FairCoin – the monetary base system for FairCoop Whitepaper
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FairCoin is the monetary base system for FairCoop - The Earth Cooperative for a Fair Economy (see https://fair.coop). At FairCoop we develop tools and transfer knowledge that enable everybody to participate in a fair global economy. FairCoin plays a central role within the FairCoop ecosystem and is constantly being developed to further our values. Version 1 of the FairCoin wallet software which was used from 2014 until 2016 relied on mining and minting technology to secure the block chain. Our objection is that neither mining nor minting can truly be considered fair, because both confer an advantage on the already rich. Therefore we decided to create a new version of FairCoin which corrects these issues.