It has been built with a clear value set in mind to bridge economic gaps on a regional and global level. FairCoin was adopted and mainly used by the FairCoop Ecosystem, amongst others. Its aim is to be a is a powerful tool for a decentralized ecosystem of cooperative networks by providing independence from central banks, financial institutions, and governments due to its inherent technology.
Create account. Or sign in with. Sign in. Password Forgot password. Remember me. Contact technical support. If you have any problems with the system, please describe the problem in the form below, or send your question to: support neironix. Faircoin course in BTC. Market capitalization. In fact, since Fair. Coop is based on open political participation, we can say that Fair.
Coop adds to FairCoin with an approval based on agreements between humans— which, to our knowledge, no other cryptocurrency does. Proof-of-Work Mining. This is exactly what it sounds like: you earn coin and transaction fee rewards according to the number of blocks you mine successfully.
Once a miner or miners have completed the satisfactory mining of a data block, they earn a number of coins, a share of the transaction fees contained within that block, or a combination of the two. This type of mining requires an investor to take an active part in mining data blocks, which helps verify transaction data and create new coins.
Proof-of-Stake Mining. All you have to do to earn with this method is to hold coins in a given type of digital currency. The more you invest, the more you are likely to earn. The advocates of this method like to point out that it provides for higher currency security, for those who invest more heavily are more likely inspired to see it succeed. The digital currencies which use the proof-of-stake method almost always use it in combination with proof-of-work mining.
Otherwise, the temptation to invest heavily, but not take an active role in mining data blocks, could result in extremely slow mining. This in turn could result in longer transaction times and lower transaction security, neither of which are healthy for an alternative currency.
Yes, you can sell higher after buying lower, but the kind of profit that Fair. Coop promotes is through savings. FairSaving is a project promoted by Fair. Coop, where faircoins are saved for at least 6 months. If the price has gone up after this time period, you will make profit; if the price has gone down, you will have a loss. Therefore, the kind of profit that Fair.
Coop supports is medium or long term investment, because this kind of profit helps the long term goals of Fair. Coop related to the redistribution of wealth through the Fair. Coop funds. Speculation is a product of freedom, in the sense that there are people that create services, people that buy, people that sell. Therefore, any market that is free enough to build this structure to trade with is subject to the risk of speculation.
Cryptocurrencies, as deregulated markets based in freedom, are susceptible to speculation. Put another way, if you value decentralization, you need to be conscious that it is not possible for a decentralized money system to be closed to trading in private markets. You could ask yourself if the Euro or Dollar are speculation.
The percentage level of gains or losses in a market depends upon the volume and liquidity of that market. In these markets, the way to gain or lose a lot is to invest a lot. Otherwise, in markets with very low volume, the possibility of high percentage gains or losses is greater. Seen from the outside, this creates the impression that cryptocurrencies are about speculation.
That said, people willing to buy or sell for short term wins are also doing a some social good in a money market of low liquidity, because they facilitate access in or out for the people using that currency for practical uses like buying or selling goods and services, or helping the value of the currency through long term savings.
Therefore, this is still a controversial question in anti- and post-capitalist environments. In fact, a currency like Faircoin needs to have a low volume at the beginning in order to have higher volume and acceptance in the future. Here you can read more about the FairCoin History from its origin until nowadays. Trace FairCoin. Share on Price on online exchange markets may vary. Shops, bars and restaurants: If you are running one of these businesses you can easily accept FairCoin as payments for the bills.
This is already happening in some places in Europe, especially in Spain and Greece. Look at the list of places accepting FairCoins here: use. Salary and income: If you are self-employed worker you can offer your digital and non-digital services and products for FairCoin through the FairCoop legal tool Freedom Coop link is external. You can also offer your products and services for Faircoins to the online world.
For this, use our FairMarket link is external as an online market plattform. Substitute for a bank account: FairCoin as part of the FairCoop ecosystem supports independence from authorities, banks, and state interference. Therefore a FairCoin wallet can be especially useful for refugees without official documentation, who have difficulties in obtaining a bank account, or for people who wish to minimize their activities inside the current economic system. Please take a look at the alternative banking services of Freedomcoop link is external.
Personal savings: FairCoins can also be used as a store of value and therefore as personal savings. By doing so savers support the FairCoin and FairCoop ecosystem to raise and stabilize the price at a higher level and make our economic impact stronger. Additionally, it can be used in 70, stores and 10, ATMs for cashing out through the Telepay network in Mexico. Local economic networks: The local economy is crucial in closing the economic circle and has a real use case for the people to pay for products and services in their everyday life without the necessity of converting to other currencies.
Therefore local street markets and cooperatives especially integral cooperatives who widely accept FairCoin will be important for the independent and self-managed lives of individuals and communities. Therefore they can build liquidity to support them and make those projects happen. You can find them here in our UseFaircoin website. If you run a workshop or course, which is related to the alternative economy, alternative education, integral cooperativism or similar topics you could also accept FairCoins as allowance or donations from your participants.
How was FairCoin started. Who owns FairCoins today? Where can I see the amount per address. Who takes care of FairCoins. What is the Proof-of-Cooperation innovation. Who runs the cooperatively validated nodes. Why do you charge a small fee per transaction. Do I have to pay taxes with FairCoin.
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