After almost 2 years, where all users of FairCoin, have been accustomed to an exchange rate of 0,05€ (20 Faircoin = 1 €), FairCoop’ assembly has decided to raise that to 0,0667 € (so now 15 Faircoin = 1 €).
This has been a consensus reached through an open, participatory process of discussion. Not the invisible hands of the market, neither the authoritarian control of a central bank. FairCoin has achieved for the first time the milestone of an open assembly process deciding its exchange rate. We are very happy about this achievement, which shows that there is a different way to self-organize the value of a currency.
So, everybody needs to take the new exchange rate into account when making transactions, using FairCoin, from now on. As you may easily understand, this shift will benefit the entire FairCoop ecosystem and reward all of us who support and cooperate towards a fair economic system.
However, most importantly, it greatly enhances our common reserve funds to support subversive and radical projects, as well as to expand the structures of the FairCoop ecosystem itself. Of course, our decision was not based solely on subjective criteria, nor was it rushed since it has been discussed for some time in the context of a more comprehensive strategy we are developing. Continue reading FairCoin is rising! linking integral Coops and Local Currencies
Hello! We’re filmmakers, and we’re called Enfable. We want to make a research film about the New Economy in Catalonia, Spain, exploring cooperatives, local currencies, and community governance.
Last week saw two major internet stories from ‘Robin Hood’ (aka, Enric Duran) and his plans to short circuit Capitalism.
‘Robin’ is a Catalan activist who took out bank loans of 500,000 euros and gave the cash to occupiers, anarchists and Coops. Then he helped found the fast growing CIC (Integral Coop), a group of leaderless assembly-run, coops with their own ‘anti-money’, the ECU, which aims to evade the inbuilt exploitative control of the world money system.
Activists from various fields of alternative economy like Enric Duran (Robin of the Banks), Cooperativa Integral Catalana, Michael Bauwens, P2P Foundation, or Amir Taaki, , bitcoin developer, launched this September 17, after months of networking, a draft global economic system based on cooperation, ethics, solidarity, redistribution north-south, and justice in economic relations.
The Fair Coop is a global cooperative attempt to become independent of the “old economic system” based on central banks and fiat currencies by a new currency reference, faircoin, to promote the global commons and decentralized economies. .
The date, 17S coincides symbolically with six years of the campaign “We can live without capitalism,” and five years since the campaign with more than a hundred data points in the Spanish state to create alternative economy networks by inviting people to abandon their bank accounts. It is also a step in the “Comprehensive Revolution”,which in the words of Duran, “aims to give visibility to a self-organized movement that is working to build other possible worlds from below.” Continue reading #faircoop.. Occupying free economy with Anti-money.. #faircoin