Topic: [ANN][FAIR] FairCoin - for a fair economy, featuring proof-of-cooperation - page 75. (Read 376780 times)

Yeah, probably one of the more powerful FairCoin buys order book this year 

over 30btc of buy wall 

go go go fair . i saw rate below 10k n now 12k gratz 

16 August 2015; community in distress due to massive sale of FairCoins from the hostel owner

looks great!! I am waiting more info about it and if posible I wanna go in august if we can pay the hostel with fair will be very nice!!

FairCoop not will stop at the summer.

but extending the network, and developing together Fairmarket, Coopshares and others..

FairCoop Camp in Crete, Greece, from july 15 to august 15


https://fair.coop/faircoop-summer-camp-2015/

The funny thing is that this collecting for free by simple clicking a button on a web page was the most intense work I had ever to do for a Coin to get them.

It's much simpler to start a miner or just post interested  than haveing to setup up a timer and remember every 30 min or 1 hour to get a new token and this over 2 or 3 days.

Someone even wrote scripts and invested lot of time in tricking the system. If I don't err he got about factor 10 more than the others at the end.

I collected about 16k through manual work. Never sold them. I bought a lot more. Lucky the most part before this strong rise in price took place.

I think fairmarket will be basic for faircoin value, it will be a confluence point betwen people that believe in one social economy

drakandar explained it very well:

 People are like "hey, let's buy in large now and when the value goes 'to the moon', I can just sit on my butt and get money for free'.


I had worded it different but that is what people hope when investing in POS coins or in any Coin with a reward structor based on the amount of the coins they hold.

Also the Tomato example is amusing and on the point. POS doesn't generate value to a coin and that is why it doesn't make sense in investing into pure POS Coins. The Value has to come from somewhere else. I have none of the POS coins that drakandar listed.

FairCoins value is the FairCoin Market and Economie. I can't think of anything better that gives a Coin a real value than that you will need it to buy specific products you can't buy with any other currency.

Now you can figure that Coin that has something giveing it true value and offering POS is a dream for Crypto-Investors. (A note here such an  investment is always to be considered as a very high risk investment)

Eleminating POS does in no way reduce the real Coin Value .. in the oposite it will increase it over time due to Coins getting lost... but it reduces the attractivness for those "Buy and wait for the moon"-Coin hunters. It's very clear that the most interested in crypto coins are investing into a coin in the hope to get the lucky one that makes them rich somewhen.

With all this said, it also makes sense that we have to counterbalance those 50 million FairCoin that have been generated in the first place. A lot of it already has been counterbalanced by the FairCoop and the FairCoin holders who bought in for long time investment, but there's still some FairCoin roaming about that has been collected for free (by simply clicking a button on a web page). Making that balance will stabilise the coins value.

I don't believe that PoS will work on a long term basis for any coin, at least not in its current form. People are like "hey, let's buy in large now and when the value goes 'to the moon', I can just sit on my butt and get money for free'. That doesn't work in the real world, why would it work with digital coins? Why would the coin 'go to the moon' if no one puts effort in it? It doesn't work for MintCoin, ZeitCoin and even not that well for BlackCoin. Yes, PeerCoin is somewhat holding up, but that coin is relatively old already and mostly in the hands of a few holders (https://bitinfocharts.com/top-100-richest-ppcoin-addresses.html).

I believe that every coin generated has to be counterbalanced at some point. PoS is counterbalanced by the large pile of coins you have which will just get larger. It's like everyone has tomato plants, which generate tomato plants while nobody wants tomato's. Normally interest (which you can best compare PoS with) is counterbalanced by loans and long term inflation to nullify the effect of those loans. These are all principles that have proven not to be in the best interest of the common people.

When I first heard of Proof of Cooperation, I was a bit surprised how it would replace Proof of Stake. But when I thought it through, it was the only logical option we could take to differentiate us from the rest of the Crypto world. With Proof of Cooperation we have a valid counterbalance, namely the human consensus and effort that was put to into cooperation. Coins gets meaning and a history because you'll have to work for them to get them. Proof of Cooperation will give you something to talk/blog about, something to be proud of and to show off with. It allows you to explore and start up new initiatives. And if those initiatives are great, you can request funding from the FairCoop. So basically it allows anyone to become an entrepreneur without having the risk of losing it all.

All this adds up to the awareness and value of FairCoin and the FairCoop

Also It seems nobody wanna sell at thise prices

We have the tool, just use it.

I'm selling the computers, if somebody is interested in europe . Lets talk by PM.

Cheers.

Hello, can you explain this cote?

thanks

We've chosen FairCoin primarily for its name and not for its technical specification. Besides that there was no real alternative to PoS and PoW.

Our new PoC concept however will remove the unfair consensus system and replaces it with cooperation instead of competition. I really believe this will be a beautiful moment when we finally see proof-of-cooperation running and thus brining back a human quality to a currency whilst others try so hard to remove it. And we still retain the same level of security (if not even better) and predicable, stable block time of 3 minutes. To be clear this is not a target time, blocks will be created every tree minutes, if transactions are pending for confirmation.

Besides this, I'm really happy to see the Electrum wallet for FairCoin growing and reaching a stable state which allows me to release it soon. It is really exiting to see how simply and seamlessly multi-signature functionality is implemented. It's really fun to work with it.

Also the Android wallet for FairCoin is very popular with over 200 installations on devices all over the world. An easy to use and fast mobile wallet.

Not only does FairCoin make big steps for real live usage (FairCoop, chip-chap, betabank, coopshares, bitbill and others) but also from a technical point of view the FairCoin infrastructure is very sound and works flawlessly and will continue to do so!

Regarding the current market trend I really see no reason to not staying optimistic. Such volatility is a logical consequence of low volume and tiny order book. This means that if there is a high or a low 'last price' on bittrex it doesn't really mean that much. The real value of FairCoin is defined by the people that actually use it, trust it and contribute to it, but not by a market with a tiny order book and volume.

Next time you see major price changes on bittrex don't overestimate them regardless of their direction. Look at the efforts and the real work many people voluntarily contribute to reach or goal and vision: building tools to enable everyone to participate in a fair economy on a global scale. More and more people join in every week and discuss and decide about our next steps to let our common vision become reality, piece by piece.

Thanks for reading!

regs
Thomas

It great to see your dedication to this coin and faircoop. It is amazing really. I'm wondering what your plan under your sleeve...   

Next to other points the selling might also have to do with the intention to remove POS from this Coin.

I never understood at first place why you choose a POS coin since I too see POS as an unhealthy thing when it comes to financial fairness and equality however my longtime investment plan in this coin is to a significant part driven through that POS.

Getting right of it simple means that I and maybe others have to change to other coins. I didn't sell any of my FairCoins however I asume that a part of the selling we have seen is because of the reduction in longtime attractivness.

I know that this Coin will still grow in value however that grow is not something you can plan and that makes it troublesome for investments.

To all worry about the price drop. We are still in good waters. From past obeservations coins that rose very heavy fall often back to about 30% of its peak and that is where we are now.

I too wonder who is actually really selling if it's still one or more ppl from the early distribution or some that bought the last weeks and forced the a bit unhealthy strong rise.

Well I see that we need to stabilize the price but upper...
anyway people willing to put big buy orders in  5000-8000  also is helping...

Some are working to put liquidity on that, you will see what happen soon.

We need stabilize the price with a buy support in 5000k zone, but we all should put some buy orders here,  or create a system for pump de dumpers and dump the pumpers

Soon you can buy faircoins stake node's off me, example;

You can buy a computer with faircoin here:
https://twitter.com/ekinduu/status/609024436927344640