Hello my fellow cryptocurrency enthusiasts,

I believe it has come time to stem the flow of scam coins that are ruining this community. Although we can not stop 13 year old copy and paste "devs" from pumping out blatlant scams, we can perhaps form a committee to help promote fair coins and educate new comers to this industry make better decisions about investing in crypto currencies.

I propose that we start the "FairCoin Foundation". This is not a coin, but a foundation that will help establish guidelines that devs, miners, traders, exchanges and investors can follow. Its all really voluntary and we can't force anyone to follow the guidelines, but perhaps the ones that do will gain a stronger following and help kill off the scam coins that are spring up everywhere.

These are some of the ideas I have been thinking of:

1) develop source code that devs can copy and use to launch their own coins. the source can include several parameters set by the foundation that will insure a fair launch and longevity of the coin. This can include

a) a decent starting diff to prevent instamining
b) a gradual block reward, sort of like what Stablecoin used when it was first launched, to give people enough time to set up pools and miners, and insure a somewhat even distribution of coins.
c) a reasonable diff change algo. this is to prevent mine and dump schemes so that the coin has a chance to survive the early stages of launch.  
d) little or no premine - this is up to the Foundation to decide if devs should get a premine and if so at what percentage. My opinion is that devs should get a premine to promote the coin, however devs will have to provide a public ledger that the FairCoin foundation can verify. If a dev fails to do so, it loses its FairCoin stamp of approval.

Once its established the devs will be launching coins with FairCoin parameters, the foundation will give the coin its seal of approval and aide the coin by promoting it as a FairCoin. So now anyone looking at the coin will know that its not just a pump and dump, instamine scam coin.

2) All new coins seeking a FairCoin Foundation Stamp of Approval must launch with the follow.

a) windows and linux wallets
b) source code
c) at least 3 pools open to registration before launch
b) an official website
c) github
d) allow a decent time before launch so that people aren't caught off guard by a new coin launching at some obscure time.

3) In order time maintain FairCoin status, all coins must have

a) a public ledger for premine bounties. All bounties must be established before launch so everyone knows who is getting what they are doing. This can be hosted on the coins official website or thread, and the FCF will maintain a copy of the ledger on the FCF website.

4) Hardforks should be in the best interest of the coin, and not be done to turn the coin into a scam coin. FCF will use its discretion.

We would require the following and anyone who can provide it will be reward on a donation bases. FairCoin would be non for profit, or perhaps we can launch an Actual FairCoin with a Premine so that we may fund the start of the Foundation.

1) an official website
2) FairCoin source coin for Sha-256, Scrypt, Scrypt-Jane and Blake.
3) a logo
4) Community input

questions, comments and concerns please discuss. If this gets going we can really make an impact on how coins are launched in the future. Imagine exchanges that only host FairCoin approved coins, investors knowing that the coin they are putting money into isn't just a pump and dump scam. Miners not wasting their hashes on coins only designed to make a few people rich. We can have an influence on the future of CryptoCurrencies as we know it!