Topic: Why is everyone loving Feathercoin so much? - page 4. (Read 12479 times)

I dont agree with his post about a sudden crash in FTC's future, anything is possible. But I can only speak of my own position as a new miner who spent $2500 on equipment with a credit card. I would love to hold all my coins for a few years and let them gain in value, but I have to pay off my rig. Right now FTC represents a great opportunity to speed up my repayment. I will of course hold some along the way, but financing my purchase through the selling of my mined coins is also a priority. There is a difference between just hopping in and cashing out, and people like me though. I am not looking for a get rich quick scheme or a quick cash before a crash.

I support FTC through mining and sticking up for it in forums and the message box at BTC-e. I test brand new exchanges that offer FTC, and I plan on holding on to a bunch of my FTC to hopefully see it grow into something that can peacefully coexist alongside BTC and LTC. I use some of my FTC proceeds to invest in other coins to diversify my holdings. The way I see it, the more options in crypto the better. Let the entire userbase decide with their hashrates and trades to decide which coins are worthy or not. It will sort itself out one way or the other. There are at least two ways to view FTC's meteoric rise. Either its a flash in the pan, or its going to be around for a long time. Either way, it is exciting to see a new coin come out of the gates swinging like FTC is. It's something I definitely want to be a part of.

So, what's wrong with Mincoin, then?

Multiple chains are important to ensure the long term stability of cryptocoins. Because then there is less chance they could all be shut down. I think Feathercoin should be one of the accepted coins. Obviously I am biased here, since I have some, but I had the same opinion before I had any.

It is necessary to have more than one coin for each method of hashing in order for miners to be able to maximise the profits from chain-hopping.

Ideally there will be enough chains to hop that any time one chain goes up in difficulty some other chain will have lain fallow long enough to finally, possibly after a long long long time of hardly being mined at all, lower its own difficulty. How many chains it will take for there to always be a chain dropping back down in difficlty whenever another chain increases in difficulty I do not know offhand but might be able to be guestimated and can of course, by continuing to make more chains until it is accomplished, be determined empirically.

Thus multiple chains should in the long term maximise miners profits.

-MarkM-

Come on, this has been seen before. FTC is the new Coin of the Month.

Well first of all, the developer(s) of Feathercoin have made relatively conservative decisions about Feathercoin's design deviations from Litecoin. So I think that shows they are intelligent. Also the Feathercoin site is very professional. The name also sounds better than "Mincoin".

I think Feathercoin should be a long term competitor to Litecoin and Bitcoin, and slowly introduce more design improvements. And if it doesn't reach its potential, it is mostly the fault of the miners and investors.

Litecoin is the best fork of Bitcoin. Feathercoin is the best fork of Litecoin... it has long range potential.

If we need another scrypt alt, why didn't Mincoin succeed?

I love FC because I'm making lots off of it. I don't think it's going to survive, I think the price is gonna go up, then crash.

You are like someone who sold Bitcoin when it was $30. Unintelligent behavior.

Im not supporting it, mainly because Imm to late to the game. I think I can make more money on ltc and btc in the longrun then on fc.

If nothing else, FTC offers the benefits of LTC's quick confirmations and ASIC protection at only a fraction of the mining difficulty level of LTC. It also has tons of interested miners since its almost 300% more profitable right now to mine than btc, and twice as profitable than LTC. This is alot to build on in the first week of its public debut. What more do you want out a coin that is a week old? Of course no retailers accept a brand new coin. Name something specific that a new coin should offer if FTC isnt good enough as it is. I find a lot of potential in it personally.

Who is this 'we' I hear so many people talk about? I hear people say Feathercoin is bubble, I would argue that this messageboard is a bubble. Joe Sixpack is not part of any 'we' argument.  Many of you will never visit our forums and see the projects that are being developed. You want it to fail and that's fine. Maybe there's more than the 'I'm the authority of crypto' bubble that forms in communities such as this.

Do what you want, that's the point. Please don't include me in your 'we' statements, I have my own path.  Anyway, if you decide to give Feathercoin a second look and feel like working toward something than against, I'm sure the community would love your input and talent.

This reminds me of the early days of poker. So many experts, it's funny how it went a completely different direction when Joe Sixpay was able to play. Wish you all the best in your respective investments.

Which is what I really question, Why do we need another Litecoin? It offers nothing that Litecoin does not already, and it just has even more people whole are going to dump it as soon as the price shifts. It seems like it really has no reason for it's existence, other than people want it too to satisfy some longing to be an early adopter (aka get rich quick) and that bothers me. I feel that if anything becomes #3 it should at least offer something useful to the community, like PPCoin and it's Proof of Stake method, or Freicoin, and the idea of demurrage, or Terracoin, with a rapid difficulty adjustment system. A plain old fork seems to do nothing but make a few people who have mining power and see the coin on day 1 some money.

The question is whether any of them needs to supersede other or maybe they can both go along just fine.

There will always be people of any coin that will see it as a get rich quick scheme, there will always be users who pump & dump, the general consensus for both LTC & BTC is that have value and all those/these things have been said about those 2 coins I am sure.

The fact is they have value, because more people value it than pump & dump it or see it as a get rich scheme - I'm currently mining and have bought Feathercoin - I have not sold or taken any profit, in fact I've been Playing Blackjack online already and supporting this rapidly/seemingly accepted NEW alt coin.

Seems the Feathercoin is the equivalent of a "pump and dump" scheme where the whole coin if made for it

Not gonna lie, I'm just mining it while it's profitable. I have 0 confidence that a carbon copy of Litecoin will supersede it's parent coin, no matter what hype it's getting this past week.

So get them while they're hot!

Don't be afraid of the tomatos!
*pulls CoinHoarder from the desk*
I bought some FTC on 0.028, it's not 0.05 (LTC), so my investment went from about 0.5BTC to 0.8BTC. I'm not really new and have some BTC, but yes, I did want to be an early adopter to get some quick extra BTC. You're completely correct, and I can deny that I have different intentions, but I do not. I beleive it is a buble going to burst sooner or later, and I'll sell by then.

I have never put anyone on ignore - but you are the first one.

Hypocrite! We're all doing it for the profit. Whom you wanna kid?



Right? I don't care. The market does not care. And the market is always right.

You can whine and complain like a little kid as long as you want - as long as more people are willing to buy Feathercoin than to sell them the price goes up. And vice versa.

It's called a market.