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

[ninjaskip]

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...

In fact: the answer is just perfect.
 

[ninjaskip]

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. 

Not trying to be rude here, but you seem to be obsessed with exchanges, scam coins etc .. relax buddy.

[doremi]

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. 

i just withdrawal all of my coins in Polo due to 2 reasons:
1. this margin trading
2.verification after 20/05


cheers!

[raze182]

I haven't followed FairCoin for some time now and just updated my wallet for the first time in over a year. I noticed that all of my FAIR is now gone from my wallet and was sent to the "FairCoin Recovery Fund" without my knowledge back in February. What's going on?

[drakandar]

I haven't followed FairCoin for some time now and just updated my wallet for the first time in over a year. I noticed that all of my FAIR is now gone from my wallet and was sent to the "FairCoin Recovery Fund" without my knowledge back in February. What's going on?

I'd say read up on the frontpage and visit fair.coop; much has happened in the last 12 months.

Regarding the lost coins; we've announced this through various channels, including this forum. So also read up and contact support@fair-coin.org for the procedure to reclaim your lost coins.

[smartaction]

I haven't followed FairCoin for some time now and just updated my wallet for the first time in over a year. I noticed that all of my FAIR is now gone from my wallet and was sent to the "FairCoin Recovery Fund" without my knowledge back in February. What's going on?

I'd say read up on the frontpage and visit fair.coop; much has happened in the last 12 months.

Regarding the lost coins; we've announced this through various channels, including this forum. So also read up and contact support@fair-coin.org for the procedure to reclaim your lost coins.

yes, and again, see my reply yesterday to the same question:
https://bitcointalk.org/index.php?topic=702675.msg11410962#msg11410962

(seems that people are discovering astonished faircoin between first 20 in coinmarketcap.com and remembering about their coins)

....and in one year in fact already a lot of things happened as drakandar comments.

You can read in the first page or choose for example this literary version ->  https://www.vice.com/read/be-the-bank-you-want-to-see-in-the-world-0000626-v22n4

[Zombie123]

I haven't followed FairCoin for some time now and just updated my wallet for the first time in over a year. I noticed that all of my FAIR is now gone from my wallet and was sent to the "FairCoin Recovery Fund" without my knowledge back in February. What's going on?

I'd say read up on the frontpage and visit fair.coop; much has happened in the last 12 months.

Regarding the lost coins; we've announced this through various channels, including this forum. So also read up and contact support@fair-coin.org for the procedure to reclaim your lost coins.

yes, and again, see my reply yesterday to the same question:
https://bitcointalk.org/index.php?topic=702675.msg11410962#msg11410962

(seems that people are discovering astonished faircoin between first 20 in coinmarketcap.com and remembering about their coins)

....and in one year in fact already a lot of things happened as drakandar comments.

You can read in the first page or choose for example this literary version ->  https://www.vice.com/read/be-the-bank-you-want-to-see-in-the-world-0000626-v22n4

now even 1000 coins are worth .2BTC so people are obviously "remembering" their  old coins and want them back lol 

[drakandar]

You can read in the first page or choose for example this literary version ->  https://www.vice.com/read/be-the-bank-you-want-to-see-in-the-world-0000626-v22n4

+1 on that article, that's a real piece of work!

[Jack Liver]

(seems that people are discovering astonished faircoin between first 20 in coinmarketcap.com and remembering about their coins)

get ready, when faircoin reach first 10 in coinmarketcap.com a conspiracy theorist appears 

[gadado]

Dear Boss,

I demand my next salary to be paid in FairCoin!
Please set up a new Contract with a fix amount of FairCoins each month.

Sincerely your
   drudge  

[smartaction]

Dear Boss,

I demand my next salary to be paid in FairCoin!
Please set up a new Contract with a fix amount of FairCoins each month.

Sincerely your
   drudge  

Be your own boss and pay yourself in faircoin!  Faircoin is about freedom and cooperation !    

[raze182]

I haven't followed FairCoin for some time now and just updated my wallet for the first time in over a year. I noticed that all of my FAIR is now gone from my wallet and was sent to the "FairCoin Recovery Fund" without my knowledge back in February. What's going on?

I'd say read up on the frontpage and visit fair.coop; much has happened in the last 12 months.

Regarding the lost coins; we've announced this through various channels, including this forum. So also read up and contact support@fair-coin.org for the procedure to reclaim your lost coins.

yes, and again, see my reply yesterday to the same question:
https://bitcointalk.org/index.php?topic=702675.msg11410962#msg11410962

(seems that people are discovering astonished faircoin between first 20 in coinmarketcap.com and remembering about their coins)

....and in one year in fact already a lot of things happened as drakandar comments.

You can read in the first page or choose for example this literary version ->  https://www.vice.com/read/be-the-bank-you-want-to-see-in-the-world-0000626-v22n4

Thanks for the help.

[Jack Liver]

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...  

[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. 

Not trying to be rude here, but you seem to be obsessed with exchanges, scam coins etc .. relax buddy.

NP at all, these are only my views and I can understand that a lot of FairCoop supporters are not very comfortable with the ethos of high risk and complex trading vehicles.  Also FairCoin itself was probably considered a scam coin also by the overwhelming majority of cryptocurrency enthusiasts until very very recently.  And it'll probably still yet take a quite a long time to bring the majority of them round.  The price and the market cap may be very high currently, but the long term average trading volume is still relatively very small.  And long term high average trading volume is usually a better indicator of an altcoins ecosystem health than a high price and market cap alone.  So as I said it'll still probably take a good while yet to bring round most skeptics to FairCoin.  Although I am a big long term fan of FairCoops future plans and personally think it has a very bright future.  Hence why I've been supporting it since last year.

[thokon00]

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

[matthewh3]

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.

[thokon00]

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.

[Sebastien256]

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.

Not sure that DPoS would be wise in the context of faircoin. Faircoin is somehow already centralised with faircoop (im not saying that this is bad), but DPoS would make it even more. In the end, DPoS will make it a political game to control the staking. Also, DPoS seems to me like a ponzi scheme, where staker dump on others who invest in the coin.

I think that PoS protect the network more than DPoS. And for the rich getting richer with current faircoin PoS, that argument doesnt not make sense with an inflationnary coin like faircoin. In the end, everyone loss value at an equal rate, but im ok with that since inflation promote spending. Overall, argument of rich getting richer is ok for coin like Nxt which number of coin is constant in time but not with faircoin.

[smartaction]

F5 Fairforest  !

We want to share this graphic to show how the ecosystem of FairCoop currently works, and the stages of development of its different projects.

https://fair.coop/f5-fairforest/

[matthewh3]

Not sure that DPoS would be wise in the context of faircoin. Faircoin is somehow already centralised with faircoop (im not saying that this is bad), but DPoS would make it even more. In the end, DPoS will make it a political game to control the staking. Also, DPoS seems to me like a ponzi scheme, where staker dump on others who invest in the coin.

I think that PoS protect the network more than DPoS. And for the rich getting richer with current faircoin PoS, that argument doesnt not make sense with an inflationnary coin like faircoin. In the end, everyone loss value in the long run, but im ok with that since inflation promote spending. Overall, argument of rich getting richer is ok for coin like Nxt which number of coin is constant in time but not with faircoin.

It doesn't make sense for most FairCoin users to currently run a full staking node.  And only really makes sense for large wallet holders to do so.  Which means only they'd benefit from the staking and the largest of the largest wallet holders would benefit the most.