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

[Jack Liver]

faircoin wallet put its data folder to :

C:\Users\you user name\AppData\Roaming\FairCoin

inside you will find your wallet.dat

[emelac]

I think I moved the wallet.dat from the original destination and forgot which one it was. any help on how to localize the right one?

Download and install the everything search engine. Run it, let it index your hard drive, then search for wallet.dat

Systematically try every wallet.dat file you find in your faircoin appdata folder until you ge the right one.

http://en.wikipedia.org/wiki/Everything_%28software%29

Everything is a proprietary freeware Windows desktop search engine that can rapidly find files and folders by name on an NTFS volume

[Jack Liver]

calculate how many coins you can mint its simple:

coin amount / 100 x 3 = yearly minting

50000 FAIR can become 51500 after a year at 3%, on february 2 of 2016 minting reward half to 1,5%.


to calculate minting reward on age base:

yearly minting / 365 x age of transaction =  age base minting

50000 FAIR can mint after 21 days 86 FAIR





Probability is related to many factors:

amount of coins, age of transaction and minting difficulty you can check here for difficulty

https://chain.fair-coin.org/rt/connected-nodes.html

many open wallets means more competition and higher difficulty, the more days pass higher is probability, until you reach the maximum weight after 90 days.

[thokon00]

calculate how many coins you can mint its simple:

coin amount / 100 x 3 = yearly minting

50000 FAIR can become 51500 after a year at 3%, on february 2 of 2016 minting reward half to 1,5%.


to calculate minting reward on age base:

yearly minting / 365 x age of transaction =  age base minting

50000 FAIR can mint after 21 days 86 FAIR





Probability is related to many factors:

amount of coins, age of transaction and minting difficulty you can check here for difficulty

https://chain.fair-coin.org/rt/connected-nodes.html

many open wallets means more competition and higher difficulty, the more days pass higher is probability until you reach the maximum weight after 90 days.

Thanks Jack for the good explanation. I'd only add that we'll never reach the 1.5% reward phase, because there will be no minting (=staking ) any more in FairCoin 2.0.
See here: https://fair-coin.org/faircoin2.html

regs
Thomas

[Jack Liver]

there's a release date for FC2 ?  

[doremi]

calculate how many coins you can mint its simple:

coin amount / 100 x 3 = yearly minting

50000 FAIR can become 51500 after a year at 3%, on february 2 of 2016 minting reward half to 1,5%.


to calculate minting reward on age base:

yearly minting / 365 x age of transaction =  age base minting

50000 FAIR can mint after 21 days 86 FAIR





Probability is related to many factors:

amount of coins, age of transaction and minting difficulty you can check here for difficulty

https://chain.fair-coin.org/rt/connected-nodes.html

many open wallets means more competition and higher difficulty, the more days pass higher is probability until you reach the maximum weight after 90 days.

Thanks Jack for the good explanation. I'd only add that we'll never reach the 1.5% reward phase, because there will be no minting (=staking ) any more in FairCoin 2.0.
See here: https://fair-coin.org/faircoin2.html

regs
Thomas

to be honest..i'm not quite understand the concept of POC and i felt a 1.5% POS is reasonable therefor is that neccessary for such a big change?

and...if it is really a need for a change,i would like to suggest dev team to take a look at the tech of vanillacoin see if it suitable for Faircoin:

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

CoinPP Project Announcement
 
What is Coin++?
 
It is a high performance C++11 cryptographic currency library that is not a clone of the original Satoshi codebase. It is 100% backwards compatible with Peercoin or any derived cryptographic currency.
 
What can I do with it?
 
You can build new cryptographic currencies or upgrade existing cryptographic currencies such as Peercoin or Blackcoin to a modern codebase.
 
What does this mean for Vanillacoin?
 
It will move away from the old Satoshi protocol altogether over a year long transition to a new modern, efficient and standardized communications protocol.
 
Will the current non-Coin++ blockchain still be compatible with the Coin++ code?
 
Yes.
 
Will switching to Coin++ require the coin to do a hard fork?
 
No.
 
Where can I find additional information and documentation on the project?

Jump on IRC and contact john-connor or PM for his BM adress.

Github and Announcement thread
 
https://github.com/john-connor/coinpp
 
https://talk.vanillacoin.net/topic/120/coinpp-coin-project/2
 
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------

[CurroJimenez]

Si alguien quiere pasarme algun faircoin PM
pq bittrex no me ha àrecido mu clara. no me parecio muy estetica.

[smartaction]

Article about Coopshares in the p2p-f blog   
http://blog.p2pfoundation.net/faircoop-swarm-cryptoequity/2015/05/29

[Jack Liver]

how's it going Coopshares campaign, some stats ?  

[smartaction]

how's it going Coopshares campaign, some stats ?  

We are going to prepare a page for the stats of the campaign next week

At the moment only two investments, a small one in euros, and a good one in Faircoin (40000)
the adress for the FIF investments is  https://chain.fair-coin.org/address/fYgMt7X4qMnwTzimTFNHN7AQJKmzch56z3
(i did a test wiht 50 fair, before the launch )

Anyway this is a laborious work, because the investments in euros are specially focused for big investors (who can not easily buy faircoin in the market), which need to  develop with presentation, talks and follow up... I will be focusing on that next weeks, but still had few time for that during this first week

If someone have any investor that could be interesting I coul do an online meeting with him/her to go in deep with the questions and details!

[drakandar]

A while ago my colleague did a demo in Poland how you withdraw Zloty's from the ATM using FairCoin, the FairCoin mobile Android wallet and the FairToEarth app from Chip Chap.
The video still needs to be cut, but here's a collage for now:



Sources:
- Fair To Earth -> https://play.google.com/store/apps/details?id=com.fairtoearth.android
- FairCoin Android wallet -> https://play.google.com/store/apps/details?id=de.schildbach.wallet.faircoin
- Chip-Chap -> https://chip-chap.com/
- HalCash -> http://www.halcash.com/es/bienvenidos/

[smartaction]

Article from Nathan Schneider about FairCoop in thenation.com

www.thenation.com/article/208057/5-ways-take-back-tech  as one of te 5 ways to take back for the people

The chapter about faircoop and faircoin is titled: Power to the People (Not the Platform)

[Anduril_FotW]

Article from Nathan Schneider about FairCoop in thenation.com

www.thenation.com/article/208057/5-ways-take-back-tech  as one of te 5 ways to take back for the people

The chapter about faircoop and faircoin is titled: Power to the People (Not the Platform)

Cool ! Very nice article !!! 

[Sebastien256]

Hmm, big price correction.

[smartaction]

Hmm, big price correction.

Has been a lot of people that forgotten about us and had some faircoins horded in some wallet, and has awaked after see that faircoin is in the top 15.
And this, together with the big growth on last months and weeks has created a big sell presure, during this last week.

This is a stage that needs to happen, at some point and after that I see that we will be able to continue the steadly growth...
Meanwhile today is a good oportunity for the faircoin believers to improve their holping at good price, and helping to give stability to the price.

[OrangeMachine]

Hmm, big price correction.

Has been a lot of people that forgotten about us and had some faircoins horded in some wallet, and has awaked after see that faircoin is in the top 15.
And this, together with the big growth on last months and weeks has created a big sell presure, during this last week.

This is a stage that needs to happen, at some point and after that I see that we will be able to continue the steadly growth...
Meanwhile today is a good oportunity for the faircoin believers to improve their holping at good price, and helping to give stability to the price.

Maybe should be a correction euro/faircoin in getfaircoin.net...

About "faircoin believers", this expression makes me smile... 

[Sebastien256]

What is the amount of faircoin reclaim from the initial distribution the last few weeks?

[drakandar]

What is the amount of faircoin reclaim from the initial distribution the last few weeks?

Just follow the money: https://chain.fair-coin.org/address/fRecovr5RiYKSh9hAJYR1jmTMapWMnBxRm
We've returned approx 300K-FairCoin in May, we've received about 25 support tickets in that same month.

[Zombie123]

What is the amount of faircoin reclaim from the initial distribution the last few weeks?

Just follow the money: https://chain.fair-coin.org/address/fRecovr5RiYKSh9hAJYR1jmTMapWMnBxRm
We've returned approx 300K-FairCoin in May, we've received about 25 support tickets in that same month.

that's a lot of fair coin.  I am not too worried about the price though.

[Sebastien256]

What is the amount of faircoin reclaim from the initial distribution the last few weeks?

Just follow the money: https://chain.fair-coin.org/address/fRecovr5RiYKSh9hAJYR1jmTMapWMnBxRm
We've returned approx 300K-FairCoin in May, we've received about 25 support tickets in that same month.

That explain in part what is going on...