[ANN][FAIR] FairCoin - for a fair economy, featuring proof-of-cooperation - page 68.

Anduril_FotW

sr. member

Activity: 413

Merit: 250

Quote from: clipman77 on July 16, 2015, 04:30:06 AM

Quote from: Anduril_FotW on July 16, 2015, 04:27:54 AM

With the current work and efforts being put into the FAIR economy and the successes that have already been achieved, it really amazes me that there are still people dumping FAIR in Bittrex.
Unfortunately, we can only start growing again once all the dumpers have dumped their coins into the hands of long term investors and believers in the FAIR economy.
To speed up this process, we really need volume.
The good thing about volume is that the process of moving the coins from people without faith to people with faith goes much quicker.
Therefore again, I believe we need to lower the price in GetFairCoin to create more volume.
Also with the FAIR week coming up we need buy and sell prices that match. If they are currently lower than what we would like then so be it for the moment. It will rise in the future, but for now we need to adjust accordingly is my believe.
My opinion at least Wink

How much should drop the price about?

I don't think we should lower it too much.
Maybe to 25 FAIR/ EUR ?

With a BTC price of 260 euro, that would be a rate of about 0.00015 BTC/ FAIR.
That seems more fair to me in the current situation.

Mandy1749

full member

Activity: 157

Merit: 100

Quote from: Anduril_FotW on July 16, 2015, 04:27:54 AM

With the current work and efforts being put into the FAIR economy and the successes that have already been achieved, it really amazes me that there are still people dumping FAIR in Bittrex.
Unfortunately, we can only start growing again once all the dumpers have dumped their coins into the hands of long term investors and believers in the FAIR economy.
To speed up this process, we really need volume.
The good thing about volume is that the process of moving the coins from people without faith to people with faith goes much quicker.
Therefore again, I believe we need to lower the price in GetFairCoin to create more volume.
Also with the FAIR week coming up we need buy and sell prices that match. If they are currently lower than what we would like then so be it for the moment. It will rise in the future, but for now we need to adjust accordingly is my believe.
My opinion at least Wink

strong hands can change to weak hands if you lower the price in getfaircoin as your wish
getfaircoin is good tool to stable the price...the market is very unstable Especially in such a low marketcap coin.
getfaircoin is not only a tool to buy faircoin. it's also a tools to guide people what the correct price of fair is(would be).and it's a tool to stable the price.
the price in bittrex is not the correct price of fair,it's can be easily Influences by a small buy or small sell.i say small that means you only need to sell 200K fair or buy 20BTC,the price would be half ,or be double.
so i dont think the price on bittrex is the correct price of fair.

clipman77

legendary

Activity: 1610

Merit: 1008

Quote from: Anduril_FotW on July 16, 2015, 04:27:54 AM

With the current work and efforts being put into the FAIR economy and the successes that have already been achieved, it really amazes me that there are still people dumping FAIR in Bittrex.
Unfortunately, we can only start growing again once all the dumpers have dumped their coins into the hands of long term investors and believers in the FAIR economy.
To speed up this process, we really need volume.
The good thing about volume is that the process of moving the coins from people without faith to people with faith goes much quicker.
Therefore again, I believe we need to lower the price in GetFairCoin to create more volume.
Also with the FAIR week coming up we need buy and sell prices that match. If they are currently lower than what we would like then so be it for the moment. It will rise in the future, but for now we need to adjust accordingly is my believe.
My opinion at least Wink

How much should drop the price about?

Anduril_FotW

sr. member

Activity: 413

Merit: 250

With the current work and efforts being put into the FAIR economy and the successes that have already been achieved, it really amazes me that there are still people dumping FAIR in Bittrex.
Unfortunately, we can only start growing again once all the dumpers have dumped their coins into the hands of long term investors and believers in the FAIR economy.
To speed up this process, we really need volume.
The good thing about volume is that the process of moving the coins from people without faith to people with faith goes much quicker.
Therefore again, I believe we need to lower the price in GetFairCoin to create more volume.
Also with the FAIR week coming up we need buy and sell prices that match. If they are currently lower than what we would like then so be it for the moment. It will rise in the future, but for now we need to adjust accordingly is my believe.
My opinion at least Wink

smartaction

legendary

Activity: 1918

Merit: 1122

Leading Crypto Sports Betting & Casino Platform

Quote from: matthewh3 on July 14, 2015, 01:39:37 PM

Quote from: smartaction on July 13, 2015, 05:00:26 PM

So, my proposal could be designed like this.

We build a Faircoin stabilization fund. That fund only appears in special situations, like we have now. I n the future when Coopshares liquidity fund would be bigger, probably that stabilization fund not would be needed, but right now is needed.

From getfaircoin we manage that fund. we receive Bitcoin, and buy on the sell walls. After that we distribute the faircoins in proportion of your investment.

For the people that suports the stabilization fund, and as a reciprocity of the risk that you are taking
We could bring 20% bonus of your buy in Bittrex, as a free investment in Coopshares FIF. (This comes from the sells that we are doing in getfaircoin.net at bigger price)

So, as example. You invest 1 BTC, with that BTC the stabilization fund, buys 10000 FAIR (if the prices 10000 satoshis in that case)
then we send you the 10000 FAIR and we create for you an investment of 2000 FAIR in Coopshares FIF.

People that want to help without enter to the fund, can do anyway, managing their funds at their own, but without the coopshares bonus.

I would like to know if there are people interested in join.

Yes I could maybe put the 40,000 FAIR investment that I was going to make CoopShares into this fund or maybe only half of it if there's a lot more risk than there is with CoopShares.

What matters for that decition is if you are willing to invest faircoins that you already have, or if you will buy the faircoins. In the first case, its clear that to invest in Coopshares FIF directly is the better choise. In the second case, could be different options, I think that we could talk further about that in PM

Anduril_FotW

sr. member

Activity: 413

Merit: 250

Quote from: smartaction on July 15, 2015, 06:40:57 AM

Quote from: Indal0 on July 15, 2015, 05:54:12 AM

Quote from: idandeal on July 14, 2015, 06:22:30 PM

I think the value will remain low as long as there are people who have hundreds of thousands of coins ...
I think Revision 2, should take the amount of coins and divide by 2 or 3 in fewer coins, and who has a lot will not rush to sell.

I dont think this will work... if you have 50 million coins there is a top 100 rich list. if you have 10 millions coins you also have this list with people with more coins than others... and you will see dumps and selling preseure again.

agree with Indal0, value not depend of people having more number of coins, but of the % of the total coins that you have. And this mantain stable if you change the total supply.

Otherwise as fair I know who dumps is not the people with more coins and more involved, but other people with lower holdings, and less involved (some times could be also people with urgency of cash....)

The way to grow value is to grow adoption for payments + savings, we continue on that way Wink

Totally agree with this !!!
As long as main stream adoption remains the focus of FAIR, the FAIR value will become stronger and stronger !
Cool

smartaction

legendary

Activity: 1918

Merit: 1122

Leading Crypto Sports Betting & Casino Platform

Quote from: Indal0 on July 15, 2015, 05:54:12 AM

Quote from: idandeal on July 14, 2015, 06:22:30 PM

I think the value will remain low as long as there are people who have hundreds of thousands of coins ...
I think Revision 2, should take the amount of coins and divide by 2 or 3 in fewer coins, and who has a lot will not rush to sell.

I dont think this will work... if you have 50 million coins there is a top 100 rich list. if you have 10 millions coins you also have this list with people with more coins than others... and you will see dumps and selling preseure again.

agree with Indal0, value not depend of people having more number of coins, but of the % of the total coins that you have. And this mantain stable if you change the total supply.

Otherwise as fair I know who dumps is not the people with more coins and more involved, but other people with lower holdings, and less involved (some times could be also people with urgency of cash....)

The way to grow value is to grow adoption for payments + savings, we continue on that way Wink

Indal0

newbie

Activity: 33

Merit: 0

Quote from: idandeal on July 14, 2015, 06:22:30 PM

I think the value will remain low as long as there are people who have hundreds of thousands of coins ...
I think Revision 2, should take the amount of coins and divide by 2 or 3 in fewer coins, and who has a lot will not rush to sell.

I dont think this will work... if you have 50 million coins there is a top 100 rich list. if you have 10 millions coins you also have this list with people with more coins than others... and you will see dumps and selling preseure again.

Zombie123

legendary

Activity: 868

Merit: 1000

Quote from: idandeal on July 14, 2015, 06:22:30 PM

I think the value will remain low as long as there are people who have hundreds of thousands of coins ...
I think Revision 2, should take the amount of coins and divide by 2 or 3 in fewer coins, and who has a lot will not rush to sell.

Whats that suppose to mean people paid for their coins and you just cant cut the coins to 1/2 or 1/3 ?

idandeal

full member

Activity: 131

Merit: 100

I think the value will remain low as long as there are people who have hundreds of thousands of coins ...
I think Revision 2, should take the amount of coins and divide by 2 or 3 in fewer coins, and who has a lot will not rush to sell.

Indal0

newbie

Activity: 33

Merit: 0

Quote from: smartaction on July 14, 2015, 12:27:58 PM

Quote from: Indal0 on July 14, 2015, 11:02:31 AM

Quote from: Sebastien256 on July 14, 2015, 08:19:15 AM

How many atm machine currently support faircoin?

In the web you can see the map with all the ATM in Spain. in a near future I hope all of them will support Faircoin.
http://www.bitchain.eu/cajeros-bitcoin/

More than that, to remember there are 10000 ATM to cashout in Spain and 4000 in Poland with Fairtoearth app made by chip chap
See the list here: http://www.halcash.com/es/cajeros/listado/ (spain)
(poland) http://www.halcash.pl/en/find-an-atm/index.html

Returning to Autonomous ATM, together with the bitchain ATM we have 5 one way lamassu, two in catalonia, two in castellon and other one pending to confirm... These 5 are also in process to include faircoin, next weeks

So, today there are ways for cashout in ATM but not still to cashin, and when cashin faircoin will becames possible this will be more balanced

lol yes I completely forget that!! lol

matthewh3

legendary

Activity: 1372

Merit: 1003

Quote from: smartaction on July 14, 2015, 05:50:02 AM

Quote from: Indal0 on July 14, 2015, 05:30:26 AM

the new Greek ATM from our Bitchain friends is on fire!

and soon Fair will be able to buy!

Greece’s New 2-Way Bitcoin ATM Processed 20 Transactions in 1st Day

http://cointelegraph.com/news/114834/greeces-new-2-way-bitcoin-atm-processed-20-transactions-in-1st-day

FairCoop made the first contact for this mediatic and succesful emplacement, so bitchain will be very glad with us Wink

Chip Chap is also involved managing the sofware and the exchange.

And the agreement with them is for all the ATM, (already 3 more in spain working), and plans to extend the network together
in Greece. They could install 20 ATM monthly if there are good placements,
So if someone have a good placement to suggest let us know! Wink

If you can get FairCoin on shapeshift.io then it'd be very easy for BTM operators to enable FairCoin transactions.

matthewh3

legendary

Activity: 1372

Merit: 1003

Quote from: smartaction on July 13, 2015, 05:00:26 PM

So, my proposal could be designed like this.

We build a Faircoin stabilization fund. That fund only appears in special situations, like we have now. I n the future when Coopshares liquidity fund would be bigger, probably that stabilization fund not would be needed, but right now is needed.

From getfaircoin we manage that fund. we receive Bitcoin, and buy on the sell walls. After that we distribute the faircoins in proportion of your investment.

For the people that suports the stabilization fund, and as a reciprocity of the risk that you are taking
We could bring 20% bonus of your buy in Bittrex, as a free investment in Coopshares FIF. (This comes from the sells that we are doing in getfaircoin.net at bigger price)

So, as example. You invest 1 BTC, with that BTC the stabilization fund, buys 10000 FAIR (if the prices 10000 satoshis in that case)
then we send you the 10000 FAIR and we create for you an investment of 2000 FAIR in Coopshares FIF.

People that want to help without enter to the fund, can do anyway, managing their funds at their own, but without the coopshares bonus.

I would like to know if there are people interested in join.

Yes I could maybe put the 40,000 FAIR investment that I was going to make CoopShares into this fund or maybe only half of it if there's a lot more risk than there is with CoopShares.

smartaction

legendary

Activity: 1918

Merit: 1122

Leading Crypto Sports Betting & Casino Platform

Quote from: Indal0 on July 14, 2015, 11:02:31 AM

Quote from: Sebastien256 on July 14, 2015, 08:19:15 AM

How many atm machine currently support faircoin?

In the web you can see the map with all the ATM in Spain. in a near future I hope all of them will support Faircoin.
http://www.bitchain.eu/cajeros-bitcoin/

More than that, to remember there are 10000 ATM to cashout in Spain and 4000 in Poland with Fairtoearth app made by chip chap
See the list here: http://www.halcash.com/es/cajeros/listado/ (spain)
(poland) http://www.halcash.pl/en/find-an-atm/index.html

Returning to Autonomous ATM, together with the bitchain ATM we have 5 one way lamassu, two in catalonia, two in castellon and other one pending to confirm... These 5 are also in process to include faircoin, next weeks

So, today there are ways for cashout in ATM but not still to cashin, and when cashin faircoin will becames possible this will be more balanced

Indal0

newbie

Activity: 33

Merit: 0

Quote from: Sebastien256 on July 14, 2015, 08:19:15 AM

How many atm machine currently support faircoin?

In the web you can see the map with all the ATM in Spain. in a near future I hope all of them will support Faircoin.
http://www.bitchain.eu/cajeros-bitcoin/

Sebastien256

hero member

Activity: 715

Merit: 500

How many atm machine currently support faircoin?

smartaction

legendary

Activity: 1918

Merit: 1122

Leading Crypto Sports Betting & Casino Platform

Quote from: Indal0 on July 14, 2015, 05:30:26 AM

the new Greek ATM from our Bitchain friends is on fire!

and soon Fair will be able to buy!

Greece’s New 2-Way Bitcoin ATM Processed 20 Transactions in 1st Day

http://cointelegraph.com/news/114834/greeces-new-2-way-bitcoin-atm-processed-20-transactions-in-1st-day

FairCoop made the first contact for this mediatic and succesful emplacement, so bitchain will be very glad with us Wink

Chip Chap is also involved managing the sofware and the exchange.

And the agreement with them is for all the ATM, (already 3 more in spain working), and plans to extend the network together
in Greece. They could install 20 ATM monthly if there are good placements,
So if someone have a good placement to suggest let us know! Wink

Indal0

newbie

Activity: 33

Merit: 0

the new Greek ATM from our Bitchain friends is on fire!

and soon Fair will be able to buy!

Greece’s New 2-Way Bitcoin ATM Processed 20 Transactions in 1st Day

http://cointelegraph.com/news/114834/greeces-new-2-way-bitcoin-atm-processed-20-transactions-in-1st-day

wosch76

legendary

Activity: 942

Merit: 1026

price is on the rise now

idandeal

full member

Activity: 131

Merit: 100

I'm don't understand why people sell at low value Sad

Topic: [ANN][FAIR] FairCoin - for a fair economy, featuring proof-of-cooperation - page 68. (Read 376780 times)