Bitcoin Forum

Just curious. I'm targetting the question more to scrypt algorithms, however I added some sha256 ones for kicks.

There is a lot of hype with FeatherCoin, but I was hoping to see more of a design improvement for hopping onto a new coin.
And currently, I'm mining FC, because there is a demand for it.
I want to hold onto my generated coin but I am concerned about it's future.

edit:
added bbq,bte, & 'none' option to poll, forgot about them. since nmc and dvc are merged mining to bitcoin, i didn't add.
also forgot many of the others but they are mostly phased out.

Ones that can't be mine with ASIC , so LTC and FC

Let's not kid ourselves. Feathercoin isn't going to overtake Litecoin, that would make no sense. But imo it should be more valuable than Terracoin or at least around the same price. It's provides an attractive option to Litecoin miners and there are no ASICs to mess with it.

I believe in a lot of the alt currencies. Litecoin in particular. I am also a big proponent of PPCoin and I think long term more people are going to be attracted to it.

I dont want to trash anyone's new coin.
But, I don't fully see how Feathercoin can offer a longer viability than Litecoin.
I'm thinking people are rushing to the idea of the 'early adopter' phase with Feathercoin.
Structurally, it is the same right? (Except 200 coin reward for block found.)


Also, haven't even really talked about Novacoin.
By the structure, I think I would believe in NVC more than FC. I like the idea of scrypt/PoW+PoS.
But surely the 'early adopter' phase has rounded off for that, and the massive premine has likely tainted its image, even if the coins were destroyed.

Also yes, I will vote any alt-currency which is ASIC resistant.

Services make all the difference in the world. The right people behind a specific coin can act like a catalyst behind the value.  I'm deep in quite a few coins, if any increase, I'm loving life. My point is, community and what is developed will push it forward.  I'd be more than happy to see Feathercoin at a 4:1 with Litecoin long term.

Bitcoin, Bytecoin, Terracoin

I agree 100%. The community is definitely pushing right behind Feathercoin and we are seeing a lot of community support. Bytecoin was generating a similar level of buzz until an ASIC killed it stone dead, Feathercoin won't run into that problem so it's going to be a very exciting and intriguing experiment to see how far Feathercoin can go :)

You forget the best one: namecoin.

there i miss the bytecoin

BBQCoin

PPCoin, though there's still plenty of opportunity to overshadow it.

Feathercoin is a joke.

When the next scrypt based coin that actually adds some sick features to it comes out, that'll be huge. Feathercoin is just a distraction until then.

I voted PPC because it's the only one listed that does something new and useful. Everything else on the poll is a blatant copy with no original ideas besides tweaking variables that don't matter (like block time) or switching to a botnet-friendly hash algo for the sake of obsolete mining hardware.

Don't waste your money on "boo hoo I missed the boat" pump-and-dump schemes.

PPCoin excites me a lot. I honestly think the only reason it hasn't risen even further in price is because people are still trying to wrap their heads around the original ideas. It has a lot of unique advantages over Bitcoin and Litecoin, I am compiling an easy understand list of them and am putting them on a simple website... stay tuned.


I used to say the same about Terracoin. Yet it's got to 50-60 cents being an almost complete Bitcoin clone. In fact it almost committed suicide and still it's going strong.

That's when I realised, it's people that give coins their value... Feathercoin is here to stay imo. Especially with so many Litecoin miners backing it.

Feathercoin isnt bad to me IMO. They way i see it is that BTC and LTC have a good backing to them, and Feathercoin just expands the options better for people that dont have LTC due to the LTC hoarders. PPC is the one that just is unique to a lot of other coins there. I would like it being used someday, with BTC just being reserved for high cost, high level transactions such as buying property, while PPC, FC and LTC can replace the actual dollar, with LTC being used for the semi-high transactions such as buying cars, etc. There arent just enough bitcons to go around, especially when some people are like "OMG Bitcoin! I want one! Just ONE!. And theres only 21 mil to go around..):

Someone feel free to correct me if my logic is flawed.

If 'Pee-Pee' coin is great for marketing, we must be talking about different industries. Look, I have PPC, I hope it succeeds. The idea that Feathercoin has no marketing potential makes me (as the kids say) L.o.l.  I like the community that's building, I'm looking forward to continuing my push to move it forward.

I'm not big into 'this is a joke, that's a joke' type discussions. If you have a coin you like, put some enthusiasm toward it!  Here's to multiple crypto currencies succeeding and all of us being part of the solution to the adoption.

Top tier alts
LTC

Middle Tier alts
NVC
NMC
DVC
PPC
TRC

Bottom Feeders
USD
BQC
IXC
RUC
SC

Unknown Tier (So they don't get mad at me ;D)
BTE
MNC
FC

Love it.

Hear, hear!  I have my preferred coins.  I wish no ill will at all towards holders of other coins.  I hope they all go up.

Feathercoin. It has a great potential. What it need now is an easy, userfriendly, exchange site.

it could.. if the developers and community make a strong effort to get it accepted in the real world and give it a use.

lets be honest.. there's very little (that i know of) that LTC actually has done or does, other than exist and get mined the crap out of.

I'm not saying its a bad coin.. its just been stuck on the same version for a longgg time, developers aren't really around.. etc.

We're speaking the same language!! Adoption is key to the coin's success.

This is what I was saying in another thread. Community is the number one importance, then acceptance.  All you have to do is look at some of the other ridiculous coins that are worth more than everything buy LTC and BTC and wonder what the heck is going on(100k's premined???) The coins with the community and backing will win. Honestly that will be BTC(unless something bad happens) and one or two other alt coins. Now it's just a matter of which alt coins truly pick up steam and show they are worth something, will be an interesting time.

Yes. The thing is, if a coin is to be globally accepted, all the "benefits" of one coin over another is going to be overlooked. Why? Because the average person doesn't care about what's under the hood just the fact they're trying to get money from one place to another. So what matters is getting people to use it, not that the coin has differences that set it apart unless it's a significant variance.

The big advantage FC has is that (I'd bet) a heck of a lot of people have them.  For example, I mined for 8 hours on my laptop and have 120 of them.  That's the kind of broader appeal that will get some actual use.  I have very little interest in sending my $$ to Japan so I can buy some bitcoins so that I can buy stuff here.  That's probably going to be just for speculators hoping the value will go up (and apparently being successful!).

It's unfortunate that FC was setup so the people to hop into it the first couple of days could make so many.  I would think a "proper" altcoin launch would include a broadbased announcement, a reasonable difficulty to start with, and some amount of infrastructure (pools, etc) so that it doesn't appear to be just for the benefit of a handful who are premining or in at the first hour with some serious hardware.

It could go both ways. Some people say that an advantage of no announcement beforehand would be so that those would huge server farms don't have a chance to setup their machines before the release. Imagine if we had 400 Mh/s on the first day instead of say 20 Mh/s.

I'm a firm believer in the BibleCoin  ::)


In all semi-seriousness, Devcoin is my preferred altchain since it's a very novel concept. Since it's merge-mined with BTC it's also got some structure to it. After that, anything SHA-256 and anything significantly premined are probably duds.

rofl- all the Feathercoin votes must be people trollin'

I like under-the-radar coins because when you only have one GPU and a bunch of CPU cores you need low difficulty coins.

Particularly nice are the ones you can merged-mine alongside bitcoins (or terracoins, presumably), so that is namecoin, devcoin, groupcoin, i0coin, ixcoin, coiledcoin and geistgeld.

BBQcoin was really nice because months and months and months went by with only CPU miners mining it, so it got into a huge number of people's hands, a lot of them being game players so enough players actually have some to make it useful in games.

-MarkM-

Those that have a different opinion are trollin, good to know.  It's 'cute' how everything is a troll these days. Happy trading. 

Well said. Thanks

Nah, just all the noobs with either under 100 posts, most being around 20-40 posts, or have joined in the last 6 months (some noobs talk a lot).  FC is about to crash and burn.  But my ignore list is filling up nicely.

Edit: Also ignoring them cleans up this subforum to an almost readable level.

It's not the fact that people who have different opinions are trolling. It's the fact the Feathercoin has been out less than a week, there is absolutely nothing to do with it but trade it on sketchy Google document trading services, there are no REAL exchanges for it, nothing to buy, no services... it is as this point completely and utterly worthless except for speculation.

Now... will that change in the future? Maybe.

But, it is a joke that so many people "believe" in Feathercoin at this point in time. There is no evidence that it will live past next month, hardly any evidence of development yet, and it is an exact copy cat of Litecoin that provides no innovation.

All the new people are just obsessed with becoming Millionaires like the early Bitcoin adopters. But, I highly doubt this will pan out the way that they are thinking it will.

Exactly, get rich quick idiots will always lose.  Which is why they go straight to my ignore.

Cheers!

I respect the opinion. Some of us are putting our time and resources behind it, we'll see how things shake out in the future. It funny, we still hear the same thing about Litecoin from the Bitcoin purists. Good luck with the Solidcoin reboot. :)

O man!!!  Fucking trolls …  :D

I WAZ LOOKIN TO VOTES ON DA RUCOINS

Litecoins, followed by PPcoins and Mincoins

I believe it is popular because it fills a niche that people have been waiting for. FeatherCoin can happily sit along side Bitcoin and Litecoin where as a lot of the other Scrypt coins come out as alternatave to Litecoin which I think is a mistake.

Right now I am very busy trying to get various services up to support FC. Afterwards I am returning to development of the coin.

Litecoin and then Microcash even though it's not officially out yet. It's going to offer a lot more innovative changes compared to these other copycat alt-coins.

This. Add it already.

No Freicoin?

There must be about 10 post in here saying the benefits of FC is that you can get a lot of them faster...

What kind of retarded argument is this ?  Count your BTCs in satoshis and if it can make you feel better.

As for not letting time for farms to change their setting... It's actually no harder to change pool or algo, it's sometime easier because the benefits of hopping regularly to the most profitable is greater.

I'd like to see a FC white paper or at least some projections derived from the mathematical model.

Starting a coin isn't a matter of changing two variable in a the bitcoin code. Total_coin and Block_interval is what is the most often changed without much reasoning or research behind it.

I don't know how half of alt coins will fail but they most certainly will.

I can predict some will fail because their value will have to be expressed in scientific notation to be understood.

1 FC = 1.654*10^-12 BTC or 0.000000000001654 BTC aka. 0.0001654 Satoshis

Even if the Bitcoin experiment fail, I dont think LTC will takes it place... It would be all crypto-currency that fail, or, BTC will prevail !   

I can get Testnet Bitcoins faster than any other crypto coin.  Still doesn't benefit me. :)

lol, that's an advantage ???

When the difficulty for bitcoin was as high as FC is now, 10000 was worth a pizza, now I see 26ltc for 1000FC, that's 78$, 10000fc would be 780$. Bitcoin had allready much more accomplished when you could still mine them with a laptop. Still a pizza was 10000btc. You guys pay 780$, and call this a good thing? It's the most unhealthy start you could imagine, it gets pumped like no alt has ever been pumped before.  :-\

I don't want to look like someone who hates it, I even gave it a try to come up with a coinlogo for it and I would accept them if someone wants to pay me with them, but in no way I would buy or hold them. Too many people with feathercoins look to them with their pink sunglasses on and have really unrealistic expectations from it. This poll says enough, how on earth can a babycoin with no real differences than the coin it is forked from have so much votes.

Feathercoin is to Litecoin what Bytecoin is to Bitcoin
Why so many "believe in it"?  :D
(Answer: cause they mined it lots, so they have to "believe" in it now)

The LinearCoin

The poll says enough? No disrespect, please tell me you realize the poll isn't even close to statistically significant, right? The market will ultimately decide it's fate, I wouldn't worry too much about it. Maybe the coin will go nowhere, it won't stop me from focusing my resources as well as some of the other grass roots efforts toward the coin.

Valid points, best wishes on your logo entry. Here's to all of us making good choices and following our passion.

I believe LTC will survive in the long run. It is the 2nd most used coin compared to bitcoin, and ofcourse we can't forget about it's features.

I trust none.
PS:
I think we should not call them alt-coin, but copy coins for all.

namecoin should be on there especially since development is taking off and the whole .bit concept

I didn't add it because it's merged to BTC's blockchain. Being alongside bitcoin, I was sort of directing poll toward alternative crypto currencies. I sort of figured moreso toward scrypt as it can add a slight advantage when ASIC's are flooding the market.

Anyone can buy LTC, and mining a low diff coin provides no more value than an equal amount of mining on a high diff coin; mining profitability of both will balance over time. There are actually fewer options for FC because it's accepted in fewer places but is otherwise identical to LTC. It doesn't solve any problems at all. And since both are deflationary by design, they both encourage "hoarders".

https://en.bitcoin.it/wiki/Myths#21_million_coins_isn.27t_enough.3B_doesn.27t_scale
If Bitcoin ever becomes widely accepted, people will decide they just want "just ONE mBTC". They wouldn't want the nice round number of 1 BTC any more than a nice round $1 million.

There's nothing actually restricting coins to a particular use, so people would avoid exchange fees and technical complexity and gravitate towards fewer (if not only 1-2) currencies.

what coin do i believe in? like what do you mean? are these coins like unicorns and wizards or something, bearded sky gods chucking lighting books from the clouds? for crying out loud they are currency a freaking medium of exchange. i have a good or service i need in exchange for one that you have. we use coin as the intermediary. it like language you can have hundreds of languages to exchange ideas. if two people don't share a language they get translators. coins are the same thing. if i don't have the coins you want i trade mine for those and give you them, then you provide the good or service.

what is so hard to understand about that?

If bitcoin were perfect in all aspects maybe this argument would hold some water, however I highly doubt that's the case.

I think market has already spoken on this matter, just look at the money flowing into altcoins, any blatant copycat coin can get to 10k BTC market cap overnight.

Scalability concerns and the uncertainty of proof-of-work concentration are the top two issues that are eroding bitcoin's dominant position.

Beautiful post hehh heh

10k overnight could mean that value has been created instantly by copy-paste, or it could mean that people are throwing money at anything they think could make them bitcoin millionaires. I wouldn't read much into such a low cap after such a short period. The market for currencies has already spoken several times throughout history, with most cultures tending towards fewer metal backings over time.

If the reason for multiple coins is just theoretical future problems then it makes sense to have some altcoins as insurance, but to use the most popular suitable coin for everything else in the meantime. If anything, people would trade a basket currency of multiple coins, rather than limiting each coin's use to a particular class of goods. We didn't see people using tin coins for stagecoaches because they were worried about gold transmutation or El Dorado.

Except those aren't theoretical future problems, it's happening right now in front of our eyes, at a speed that stresses the developers to keep up.

Back when ppcoin was released (just less than a year ago), any new coin can barely get past $50k market cap for months. Now they get to $1M market cap in days. You can ignore these signals all you want, but I take those 'whispers of the market' seriously and study them, because I have a lot of faith in free market. Even if you don't care about the low end of the market, just look at litecoin's market share, it gained on bitcoin massively since last year. Both facts indicate that market now has much more preference for diversity than last year.

So what happened since last year? 1) debut of ASIC in bitcoin mining; 2) bitcoin blockchain hitting scalability issue. The situation in cryptocurrency is quite different from metals. Different metals have different properties, only gold and silver are most suitable as money. All the clones of bitcoin basically have the same property as bitcoin, so if you have to make analogies to metals, they are more like coins from different mints, of different grade/purity, but of the same metal.

Bitcoin didn't hit the scalability limit (https://en.bitcoin.it/wiki/Scalability), it forked because the arbitrary anti-spam cap of different versions didn't match. That's why altcoins are useful insurance in case bitcoin adoption outpaces technology.

Bytecoin; because it is an exact replica of Bitcoin, which is already proven it can be trusted, and is useful.

I think many people who love Bitcoin also may wish to become involved with or use at least one of the alt-coins either now or in the future. Many alt-coins to date have anywhere from slightly modified to completely changed how the currency operates, where instead the Bytecoin is an exact replica of the tried and tested Bitcoin.  Those alt-coiners who still think Bitcoin is a fantastic cryptocurrency would probably prefer an alt which is an exact replica, yet still due to adoption and utility is a less valuable coin. Bytecoin has a long way to go before it is considered valuable, but we already know that so long as there is a diverse set of miners splitting the network one can trust it to be secure. As long as a slow and steady adoption occurs, the network will become strong enough to be as trusted as Bitcoin is.

tl;dr - If you like BTC, and are interested in alt's, why not one that's exactly the same with a different name?


edit to add:

The only CON I can see with Bytecoin is that the name is so simular to Bitcoin it could cause confusion.. yet it really is an awesome name for an alt-coin IMO

Great post!  +1.0 BTE if you'll send or post an address.

Thanks! I really do believe BTE could become popular some day, just takes people like us to help kick things off..

As far as I am concerned gratuity is never expected, but always welcome and highly appreciated :) I updated my sig with a BTE address, thank you!

What again is the utility in having a second bitcoin? We already have bitcoin, we dont need another one.

Honestly a very good question.. When I first heard about any alt-coins, (I think IOC was the first I was aware of?) I thought the same thing.. Then I suspected as so many do they only served to ease early adopter envy, and give others the chance to try mining on a small network like Bitcoin once was. Then of course I realized that the majority of people were simply trying to use them as pump and dumps to get rich quick.. I will even admit I mined a bunch of IXC with my only intention to exchange them for BTC and turn a profit.

Now, I see it a little differently. We have some good alt-coins around now with seemly good intentions of becoming useful, and not just an overnight fad. The reason I believe we have so many alts and that they will only continue to rise in popularity is that people simply like to have choices. It's part of our nature, we don't like being forced into a single option. Some people just like the fact they get to choose, some people enjoy the research that goes into making that choice. Bottom line, you could say that all currency's are just a product offered to satisfy a need (to perform transactions, store of value, etc..) and since there is a market for this type of product, many different products will show up and compete for your business.

Specifically as to why would there be two identical products in the same market? In this case it does heavily play to the favour of the early adopter seekers, hopefully not so much the pump and dumpers but it could be useful if Bitcoin ever runs into any scalability issues that take significant time to address. It's pretty much a cliché since it's been used so much, but Bytecoin could be the best silver to Bitcoin gold around.. Just as well designed, but lesser value just because it isn't as popular.

Well there are many dif denominations of every currency, one being less rare than the other. I look at Bitcoin like a 100 dollar bill, LTC the 50 and so forth and so forth. I much rather pay 30 of some other coin than pay out a .00568466846564654654686876 of a BTC lol.

Yeah, I agree with your take on PPCoin, I think Proof of Stake is an incredible concept that could end up being very influential in crypto coins.

I just wrote a guide relating to PoS minting -> PPCoin Proof of Stake Minting Setup Guide (https://bitcointalk.org/index.php?topic=187714.0) for PPCoin, a lot of people don't really "get" the upside of PPCoin I think.

Alt-Bitcoins are the perfect way to give the lie to the idea that Bitcoin has an "early adopter" problem.  Bitcoin continues to hold value even though the majority "late adopters" could all flee to these alternatives.  That proves something.  A healthy competitive economy proves lots of things about the industry leader.

I am an altcoin fan, but Bitcoin is still my digital gold.

[NVC]Novacoin

There seems to be alot of hype over feathercoin.  Are there alot of big players behind it or something?

all the posts re feathercoin feel so frenzied

I'm backing LTC and have 1 rig mining FRC as pure speculation