Bitcoin Forum

It finally happened, FTC has just been added on BTC-e.

https://btc-e.com/exchange

Funding address looks wrong. Still waiting on my deposit :(

well it starts with a 6.  Too bad I don't have access to my FTC right now.  Price opened at 0.1 BTC lols.

that was unexpected to say the least.

hahaha roflmao prices are unfreakinbelievable.  And LTC dropped by a large margin for some reason.

^this

I am no longer going to use btc-e.

First they add novascam, now the add pumpcoin- i mean feathercoin

I was OK with PPC and TRC, but this is rediculous.

Im glad ltc is going to gox!

Really Unexpected o.o

I don't even know anything about Feathercoin, but what's wrong with letting people trade whatever cryptocurrencies they want?  I think it is awesome that BTC-e isn't afraid to add all sorts of alt coins for trading.

Great news!

Unless of course they are trading against their users. When the added NVC they had a huge 100K stockpile of coins ready to go. Wouldn't be hard for them to have accumulated a good enormous pile of coins cheap knowing that they would add the coin and then sell on the users at this crazy prices. Skepticism. :-)

Ok, so they do some insider trading.  That's happens all over the BTC community in a variety of ways.  Is it really that much of a problem?  Why aren't we cracking down on it elsewhere?

Because feathercoin is worthless. All the noobs are partaking in one of the biggest pump and dump scams of ALT coin history. Ive never seen a coin pumped like this.

Feathercoiners printed over 2 million usd in a week.

And...?

It's a free market.  If people want to try to ride the wave of a pump n dump, let them learn their lesson the hard way.

JMO.

+1

This is a joke, this means next week we have chinacoin on btc-e and the week after that the new "flavor of the week" coin.

wow...this is why the world's ending

Chinacoin is coming tomorrow, dont worry!

Kinda sad to me to see FTC trading higher than a solid, legitimate alt coin like PPC.

I got 1000 ChinaCoins I'll sell for 2000 FTC.

As much as it's disturbing watching super-obvious scams climb their ways up into the cracks of exchanges, it's impossible to argue against as all the same valid arguments apply against Bitcoin itself.

Why should this effect your life at all? If you have no interest in the alt coins.. then don't touch their tabs real easy for anyone over 80 IQ

ftc is crashing f'in hard already :)

Am I the only one who thinks that in a while they'll all die and LTC will prevail?

Yes, FTC FTW!  ;D

It's a classic pump and dump. It will most likely end up like ppc and be stagnant for weeks after this dump.

It's not an IQ problem asshole. It's a matter of principle.

BTC-e has shown they will do anything just to put more money in their pocket.

very nice move from them lets see if feathercoin has a future

Bunch of teen miners buying altcoins with 'real' money. I'm fine with it. I'm mining and selling every damn Feathercoin I can get my hands on. This is absolutely hilarious.

Because the more children (you?) that in the end get burned by the scamcoins the less Bitcoin will be trusted. Feathercoin is just a premined pump and dump that succeeded VERY well in it's goal. To relieve stupid people of money.

I am happily relieving the stupid people of their money as we speak.

Good times

I find it hard to take anything someone says at face value when they use words and phrases they do not understand.

I hope this means we won't be seeing any more of those FTC buying and selling posts on here any more :)

We know that people like gambling. This is the adventure. So let them be happy, why not?  :D

will sell 100 ChinaCoins for 2 BTC

and before you reject my offer  please think twice  :)

BTC-e has shown they will do anything just to allow people to trade the altcoins they want to trade.

Ya... it's not about money at all  ::)

FTC is all about greed.

Noobs want to become early adopters to make a lot of money.
Exchanges add them to make money.
Miners pump up the value of the coin by talking it up over here all the time, then said miners dump the coins to make money.

This whole thing revolves around money...

I don't think anyone actually believes in FTC except for a handful of people.

this is crazy the 300 ftc i have is almost worth 2 btc

I'd sell now if I were you, that's about as good of a price as you'll ever get for it.

My Hero, I absolutely agree with you.
I started mining 4weeks ago , soon discovered that mining BTC is much lees profitable than LTC, finally to get conclusion why not to mine FTC (about week ago), and today before lunch I just mined few hundreds China Coins.
I don't know what are trends of the cryptocoin "Market".
But there is one rule : early adopters usually don't lose.

This world is not only about Bitcoin, sad but true...

I think I just heard sp0tter say, "Fuck this shit... I'm out." :D

This is actually making me look at LTC in a bad light too, for the first time ever. It's kind of altered my opinion of it.

If it's this easy for some week old coin to be instantly accepted at the major ALT coin exchanges...

I now see why old Bitcoiners think all ALT coins are pump and dumps... even Litecoin.

Because they are..

Maybe I will rethink using anything but Bitcoin if this is what the ALT community is all about.

If Bitcoin didn't exist and it was created today, it wouldn't be any different to other alts. In fact, we would be mocking it for being ASIC friendly.

Your post is actually making me look at BTC in a bad light too, for the first time ever. It's kind of altered my opinion of it.

If it's this easy for some 3 year old coin to be instantly accepted as a form of exchange...

I now see why old US Dollar holders think all Cryptocurrencies are pump and dumps.

Because they are..

Maybe I will rethink using anything but USD if this is what the Cryptocurrency community is all about.

Rofl

Sent some FTC to BTC-e 1.5 hours ago, 0 confirmations :(

LTC is not a pump and dump , FTC is .

Did you include a fee in your transaction?

If trollbox is to believed, there are a billion people trying to send transactions at once, and only so many transactions can get it a block.

I agree. It took TRC ages to get on BTC.....Let the Pump and Dump begin.
TRC STILL FTW

just mad he missed out?

Anyone that purchases the coin at the current price is not very smart. It isnt worth what it is being sold for.

Whatever, it seems my opinion is not wanted around here anymore. I'm always met with some snarky remarks just for sharing my opinion.

I'm done with this sub forum, I'll let you Feathercoiners and Chinacoiners pump your coins at will. Then dump them on the idiots that are willing buy them, because the idiots will run out sooner or later when they realize Feathercoin and Chinacoin are worthless copy cat bloodsuckers to the cryptocoin ecosystem.

Later,

Ch

FC actually worth about 1/6 of LTC.
Considering in the long run there will be 4 times as many FC as LTC it means that FC has rise in 10 days what LTC took about 2 years to rise.
That is insane :o, most pumped cryptofraud ever!
Chances are this crap is about to crash to 1/10th of current value!

^^^This. Someone that actually has some brains.

I do agree that this sub-forum is a bit frustrating these days....

unloaded all 40,000 of my FTC left at .007 this morning when it hit btc-e. this is absolutely nothing but a pump and dump, dont get caught on the downside.

Oh, don't feel that way.  :( This is like bitcoiners complaining about litecoiners/terracoiners etc in all due sense.

Yeah, it was easy. I've learned there's certainly people that will never look toward the work people put into anything. You don't want to believe there's a community forming around Feathercoin outside of just the speculation and that's fine. Heck, we could be offered as a coin for cupid and you'd probably tell me how match.com is much better.

You're entitled to your opinion, I just have a heard time wrapping around those who are looking for reasons why something doesn't work. Spend a few minutes in the community, see the efforts we're making and then form an opinion. Anyway, that's the hope. Have a good day.

Any business is in the business of making money.  That's what they're there for.  But why are you mad at BTC-e for facilitating the trade of crypto-currencies when obviously people demand the trading of crypto-currencies?  I just don't get it.  If people want a service, what is wrong with providing said service?

You mean there aren't people investing their time and hard earned money trying to work with merchants on adoption? You mean there aren't people donating time to develops apps because they actually enjoy it?

Look, happy to hear you sold FTC with a profit. I just don't think you have an accurate picture of what's being done with FTC. Feel free to PM me anytime, I'd be happy to explain it.

Congrats on your windfall.

It's the pumps are only going to get faster and more aggressive with each generation. Get used to it and perhaps buy some cheap coins so you can make hundreds of thousands of dollars like they are.

Currently the supply of FC is less than the supply of LTC.  FC is not 4x LTC yet.

Strong jealousy in the thread  :)

Very good point. And it will take months for FTC to even match LTC's coin supply let alone pass it.

I donate my time when i take a piss, doesn't mean my toilet bowl is fort knox.

I'm an old Bitcoiner, not all of us think all ALT coins are pump and dumps. Litecoin has changes, PPC is totally different and I'm really looking forward to proof of folding (if it can be accomplished). Alts are a great test environment for new ideas that you can't just put in Bitcoin to see if it is something. If it can bring something extra to the cryptocurrencie world it will survive and will have a slow but steady growth, just like BTC had. LTC follows the same path as BTC, never was ltc after a few days worth this amount of money, never was it spammed everywhere and I don't think many people thought it would get this value. There aren't many big wallets around, there are more big btc than ltc wallets.

So I really don't know how your feeling for Litecoin can change because of Feathercoin, but I got to say, in the beginning I thought Feathercoin was pretty funny and saw it like bytecoin, as a funny jokecoin. Now that it's starts to look like a well put up scam, with a lot of new users burning real money, it starts to taste a little bit bitter. People who want to throw 46BTC at it while they have almost no experience with cryptocurrencies make me shiver too. And I still suspect a lot of accounts are made to praise ftc too, less than one month old and only posting praises about ftc and making one topic after another makes me suspicious. This never happened with LTC, else I wouldn't be posting this because Litecoin would be death. ;)  

Why in a pm, please explain it to us all...
I really want to see the big picture here, because now I only see the biggest fraud ever on this forum gets committed. Till now that crown was held by Solidcoin.

This was expected. BTCe owners have been amassing coins and then adding that coin to the exchange. They are crooks and have been since the start.

It's really sad that this Feathercoin actually pushes people away that do real projects for Litecoin!

This guy does more for Litecoin than any of you Feathercoin guys does for Feathercoin, and he didn't do it for getting rich quick.
Great that your greed affects the whole community, hope you guys are really proud of yourself!

Well said. Coinhoarder is one of my mining idols. Straight shooter who cares about the future of CC, and esp LTC. We're losing a great person/source of info and gaining idiotic children who joined 10 days ago.

It makes me happy.  Watching failure is watching people learn.  It's also a sort of automatic feedback system for putting them in their place, egos and all.  Once they lose almost all of that 46 BTC on a stupid FTC buy order, they've learned a lesson, and will refrain from making future stupid bets on brand new cryptocurrencies.

I'm rather against government authorities using their power for protecting people from their own stupidity.  Government should only be using their power for protecting people from other people's stupidity.  And those speaking out against putting alt-coins on exchanges that seem like pump n dump schemes remind me very much of the government when it makes laws that try to protect people from their own stupidity.

QFT. I don't believe in many of the companies on the stock market I invest it, but if I can make money off of them then I'll invest in the short run.  Where will FTC, CHC, etc.. go? Probably no-where, but I don't mind making some money and being along for the ride.

Overall I'll stick with BTC and LTC since I believe they will stick around for awhile and make a difference in the market of things, awesome for payments and holding.  No reason to get upset about other coins though.

Crypt Currency just is what it is -

its an amazing experiment in a very very close to free market.

I can't believe what is happening !!! people is buying this shit , you know the funny thing that this coin got 1 FTC= 1 BTC as hight today just when BTC-e add it .


I am not trying to disrespect anyone here , but are people this stupid !!!! it really makes me think about the hole thing here.  if it is going to be like this I will point some of my rigs to some feathercoin pool mine the shit out of it and sell it to these idiots for some profit as long as they are willing to pay . I do not care for the fucking coin. let me make some decent profit. pump it and dump it .


and  I am so surprised LTC network went from 14,500,000 kh/s to 10,847,767 kh/s .

can't post much now as I'm on my phone. I'm done with BTC-E. I can hold my ltc until it his gox. I'll be withdrawing all my funds as soon as I can from BTC-E. Will post more later.

lol you don't understand how a free market works.

I guess it's similar to people who don't understand how a painting is valued at $20,000,000. It is called supply and demand, perceived value etc.

no I do understand how free market works, I just do not understand why someone paid 1 BTC to buy 1 FTC, was he so happy that he just threw that BTC, well I wish if I've got that BTC, if some idiots are willing to pay that much for some shitty coin well ok than pump the shit out of it and let the later adopters lose all their money .

EGGS-ACT-LEE!!!!

This is a beautiful thing.  This is the free market at its finest.  A survival of the fittest.  Lean competitive species that become complacent will be overtaken by others that adapt.  A seething ocean of cryptocurrencies that are competing with each other adding features both advantageous and worthless come and go.  Over time the ones that prevail are the ones that have stayed competitive and have endured, through luck, through timing, and through the right set of features.

Anyone who was thinking that you can just build one coin to rule them all probably has a predisposition to work at a central bank.  Life (evolution) is hard.  Cryptocurrencies are still evolving, its a pool of primordial ooze right now and it will be several years before they mature enough to supplant physical currencies.  Its not that it won't happen, I think that there is a preconceived ideological notion that it would happen in a couple years.

Its not useless, this is great and amazing, this is how the computer industry was in the beginning, it wasn't all IBM and Apple, it was hundred of upstart compatibles that tried to outdo each other in the 70 and into the 90s.  It wasn't until the 90s that a few big names dominated.  But they really dominated. 

Cryptos are evolving and they will be worth a fortune a thousand times in a decade or two decades than what they are now.  They have to go through these growing pains.

If anyone feels like having a huff because their feeling are hurt that they didn't pick the right pony at the right time well... ....that is life  .. that is evolution.

most rational post you've ever had. congrats on achieving enlightenment CH.

 wow I was a feathercoin supporter but now I just see it as a pump and dump. I bet the early miners know it has no real future and are just becoming millionaires off it by cashing out now and moving on. How could it be valued so high when no one uses it to actually buy and sell stuff and its only one week old? alt-coins have turned into merely get-rich-quick schemes instead of being actual attempts to create a currency. Sad.

I am just extremely skecptical that this coin was listed without some serious "favor," e.g. "a donation" from the developers of FTC.

There is just NO WAY that this coin has a widespread enough acceptance to make it onto BCT-e by popular demand already.

This swarm of alts just doesnt sit right with me, I do think we need an array of coins but we need innovative ones, not copy/paste pump-n-dumps.

BTC-E is free to add any coin they want. It's a free market.

Note, btc-e used to have two other coins which they have removed.

Also, you can't say this was a bad decision for btc-e.  They're making lots of money off of the tx fees.

LMAO there's a buy order 90 BTC for FTC at .004

Someone is going to be 10 thousand richer in a minute.

In order to support Bitcoin we need some alt-coins to act as get rich quick. Where do you think the money to buy expensive mining equipment comes from? It comes from mining. Miners have to get rich to buy ASICS.

At being said once you have plenty of mining equipment why would you have to stop at mining feathercoin? Now you're free to mine more types of coins. But for now the purpose of feathercoin is to help miners profit enough to afford ASICs in the near future. It's a pump and dump coin and I actually hate the design of it (400 million coins is just stupid), but I also understand it has to exist as a response to ASICS.

When people were making ASICS in such limited quantities they knew that $9000-10,000 for a device means people will have to basically get rich in order to keep mining. Feathercoin easily is making people $3000 a month.



This is how miners will have to make money in the world of ASICS. I don't particularly like that I'll have to mine feathercoins because LTC isn't profitable but any smart miner will mine what is profitable to be able to save to afford the ASICs.

BTC-E was right to add feathercoin at this time even if its a pump and dump coin. Pump and dump coins have a place. The place is to make mining profitable enough so people don't quit mining altogether. The purpose that it must be profitable is because mining is becoming more expensive with ASICS.

Everyone saw this coming and as a trend it's going to get worse because of ASICS. ASICS are hard to find, hard to buy, cost as much as a car ($10,000-20,000), where are people supposed to just get that kind of money? OH I know, mine feathercoins for a few months.

Of course it was a coordinated effort, it's the same thing they did with rucoin in 2011.
https://bitcointalk.org/index.php?topic=48582.0

I must say this kind of action speaks to the low emphasis on long-term credibility that this exchange has and a low concern for customers if they are willing to expose them to such volatility purely to fleece them for transaction fees.  I think some minimum level of responsible gate-keeping should be practiced by service providers of all kinds to prevent the whole crypto-coin environment from being tarnished by unstable and possibly fraudulent activity, unfortunately none do, the attitude is completely mercenary and "get rich" even amongst entities that should have long-term perspectives, the whole culture is rotten to the core.

I think you just described Wall Street.

I think everyone's just mad because they could have made $1000's of USD if they'd just mined Feathercoin instead of posting bad things about it.

Not everybody here wants dollars  ::)

Why?  If customers WANT to trade with a particular coin, why not let them?  Obviously, they know the risks, they know it is most likely a pump n dump, but they want to participate, so why not let them?  I just don't understand this sentiment of protecting stupid people from themselves.  If people want to be stupid, and don't harm anyone else in the process, let them be stupid!

So why don't you straight ask Bushstar instead of posting this nonsense? Have you got any evidence of pre-mine? FTC was traded on Vircurex a day before BTC-e.

FTC can either be a biggest fail or a biggest win. It has achieved already over 4GH/s while LTC has plummeted to 9GH/s. The difficulty is rising strong. In the long run FTC can survive either if it prevails over LTC which is unlikely though possible or if it adopts new features into the protocol like PoS from PPC and quick difficulty retargeting from TRC. We'll see.

Looking at this forum FC is very popular lately. They did the right thing adding it.  If it tanks, they can remove it.

Well put  :). Most software is developed and released in increments and I guess Litecoin could be seen as a new version of Bitcoin.

I guess that it would be a good idea for someone new to the crypto currencie space to have a look at this list https://en.bitcoin.it/wiki/List_of_alternative_cryptocurrencies#dead_.2F_dying (https://en.bitcoin.it/wiki/List_of_alternative_cryptocurrencies#dead_.2F_dying). The only thing I am saying here is that we have seen many coins come and I think there will be so many more to come. The risk reward ratio for creating a new coin is so good, that people can not seem to help themselves mining or buying into them.

Then again, some of the new coins do introduce new features that makes them better qualified in the minds of people. Perhaps these alts could be thought of as mutating bacteria. There are a lot of them and as the number of dead coins pile up, perhaps new coin creators will be forced to really think outside of the box and perhaps by shear coincidence some of this new features will actually make some of them survive a little longer (because people have more belief in them). Eventually new coins emerges and perhaps one day even Bitcoin itself will be challenged.

One thing that is still an unknown is what will happen when new bitcoins can not be minted by miners. Nobody knows for sure what will happen then. So in my opinion bitcoin is much of an alt as anything else, in the sense that we can not possibly know if bitcoins are the greatest "pump n dump" of them all so to speak.

I am not so afraid of alt coins and whether or not they will damage the reputation of Bitcoin or not. Most people have never heard of Bitcoin and even less so ChickenCoin. However, I would encourage everyone who creates new alt coins to add something of value to their new coins - I mean think how amazingly rich you would become if you created a new coin that replaced Bitcoin. Wouldnt that be something?

BTC-E follows Vircurex, it seems

That's expected by 2021 if not sooner. 6.25 BTC per block + transaction fees may not be enough reward for miners to maintain the network. No motivation to increase hashpower either, it might even decrease. The cost of a 51% attack over a short period of time could be affordable. A single attack won't destroy the network for sure, but repeated attacks may do. Anyway, they would have a very serious effect on the currency exchange rates and reputation. As for people behind those attacks, they could make good profits.

I think you will find that the programmers know quite well how it will progress, and you can learn too, it's open source, learn the algorithms. Remember the number of coins per block halves ever 4 years, and the rate of block creation is 10min target, so grab your spreadsheet and work out when 21million coins will be reached.

That's isn't what he meant. Yes, that's how coins will stop being mined. But what will the average block pay in total transaction fees at that time? Will hash power go up/down? Will tx fees be so low, hash drops so far that 51% attacks being too easy to secure the network? Questions like that are open ended.

Alt coins aren't the problem copycats are. When are we expecting a 2.0 (or at leat 1.5) coin coming? I'm sure that are lots of guys working on it.