Topic: [ANN][FAIR] FairCoin - for a fair economy, featuring proof-of-cooperation - page 88. (Read 376718 times)

Yeah! You can vote until tomorrow for faircoop here
http://awards.ouishare.net/2015/vote/

(online votes will mean 25% of the results, physical votes will mean 75% )

best of luck on getting faircoin to attention on Ouishare festival

i have a question.
if some day ,there have no sell order on bitrrex any more.or not enough sell on bitrrex
or if there have 100000 FAIR buys in getfaircoin .  but there only have 20000 FAIR sells in bitrrex.
then what will happen ?

Getfaircoin.net price has moved from 1 € = 26 FAIR to 1 = 23 FAIR

At the same time faircoin moved in bittrex from 18500 to 21995 satoshis, and the buys in getfaircoin are
pretty stable..., so we need to move the price, still looking for some level where the sell pressure becomes enought for the current buying force.

As you said, this cryptocurrency enthusiasts relates volume with legitimacy. Perhaps the question here is that Faircoin works different that any other currency
so, the paramethers to evaluate the volume needs to be different.

Most of the cryptocurrencies volume is created by short time and daily traders, buying and selling all the time when they wants to get some value or cut losses. But as far i see, still there are not daily traders in faircoins
So the faircoin volume is smaller, because comes from real investors, that buy for saving or thinking in the fairmarket, and the (thin) sellers are some people that needs to get out and convert some money...

And how many amounts are coming from euro/dollar money today to  Peercoin or Dogecoin or Nextcoin for example ?
I would like to see that volume analisys   

In this sense, the low comparative volume with other of the 20 bigger marketcap  currencies for me could be a positive indicator more than a negative one,
because it means that the way to go meanwhile we are going increasing the buying power is going to have a fast consecuence in the prices, as already is happening.
For me is funny to see how Blackcoin needs to move 100 times more volume than faircoin to create a growth further tan 2 Milions dollars.  Perhaps the reason of that is Faircoin have the potential to go x 100 more in value if reaches this volume, that others not have at all ?

Ho well anyway, I think faircoin will eventuallty moving away from PoS, as thokon00 said. 

That would also be a very good option !
To loan out your coins to the GF so they can stake with it for a project you want to support.
Sound really good  

Yes but most computer users are not PC users anymore and especially so in the 'global south'.  While you can only stake with a PC be it a Rpi even.

Maybe a multisig loaning of coins to be used in staking for a set amount of time could work.  There's been a BIP that will only allow a predefined transaction after a certain block.  So coins could be tide up in a coops staking wallet until a certain agreed block passes.  When the coins would auto TX back to your wallet.  Also maybe a multisig deposit could help things.

But running a faircoin node is very easy and cheap. Everyone can do it and it protect the network. Staking is a small reward for doing so, like getting few cents every few days. By removing staking, less node will protect the network as there is no incentitive.  Network security is important otherwise it can open doors to attack vectors.

What would be really cool is to have an option in the wallet were you could automatically donate all your minted coins to a general fund.
And that everybody who donates to this fund will have a vote option in their wallet with which they can vote to which projects the total fund money should be allocated.

That's probably a very difficult thing to implement, but it would be very FAIR  

It doesn't make sense for most FairCoin users to currently run a full staking node.  And only really makes sense for large wallet holders to do so.  Which means only they'd benefit from the staking and the largest of the largest wallet holders would benefit the most.

F5 Fairforest  !

We want to share this graphic to show how the ecosystem of FairCoop currently works, and the stages of development of its different projects.

https://fair.coop/f5-fairforest/

Not sure that DPoS would be wise in the context of faircoin. Faircoin is somehow already centralised with faircoop (im not saying that this is bad), but DPoS would make it even more. In the end, DPoS will make it a political game to control the staking. Also, DPoS seems to me like a ponzi scheme, where staker dump on others who invest in the coin.

I think that PoS protect the network more than DPoS. And for the rich getting richer with current faircoin PoS, that argument doesnt not make sense with an inflationnary coin like faircoin. In the end, everyone loss value at an equal rate, but im ok with that since inflation promote spending. Overall, argument of rich getting richer is ok for coin like Nxt which number of coin is constant in time but not with faircoin.

I anticipate as much as that there will be no PoS any more. Instead, there will be CVNs (certified validation nodes) which work together.

Yeah PoS just increases the holdings of the largest holders the fastest.  So we're back with the wealthiest getting wealthier the fastest by default.  Maybe DPoS (Delegated Proof of Stake) could work where chosen and favoured individual coops run the staking nodes only.  Which are decided by a vote held by a FairCoop DAO or similar.  Say where the FairCoin DPoS DAO votes to decide which project is adding the most benefit to the ecosystem.  So then get's the right to run one of the 101 equal delegated staking nodes. 
Staking can now be done on a RasberryPi and they only use about 5W iirc.  It may actually be profitable to run a 24/7 node.  So the staking profits they earn could be used for supporting FairCoop projects only.  After all electricity and running costs are removed.  I personally would provide a Rpi and run a not for profit staking node.  Where all staking turnover after running and hardware costs are put into Coopshares Investment Fund (CIF).  And all profits from that reinvested back into the CIF.

Node count does look to be increasing now though along with the price and market cap.  I think there was usually around forty nodes at any one times.  And today there's over fifty currently.  Looks like more users are currently being tempted to start staking.

Yes, I'm currently working on the white paper for FairCoin 2.0. We want FairCoin to become fairer by securing the block chain through cooperation of nodes instead of competition. Also, FairCoin should not give advantage to the rich, we address this issue too! That's why we decided to go for a new version. The public release of the white paper and the following discussion will start soon...

This is going to be exciting! 

regs
Thomas

NP at all, these are only my views and I can understand that a lot of FairCoop supporters are not very comfortable with the ethos of high risk and complex trading vehicles.  Also FairCoin itself was probably considered a scam coin also by the overwhelming majority of cryptocurrency enthusiasts until very very recently.  And it'll probably still yet take a quite a long time to bring the majority of them round.  The price and the market cap may be very high currently, but the long term average trading volume is still relatively very small.  And long term high average trading volume is usually a better indicator of an altcoins ecosystem health than a high price and market cap alone.  So as I said it'll still probably take a good while yet to bring round most skeptics to FairCoin.  Although I am a big long term fan of FairCoops future plans and personally think it has a very bright future.  Hence why I've been supporting it since last year.

https://fair.coop/docs/new-faircoop-startup-p2p-equity-crowdfunding-and-liquidity-fund/


FairCoin 2.0 will be an important blockchain-based innovation to allow the Faircoin blockchain to function, secured with ‘proof of cooperation’, and bring to the world a really functional alternative to the current unfair systems that are based on competition between nodes: ‘proof of work’ and ‘proof of stake’.

(A link to the white paper on this project will be added).



interesting...  

Thanks for the help.