[ANN][FAIR] FairCoin - for a fair economy, featuring proof-of-cooperation - page 89.

smartaction

legendary

Activity: 1918

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Leading Crypto Sports Betting & Casino Platform

Quote from: gadado on May 19, 2015, 01:17:30 PM

Dear Boss,

I demand my next salary to be paid in FairCoin!
Please set up a new Contract with a fix amount of FairCoins each month.

Sincerely your
drudge Tongue

Be your own boss and pay yourself in faircoin! Faircoin is about freedom and cooperation ! Grin

gadado

hero member

Activity: 965

Merit: 515

Dear Boss,

I demand my next salary to be paid in FairCoin!
Please set up a new Contract with a fix amount of FairCoins each month.

Sincerely your
drudge Tongue

Jack Liver

legendary

Activity: 1981

Merit: 1039

Quote from: smartaction on May 19, 2015, 12:44:50 PM

(seems that people are discovering astonished faircoin between first 20 in coinmarketcap.com and remembering about their coins)

get ready, when faircoin reach first 10 in coinmarketcap.com a conspiracy theorist appears Grin

drakandar

sr. member

Activity: 286

Merit: 250

Faircoin Development Team Member

Quote from: smartaction on May 19, 2015, 12:44:50 PM

You can read in the first page or choose for example this literary version -> https://www.vice.com/read/be-the-bank-you-want-to-see-in-the-world-0000626-v22n4

+1 on that article, that's a real piece of work!

Zombie123

legendary

Activity: 868

Merit: 1000

Quote from: smartaction on May 19, 2015, 12:44:50 PM

Quote from: drakandar on May 19, 2015, 12:41:15 PM

Quote from: raze182 on May 19, 2015, 12:32:14 PM

I haven't followed FairCoin for some time now and just updated my wallet for the first time in over a year. I noticed that all of my FAIR is now gone from my wallet and was sent to the "FairCoin Recovery Fund" without my knowledge back in February. What's going on?

I'd say read up on the frontpage and visit fair.coop; much has happened in the last 12 months.

Regarding the lost coins; we've announced this through various channels, including this forum. So also read up and contact [email protected] for the procedure to reclaim your lost coins.

yes, and again, see my reply yesterday to the same question:
https://bitcointalksearch.org/topic/m.11410962

(seems that people are discovering astonished faircoin between first 20 in coinmarketcap.com and remembering about their coins)

....and in one year in fact already a lot of things happened as drakandar comments.

You can read in the first page or choose for example this literary version -> https://www.vice.com/read/be-the-bank-you-want-to-see-in-the-world-0000626-v22n4

now even 1000 coins are worth .2BTC so people are obviously "remembering" their old coins and want them back lol Grin

smartaction

legendary

Activity: 1918

Merit: 1122

Leading Crypto Sports Betting & Casino Platform

Quote from: drakandar on May 19, 2015, 12:41:15 PM

Quote from: raze182 on May 19, 2015, 12:32:14 PM

I haven't followed FairCoin for some time now and just updated my wallet for the first time in over a year. I noticed that all of my FAIR is now gone from my wallet and was sent to the "FairCoin Recovery Fund" without my knowledge back in February. What's going on?

I'd say read up on the frontpage and visit fair.coop; much has happened in the last 12 months.

Regarding the lost coins; we've announced this through various channels, including this forum. So also read up and contact [email protected] for the procedure to reclaim your lost coins.

yes, and again, see my reply yesterday to the same question:
https://bitcointalksearch.org/topic/m.11410962

(seems that people are discovering astonished faircoin between first 20 in coinmarketcap.com and remembering about their coins)

....and in one year in fact already a lot of things happened as drakandar comments.

You can read in the first page or choose for example this literary version -> https://www.vice.com/read/be-the-bank-you-want-to-see-in-the-world-0000626-v22n4

drakandar

sr. member

Activity: 286

Merit: 250

Faircoin Development Team Member

Quote from: raze182 on May 19, 2015, 12:32:14 PM

I haven't followed FairCoin for some time now and just updated my wallet for the first time in over a year. I noticed that all of my FAIR is now gone from my wallet and was sent to the "FairCoin Recovery Fund" without my knowledge back in February. What's going on?

I'd say read up on the frontpage and visit fair.coop; much has happened in the last 12 months.

Regarding the lost coins; we've announced this through various channels, including this forum. So also read up and contact [email protected] for the procedure to reclaim your lost coins.

raze182

full member

Activity: 163

Merit: 100

A légpárnás hajóm tele van angolnákkal.

I haven't followed FairCoin for some time now and just updated my wallet for the first time in over a year. I noticed that all of my FAIR is now gone from my wallet and was sent to the "FairCoin Recovery Fund" without my knowledge back in February. What's going on?

doremi

hero member

Activity: 654

Merit: 500

Quote from: matthewh3 on May 19, 2015, 10:46:47 AM

Once the market sees the potential rich pickings there someone will set up an exchange with leveraged margin trading for faircoin. There's actually no way to stop it and especially so with open network peer to peer decentralised cryptocurrencies. It's just matter of who and when starts it. Although it may take a good while yet. Bitcoin itself has only had one public leveraged margins trading site Bitfinex up to now. Although that only offers bitcoin and litecoin leveraged margin trading. And now Poleniex has followed and open up leveraged market trading for four cryptocurrencies. As long term market cap's and trading volumes increase more altcoins will inevitably get leveraged margin trading markets.

i just withdrawal all of my coins in Polo due to 2 reasons:
1. this margin trading
2.verification after 20/05

cheers!

ninjaskip

sr. member

Activity: 574

Merit: 250

Quote from: matthewh3 on May 19, 2015, 10:46:47 AM

Once the market sees the potential rich pickings there someone will set up an exchange with leveraged margin trading for faircoin. There's actually no way to stop it and especially so with open network peer to peer decentralised cryptocurrencies. It's just matter of who and when starts it. Although it may take a good while yet. Bitcoin itself has only had one public leveraged margins trading site Bitfinex up to now. Although that only offers bitcoin and litecoin leveraged margin trading. And now Poleniex has followed and open up leveraged market trading for four cryptocurrencies. As long term market cap's and trading volumes increase more altcoins will inevitably get leveraged margin trading markets.

Not trying to be rude here, but you seem to be obsessed with exchanges, scam coins etc .. relax buddy.

ninjaskip

sr. member

Activity: 574

Merit: 250

Quote from: smartaction on May 19, 2015, 11:26:16 AM

Quote from: matthewh3 on May 19, 2015, 10:46:47 AM

Once the market sees the potential rich pickings there someone will set up an exchange with leveraged margin trading for faircoin. There's actually no way to stop it and especially so with open network peer to peer decentralised cryptocurrencies. It's just matter of who and when starts it. Although it may take a good while yet. Bitcoin itself has only had one public leveraged margins trading site Bitfinex up to now. Although that only offers bitcoin and litecoin leveraged margin trading. And now Poleniex has followed and open up leveraged market trading for four cryptocurrencies. As long term market cap's and trading volumes increase more altcoins will inevitably get leveraged margin trading markets.

In fact exist a way: dont use it! Wink

If someone creates speculative products with faircoin, and this dont likes in general to the faircoin community, what we could do is dont use it, dont promote it and dont support it...

No company will mantain a service that nobody uses...

In fact: the answer is just perfect.
Grin

smartaction

legendary

Activity: 1918

Merit: 1122

Leading Crypto Sports Betting & Casino Platform

Quote from: matthewh3 on May 19, 2015, 10:46:47 AM

Once the market sees the potential rich pickings there someone will set up an exchange with leveraged margin trading for faircoin. There's actually no way to stop it and especially so with open network peer to peer decentralised cryptocurrencies. It's just matter of who and when starts it. Although it may take a good while yet. Bitcoin itself has only had one public leveraged margins trading site Bitfinex up to now. Although that only offers bitcoin and litecoin leveraged margin trading. And now Poleniex has followed and open up leveraged market trading for four cryptocurrencies. As long term market cap's and trading volumes increase more altcoins will inevitably get leveraged margin trading markets.

In fact exist a way: dont use it! Wink

If someone creates speculative products with faircoin, and this dont likes in general to the faircoin community, what we could do is dont use it, dont promote it and dont support it...

No company will mantain a service that nobody uses...

matthewh3

legendary

Activity: 1372

Merit: 1003

Once the market sees the potential rich pickings there someone will set up an exchange with leveraged margin trading for faircoin. There's actually no way to stop it and especially so with open network peer to peer decentralised cryptocurrencies. It's just matter of who and when starts it. Although it may take a good while yet. Bitcoin itself has only had one public leveraged margins trading site Bitfinex up to now. Although that only offers bitcoin and litecoin leveraged margin trading. And now Poleniex has followed and open up leveraged market trading for four cryptocurrencies. As long term market cap's and trading volumes increase more altcoins will inevitably get leveraged margin trading markets.

nightwishx

hero member

Activity: 900

Merit: 500

Quote from: smartaction on May 19, 2015, 09:01:40 AM

Quote from: matthewh3 on May 19, 2015, 08:57:25 AM

We want to really try and get on Poloniex exchange. As they have just launched leveraged margin trading. And that can really work to help stabilise prices.

They launched this margin trading only for 4 coins. Otherwise how you see that this helps stabilice prices? As far i know margin trading is more riskful
and more speculative, i dont see thi good for faircoin

Anyway, if they want to add faircoin without margin trading thats good i guess.

Such margin trading is not healthy.

matthewh3

legendary

Activity: 1372

Merit: 1003

Quote from: matthewh3 on May 19, 2015, 09:07:24 AM

Quote from: smartaction on May 19, 2015, 09:01:40 AM

Quote from: matthewh3 on May 19, 2015, 08:57:25 AM

We want to really try and get on Poloniex exchange. As they have just launched leveraged margin trading. And that can really work to help stabilise prices.

They launched this margin trading only for 4 coins. Otherwise how you see that this helps stabilice prices? As far i know margin trading is more riskful
and more speculative, i dont see thi good for faircoin

Anyway, if they want to add faircoin without margin trading thats good i guess.

For leveraged margin trading of FairCoin would help add a lot more volume to both the buy and sell side for a start. Here is an academic paper by Vikram Nada of the University of Michigan and Bhagwan Chowdry of the Univesity of California, Los Angeles on Leverage And Market Stability: The Role Of Market Rules And Price Limits - http://www.anderson.ucla.edu/faculty/bhagwan.chowdhry/leverage.pdf

While yes the speculators taking part in the margin trading are taking high risks. And even the users who loan out their faircoin and bitcoin to be leveraged are taking risks, but to a less of extent for a lesser reward. Although it is the FAIR/BTC market price that is the true winner and benefits from enhanced stability.

drakandar

sr. member

Activity: 286

Merit: 250

Faircoin Development Team Member

Quote from: smartaction on May 19, 2015, 09:01:40 AM

Quote from: matthewh3 on May 19, 2015, 08:57:25 AM

We want to really try and get on Poloniex exchange. As they have just launched leveraged margin trading. And that can really work to help stabilise prices.

They launched this margin trading only for 4 coins. Otherwise how you see that this helps stabilice prices? As far i know margin trading is more riskful
and more speculative, i dont see thi good for faircoin

Anyway, if they want to add faircoin without margin trading thats good i guess.

I read about that this morning, and they kinda lost me when they wrote:"You can now borrow funds from lending users to open long and short positions with 2.5x leverage on our XMR, DASH, XPR and LTC Margin Trading platform. You can also loan funds in the same selected markets in 1 day intervals at up to 5% interest."

It feels like this is building on the classical debt based system where value becomes locked and at some point has no ability to grow/move anymore. Instead of doing investments by using financial leverage and creating debt, I believe that a (micro)credit infusions into the world economy will add way more value. If to such an extend that the infusing party (in this case FairCoop) will actually grow with each micro infusion. Since FairCoin is a POS coin, we even should be able to sustain that model on forever basis.

matthewh3

legendary

Activity: 1372

Merit: 1003

Quote from: smartaction on May 19, 2015, 09:01:40 AM

Quote from: matthewh3 on May 19, 2015, 08:57:25 AM

We want to really try and get on Poloniex exchange. As they have just launched leveraged margin trading. And that can really work to help stabilise prices.

They launched this margin trading only for 4 coins. Otherwise how you see that this helps stabilice prices? As far i know margin trading is more riskful
and more speculative, i dont see thi good for faircoin

Anyway, if they want to add faircoin without margin trading thats good i guess.

For leveraged margin trading of FairCoin would help add a lot more volume to both the buy and sell side for a start. Here is an academic paper by Vikram Nada of the University of Michigan and Bhagwan Chowdry of the Univesity of California, Los Angeles on Leverage And Market Stability: The Role Of Market Rules And Price Limits - http://www.anderson.ucla.edu/faculty/bhagwan.chowdhry/leverage.pdf

idandeal

full member

Activity: 131

Merit: 100

wooooowwww really big volume!

smartaction

legendary

Activity: 1918

Merit: 1122

Leading Crypto Sports Betting & Casino Platform

Quote from: matthewh3 on May 19, 2015, 08:57:25 AM

We want to really try and get on Poloniex exchange. As they have just launched leveraged margin trading. And that can really work to help stabilise prices.

They launched this margin trading only for 4 coins. Otherwise how you see that this helps stabilice prices? As far i know margin trading is more riskful
and more speculative, i dont see thi good for faircoin

Anyway, if they want to add faircoin without margin trading thats good i guess.

matthewh3

legendary

Activity: 1372

Merit: 1003

We want to really try and get on Poloniex exchange. As they have just launched leveraged margin trading. And that can really work to help stabilise prices.

Topic: [ANN][FAIR] FairCoin - for a fair economy, featuring proof-of-cooperation - page 89. (Read 376780 times)