Re: [ANN][FAIR] FairCoop launch Fairmarket Alpha testing version
https://fair.coop/docs/new-faircoop-startup-p2p-equity-crowdfunding-and-liquidity-fund/
FairCoin 2.0 will be an important blockchain-based innovation to allow the Faircoin blockchain to function, secured with proof of cooperation, and bring to the world a really functional alternative to the current unfair systems that are based on competition between nodes: proof of work and proof of stake.
(A link to the white paper on this project will be added).
interesting...
FairCoin 2.0 will be an important blockchain-based innovation to allow the Faircoin blockchain to function, secured with proof of cooperation, and bring to the world a really functional alternative to the current unfair systems that are based on competition between nodes: proof of work and proof of stake.
(A link to the white paper on this project will be added).
interesting...
Yes, I'm currently working on the white paper for FairCoin 2.0. We want FairCoin to become fairer by securing the block chain through cooperation of nodes instead of competition. Also, FairCoin should not give advantage to the rich, we address this issue too! That's why we decided to go for a new version. The public release of the white paper and the following discussion will start soon...
This is going to be exciting!
regs
Thomas
Yeah PoS just increases the holdings of the largest holders the fastest. So we're back with the wealthiest getting wealthier the fastest by default. Maybe DPoS (Delegated Proof of Stake) could work where chosen and favoured individual coops run the staking nodes only. Which are decided by a vote held by a FairCoop DAO or similar. Say where the FairCoin DPoS DAO votes to decide which project is adding the most benefit to the ecosystem. So then get's the right to run one of the 101 equal delegated staking nodes.
Staking can now be done on a RasberryPi and they only use about 5W iirc. It may actually be profitable to run a 24/7 node. So the staking profits they earn could be used for supporting FairCoop projects only. After all electricity and running costs are removed. I personally would provide a Rpi and run a not for profit staking node. Where all staking turnover after running and hardware costs are put into Coopshares Investment Fund (CIF). And all profits from that reinvested back into the CIF.
Node count does look to be increasing now though along with the price and market cap. I think there was usually around forty nodes at any one times. And today there's over fifty currently. Looks like more users are currently being tempted to start staking.
Not sure that DPoS would be wise in the context of faircoin. Faircoin is somehow already centralised with faircoop (im not saying that this is bad), but DPoS would make it even more. In the end, DPoS will make it a political game to control the staking. Also, DPoS seems to me like a ponzi scheme, where staker dump on others who invest in the coin.
I think that PoS protect the network more than DPoS. And for the rich getting richer with current faircoin PoS, that argument doesnt not make sense with an inflationnary coin like faircoin. In the end, everyone loss value at an equal rate, but im ok with that since inflation promote spending. Overall, argument of rich getting richer is ok for coin like Nxt which number of coin is constant in time but not with faircoin.