Bitcoin Forum

Well This is Verrry interesting.  What do you think now?

On which exchange ?

https://cryptonit.net/exchange/ltc/ftc (https://cryptonit.net/exchange/ltc/ftc)

and its alot of volume i think because is super laggy

im making a ton of profit xD started with 0.005 so hell yeah

are u the same markus from the chat? xD we'd communicate faster per this forum than per that chat lmao

I think the server is pretty crappy, I can't get far past the login.

Gave me a warning about an invalid SSL certificate too.

The https://www.cryptonit.net/user page just gives me a blank white page.

its jumping around (price)  was up to 0.0489  now around 0.03

Its always laggy for me too. Dislike it ):

it effing refuses to load....

Yea i was in that chat.. most of what i typed never went through.  They are either overloaded or being DDosed

https://i.imgur.com/9FTSOJB.png

0.03 - 0.05 ?
People that buy 71k LTC from Cyberdyne and Rawted doubled his profit.

Buy 71k FTC @ 0.02 = 1420 LTC
Sell 71k FTC @ 0.03 = 2130 LTC (+710 LTC profit)
Sell 71k FTC @ 0.05 = 3550 LTC (+2130 LTC profit)

Not to mention people that buy it at very low price as 0.01
Buy 70k FTC @ 0.01 = 700 LTC
Sell 70k FTC @ 0.03 = 2100 LTC (+1400 LTC profit)
Sell 70k FTC @ 0.05 = 3500 LTC (+2800 LTC profit)

Standard price on Googledoc book order :
1000 FTC = 20 LTC
1 FTC = 20/1000 LTC
1 FTC = 0.02 LTC

Lowest price :
1000 FTC = 10 LTC
1 FTC = 10/1000 LTC
1 FTC = 0.01 LTC

Lesson ? If  you really need to sell your coins, don't sell it off-exchange.
And this is just the beginning. Who knows if the coins shoot to 0.1 later.

it is going up and .1 is not that outrageous a possibility now.. its creeping up to 0.06
I sold 500@ 0.054 to try it out

ikr? still, 1st day and all

You have to keep refreshing pages over and over until it finally displays.


As for pricing, it's all over the place, it probably will be for a while as people experiment. There are some desperate to get rid of FTC, and some desperate to obtain FTC, so they will push the trading range.

what do you think I'm doing? XD hope they resolve the lag issue as otherwise i rather like this site

oh god i think it gave up. no!

The site's down! That is how awesome FC is - the demand crashes an exchange when it launches!

I have never seen an orderbooj as busy at Cryptonit as it was today :)

Just come back online son Cryptonit!

it's down right now

I am trying to get this new MNC exchange to also trade FC http://www.mcxnow.com/exchange/MNC

It is a rock solid design I really like it

ikr? I DOUBLED MY MONEY! :D

fuck that site made me sell my coins at .059 when i was trying to put .09....sold 2k FC at that price...

Cryptonit has very poor servers, the same thing happened when the profitability of Freicoin went up to 200%

It feels like it's on a shared hosting account  :D :D

As long as I haven't sold my FC cheaper than I wanted man

cryptonit did the same thing to me i entered my price came back later and it had automatically changed my price to the #1 ask price when i hit buy. bull****.

I chatted with that site's developer..he wants to talk with bushstar ..he will add FC

Good - I've lost 5000 FC at Cryptonit I placed a sell order and the 5000 FC is just gone - can't even submit a support ticket even because the site keeps crashing.

Problem has been fixed!

Still the more FC exchanges the better for sure :) I really like that MNC exchange it's ultra modern and fast.

same problem here.

can't access the site, and I just deposited a couple K FC (not kentucky fried chicken)

thats why you write a little k
xD

That's really good news :)

The people who bought 1000 FC for 100 LTC will have the wait very very very long until their investment will pay out.

That's okay, I managed to get my average buy-in price down to 0.0003 and that's not a typo, that's 0.3 LTC per thousand FC 0. As of today I've recovered all my initial LTC so riding on some free feathercoins from this point forward :D

I will use this exchange as soon as they scrap the mandatory auth requirements for withdrawals.

where you exchange FC for LTC, on cryptonit? i dont see FC there?

400 BQC thrown in the hat to help me make a new exchange. PM me.

I'm not even sure that we are supposed to be in the LTC/FTC exchange. It is not linked in the menus.

Seems like the site has been hit with a DDOS.

Bush

My 2 cents: Avoid that website for a few hours.. There are too many people complaining they can't remove funds..

Looks like they finally got it kinda stable and added the link to the exchange list now.

I put a few feathercoins to sell order and now they dissapeared and I dont see them anywhere and can't even cancel my order... It was a half hour ago... Are the feathercoins lost?

Now I'm getting "Internal Server Error", just as things started to get going.

They should show up eventually - but right now the site is down and it looks really, really down. Pretty unimpressed with the whole operation actually for a number of reasons but I am not going to go on about my loss today because of this shitty exchange.

Not over the moon either, just put some FC over to test it and down she goes............

I hope this garbage site doesn't get the bounty, since it is not a really exchange.
It's a bugged out accident waiting to happen.

And the forced 2 Factor-auth (which is only for people using password as password)
is totaly useless and complicating.

I agree this site should not get the exchange bounty but that is really up to Bush the dev.

Just got my coins out there. Will never use that exchange again.

First it filled in the sell price so I sold a bunch for low price because it just changed when I clicked sell >:(

Now it doesn't calculate the LTC you get, so you have to fill in yourself.

How hard is it to:
- let seller set price
- calculate how many LTC that is

I did submitted a feature request for email withdrawal as another option. I first joined that exchange when Freicoin was introduced and noticed that there were a number of users complaining about the two-factor auth. The email on withdrawal function would be welcome, that is what I use elsewhere and I can still setup GAuth on my email if I wanted to.

Are there any desktop apps for GAuth? I took a look a while ago and did not find any so use my mobile.

I don't know how many people are logged into the site atm but it sure can't handle it, and the US hasn't even woken up yet!

Disasterpiece



Are there any GAauth apps for iPhone/iPad owners?

Yes there is this one:

http://code.google.com/p/gauth4win/

I got all my coins out, what a pile of shit this exchange is.
They don't deserve the bounty.

As I wrote before.. avoid that website.. too many people complaining they can't withdraw funds!

The buy and sell  transaction lists at the bottom hasn't changed in half an hour, same orders sitting there even when I refresh the page.

Site is throwing tons a of errors (HTTP 500) error.

It looks like their server is getting hammered. I'm getting an internal server error when I try to withdraw funds.

I'm guessing (hoping) it'll be cleared up in a bit.

Dunno, I might be wrong but the site looks like it's created in Drupal,  it's not going to scale well at all.

I still got the funds in my wallet withdrawn after the error.

Yup, I did too. So I'm outta there until things get sorted.

I deposited 50FC as a test, did a few trades and got it up to 90FC, now it's all kind of stuck, no big deal, I wasn't game to try any serious amounts on an unknown exchange.

I saw one smart message in the trollbox on Cryptonit:

- send messages / mails / etc to VirCurEx and BTC-E and ask them to support FeatherCoin
- tell them about the bounty

I personally like the Cryptonit "look and feel" of the page, very minimalist and responsive; but VirCurEx and BTC-E are much more reliable than Cryptonit, so it would be a good idea to get Feathercoin there. Especially if it goes to BTC-E, FC's price will probably soar like PPC did, at least for some time.

It is definitely a Drupal site. I really hope they are just using it as a front-end; building the trading engine into it would make for horrible performance.
Drupal is too heavy for an exchange.

The site is getting a huge amount of traffic because of Feathercoin. If the site can sort out its growing pains then it could do well. However if it does not then this traffic will be lost when the next exchange supports Feathercoin.

There are some nice features on the site but needs usability testing.

I think to start Vircurex would be a good start for FC (as for many other coins in the past)
Though the side feels "sticky" it is long in in the game and pretty reliable.

After having traded on most exchanges, my vote is for BTC-E. It is able to take whatever is thrown at it and bounce right back

+1

Will be also funny to watch all the FC haters come out in force in the trollbox.

At least they enabled Ajax again and the site is smooth again.
Don't know how long it will last but now I'll try to buy some FC again.

I'm BlueTooth76 @ Cryptonic.net if you want to message me!

Starting pump @ Cryptonic in 13 minutes!

FeatherCoin confirmed on Virexa.com in 2-3 weeks!

https://virexa.com

It's by the makers of VirCurEx.com so it has potential!
BBQ confirmed there too!

Coyptonit.. blah!  requested withdraw of LTC o got in trades 5 hours ago.. still not here.

It took me forever to figure out that to withdraw requires a googleauth entry.. got my funds finally.

:D BQC FTW

FC a bit tooo :P

Let's get this straight:

Client uses FC
Exchange uses FTC

What is it going to be? Dev?

All currencies (whether crypto or legacy) use 3 letters if they are in - or hope to be in - the ISO 4217 standard.

How long did you have to wait untill your withdrawal has been completed?

Nice, got the LTC after 15 minutes!

It needs to be FTC.  I was thinking FHC when i thought there was a conflict with FTC, but i guess there's no conflict.  Except for the fact thats the federal trade commission acronym

pretty stable now
see alot of trades going on :)

It will be changed to FTC in the clients and released during the week.

Thank you!

Lots of trades today at https://cryptonit.net/exchange/ltc/ftc

I found that this has been better later today and I have successfully traded and withdrawn funds

Does anyone know what ad service they are using for their banner ad?  It seems to only generate bitcoin related content.

The system is a joke. I have had no end of problems, deposits gone missing that have had over 100 confirmations, then mysteriously appearing half an hour after I lodge a support ticket which is still open. I can't even find a section with the transactions in and out of the account. All sorts of nonsense on the screen, the drama getting Google Authenticator to work.

My advice is wait for a better FC exchange to open unless you are desperate.

Did all the crap for google authentication and surprisingly was able to withdraw coins. After withdrawal my balance didn't change although I had the coins in my wallet already, so not working very well. Google authentication seems almost like a trap. If you lose your first scan (secret number) there is no way to withdraw anything ever again. Way too demanding to gain wide popularity.

Feathercoin just broke above trading for 0.06LTC

The fact that it's down is not helping...

Twice the price of the PM trading going on on this forum :)

I'm thinking I should just stop trading and see where it goes for a while .. I made a few trades at 0.04 .05  and just triggered a 0.06   one. I'll leave my .075 positions and sit out.

It seems like sleeping was a costly mistake for me  :o

I put up a few sells in the .1-.2 range. If it gets there and higher, i'll still have made waaay more money that I would have mining LTC.

There are a lot of coins for sale in the 0.05 -0.06 range.

Yeah. I already sold quite a few in that range. Now i'm leaving some optimistic ones up while I sleep.

so let me get this straight a coin that is 4 x as fast (better?) than LTC

and has 4xCoins

is no where near 0.25 of LTC?????

also how many people are active devs for this coin

and what about that massive blockchain you are making???

Been an interesting week or so for this currency lol.

Good exchange, i just bought some feathercoins easily.. the google mobile athenticator (needed to withdrawl) was a little difficult but i downloaded a windows app and worked fine

Im just selling them after mining right away and will buy again when they dropp to 18 - 20 LTC; what they will for sure :-)

Being at exactly 0.25 LTC would signify that they have the same reputation, the same user base, the same popularity as LTC. Clearly, they don't.

Yup and this coin is still very fresh, it is impressive that it has an exchange so fast. Also LTC is listed on bigger exchanges etc... If FC continues it will gain value.

scam alert

i deposited 200 fc on that exchange and has not showed up yet after alot of confirmations..

It'll get there the exchange is solid.

Cryptonit. Yeah good luck with that 'exchange'. I (and 100s of other if you read the comments) have had coin stuck for days after failed implementation of Google 2-factor, screwed up FTC launch, their botched close down of Freicoin trade etc. Seems the 'founder' basically just threw together Feathercoin trading in an afternoon to claim the bounty and didn't care to plug existing holes in the code. I wouldn't transfer anything into Cryptonit EVER after the last weeks total and utter FAIL.

My theory (considering the 3 million 'almost pre-mined' coins), the lack of developers, the 'BUY NOW' posts showing up everywhere online, the many giveaways etc. Is that this coin was never designed for longevity. It's a pump and dump to relieve less intelligent people of BTC/LTC for something that will crash and burn spectacularly within the next week or two.

I've never seen an alt which gets this popular so quickly crash and burn after a week or two - just sayin. All alts which have a solid foundation of miners increase in value over time - for anyone paying attention - I really don't think FTC will be any different.

Feathercoin does not have a 'solid foundation' of anything. It's a brand new altcoin that skyrocketed due to lots of GPU mining kids rather mining 1000 of something then 1 (cause you know, 1000 is a bigger number). I'm pretty sure 90% of Feathercoin owners/miners have NO interest in an actual feathercoin economy and are just mining to sell them for LTC, and buyers are just speculating it will go up. Hell, the Trollbox on BTC-E is basically 90% feathercoin drama and people yelling 'I have 1000 FC, #millionaire Wooohoo'..

I fear for the future of any coin when a carbon copy altcoin can get this much attention and value without providing any benefit over an existing one.

NO ONE is asking for Feathercoin to be accepted as a currency. No one is talking about the developers. No one is interested in the 'ecosystem'. ALL people are screaming is 'we need an exchange' and 'GO Feathercoin, to the sky!!!'.

Pretty bleak outlook..

THIS is what is wrong with 'muppet currencies'.

I really don't know why you get so emotional about it. Me, I'm fed up of the idea that no one person can support all cryptocurrencies - which is exactly what I do, because I love the technology and contribute to the ecosystem of as many as possible, whenever I can. Also, you are wrong. Very strong mining community is the foundation of a strong coin - without miners a coin dies (the miners ARE the very network of a coin after all) - and no alt has seen as many miners as FC in its early days - regardless of WHY they are mining it.

There is no 'regardless of why they are mining' in my opinion. Until a coin has some form of 'use' it is inherently worthless, and once trading it for something that has value (FC -> LTC -> BTC -> Actual services and goods offered) is not an option all you have is a useless bunch of 1/0s. Feathercoin has no foundation other then hype and the possibility/hope of trading it 'up' for something that you can sell for 'Actual value'. This is a horrible foundation for a new crypto currency and the only thing that will come of it is the start of more and more 'alt crap' coins dressed up, launched as 'the new xxxx' and dumped onto the market for a quick profit.

Dude, all crypto started as an experiment without any actual "use" as you put it. Especially Bitcoin. May as well give all your crypto to me right now ... don't worry I'll look after it.

Are you sure? I thought BTC started with Algae and magic? Of course they all 'started as an experiment'. My point is that 'where' something comes from matters to it's future. The fact that feathercoin started with the obvious PLAN to mine a ton, sell it fast and make money matters to it's future.

Shitty analogy time:

If you meet a girl, like her, take her to dinner and end up paying for the dinner and that leads to you getting a second date after which you have sex. You could say 'I payed for sex'. Though I think you would agree that it feels a lot more genuine then just throwing a wad of $10 bills at a hooker. Right?

My point being that Bitcoin was launched with 'the best intentions' in mind. By developers and a community truly engaged in spreading it as an alternative means of payment. Lobbying, working hard, coding and asking people to tell their friends. It eventually after a long time and lots of work because 'worth' something.

Feathercoin was 'born' when someone took existing code, made minimal changes, mined a few million of it and asked a forum to hype it. 2 weeks later and for no tangible reason it's worth money.

I don't think so - that is the magic of innovation - the internet was designed by DARPA as a computer network to survive a nuclear attack - not for Facebook or disruptive cryptocurrencies or any of the other many phenomena it has spawned. It's all a part of this ongoing experiment there's no point getting upset about it.

The only thing that 'upsets' me is that the new 'fly by night' coins that keep popping up are just redressed 'flim flam' coins that does nothing to innovate, solve a new problem or even pretend to have any 'meaning'. They are just 'launched' at a whim and the 'developers' just hope they will become popular. Just a 'dirty' process I think, and it cheapens the early innovative coins by existing.

I understand what you're saying: but it looks like there was an unmet demand for a more abundant Litecoin judging by recent events. No one has done it before and personally I think FTC's simplicity of its premise is genuis.

True, someone needs to work on  a coin that solves the out of control block chain growth problem which is starting to bite hard now.

Selling 200 FC @ the Cryptonit rate of 0.05 if anyone wants to avoid using the exchange.

What exactly is the control block chain growth problem?

That's why I sold half to get back what I put in.

At the same time though I don't see why an exact copy cannot exceed its original form, it's all the same code and if the idea is sound then "who came first" doesn't really matter.

Well, Feathercoin has just proven (so far) that you can in fact take something existing and just slap a new logo on it and be just fine. I just think that it's a little 'sad' that this happens in place of real innovation. I also dislike the idea that the 'developers' (and I use that loosely) behind Feathercoin so blatantly let a group of 'friends' mine out what right now amounts to something like 40% of the total supply in the first 12 hours, likely as 'payment' for them spreading the gospel and making at current value several hundred thousand $ if not more for their trouble.

I guess i'm just a little disappointed in how things are progressing.

TheSwede75, you seem a little upset. I'm wondering if you would be happier about Feathercoin if you actually had some. If you send me your address I can send you some :)

I cannot imagine that anyone or any group of people have 40% of the coins. The coin was announced at a busy time of the day and people jumped on to this coin very fast, and I'm talking lots of people. The take up was actually much more than expected. I was looking forward to being part of community around this and did not realise we would be so large so quickly.

Come on, for your own sake calm down. It is unnecessary to get this upset.

Hmm, I was a bit worried about using Cryptonit given the negative feedback - but I couldn't disagree more. I turned out to be completely easy and painless. Fast in, conversion, and transfer straight back out with no issues.

Will be using it from now on.

I know you from btc-e trollbox, I realize this is your style so I'm not going to bite. :) I'm not quite sure why you're against the freemarket, I just don't get it. Support what you love, forget the rest.


I'm in the podunk midwest, certainly didn't know anyone personally when it launched. I was in trollbox, someone made a crack about Feathercoin flying or some crap.. I decided to take a peek and now I'm working to push it forward. There's no changing your mind, so ok.. you win. Everything is  scam.. yada yada crash, chicken this.. whatever you guys spout all day long.


 Maybe I'm just a 14 year old behind the computer, maybe I'm someone that's very familiar with working with merchant solutions. In the end, we'll figure out who made the best bet. In the meantime, I hope you have a great night and you put that passion toward something you really enjoy! Best of luck trading.

There are many threads on the growth of the block chain:

https://bitcointalk.org/index.php?topic=94267.0

I really applaud the Feathercoin supporters for being so patient and accepting with someone so arrogantly against it :)

What is so 'arrogantly' against? I am simply stating why I believe it to be a useless currency that has no future. I am fully aware that Feathercoin has a lot of 'supporters'. Also: Patient? The currency is like a week old. I also never said it's 100% that it will fail. I just fail to see why it has any reason to succeed.

Trading at 50+ LTC for 1k FTC at https://cryptonit.net/exchange/ltc/ftc !

I also haven't received an FTC deposit I made over 3 hours ago, with 138 confirmations. It's not the first time either.

I had a sell order in place @ 0.034 and the price since then had been as high as 0.053 yet my order was still sitting there, so I cancelled it about half an hour ago, and the FTC coins have not been returned to my account.  I also cancelled two unfulfilled LTC-BTC sell orders, and the LTC was returned to my account straight away.

The FTC side of this exchange is still seriously buggy!

Yeah look at the sell side right now... not even ordering correctly:

LTC   Rate   FTC   
249.995   0.049999   5000
0.51574424   0.049   10.52539274     <<<< This should be at the top
40.24648685   0.05   804.929737

I saw that too, and withdrawal system is a pain..

You guys can't expect a top notch exchange from a guy doing this as his high school project.

If someone wants to use me instead of the exchange I'm buying for LTC or BTC.

Slightly less prices, but better than the hassle / bugs.

PM Me.

im buying fc also at 42 ltc for 1k

Seems like those prices are gone.  :(

but is better than if your whole deposit just dissapears in the exchange

How about 48 ltc for 1k ftc, anyone?

i can sell you that, i sent you a pm

Lol.. Feathercoiners are such spam artists... they sit here bumping all the FC threads all day long trying to hype up their coin as much as possible because they own 100,000+ coins.

It's so sad everyone's willing to support ALT coins that just change a few lines of code and call it good. You guys will realize later on down the road when the crypto currency market is populated with 1000s of copy cat coins that this is not good for the community. It dilutes the value of crypto currencies, and makes them less useful and harder to implement into ecommerce.

My opinion is pretty much unbiased, as I currently own less than $150 worth of crypto coins. I am not trying to sway anyone's opinion to better my own position, this is just an honest observation.

By that argument, why do you support litecoin over bitcion?

I don't support Litecoin over Bitcoin, I like them both equally.

But, I know what you're asking.. I think that there is room for more than one crypto currency. Litecoin is quite different from Bitcoin when you get down to the details, so it provided something new and different. I like that transactions confirm quicker.

I don't think that there's any need to copy proven crypto currencies a hundred times over only changing a few parameters though. That will do more harm than good. I think there's room for other crypto currencies other than Bitcoin and Litecoin, however I think we should support and focus on IMPROVING on our current currencies rather than copying them.

Rubbish :P

Faster confirm times only lead to slightly smaller increments in measuring security - not adding to it. You're slightly more secure after 10 minutes with BTC then you are with LTC, but let's face it the whole "confirmations" is silly considering it's either going to be instant (same for both) or delayed (same for both) payment.

Scrypt offers no advantages bar being different. Litecoin simply goes a step further in the "get in on being an early adopter" game by changing the hashing algorithm.

It's so sad everyone's willing to support ALT coins that just change a few lines of code and call it good. - Essentially what LTC does to BTC (Change hash, number of coins, confirm time). Basically if FTC changed the hash instead of copying scrypt it would be exactly what LTC is to BTC.

You guys will realize later on down the road when the crypto currency market is populated with 1000s of copy cat coins that this is not good for the community. - LTC is an example of this trend, it simply is a copy cat of BTC.

It dilutes the value of crypto currencies, and makes them less useful and harder to implement into ecommerce. - LTC does this.

Now, before you get upset at me - I use LTC. I use BTC. I use FTC. I do it because it's profitable to me. I'm not saying we shouldn't, I'm simply saying that it's pretty hard to look down at FTC on one hand while holding LTC up on the other.

Litecoin changed much more of the Bitcoin code than Feathercoin changed of the Litecoin code. To compare the changes of FC's code to the changes of LTC's code is crazy. FC was developed with much less effort and less innovation than Litecoin.

The benefit to scrypt is just as you said... it's different. If somewhere down the road a devastating error is found in the SHA-256 algorithm, then it is useful to have another peer to peer anonymous decentralized currency that is built on a different hashing algorithm. The existence and growth of Litecoin is beneficial to seeing that the ideals that Bitcoin was founded upon will be around for a long time (and perhaps even longer than Bitcoin itself).
 
Again, Litecoin is not "simply just a copy cat of Bitcoin." Yes, it shares a lot of the same code, but that is because it is based off of Bitcoin. Major parameters were changed, the hashing algorithm changed, and block speed changed. Also- it was one of the first coins to do this, now as time goes on many other coins are trying to do the same thing adding no real value to the ecosystem. Litecoin had a much fairer release than almost every single other ALT currency as well, giving a few days notice before any mining took place.

I agree LTC makes it harder to incorporate crypto currencies into ecommerce because implementing 2 coins is harder than implementing one. But, I see it as that Litecoin is here to stay, it was/is and always will be the most popular ALT currency. Therefore, it should be embraced for the good things it can do and provide for the community. Any further dilution of the crypto currencies from this point on should only be because the new coin is actually an improvement on existing coins and/or really different.

Not really. Litecoin changed 3 major things -> Block time, Number of Coins, Hashing algorithm. Feathercoin changed 2 -> Block time, Number of Coins. Changing the hash isn't really that hard from a code perspective. The large ideal's, what I'd call major changes, such as cryptographic proof of work, use of the block chain, etc etc is identical with all 3.


Realistically if the cryptographic principles behind Bitcoin and SHA2 were compromised, I guarantee you that one of two things will happen. Either they will catch it in time and upgrade to a different algorithm for BTC, or cryptocurrencies will be dead. I can't imagine any scenario where it goes "Woops, SHA2 has been compromised, thank god we have litecoin". 



You quote things such as "the block speed changed" as a major parameter, yet call it insignificant in terms of feathercoin changing it. You say LTC is an innovator because it was the first to change some parameters. I'm saying it's not an innovator because it only changed parameters. Also fair is a pretty strange notion to think about. Can you really say a currency which is meant to theoretically last for generations is more "fair" because it was announced on an obscure forum for a matter of days before launching? It's no more fair than any early vs late adopter coin on there. Someone getting into LTC today is worse off than someone who was there at launch, exactly as BTC was in the past vs now.


You're judging success with hindsight and adoption rather than the features it brings. LTC is useful because it's popular can sum up the argument in that paragraph. By the same logic if FTC is adopted widely and used wildly it's useful, if it dies out it's not - see how that can't work? You should be able to judge the usefulness of something independent of it's success.

I think alt currencies are a wonderful thing, but I wish they would ALL innovate more (inc LTC). I don't think we've seen an actual innovative alt coin yet. I also agree completely that many coins are simply a get rich quick scheme / ponzi scheme designed to launch, pump as much as possible making a profit before their eventual decline. It's a glorified speculation mechanism rather than trying to really be an alternative. I'm just disagreeing with your classification of FTC as one but excluding LTC on the basis that it changed one more parameter.

I have a small LTC buy order in trading 20 FTC @ 0.042 it's been in the Buy queue for over 7 hours, the price has passed within that trade range many times today and still the order sits there. I go to cancel it by clicking the little blue X to the right of it, the order disappears as expected, I refresh the browser page and it's back again. I check in the CryptoCoin information page and there are no orders listed  in the exchange section and neither the 20FTC or the 0.84 LTC, had the order completed, are back in the account. That's what I call buggy. I have submitted a support ticket several hours ago, not response yet.

I see a few people looking to buy FTC for LTC. I have 200 FTC I am willing to sell for 8.2LTC   If someone interested is a long time member who is established here as being honest, I will go first since I am new. (gotta start somewhere, not my fault im new) But please for the love of god dont fuck me over, I recently invested a ton of money into mining and have already been ripped off of coins at two sites (altpool.com screwed me out of a bunch of FTC and litecoinrain.org out of 11.76 LTC) so I cannot afford to get screwed over by scamming.

Serious offers only PLEASE.

Successfully traded with Peleus where I went first. Thanks so much for your honesty, Peleus.

Peleus, I guess we will agree to disagree.

Opinion plays a large part in most of these arguments, and my opinion is different.

Arguing that FC is equally as innovative as LTC is an insult to Coblee who spent a lot of his valuable time implementing the scrypt algorithm into Litecoin. The fact that FC did not have to do anything at all to implement Scrypt into FC is quite less innovative IMO.

I disagree with your assertation that if SHA-256 fails, then all cryptographic algorithms fail. They are all different, perhaps a vulnerability is found in one that does not exist in the others.

I agree Litecoin is not particularly innovative itself, but that is not why I support it either. It is here to stay and a lot of people support it, so my support is kind of like making lemonade out of lemons. Also, LTC is more useful to me in a lot of ways than "just because it's more popular". That is just your opinion.

Quicker transactions are quicker transactions. Supposedly they are less secure, but after ~8 months of using Litecoin, I have never been wronged or cheated.

That's cool, I'll leave it at that and we can agree to disagree :) I only want to make one slight point ...

I disagree with your assertation that if SHA-256 fails, then all cryptographic algorithms fail. They are all different, perhaps a vulnerability is found in one that does not exist in the others.

Absolutely, in fact any vulnerability in SHA256 is almost guaranteed to not appear in scrypt. I only meant the confidence in cryptocurrencies would be gone.

Confidence has gone many times for one reason or another, and always come back.