Free Faircoin Presentation on November 17th at Redwood Playhouse in Garberville

This is a press release from the Got Respect Store:

Garberville is opening a digital currency exchange and the first Faircoin local node in North America!

What is Faircoin and what is a local node?

Like Bitcoin, Faircoin is a digital currency whose value is determined by the people using it.  Unlike Bitcoin, Faircoin consumes 1/1000th of the electricity during transactions making it the eco-friendliest cryptocurrency available today.

Local nodes offer goods and services and facilitating transfers of fiat currency into Faircoin.

What do you do with Faircoins?  You can hold onto them and watch them grow like an investment, spend them anywhere in the world that a local node exists, or cash them out for fiat currency via electronic transfer into your bank account.

Faircoin (currently worth 51 million dollars – https://coinmarketcap.com) can now be bought for cash at The Got Respect Store or via electronic transfer of funds at the getfaircoin.net website and selecting Humboldt County local node.

Local nodes help to promote awareness of and expand access to the digital economy that is changing how the world does business. The fair.coop website is a great point of reference for more information regarding the goals and ideals of this global-local community.

This new way of trading will empower the lives of millions of people, including those who do not have access to traditional financial services or who prefer to not deal with such institutions.

Robin Denton, a cryptocurrency consultant living in Switzerland commented, “The Emerald Triangle has fascinated me for years, and our project saw the potential to connect with fellow outlaws, freedom lovers and pirates here in America! I saw Garberville as a bridge or portal for new ideas to take root. I think this new digital currency exchange will empower many people in the community and improve your local economy.”

Digital currency is good for sales and transfers of value, and is instant, transnational, transparent, secure, cannot be put on hold, cannot be frozen, and is easy to trade with.

Transaction fees and costly delays of electronic wire transfers are eliminated with this new system, the highest fees being 1% on wire transactions and all other transfers free of charge.

As the service continues to evolve clients will have the possibility to get FairPay chip cards and even become shareholders in the Bank of the Commons, an international cryptocurrency bank.

We want to help you get ahead of the curve in the digital currency boom that is taking the world by storm.

Join us at The Redwood Playhouse Friday November 17th at 6:30 PM for a free one-hour presentation on how you can become a part of this grassroots revolution.

For more information contact Vincent 707-834-3531, or email humboldt@fair.coop.

Or come into The Got Respect Store, 760 Redwood Drive, Garberville, California 95542.

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104 comments

  • This sounds like an advertisement for … The Got Respect Store…
    NOT NEWS….ummm.. a free ad. You can’t really be serious about the faircoin idea, or you really just walked in out of the woods.
    I hope it’s just the writer of this AD that is endorsing this idea.

    • I considered not posting the press release because of it sounding like an ad. But sometimes I think the value of knowing something new is happening is worth the ad flavor of a press release. This is one of those times.

      • Do you support and recommend people buy into this? just because you call it a “press release”, doesn’t make it any less an advertisement, which it is. You do know Ponzi had a first name, it was Charles, he had a pig that wore lipstick and a duck dressed up in a suit and tie…

        • No, Ed. I don’t. When I post a press release, as ALWAYS, it is not an endorsement of the information presented there. It is simply information that I think some of my readers might find interesting. I do the same with Letters to the Editor–for instance some of your letters.

          I don’t know the person. I received no money from them but I did find it interesting that someone in Garberville is selling a digital currency.—not interesting enough to write an article but I thought some of my readers might find it curious from a variety of standpoints.

          • I find it intersting, thank you for posting.

            • Yes, I find it interesting to, in a buyer beware kind of way. Your “CHECK THIS OUT” category doesn’t have a disclaimer like your “Letter to the Editor” category does, just say’in…

              “If it seems too good to be true, it probably is”

              For my part, I try and educate people, let them know there are always two or more sides to every story and they need to educate themselves about the facts. If I did not Thank you for posting my “letters to the editor”, Thank you…

              • Each press release is clearly labeled as such at the top and then they are posted in a special format that is yellow with a green stripe down one side to draw attention to the fact they are not our words.

        • Ed and I thought you had half a brain. If you purchased 5000 Shares of Bitcoin in 2009 for $27.00 Today it would be worth excess of 38 Million dollars. Just think all your problems would be over and you would own the community part and not be sitting @ your desk crying now that you read this. LOL, Better than Gold!! Thank you, Kim, for posting I’m going!! For those of you just coming out of the Woods Goldman Sachs advises there investors to add to there portfolio Cryptocurrencies. Just like the cell phones when they first came out big bulky now we have the smartphone, you can’t stop evolution and considering The Got Respect Store is the first one in North America this could be good for our small town. PS just looked FairCoin is in the top 100 of 1200 cryptocurrencies as I wrote this. Educate yourselves, there are a lot of people setting up their retirement with Crypto.

      • I for one thank you for your post Kym. This is how we all win, as we get organic growth in the currency as opposed to what is prevalent in the crypto space – Hype, greed and speculation.

  • Neo Hippies, money laundering, dope growers….

    Sounds like Marijuana Caliphate needing Toyotas to regroup in Syria and The Triangle…

    Dope is bad, okay?

  • DELUSIONAL LIBERAL

    I don’t think the Zionists will approve of this much. ——–I said it first—-

  • fuckwalterwhite.com

    “…the potential to connect with fellow outlaws, freedom lovers and pirates here in America! I saw Garberville as a bridge or portal..”

    I’ll bet they did.

    Attn: Growers. Just buy gold. Not more fake money.

    • AMEN! When I read those very words the saying “you can’t cheat an honest man” popped into my head.

      Bitcoin has a big head start and how many types of crypto-coins will people be willing to accept. Remember these are worth only what the market says they are worth. That could be zero.

      Really this is primarily an ad, an ad for a scam in my opinion.

      I agree, buy gold or something of tangible value. Screw the crypto capitalists that are out to hustle you out of your “fiat money”.

      The chain letters will be next…

  • I think it’s code for the Swiss want to score some weed.

  • Can I use Faircoin to buy crack on the darkweb?

  • does anyone remember Barter Buck? I got paid overtime in that by some selfish business owner in 1991.

  • I exchanged $1,000 cash for FairCoin on March 13th 2017. The exchange rate at the time was a little over 2 cents ($0.026081 to be exact) per faircoin. I kinda forgot all about this till I read your article today, so I decided to check my account. I just found out that as of today, that $1,000 I invested exactly 8 months ago is now worth $38,570.26! That’s a 3857% yeild! WOW!!! Don’t believe me? Check this chart out for yourself: https://coinmarketcap.com/currencies/faircoin/

    Either way, I’m planning on buying more in Garberville this week. Thanks for the article Kym

  • FairCoin is the economic structure of the Fair Coop, a people-powered economic ecosystem. And it is built upon the principles of permaculture, fair to the people, fair to the earth and a fair share.
    The founder, Enric Duran, aka the “Robin Hood of Spain”, stole over €480,000 from Spanish banks in protest of the debt-based system, and to expose the flaws in centralized economics.
    Decentralized currency removes wasteful transaction fees and costly waiting games for international transactions.

  • Don’t buy into this, It is a Ponzi scheme aimed towards people who barely understand the fundamentals of crypto currency. They want your money and they’re close to no real world applications for this.

    • Yes exactly, which is why they’ve not ever bothered to really market this or hype it up. Yes, no real world applications, except that over 500 merchants use it, there’s remittance, money storage for the unbanked, local nodes to exchange FairCoin for fiat currency. Yeah no uses at all.

  • I’d rather invest in Ethereum, has ALOT more going for it.

    • Steve:
      Agreed there are many crypto that have a lot more going for it, I spent the better part of the day yesterday looking into FairCoin and FairCoop. These people are trying to create something different and not a Ponzi scheme being in the top 100 Crypto and yes I see there on the ground floor. If you invested in BitCoin on the ground floor you wouldn’t be here now and everyone claimed BitCoin was a Ponzi scheme. These people are trying to create something like KMUD People powered and KMUD has been around successfully since 1987. I see no other Crypto doing this. If you know of one please share with the readers. FairCoin is controlled by the people involved not Speculator’s. I spread my investment in many different Cryptos not just Ethereum and have made $. This being said worth the gamble and just like the stock market everything is a gamble.

      • @Richard-

        Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality.It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called “ether”, which can be transferred between accounts and used to compensate participant nodes for computations performed. “Gas”, an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.

        Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale between July and August of 2014. The system went live on 30 July 2015, with 11.9 million coins “premined” for the crowdsale. This accounts for approximately 13 percent of the total circulating supply.

        Ethereum was initially described in a white paper by Vitalik Buterin, a programmer involved with Bitcoin Magazine, in late 2013 with a goal of building decentralized applications. Buterin had argued that Bitcoin needed a scripting language for application development. Failing to gain agreement, he proposed development of a new platform with a more general scripting language.

        At the time of public announcement in January 2014, the core Ethereum team was Vitalik Buterin, Mihai Alisie, Anthony Di Iorio, and Charles Hoskinson. Formal development of the Ethereum software project began in early 2014 through a Swiss company, Ethereum Switzerland GmbH (EthSuisse). Subsequently, a Swiss non-profit foundation, the Ethereum Foundation (Stiftung Ethereum), was created as well. Development was funded by an online public crowdsale during July–August 2014, with the participants buying the Ethereum value token (ether) with another digital currency, bitcoin. While there was early praise for the technical innovations of Ethereum, questions were also raised about its security and scalability.

        Several prototypes of the Ethereum platform were developed by the Foundation, as part of their Proof-of-Concept series, prior to the official launch of the Frontier network. The last of these prototypes culminated in a public beta pre-release known as “Olympic”. The Olympic network provided users with a bug bounty of 25,000 ether for stress testing the limits of the Ethereum blockchain.

        After Olympic, the Foundation announced the beginning of the Frontier network to mark the tentative experimental release of the Ethereum platform in July 2015. Since the initial launch, Ethereum has undergone several planned protocol upgrades called milestones, which are important changes affecting the underlying functionality and/or incentive structures of the platform.

        The current milestone is named “Homestead” and is considered stable. It includes improvements to transaction processing, gas pricing, and security. There are at least two other protocol upgrades planned in the future, i.e. Metropolis and Serenity. Metropolis is intended to reduce the complexity of the EVM and provide more flexibility for smart contract developers. The move to Serenity is still uncertain, but should include a fundamental change to Ethereum’s consensus algorithm to enable a basic transition from hardware mining (proof-of-work) to virtual mining (proof-of-stake). Improvements to scalability, specifically sharding, are also said to be a key objective on the development roadmap. Metropolis adds supports for zkSnarks (from Zcash), and the first zksnarks transaction occurred on testnet on September 19, 2017.

        Smart contracts are deterministic exchange mechanisms controlled by digital means that can carry out the direct transaction of value between untrusted agents. They can be used to facilitate, verify, and enforce the negotiation or performance of economically-laden procedural instructions and potentially circumvent censorship, collusion, and counter-party risk. In Ethereum, smart contracts are treated as autonomous scripts or stateful decentralized applications that are stored in the Ethereum blockchain for later execution by the EVM. Instructions embedded in Ethereum contracts are paid for in ether (or more technically “gas”) and can be implemented in a variety of Turing complete scripting languages.

        Basically Ether is a form of money that can be directly exchanged by computing time in an incorruptible worldwide computer. Now, let that sink in. Do you know anything more valuable than computing in nowadays world’s? Now think about the value of running programs in a worldwide neutral computer.

        Now tell me how does Faircoin and it’s tech compare to this? They’re other projects capable of doing the same thing but able to do better. I’m sure people love the idea, but without the Tech/team that’s all what this is, an “idea”.

        https://www.ethereum.org
        https://entethalliance.org/members/

        https://fair-coin.org
        https://fair.coop

        Do your own due diligence folks,
        A fool and his/her money are soon parted.

        • https://t.me/askfaircoop
          In this group you can introduce yourself, be introduced to the ecosystem, it’s philosophy, its tools, and ask everything you need for a better understanding and collaboration.
          There are specific groups for each area for going deeper. Be Welcome..!

  • There are coins on the https://coinmarketcap.com/ top 100 that are scams by the way. I think people should be careful. If you have limited knowledge of crypto it’s seems like a bad idea to get info from a biased source. My two cents.

    • “If you have limited knowledge of crypto it’s seems like a bad idea to get info from a biased source.”

      Thanks Bitcoin Barney, clearly this is not coming from a biased source “Bitcoin” Barney. Thanks again. Your two cents is appreciated as always.

  • Even IOTA would be a better investment:

    IOTA is an open-source distributed ledger (cryptocurrency) focused on providing secure communications and payments between machines on the Internet of things. Using directed acyclic graph (DAG) technology instead of the traditional blockchain, IOTA’s transactions are free regardless of the size of the transaction, confirmations times are fast, the number of transactions the system can handle simultaneously is unlimited, and the system can easily scale. IOTA was founded in 2015 by David Sønstebø, Sergey Ivancheglo, Dominik Schiener, and Dr. Serguei Popov. It began beta testing in the summer of 2016. As for November 2017, the market capitalization of IOTA is over $1.5 billion, making it the 10th largest cryptocurrency in circulation.

    I think Faircoin is a Ponzi scheme.

    • You call FairCoin a ponzi and not Bitcoin, yet FairCoin hasn’t done any marketing or hyped itself up in anyway. Bitcoin has done everything under the sun to hype that up. And yet Bitcoin is not a Ponzi, but FairCoin is. If FairCoin is a Ponzi, it is the worst executed one I’ve yet to see.

  • Salvio:
    Bitcoin was also considered a Ponzi scheme till people made $.
    I have money in the top ten cryptocurrency’s as well, short term they are a better investment, I then have $ in the ones I’m willing to gamble on. I stopped by The Got Respect Store today to check these guys out, having a warm surprise being a fan of Kung Fu Movies shall we say. I met Sifu Stark 2nd Generation Ip Man with the back of the store filled with Wooden Dummy’s like the Shaolin Temple . He advised me to check with my financial advisor or any Cryptocurrency Consultant with a track record to explain the pros and cons. He advised me or anyone wanting to know anything to join the groups on Telegram in the attachment and get to know the people and what there about and ask questions. He explained how some Europeans working in the local community introduced FairCoop to him and wanted to send $ home using Faircoin instead of Western Union. We talked about how KMUD and the Mateel where built on People Power, Faircoin is the same People powered, built on Consensus decision-making of the members, if nobody gets involved it won’t go anywhere, if people do get involved then who knows what will happen.. Please share other cryptocurrency’s I can join based on Consensus decision-making by the people.. Then we talked Wing Chun Kung Fu!

    • I think that faircoin is trying to use bitcoins success as bait.

      I haven’t seen anything impressive with this project.

      • No, FairCoin is learning from Bitcoin’s failures and trying to be a success by not repeating the same stupid mistakes.

        Biggest mistake? Don’t hype the currency, minimize speculation and work on building intrinsic value within the ecosystem to build stability.

  • It is embarrassing reading the comments from the people against FairCoin with absolutely no knowledge about it. A ponzi? Ridiculous. When the focus is primarily squared at building intrinsic value within the ecosystem and there’s absolutely no hype with this currency whatsoever. Zero marketing! Think before you speak. FairCoin is shaping up to be a real currency, anyone that looks at its chart and its traction can see that. But Bitcoin maximalists and Eth pushers will always fail to accept it.

    • Marketing: noun

      The action or business of promoting and selling products or services.

      Correct me if I’m wrong but don’t you have to buy faircoin in order to be a part of it? Which kind of makes this marketing if your goal is to get people to buy in? How is this zero marketing if this presentation is aimed towards getting people to join?

      • Salvio:

        When I went into the store they wouldn’t sell me Faircoin. I was first directed to join the chat and ask questions thus being a part of it. Don’t need to buy anything and to also consult my financial advisor. If I then feel aligned with their ideals and feel comfortable with an investment proceed or just watch for the next couple of years as they evolve but still participate in the discussions. Sifu Stark told me exactly as my Crypto consultant said invest in the 10 ten! Now Salvio what are people saying who thought Bitcoin was a Ponzi Scheme please share

  • @Richard

    The first sentence you just wrote contradicts the first part of this article you know that right?

    • Says there opening doesn’t say there fully functional, walk in yourself and try to buy Faircoin don’t believe me!!

      • “They’re”. Not there.

        This press release needs to be reworded then because I would imagine people might be getting the wrong impression about what’s going on then.

        • Savio walk into the store and talk to them simple put, they have been there for the last 6 years. Also tell them how you feel the press release needs to be reworded. Please do share your experience!

          • I’d rather not associate my self with a Ponzi scheme.

            • Doesn’t seem like you’re about associating with reality or common sense either. FairCoin has never been a ponzi, and seems anti ponzi to me.

              • If you’ve read into it as much as I have you would most likely come to the same conclusion that yes, this is in fact a Ponzi scheme.

                • Salvio:
                  Reading the comments please elaborate Bitcoin was considered a Ponzi and now look @ it.
                  We can all read into many thing the way we want to see it. I have seen many projects Succeed and Faircoin built on people power means simple the more people get involved the better the success. R Rich shared he invested $1,000 cash for FairCoin on March 13th 2017. The exchange rate at the time was a little over 2 cents ($0.026081 to be exact) per faircoin. After seeing this post he commented his investment exactly 8 months ago is now worth $38,570.26! That’s a 3857% yield! Please tell him how it’s a Ponzi scheme. What do you base your opinion on, how can you foresee the future to say it is in fact a Ponzi scheme knowing the people won’t except it and if they do except it like Bitcoin means it’s not a Ponzi scheme!!

                • You call FairCoin a ponzi and not Bitcoin, yet FairCoin hasn’t done any marketing or hyped itself up in anyway. Bitcoin has done everything under the sun to hype that up. And yet Bitcoin is not a Ponzi, but FairCoin is. If FairCoin is a Ponzi, it is the worst executed one I’ve yet to see.

  • @Cryto Consult.

    Just because Faircoin was built to be like Bitcoin doesn’t mean it will share the same mass adoption.

    With the limited amount of “nodes” that run on raspberry PI’s there is no way it would be able to support heavy network traffic. The technology is very limited and I don’t see any solid roadmap for the future.

    Ponzi scheme:

    A Ponzi scheme is a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities or profit of financial trading.

    https://en.m.wikipedia.org/wiki/List_of_Ponzi_schemes

    • There are currently at least 50 – 70 FairCoin full nodes active. Some of them are PIs and some of them are CVNs. Although a PI delivers limited resources only it’s impressive how many transactions it can actually handle(5tx per second). But this has nothing to do with mass adoption. There are other factors that’ll make for that.

      If however it is determined in the future that PIs become a bottleneck we will replace them with better hardware. It’s as easy as to start a standard full node on better hardware, plug in the Fasito, and add two lines to the configuration file. Thus, the system is very flexible and can adapt to new requirements very quickly.

    • Mass adoption with Bitcoin? A mass adoption of speculators? Great network effect there. Apparently building intrinsic value through encouraging the actors within an ecosystem to cooperate is “ponzi like” to Savio. Nope, no discernible agenda here.

  • Hi!
    The press release is a bit misleading, that’s why I somehow can understand that people call how they call it. Faircoin is actually just one of many FairCoop tools with a broader vision of revolutionizing the whole global economic system from its ground into a post-capitalistic reality. Using a crypto for this aim sounds contradictory but this is part of our holistic strategy to hack the system, which is quite complex. We want a real user base which understands and supports the whole idea of a global change and not just making a quick bug, that’s why we do not promote. We have a sound plan ahead and we would like to see people educating themselves about FairCoop and its principles before any further action. Thus, the target of this event should actually like that and NOT buying into Faircoin.

    Here are some links, which hopefully help a bit to understand FairCoop:

    https://fair.coop/ (old website)
    http://faircoop.surge.sh/ (provisional new website)
    https://prezi.com/wjwiqydssxog/faircoop-structure-chart-2017/ (overview of the whole FairCoop ecosystem)
    https://fair-coin.org/

  • Fair coin IS a cryptocurrency guaranteed by a community of normal people all over the world and has grown 1200% in the last year. It checks out and I challenge ANYONE to prove otherwise. Its far superior than bitcoin,or ethereum as it is the FIRST crypto to use proof of cooperation not stake, Communities are about people and this crypto empowers people and communities glocally and locally. It has more comprehensive services on offer than any other and is the first crypto to have pay cards and its own bank called bank of the commons. There’s no contest and its not a pyramid scheme. Everyone has the chance and opportunity to benefit. Come to the presentation tonight and see for yourself!

    • Faircoin is non comparable with Bitcoin or Ethereum because it has never reached any milestones that these 2 crypto have.

      Bitcoin runs off of Proof of work:
      that’s when computers use graphics cards to mine for currency and to keep the network stable.
      Pro: Generate Currency from mining, number 1 on https://coinmarketcap.com
      Con: 51% issue/future network issues possible when no more coin left to mine 2020

      Faircoin runs off of Proof of cooperation:
      Coins are not generated through mining but validated by nodes (got respect store) and the reward is passed to each “node” round robin style.
      Assembly’s take place about every month where people discuss the price of faircoin. Not a democratic vote.

      Pro: saves energy
      Con: takes too long for transactions, users don’t have the ability to generate coins, only nodes do (got respect store). Little to no support for this in the US. Number 87+ on https://coinmarketcap.com

      Ethereum is switching to proof of stake:
      This is a process where people are able to generate an amount of currency based on their current holdings. It incentivizes people to hold Ethereum to make the network stronger.

      Pro:
      transactions currently average 30 seconds,
      20,000+ and counting nodes,
      #2 on https://coinmarketcap.com,
      the ability to be energy efficient when applied to smart grid system,
      A world wide neutral computer that anyone can run programs on,
      Smart contracts eliminate 3rd parties that usually facilitate transactions,
      People can move titles and legal documents using smart contracts,
      They’re are projects on the ETH blockchain that help intergrate crypto into everyday spending
      https://mona.co/tokensale
      https://www.tenx.tech
      https://www.wetrust.io

      Con:
      ???

  • I admit, I rushed the article and did not focus on the ecosystem,only the currency. It is my hope that our presentation will clarify we are building community.

  • Savio you clearly looked into Faircoop & Faircoin with a bias opinion and knowing you’re a claimed crypto consultant and just graduated High school a few years ago, I wanted to break it down for you! First and foremost Faircoin is NOT a speculative crypto. I see everyone started like crazy to compare to other cryptos as a speculative thing ( bitcoin, ether, all other projects). More important is that Faircoin is NOT the center of Faircoop project but just a tool to achieve the build of a new, separate, economy. Faircoin is one of many tools of Faircoop I think it make sense to handle 100 tx per day with a smart hardware like raspberry pi. This save energy and is fair to our nature!! In fact you can handle 5 tx per second with a pi
    I think the limit will not be the hardware but the bandwidth and network speed.
    ” technology limited ? I think you missed a very important point : Faircoin is the only crypto currency in the world validating transactions in a cooperative way , instead of competitive way ! That means you don’t need those big calculators, consuming hundreds of KW/H just to win the validation. Validating a faircoin cost near zero Watts, thx to the cooperation mode. (loink to faircoin2?) . https://digiconomist.net/bitcoin-energy-consumption
    For the roadmap, you think there is none because FairCoin is NOT a startup . It’s an incredible horizontally organized community who will show you how a real democracy can work.
    You just miss the “roadmap page” from classical startups which they never follow by the way 🙂 ”

    Local nodes are something that makes Faircoop different, as they are the engine behind achieving real economy, Faircoop uses Faircoin right now as a store of value but is also working in allowing Faircoin to become currency you can use for your daily needs, that said Faircoop is building a cooperative ecosystem made of producers and users that believe there is a different way to run an economy without the system of money creation and access to credit Banks and central banks are imposing.
    Finally regarding Ponzi schemes, those schemes are set up in a way that new comers are the ones paying the dividends of the first investors in a pyramidal scheme. Not the case with any crypto since everyone benefits from the rise of price, you own a Faircoin or a bitcoin and you benefit from an increase in price no matter when you bought the coin…..so no Ponzi scheme here
    People talks about ponzies and don´t even know what they mean,

    FairCoin could be a Win-Win situation of a lot of people because ..
    1. If you think fair and see it as a system change then you have with FairCoin the first cooperative digital currency.
    2. If you don’t think completely fair then you can bring up the FairCoin price and help the FairCoop because the value of FairFunds is going up and you can be enjoyed about the higher value of your owned FairCoins.
    3. If you don’t think fair so however you can bring FairCoin Up and help the FairCoop.

    Longterm 3. will learn that 1. and 2. will be more successfully because the way of profit is not sustainable and it will come the day and the investment will fail and the illusion of profit will find an end.

    I think the most of people are on 2. They could imagine to be fair but they are skeptical and need any time to get enough trust in FairCoop and the movement. FairCoin is a good vehicle to motivate different people to FairCoop.
    I know several people who are entered the FairCoin/FairCoop as 2. and after any weeks of listen and learn they want help FairCoop and think more fair than before.
    If anyone want to make profit with FairCoin then he can do this. It is better that he invest in FairCoin and support it with your investment, bring the liquidity up than he invest in Bitcoin and support a unfair economy.
    Maybe it is not perfect but it is a big step into the right direction and saves the freedom of FairCoin and FairCoop.

    There are currently at least 50 – 70 FairCoin full nodes active. Some of them are PIs and some of them are CVNs. Although a PI delivers limited resources only it’s impressive how many transactions it can actually handle. But this has nothing to do with mass adoption. There are other factors that’ll make for that.

    If however it is determined in the future that PIs become a bottleneck we will replace them with better hardware. It’s as easy as to start a standard full node on better hardware, plug in the Fasito, and add two lines to the configuration file. Thus, the system is very flexible and can adapt to new requirements very quickly.

    I just got back from a meeting with some students and Professors @ Stanford University, setting up a local node there as well.

    https://roarmag.org/essays/faircoop-cooperation-new-economy/

    • How does Proof of Cooperation insure a more stable network than Proof of stake?
      The only person that benefits is the node (got respect store) when he/she generates coin off of validating a transaction. How does that promote growth and stability? How does that benefit anyone who isn’t a node?

      With Ethereum you can set up a smart contracts that help facilitate disaster relief or help poverty stricken areas by sending the funds to a created smart contract address. That way the funds get from point A.) to point B.) with no chance of corruption or 3rd party interference.

      https://www.ethnews.com/ethereums-road-map-for-2017
      https://www.ethernodes.org/network/1

      The technology you are promoting is obsolete and you are aiming a biased presentation towards people who have a lack of understanding towards crypto currency’s.

      • By Salvio:
        “The technology you are promoting is obsolete and you are aiming a biased presentation towards people who have a lack of understanding towards crypto currency’s.”

        Speaking of a complete and utter lack of understanding about cryptocurrencies. Here’s your other statement:
        “Bitcoin runs off of Proof of work:
        that’s when computers use graphics cards to mine for currency and to keep the network stable.
        Pro: Generate Currency from mining, number 1 on https://coinmarketcap.com
        Con: 51% issue/future network issues possible when no more coin left to mine 2020″

        Bitcoin mining is approaching quazi centralization with its mining, and no one uses GPUs to mine it anymore, it is all ASIC chips, which have nothing to do with graphics cards, they simply solve hash puzzles with its incredibly limited instruction set.
        https://blockchain.info/pools

        Also, let’s not forget another contributing factor to the unfair distribution of hash computation, given that preferential electric rates are bestowed upon those with government connections and massive amounts of capital. Some pay 2 US cents/kilowatt/hr. The average person pays 8 – 10 cents. There’s a massive difference between 2 and 4 cents for instance. You can imagine how it affects the small miner.

        Number 1 on coinmarketcap isn’t a measure of success, it is your measure of success, which as we’ve established carries little to no weight given your incredible lack of knowledge in this area.

        Salvio, your statements and ad hominem attacks have only indicated a complete lack of knowledge and quite frankly clearly spells out what you are. Someone not meant to be taken seriously.

    • Vitalik Buterin is the creator of Ethereum #2 coin on https://coinmarketcap.com/currencies/ethereum/ and he’s 23 years old. I don’t see how age is a critical factor here btw.

      https://www.forbes.com/profile/vitalik-buterin/

  • The people who are accepted to run a CVN and thus validating the transactions do this voluntarily. The fees they are receiving for that are not even enough to cover the very low energy cost. So there is no monetary incentive behind, just cooperation and love to the project itself. https://fair-coin.org/en/multi-layer-security

    The FairCoop ecosystem organizes itself through open cooperativism. Everybody is encouraged to participate with their individual skills and ideas, and take proactive responsibilities, thus helping the movement grow. Based on our collaborative working tool participants can either volunteer their hours or claim a remuneration in FairCoin to cover their needs. In this way we reward those who are bringing real value with their work into FairCoop, and the value distribution is done in a fair and decentralized way.

    The approaches between Ethereum and Faircoin are quite different so i’m not sure how much it makes sense to compare. FairCoop and FairCoin is going in the direction that people are using the technology in their favor in a sense that human finally still have a say. Etherum is going the way of an automized world where code makes thing faster and more efficient but at the same time also more dangerous. Just imagine what can happen when technological singularity kicks in and AI surpasses human capacity.

    Anyway, both approaches have its legitimacy, FairCoop and FairCoin go the cooperative human-based way and Ethereum the competetive an code-based way. The good thing, for now, is that people can finally choose in (or under) which system they want to live.

    • How Is Ethereum competitive, can you elaborate on that?
      How are Humans handling transactions benifitial to society over all?
      How is adding more menial labor progress?
      We created computers and technology to make jobs easier, why do you need a human element for finances and how does that facilitate progress in the world?
      To me that sounds like a step backwards

      Your ideas are obesolete and you need to rethink your approach.

      • You need to educate yourself first before speaking. You are only embarrassing yourself Salvio with your complete and utter lack of understanding about this subject.

        • What am I not understanding?

          • My previous comment to you where I point out your complete and utter lack of understanding in this space is awaiting moderation.

            But here it is:
            https://imgur.com/a/xeh4Y

            • Ah you are correct, bitcoin mining is run off of ASIC miners not GPUs that was typo.
              They started from GPU’s then after a while moved to ASIC because GPUs were obsolete

              And as for energy right now renewable energy sources are becoming cheaper as time goes on, people have thought of ways to incorporate that into mining – https://youtu.be/Nc9cxWnp30o

              The beauty with Ethereum is that anyone connected to a smart grid can generate currency from renewable energy sources, and as renewable energy sources become more accessible, more people can provide energy to the grid would sustain everyone while providing currency for the service of harvesting energy. The internet of things can benefit the world.
              https://en.m.wikipedia.org/wiki/Smart_grid

              Now tell me Jeff, other than that could you enlighten me on what I’m having trouble understanding?

              • You want more?

                “Faircoin runs off of Proof of cooperation:
                Coins are not generated through mining but validated by nodes (got respect store) and the reward is passed to each “node” round robin style.
                Assembly’s take place about every month where people discuss the price of faircoin. Not a democratic vote.

                Pro: saves energy
                Con: takes too long for transactions, users don’t have the ability to generate coins, only nodes do (got respect store). Little to no support for this in the US. Number 87+ on https://coinmarketcap.com

                1. Coins are not generated anymore, the total supply is already out.
                2. The assembly gathers around to figure out what price to raise it for the mainstream part of the ecosystem. Remember, this is also traded on Bittrex, so it has a market driven component. The assembly takes considerable risk in moving up the price since they need to support the merchants at that price.
                3. FairCoin takes too long for transactions? 3 min max confirmation times, and usually shows up as an unconfirmed transaction within seconds. Are you sure you’re not talking about Bitcoin which has an order of magnitude higher transaction time.

                Not to mention FairCoin can process about 25 transactions/sec. Bitcoin is at what? 4 – 7?

      • [edit] AKA Salvio:

        I asked for a meeting over lunch to get your feedback and discuss as men do, not only did you declined, instead sent a # of Vulgar text messages to my phone. The different in Vitalik Buterin he is a mature 23 year old. The Vulgar messages say’s it all, your nothing more than a Boy Troll as proven here. I will leave with the same text I sent you last Thank you for the negative feedback 🙂

        • Excuse me but my name is Salvio,

          You should spend less time attacking locals and more time proving your point as to why this idea isn’t obsolete. You seem to be taking this conversation unprofessionally and I could imagine why someone wouldn’t want to meet with you.

      • 1) counter-question: how is it not competitive?
        2) situations are sometimes unpredictable like life is, so better to have a final say
        3) we use and develop tech to make jobs easier, too but not to make us completely obsolete.
        4) why not let a bot write this post for you, its more efficient and you need to think less

        What we do is trying to free ourselves from the current system and not directly create a next (digital-) dictatorship just by handing over the control of our lives to algorithms

        5) i don’t think we that we have to re-think our approach

        • 1.) Great answer, looking good.

          2.)That’s why we have computers that help us generate scenarios to prepare for, sure we don’t want machines doing everything (ex. AI weapons) but if machines did more human jobs, humans would be able to better themselves in a lot of different areas, rather than doing menial labor.

          3.) how does humans handling finances manually not obsolete? How does having computers generate unbiased information going to make humans obsolete?

          4.) A Bot wouldn’t be able to articulate my responses in an accurate manner, however when quantum computers are made an AI is available that might be a different story.

          Please explain how decentralized system that runs off of Proof of Stake is a dictatorship?

          5.) Yes, you do.

          • I think you missed his point Salvio. Your responses have been thoughtless and with a very basic and flawed understanding of the blockchain space as a whole. And I’ve been in it for 6 years, it is easy for me to spot someone that’s talking out of their ___.

            So you may as well have a bot do the talking for you, less embarrassing that way, since the blame falls upon our lack of technological ingenuity for not being able to create a bot that matched basic human intelligence. More like cat AI.

  • You want more Salvio?

    “Faircoin runs off of Proof of cooperation:
    Coins are not generated through mining but validated by nodes

    Con: takes too long for transactions

    1. Coins are not generated anymore, the total supply is already out.
    2. The assembly gathers around to figure out what price to raise it for the mainstream part of the ecosystem. Remember, this is also traded on Bittrex, so it has a market driven component. The assembly takes considerable risk in moving up the price since they need to support the merchants at that price.
    3. FairCoin takes too long for transactions? 3 min max confirmation times, and usually shows up as an unconfirmed transaction within seconds. Are you sure you’re not talking about Bitcoin which has an order of magnitude higher transaction time.

    Not to mention FairCoin can process about 25 transactions/sec. Bitcoin is at what? 4 – 7?

    You may want to learn more about this area rather than talk smack about it with a group that has made it their life mission to learn this stuff. You’re arguing against some of the work of PHD economists and folks that have worked for really well known companies with lengthy educational backgrounds. You on the other hand sound like you have none of what they have, nor even a clear understanding of basic terms like Ponzi.

    • Let’s focus on point 1.)

      in December 2016 there were had 53,000,000 coins in Circulation

      Without generating any new coins how do you get 53,193,831 in circulation today?
      https://coinmarketcap.com/currencies/faircoin/

      • It used to be proof of stake, until it was changed over to use proof of cooperation in July of this year. Proof of stake has inflation. You didn’t know that? So there is NO more inflation, hence you see the count remain at that supply.

        • How does Proof of stake cause inflation?

          • with this question you finally convinced me that you don’t have any clue. I’m out of this discussion

            • Some authors argue that proof-of-stake is not an ideal option for a distributed consensus protocol. One problem is usually called the “nothing at stake” problem, where (in the case of a consensus failure) block-generators have nothing to lose by voting for multiple blockchain-histories, which prevents the consensus from ever resolving. Because there is little cost in working on several chains (unlike in proof-of-work systems), anyone can abuse this problem to attempt to double-spend (in case of blockchain reorganization) “for free”.

              Many have attempted to solve these problems:

              Ethereum’s suggested Slasher protocol allows users to “punish” the cheater, who forges on the top of more than one blockchain branch. This proposal assumes you must double-sign to create a fork and that you can be punished if you create a fork while not having stake. However Slasher was never adopted; Ethereum developers concluded proof-of-stake is “non-trivial”. Instead Ethereum designed a proof-of-work algorithm named Ethash.It is planned to be replaced by a different PoS protocol called “CASPER”.

              Peercoin uses centrally broadcast checkpoints (signed under the developer’s private key). No blockchain reorganization is allowed deeper than the last known checkpoints. The tradeoff is that the developer is the central authority controlling the blockchain.
              Nxt’s protocol only allows to reorganize the last 720 blocks. However, this only rescales the problem: a client may follow a fork of 721 blocks, regardless of whether it is the tallest blockchain, preventing consensus.
              Hybrid “Proof of burn” and proof of stake. Proof of burn blocks act as checkpoints, have higher rewards, contain no transactions, are more secure, and anchor both to each other and to the PoS chain, but are more expensive.

              Decred’s hybrid proof-of-work and proof-of-stake. Proof-of-stake as an extension dependent on the Proof-of-work timestamping, based on the “Proof of Activity” proposal, which aims to solve the nothing-at-stake problem by having proof-of-work miners mining blocks and proof-of-stake acting as a second authentication mechanism.
              Statistical simulations have shown that simultaneous forging on several chains is possible, even profitable. But Proof of Stake advocates believe most described attack scenarios are impossible or so unpredictable that they are only theoretical.

              • Now you’re making a strong case for you being a bot. Instead of refuting his claim that you don’t know anything about what you’re talking about, you went ahead and copied and pasted a bunch of things people have said against proof-of-stake, which is not what the argument was about. It was about why inflation existed before the switch over to PoC. They created a better consensus protocol to get rid of inflation. Those ponzi activists I tell ya… up to no good.

                • I posted critisms that have been made about POS and I saw nothing about inflation, could you tell me how inflation effects POS or would that be thoughtless?

                • POS incentivizes the validators of the network with new tokens created. Those that have more tokens being staked, they receive a percentage of that every validation, in a process known as minting. This is inflation.

                  Dude, this is basic blockchain knowledge, stay in school and don’t do drugs. Coming on here and arguing the way you have is out of line with how little you actually know.

                • Inflation or deflation because wouldn’t the price of Ethereum rise if it were inflation?
                  And isn’t that a good thing for holders of ETH if the price went up?
                  Most economists favor a low and steady rate of inflation.
                  Please clairify and be civil if you can.

                • Inflation refers to increasing the supply, the coin count you spoke about, 53 mil to 53.19 mil, that is inflation, which means inflation would cause the price to go down potentially, because the ownership stake of everyone has lowered a bit in the event of inflation. So one coin will be worth a smaller percentage.

                  For instance, say there was 1 million coins, and say 1 coin is equal to $1.

                  Now there is inflation, which causes the count of the coins to go to 1.2 million. 1 coin is worth how much?

                  Before it was a $1 million market cap, now it is technically still a $1 million market cap, with more coins. So 1 million/1.2 million = $0.83333333333 cents. The price has gone down for everyone.

                  The currency wasn’t built for economists, it was built for the people. Are you saying you would prefer having your coin worth $0.83333333 cents instead of $1, because economists favor a low and steady rate of inflation?

                  Also, economists favoring that is basically as an answer to hoarding, which can occur in a deflationary currency since as the user base grows, the demand grows and you have deflation, where the demand increases and supply stays the same. So people eventually start hoarding because they would rather not sell something that goes up in value as the user base grows.

                  But if you have slow and steady inflation, as the user base is growing, then you can keep the demand constant with supply, and thus avoid a situation where your $1 turns into $1.5..

                  Now would you agree with the economists? would you want a situation where $1 stays $1, even with the increased user base?

                  With FairCoin, they’re trying to grow the price with an increased user base, but do it in a way to minimize hype and slowly grow, so that volatility can be minimized and speculation can be limited.

              • To be honest for Ethereum it’s not the dollar amount that I’m interested in but rather the applications for the future that it will be capable of. It’s a world wide neutral computer connected to the internet of things and anyone can create incorruptible programs using its blockchain and smart contracts.

                One example that I mentioned was smart grids. Electrical grids that are connected to the internet of things and are able to conserve energy wherever it needs on the grid. That’s one application that makes the world greener using renewable energy sources connected to a smart grid powered by Ethereum. People could generate currency by providing energy too.

                You could use the Ethereum for farm to table too:
                https://www.ethnews.com/provenance-helps-arkansas-farmers-track-food-with-ethereum

                There are a lot of applications for Ethereum.

  • [edit] AKA Salvio:

    I asked you to meet you sent # of Vulgar text messages instead, who is not the professional Remember you told me to pull my head out my Bleep!! Just one example. I even went to the juice bar today where you have you advertisement as a Crypto Consultant. Oh you found out there was competition in town and upset 🙂 Wouldn’t lunch have been a whole lot better, all these questions would have been answered and sorted out.

    • Once again, my name is Salvio.

      You should spend less time attacking locals and more time providing a valid argument. I don’t see why anyone would want to have lunch with you.

  • FairCoin is a total scam and I can prove it.

    1. It is NOT bitcoin!!!
    2. Bitcoin is the best thing ever and no one can deny that.
    3. You can buy love with Bitcoin. If you tell a girl you have bitcoin, she will give you love long time. You can’t do that with FairCoin, unless you live in Spain or Greece.
    4. Bitcoin came first.
    5. Bitcoin is #1. Bitcoin is #1. FairCoin is #87

    6. FairCoin focused on its ecosystem instead of marketing or hyping it up. Everyone knows you have to hype things up to get the max dollars!!
    7. FairCoin is run by a bunch of naive dogooders trying to change the world for the better. Everyone knows the world is for sociopaths, not people trying to do something good.
    8. Greed and competition are the traits for victory!!! That’s what Bitcoin has shown us. Bitcoin has shown us the way. FairCoin is about cooperation and helping people, that is just not smart.

    So there, I’ve proven how Bitcoin is legit and FairCoin is a scam. Salvio is a genius!!!

    • I think I’ve advocated for IOTA and Ethereum more than Bitcoin and have been able to do so in a civilized manner.

      • You called FairCoin a ponzi repeatedly with no knowledge, no valid arguments and quite frankly wasted everyone’s time with nonsense. But you’re right, you did so in a civlised manner, even if it was thoughtless.

        • I think it’s a Ponzi scheme because of the lack of motivation to collaborate with better tech that actually has some movement behind it (and not in a dollar amount)

          I think that at some point when this project doesn’t move fast enough people will start to dump it on exchanges and someone will be left to foot the bill. That is one reason i’m very doubtful.

          • The chart shows slow and steady growth. The user base has been growing as well and so have the list of merchants. How do you know the project isn’t moving fast enough? We already know this group doesn’t like to hype or talk about all the things it has going on. They prefer to stay mostly under the radar, because hype attracts classless people. Bitcoin has really been moving really fast, has a ton of merchants and users using the currency. Oh wait. No it doesn’t.

            Meanwhile, FairCoin is getting strategic partners daily, and will eventually show you why the long game is crucial. The game is chess, not checkers.

          • Only a sheep buys the hype. You’ve proven yourself to buy hyped up cryptos like Bitcoin and Ethereum, because they’re hyped.

            If a currency doesn’t talk much, then apparently it has nothing going on for it. Because talking the game is important for Salvio.

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