FairCoin
Self-portrait
What is FairCoin?
All current cryptocurrencies require you to buy the coins, either through mining or through exchanges. This gives the advantage to those who already have capital and mining equipment, and can afford risky investments. FairCoin is the first project where the coins are not bought but rather distributed equally between everyone who wants them regardless of their current financial status, and promotes equality.
FairCoin is a crypto currency like Bitcoin. It is a descendant of Peercoin, meaning the block generation is done by PoW/PoS hybrid.
(https://fair-coin.org/#whatis)
Description
FairCoin is decentralized, eco-friendly cryptocurrency managed by FairCoop, based on a consensus allowing financial freedom, encouraging exchange and mutual trust. FairCoop is a global cooperative of people collaborating on fighting against the capitalist system and on building a decentralized system whose power is distributed among its members, looking to balance the monetary scales, encourage fair trade and reduce inequality through a solidary network open to any one person or collective with similar values. The initiative was co-founded by Enric Duran, who also created Cooperativa Integral Catalana.
50 million cryptocoins were distributed by airdrop to approximately 49,750 connected addresses from March 6th to 8th of 2014. Members can download a multisignature secure wallet for Linux, Windows, Mac Raspberry Pi and Android systems.
The coop’s aim is to build a synergetic economic system, a self-managed public cooperative system where knowledge is shared, technology is used adequately and the production of tangible and intangible assets is encouraged. One way of self-representing is by way of a “fairforest”, the elements of which are distinct from one another, but are part of a whole. Councils are formed by 6 or 8 people voted into their positions and regularly assessed by network members.
The system allows taking part in “Fairsavings”, an ethical savings service free from any centralized bank or nation-state control. Service members cannot spend their FairCoins in the first 6 months. The coop also developed an online market platform called FairMarket, where users can browse and purchase goods and services offered by other coop members.
FairStarts provied mutual support and knowledge to other solidarity projects by linking them to resources such as physical resources, technological and legal advice, contacts and strategic partners and networking. FairFunding is fundraising system for socially engaged projects.
Links
Wayback Machine: https://web.archive.org/web/*/https://fair-coin.org/#
