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en:faircoop:start [2018/10/11 15:01]
biopablo_cloud.fair.coop
en:faircoop:start [2018/10/11 16:40]
biopablo_cloud.fair.coop
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 ##FAQ ##FAQ
-###​What'​s the relationship between Fair.Coop and Faircoin? How will they intersect and/or interact?+###​FairCoin 
 +####​What'​s the relationship between Fair.Coop and Faircoin? How will they intersect and/or interact?
 Our intention is to be “Fair in name, fair in practice”. FairCoop uses Faircoin as its social capital and store of value. FairCoop is Faircoin’s “conscience” – it’s a cryptocurrency attached to Commons-oriented responsibility. Our intention is to be “Fair in name, fair in practice”. FairCoop uses Faircoin as its social capital and store of value. FairCoop is Faircoin’s “conscience” – it’s a cryptocurrency attached to Commons-oriented responsibility.
  
 FairCoop already holds 20% of all Faircoins in existence, which guarantees that the growth of the currency’s value will go to the common good. This is guaranteed by FairCoop’s democratic accountability system. FairCoop already holds 20% of all Faircoins in existence, which guarantees that the growth of the currency’s value will go to the common good. This is guaranteed by FairCoop’s democratic accountability system.
  
-###How can cryptocurrencies alleviate economic injustice and promote social good?+####How can cryptocurrencies alleviate economic injustice and promote social good?
 Up until now, cryptocurrencies have held great potential, but which hasn’t always coincided with a practicality that would alleviate those ills. Certain elements such as bypassing the need for central banks are steps along the way, but there was something missing. A holistic social and economic system is urgently needed to address the inequalites inherent in the current system. Up until now, cryptocurrencies have held great potential, but which hasn’t always coincided with a practicality that would alleviate those ills. Certain elements such as bypassing the need for central banks are steps along the way, but there was something missing. A holistic social and economic system is urgently needed to address the inequalites inherent in the current system.
  
-###How is Faircoin different to Bitcoin?+####How is Faircoin different to Bitcoin?
 For one thing, Faircoin is technically different, in the currency generation protocol used. Faircoin uses Proof of Stake (POS) instead of Proof of Work (POW). The use of POS prevents any unfair advantage which could be afforded to those who can access and invest in the environmentally destructive means of mining (destructive for its consumption of energy and resources needed for the servers). What really makes Faircoin different is its specific use as a tool for Fair.Coop, as a cryptocurrency designed to act as store of value for Fair.Coop and its redistribution of capital to socially and environmentally coherent projects. For one thing, Faircoin is technically different, in the currency generation protocol used. Faircoin uses Proof of Stake (POS) instead of Proof of Work (POW). The use of POS prevents any unfair advantage which could be afforded to those who can access and invest in the environmentally destructive means of mining (destructive for its consumption of energy and resources needed for the servers). What really makes Faircoin different is its specific use as a tool for Fair.Coop, as a cryptocurrency designed to act as store of value for Fair.Coop and its redistribution of capital to socially and environmentally coherent projects.
  
-###Is Faircoin your model of how a currency could be useful for a fair economy?+####Is Faircoin your model of how a currency could be useful for a fair economy?
 No. Faircoin is not a monetary model from the Fair.Coop point of view, but a tool – one among others – that we want to make use of in the transition process of creating social change and building a new economic system. As a tool, it is intended to be useful for redistributing social capital between projects that aim to create change. Another of its functions as a tool is as an element to begin creating independent,​ economical, transnational relations outside the control of the old banking system. The model that we envision will go far beyond this, but as of now we are still far from it, and Faircoin is one useful tool to get there. No. Faircoin is not a monetary model from the Fair.Coop point of view, but a tool – one among others – that we want to make use of in the transition process of creating social change and building a new economic system. As a tool, it is intended to be useful for redistributing social capital between projects that aim to create change. Another of its functions as a tool is as an element to begin creating independent,​ economical, transnational relations outside the control of the old banking system. The model that we envision will go far beyond this, but as of now we are still far from it, and Faircoin is one useful tool to get there.
  
-###Why choose to take advantage of an existing cryptocurrency such as Faircoin?+####Why choose to take advantage of an existing cryptocurrency such as Faircoin?
 For a cryptocurrency to be accepted in cryptocurrency markets, and be able to be bought and sold–for example, exchanging it for Bitcoins–it must have a clean launch, which is to say it must have been previously published so that all can participate. Another much-valued aspect is that the initiators of the cryptocurrency do not retain a significant portion of the cryptocurrency,​ or else it would be considered a scam. For a cryptocurrency to be accepted in cryptocurrency markets, and be able to be bought and sold–for example, exchanging it for Bitcoins–it must have a clean launch, which is to say it must have been previously published so that all can participate. Another much-valued aspect is that the initiators of the cryptocurrency do not retain a significant portion of the cryptocurrency,​ or else it would be considered a scam.
  
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 Besides, it shouldn’t be difficult to ensure that once the dissemination of the project has begun and it is generating the ability to purchase and accumulate the currency, we can bring about a general trend toward a rising value of Faircoin, boosting the credibility of the project. Besides, it shouldn’t be difficult to ensure that once the dissemination of the project has begun and it is generating the ability to purchase and accumulate the currency, we can bring about a general trend toward a rising value of Faircoin, boosting the credibility of the project.
  
-###Who are we buying Faircoins from?+####Who are we buying Faircoins from?
 At the moment most of the offers of faircoins for sale come from private investors or supporters who had previously bought faircoins. Also, there are still some that come from individuals that filled from the first distribution,​ but most of them, in fact, already sold off in the first weeks and months. At the moment most of the offers of faircoins for sale come from private investors or supporters who had previously bought faircoins. Also, there are still some that come from individuals that filled from the first distribution,​ but most of them, in fact, already sold off in the first weeks and months.
  
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     “FairCoin is a decentralised virtual currency, distributed through a vast airdrop process during the 6th and 8th of March, 2014 (view airdrop statistics). An approximate 49,750 addresses were logged for the giveaway, each able to claim 1000 FAIR per hour. Automated airdrop claiming methods had no effect, as each IP address could register once per hour, and 2 different captchas had to be solved. These security precautions were hidden till the day of distribution. FairCoin’s vast distribution method allowed a good portion of the cryptocurrency community to claim a little bit of the 50,000,000 FairCoins, each.” https://​fair-coin.org/​     “FairCoin is a decentralised virtual currency, distributed through a vast airdrop process during the 6th and 8th of March, 2014 (view airdrop statistics). An approximate 49,750 addresses were logged for the giveaway, each able to claim 1000 FAIR per hour. Automated airdrop claiming methods had no effect, as each IP address could register once per hour, and 2 different captchas had to be solved. These security precautions were hidden till the day of distribution. FairCoin’s vast distribution method allowed a good portion of the cryptocurrency community to claim a little bit of the 50,000,000 FairCoins, each.” https://​fair-coin.org/​
  
-What are the technical specifications of the Faircoin?+####What are the technical specifications of the Faircoin?
 Technical features of FairCoin Technical features of FairCoin
  
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 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. We call it “human-based consensus”. 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. We call it “human-based consensus”.
  
-###What is ‘Proof of Stake’ mining?+####What is ‘Proof of Stake’ mining?
 There are two systems by which miners can earn rewards for investing in digital currencies: There are two systems by which miners can earn rewards for investing in digital currencies:
  
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 (from: https://​www.coinpursuit.com/​pages/​proof-of-work-proof-of-stake-bitcoin-mining ) (from: https://​www.coinpursuit.com/​pages/​proof-of-work-proof-of-stake-bitcoin-mining )
  
-###Can I make a profit by investing in Faircoin? Can I make a profit through Fair.Coop?+####Can I make a profit by investing in Faircoin? Can I make a profit through Fair.Coop?
 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. 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.
  
-###Is Faircoin speculation?​+####Is Faircoin speculation?​
 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. 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.
  
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 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. 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.
  
-###What benefits are there for an individual who wants to participate?​+###Other Qs 
 + 
 +####What benefits are there for an individual who wants to participate?​
 There are a lot! You are getting involved in a large participatory effort to improve things in this imperfect world. There are a lot! You are getting involved in a large participatory effort to improve things in this imperfect world.
 Everyone has a role here, and can help make it possible. Depending on how you are interested in taking part, you could have different kind of rewards, for example: Everyone has a role here, and can help make it possible. Depending on how you are interested in taking part, you could have different kind of rewards, for example:
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 These and many other options will defined in the future. These and many other options will defined in the future.
  
-###Does Fair.Coop have a legal status and/or structure? If so, what is it and if not, why not?+####Does Fair.Coop have a legal status and/or structure? If so, what is it and if not, why not?
 Although it uses the name “coop”, it’s more of an alliance that incorporates actual, on the ground coops. It’s a bit like asking “what is the ownership status of the Occupy Movement?​” The project is under construction,​ and it depends on a process of participation which is open to the public and, again, available to read here on the Fair.Coop site. You could say that the entire website is the charter, really. Although it uses the name “coop”, it’s more of an alliance that incorporates actual, on the ground coops. It’s a bit like asking “what is the ownership status of the Occupy Movement?​” The project is under construction,​ and it depends on a process of participation which is open to the public and, again, available to read here on the Fair.Coop site. You could say that the entire website is the charter, really.
  
-###Who decides how to distribute the funds? What are the organizations and collectives who will benefit from these funds?+####Who decides how to distribute the funds? What are the organizations and collectives who will benefit from these funds?
 Who the funds will go to isn’t something that’s decided by the promoting team. Identifying who the potential benefactors are and following through is an ongoing democratic process for the whole coop as it’s coming together right now: each of the different Funds is co-managed by a council that works in conjunction with the other Funds, as well as with the entire community built around Fair.Coop. Who the funds will go to isn’t something that’s decided by the promoting team. Identifying who the potential benefactors are and following through is an ongoing democratic process for the whole coop as it’s coming together right now: each of the different Funds is co-managed by a council that works in conjunction with the other Funds, as well as with the entire community built around Fair.Coop.
  
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 We are also very interested in empowering the Global South to increase its resiliency. While there’s an undeniable geographical truth in saying “the Global South”, we also mean the 99% independent of where we may reside. We are also very interested in empowering the Global South to increase its resiliency. While there’s an undeniable geographical truth in saying “the Global South”, we also mean the 99% independent of where we may reside.
  
-###How can I cooperate?+####How can I cooperate?
 An interested group or individual can first simply join our social network, and check out the work teams and various commissions. Fair.Coop, despite its technology, is human in essence. An interested group or individual can first simply join our social network, and check out the work teams and various commissions. Fair.Coop, despite its technology, is human in essence.
  
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 Finally, feel free to directly ask people already involved in the network about anything related to your own involvement. Finally, feel free to directly ask people already involved in the network about anything related to your own involvement.
  
-###Why so many councils? +####Can Fair.Coop and FairCoin ​really work on a global scale? What could that look like?
-There is one council for every fund created, which also means one community – existing or potential – to be developed for every council. This is an organized way to decentralize key decisions in Fair.Coop. Therefore, there is no unique institution empowered to decide everything, but rather, different councils that are simultaneously related to everyone involved in Fair.Coop, in order to act and make decisions together. +
- +
-###What is the CIC’s involvement in the project? Is the CIC the driving force behind Fair.Coop and Faircoin? +
-A lot of the same people are involved with Fair.Coop, but the CIC as an entity is not the central leader or motor for the project. The CIC is an example of one collective attached to local bio-regional realities, but there are many more in the world, which are being united by Fair.Coop. +
- +
-The CIC should be considered as one more local participant,​ and one of many true “peers” in the P2P network making up the global Fair.Coop. +
- +
-###Can Fair.Coop and Faircoin ​really work on a global scale? What could that look like?+
 In fact, Fair.Coop can’t be anything but global. It’s been specifically designed to be global – for this reason, we call it the Earth Cooperative. It’s not a scaled-up local project. One of Fair.Coop’s key objectives is to facilitate a global body of knowledge, capable of generating concrete impact locally. In fact, Fair.Coop can’t be anything but global. It’s been specifically designed to be global – for this reason, we call it the Earth Cooperative. It’s not a scaled-up local project. One of Fair.Coop’s key objectives is to facilitate a global body of knowledge, capable of generating concrete impact locally.
  
 At any rate, we could make a working distinction between two sets of mechanisms that would be produced by Fair.Coop: global and local. At the local level we would see local, specialized mechanisms and knowledge which, in turn, would feed into a global open knowledge economy comprised of, among other things, valuable data and monetary and economic tools. This will be a bidirectional relationship,​ as both parts will nourish one another for the benefit of the whole. At any rate, we could make a working distinction between two sets of mechanisms that would be produced by Fair.Coop: global and local. At the local level we would see local, specialized mechanisms and knowledge which, in turn, would feed into a global open knowledge economy comprised of, among other things, valuable data and monetary and economic tools. This will be a bidirectional relationship,​ as both parts will nourish one another for the benefit of the whole.
  
-###What is the long term vision for Fair.Coop?+####What is the long term vision for FairCoop?
 Our long term vision is to create a means for constructing a new social and economic system based on decentralized cooperation,​ bypassing the need for nation-states and central banks. In the short term, we are creating a space for a real collaborative,​ commons-oriented economy, mutually generated by projects worldwide and destined for humanity as a whole. We’re compiling the sum of the knowledge distributed among different collectives for a cohesive impact. Our long term vision is to create a means for constructing a new social and economic system based on decentralized cooperation,​ bypassing the need for nation-states and central banks. In the short term, we are creating a space for a real collaborative,​ commons-oriented economy, mutually generated by projects worldwide and destined for humanity as a whole. We’re compiling the sum of the knowledge distributed among different collectives for a cohesive impact.