FairCoop

FairCoop is a global movement of people who are in the process of setting up a selfmanaged, cooperative, supportive, ecological, and autonomous socioeconomic ecosystem for the transition to alternative models of organization based on justice and equity. FairCoop promotes the use of FairCoin as reserve and for real economic exchanges. FairCoin is a digital currency (cryptocurrency) that is fair, ecological, decentralized, and supportive of the common good.

FairCoop itself has no legal status as a cooperative but can rather be seen as an umbrella term for the whole FairCoop Ecosystem.


→ The way from the economic crisis 2007/8 until the foundation of FairCoop

The events listed and persons involved here had directly or indirectly influence to early days of FairCoop

2007/8: Financial Crisis

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2008: Expropriation of the banks

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2010: Foundation of the Cooperativa Intergral Catalana (CIC)

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2011: Movimiento 15-M

The 2011 Spanish protests, also referred to as the 15-M Movement or the Spanish revolution, are a series of ongoing demonstrations in Spain whose origin can be traced to social networks and the Real democracy NOW (Spanish: Democracia real YA) civilian digital platform, along with 200 other small associations. Compared with the Arab Spring and May 1968 in France, it started on 15 May with an initial call in 58 Spanish cities.

The series of protests demands a radical change in Spanish politics, as protesters do not consider themselves to be represented by any traditional party nor favored by the measures approved by politicians. Spanish media have related the protests to the economic crisis, the NEET ( “Not in Education, Employment, or Training”) troubled generation and current protests in the Middle East and North Africa, Greece, Portugal as well as the Icelandic protest and riots in 2009. The protests were staged close to the local and regional elections, held on 22 May.

Even though protesters form a heterogeneous and ambiguous group, they share a strong rejection of Spanish politicians, the current two-party system in Spain between the Spanish Socialist Workers' Party and the People's Party and political corruption and firmly support what they call basic rights: home, work, culture, health and education. One of the movement's ever-rotating spokespeople defined it as “non-apolitical, but non-partisan”.1)

2011: Occupy Wall Street

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2014: Foundation of FairCoop

In April 2014, Enric Duran, co-creator of the concept of Integral Cooperative and co-founder of the Catalan Integral Cooperative, began to develop an early idea of FairCoop with the approach of an of an integral revolution on the global level with experiences from the CIC and former individual actions.

Due to uprise of digital currencies and there diverse advantages for autonomous movements (e.g. decentralization, independence from banks and states), an abandoned cryptocurrency called FairCoin was chosen by Enric to give the potential global movement not just an independent currency but a tool to fund the emerging ecosystem and movement by itself. Before disclosing his plan of reviving the cryptocurrency and announcing the launch of FairCoop Enric acquired anonymously millions of Faircoins from the open market (which, at that time, had the value of a fraction of a cent) and donated about 10 Million to different funds, known as the FairFunds. Later, he shared the plan with others developers who were interested in keeping the currency alive. Especially Thomas König, core developer of FairCoin since then, played a central role in the success of the takeover, the continued development and improvements of the currency.

In the following month, Enric shared the plan also with various partners from the CIC, the p2p foundation (such as Michel Bauwens and Stacco Troncoso), and Dark wallet (Amir Taaki and Pablo Martin), as well as several like-minded individuals and initiatives from around the world, to become the promoter group which has enabled launching of FairCoop on September 17, 2014. 2)