What is Reddit's opinion of FairCoin?

From 3.5 billion Reddit comments

> so you can become a partial owner in a cooperative whenever you buy a participating product

wat, that makes no coop sense. Membership is the sole definer of ownership and while there are consumer coops, they don't need fancy cryptosystems for establishing membership.

As a sidenote, some exsiting cryptosystems around coops or social dividends:

• FairCoin which is analogous to a LETS
• Duniter which is a Universal Dividend coin.

Preach.

Things that would probably work with varying degrees of success.

• build more housing, like lots more housing, like you should be able to rent a room with access to a bathroom for $50 a month and rent an efficiency ( bathroom, kitchenette and window ) for less than $250

• better mental health services and social workers with powers ( can send you to rehab, can call your mom, can send you to the Johnson ward if you're off your meds and find out if or have a doctor decide if you need meds too).

• Jobs. Picking up litter, hand trimming parkways, crossing guards whatever; if you are willing to work there should be something for you to do and maybe it only pays in city scrip but that should be usable for housing ( see above )

• Cultivating social ties across class and economic divides. Ensuring that everyone is part of society and attempting to minimize the number of people who feel as though they are outside of society.

These are all things that could be dealt with by policy at the city, county and state level since we cannot count on any level of assistance from the federal government. Everything from reforming zoning, to providing infrastructure grants to changing building codes to specifically allow higher density buildings.

Funding a serious jobs program with nothing but fancy footwork and computer networks is going to be a trick, but I think it could be done.

Putting social work at the center of the jobs program and linking it to health care and putting an emphasis on mental and emotional well-being not just physical well-being means that suddenly we have a lot more jobs that need educated literate people to fill. People like you, that deserve work commensurate with their ability.

Doing so in a way that heals the wounds of a society gone badly wrong and aiming for a world in which everyone can make a meaningful contribution to society and humanity at large. Might not be the worst thing.

FAIR coin, don't know how much it's still alive but at least in the begining supported quite a few coops. It's also pretty old. https://fair-coin.org/

FairCoin is the means of exchange used by severalconfederated collectives. Our aim is to create an innovative glocaleconomic system from the bottom up in favor of an alternative andpost-capitalist model, paving the way for a collective change towards alife based on values in common. Cooperation, ethics, solidarity andtransparency are key factors to create a value exchange system foreveryone. The development and use of powerful interconnected globaldigital tools and regional hubs are crucial for our success.

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Edit: adding link

I read that the guy who started faircoin which is a cryptocurrency designed for currency free of governments and corporations yet optimized for use as currency and not speculation. He funded it by hacking into european banks https://fair-coin.org/

It's aimed at all the groups you mention, and is intended to fill a similar role as local alternative currencies, i.e. to facilitate the use of unused economic capacity (unsold goods, unemployed people) by providing another form of remuneration besides a national currency. Check out their website for details: https://fair-coin.org/

Hay que buscar alternativas al Bitcoin que no utilicen cantidades enormes de energía por culpa de una carrera tecnológica para el minado.

Es muy interesante el proyecto de Faircoin, impulsado por la FairCoop, con Enric Duran (Robin de los bancos) como cabeza más visible.

https://fair-coin.org/

I think FairCoin uses a variation of PoA called proof of cooperation where the nodes are registered and take turns creating blocks, which are then validated by the other nodes. But, as you say, it is controversial and is a different approach.

You'd have to identify unique users and identification is always bound to some kind of trust.

However, there are some projects that aim to do so: https://fair-coin.org/ (just for reference, I can't vouch for them since I don't like their setup with trusted authorities within the network)

Pretty much. Hence the huge argument between r/bitcoin and r/btc and why some alternative coins use different consensus algorithms to improve decentralisation. There are a bunch of coins that intentionally don't work with ASICs, which improves things a little but then you still have the ecological damage of all the wasted computations. There are alternative consensus algorithms (such as proof of stake) trying to move away from burning computer time, but it's difficult to get things right. PoS, in my opinion, might also lead to a plutocracy... so it isn't perfect either. Finally, if you abandon decentralisation completely, you could use completely centralised coins (eg. Faircoin) which don't use much energy at all.

en faite j'ai entendu parlé de Proof-of-Cooperation, utilisé par le nouveau fair coin : https://fair-coin.org/en/ecological-blockchain-consensus .

En gros l'histoire de ce système est que le mec qui l'a crée est partit avec tout l'argent réel qu'il pourrait, a disparu.

et des gens ont décidé de reprendre le concept, et de racheter les fair coin des gens qui en avait encore.

je sais pas du tout ce que ça vaut et le peu d'infos me fait me dire qu'il y a surement de grosses failles de sécurité possible, mais je me demandais du coup ou ça en était sur les "proof system" et s'il y avait des crypto qui tiennent la route qui fonctionne déjà mieux au niveau éléctricité que le BC.

donc apparemment ethereum utilise encore le bon vieux proof of work, mais voudrait passer a autre chose. ca me rappelait quand on disait que les spécul. sur l'ethereum vont s'arréter ça doit être ça.

There is this comparison with proof of work: https://fair-coin.org/de/node/152

Mainly: proof of work creates inequalities and affects the environment.

proof of stake, still creates inequalities

proof of cooperation solve both of them.

Thanks for the updated link. It sounds like FairCoin2 White Paper should be redirected.

How does signature validation work? How do CVNs know who should have what key? That part seems missing in the new doc (and was "from developers" in the old paper).

I'm open to that, just need local merchants to accept them in transactions. The other thing about bitcoin in particular is that all the people who mined coins in the beginning are gonna get rich off the rest of us using their currency. There are other cryptocurrencies like FairCoin that attempt to solve this problem.

https://fair-coin.org/