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

[drakandar]

Still no faircoin  

Things are looking pretty serious.

The Syscoin devs started legal actions against Moolah due to 750 BTC theft.

https://twitter.com/syscoin

imho, he he did the right thing!

Readed up a little; it looks like they've used Moolah to set up an escrow fund to be used for presale. Why on earth would they do that? Atleast I now understand why they've choosen to make it that big of a media circus... I'd say a notice of default would do and start working on the procedure on the background. But since it's community money, you have to make a lot of noise...

On the other hand; thou shouldst know better before storing 750 BTC in an exchange w/o access to your private key...

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[drakandar]

So .. i sent an email to Marc from Bittylicious.
https://bittylicious.com/
Bittylicious is a trusted site (i traded loads with them), you don't need BTC to buy other coins from Bittylicious, and they accept euros.
Let's hope he give us the chance of trading there.
The more emails he receives this days asking to add Faircoin the better.
But is not only about asking to add it, it is also to let him know that he will have enough sellers, he won't consider adding any coin without at least 5 sellers i think.
So if you guys go ahead and send them an email, please also mention that you have plenty of coins for sale.
Hope it goes well and we get a chance!

Well, that 'becomming a seller' part is a bit of a problem I think
See: https://bittylicious.com/help/index.php/Seller_Overview
To be a seller you need to have to integrate with your banking environment or be able to check every x hours.
Afaik automatic integration is only possible for business accounts.

I don't mind sending him an email, but I don't know what good it'll do w/o any sellers

[drakandar]

Hello

Bittrex has create this new page:
https://bittrex.zendesk.com/hc/en-us/articles/202583854-Submitting-a-Coin-to-Bittrex

And i have sent what is required to their mail.

As a remember the boounty is still here:
https://blockchain.info/address/1KGzQzr8MxwPrqyJoTCCb2J1njP4EeBZpF

Any response from Bittrex yet regarding the email you've sent?
Hopefully we'll see some more fullfillment of the bounty once payday has passed haha.

[icecube45]

Hello

Bittrex has create this new page:
https://bittrex.zendesk.com/hc/en-us/articles/202583854-Submitting-a-Coin-to-Bittrex

And i have sent what is required to their mail.

As a remember the boounty is still here:
https://blockchain.info/address/1KGzQzr8MxwPrqyJoTCCb2J1njP4EeBZpF

Any response from Bittrex yet regarding the email you've sent?
Hopefully we'll see some more fullfillment of the bounty once payday has passed haha.

In the meantime, there's vaultex

[ninjaskip]

So .. i sent an email to Marc from Bittylicious.
https://bittylicious.com/
Bittylicious is a trusted site (i traded loads with them), you don't need BTC to buy other coins from Bittylicious, and they accept euros.
Let's hope he give us the chance of trading there.
The more emails he receives this days asking to add Faircoin the better.
But is not only about asking to add it, it is also to let him know that he will have enough sellers, he won't consider adding any coin without at least 5 sellers i think.
So if you guys go ahead and send them an email, please also mention that you have plenty of coins for sale.
Hope it goes well and we get a chance!

Well, that 'becomming a seller' part is a bit of a problem I think
See: https://bittylicious.com/help/index.php/Seller_Overview
To be a seller you need to have to integrate with your banking environment or be able to check every x hours.
Afaik automatic integration is only possible for business accounts.

I don't mind sending him an email, but I don't know what good it'll do w/o any sellers

Yeah i remember when i was selling there, but i had my emails on my phone, so every time i was hearing the phone beep i was checking my emails,and then checking my online banking until the money was thru, so i could send whatever coins the buyer was getting.
Not the best but it is 100percent secure.
And as they accept international transfers people that don't have bitcoins wouldn't need to buy them.
Is up to you guys, is just an option.

[loulis]

The economist Silvio Gesell (Silvio Gkesel) in his book "Physics Class" argues that when the money does not circulate but hoarded the economy falters. On the contrary, when as many people as possible, in their hands to consume as much money as possible, the Economy -and consequently the society-have healthy growth and prosperity. So i have an idea of a type of money that always is moving.

The fairest coin possible it will be existed only online. 1 coin (or share) online and 0 coins offline. It would be a fair share of global wealth. A really democratic coin. For example:

There are 5 persons with 5 shares. 1 share=1000$. Total=5000$

Person A buys something from person B and pays 50$. So now A has 950$ and B has 1050$. Next time A and B are online they ll have (950+1050+1000+1000+1000)/2= 2500$.
If 4 people are online they ll have (950+1050+1000+1000+1000)/4= 1250$ etc...

Would it be possible to work?

[drakandar]

Hello

Bittrex has create this new page:
https://bittrex.zendesk.com/hc/en-us/articles/202583854-Submitting-a-Coin-to-Bittrex

And i have sent what is required to their mail.

As a remember the boounty is still here:
https://blockchain.info/address/1KGzQzr8MxwPrqyJoTCCb2J1njP4EeBZpF

Any response from Bittrex yet regarding the email you've sent?
Hopefully we'll see some more fullfillment of the bounty once payday has passed haha.

In the meantime, there's vaultex

Yeah! But someone ate all the buy orders
Now there's a gap between 2599 and 100 satoshi
I wish I had my BTC from MintPal. Then atleast I could setup a nice buy wall again (always graving for more FairCoin... )

[icecube45]

Hello

Bittrex has create this new page:
https://bittrex.zendesk.com/hc/en-us/articles/202583854-Submitting-a-Coin-to-Bittrex

And i have sent what is required to their mail.

As a remember the boounty is still here:
https://blockchain.info/address/1KGzQzr8MxwPrqyJoTCCb2J1njP4EeBZpF

Any response from Bittrex yet regarding the email you've sent?
Hopefully we'll see some more fullfillment of the bounty once payday has passed haha.

In the meantime, there's vaultex

Yeah! But someone ate all the buy orders
Now there's a gap between 2599 and 100 satoshi
I wish I had my BTC from MintPal. Then atleast I could setup a nice buy wall again (always graving for more FairCoin... )

Still having troubles with mintpal?

[drakandar]

Still having troubles with mintpal?

More having trouble with the trouble MintPal is having with the BTC wallet:

The following daemons are currently undergoing a rebuild / reindex. Withdrawals will be processed once complete.
BTC

I reinstalled the darn BTC wallet myself a few days ago when MintPal went OoOooOoO.
It has been syncing the blockchain for about two days now and I'm still a year in the past.

At some point this will be a problem where FairCoin (and any other Crypto) might have to worry about as well - a freakingly large unsyncable blockchain of d00m.
How do you guys handle this? Just download the complete blockchain from the interwebz?

[Anduril_FotW]

Wow, just received my other outstanding balances from Mintpal.
Now I'm only praying to see my 37000 Faircoins again.
When I look at the balance page, there is still no sign of my FAIR's
Does anybody here have an update/ good news ?

[ninjaskip]

Still having troubles with mintpal?

More having trouble with the trouble MintPal is having with the BTC wallet:

The following daemons are currently undergoing a rebuild / reindex. Withdrawals will be processed once complete.
BTC

I reinstalled the darn BTC wallet myself a few days ago when MintPal went OoOooOoO.
It has been syncing the blockchain for about two days now and I'm still a year in the past.

At some point this will be a problem where FairCoin (and any other Crypto) might have to worry about as well - a freakingly large unsyncable blockchain of d00m.
How do you guys handle this? Just download the complete blockchain from the interwebz?

I use Multibit.
https://multibit.org/

Lightweight , takes 5 min to sync from scratch.

[drakandar]

The economist Silvio Gesell (Silvio Gkesel) in his book "Physics Class" argues that when the money does not circulate but hoarded the economy falters. On the contrary, when as many people as possible, in their hands to consume as much money as possible, the Economy -and consequently the society-have healthy growth and prosperity. So i have an idea of a type of money that always is moving.

The fairest coin possible it will be existed only online. 1 coin (or share) online and 0 coins offline. It would be a fair share of global wealth. A really democratic coin. For example:

There are 5 persons with 5 shares. 1 share=1000$. Total=5000$

Person A buys something from person B and pays 50$. So now A has 950$ and B has 1050$. Next time A and B are online they ll have (950+1050+1000+1000+1000)/2= 2500$.
If 4 people are online they ll have (950+1050+1000+1000+1000)/4= 1250$ etc...

Would it be possible to work?

I find it an interesting methodology, but there are some serious problems with an 'person' being in a state of 'online'.

One of the major arguments might be what the definition of 'online' means. When am I online? Most of the internets is asynchronus. Eventhough I'm writing this, bitcointalk doesn't know if I'm online or offline. I have a session, which expires after x time. But that's it.

Another interesting point is the definition of a Person. What is a person? We've seen this with the distribution of both FairCoin, EFL and NLG - it is really hard to stop people from abusing the system... You cannot define one person (and giving them a piece of the pie) without the interference of the governance. The most probable link to an (tax paying) individual is his or her social security number. So that means you cut out like what, half the population?

[loulis]

The economist Silvio Gesell (Silvio Gkesel) in his book "Physics Class" argues that when the money does not circulate but hoarded the economy falters. On the contrary, when as many people as possible, in their hands to consume as much money as possible, the Economy -and consequently the society-have healthy growth and prosperity. So i have an idea of a type of money that always is moving.

The fairest coin possible it will be existed only online. 1 coin (or share) online and 0 coins offline. It would be a fair share of global wealth. A really democratic coin. For example:

There are 5 persons with 5 shares. 1 share=1000$. Total=5000$

Person A buys something from person B and pays 50$. So now A has 950$ and B has 1050$. Next time A and B are online they ll have (950+1050+1000+1000+1000)/2= 2500$.
If 4 people are online they ll have (950+1050+1000+1000+1000)/4= 1250$ etc...

Would it be possible to work?

I find it an interesting methodology, but there are some serious problems with an 'person' being in a state of 'online'.

One of the major arguments might be what the definition of 'online' means. When am I online? Most of the internets is asynchronus. Eventhough I'm writing this, bitcointalk doesn't know if I'm online or offline. I have a session, which expires after x time. But that's it.

Another interesting point is the definition of a Person. What is a person? We've seen this with the distribution of both FairCoin, EFL and NLG - it is really hard to stop people from abusing the system... You cannot define one person (and giving them a piece of the pie) without the interference of the governance. The most probable link to an (tax paying) individual is his or her social security number. So that means you cut out like what, half the population?

I don't know about the technical part. I'm not a computer scientist.

[smartaction]

Hello

Bittrex has create this new page:
https://bittrex.zendesk.com/hc/en-us/articles/202583854-Submitting-a-Coin-to-Bittrex

And i have sent what is required to their mail.

As a remember the boounty is still here:
https://blockchain.info/address/1KGzQzr8MxwPrqyJoTCCb2J1njP4EeBZpF

Any response from Bittrex yet regarding the email you've sent?
Hopefully we'll see some more fullfillment of the bounty once payday has passed haha.

There was a first response from bittrex yesterday
    
"I believe this is something we can do. I'm going to assign your ticket to Richie and he will be in touch when he get some time, we're a little back logged right now"

sound good 

[smartaction]

The economist Silvio Gesell (Silvio Gkesel) in his book "Physics Class" argues that when the money does not circulate but hoarded the economy falters. On the contrary, when as many people as possible, in their hands to consume as much money as possible, the Economy -and consequently the society-have healthy growth and prosperity. So i have an idea of a type of money that always is moving.

The fairest coin possible it will be existed only online. 1 coin (or share) online and 0 coins offline. It would be a fair share of global wealth. A really democratic coin. For example:

There are 5 persons with 5 shares. 1 share=1000$. Total=5000$

Person A buys something from person B and pays 50$. So now A has 950$ and B has 1050$. Next time A and B are online they ll have (950+1050+1000+1000+1000)/2= 2500$.
If 4 people are online they ll have (950+1050+1000+1000+1000)/4= 1250$ etc...

Would it be possible to work?

I find it an interesting methodology, but there are some serious problems with an 'person' being in a state of 'online'.

One of the major arguments might be what the definition of 'online' means. When am I online? Most of the internets is asynchronus. Eventhough I'm writing this, bitcointalk doesn't know if I'm online or offline. I have a session, which expires after x time. But that's it.

Another interesting point is the definition of a Person. What is a person? We've seen this with the distribution of both FairCoin, EFL and NLG - it is really hard to stop people from abusing the system... You cannot define one person (and giving them a piece of the pie) without the interference of the governance. The most probable link to an (tax paying) individual is his or her social security number. So that means you cut out like what, half the population?

I don't know about the technical part. I'm not a computer scientist.

If you are interested in collaborate in a currency that circulte in the faircoop envoriment, therefore perhaps you could be interested in help
bulding faircredit, that is the currency designed to circulate in our plans ->   https://fair.coop/groups/faircoop-community/faircredit/forum/

Faircoin will be for saving and reference value and faircredit will be to spend and circulate   

[ninjaskip]

 

The economist Silvio Gesell (Silvio Gkesel) in his book "Physics Class" argues that when the money does not circulate but hoarded the economy falters. On the contrary, when as many people as possible, in their hands to consume as much money as possible, the Economy -and consequently the society-have healthy growth and prosperity. So i have an idea of a type of money that always is moving.

The fairest coin possible it will be existed only online. 1 coin (or share) online and 0 coins offline. It would be a fair share of global wealth. A really democratic coin. For example:

There are 5 persons with 5 shares. 1 share=1000$. Total=5000$

Person A buys something from person B and pays 50$. So now A has 950$ and B has 1050$. Next time A and B are online they ll have (950+1050+1000+1000+1000)/2= 2500$.
If 4 people are online they ll have (950+1050+1000+1000+1000)/4= 1250$ etc...

Would it be possible to work?

I find it an interesting methodology, but there are some serious problems with an 'person' being in a state of 'online'.

One of the major arguments might be what the definition of 'online' means. When am I online? Most of the internets is asynchronus. Eventhough I'm writing this, bitcointalk doesn't know if I'm online or offline. I have a session, which expires after x time. But that's it.

Another interesting point is the definition of a Person. What is a person? We've seen this with the distribution of both FairCoin, EFL and NLG - it is really hard to stop people from abusing the system... You cannot define one person (and giving them a piece of the pie) without the interference of the governance. The most probable link to an (tax paying) individual is his or her social security number. So that means you cut out like what, half the population?

I don't know about the technical part. I'm not a computer scientist.

 

[krapo]

The economist Silvio Gesell (Silvio Gkesel) in his book "Physics Class" argues that when the money does not circulate but hoarded the economy falters. On the contrary, when as many people as possible, in their hands to consume as much money as possible, the Economy -and consequently the society-have healthy growth and prosperity. So i have an idea of a type of money that always is moving.

The fairest coin possible it will be existed only online. 1 coin (or share) online and 0 coins offline. It would be a fair share of global wealth. A really democratic coin. For example:

There are 5 persons with 5 shares. 1 share=1000$. Total=5000$

Person A buys something from person B and pays 50$. So now A has 950$ and B has 1050$. Next time A and B are online they ll have (950+1050+1000+1000+1000)/2= 2500$.
If 4 people are online they ll have (950+1050+1000+1000+1000)/4= 1250$ etc...

Would it be possible to work?

I find it an interesting methodology, but there are some serious problems with an 'person' being in a state of 'online'.

One of the major arguments might be what the definition of 'online' means. When am I online? Most of the internets is asynchronus. Eventhough I'm writing this, bitcointalk doesn't know if I'm online or offline. I have a session, which expires after x time. But that's it.

Another interesting point is the definition of a Person. What is a person? We've seen this with the distribution of both FairCoin, EFL and NLG - it is really hard to stop people from abusing the system... You cannot define one person (and giving them a piece of the pie) without the interference of the governance. The most probable link to an (tax paying) individual is his or her social security number. So that means you cut out like what, half the population?

I don't know about the technical part. I'm not a computer scientist.

If you are interested in collaborate in a currency that circulte in the faircoop envoriment, therefore perhaps you could be interested in help
bulding faircredit, that is the currency designed to circulate in our plans ->   https://fair.coop/groups/faircoop-community/faircredit/forum/

Faircoin will be for saving and reference value and faircredit will be to spend and circulate   

So, if I'm not wrong the Faircoins would be like the gold pattern and Faircredit would be like the bills based on that? With the enormous diference that the pattern would not be in the hands of bankers, but in the cooperativists'.

[Zombie123]

So It seems we are not going to get out faircoin back. There is no one to work on fixing the problem.. as we all know
http://blog.moolah.io/2014/10/19/recent-events/

[smartaction]

So It seems we are not going to get out faircoin back. There is no one to work on fixing the problem.. as we all know
http://blog.moolah.io/2014/10/19/recent-events/

Not so fast! 

I am in touch with one moolah ex-worker, and he/she has said to me:

I got in touch with the current MintPal stakeholders, and it appears that the faircoin balance is on the servers which Ryan allowed to expire due to a non-payment. The current staff are working towards getting these servers back up, and transferring the balance across.

The situation in detail is explained by this ex-worker here
http://www.reddit.com/r/dogecoin/comments/2jnhxt/this_is_the_person_i_know_as_ryan_kennedy_and_my/
http://pastebin.com/VYpQ5CWA

The most important as a summary, is that currently Mintpal is not a Ryan/Alex Green thing anymore, and that the main stakeholders assisted by the old mintpal managers (from V1) are trying to restore all the pending withdrawal.

In the case of the information that left pending in V1, they are working in restore the servers from V1 that contains the information of faircoin balances.

[smartaction]

Otherwise seems that at this moment what is more difficult is to know the future about the Bitcoin yet not withdrawed in Mintpal

There are suspicions about 3700 BTC taken by Ryan
https://www.reddit.com/r/Bitcoin/comments/2jmuq1/help_track_3700_btc_taken_from_mintpal_by_scammer/
but nothing is yet confirmed

Edit: follow this thread for the situation related Bitcoins and in general -> https://bitcointalk.org/index.php?topic=824211.0