Faircoin is 100% premined!

It should be called unfair coin!

The developer decided who gets what coins. Let's compare how the coins were distributed for Blackcoin and Faircoin:

1. Blackcoin - coins distributred by the celebrated process of "proof of work" mining. Cannot be cheated, gamed or manipulated. It's pure maths. No central authority handing out the coins to people.

2. Faircoin - coins are premined by the developer (all of them!). They are then given out by the developer to whoever wants them. This can be cheated, gamed and manipulated since it's all done by a central authority (the dev) who has to be trusted. Nothing can be verified. Hell, in this process there is nothing to stop the developer giving himself half the coins!

Faircoin is one of the biggest scams under the sun and ironically is using the name "fair" LOL.