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

[matthewh3]

One of the bounties launched is about redesign of fair-coin.org website

See here, the first achievements ->  http://faircoin.imaxinaria.org/

and feel free to add your opinions ->  https://fair.coop/groups/faircoop-community/bounties-rewarding-projects-85590309/forum/topic/12-re-design-of-the-fair-coin-org-website/

I know a very skilled website developer who's currently working freelance.  Who said he may be interested.  I will CC him in a PM to you once I get his BTT username.

[smartaction]

Some friends in Basc country using faircoin for their exchanges and publishing it 

https://www.facebook.com/photo.php?fbid=10206425243453920&set=a.1135723397297.2020822.1353716583&type=1

[smartaction]

Getfaircoin.net price has moved from 1 € = 28 FAIR to 1 € = 26 FAIR

This new move, put the price of getfaircoin at similar level that the current bittrex price.
At this moment and due that the volume in getfaircoin is steadely up then 1000 € daily,
and due the inestable sell volume related this buy demand, getfaircoin needs to be at the level of the bittrex price
in order to be able to buy/sell without losing.

[smartaction]

Today 12h CET i will be interviewed in a well known spanish Radio program and will talk about  FairCoop and FairCoin

http://carnecruda.es/2015/05/18/previa-enric-duran-robin-bank-y-otros-fugitivos-fuera-de-la-ley/

Its possible to follow online!

[cyrilbf]

Hello,
I had not opened my wallet for a while.
and there I just made the 1.5.1 update as counselor on the site.
scrupulously following the procedure.
but my balance is not right.
a transaction dated 02/26/2015 (N / A) empty all my balance.
What should I do?
Thank you in advance for your help.
Sincerely cyril

[acec]

Today 12h CET i will be interviewed in a well known spanish Radio program and will talk about  FairCoop and FairCoin

Listening to it right now. We need more like this

[smartaction]

Hello,
I had not opened my wallet for a while.
and there I just made the 1.5.1 update as counselor on the site.
scrupulously following the procedure.
but my balance is not right.
a transaction dated 02/26/2015 (N / A) empty all my balance.
What should I do?
Thank you in advance for your help.
Sincerely cyril

See my reply yesterday to the same question:
https://bitcointalk.org/index.php?topic=702675.msg11410962#msg11410962

[smartaction]

Today 12h CET i will be interviewed in a well known spanish Radio program and will talk about  FairCoop and FairCoin

Listening to it right now. We need more like this

Yeah, more people known about Faircoin after this event, podcast will be up shortly!

otherwise we need more like this, specially in other countries than Spain 

[smartaction]

Finally new getfaircoin funds arrived to Bittrex  -> 20000 satoshis and 2400000 $ new ATH  

[nightwishx]

Finally new getfaircoin funds arrived to Bittrex  -> 20000 satoshis and 2400000 $ new ATH  

great momentttttttttttttttttttttttttttttt
Cheer！！！！！！！！！！！！

[yanhongcheng901011]

it's great!!!
to the moon   moooooooooooooon!!

[matthewh3]

We want to really try and get on Poloniex exchange.  As they have just launched leveraged margin trading.  And that can really work to help stabilise prices.

[smartaction]

We want to really try and get on Poloniex exchange.  As they have just launched leveraged margin trading.  And that can really work to help stabilise prices.

They launched this margin trading only for 4 coins. Otherwise how you see that this helps stabilice prices? As far i know margin trading is more riskful
and more speculative, i dont see thi good for faircoin

Anyway, if they want to add faircoin without margin trading thats good i guess.

[idandeal]

wooooowwww really big volume!

[matthewh3]

We want to really try and get on Poloniex exchange.  As they have just launched leveraged margin trading.  And that can really work to help stabilise prices.

They launched this margin trading only for 4 coins. Otherwise how you see that this helps stabilice prices? As far i know margin trading is more riskful
and more speculative, i dont see thi good for faircoin

Anyway, if they want to add faircoin without margin trading thats good i guess.

For leveraged margin trading of FairCoin would help add a lot more volume to both the buy and sell side for a start.  Here is an academic paper by Vikram Nada of the University of Michigan and Bhagwan Chowdry of the Univesity of California, Los Angeles on Leverage And Market Stability: The Role Of Market Rules And Price Limits - http://www.anderson.ucla.edu/faculty/bhagwan.chowdhry/leverage.pdf

[drakandar]

We want to really try and get on Poloniex exchange.  As they have just launched leveraged margin trading.  And that can really work to help stabilise prices.

They launched this margin trading only for 4 coins. Otherwise how you see that this helps stabilice prices? As far i know margin trading is more riskful
and more speculative, i dont see thi good for faircoin

Anyway, if they want to add faircoin without margin trading thats good i guess.

I read about that this morning, and they kinda lost me when they wrote:"You can now borrow funds from lending users to open long and short positions with 2.5x leverage on our XMR, DASH, XPR and LTC Margin Trading platform. You can also loan funds in the same selected markets in 1 day intervals at up to 5% interest."

It feels like this is building on the classical debt based system where value becomes locked and at some point has no ability to grow/move anymore. Instead of doing investments by using financial leverage and creating debt, I believe that a (micro)credit infusions into the world economy will add way more value. If to such an extend that the infusing party (in this case FairCoop) will actually grow with each micro infusion. Since FairCoin is a POS coin, we even should be able to sustain that model on forever basis.

[matthewh3]

We want to really try and get on Poloniex exchange.  As they have just launched leveraged margin trading.  And that can really work to help stabilise prices.

They launched this margin trading only for 4 coins. Otherwise how you see that this helps stabilice prices? As far i know margin trading is more riskful
and more speculative, i dont see thi good for faircoin

Anyway, if they want to add faircoin without margin trading thats good i guess.

For leveraged margin trading of FairCoin would help add a lot more volume to both the buy and sell side for a start.  Here is an academic paper by Vikram Nada of the University of Michigan and Bhagwan Chowdry of the Univesity of California, Los Angeles on Leverage And Market Stability: The Role Of Market Rules And Price Limits - http://www.anderson.ucla.edu/faculty/bhagwan.chowdhry/leverage.pdf

While yes the speculators taking part in the margin trading are taking high risks.  And even the users who loan out their faircoin and bitcoin to be leveraged are taking risks, but to a less of extent for a lesser reward.  Although it is the FAIR/BTC market price that is the true winner and benefits from enhanced stability.

[nightwishx]

We want to really try and get on Poloniex exchange.  As they have just launched leveraged margin trading.  And that can really work to help stabilise prices.

They launched this margin trading only for 4 coins. Otherwise how you see that this helps stabilice prices? As far i know margin trading is more riskful
and more speculative, i dont see thi good for faircoin

Anyway, if they want to add faircoin without margin trading thats good i guess.

Such margin trading is not healthy.

[matthewh3]

Once the market sees the potential rich pickings there someone will set up an exchange with leveraged margin trading for faircoin.  There's actually no way to stop it and especially so with open network peer to peer decentralised cryptocurrencies.  It's just matter of who and when starts it.  Although it may take a good while yet.  Bitcoin itself has only had one public leveraged margins trading site Bitfinex up to now.  Although that only offers bitcoin and litecoin leveraged margin trading.  And now Poleniex has followed and open up leveraged market trading for four cryptocurrencies.  As long term market cap's and trading volumes increase more altcoins will inevitably get leveraged margin trading markets. 

[smartaction]

Once the market sees the potential rich pickings there someone will set up an exchange with leveraged margin trading for faircoin.  There's actually no way to stop it and especially so with open network peer to peer decentralised cryptocurrencies.  It's just matter of who and when starts it.  Although it may take a good while yet.  Bitcoin itself has only had one public leveraged margins trading site Bitfinex up to now.  Although that only offers bitcoin and litecoin leveraged margin trading.  And now Poleniex has followed and open up leveraged market trading for four cryptocurrencies.  As long term market cap's and trading volumes increase more altcoins will inevitably get leveraged margin trading markets. 

In fact exist a way: dont use it! 
If someone creates speculative products with faircoin, and this dont likes in general to the faircoin community, what we could do is dont use it, dont promote it and dont support it...

No company will mantain a service that nobody uses...