seems strange the price is falling instead of rising.
Well hopefully that means the big miners will pull out sooner, so FTC can address the audience it was intended for.
Topic: [FTC] 12 hours to next difficulty jump (40 to 86!) - page 2. (Read 4351 times)
Well hopefully that means the big miners will pull out sooner, so FTC can address the audience it was intended for.
seems strange the price is falling instead of rising.
If you want a good indicator of when all the miners will leave just wait and watch when dodg jumps off the pool, everyone will follow:
Why would you follow?
If you want a good indicator of when all the miners will leave just wait and watch when dodg jumps off the pool, everyone will follow:
So much negative towards FeatherCoin..
Feathercoin was designed to allow people with smaller rigs to mine something without feeling that they are being screwed by the professional giant mining rig setups. Ultimately that wont work, as the big rigs will just mine FTC until it's not worth it and move elsewhere.
What would be nice is for the FTC mining pools not to allow anyone to dominate more than say 10% of the pools total hash rate. If people are prepared to make giant rigs to dominate, then they can also go to the effort of making their own private mining pool. Of course that would have little effect on the overall net hash rate, but it would give a moral boost to the smaller miners in the pool when they look at their stats.
FEAR the FEATHER..... 
The FTC price is pathetic atm. about 0.0013BTC whilst LTC is 0.03BTC
FTC should be twice that, rising to around 0.25LTC when the difficulty matches LTC.
FTC should be twice that, rising to around 0.25LTC when the difficulty matches LTC.
Give me some of what you're smoking, share the wealth!
So much negative towards FeatherCoin..
You guys started it by spamming your FC agenda in the ALT sub forum whilst trying to cram FC adoption down everyone's throats. Meanwhile, thwarting conversation about more promising projects and other coins due to the flood of constant FC threads... All because you want to be rich early adopters.
It is offensive to people like me that really want the best for the crypto coin ecosystem, and have it be improved upon and fully developed to the best of its capabilities. Copy cats do not help with this goal.
The rest of the forum is also very interesting, the "projects" for example:
How to promote
So much negative towards FeatherCoin..
You guys started it by spamming your FC agenda in the ALT sub forum whilst trying to cram FC adoption down everyone's throats. Meanwhile, thwarting conversation about more promising projects and other coins due to the flood of constant FC threads... All because you want to be rich early adopters.
It is offensive to people like me that really want the best for the crypto coin ecosystem, and have it be improved upon and fully developed to the best of its capabilities. Copy cats do not help with this goal.
I just wanted to point out your "logic" for FC being 1/4 the price of LTC is quite flawed. There are many more factors that determine value other than the rate a coin is minted.
And the fact that you guys actually believe what you are typing and try to defend the reasoning is just beyond my comprehension.
You guys must have invented time machines or something to be so certain.
And the fact that you guys actually believe what you are typing and try to defend the reasoning is just beyond my comprehension.
You guys must have invented time machines or something to be so certain.
Hehe... funny I was thinking about mentioning time machines in my last post.
Look, we all don't know what is going to happen.
It's no secret however that miners are into whatever is profitable, they wish to make money.
At the moment, it's insanely profitable to mine FTC.
Once the difficulty adjusts, it will no longer be insanely profitable (or profitable at all?) to mine FTC.
At that point, the majority of miners who are in it for financial reasons will be faced with two options. Go back to mining a more established chain (i.e. LTC) with less uncertainty about future values and guaranteed profits -or- try and hang on to FTC, possibly at a loss, and hope that the price rises enough to justify it long term.
I'm betting the majority will fall under the first option.
It's no secret however that miners are into whatever is profitable, they wish to make money.
At the moment, it's insanely profitable to mine FTC.
Once the difficulty adjusts, it will no longer be insanely profitable (or profitable at all?) to mine FTC.
At that point, the majority of miners who are in it for financial reasons will be faced with two options. Go back to mining a more established chain (i.e. LTC) with less uncertainty about future values and guaranteed profits -or- try and hang on to FTC, possibly at a loss, and hope that the price rises enough to justify it long term.
I'm betting the majority will fall under the first option.
How many FCs do you own? 200,000+ ??
And why must you spam us with FC threads?
https://bitcointalksearch.org/topic/m.1981369
https://bitcointalksearch.org/topic/m.1962907
https://bitcointalksearch.org/topic/m.1961784
https://bitcointalksearch.org/topic/m.1937200
https://bitcointalksearch.org/topic/m.1937068
https://bitcointalksearch.org/topic/m.1926438
https://bitcointalksearch.org/topic/m.1923688
https://bitcointalksearch.org/topic/m.1922223
https://bitcointalksearch.org/topic/m.1916472
That's 10 FC threads created in 1 week including this one...
Stop with the FC spam... no need to update us on the network speed at each difficulty change. Notice no one else does that with any other coin...
You are trying your best to pump up that FC value, but it is quite obvious what is going on to everyone else. You are not the only FCer doing this either, otherwise it might not be such an annoyance.
So much negative towards FeatherCoin..
I just wanted to point out your "logic" for FC being 1/4 the price of LTC is quite flawed. There are many more factors that determine value other than the rate a coin is minted.
And the fact that you guys actually believe what you are typing and try to defend the reasoning is just beyond my comprehension.
You guys must have invented time machines or something to be so certain.
And the fact that you guys actually believe what you are typing and try to defend the reasoning is just beyond my comprehension.
You guys must have invented time machines or something to be so certain.
wow.. it seems the average IQ of a Feathercoiner is -1
Also, there are no guarantees any of that happens... only speculation (from people who own a lot of FCs.. big surprise there.)
This is exactly why FTC will rise and rise and rise.
Implemented in major markets? = Price Goes up It's not implemented into a major exchange.. cryptonit and BTER are far from "major exchanges".
Get to be used as currency without conversion?= Price Goes up Lol... most of the people mining this stuff are rushing to the exchanges to convert FCs into something more useful.
Difficulty Rise fast? = Price Goes up Just like all other crypto currencies, it is a known fact to most people that have been around the community longer than 2 weeks that price does not follow difficulty.
Eventualy Traded for USD?=Price Goes up" How does trading it into USD make the value go up?
Implemented in major markets? = Price Goes up It's not implemented into a major exchange.. cryptonit and BTER are far from "major exchanges".
Get to be used as currency without conversion?= Price Goes up Lol... most of the people mining this stuff are rushing to the exchanges to convert FCs into something more useful.
Difficulty Rise fast? = Price Goes up Just like all other crypto currencies, it is a known fact to most people that have been around the community longer than 2 weeks that price does not follow difficulty.
Eventualy Traded for USD?=Price Goes up" How does trading it into USD make the value go up?
Also, there are no guarantees any of that happens... only speculation (from people who own a lot of FCs.. big surprise there.)
Never been to College eh?
wow.. it seems the average IQ of a Feathercoiner is -1
Also, there are no guarantees any of that happens... only speculation (from people who own a lot of FCs.. big surprise there.)
This is exactly why FTC will rise and rise and rise.
Implemented in major markets? = Price Goes up It's not implemented into a major exchange.. cryptonit and BTER are far from "major exchanges".
Get to be used as currency without conversion?= Price Goes up Lol... most of the people mining this stuff are rushing to the exchanges to convert FCs into something more useful.
Difficulty Rise fast? = Price Goes up Just like all other crypto currencies, it is a known fact to most people that have been around the community longer than 2 weeks that price does not follow difficulty.
Eventualy Traded for USD?=Price Goes up" How does trading it into USD make the value go up?
Implemented in major markets? = Price Goes up It's not implemented into a major exchange.. cryptonit and BTER are far from "major exchanges".
Get to be used as currency without conversion?= Price Goes up Lol... most of the people mining this stuff are rushing to the exchanges to convert FCs into something more useful.
Difficulty Rise fast? = Price Goes up Just like all other crypto currencies, it is a known fact to most people that have been around the community longer than 2 weeks that price does not follow difficulty.
Eventualy Traded for USD?=Price Goes up" How does trading it into USD make the value go up?
Also, there are no guarantees any of that happens... only speculation (from people who own a lot of FCs.. big surprise there.)
Same thing people said about litecoin when it first came out... the bottom line is we don't know right now...
Flame wars and saying people have an average IQ of -1 really is unproductive. (btw, -1 is impossible, as IQ is an absolute scale relative to the AVERAGE human/adult/whatever)
I'm not saying everyone on the forum should be all lovey-dovey and tip-toe around on egg shells all the time, but if you want cryptocurrencies to grow I recommend not insulting people who are trying to get into cryptocurrencies, as this is really counter-productive to getting more adopters.
Here is the math he is doing:
say we have 2 units of processing power on LTC.
LTC pays out at 50 coins per block.
LTC is worth about $4.00
say we have 2 units of processing power on FTC.
FTC pays out at 200 coins per block.
LTC is worth about $1.00 (because 4x more coins are generated for the same amount of processing power, hence the 1/4 worth of the coin)
say we have 2 units of processing power on LTC.
LTC pays out at 50 coins per block.
LTC is worth about $4.00
say we have 2 units of processing power on FTC.
FTC pays out at 200 coins per block.
LTC is worth about $1.00 (because 4x more coins are generated for the same amount of processing power, hence the 1/4 worth of the coin)
Except that doesn't take into account the complete lack of Feathercoin accepting services and stores, the fact FC only has 2 exchanges, the Litecoin community dwarfs the FC community by a large amount, and there are a ton more projects being developed for LTC than FC.
This is exactly why FTC will rise and rise and rise.
Implemented in major markets? = Price Goes up
ATM you can trade FTC for CNY which is probably a better currency for stability.
Get to be used as currency without conversion?= Price Goes up
Difficulty Rise fast? = Price Goes up
Eventualy Traded for USD?=Price Goes up
easy no?
wow.. it seems the average IQ of a Feathercoiner is -1
Also, there are no guarantees any of that happens... only speculation (from people who own a lot of FCs.. big surprise there.)
This is exactly why FTC will rise and rise and rise.
Implemented in major markets? = Price Goes up It's not implemented into a major exchange.. cryptonit and BTER are far from "major exchanges".
Get to be used as currency without conversion?= Price Goes up Lol... most of the people mining this stuff are rushing to the exchanges to convert FCs into something more useful.
Difficulty Rise fast? = Price Goes up Just like all other crypto currencies, it is a known fact to most people that have been around the community longer than 2 weeks that price does not follow difficulty.
Eventualy Traded for USD?=Price Goes up" How does trading it into USD make the value go up?
Implemented in major markets? = Price Goes up It's not implemented into a major exchange.. cryptonit and BTER are far from "major exchanges".
Get to be used as currency without conversion?= Price Goes up Lol... most of the people mining this stuff are rushing to the exchanges to convert FCs into something more useful.
Difficulty Rise fast? = Price Goes up Just like all other crypto currencies, it is a known fact to most people that have been around the community longer than 2 weeks that price does not follow difficulty.
Eventualy Traded for USD?=Price Goes up" How does trading it into USD make the value go up?
Also, there are no guarantees any of that happens... only speculation (from people who own a lot of FCs.. big surprise there.)
The FTC price is pathetic atm. about 0.0013BTC whilst LTC is 0.03BTC
FTC should be twice that, rising to around 0.25LTC when the difficulty matches LTC.
Not that I wouldn't enjoy that, but what makes you come to that conclusion, other than, "I said so" or "I heard it from others"?
So my thep33t coin, which happens to give 1337 per block, and same block rate as FTC should be worth, roughly, 1.337 LTC?
Here is the math he is doing:
say we have 2 units of processing power on LTC.
LTC pays out at 50 coins per block.
LTC is worth about $4.00
say we have 2 units of processing power on FTC.
FTC pays out at 200 coins per block.
LTC is worth about $1.00 (because 4x more coins are generated for the same amount of processing power, hence the 1/4 worth of the coin)
say we have 2 units of processing power on LTC.
LTC pays out at 50 coins per block.
LTC is worth about $4.00
say we have 2 units of processing power on FTC.
FTC pays out at 200 coins per block.
LTC is worth about $1.00 (because 4x more coins are generated for the same amount of processing power, hence the 1/4 worth of the coin)
Except that doesn't take into account the complete lack of Feathercoin accepting services and stores, the fact FC only has 2 exchanges, the Litecoin community dwarfs the FC community by a large amount, and there are a ton more projects being developed for LTC than FC.
This is exactly why FTC will rise and rise and rise.
Implemented in major markets? = Price Goes up
Get to be used as currency without conversion?= Price Goes up
Difficulty Rise fast? = Price Goes up
Eventualy Traded for USD?=Price Goes up
easy no?
seeing as this is all theoretical... assuming that each coin had the exact same amount of processing power, utilities, markets, etc... the above would be true. 
Here is the math he is doing:
say we have 2 units of processing power on LTC.
LTC pays out at 50 coins per block.
LTC is worth about $4.00
say we have 2 units of processing power on FTC.
FTC pays out at 200 coins per block.
LTC is worth about $1.00 (because 4x more coins are generated for the same amount of processing power, hence the 1/4 worth of the coin)
say we have 2 units of processing power on LTC.
LTC pays out at 50 coins per block.
LTC is worth about $4.00
say we have 2 units of processing power on FTC.
FTC pays out at 200 coins per block.
LTC is worth about $1.00 (because 4x more coins are generated for the same amount of processing power, hence the 1/4 worth of the coin)
Except that doesn't take into account the complete lack of Feathercoin accepting services and stores, the fact FC only has 2 exchanges, the Litecoin community dwarfs the FC community by a large amount, and there are a ton more projects being developed for LTC than FC.
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