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

[Indal0]

I hope this situation will recover soon!! the price is so low compared with weeks ago in bittrex when lot of people go in, some people is starting to panic sell and this is not good at all. the problem I see is that coinmarketcap only get the stats from bittrex so people are not watching the real stats of the community day by day. I know this becouse I bougth some bunch of fairs with friends and my friends now want to sell it becouse the dump!! (ok, I am buying these coins.. but I cant do it for long time )  I can understand both scenarios (faircoop and buyers) so maybe is good for a while to get out of coinmarketcap until the coin be more stable in price. lot of people are watching a "wrong" prince and getting frightened with that. I say that becouse more people involved in faircoop dont come from crypto and they cant understand how this works ( empty orders books and price droping by that ) so at the end they get scary and panic sell.

cheers!

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[deepcreek]

I hope this situation will recover soon!! the price is so low compared with weeks ago in bittrex when lot of people go in, some people is starting to panic sell and this is not good at all. the problem I see is that coinmarketcap only get the stats from bittrex so people are not watching the real stats of the community day by day. I know this becouse I bougth some bunch of fairs with friends and my friends now want to sell it becouse the dump!! (ok, I am buying these coins.. but I cant do it for long time )  I can understand both scenarios (faircoop and buyers) so maybe is good for a while to get out of coinmarketcap until the coin be more stable in price. lot of people are watching a "wrong" prince and getting frightened with that. I say that becouse more people involved in faircoop dont come from crypto and they cant understand how this works ( empty orders books and price droping by that ) so at the end they get scary and panic sell.

cheers!

It is not possible to just ask a website or exchange to delist us as a coin. Not for informational website`s or exchanges in an open source environment like this

[smartaction]

I hope this situation will recover soon!! the price is so low compared with weeks ago in bittrex when lot of people go in, some people is starting to panic sell and this is not good at all. the problem I see is that coinmarketcap only get the stats from bittrex so people are not watching the real stats of the community day by day. I know this becouse I bougth some bunch of fairs with friends and my friends now want to sell it becouse the dump!! (ok, I am buying these coins.. but I cant do it for long time )  I can understand both scenarios (faircoop and buyers) so maybe is good for a while to get out of coinmarketcap until the coin be more stable in price. lot of people are watching a "wrong" prince and getting frightened with that. I say that becouse more people involved in faircoop dont come from crypto and they cant understand how this works ( empty orders books and price droping by that ) so at the end they get scary and panic sell.

cheers!

It is not possible to just ask a website or exchange to delist us as a coin. Not for informational website`s or exchanges in an open source environment like this

Well, Indalo and for your friends. If the potential value of a coin and the project is behind it, has not changed, this rule apply: You are only go to lost money if you sell lower that you bought. 

If we mantain the price in getfaircoin is because we see that is a good balance after the growing of the awareness and atention to the project and before all the projects that are coming. So, we see that which is wrong is the low price in bittrex that comes from extraselling exposition because a bunch of dead wallets, awaked at the sime time, because saw faircoin in the top 20. This is an especial situation, that not can affect the confidence on the faircoop community in the project. So you can say them "keep calm, and save your faircoin"

[witten01]

you arre not fair
tyou are  one of  cunts ho try to csam me oyu fucking idiots buying

are you the one who put sell order at 0.00008883

[Indal0]

for sure I say that to my friends
But I mean that for some people is "dificult" to see an understand this kind of info becouse they dont know how it works, we need a "crypto for dummies" tutorial or something like that XD just to help to understad and "keep calm" more easly.- Faircoop is doing things GREAT more that I see in long time and have my total support!

If I can I want to ask about whats about the new block explorer that is in development? is just for faircoin 2.0 ? what info will contain ? thx!

[doremi]

I think one problem is the following.

bitbill 1eur=55 fair
getfaircoin 1eur=20 fair

Why the difference so high?

In bitbill you only  can sell faircoin in getfaircoin you only can buy.

More than that getfaircoin already down the price two times this week and we are not going to repeat...
We saw how down the price was followed by dumps in bitttrex, so we are not going to leave this chain continue like this...

i am glad that you saw the consequence of the mistake ,i don`t mean to blame you bc i know you are the guy who always taking care to the community..however ,is it possible to have a fix/solution to reduce the price damage in bittrex?i myself have an idea for getfaircoin but i 'm not sure if i should make a proposal for this may be not a right time...well,if you're interesting ,i'd be very happy to share my point of view.

[smartaction]

How come you don't have https:// certificate for http://coopshares.net I beleive the Mozzila Foundation have a free certificate scheme.

Also can you pay FairCoin from your wallet into FairSavings directly.  If so what are the benefits to FairCoop in doing so.

I'm using Chrome and this is the warning I get for http://coopshares.net

You attempted to reach www.coopshares.net, but instead you actually reached a server identifying itself as *.fair-coin.org. This may be caused by a misconfiguration on the server or by something more serious. An attacker on your network could be trying to get you to visit a fake (and potentially harmful) version of www.coopshares.net.
You should not proceed, especially if you have never seen this warning before for this site.

Whatever is wrong with that link needs fixing quickly before more people get that warning. I don't know if it's a certificate problem or due to something else though.

It works for me, and http://Fair-coin.org also 

[smartaction]

for sure I say that to my friends
But I mean that for some people is "dificult" to see an understand this kind of info becouse they dont know how it works, we need a "crypto for dummies" tutorial or something like that XD just to help to understad and "keep calm" more easly.- Faircoop is doing things GREAT more that I see in long time and have my total support!

If I can I want to ask about whats about the new block explorer that is in development? is just for faircoin 2.0 ? what info will contain ? thx!

Also is important to remember, that the price for products and services, when fairmarket begins will be related the getfaircoin price,
So if you want to use faircoin for fairmarket this is what matters,

For sure, that we will work to stabilize the price in the faircoin ecosystem before the fairmarket beta,
But this was a comment to make remember how getfaircoin price will preval..

[smartaction]

You can buy a computer with faircoin here:
https://twitter.com/ekinduu/status/609024436927344640

[ShopemNL]

Soon you can buy faircoins stake node's off me, example;

[bhokor]

We need stabilize the price with a buy support in 5000k zone, but we all should put some buy orders here,  or create a system for pump de dumpers and dump the pumpers

[smartaction]

We need stabilize the price with a buy support in 5000k zone, but we all should put some buy orders here,  or create a system for pump de dumpers and dump the pumpers

Well I see that we need to stabilize the price but upper...
anyway people willing to put big buy orders in  5000-8000  also is helping...

Some are working to put liquidity on that, you will see what happen soon.

[gadado]

Next to other points the selling might also have to do with the intention to remove POS from this Coin.

I never understood at first place why you choose a POS coin since I too see POS as an unhealthy thing when it comes to financial fairness and equality however my longtime investment plan in this coin is to a significant part driven through that POS.

Getting right of it simple means that I and maybe others have to change to other coins. I didn't sell any of my FairCoins however I asume that a part of the selling we have seen is because of the reduction in longtime attractivness.

I know that this Coin will still grow in value however that grow is not something you can plan and that makes it troublesome for investments.

To all worry about the price drop. We are still in good waters. From past obeservations coins that rose very heavy fall often back to about 30% of its peak and that is where we are now.

I too wonder who is actually really selling if it's still one or more ppl from the early distribution or some that bought the last weeks and forced the a bit unhealthy strong rise.

[Sebastien256]

We need stabilize the price with a buy support in 5000k zone, but we all should put some buy orders here,  or create a system for pump de dumpers and dump the pumpers

Well I see that we need to stabilize the price but upper...
anyway people willing to put big buy orders in  5000-8000  also is helping...

Some are working to put liquidity on that, you will see what happen soon.

It great to see your dedication to this coin and faircoop. It is amazing really. I'm wondering what your plan under your sleeve...   

[thokon00]

Next to other points the selling might also have to do with the intention to remove POS from this Coin.

I never understood at first place why you choose a POS coin since I too see POS as an unhealthy thing when it comes to financial fairness and equality however my longtime investment plan in this coin is to a significant part driven through that POS.

Getting right of it simple means that I and maybe others have to change to other coins. I didn't sell any of my FairCoins however I asume that a part of the selling we have seen is because of the reduction in longtime attractivness.

I know that this Coin will still grow in value however that grow is not something you can plan and that makes it troublesome for investments.

To all worry about the price drop. We are still in good waters. From past obeservations coins that rose very heavy fall often back to about 30% of its peak and that is where we are now.

I too wonder who is actually really selling if it's still one or more ppl from the early distribution or some that bought the last weeks and forced the a bit unhealthy strong rise.

We've chosen FairCoin primarily for its name and not for its technical specification. Besides that there was no real alternative to PoS and PoW.

Our new PoC concept however will remove the unfair consensus system and replaces it with cooperation instead of competition. I really believe this will be a beautiful moment when we finally see proof-of-cooperation running and thus brining back a human quality to a currency whilst others try so hard to remove it. And we still retain the same level of security (if not even better) and predicable, stable block time of 3 minutes. To be clear this is not a target time, blocks will be created every tree minutes, if transactions are pending for confirmation.

Besides this, I'm really happy to see the Electrum wallet for FairCoin growing and reaching a stable state which allows me to release it soon. It is really exiting to see how simply and seamlessly multi-signature functionality is implemented. It's really fun to work with it.

Also the Android wallet for FairCoin is very popular with over 200 installations on devices all over the world. An easy to use and fast mobile wallet.

Not only does FairCoin make big steps for real live usage (FairCoop, chip-chap, betabank, coopshares, bitbill and others) but also from a technical point of view the FairCoin infrastructure is very sound and works flawlessly and will continue to do so!

Regarding the current market trend I really see no reason to not staying optimistic. Such volatility is a logical consequence of low volume and tiny order book. This means that if there is a high or a low 'last price' on bittrex it doesn't really mean that much. The real value of FairCoin is defined by the people that actually use it, trust it and contribute to it, but not by a market with a tiny order book and volume.

Next time you see major price changes on bittrex don't overestimate them regardless of their direction. Look at the efforts and the real work many people voluntarily contribute to reach or goal and vision: building tools to enable everyone to participate in a fair economy on a global scale. More and more people join in every week and discuss and decide about our next steps to let our common vision become reality, piece by piece.

Thanks for reading!

regs
Thomas

[OrangeMachine]

I asume that a part of the selling we have seen is because of the reduction in longtime attractivness.

Hello, can you explain this cote?

thanks

[CurroJimenez]

Also It seems nobody wanna sell at thise prices

We have the tool, just use it.

I'm selling the computers, if somebody is interested in europe . Lets talk by PM.

Cheers.

[drakandar]

Next to other points the selling might also have to do with the intention to remove POS from this Coin.

I never understood at first place why you choose a POS coin since I too see POS as an unhealthy thing when it comes to financial fairness and equality however my longtime investment plan in this coin is to a significant part driven through that POS.

Getting right of it simple means that I and maybe others have to change to other coins. I didn't sell any of my FairCoins however I asume that a part of the selling we have seen is because of the reduction in longtime attractivness.

I know that this Coin will still grow in value however that grow is not something you can plan and that makes it troublesome for investments.

To all worry about the price drop. We are still in good waters. From past obeservations coins that rose very heavy fall often back to about 30% of its peak and that is where we are now.

I too wonder who is actually really selling if it's still one or more ppl from the early distribution or some that bought the last weeks and forced the a bit unhealthy strong rise.

I don't believe that PoS will work on a long term basis for any coin, at least not in its current form. People are like "hey, let's buy in large now and when the value goes 'to the moon', I can just sit on my butt and get money for free'. That doesn't work in the real world, why would it work with digital coins? Why would the coin 'go to the moon' if no one puts effort in it? It doesn't work for MintCoin, ZeitCoin and even not that well for BlackCoin. Yes, PeerCoin is somewhat holding up, but that coin is relatively old already and mostly in the hands of a few holders (https://bitinfocharts.com/top-100-richest-ppcoin-addresses.html).

I believe that every coin generated has to be counterbalanced at some point. PoS is counterbalanced by the large pile of coins you have which will just get larger. It's like everyone has tomato plants, which generate tomato plants while nobody wants tomato's. Normally interest (which you can best compare PoS with) is counterbalanced by loans and long term inflation to nullify the effect of those loans. These are all principles that have proven not to be in the best interest of the common people.

When I first heard of Proof of Cooperation, I was a bit surprised how it would replace Proof of Stake. But when I thought it through, it was the only logical option we could take to differentiate us from the rest of the Crypto world. With Proof of Cooperation we have a valid counterbalance, namely the human consensus and effort that was put to into cooperation. Coins gets meaning and a history because you'll have to work for them to get them. Proof of Cooperation will give you something to talk/blog about, something to be proud of and to show off with. It allows you to explore and start up new initiatives. And if those initiatives are great, you can request funding from the FairCoop. So basically it allows anyone to become an entrepreneur without having the risk of losing it all.

All this adds up to the awareness and value of FairCoin and the FairCoop

[drakandar]

I don't believe that PoS will work on a long term basis for any coin, at least not in its current form. People are like "hey, let's buy in large now and when the value goes 'to the moon', I can just sit on my butt and get money for free'. That doesn't work in the real world, why would it work with digital coins? Why would the coin 'go to the moon' if no one puts effort in it? It doesn't work for MintCoin, ZeitCoin and even not that well for BlackCoin. Yes, PeerCoin is somewhat holding up, but that coin is relatively old already and mostly in the hands of a few holders (https://bitinfocharts.com/top-100-richest-ppcoin-addresses.html).

I believe that every coin generated has to be counterbalanced at some point. PoS is counterbalanced by the large pile of coins you have which will just get larger. It's like everyone has tomato plants, which generate tomato plants while nobody wants tomato's. Normally interest (which you can best compare PoS with) is counterbalanced by loans and long term inflation to nullify the effect of those loans. These are all principles that have proven not to be in the best interest of the common people.

When I first heard of Proof of Cooperation, I was a bit surprised how it would replace Proof of Stake. But when I thought it through, it was the only logical option we could take to differentiate us from the rest of the Crypto world. With Proof of Cooperation we have a valid counterbalance, namely the human consensus and effort that was put to into cooperation. Coins gets meaning and a history because you'll have to work for them to get them. Proof of Cooperation will give you something to talk/blog about, something to be proud of and to show off with. It allows you to explore and start up new initiatives. And if those initiatives are great, you can request funding from the FairCoop. So basically it allows anyone to become an entrepreneur without having the risk of losing it all.

All this adds up to the awareness and value of FairCoin and the FairCoop

With all this said, it also makes sense that we have to counterbalance those 50 million FairCoin that have been generated in the first place. A lot of it already has been counterbalanced by the FairCoop and the FairCoin holders who bought in for long time investment, but there's still some FairCoin roaming about that has been collected for free (by simply clicking a button on a web page). Making that balance will stabilise the coins value.

[gadado]

I asume that a part of the selling we have seen is because of the reduction in longtime attractivness.

Hello, can you explain this cote?

thanks

drakandar explained it very well:

 People are like "hey, let's buy in large now and when the value goes 'to the moon', I can just sit on my butt and get money for free'.


I had worded it different but that is what people hope when investing in POS coins or in any Coin with a reward structor based on the amount of the coins they hold.

Also the Tomato example is amusing and on the point. POS doesn't generate value to a coin and that is why it doesn't make sense in investing into pure POS Coins. The Value has to come from somewhere else. I have none of the POS coins that drakandar listed.

FairCoins value is the FairCoin Market and Economie. I can't think of anything better that gives a Coin a real value than that you will need it to buy specific products you can't buy with any other currency.

Now you can figure that Coin that has something giveing it true value and offering POS is a dream for Crypto-Investors. (A note here such an  investment is always to be considered as a very high risk investment)

Eleminating POS does in no way reduce the real Coin Value .. in the oposite it will increase it over time due to Coins getting lost... but it reduces the attractivness for those "Buy and wait for the moon"-Coin hunters. It's very clear that the most interested in crypto coins are investing into a coin in the hope to get the lucky one that makes them rich somewhen.