Bitcoin Forum

The whole point in investing in cryptocurrencies is to be lucky enough to have invested in one, such as the Bitcoin before it took off, to make a huge chunk of change. Currently I have BTC, LTC, PPC and TRC, what about feathercoin, I am not finding much on this?

none of these other currencies will be able to compete with bitcoin until the market for cryptocurrencies grows significantly. how could they? there just aren't enough geeks in the world :-)

Feathercoin will grow wings and fly.  Fly , baby, fly!

They don't exist to compete.. they compliment.
One big reason I think is behind the success of alternates is that, mentally, we don't want to deal with fractions of coins.  Sure Bitcoin can be broken down to millibits, microbits, etc. but our minds gravitate to playing with variants that are just.. cheaper per whole unit.
As long as Bitcoin is a success and grows, so will the alternate coins.  many will sprout up, many will die off ,until through the collective perception and usefulness of the coin, permanent alternate coins are left standing.

Thanks, good info...  Holliday : thanks for wasting 5 seconds of everyones time who is reading your response..... idiot

I just pointed ~2 MH/s from my LTC rig at one the the FC pools for a bit of fun.  It's nice to get more than a couple of coins per day.
LTC difficulty was about 40 when I ordered the parts before the whole Cyprus issue and I was looking at a nice bunch of coins.  By the time the parts arrived...

For the most part the alt cryptos are a waste of time.  Until bitcoin catches on mainstream what's the point of having the alts?

Fat early adopter profits :D

Because Bitcoin isn't perfect and one of these new coins might be more suitable that takes off.

I am new to Bitcoin but already I have seen quite a few things that are "wrong" with it that will prevent it from ever being widely used imo.  I can't see my mom or dad ever figuring out how to use Bitcoin.

What's "wrong" with bitcoin?  I'm just curious as the newbies always have entertaining responses.  Sad to say but pretty much every argument has been shut down at one point or another, I'm wondering if you have something new.

For me it's the deflationary aspect - if everyone is encouraged to hoard coins because they go up in value then it will never truly be useful as a currency.  If I have the choice of transacting in BTC and $ I can:

• Spend the BTC and watch the $ I don't spend decrease in value (assuming it's cash)
• Spend the $ and watch the BTC I have increase in value (ignoring short term volatility, obviously)

Therefore I can't see it becoming widespread to the same extent as fiat currencies which are generally slightly inflationary and controlled (hopefully) by people who know what they are doing.

I'm open to counter arguments though, just my 0.02

For one the currency has way too much fluctuation.  How can somebody reliable accept a coin today at the $260 price then the next day have it be worth $60.  Then a few days later it's back up to $120.

Other currencies fluctuate but not to that extreme except in rare circumstances like catastrophes.  I noticed from looking at the charts that this latest fluctuation is a fluke and not the norm.  However swings like that don't entrust confidence in a currency.

The ability to cause the currency to fluctuate by attacking a central exchange like Mt. Gox. Means to me that Mt. Gox has become too "powerful/necessary" to the currency.

Having to download a 6GB file on your pc to use the wallet. I assume this file will only get bigger as time goes on since it keeps track of every single transaction.  I know there are "banks" or exchanges that you can have accounts at that will hold that information for you but then they are no more secure then my mom's password of password.

Just some ramblings by somebody who probably rambles more about things he doesn't understand than he should.

The day we hear that some company is paying their employees in bitcoin ... in part, in full, or as any sort of option to being paid in fiat currency ... that will be a very, very big day in the life of Crypto Currencies. Do we know of any companies that pay their employees in silver bullion, or in gold bullion, chew on that ... and then think about how many places online accept gold or silver bullion as payment for goods or services, and then think about what you can buy with bitcoin ... how long will "all of this" take? How long will the adoption of bitcoin in the market places, (not just buying stuff, or selling stuff for bitcoin) ... but the use of bitcoin in the "marketplaces" ... how long will that take, at what rate is it proceeding?

+1

Still waiting to post on the main forums to get that 5FC giveaway

The problem is that most of the altcoins (except for Ripple) are simply clones of the Bitcoin software with few minor changes to the block rules, and a much smaller community and less adoption. So there is no reason that your parents would be able to figure out Feathercoin (for example) but not Bitcoin. A much more realistic solution to that is to build friendlier systems on top of the Bitcoin protocol, as it already has a large backing.

(anology: if you think using the internet is not user-friendly enough what would you think is more effective, build a new internet with just you and a few people on it, or make an application that uses the current internet but better fits your target group idea of user friendlyness?)

Swap your TRC for FC.

I don't see much happening to anything other than bitcoin.

litecoin perhaps, due to it's current placement, and because it's handy to transfer btc to ltc then to btc.

DanJaker is a scammer he will ask you to send first and then ignores any further contact and of course doesnt send you anything in return