Bitcoin Forum

I was just looking around to buy some and realised its almost valued at $0.025, who on earth valued this price? I dont care for answers like 'it should be a 1/4 of ltc'. Things dont work like that. LTC should be worth a 1/4 of BTC but its not. It seems a lot of you have got stuck in adopting alt currencies as soon as they come out to make a quick buck. I think anyone paying over 10ltc for 1000 fc is basically stupid

Price in free markets work by supply and demand. Economics 101.

No-one is forcing anyone to buy and sell these Feathercoins at a certain price.

It is valued by the market. Which is fickle.

supply and demand.  who on earth valued BTC at 124 each?  :P  don't complain about it, instead capture the arbitrage.   :-*

The current prices people are paying for FC are interesting if you understand the current network difficulty of LTC vs. FC and compare the utility of the two, as well as taking into consideration how many more FC will be in circulation in the coming months given that utility.

LTC is ~ 0.02 of 1.00 BTC on major exchanges - AND I can do a whole lot more with LTC than I can with FC.

uh I think I read there is already 4 million coins made since launch 6 days ago, there is supply, with zero demand.

There were a few people buying 100,000+ feather coins each over the last few days so the sellers gradually raised their prices, till it reached about 40 LTC per 1k FC.

100% the name. People like Feathers

The founders blatently premined loads, or had hardware to push it. Litecoin started at the very bottom even with exchanges. This currency just seems to want to follow where other coins trod... stupid noob buyers. Got nothing against the miners... but the buyers paying over 10ltc for 1000 fc are thick, and people trying to push it are too.

FACT IS YOU WOULDNT NEED TO PUSH IT SO DESPERATELY IF IT SERVED A PURPOSE.... WHICH IT DOES NOT!

Just because 1-2 people bought a shit ton of FC doesn't mean that's what they're worth. If I had $1m and wanted to buy 1M FC that doesn't mean they're now worth $1 each.

There is enormous amount of miners contributing to the network and everytime you refresh the page on this forum you see feathercoin topics at the top... huge buzz now which has lasted for days.


There were 2 million PPCoins made on it's first day. PPCoin is now worth 25 cents.

But it does mean people will be slow to go down from that $1.

How old is ppcoin?
my point exactly.

You wanted to buy some when you thought they were dirt cheap (https://bitcointalk.org/index.php?topic=185265.0). Now you find out they are too expensive for you, you are crying they are worthless, throwing temper tantrum and use insulting language etc.

Btw people said the same thing about Terracoin which is basically a direct Bitcoin clone which almost died and it's still worth 60 cents. Feathercoin is here to stay.

I'm sure if you post an offer on here to buy 1M FC for $1 each, the price will rise above a dollar. They're only worth as much as people are willing to pay for them, and some people, are willing to pay 40 LTC for 1K FC.

I'm not quite sure caps serve any additional purpose, but I'll bite.  Let the market decide on the price, simple.

Listen you tit, if I could believe for one second your argument was structured and that you had no vested interest then I would listen, but fact is you sound like you have feather coin shoved so hard up your arse you can barely breathe without spitting them out. I did want to buy some, but id pay something like 10 ltc per 1000. Purely to gamble, not because I see a future in it.

As for your stupid TRC and PPC argument. What the fuck can you do with those coins apart from speculate? People are trying too hard to create another BTC that they fail to see all new alt currencies are purely speculative pump n dump machines. Dont tell me trc and ppc are worth x amount cause fact is they are pumped and dumped more times than a polish hooker.

It is just a LTC copy with shiny marketing and a hardware push.  I will probably get flamed for telling the truth but a group here colluded - there is zero reason for it to exist on a serious exchange when we already have LTC, and LTC is divisible to whatever amount becomes needed.

LTC has genuine improvements/differences vs. BTC.

FC has shiny marketing and is spamming the forum to the point it is becoming USELESS for serious discussion.

It is a gambit to make money off of those who think they can be like the BTC millionaires.

The price would not rise above a dollar.

"I think there is a world market for maybe five computers"
- Thomas J. Watson, CEO of IBM in 1943

I don't think it's necessary for you to express yourself like that. We are adults here, why the childish insults and bad language?

Bitcoin, Litecoin didn't start off day 1 with services and goods you could use them for. I am not going to continue trying to discuss this with you as I can predict further angry replies and insults, others can read my posts and decide for themselves  :)

You're right. The sellers will just sell them to you for $0.01 even though you're offering a dollar ;)

+1 :)

Thank god we have other people who see the truth. Correctly stated facts. LTC has true benefits, it was created to act on low end payments. In that principle what are people going to pay for with FC? Their penny sweets?

They would sell them to me and then no one else would ever pay that much again. The only fool would be me. Seeing as it would only take like 4 trades it would never impact the market. ever.

it does if you are willing to pay $1 each for 1 million of them.

Then why is the Feather Coin price still high ???

Probably because there is only 5 people trying to buy them, and 4 people trying to sell them for what ever they want to make a quick buck...?

uh no, if a standard gold bar is worth $10,000 in weight, and I paid $150,000,000 for it, it doesn't mean its worth anymore than $10,000. It means I'm  a fool.

Lets get the trade spam threads into the correct forum please at least.

This place has become a mess.

You know what they say about not working your way to the top...

Why is this piece of canvas "worth" over 70 million dollars?

http://upload.wikimedia.org/wikipedia/commons/thumb/e/ea/Van_Gogh_-_Starry_Night_-_Google_Art_Project.jpg/606px-Van_Gogh_-_Starry_Night_-_Google_Art_Project.jpg

Hold up, are you seriously trying to compare a piece of art to feather coin.... you're stupider than I thought

Its not because its 120 years old, its more because there are only 4 people trying to sell it of course..

First it is 30ltc for 1000fc.
Moreover fc came out when people discover mining and Ltc or btc is not affordable price for a newcomer. So I guess fc will stay.
You say it is copy of Ltc but apple and Ms windows where copy of bull stuff is my memory is right.

Fair enough. Let's give some other members the opportunity to post their thoughts on Feather Coin.

This should be interesting :)

Define "art" please.

This one is also 60 million USD:
http://upload.wikimedia.org/wikipedia/commons/thumb/1/13/Suprematist_Composition_-_Kazimir_Malevich.jpg/384px-Suprematist_Composition_-_Kazimir_Malevich.jpg


And this one is 140 million USD:
http://p4.focus.de/img/gen/f/x/HBfxWDCJ_Pxgen_r_500x333.jpg


You seem to not understand the concept of free markets.

The only reason its valued at any price like 30ltc-40ltc is because there isn't anyone selling them.

If you have 90 people selling them and 5 people buying them, they're not worth nearly what they are now.

The fact that theres already 4.3 million in circulation and its already over valued means one day, and this will be soon, it will get dumped. I can be pretty sure that this wont make it onto a BIG exchange either.... good luck alt currency noobs

Also can you stop posting art in order to explain free markets. I think you were better posting something else like dutch tulips to explain... and we all know what happened there

Why are The Koolio and farlack so angry?

It's a free market. No one forces them to buy, no one forces them to sell.

If you have 90 people selling BTC and 5 people buying BTC, how much is BTC worth?

Ill explain why. Im actually getting fed up of tom dick and harry making new alt currencies just to make a quick buck. It makes crypto in general look bad. We need to focus on BTC and LTC. Fact is if noobs cant afford to get into these then they shudnt be wasting their time. By investing time and effort in fc all they are doing is gambling, and someone who has way more coins is going to be the one who prospers

And this is the motivation behind JokeCoin...if we're going to flood the world with copies of *coin, they might as well be mildly amusing copies.



On Feathercoin: I wouldn't be surprised if we saw an alarming drop in its price within the next month. Right now, it is the cryptocurrency-of-the-month, but there will be another one to take its place after the dump.

(Also: Dibs on the "Flavor-of-the-monthCoin" name)

While I generally agree with you, LTC has been out for what seems forever and it's pretty much stagnant. Nothing has been happening and people are wanting to see some progress.  FC is showing people that community matters(not that I'm saying FC has a larger community or anything).  Honestly LTC has no do something to push itself more mainstream since at the moment it's been at about the same levels as last year. If LTC doesn't push itself harder then the community will find something else to push and FC could be that.  Free markets are great because they stimulate competition and that is how things get done.

Haters gonna hate....

You mean like the ones on the Bitcoin Rich List? http://bitcoinreport.appspot.com/  ;)

Oh my.

Im sorry but ltc has not been around forever, just over a year. Its got to $2.70 in a timescale much quicker than BTC did. Also fact is a new coin shouldnt be created just because other coins are getting old. The user base of LTC is much stronger than any other alt coin.

another alt coin can succeed, if and only if it has benefits over previous coins... Feather Coin does not do this!

Ill buy 10k Flavor-of-the-monthCoin for 910239 LTC... its worth that much cause I said so lol!

So what's the benefit of the Argentine Peso over the Brazilian real?

[EDIT] You sound like God  ;) ... maybe go have a read at your own motto ("Minds are like parachutes they work best when open")

So is Koolio going to remove his order for 5k FC @ 20LTC/1k from the Feathercoin Orderbook? https://docs.google.com/spreadsheet/ccc?key=0Av3jjlvLSeOSdG5XYVhPLWE1RjBiUTFpYnZOMXlhNnc#gid=0

I am sorry I looked in this thread at all.  All the best.

Something needs to be done about the complete forum hijack for FC marketing purposes imho.  It has become unusable and impossible to sort through the spam to get to serious topics.

Troll/10. Either that, or you have a very interesting definition of the word "stagnant" (http://www.ltc-charts.com/period-charts.php?period=6-months&resolution=day&pair=ltc-usd&market=btc-e). And missed the Atlantis announcement.





And Koolio: I'm afraid I can't part with that many FotMCoin for less than 13370069 BTC  ;D

Maybe he is trying to crash the FC price so he can buy them up for cheap :P

This is the alternative cryptocurrencies forum.  Plus if we are at this point, why are we allowing Ripple to dominate 1/3 or so of the posts along with half of the other crypto's that are known scams with hundreds of thousands in pre-mines?

Exactly. This forum represents the readers and contributors. If that means a lot of Feathercoin hype at present so be it. People who are so against Feathercoin saying it has no future, well if that is the case given time Feathercoin topics will trickle to zero quickly  ;) I think Feathercoin is here to stay though, and checking the estimated difficulty just now it's gone up even further...

Maybe but I am a noob that sold some FC and have now ltc that I could not have otherwise...

Man on earth can no more get rid of these demonic "heavens" than man can by airplane or rockets or other means get up above the air envelope which is about our earthly globe and in which man breathes.
Watchtower Bible and Tract Society, The Truth Shall Make You Free (1943), p. 285

A rocket will never be able to leave the Earth's atmosphere.
The New York Times, January 13, 1920. The Times offered a retraction on July 17, 1969, as Apollo 11 was on its way to the moon.

To place a man in a multi-stage rocket and project him into the controlling gravitational field of the moon where the passengers can make scientific observations, perhaps land alive, and then return to earth—all that constitutes a wild dream worthy of Jules Verne. I am bold enough to say that such a man-made voyage will never occur regardless of all future advances.
Lee De Forest, American radio pioneer and inventor of the vacuum tube, in 1957 De Forest Says Space Travel Is Impossible, Lewiston Morning Tribune via Associated Press, February 25, 1957

Television? The word is half Latin and half Greek. No good can come of it.
C. P. Scott, BBC History of television

What can be more palpably absurd than the prospect held out of locomotives traveling twice as fast as stagecoaches?
The Quarterly Review, March, 1825.

That the automobile has practically reached the limit of its development is suggested by the fact that during the past year no improvements of a radical nature have been introduced.
Scientific American, January 2, 1909.

Where a calculator like the ENIAC today is equipped with 18,000 vacuum tubes and weighs 30 tons, computers in the future may have only 1,000 vacuum tubes and perhaps weigh only 1½ tons.
Andrew Hamilton, "Brains that Click", Popular Mechanics 91 (3), March 1949, (pp. 162 et seq.) at p. 258. Notwithstanding that events have proceeded greatly since the prediction was fulfilled, this was a correct prediction in the short-term.

There's no chance that the iPhone is going to get any significant market share.
Steve Ballmer, USA Today, April 30, 2007.

There is no reason for any individual to have a computer in his home.
Ken Olson, president, chairman and founder of Digital Equipment Corporation (DEC), in a talk given to a 1977 World Future Society meeting in Boston. This is widely quoted but Olsen claims it is taken out of context, that he was not referring to personal computers but to a household computer that would control the home.
Reference: "Ken Olsen", Snopes, includes bibliography.

http://en.wikiquote.org/wiki/Incorrect_predictions

The clutter is being created by posts that belong in the Currency Exchange forum.

Perhaps people could act like adults and move their currency exchange threads here ---> https://bitcointalk.org/index.php?board=53.0

And stop using them to try to create hype for the extremely illiquid Feathercoin price.

I own some FCs too - but would like to see discussion return to FPGAs, mining optimizations, new services, CUDA development, new currency development etc.

The mods move some of those exchange threads here if they don't involve BTC I think.

My understanding of that forum was that it was only for trades that involved BTC.  Many of these trades are for FC and LTC so it wouldn't be appropriate there since they are both alternative crypto's?  Am I incorrect?

Oops...    ;)

The difference is there is tens of thousands of people trying to get on mtgox daily to trade bitcoin.

There is like 5 people selling FC, and over priced.

Because my damn air conditioner isn't working.

+1  ;D

Hahaha oh wow. How unexpected.

Fake quote, with zero proof it was ever stated, until in someones signature online, in the 1980s.

LOL! OP says that anyone bidding more than 10LTCs is a fool and is at the exact moment bidding 20LTCs?? LOOOOOOOOOOOOOOL!

It's like that saying: Do as I say, not as I do :P

It's a conspiracy!  :D

LOL

FC will bubble only due to the fact that currently only a few people own most of them. They will also bubble because right now they're new, everyone wants to jump in to make a million bucks by next month. Next month they wont be new, they will be to expensive to give a shit. Then there are no new guys to buy the previous new guys stock, now hes holding and holding and wants out because the price didn't go up. He dumps.

Price crash, and goes back to nothing, where it should be so it can naturally grow, not because people want in early. Everyone wants to be the guy who had 10,000 btc to spare to buy a pizza. In reality, these wont ever hit bitcoin prices, and you wont ever be the next 10,000 pizza guy.

The only reason I want to buy any FC's are so someone else can buy mine thinking they're joining the band wagon, after I double my money.

That's not really an investment, more like a ponzi.

Value, how much would you give to have something. Bitcoin isn't backed by anything either. What is Gold backed by? Nothing, and Gold is everywhere... It just is what it is, it's how we make money these days....  :)

this forum has proven that there is a very high percentage of rubes, suckers, and fools here.
is it really so unexpected for others to take advantage of them when they line up to be fleeced of their money?
feathercoin was designed from day one to do just this. hyped and promoted. certain users worked together to
make it happen. just study who posts what and it becomes obvious.

Will be interesting to see when it deflates some and the result that will have, if any, other than a lot of crying.

It's probably cause the price jumped to 30 LTC and OP was scared that he missed the boat.

LOL  :)

Boitcoin value isn't only there because people want to make a profit off of others loss. People actually accept tens of millions of dollars worth of bitcoin monthly as payments, making customers first purchase them creating a legit price rise.

In my limited time on the forum, I learned 1 universal truth. Most people rather whine about a coin rather than adding useful services to add overall value to their particular coin of choice. Here's the part where I smile and wish all of you the best.   

It's pretty simple - the market priced it that high. The current price is what people are willing to buy and sell it for, and is far, far away from 1/4 LTC. It will probably see 20 FC to 1 LTC fairly soon - but I agree it probably will not reach 1/4 LTC too soon (perhaps in a few months).

+1000
Seems like a lot of the "senior members" around here would rather just whine about new coins than do anything about it. OK so if FC is going to collapse let it. ALL press is GOOD press is the #1 rule in marketing... you're just giving it more press.

They are not whining. They are stating their opinion that a new coin popping up every few weeks with no significant change from the orig code base is more then likely created not due to the authors intelligent innovation but due to wanting to make a fast buck. For craps sake the author did not even bother change all litecoin references from the source before release! Tray icon for example was still litecoin. If a person cannot see the obvious or refuses to see the obvious there is not much anyone can do about it except post their opinion. Or whine if that is what you call it.

The tray icon in taskbar is NOT a litecoin right now. Unless I have some sort of newer qt which idk if I have or not.

It is a work in progress and in beta like all crypto's. There is an FC icon in the client (I am pretty sure this was changed within hours of release). I think it is a testament to LTC to have an LTC fork see such widespread adoption so quickly (it is a compliment to LTC, not in competition with it). Bitcoin is exciting, and so are alt coins inspired by BTC. All crypto is the future and is paving the way for something different!

hmmm i'm still on the version with litecoin tray.  Should i be updating my client?

They quickly changed the source when they realized the mistake. That is what happens when you put 15 minutes of thought into your
new alt coin and rush to change the source so you can release it with minimal work. How one can miss that before release just boggles
my mind. Or they spent a few hours, got their pals on board ready to mine on release, and see how it all plays out.

See here for another user stating this fact: https://bitcointalk.org/index.php?topic=178286.msg1858547#msg1858547

If this gets people excited to easily maybe I should create satancoin some evening and release it. sycrpt based, with 666 coins per block.

Well said, its just that some alt coins are just not well received due to bad things/media associated with it. That is why i dont touch some coins (:

heh. nah. all the changes were probably just cosmetic so the author does not look like a retard.
no skills to make real updates. waiting for litecoin devs to do that.

Don't worry

In a few weeks feathercoin will be joined by another dozen or so alt-coins. Then people will move to the next easy coin to mine and dump.

OK, even if they are stating their opinion it still stands that it is just giving it more press. I agree that alt-coins should bring something new to the table. I think the main reason FC became so popular was the timing. It came out just as the huge influx of miners hopped on after the bitcoin bubble. I think those people will be eager to hop on another, better altcoin when it comes out. My money is on MC2 :)

What valued feathercoin so high?

The market.   

Supply & demand.

because of this thread i consider dropping my price.. check it here.

https://bitcointalk.org/index.php?topic=184835.0

Lets bribe http://cryptocur.com/ so it add FeatherCoin and write something glamorous about it.

Litecoin : SAME AS BITCOIN apart from : Uses a memory hard hashing algorithm called scrypt. AND 2.5 minute block rate.

PPCoin : Somewhat different than bitcoin : Unlike Bitcoin ppcoin does not require the use of energy to sustain the  network. Proof-of-work currently remains the most practical way of providing initial minting of a cryptocurrency so it was decided to keep it as part of the hybrid design. (Some complicated shit)

Terracoin : SAME AS BITCOIN apart from ??? ; maximum of 42 million coins offering 20 coins per block and Block generation every 2 minutes instead of 10 minutes.

Novacoin : SAME AS LITECOIN apart from ??? ; There have been claims that over 200.000 coins were premined by the developer. The developer has claimed that only 60.000 coins have been premined but apparently BTC-e admitted that they got 100.000 coins to accept this currency on their exchange.

Feather coin : SAME AS LITECOIN apart from ??? ;  block reward of 200, total of 336 million coins, Feather coins were not premined much BUT THEY WERE !

Feel free to fill the blanks with altcoin I've never heard about. (namecoin is not worth explaining)

100% the name. People like Feathers
[/quote]

agree with jason, I can't go past a good name, and "feather" is great it's like a silver eagle but lighter.  :)

just curious where are people trading their feathercoins at?

What makes you say they were pre-mined?

Hi Koolio, I am the developer. The take up of Feathercoin has surprised me, I put out a scrypt coin that I had been waiting for and it seems to have hit the spot. So many of the others missed the mark unfortunately. There is no premine of this coin, I did tell my other half but she does not really get it, and that's after years of talking about cryptocurrencies. The first anyone else knew of this coin was on the forum and within minutes hash power was being sent to this coin dwarfed my own. I have enough to keep an invested interest which is good for the coin. Coblee has not been seen much after he paid his share out to people after the pirate pass-through. The number of coins I have does not compare to others. I recently tried to buy 100k of Feathercoin for 10BTC but did not get one offer. The offer still stands (https://bitcointalk.org/index.php?topic=183024.0).

As to who sets the price, the community does. That has always been the way with cryptocoins. We really need an exchange so that we can find a fair price for this coin.

A lot of the services that has come together already for this coin is due to the bounties that have been put up by several people. You can find the bounties thread below. I really like the community aspect that has come up around this coin, there is a lot of well skilled people working on this who do not hold a vast share of coins either but are still keen to get involved.

https://bitcointalk.org/index.php?topic=181443.0

You were really waiting for an almost exact copy of litecoin?  :D

...or you thought, if I take litecoin, change a little bit the numbers and get enough suckers behind it, we gonna be rich  :P

Well if you dont know about my hold of litecoin then god knows where you've been the last year. Fact is Im all for Litecoin atm, and was initially interested in buying a few FC just to gamble with. The amount I was going to buy was seriously small, around 100ltc worth, which is why Ive changed my thinking now.

I agree with other posts about how this coin was developed to be a pump n dump machine. The developer, all I can say to you is kudos on doing something with your skills, but seriously you've created something that serves ABSOLUTELY NO PURPOSE. Litecoin at the very least was meant to handle small payments, so taking this into account answer me one thing:

WHAT IS THE PURPOSE OF FEATHER COIN, AND DOES IT SERVE ANY PURPOSE ASIDE FROM BEING PURELY A SPECULATIVE PUMP N DUMP MACHINE?

I believe it fills the gap underneath Litecoin, this does not compete directly with Litecoin. I see the gap there but others do not. There are lots of alts but they are mostly SHA-256 for some reason. I have generally supported altcoins, especially Litecoin, even when others have not.

I'd like to know the purpose as well; six pages into this thread & there still isn't a decent reason given for the actual point of FC.

My guess:  perhaps the intent is panic and seeking shelter from ASIC mayhem.
Since scrypt is the only safe haven from that area -- there seems to be an awful lot of interest in creating scrypt based coins.

It really is simple. It is more abundant than Litecoin. If this does not interest you then ignore it for now.

Litecoin is more abundant than Bitcoin and it has served it well. There are already scrypt alternatives, mincoin, which only has 10 million coins so is positioned against Litecoin. Then there is Novacoin which will have plenty of coins but has a very small block reward so again positions against Litecoin for now and it had a controversial beginning. Then there is RUCoin which I will ignore and BBQCoin which was always a just-for-fun project.

Looking around at the alternatives I felt positive about Feathercoins future even before I launched the coin.

The one thing I did not want to do with this coin is try to replace LiteCoin as so many others have done before. I think LiteCoin holds its place well out there and shows that there is room for more than one coin.

BTW =-= I wasn't bashing FC... I love all Alts!

I like owning anything that is considered 'a piece of history' in terms of how value is stored.
Oh yeah, they have a word for people like me .... collectors!   :D

It seems that feather coin grew some wings and the price flew up ;D

25LTC +/-

ROFL. you want to buy 1000FC for 25,000LTC then?

Misread ;)
1000FC is slightly different than 1 FC

You get the jist though.

Couldn't help but grin when I saw you on the Google Docs exchange just now, buying at 20 LTC / 1000 FC

https://i.imgur.com/uhWJmku.png

I had not seen this one before, just shot milk out my nose :)

tip from a noob

stop calling it FC
if it ever has a ticker then it will be FTC
also looks more credible and memorable next to BTC and LTC

also saves the constant confusion with that freicoin one

if this is a genius tip feel free to send me 5000 FTC  ;D

.025 USD for one feathercoin?  So that giveaway thread for them is basically giving out 12.5 cents worth??

Actually has been trading at about $.08 each lately.

Because there are many crazy buyers like me. :)  
AS the  FC is rare now,I can sell a higher price in other platform.But it won't last long.

Ok I can see buying a bunch and hoping for some appreciation. If it goes from 5 cents to 10 cents, of course you double your money.   

Why is everyone being so hard on FTC and the developer of it? The only reason I can possibly see for this thread is someone's trolling...trying to bring the asking price down so they can buy a bunch. There's no other possible reason for starting this thread!

So someone made a new crypto...so he released and promoted it at just the right time...so a few people are making a buck or 2 off of it...Who the Hell cares? More power to you all I say!

I don't see why anyone needs to justify their reasoning for starting their own coin to anyone else. There's nothing unethical about it, there's nothing evil in it and there's absolutely nothing wrong with making a profit off of your product...no matter what the product is or what purpose it serves!

A few of you made the claim that FTC was created for no other reason but for the developer to make some money...Sounds like the same purpose for creating this troll thread!

Personally I say, more power to both of you (FTC dev and OP)...I have no problem with anyone doing whatever it takes to put extra cash in their pockets.

BTW...I solo-mined only 2 blocks of FTC for a whopping 400 coins, but it's been serving a much greater purpose for me than providing 400 coins. I'm very much grateful for it and want to thank the developer for creating it! Keep up the good work!!  ;)

Woohoo! Well said!

Stop believing what you think is right.  You are not important.

Good point!
I also have this theory about the human mind not liking fractions of things.  When a crypto coin gets to the point where common trades/purchases involve 0.03 or 0.211 , the option to trade more of a less valuable coin becomes attractive.  That's why I think there will a few alt currencies that will last and grow.  Ideally both BTC and LTC will end up with their respective counterpart alt currencies.  For LTC, it very well may end up being Feathercoin.

The one thing I like about FTC is it keeps the 4X ratio going; there's 4x as many FTC as LTC, which in turn has 4X as many BTC will be. 

It's copper to LTC's silver to BTC's gold.

I just wish there was *something*, anything at all, that differentiated it from LTC besides number of coins.

And yes, it's clearly a pump-n-dump, but honestly all of the alts are at some point.  We'll see if there's any actual market forming around FTC in a few months.

What is special about feathercoin?

It's actually worth 30 cent and it should be worth 30 cent. It's significantly different.
Feathercoin is just Litecoin lite.

The four times increase in coins is what appealed so greatly to my mind. I have always thought that Litecoin got a few things right, the increase in the number of coins, using scrypt cryptography and that blocks got solved four times faster than Bitcoin at 2.5 minutes a block. I'm always perplexed when people launch altcoins and do not use Litecoin's 2.5 minute block count.

To me it seemed that there might be a natural progression here along. Perhaps we have already trained out brains to work with the difference between Bitcoin and Litecoin and this would extend further along to FeatherCoin. As MarKusRomanus talked about in this thread, trading and mining in values less than one stops being fun. I do not think a lot of us would be here if we did not enjoy working with crypto currencies.

About other features. I believe it is enough right now to start with a denomination change. If there are any features that becomes a must have in any other Bitcoin based coin, it could be incorporated into FeatherCoin. A lot of the features seen in other coins are still experimental and I wanted FeatherCoin to have the solid foundation of Litecoin.

Bitcoin, Litecoin and any other coin can evolve along with others if they choose to. Bitcoin is often debating its future and I believe that there is a new Litecoin release in the mix with some interesting new features, though I do not know what. If you see a really good idea you should not ignore it.

However I should state that new features would only be introduced with the agreement of the community.

Bush

If it's ok by you that I do whatever it takes to put some extra cash in my pockets, could you pm me your address and when it is most likely nobody is home?
And to buy some of your stuff back I have a sweat business deal for you, you pay me 100btc and I'll give you 1000 back, you only need to find 10 other people who do the same.  8)

Go to preferences - display and set "Unit to display:" in µ
Your instant rich.  ;D

Really guys, your not even trying to come up with good arguments, things like:
- It's more fun to see big numbers
- It has four time more coins than Litecoin, that should make us the copper to btc, right?
- It's easier to mine
- As long as I make some money who cares
- There is a gap under Litecoin, maybe you don't see it, but I see it
- ...

Are all not arguments for a sane person to adopt this currency, I hope there still comes someone with a better argument, else you better start thinking of making a comedy show, you only need to put in all the arguments why Feathercoin is great and you got an instant "comedy show of the year".

U forgot the best reason why Feathercoin is sooo great....

U can tickle people with ur coins!!

But in all seriousness u do raise very valid points.

I didn't know I had to impress you. I'm sure you're a nice guy and all, but not really that important in my life. I'm amazed at the number of people that spend so much time against something rather than for their own passion.  Look, I'll leave it to the messageboard to keep with the 'noob, idiot, comedy' type comments. Enjoy that life. :) For the rest of the sane crypto population, we'll continue to work on services for the coins WE enjoy.

If you don't like a specific coin, don't use it. 

Should be worth 30 cents? you mean a coin that's been out for a week should be worth 30 cents? Worth 1.4mil? Which the dev probably mined 50% of these..

Really?  If the developer pre-mined (alot of us know he didn't),  why has he been buying FC from forum members to help fund its promotion?

A coin should be valued at whatever the market is willing to a pay. Wow, there are so many centralized planning currency types here, I'm a bit surprised.

I hate how people keep arguing. Just let the demand from the general public decide. Its as simple as that. Look, Iridium is rarer than gold, but why is it not worth more? Theres not a high demand for it as gold. Same reason for MinCoin vs BitCoin, except MinCoin has a bad appearance.

I didn't say pre-mined. I said mined, you launch the coin and start mining right away. If you're the only one mining, you're mining a shit ton.
Dev buying all the FC? Doesn't raise flags?? That's forcing a price.

Apparently its the dev as said above this quote forcing the price, not the market.
The market wants a pump and dump, why do you think ltc and btc went up and FC are the same price. Everyone who bought FC with LTC lost 1/3 of their money.

What's sad is people STILL keep thinking a small amount of people have a majority of the coins. I was lucky to get on in the first day, but from what I could tell there were a lot of people who started within the first 4 hours and the mining was very spread out.

I know what you are saying as Feathercoin does seem timid in the respect that it is playing it safe. It is not trying out new features like proof-of-stake or demurrage which have yet to prove themselves. I will leave the grand experiments and great risks to others. I certainly feel safer having Litecoin and Feathercoin in my wallet, than I do with any of the other SHA-256 alternatives.


No. The hashrate went up drastically almost immediately after launching the coin and kept going up for days. About 12 hours after the coin was launched the network hashrate was around 60MH. I actually believe that we got a reasonably fair distribution of coins. For my mining efforts I got 128K coins of which I have given out 39,950 in bounties and donations. I intend to hold on to my coins through any rises and falls. Others may be treating this like a pump-and-dump but I am not one of them.

I do want to purchase coins cheaply to replace the ones I spent on bounties, I am not rich enough to cause trouble in any market. Personally I think the price may have gotten too high. I have been trying to buy at a rate of 5 LTC per 1,000 FC but am being told to go away. Whatever I think about the price I have no control over it, the market tells us what the price is.

What would be interesting is some good charts. I have a server where I intend to get AndyRossy's PPCoin charts installed. This will show the amount of coins mined a day and the difficulty, there will be more charts added over time.

I refuse to buy FeatherCoins until they make at least 9 to 12 months of network existence.

It needs to stand the test of time before it is worth investing.

The high hash rate meant that there was no one miner being able to mint millions of coins for themselves. What we need is a rich list to get another view of coin distribution.

Too bad I wont be on that list )):

This seems like what happened with mincoin. Extremely high rewards in first three days. I dont believe Feather had that.

There were like 4 million produced the first day.

There was no mining before the coin was launched. Those who mined early have an extra incentive to put our services to support this coin. This is what has probably driven other coins forward and why we have seen such a vibrant community around this coin so quickly as these coins are still relatively easy to get hold of compared to Bitcoin and Litecoin. BBQCoin was a just-for-fun coin that was announced of time and all that happened is people took the time to prepare to trash it, which they did. There are arguments on all sides of launching a coin. I'm sorry you find this coin so disagreeable.


There was not. We need a coin distribution graph so we have some hard facts to work with. I will get on this again now that I have a VPS to host the daemon.

You could say exactly the same in a few month about the people who started to mine now... A popular coin will never be easier to mine in the future than now...

We now have a winner for the most intellectually devoid statement ever made on bitcointalk.org. 

Must be sad not to have any curiosity about anything. 

I'm glad most of the human race doesn't share this sentiment.  We never would have advanced beyond living in caves. 

I am one of the early adopter of feathercoin and I mined several ten thousands the first two days but than it went down quickly... I was mining with 4000 - 12000 kHash/s and actually I was pretty surprised that I could sell those to LTC for 14 - 30 / 1000 FC the next days... I mean for a short periode this was like 1000$ per hour for mining with a usual rigg. So I would say that nobody got rich because there have been so many invalid / orphan blocks at the beginning.

Seriously, what is wrong with you? You have to sit here and pick apart what other people say?

You don't have to impress me, but if you don't want to see the following scenario: pump - dump -death
Than you better convince some people, and that won't be with the arguments I see here.

I don't hate your favorite coin, I'm not against alt coins, else I wouldn't have bought Litecoins and PPcoins right away. The others I don't have, and that has a reason. But I accept anything, if you need something and I can offer it I'll accept your Feathercoins, I just won't hold them for long because I don't have confidence in it at this moment.
The only people I see that have confidence in the coin are people that heard a month ago from cryptocurrencies and now adopt the first one that has some hype around it in the hope it goes up. This hasn't worked in the past and I can't believe it will work in the future, some will have earned from it, most will have waisted time and money.

I'm not important and I'm not starting a war against Feathercoin, I just give my opinion like the people that are pro-feathercoin give theirs, and sorry but the arguments I listed are arguments really used by them, and they will have the total opposite effect their trying to accomplish with them.

30 ltc for 1000fc that where a day earlier mined at ten thousands at a time. :D

The difference is that Laszlo couldn't imagine that a bitcoin could be worth 100+ $ 2.5 years later but now people can and they think, "lets buy around 10.000 of xy, hort it and see what happens in a few month" and they are ready to throw a few hundred $$ into.

The difference is that perhan007 couldn't imagine that a Feathercoin could be worth 100+ $ 2.5 years later but now people can ....  ;)

I don't get the purpose of this thread: If you don't like Feathercoin, stay away from them.

No one forces you to buy Feathercoin, no one forces you to sell Feathercoin.

Exactly. I just chalk it up to people who dont like it just being invested elsewhere are are worried that a new coin or 2 taking off and hurting the investment.

 ;D

nice one indeed!

Feathercoin reaching $100+ in 2.5 years?

You have quite the imagination, my friend ;)

With the way the hard Euro and USD and such are going? I do not think that is out of the realm of possibility.

What about the other 200+ alt-coins that will be around by then? Will they also be worth $100+ ;D

As do you P, as do you.

Heck I don't value Feathercoins high. I'm.... *cough * practically giving them away, for only 18 LTC per 1000 FC ! Pm me right now if your interested !   wow that was shameless  :-*

I have some Feather Coin that I would be willing to trade off for LTC or BTC or NMC or . . .   Contact me and we could discuss it.

I imagine BIG FOOT will be discovered before feather con, I mean *coin ;D, reaches $100 :P

Anonymous messageboard poster claims BIG FOOT will eventually be discovered. Gotcha, I'll make sure I adjust my portfolio immediately. :)

[/thread]

Feathercoin is valued correctly.

Right now it takes 6,853Kh/s to earn 1000FC in 24h.

Punch those numbers in for LTC https://www.litecoinpool.org/calc?hashrate=6853&difficulty=404.82011437 and you get the right answer.

You have a feathercoin as avatar and you post something that proves feathercoin is way overvalued?
When you could still mine like 200 bitcoins/day with a cpu (there was no gpu mining than) a pizza was worth 10,000btc. Nobody than mined 10000 bitcoins in 2 days, if someone could have pulled it off he would only get 2 pizza's. Bitcoin excisted allready much longer than feathercoin now. Bitcoin allready gained extremely fast, lots of value. You really think you can even fastforward this growth times 1000000000000. Good luck with that. The 10,000 bitcoins for the pizza were not suddenly the next day worth 120$/1000btc.

I also see one main difference, when you bought 2 pizza's for 10,000btc, most people were talking about how btc would change the world, how one day we would pay everything with bitcoins, how people would have more freedom,... btc was seen as a currency not a get rich quick scheme. I only see people in this topic who actually don't want feathercoins, I only see people who want dollars...

Exactly.

bitcoins

Lol, I almost spit out my coffee.

Thanks for the laugh.  :)

Who on earth revived this thread from the dead?:)

Curious how the OP feels about the 60,000 coins that have been released since FTC (!)

Most are over on Cryptsy and trading for BTC

Don't reference this in btc-e, you might be banned!  ;D

I think Koolio tilted. :)

Some facts on FTC:

Newly centralized, UNOCS failed, and one of the biggest supporters/holders of FTC now is the very own OP of this message - Koolio.



+1

This thread is so old! I remember my pump n dump days. Made like 80 bucks off FTC :D coulda  made like $800 if I had played all my cards perfect and sold at the right times but alas I was a noob.

its not high or low... There is no roof or bottom in prices at the moment, so how you can rate it to be high then?
Crypto World is at buttom of its life for sure and new coins are just popping up and getting their first breath in Cryptos area of business. Feather coin is not just a new coin ( keep in mind that feather coin have a big community and future and allready survived to be one of first cryptos like litecoin,peercoin,quark,mastercoin,nxt, namecoin,primecoins novacoins... etc.)