Bitcoin Forum

Economy => Service Discussion => Topic started by: adpinbr on June 20, 2013, 07:04:22 PM



Title: Why did flexcoin fail?
Post by: adpinbr on June 20, 2013, 07:04:22 PM
Why does flexcoin suck? it was a great idea. how come it didnt catch on?


Title: Re: Why did flexcoin fail?
Post by: nimda on June 20, 2013, 07:10:20 PM
High fees
Cannot generate multiple addresses
Cannot access privkeys
No API access
Not trustworthy for large amounts
Have to pay extra for security

Etc, etc


Title: Re: Why did flexcoin fail?
Post by: adpinbr on June 20, 2013, 07:12:28 PM
High fees
Cannot generate multiple addresses
Cannot access privkeys
No API access
Not trustworthy for large amounts
Have to pay extra for security

Etc, etc

The interest is BS and so are the fees. But do you agree that the custom names and fre FC to FC transactions are useful?


Title: Re: Why did flexcoin fail?
Post by: nimda on June 20, 2013, 07:19:23 PM
High fees
Cannot generate multiple addresses
Cannot access privkeys
No API access
Not trustworthy for large amounts
Have to pay extra for security

Etc, etc

The interest is BS and so are the fees. But do you agree that the custom names and fre FC to FC transactions are useful?
Certainly. However, for fc-fc payments to be useful, most people need to use fc. Network effect, bootstrapping problem, etc etc.

Custom names are prone to squatting.