Topic: [ANN][FAIR] FairCoin - for a fair economy, featuring proof-of-cooperation - page 115. (Read 376780 times)

W/o quoting everyone above; you think that recovering lost coins will be terrible for the credibility of FairCoin and what it stands for.
I understand your concerns and I will take them up with Enric and Tom.

I would like to have  your opinion about switching to SHA256 and how that would make FairCoin more compatible with BitCoin.

I also believe that is a bad idea. The distribution and property of the currency cannot depend on the decisions of a central body, not even the developers. Who can decide who is the owner of the lost coin?
The mere possibility that the devs change suddenly the amount ofthe "alive" coins  and its distribution causes a uncertainty that significantly hinders the FairCoin.

I just see it as a bad decision too. Just like the ECB printing money.. Lost coins you just should not touch for starters. And a hard fork can really hurt the coin.
It just is NOT a FAIR thing to do...

well..market price atm reflecting that this is really a bad decisions and if dev team still ignore the community's voice..they will loss their reputation entirely and the invester will leave the coin to doom.

So with this 6 million coin resurrection, there are more than 13Million (25%+) of the coins in the hand of the faircoin team then?

I can think over again if this move intention is to wipe that 6 million from circulation so the total coin would be 44million, but if this move is to bring abandoned coin, wasn't it the same like bringing abandoned or lost wallet of BTC from where BTC value was crap into this period, and into a hand of an entity? (i wonder where that legendary 20K BTC for pizza now   )

It is a dilemma for me, but i think i have to agree with what Sebastien256 wrote about.

Hi,

Here the way I see it. Bitcoin philosophy is to create a decentralized consensus mecanism that make it possible to trust about exactly what happened on the ledger in the past, what happen in the ledger now, and what will happen on the ledger in the future. The decentralized concensus mecanism is similar with faircoin, but what you are proposing is a really centralized decision from the developer of faircoin. In a certain sense, by acting the way you wish to do, it could happen that you even steal wealth from people to give it to someone else. That is not a good way of doing thing imo and is not a good philosophy, even tho, I understand very well that you would like  to give the faircoin to people that contribute to the faircoin developement. It is a good goal, but the way of doing is wrong. In the end, if you start editing the ledger in a centralized manner, who knows what will happen in the future on other situations. The trust in the blockchain decentralized consensus mecanism is lost the moment the ledger is manually edited without consensus.

If they were a decentralize voting system in the faircoin wallet I would call for a vote on this. I would certainly vote against it, but I would respect a decentralized majority decision and take decision afterward about my faircoin holding.

If the faircoin are lost, then it do not matter anyway because it would be like the coin never existed in the first place since they come from the "genesis" block. And since there is inflation in the farcoin system, losing coin really really do not matter, they will be eventually replace...

I strongly advise not to do such a thing on the faircoin blockchain.

Just published in FairCoop twitter: https://twitter.com/fair_coop   

The local nodes option in https://www.getfaircoin.net  is ready!  There are new options  to buy #faircoin with cash in Catalonia and Porto

If you want to setup a new point of exchange (POE) in your city, contact us! Join this new network of personal relations to change economy!

Here in Galiza are working to promote the FairCoin with some popular movements, not only solidarity. The political prisoners are the first that accept our coin, but soon will join us some peasant movements, political parties and more.
That's growing, friends!

If you want to retain that address and do not want to copy the wallet.dat from an old virtual image because of what you mentioned above, it is really easy:
- Start the FairCoin wallets on both machines
- On the old machine:
-- Help -> Debug window
-- type 'listaddressgroupings' which will show you your address (or locate them on the Minting tab with a newer wallet).
-- type 'dumpprivkey {thatAddress}'
-- Copy the output
- On the new machine:
-- Help -> Debug window
-- type 'importprivkey ${output}'
Tada! Your coins are there

Alternatively you could upgrade the wallet and let the blockchain sync on the old machine and simply transfer funds through the FairCoin Network.

Ps. This also works if you want to beta-test the new wallet with the fake network and do not want to copy the wallet.dat. Just be sure you're really running the beta wallet before sending coins into oblivion.

This is  interesting news. We are going to promote faircoin as the currency of the solidarity, and here a first exemple,
soon more initiaitves in this sense 

The galician collective of political prisoners also accepts FairCoin for donations.
https://network23.org/cpig/doacons/

I would like if you could share any argument of your opinion, because i dont see nothing in deep that sustain it.

Otherwise
I see that Faircoin was the first coin that was distributed freely to everyone in this forum that asked for  it. So was distributed without paying money, neither spending energy to get it.  And that about 7/8 %  of coins that was distributed for free, dont was staked neither used in near of a year; and most of them was abandoned or lost for lack of interest.
So, this is like a gift that the first day is abandoned in the middle of nowhere

And we are going to redistribute this unused amount, to people that has put money for it, or is going a put time and energy in projects related faircoin.  This for the faircoin dev team and the Faircoop community is fair enough....


On the other hand, the credibitily of faircoin not depends of the usual cryptoworld values (like, "omg edite the ledger is a crime"   ), but of the values of the peoples around the world that have affinity with the FairCoop aims and principles, of cooperation ans social justice, among others; and i can say you that for the people with this values, to make a very different project than bitcoin at the level of values, will be a way to increase the credibility of Faircoin.

We are going to go far in this Faircoin evolution and this is only early stages related with this process.

Anyway, this is an interesting discussion that would be better if sharing arguments in deep,  

imho, it is a terrible idea to even think about editing the ledger. If the coin are lost, so be it. In my point of view, faircoin will lost a lot of credibility if they do that.

The wallet.dat file is compatible as described here: http://fair-coin.org/faircoin-beta.html You should read it. So, there is no need to import private keys and therefor no hassle!

If there will be a time limit at all to reclaim coins, it would be very far in the future, so nothing to worry about.

regs
Thomas

The first wallet gave a virus warning when scanned through virustotal.com

Because of this I only ran the wallet on a virtual machine to collect my coins and never used it again. Others may never have staked for this reason. It's a lot of hassle to import the key from my virtual machine to a newer version of the wallet on a real computer, so I never got round to it. Will there be a time limit after which even proving ownership of a key is not enough to maintain ownership?

Firstly. If you have minted your coins, in anytime, you dont have any problem because you wallet has been active. The recuperation of coins only is going to affect, wallets that has not been open from march 2014.  So it not affect holders, but only people that abandoned faircoin from the  very beginning.
Anyway obviously if you move the coins also serves to mantain the control of the coins, but as i commented you dont need to do nothing if you have minted any time.

Secondly. We are yet in testing phase, there are not a date confirmed for the hard fork.

Third. As the statement explains, yet if someone recover acces to his wallet and shows ownership after the hardfork will be able to mantain their coins.

Therefore, With this process all the faircoin community will be beneficiated,  

Can we leave our coins on an exchange and let them take care of the swap?

I have coins from the initial distribution that I never moved from the original address they were sent to. Can I just send them to an exchange and leave the swap to them?

I feel the coin swap is not fair to holders who do not hear about it in time. I could have dumped during the big pump but chose to hold instead. Others like me could find they have had all their coins taken from them because they decided to hold and did not keep up on the latest developments.

NEXT 1.5 FairCoin Wallet Release: CALL FOR TESTERS

see the complete statement and acces to the beta wallet here: http://fair-coin.org/faircoin-beta.html

The upcoming version of the FairCoin client software will be an important step for the Faircoin development!!

IT will not only be a hard fork release, it is in fact more like releasing a completely new coin. The existing block chain will been converted to make use of the much faster and proven SHA256 hash algorithm. This gives us 2 major advantages:

    It is much easier to port existing software that was written for Bitcoin to the FairCoin network.
    E.g. The Bitcoin wallet for android, the Electrum Bitcoin wallet, libbitcoin, etc.

    Much better performance! The scrypt hash algorithem that was used up until now is much slower compared to the SHA256 hash algorithm.


Also one important step will be the solve of the mintpal claimed coins problem with this new release

The new block chain will contain a special block that recovers about 4,000,000 FAIR that were freely distributed at the start of FairCoin back in March 2014 and have never been used since then or are simply lost.

Read the link for further information. Again:  http://fair-coin.org/faircoin-beta.html

PLEASE, TEST IT, and share your experience here in this topic.
(you could also test it with your friends, to send test faircoins from different wallets, and testing of multisignature feature)

Hey,

i have published a list of bounties to promote FairCoop / Faircoin developement
you can make your suggestions there:

https://fair.coop/groups/faircoop-community/forum/topic/bounties-for-faircoop-developement/#post-4227

at the moment my faircoin folder on windows machine is less than 118MB for about 88000 blocks ( a block every 3.3 min. ) an 8GB SD card will last for years