Re: [ANN][FAIR] Faircoin Dev team launch Faircoin 2.0 White paper. PoC
Next to other points the selling might also have to do with the intention to remove POS from this Coin.
I never understood at first place why you choose a POS coin since I too see POS as an unhealthy thing when it comes to financial fairness and equality however my longtime investment plan in this coin is to a significant part driven through that POS.
Getting right of it simple means that I and maybe others have to change to other coins. I didn't sell any of my FairCoins however I asume that a part of the selling we have seen is because of the reduction in longtime attractivness.
I know that this Coin will still grow in value however that grow is not something you can plan and that makes it troublesome for investments.
To all worry about the price drop. We are still in good waters. From past obeservations coins that rose very heavy fall often back to about 30% of its peak and that is where we are now.
I too wonder who is actually really selling if it's still one or more ppl from the early distribution or some that bought the last weeks and forced the a bit unhealthy strong rise.
I never understood at first place why you choose a POS coin since I too see POS as an unhealthy thing when it comes to financial fairness and equality however my longtime investment plan in this coin is to a significant part driven through that POS.
Getting right of it simple means that I and maybe others have to change to other coins. I didn't sell any of my FairCoins however I asume that a part of the selling we have seen is because of the reduction in longtime attractivness.
I know that this Coin will still grow in value however that grow is not something you can plan and that makes it troublesome for investments.
To all worry about the price drop. We are still in good waters. From past obeservations coins that rose very heavy fall often back to about 30% of its peak and that is where we are now.
I too wonder who is actually really selling if it's still one or more ppl from the early distribution or some that bought the last weeks and forced the a bit unhealthy strong rise.
I don't believe that PoS will work on a long term basis for any coin, at least not in its current form. People are like "hey, let's buy in large now and when the value goes 'to the moon', I can just sit on my butt and get money for free'. That doesn't work in the real world, why would it work with digital coins? Why would the coin 'go to the moon' if no one puts effort in it? It doesn't work for MintCoin, ZeitCoin and even not that well for BlackCoin. Yes, PeerCoin is somewhat holding up, but that coin is relatively old already and mostly in the hands of a few holders (https://bitinfocharts.com/top-100-richest-ppcoin-addresses.html).
I believe that every coin generated has to be counterbalanced at some point. PoS is counterbalanced by the large pile of coins you have which will just get larger. It's like everyone has tomato plants, which generate tomato plants while nobody wants tomato's. Normally interest (which you can best compare PoS with) is counterbalanced by loans and long term inflation to nullify the effect of those loans. These are all principles that have proven not to be in the best interest of the common people.
When I first heard of Proof of Cooperation, I was a bit surprised how it would replace Proof of Stake. But when I thought it through, it was the only logical option we could take to differentiate us from the rest of the Crypto world. With Proof of Cooperation we have a valid counterbalance, namely the human consensus and effort that was put to into cooperation. Coins gets meaning and a history because you'll have to work for them to get them. Proof of Cooperation will give you something to talk/blog about, something to be proud of and to show off with. It allows you to explore and start up new initiatives. And if those initiatives are great, you can request funding from the FairCoop. So basically it allows anyone to become an entrepreneur without having the risk of losing it all.
All this adds up to the awareness and value of FairCoin and the FairCoop
