years there will be lots and lots of coins, then the value can't grow...
true?

dont worry, if this coin is still relevant in 100 years. even 20 years. I think we can all retire.

We can retire when 1FAC = 1$ and thats not too far away :p

[smartaction]

As you see in twitter, faircoin is trending in spanish social media after the news of last days

lots of different tweets today
https://twitter.com/hashtag/faircoin

Frontpage in the famous  spanish reddit style www.meneame.net
https://www.meneame.net/story/faircoin-criptomoneda-robin-hood-catalan-expropiaba-bancos/

And the original article http://www.eldiario.es/hojaderouter/internet/Faircoin-criptomoneda-Robin_Hood-Enric_Duran_0_382162478.html
has been shared more than 1300 times in facebook

This is looking really good

suggestions to became so trending in other countries are welcome 

[thokon00]

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/#backup

regs
Thomas

[smartaction]

Just found a 13 pages MEGA article about Faircoin and Faircoop in Vice Magazine UK, you can find the online version here:

http://www.vice.com/en_uk/read/be-the-bank-you-want-to-see-in-the-world-0000626-v22n4

Yeah, i know well this article 
it was firstly published in the US section april 7

Also you can get spanish, portuguese, french and catalan translation here
https://www.oximity.com/article/A-la-fuga-con-el-ladr%C3%B3n-de-bancos-1

[matthewh3]

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/#backup

regs
Thomas

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.

[smartaction]

5000 shops in mexico are available to buy bitcoin today. with chip chap
https://twitter.com/annlionne/status/595921633677856768

In some days this shops will be available also to buy faircoin 

[Anduril_FotW]

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 ?

[matthewh3]

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.

[matthewh3]

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.

[thokon00]

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

[Anduril_FotW]

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.

Aha, ok, I understand ! Thank you for explaining 

So every transaction/ minting action will cause my wallet to create a new adress from an initial pool of 100 adresses.
Once these are all used, the wallet creates 100 new ones and these will need to be included in the backup by creating a new backup at that time.
So for for all my wallet.dat files of coins that I hardly ever use, I am luckily still save 

Thanks for notifying us of this ! 

[Jack Liver]

in coin control features you can set a custom change address and use always that one, this isn't ideal for security but allows to not worry about backups.

deterministic wallets like electrum can be a solution for security and carefree backups

[matthewh3]

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.

Aha, ok, I understand ! Thank you for explaining  

So every transaction/ minting action will cause my wallet to create a new adress from an initial pool of 100 adresses.
Once these are all used, the wallet creates 100 new ones and these will need to be included in the backup by creating a new backup at that time.
So for for all my wallet.dat files of coins that I hardly ever use, I am luckily still save  

Thanks for notifying us of this !  

I'm not sure if the minting transactions count towards the total fifty transactions.  As they are incoming transactions only so new change addresses should never need to be created in your wallet.  AFAIK, it's only after every fifty outgoing transactions that you need to make a fresh copy of your wallet.dat

[smartaction]

New partnership around the Faircoop / Faircoin ecosystem 

Interconnecting financial alternatives | Partnership with BetaBank!
https://fair.coop/interconnecting-financial-alternatives-partnership-with-betabank/



Betabank ( https://betabank.de/) is a community social bank courtesy of the German  cooperative Betacoop (https://betacoop.de/). It aims to generate new pathways designed to lead us towards a practical alternative economy, based on solidarity and focused on people, through the generation of  decentralized economic networks where members can take advantage of mutual credit to meet their basic needs.

An alternative virtual currency called “beta” is used within BetaBank and free accounts are offered, as well as various payment services and innovative financing models.

It offers a Mobile Banking app for iPhone and Android that allows users to pay securely and check their balance via SMS. A very convenient option for interaction which, by the way, does not necessarily require a smartphone and / or internet coverage for use.
Typically, conventional banks are highly restrictive, limiting to their clients (whether individuals or companies) the ability to interact with an online portal owner. With Betabank the opposite is true: the system is more flexible and so the options expand. In the case of individuals, receiving online payment notifications is allowed. And in a business context, the account can be can accessed via an API to automate payments and update internal systems, eliminating the need to perform tedious manual tasks.

One of Betabank’s most important projects is Fairbill ( https://fairbill.com/), a payment processor platform that already includes a variety of payment methods, and will soon also accept Faircoins.
But not only this – also Betabank is currently developing a webwallet of Faircoin that doesn’t require installation: simply by requesting its activation the user is assigned a Faircoin address and can send and receive Faircoins.
Meanwhile FairCoop already has an account with Betabank and has added this option to the GetFaircoin site among its transfer options. GetFaircoin is working to include the Fairbill system and thus enjoy greater autonomy in key payment systems such as the acceptance of cards; at the same time, it is expected that Fairbill will be the tool for transactions of the shortly to be launched Fairmarket.
All these integrations are now, along with the creation of a local node in Leipzig,  some of the first results of the recent alliance between Betabank and FairCoop and all of which means another step toward building collective, transparent and democratically-based financial alternatives for a new economic system; one that is self-managed and outside of the predatory conventional banking system.


So, now you can buy faircoin in http://getfaircoin.net making wire transfer to a german bank account.  

And very soon fairbill will mean an alternative to paypal for buying faircoin using debit and credit card  

[smartaction]

http://p2pfoundation.net/ accept faircoin donations and is very visible in their frontpage with bitcoin 

And in the blog, only appears faircoin http://blog.p2pfoundation.net   

[DragoStefan]

I have a problem, i had some fair coins in an older wallet and now when I updated the blockchain, there are all gone! Please help!

[smartaction]

I have a problem, i had some fair coins in an older wallet and now when I updated the blockchain, there are all gone! Please help!

Hey DragoStefan

At some point we recovered lost coins from the initial giveaway.  We can refund these coins to you.

Please provide to support@fair-coin.org with a signed message for each address, which proves that you are the owner of the addresses. To do this, open your wallet, then choose Sign message from the file menu.

Enter the first FairCoin address from the initial distribution you wish to recover and a text message e.g. the text "recovery: <put your FairCoin address here>" in the field below. Click on 'Sign message' which will create the message signature right above the button. Paste the message and the corresponding signature in an email.

Repeat these steps for every address you wish to recover.

The end result will look something like this:

recovery: fREQHR7aLAT4wmAcs6UpXHTcgi2FWrvQXA
H1AxcIenOTcsmErPhIQleOoXDxh2MRuKbKAVVkq6O6pENnSIQ0S1UBM8HE+8T7tEsxIHVyIpuDkd7NuPfmFr79Y=

recovery: fJFX3QqyqRPv4HGyhcnvrDdH4bTkZy3PkB
H/tPdp2J8x+Mlx7aDCd4Dt4sjpE+WyH70ZijqCHTxs57+1qCeWkw+IyDlhalTOVOzv10bAL8IEPV699U+STutJY=

[smartaction]

New article today in spanish version of  huffingtonpost, talking about me, CIC, FairCoop  and Faircoin

http://www.huffingtonpost.es/pablo-prieto/lo-que-salvados-no-cuenta_b_7224938.html?utm_hp_ref=tw