Currencies are constructed by humans.
Money has various functions and requires trust and a market.

Let's compare the concepts of FairCoin with Bitcoin and traditional fiat money.

  FairCoin (FAIR) Bitcoin (BTC) Dollar (USD)
Business fair products & services grey & dark business industry & oil driven
Controlled by FairCoin community (democratic processes) Mining pools FED (owned by banks, not controlled democratically)
Transactions validated by Cooperatively Validating Nodes Bitcoin miners book-keepers & auditors
Power consumption less than 200 Watts
(~30 validation nodes)
~70 TWh
 
hundreds of Megawatts
(bank towers & money logistics)
Transaction speed < 3 minutes average 43 minutes, may take hours or even days up to hours or even days
Fee per  transaction ~0,003 € (=0,3 EuroCent to prevent spam transactions) 3-5 € (see chart) SEPA: 0 €, other countries 3-20 € or up to 5%
Risk low acceptance at merchants 51% attack banks crashing
Money Supply  remains constant at 53,193,831.47 FAIR currently 27,000 BTC every month 180 billion USD per month by quantitative easing
Ethical values equality, social justice, circumspection, patience, cooperation speed, risk, competition competition, exploitation, consumerism, eternal growth
Governance democratic oligarchy monopoly

 

Fiat money is a currency established as money by government regulation or decree.

Blockchain-based currencies are like commodities, which create their value from scarcity.

Watch our video, which explains well the difference between fiat and crypto money.

 

FAIRCOIN IS BASED ON PROVEN BLOCKCHAIN TECHNOLOGY. SAFE KEEPING, USE AND MARKET VALUE REMAIN YOUR OWN RISK.
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