Bitcoin Forum

https://www.youtube.com/watch?v=fxl942dFhn0

"Overview (posted at forum.feathercoin.com)

With Litecoin heading to Mt.Gox (looks like this time it's actually going to happen), there's going to be a new top tier of "alt" coins.  As we are all aware, Feathercoin is one of the ones leading that category.  With the creation of endless coins (without any support) flooding the market, Feathercoin is taking a proactive stance.   While Bushstar is working his #$@# off on development, I happily shoulder the responsibility of adding value and exposure to the coin.

The Coming Weeks

In the coming weeks, you'll see announcements of strategic partnerships with other top tier coins.  Nothing will change in terms community development, direction of the coin or even mining.  I want to make that very clear upfront.  The goal is protect the and promote the top coins while sharing resources. Looking at some of your logos, looks like you already support the same coins. :)

Examples

Here's a few examples of how this partnership could work:

Let's assume there's 3 coins in this agreement (Coin A, B, C)

1. Coin A develops a gaming platform. They invite Coin B and Coin C to have tables in their platform exclusively.

2. Coin C develops a press release concerning X.  Coin C mentions Coin A and B while the other coins do something similar.

3. All 3 coins have giveaways for larger prize pools

4. Coin A needs help finishing a project. Coin B and Coin C offer development resources knowing Coin A will do the same in the future.

5. Coin B is being attacked by 'cool kids' in the forums with FUD.  Coin A forum member notices and either stands up or notifies someone.  We now have eyes everywhere.

6. (Added: June 23) All 3 coins could sell alt coin packs (BTC/LTC), these packs would include the 3 coin types. Those that sold the coin, would then buy back into their own coin.

Etc..

We Still Maintain Doing Our Own Thing

We still do our own push, our own promotion, our own development... but we work to provide resources for those that are willing to do the same.

You Want To See FTC Value

We're still just chit chatting, but it's coming.  You know I've talked about building bridges from the beginning. When Yacoin happened to produce a very similar website.. I didn't go bashing them in the forums.  I contacted their leaders, asked how we could assist them in developing a new one. We built mutual respect between our communities.

You want value, I get it. This is how we protect our investment, we start acting like the market leaders in the true alts."

Thats good news. Wonder which coin are those.

Heeeey, great news everyone !

I am pleased to announce MarketingCoin (MC) , the only coin you will ever need. It is a successful combination of three TOP TIER ALTCOINS :

- FEATHERCOIN
- SECRETCOIN A
- SECRETCOIN B

Well , now here is the biggest CHANGE to a Coin ever : To find out which are the secret coins , you have to buy some MC for BTC/LTC (because nobody wants Feathercoins at the moment).

Sounds FUCKING PHANTASTI(S)C(H).

Buy 100 MC for 10 LTC and our brilliant marketing Team will send you a flyer containing instructions on how to buy the information for SECRETCOIN A.

OFFER LIMITED.


Fineprint : MC is premined and the blockchain is a piece of paper on my desk. And sending me any Coins will get you nothing but the feeling of wasting your money, full Feathercoin-experience.

I got a good laugh out of the response, kudos to you.  If I had a gold star, it would be yours in a heartbeat!

There will be natural-lite, beer bong, sup bro, college freshman, smart #ss  segments of the community we'll never reach, that's fine. Feathercoin is probably not the right fit, I'll have to live with that. :) For those who are interested in a different type of discussion, we welcome you to learn about our community.

We are a participation grassroots style community, feel free to stop on by and see if anything grabs your attention. While hostility is fairly common among crypto related boards, we take a different approach. 

John

I noticed a 'cute' pre-mine comment. I already addressed that lie here:

http://www.youtube.com/watch?v=mT8V98NxjLk (Credit: JustaBitofTime)

http://i1061.photobucket.com/albums/t467/TuckFheman/FTCnotpremined_zps1e801843.jpg (Credit: Tuck Fheman)


What do the kids say again? Oh yeah...... Boom. :)

Back to the announcement at hand. We're excited about working with these other coins to provide a better customer experience.

Great news! Looking forward to more info.

These guys are putting a lot of effort in the coin. Prepare to be amazed the coming period.

Really great news, gonna be awesome!

I am sure Phenix is one of them.

Good to hear! Cant wait to see what is produced.

This is an interesting concept to attempt to implement.

Worth a try.

Hopefully this coin crashes and burns, 40% of current supply was mined first day.

I know Phenix already uses/accepts FTC on some of their platforms. Wishful thinking but it would be cool to see some kind of PXC/FTC merge mine ability in the future too.

How about doing a new video on how FTC was 51% attacked 3 times, forked, had thousands of coins stolen, and then afterwards was heavily manipulated and artificially overvalued by a few individuals.

I was a big FTC supporter previously but do not trust it after what went on.

FeatherCoin Network Alert: Please upgrade your Litecoin Wallet!

Lol that's been fixed if you've updated to the latest client :P

I'm sorry you feel that way. You do realize that if Litecoin lost its hash, it would be vulnerable to the same attacks. We are working on the advanced checkpoint system which has been heavily debated in the forum. All I can do is what I can do.. I'm not a massive coin holder, I just started mining less than 2 weeks ago, and volunteer more hours than I care to even think about.

Thank you for the feedback.

*Bing!*

You forgot to mention all the other coins that had the same alert.  We noticed it, immediately responded and put out a new client.

Thanks for your interest in replying to the thread.

;)

I'm glad you mentioned this, I have a Litecoin comparison video to address this very statement. I appreciate you reminding to finish producing it.  With Bitcoin at an all time high, miners sitting around the forums like vultures, the amount of mining behind Feathercoin was quite reasonable.

Again, video to come. :)

^ lol. it took 6 weeks for 2 million Litecoins to be produced. 2 million feathercoins were produced in the first 7 hours. No shitty video can explain that difference.


It didn't happen to digitalcoin.

Feathercoin is too similar to Litecoin to ever be very successful. It's always going to stand in Litecoin's shadow... and even if Feathercoin does successfully innovate, Litecoin can just apply the same idea with it's superior devs and community support.

Feathercoin going on mtgox is also a pipedream. There is no hope in hell mtgox would start trading a coin which was successfully 51% attacked recently, it would be a PR disaster if feathercoin got 51% attacked whilst mtgox was trading them and it would cost them dearly. Maybe it would happen one day, years from now... but I would bet within a year it's value is under 1 cent a coin.

Great to hear your opinion, even with the annoying red text. Shitty this, crap that.. did i somehow end up in a 3rd tier frat house?

You had a few interesting arguments concerning Litecoin dev team, unfortunately, I lost interest when I felt like I was reading something from 4chan.  Again, great to see the passion, thanks for the interest in making your point. :)

I am concerned because the alert issue shows how close to litecoin your source actually is.  It's easy to go in after the fact and make changes when you are aware of the problem, but understanding what is going on in the clients should be your job.

Noted.

It's not an opinion. 2 million litecoins were produced in the first 6 weeks. 2 million feathercoins were made in the first 7 hours. Those are facts.

The numbers speak for themselves. Feathercoin had a terrible release.

http://cryptometer.org/litecoin_90_day_charts.html

Litecoin's first 90 days total supply chart shows 500,000 created in two days and a relatively constant amount created afterwards.

http://cryptometer.org/feathercoin_90_day_charts.html

Feathercoin had 2.9 Million created on day one or 37% of the current supply of coins.

http://cryptometer.org/digitalcoin_90_day_charts.html

Compare that to digitalcoin's release and the difference is astonishing.

The same critisism you give here was already given in the LTC announcement thread . LTC was simply copy-paste etc etc.  Look where the coin is now.

You seem to leave out the following:

- FTC has 4x the amount of coins

- FTC was released when Bitcoin was at it's height in price

- FTC was released when miners were circling around alt currency looking to mine

- There is nothing wrong with allowing people the ability to choose. Simple.

There was no pre-mine, already shot the kids down on that one. So basically, your argument is centered around controlling the actions of others? People chose to mine, I don't see your issue.

More importantly, typical of this section, we're off topic.   We're looking forward to working with our partners.

SMH all these things being done for feathercoin could have been done for Litecoin.

Yup, you make videos to earn money from FTC "developer", who are paying PR of the coin.

You can make as many videos as you want, you can't change that fact. If others were worse (which were not), that does not excuse your coin. Its like saying Hitler was a saint because less people died because of him than because of Mao or Stalin.



40% of current supply mined in 1 day. GOOD JOB EARNING $$$ that were scammed by developers.

LTC is different enough from Bitcoin to warrant interest. A different hash algorithm which is expensive to calculate with an ASIC and signigicantly faster transaction times. This gave miners reasons to believe in it and it quickly became the number 2 cryptocurrency, which in itself is another reason to believe in it repeating Bitcoin's success.

How is FTC different enough from Litecoin to warrant interest? Also bear in mind with your answer the current cyprocurrency climate with new coins popping up daily, compared to when Litecoin was launched and slowly gained attention.

Oh guys, he is right.

It wasn't premine. It was a SCAM!

You won't convince anybody FTC is worth any fiat just because you decide it.
We should create a group and 51% FTC until you stop with this marketing bullshit and come up with some real innovation.

Mentioning pre-mine is a false argument, I don't even talk about that. You can't prove or logically argue why Bitcoin being $260 caused the 3 million feathercoins being produced on day 1. And I never said there is *anything* wrong with allowing people to mine. Good job again addressing something else I didn't even mention.

2 million litecoins were produced in the first 6 weeks. 2 million feathercoins were made in the first 7 hours. The reasons *why* this occurred are largely irrelevant it's the fact it *has* occurred is the problem.

Litecoin wasn't the first to utilize scrypt. I don't quite understand the love affair, but hey, I respect the opinion.

Re-read the first few pages of the Litecoin launch. Do the criticisms look familiar?

Also, there was managed pump&dump where FTC forum members were encouraged to troll on btc-e to hype up the price, at the same time as there was 51% attack going on. There is reasonable chance it was inside job where 51% attack just served as protection for buy walls that were in place to increase demand.

Good job scammers!

The Litecoin Project does not do shameless self-promotion and pumping of its value because we feel it would be improper to do so.  The ONLY role of the reference project is to protect the security and stability of the network.  The reference project must also never endorse or be unduly influenced by any vendor as it would create unnecessary drama from the perception of conflict of interest.  If the coin is properly maintained by a trusted team of professional developers such that the network is stable and dependable, then others may trust it and build things on top of it.

I know it wasn't the first, I am talking about why Litecoin is different to Bitcoin. That is what I was addressing. Saying Feathercoin is going through the same phase Litecoin went though makes no sense at all, for the reasons detailed in my post.

+1.

Wtogami is the Litecoin lead developer for the newest version.

"you can't prove or logically argue "

Really? Bitcoin at $260 didn't add additional interest to all alt currencies? Look, you can hate Feathercoin, but this statement is absolutely ridiculous.

It's a problem that the free market decided to mine? Wow.

The passion here is novel but often misdirected.

The amount of hate toward open source and free markets is amazing. Keep spitting the venom, that will certainly attract JoeUser investor to the crypto world. Anyway, we're looking forward to the partnership.

There is more interest than ever in alt currencies, that didn't stop Digitalcoin having a fair launch. The money supply graph of digital coin is a straight line all the way. Not a huge spike on day 1 of coins.

And because the free market raped feathercoin and mined 3 million of them in 1 day doesn't change the fact it's still a major discredit to the 'currency'. Especially when it's based on Litecoin which took weeks and weeks to hit 2 million.

It's true. It's a premine of an insidious type. The first to jump on mine a crap load of coins while everyone else deals with an artificial scarcity. It's unfair plain and simple. If you wanted to premine it, just premine it. Don't fake-premine it. 2 million coins in the first few days is unacceptable.

With whom?

You guys truly make me smile. You keep changing definitions to match your argument. Fake pre-mine? Give it a rest. Bushstar released it, some people jumped on it, some didn't.  My PMs here show that I didn't get involved until days later buying from people like Cyber and XorXor with LTC.

Nothing stopped others from mining. I don't understand how this generation lacks the capacity to understand basic free market ideas.

It was fun 'debating' with the old school members here. We obviously have a very different idea of free market and community. I'll keep you guys in my thoughts as we continue to push forward. :) Cheers.

Lets make bets on the winning trio  :)!

FTC/PXC/YAC looks like a good choice. An FTC/PXC/BTG or BTB would be even better.

Top tier coins... Well we only have four; Bitcoin, Litecoin, Namecoin and ppcoin.

People use the term 'premine' because it's easier than explaining what actually went down, which was an unfair distribution of coins.

I always found it amusing that FTC was claimed to take after LTC because the dev was enamored with what the LTC devs had done with their coin, but FTC actually is different from LTC in one crucial way.

LTC focused on a fair to everyone launch where the miners had plenty of time to see the post and prepare their miners. Let's not forget that GPU mining didn't exist at the time for scrypt, and despite that, FTC starting difficulty remained the same.

TRC?

Well..... who knows......

I'd say real "top tier" is BTC, LTC, NMC, PPC, TRC, NVC, FTC.

Fuck, I mean basically if you include FTC from BTC-e, you may as well include the rest. Except for CNC. Nobody wants to team up with that shitcoin. Even though it made me 1000% profit  ::)

I usually shrug off any comments like these I see, but I absolutely love how you guys have such a bone to pick that you have to hijack an update thread. Justabitoftime isn't even trying to promote the coin here so much as he is just letting people know of something NEW happening in the crypto community. You want something new? Here it is and you guys STILL don't like it. Anyways figured I'd point out some of your broad misconceptions.

1. An unannounced release? Yes. Unfair? No, that's in the eye of the person discussing it. To be honest most people working the hardest on the coin are people with low hash rates, as in 2mh/s or less, including the developer Peter. Most of them bought into the coin rather than mined it, so what's unfair about that?J They bought their coins... all the others dumped it already. As an FYI, justabitoftime, who you speak with here, bought pretty much all the coins he has and has only started making his own rigs to mine last week and now has I think his second rig built.

2. You say they're paid... no they're not. I may not be that active with posting, but I've been with Feathercoin from the start, and whether you care about my knowledge or not the people working on it ARE NOT PAID by ANYONE. Yes, some may get small donations from other members for their time and effort, but that's it. Justabit, who's kind enough, actually buys coins with fiat to reward people for helping out. He doesn't have to, and you make think it's a bribe, but hey that's just your opinion.

3. Yes, it's admitted that Feathercoin, at the moment, is not that much different from Litecoin. That doesn't mean it won't be different. Peter and many VOLUNTEERS are working hard to come up with stuff for Feathercoin. Could Feathercoin have been released with new features from the start? Possibly, but in a year down the road or less, people won't be considering Feathercoin as a copycat if they're new to cryptos because of all the differences it'll have by then. Besides, it's a community managed coin, so only rightly so all the differences between Litecoin and Feathercoin be discussed and suggested by its users. Who knows what better to be in a coin than those who use it? And don't bash our volunteer programmers for not working on Litecoin to help it become better, if they wanted to, they would've. And honestly many people work hard in the community because they're fueled by your rage and negativity. You give them more of a reason to make it better than you can imagine just to make you lose out for bashing it.

4. Feathercoin's community didn't decide its value. Actually its value was HIGHER before the community even started. Sad I know, but goes to show we don't control its value.

5. Our community didn't hype the troll box. People from our community were there to clear any stupid FUD you guys come up with, that's all. Did some of them maybe say some "FTC to da mooooon!" crap? Maybe, but then again every damn coin there has its people saying that. In addition, I was in the troll box myself watching what people said over the weeks and let me tell you, a lot of people saying that initially were not yet part of the Feathercoin community. And yes, I'm not just saying that because I saw them sign up in the forums eventually AFTER I had seen them do their hyping, so please prove to me I'm wrong.

I love how you all bash people for supporting Feathercoin... at least they're DOING something for the coin they support. That speaks more than all of you people with nothing to do but bash other coins. Are you helping your coins grow? No, you just make its community look like shit by talking shit. You support your coin, we'll support ours. If you come to want to support Feathercoin too, more power to you and welcome. If you don't like it, well no one's forcing it on you. News is news, which is what this thread is. Props to the coins who want to work with others coins because the more there are the stronger they stand.

There's room for more than one coin. Are coins spewed out as pump and dumps bad? Yes, because no one does anything to them to support it or cryptos in general and it diminishes the value and respect of real ones. But those supported deserve more respect than that. Work is work no matter what kind of work it is and do tell me if the Feathercoin community isn't working its hardest for it. To me, effort helping the underdog is more  respectful than standing under a giant and squishing people around you. I support Feathercoin, I support Phenixcoin, but I also support Bitcoin and Litecoin. I don't bash you for supporting them, stop bashing us for what we support.

FTC community is classy as fuck. And actually hard working (or at least give off the appearance). Great stronghold of FTC.

I figure I should chime in. Now that Litecoin is almost 2 years old, most people don't know or have forgotten how much effort I put in to make sure that the Litecoin launch was fair. I think that's one of the main reasons why Litecoin succeeded and why most of these recent alt coins will fail.

See the chart for the first week of Litecoin? http://cryptometer.org/litecoin_90_day_charts.html
Notice the days between the first 2 blocks and the 3rd block? Looks strange and none of the other alt coins have this. This is because I mined the genesis block and another block to confirm it, and then released the source code and binaries. People had almost a week to look over the source code and mine some Litecoin testnet coins to make sure the everything works. And they can decide whether or not they wanted to mine Litecoin from the start. Then at the community-voted launch date and time, I released the hash for the genesis block and pretty much everyone started mining at the same time.

This is pretty much as fair as I could possibly make it. It's too bad that all these new coins copied the Litecoin code but not the launch process.

Well litecoin is an original coin in it's own right....I understand why the feathercoin clan want's to suggest that it's no different than feathercoin as an "alt coin"....but they've spent so much time trying to convince everybody that feathercoin is so much better a copy...I wonder why they want it both ways.


Ok it's starting to confuse me....

We have the ultimate original bitcoin (and frankly I sold the feathercoins I mined in the first 24 hours the day they hit the exchange for bitcoins. Thank you very much feathercoin creators your coin will always be my favorite historical coin because of the way I cashed in bigger than ever before).
We have a original coin in litecoin; but, still a variation of the real original with enough differences to give it redeeming qualities.
We have ppcoin which again has redeeming qualities and is an original in it's own right.

If I've missed one (Namecoin?...it's for a unique purpose...and is a cool idea...screw centralized control for the internet) that actually has any real originality to it and is decentralized I apologize to those about to condemn (I'm sorry for your pain....well if your a troll...not really).

It's easy enough to create 10000 clones of each and I have no doubt that there is 1000000 or more people in the world capable enough to do so if they were so inclined. Come up with a real original idea that you did not steal from another and I'll be impressed.

What's different about FTC is it was the FIRST scrypt LTC clone without innovation! First makes it legit. Everyone knows the first copier is okay.

Then why is it now valued by some at a non zero amount? You guys from day one pumped it as the lighter version of bitcoin, many a time your team as tried to infer to the  public that your coin is in someway endorsed by bitcoin, and thats the only way its ever achieved any percieved value.

+1

Attempting to further cryptocurrency from a technological standpoint ≠ attempting to pump market value.

Your claim as to why the market values LTC is pretty audacious; I've never heard BTC endorsement touted as a reason for it's valuation.

Your kidding right? "without innovation! First makes it legit." .....It's the complete opposite!

Speaking as John, not for Feathercoin, we have a very different idea of free market principles. FTC was not premined, everyone that wanted to participate in mining the coin had an opportunity when it was posted. For those that chose to pass, fantastic.  Personally, I came later to the party. I purchased my FTC from a few of the known members here and decided to contribute to the project after the fact.  

We have quite a few interesting projects in the Feathercoin community, feel free to stop by and say hi. Many of our members also hold Litecoin, I'm one of them.

" think that's one of the main reasons why Litecoin succeeded and why most of these recent alt coins will fail."

We'll have to agree to disagree. As we talk with merchants, that's certainly not the words coming out of their mouths. They want great merchant tools, support and an easy way to provide products to their customers.  Personally, I wish you the best, I'll leave it at that.

John

I started here in March 2013.  I am not fully aware of the history of Litecoin as I wasn't around.  I can guess that some mistakes were made earlier, although you don't point to any particular examples so I don't know.  There were previously a few people who claimed to be Litecoin devs who were either removed for malfeasance or never were Litecoin devs.  In any case, this newly organized team is ratifying the principles of vendor neutrality and has the primary goal of defending the Litecoin network.  Anything outside of that is up to other individuals or companies.

My problem is with the bolded statement. If by everyone, you mean everybody who happened to check the bitcointalk forums in the first 7 hours, then sure.

Early adopters of BTC and LTC have been rewarded not for just being lucky, but because they saw potential and devoted a significant amount of time/effort/energy towards the projects for months (or years). Early Feathercoin adopters have been rewarded for happening to have been in the right place at the right time, on a single day in the year 2013. This is significantly less fair to anybody joining even a day late, and provides poor incentive for further adoption as a currency.

I have no idea what you are talking about. I (or the Litecoin dev team) have never claimed that Litecoin is somehow endorsed by Bitcoin. And the value of Litecoin has nothing to do with whether or not it was endorsed by Bitcoin.

This is the BEST Post-Mined Altcoin because it is the Only One with a Cooperative Attitude where everyone should help each other instead of bashing the other ALT Coins just because we may have more of another coin and want the competition to fail... Why do many people have a ELITE Mindset there is more than enough room for all Cryptocoins to be Traded on the Market Openly... We need to GET AWAY from FIAT Money like USD, CAN, ect and start moving more money to SILVER and GOLD and FTC, LTC, PPC, BTC, Those are the ones that will make it!

Glad someone understands, too many people are "competing" with their coins as opposed to just letting their coin become what it's meant to be; an alternative to fiat.

Actually as the lead developer of PPC I have always been calling for cooperation between altcoin developers, as a larger team in the big picture. I have helped NVC and TRC with their problems before FTC was born.

FTC's community is sort of like those of litecoin's, loud, energetic. Peter has been a good leader. I am actually quite open to possible cooperation with FTC team.

If another coins "true" mission is to be alternative to fiat then it would want the other coins around it to succeed too.Its pretty clear some of these coins do not care if they are an alternative to fiat and are in it just for a quick pump and dump buck.Some of these "other" coins are nothing more then their launch webpage , that never gets updated, no client upgrades(unless other coins make them),No marketplace,No promotion and have moved on to the next pump and dump leaving a webpage as a wasted space, or the next converted pump and dump copy and paste. Now you look at the coins that are trying to promote a alternative to fiat and that are actively working to do better things(Feathercoin,Litecoin,Bitcoin,BBQcoin(reviving the original),and many others.) I hold coins in all those and my favorites are Feathercoins and a newly launched one Bottlecaps(i am a avid Wasteland/Fallout Gamer).Feathercoins=Great community, a marketplace,active goals to be still standing (when the "dust" settles), Bitcoins=Goal of continuing what was built and continuing to fight for the alternative to fiat cause.(do you think court battles and Multiple shutdowns are cheap?),They fighting for a reason--Governments hate these coins in general as they stand to lose their"luxury nest egg" that they have held for so long. So why are these other coins so active on fighting other coins to fail and not be active on why the coins should be aligned together united to fight the fight.No one coin is perfect, just like businesses in real life--not a single one is perfect.And just like in real life, someone will always disagree about something, and that is ok and is your right. I just say be constructive with it at least.

I was here when Litecoin was setup, following the failure of fairbrix and tenebrix, the founder did a tireless job of promoting and updating Litecoin, it isn't here for nothing, a lot of efforts have been put in by the founder

I'm not one for pumping of anything but for the most part I disagree with your implications about feathercoin being shameless and pumping. Taking pride in one's work is not a bad thing in my view.

To say that something should or shouldnt be done in terms of marketing an idea (bitcoin, litecoin, feathercoin) is a matter of opinion not a matter of morals and how right or wrong it is.

Let's keep in mind this is the free market. People can choose to do and say as they want. Warren although I disagree with your implications about feathercoin I respect your view as we are all part of the free market.

Let's keep things in perspective when it comes to what is "improper" or "right" or "wrong".

One more thing, your bolded statement is your opinion on how things should be. Not how everyone believes it should be. Once again, a matter of opinion.

I disagree. This is an argument of numbers.

What if feathercoin used 2 times less coins than litecoin. Then what? Would the implications be different?

The number of coins was announced at launch to be 4 times that of Litecoin.

Arguing about numbers makes your argument look silly.

We have to keep in mind that when litecoin launched there wasnt a mass army of GPU miners for scrypt. There was only CPU mining.

Huge difference and worlds apart to compare them when the playing fields are essentially comparing apples and oranges.


my view is that any coin that outright premines a coin, like TRC for example, is despicable. That is my opinion. Just because TRC uses less coins per block does not change the fact that the coin was premined a ton before release. Yes I was around when it was released. There was about 2 weeks of premining on TRC. So the fact that you support TRC contradicts your views of premining because essentially what you support was premined and not pseudo-premined.

I agree the launch of FTC could have been done in a better way as you did.  :(

Warren was not here at that time. He does need to dig back into the past. But i think he is speaking from the developer's point of view and not the average LTC user.

There was pumping of LTC on more than one occasion. But defining pumping is hard because everyone's definition of it is different.

Who determines what is and isnt artificial about a price?

Bitcoin must have the same thing happen too as well as litecoin.

This is once again a matter of opinion.

Most PM bugs believe that Bitcoin's price is artificially held up.

But is that really true? Not necessarily.

So it is essentially a differing of views.

The free market (all who participate) determines what the price of something should or shouldnt be.

Agreed.  :)

This is what drew me to the FTC forums.

I can speak my mind when I agree or disagree and no one bashes me.

I don't agree with everything FTC devs have done, but then again since when do we all agree on everything?

I'm looking forward, not backwards. Too much drama has ensued on this forum. And yes I have added to it in the past (now i'm "growing up" as SaltySpitoon says).

If you don't like Feathercoin, that is fine. Don't use it. Simple as that.  :)

+1

Now you've started your coin business (good luck by the way), I think we'll lose the old smoothie.

LOL ROFL

Perhaps. Thanks!

Overall looking at this thread it doesn't look like Feathercoin is all that popular.

But I think it has one hope.

Once the difficulty starts getting too high at camp Litecoin, I think you'll get a surge of miners pointing their gear at Feathercoin.

A huge +1

Not one of these coins has put in the effort Coblee did. People dont ralize the launch of the coin is actually matters.

Releasing Source and QT ready to mine at the same time is ludacris. Coblee did it right. Reference this wiki for how to release a coin

https://en.bitcoin.it/wiki/Alt-chain_release_RFC

Okay let's compare them as you force us to.

In the seven hours from Litecoin block three 350,000 LTC were created. Remember that Feathercoin has four times as many coins per block so if we multiple those LTC coins up to be even we get 1.4 million equivalent Litecoins produced against our 2 million.

It is surprising the difference is not more considering how much more hash power there is out there. If you do not believe me then look at the Litecoin block chain from block 3 onwards. Blocks were solved in seconds much like the early Litecoin blocks.

http://explorer.litecoin.net/chain/Litecoin?hi=2018&count=2016

I see no problem in the way that Litecoin started and it has done very well for itself. I am a Litecoin holder and supporter. Bitcoin should not feel threatened by Litecoin and Litecoin should not feel threatened by us. In fact if we did pool resources rather than squabble then more progress would be made for all.

Feathercoin looks to work with whoever is willing regardless of what coins they have in their pocket.

Taking pride in one's work is one thing but this is money.  You are asking people to trust that the devs have things under control. To invest in the feathercoin network, by mining or holding/trading coins. It is clear the devs just copied the ltc code and grepped for a few strings. The developer clearly doesn't know what he is doing, and that should worry anyone involved.

This isn't something people should trust with their money.  This is a marketing ploy.  "Upgrade your feathercoin client to litecoin."

He unknowingly copied the alert key, and his solution was disabling alerts in 0.6.4.2?  With active clients without alerts you make it impossible to reliably alert the network in the future.

Scrypt GPU mining did not exist at LTC launch. This overlooked when making the "X amount of coins were mined in Y amount of time from launch".

I never said Feathercoin was a good/great copy of litecoin.

What I have said is the community has the right focus. That is something you don't see everyday. Just my input. Not like it matters anyway.  ;D

Litecoin fell harder from its start of 0.011BTC to 0.00045btc.

Do the math. These numbers are not any indication of future success or failure.

First three months it went from 0.011btc to 0.0009 btc. Once again do the math.  :D

The problem was people overvaluing new coins for their own short term profit. This has been solved by the proliferation of new coins.

The good news is that Feathercoin is now at a fair price :)

CAlerts are now three years old and come from a Bitcoin that was much less stable than it is now. I see the ability to send and display long custom strings to the user as a security threat. This old CAlert system was over looked and I apologise for that. Going forward we will have a much less intrusive way of informing users of an updated client. The idea is that a client will connect to a JSON feed to see if there is a higher number, if it is it will the user to upgrade and if it is not or it cannot find the site it will remain quiet. There will be no ability to display custom strings.

These numbers dont mean much like that--take a look at this posted on wiki for bitcoin.

1)In late-2011, the exchange rate of the bitcoin crashed from over $30 in June to below $2 in October.
2)On 10 April ***added 2013***, the bitcoin exchange rate dropped from $266 to $76 before returning to $160 within six hours.

this posted on wiki for litecoins:

1)As of 04/28/2013, 1 LTC is worth approximately 4.11 USD or 0.032 BTC.[13][14][dated info] This makes Litecoin the second largest cryptocurrency by value of money supply, with a value of 70,000,000 USD.


now lets look at number 1 for bitcoin : 30 dollars to under 2 in 5 months (93%drop)
2) 266$ to 76$ to 160$ all in 6 hours (VERY volatile day)
today: May 1st 2013 133.86$ to today 103.55 avg at time of this post (23% drop)
and here with litecoin: April 28th 2013 $70 million market value 4.11$ USD
Today litecoin $ 54,562,948 market value 2.88$ USD (Drop of 30% in less then 2 months)

Feather as close to same timeline:April 16th 2013 launched May 1st 0.0055 BTC
today feathercoin $ 751,083 market value 0.089$ USD or 0.00087 BTC (yes a 84% drop)

and there were days for litecoin that saw huge drops but just daily generally.

So for last couple months, coins in general have fallen in value, for that matter the USD has fallen and while feathercoins 84% drop is huge , other coins including bitcoin have had huge % drops as well in their career.

I have coins in all 3 of these and honestly i feel and will continue to feel that these 3 coins are successful to this point. Are they the only ones?--absolutely not! Are they perfect? No . Could they get better ? I would like to believe they can. One thing that i have seen and researched when i first got into these coins is that the prices are very volatile on any given day or time.We could nick pick numbers like this all day long-Would that be productive to these coins ? No. While great numbers are great and high stock prices are always desired for stock holders, that is not the only quality that makes the stock. many other aspects need to be considered.

You do realize bitcoin was ***DDOS*** attacked just last week. And they are on MtGox.
story here:

http://www.coindesk.com/bitcoin-network-recovering-from-ddos-attack/

***edited out 51%*** the attacks were more denial of service, however,they are still absolutely brutal. 51% attacks are extremely costly and difficult to mount... and while important , they are on low on the list of worries currently. There are worse threats currently like network attacks.

I used half of my Bitcoins to change for FTC, I do believe I will have a lot more to gain from this investment.   FTC fly like a bird with feathers :)

Congrats on the 'different' approach you're taking with these alts.

Many ask what's different/innovative when a new coin is launched,
expecting to hear some different variables, but it's not always the case
for innovation - thinking differently can play a big deal!

 ;D

I'm not interested in how you try and dress it up. 2 million feathercoins were produced in the first 7 hours. It took 6 weeks for 2 million litecoins to be produced.

7 hours vs 6 weeks (6 weeks is 1000 hours). The coins have not been distributed fairly. There wasn't even any notice given of the launch.

Bushstar would you like to explain why you made no pre-announcement of the launch? (I guarantee we don't get an honest answer to this question).

Bushstar, why do you think that a centralized solution is better than using the dencentralized message system that is part of Bitcoin already? Having a centralized server for checking for upgrades is bad due to possible ddos and having the server hacked. The alert system works well and is really the only way for me to contact old clients. Some Litecoin users are running 0.5 and aren't on the forums. So there's really no other way for them to be notified of a critical update otherwise. By disabling the alert system without a replacement in place, you are shooting yourself in the foot if in the future you want to contact these clients of a critical security flaw.

It's true that there is a threat of the alert key being leaked and anyone can then send messages to all the clients. But if you look at the code, you will see that satoshi has thought of this already like everything else he's done. You can send a max priority alert that's hardcoded to tell everyone that the alert key has been compromised and that everyone should upgrade. And this alert will override any other alerts.

Your then assuming that bushstar is a zombie who can sit and stare at the client 24/7 to watch if someone has grabbed the alert key and are spamming the users with false information (update your client to this or this and so on).
If someone where able to get the key while he was sleeping, alot of damage could have been done within 8hours beauty sleep. Many may have updated to an walletstealing client and so on...

As of now the only thing bushstar has done is to remove that pesky autospam message which pops up ALL THE TIME. update now, NO, now?, NO, how about now?, NOOOO! ffs

As per now he has only mentioned a centralized server for checking upgrades, he hasnt implemented it. Its called analyzing, and getting feedbacks the community for smart solution. Its this way you get progress.


If you know anything about market research and such, you would know that for every negative person going at ftc theres 10 that are opposit. Same as if it was supposed to be a hardware product, its allways the negative feedback that fills the web.
The ones that are satisfied are just that. satisfied. Just have a look into the ftc forum. You'll have a hard time finding a more dedicated and welcoming society.


Theres just to much trolling going on on the forums/chats to bother with trying to defend it. Better to focus on providing better service/cryptocoin/widere market range. And let the people decide for themself, if they want to back this coin up,
those that are just here to ditch/destroy i have very little respect for.



The message has been on most alt coins, so bushstar is not the onlyone overlooking it, he however is one of the few who within an hour or so of complaining on the forum. temporarly fixed it.
Feathercoin is still in its early states, and yes the code still is pretty similar ltc except the blockrate and some small other features. But have you looked at the planning going on at feathercoin.com forum???
There will be many client updates as the coin matures into something better, its called active development and is an important part of optimilising a product to improve it even better.
The devs thats says that this software is perfect, lets leave it at that is not a very good programmer...

Also regarding beeing able to alert the community about updates and such i do not see a big problem with this, i guess 90% of feathercoin enthusiast are closely monitoring the forum. and the other 10% will be notified in an other way
i have great faith in justabitoftime in this department. What other coin has had such and dedicated PR manager, feathercoin has gotten more publicity in this short time then ltc. Just look at all the radio apperents, ePaper readings and such.
Also the ftc pools have done a great job being on top when important ftc information/51% attack protection has been present.


As for those people complaining about premine, stop the whining. So some lucky bastard mined many coins worth 0^0, its a gamble, this time they struck gold, isnt that the reason we call it mining?.
The coin was not premined, and this has been proven. May the difficulty have been to low? i will say yes, should there been an pre information before launch, yes.
Was the coin profitable to mine several weeks after launch, hell yes. so why bitch, just because you made a bad gamle decision and kept mining some other coin with stable payout, instead of mining something worth zero,
but might one day be worth WAY more.
I however do wish that ftc would have had an better start, but past is the past, time to look ahead. And so far ahead looks really promising.

Im not sure what type of hw bushstar has, but if you look at justabitoftime he has embarracing little (sorry mate ;D), i for one would have really liked if them both had 1mill ftc coin in their wallet, what better motivation to make the coin
reach as high potential as possible?

Sorry for bad english btw...=P
Coblee, also thread carefully, its kinda disrespectfull to ditch other coins and start naging about other devs desition,after they made it... Constructive critisism while developing, great. Beeing a bitch about it after is not that great.
A good programmer is the one that doesnt know it all but are constantly learning,and willing to listen. The one that knows best, he's the dangerouse/unstable one...


im however impressed by the dedication from people trying to ditch the coin in an UPDATE/INFORMATION thread, we ftc supporters must be doing something right to piss of this many people... and YAY i got red text to, did it help?

I'm not criticizing. Just giving constructive cristiscm about the problems with a centralized upgrade notification system. Here are a few more tips...

Use the alertnotify system to email and/or call you (bushstar) when an alert goes out. That way you will be woken up in the middle of the night if your alert key was compromised.

Instead of disabling alerts, just change the alert key from a key I own to a key you own. Litecoin alerts will no longer propagate to those clients because the alerts will be discarded when the signature does not verify. This is just a 1 line code change. If you don't like free form text, then restrict it. Also a very simple change.

I definitely don't think I know it all. What I do know is that satoshi and gavin are extremely smart and have thought of almost everything. A lot of thought has gone into the Bitcoin code but unfortunately most of it is not well documented. So my advice is to spend more time reading and understanding the code. It's definitely helped me a lot.

Digital Coin is an attempt to save the system by changing philosophy. It's not a bad idea, but it depends on a larger "experts only" attitude.


Cognitive dissonance level: AZN.

FeatherCoin successfully innovates.
But Litecoin has superior community and developers.

Please enlighten me how litecoin has superior backing if FeatherCoin successfully innovates. I'd really love to understand this rhetoric. This is the kind of logic that kept Conan O'Brain from getting the Tonight Show. Yes, I went there.


This is just absurd. 51% isn't magical. It takes both infernal rage and opportunity to 51%. The infernal rage has already turned inward.

It seems to be that most of the negative commentary made about Feathercoin are not only selfish but very self-serving individuals. They start off with the usual, it's a scam coin, it was pre-mined, it was 51% attacked, but when you really press them on these points the truth comes to light. It becomes, "you're hurting the value of my BTC/LTC." In many cases I think they're just repeating what they've seen without actual knowing what their talking about or that makes any sense.

In the other hand you have individuals in the community, you would hope would be open to other individuals starting their own coin as they did. Instead they rather add fuel to the fire, predict the death of the coin in short order, and then have the audacity to act like they are offering constructive criticism. If you think so poorly of Feathercoin why would you care how they manage their code? Litecoin of course has its own innovations, but by no means was an original idea. Bitcoin was there first. That alone gives no credibility to those involved with those coins the right to really point at Feathercoin as a "copy cat coin" in a duragatory manner, as instead perhaps a description of its origins.

Concerning the 51% attacks against Feathercoin- I doubt know we'll truly know the motivations of the individuals who did it. Were they in it to profit, or was it more just to embarrass alt coins in general to give more credibility to their coin? Both? I somewhat suspect the latter.

Given the right set of circumstances conceivably any of the coins can be attacked in this manner. Obviously this isn't as plausible in some cases, but it's already been proven that someone can inject some rogue code to make people machines mine for them (as was done by the a former ESEA employee). It's not completely impossible that someone could take control of a large enough group of machines (as they do for DDOS attacks) and turn them into weapons against a crypto-currency, or worse get control enough pools (perhaps MITM or like attacks?). Does this mean we should just abandon the coin because some jerk has nothing better to do? This is why it's such an asinine reason people give for why Feathercoin isn't a good coin. We obviously didn't ask to be attacked, and to a greater extent it was out of the developers' control. Everyone should be working together to help find way around these problems if possible.

The exchanges and many of the Bitcoin and altcoin sites are frequently DDOS'd. These crypto-currencies have no political agenda that I can determine that they are going after. There unfortunately are individuals that have nothing better to do than to make things difficult for others. Especially in the case of site operators who have to shell out additional money in effort to stave off these attacks. There's even that fool posting about how there's intention to 51% attack Litecoin as well. I somewhat doubt his/their ability anytime soon but I digress.

Was the release of Feathercoin perfect? Perhaps not. Does this make it a scam coin? No. Does it make it a pre-mine because people didn't read a post before someone else? This is yet another assertion that is utterly asinine. In all honesty I didn't start mining Feathercoin until 2 months after it was out. Just because there were many many many coins mined before me doesn't phase me. It doesn't mean that I can't benefit from it, and I was attracted to Feathercoin as it's still relatively new and I might be able to contribute to the growth of it.

Again the pre-mine statement is a selfish one. Do you stop and spit on every rich person you meet because they have more than you? Are you really that bad of a human being that you don't have the same or more amount of wealth than the next person you're angry because you have to work a little harder or longer? I'm sorry but you must live an awfully sorry existence.

In picture format:

https://i.imgur.com/mpjzaKm.jpg

@mr_random

Your graphs give such a limited view of the entire picture. You're only showing that coins were mined. Not how they were mined, the difficulty, the hashrates, adoption, the type of hardware that was used. Originally Litecoin could only be mined with CPUs right? Whereas GPU mining was in full effect once Feathercoin came about.

I don't think anyone is really disputing that the Feathercoin launch wasn't absolutely perfect, but just because you didn't hear the first dinner bell, and wasn't the first to belly up to the table doesn't make it a bad thing. There wasn't anything intentionally malicious done, and if you don't like the meal that's on the table, you don't have to eat it.

That is DigitalCoin in the graph not Litecoin. DigitalCoin came out after Feathercoin when GPU mining was in full effect.

This says that certain miners had an advantage.

Not like we haven't ever had that happen. Right now anyone with an ASIC has an advantage.

Anyone who mined LTC in the first 24 hours like I did had an advantage.

The people who mined likely have already cashed out most of their coins.

Me being a non-miner I have bought some FTC, but does that make me a scammer? No.

I see the point being made. But remember when LTC launched there was no army of scrypt GPU miners as there is now.

Let's keep things in perspective.

Fair enough I missed that, however, what were the difficulties, hashrate, etc? You're only showing that they were mined, not how.

Like I've said love it or leave it. You don't even know who have those coins. You're just making a bunch of broad generalizations that someone has more than you do and that's not fair. It doesn't mean you can't still benefit from it. I really don't understand the argument at all.

My simple solution if you dont like feathercoin. Don't use it.

Very simple.

im sorry but if a graph is that perfect of a line across the table then it was a perfect controlled setup because nothing is that straight of a line without some perfection involved.

Get FTC -> USD exchange and it will skyrocket

Here here! I've had that belief all along. Peg it to USD rather than BTC and let it stand on it's own. If it's so bad no one will bother with it, otherwise, as I believe, it'll have value and continue to.

Try again with block count per GPUs already available.

It took litecoin 6 weeks to get 40K blocks. It took feathercoin 6 hours to get 20K blocks.

How long til 40K? we don't know, but I'm willing to bet the last 20K blocks took longer than the first.

Now how many GPUs were available, by comparison. In fact, let's try an experiment:

Who mined Feathercoin? People who saw the announcement. Announcement where? BITCOINTALK, altcoin area.

So we have two groups who would have been interested: Altcoin folks who are active posters. Bitcoin folks who stalk the forums.

Altcoin folks who are active posters got rewarded for their activeness. Deal. With. It.
Bitcoin folks who mined and sold have in doing so forfeited any basis for complaint.

Also, let's ask another question:

How fast did FTC get distributed widely after mining? Remember, the hatetrolls mined and dumped, so again they have no claim because:
1) they mined it out of spite and are in fact the ones complaining
2) they dumped it out of spite and are whining that it didn't die
3) their dumping caused the coin to be FAR more distributed in much less time.
4) egg on face, shoe on head put

Ok so Digital Coin can do a handstand in a shark's mouth. Wow. Really? Perfection is all you have to offer? How about adaptability? How about:

Which coin invited people to CONTRIBUTE?
Which coin has the largest contributor community, not poster count?
Which coin invites people to understand the technology, not just the wallet software?
Which coin is opening their doors to other coins, while the rest bitch and moan?

Which coin allows the largest number of people to influence its future in all areas of development?

Do not troll a troll. :)

Haha that made my day, well put.
I've been mining BTC,LTC,YAC,FTC,BBQ, and the list goes on.
Ive earned money on BTC, LTC and FTC.
FTC is in my opinion the coin that strikes me as something that will become great.
Theres just something about the developers/community that i have not found in any other coin out there.

I've even stopped to look at difficulty/earning pr coins. All my power are directed at FTC and will be as long as im able to pay my electrisity bill with it.
I do not think im the only one who feels this compationate about the coin, and that is in my opinion why it will prevail to become something great :)

Considering what went down in the first seven hours and the fact there was no pre announcement, what of active members of the alt coin community who were asleep or at work/school? Did they not deserve to take part?

There was a pre-announcement.

Even if he had waited 24 hours, someone would have been working, sleeping, golfing, bonking the boss's wife at the time of releasing the client. So unless people want to wait up all night, lolno. It would have made no difference.

Seriously speaking though, how was he to know there would be that much interest? He wanted a fun coin to play with and work on and then the zombies came and wanted all the coffee.

I only got into cryptos the past October... I changed from mining BTC to LTC a day or two before the huge jump in increase. At the time I was mining BTC and changed to LTC, I was only using a 5870 and actually decided to take mining seriously at this point, so I went in made orders to finish machine and make a second (total of 5 cards) after I decided to change course to mine LTC. My luck, LTC went up in price and continued to go up while I waited for my items. I didn't follow the crowd to LTC, I was one of the first and wasn't part of Bitcointalk yet so I had no clue about the different coins or any "hype" that might've been going on. I thought I was one of the few to mine something different and invest in that, but that failed. By the time I got my cards the difficulty jumped several times over and made it much less profitable.

I was awake, I was active, did I make the profit I should've gotten from LTC? No, because timing made everyone jump to it while I was still waiting for my cards, not to mention I only got to mine it at a lower diff for a day or two. So is that fair?  Nope, I was upset about it but I sucked it up and sure as hell didn't go around complaining about it. So all you haters can suck it up too, life's a bitch, it's a fact. It's still minable, it's still going somewhere, take advantage of that and stop whining.

There was a feathercoin pre-announcement to the actual launch?

Link anyone?

FeatherCoin is getting it done! They were at a major Financial Tech conference today. I talked to chrisj (the representative who attended), and he says we caught the attention of some deep pockets (pockets that can buy up a third world country or two). Haters will hate...ignorance will breed ignorance...but those doing real work and creating something of value will have the last laugh.

Was this the UK conference?

Yup

Any videos? Pictures? Articles?

You'll have to ask chrisj, he didn't tell me much more than what I've already said.

Bumping this yet unanswered question, so it doesn't get forgotten about.

"(I guarantee we don't get an honest answer to this question)."

As long as you guarantee it, it must be true. ;) I guess I should be upset since I came into the coin (not through mining) days later. You guys crack me up with this nonsense. The guy releases a coin, has no idea it's going to take off the way it did, some people mine and we're still talking about it.  Imagine if the same energy was spent going after merchants, developing tools and attracting new investors.

Maybe I'm not crypto cool, I'm lost here half the time on this 'it's only fair' nonsense.  Litecoin's release was wonderful, I literally have a slow clap going on as I type. Bushstar didn't follow that path.  Here's the kicker, if you didn't like the release, why bother participating in the conversation? Coins released everyday, find one that interests you personally.  Some people on here treat coin releases like religion. I admit, it's a bit creepy at times.  Just my 00000010 cents.

When I came into Feathercoin, I basically accelerated the process. The history is fairly straightforward:

- I was in BTC-e trollbox listening to yet another 'Fontas Chickun Pump' and someone mentioned Feathercoin
- I wasn't into mining, I just traded with some of the guys on here through the Google Docs Exchange like XorXor and Cyberdyne
- I met a few people through this forum, I liked their ideas about the coin. They didn't fit the classic alt section poster, I felt at home.
- I posted a few grassroots type ideas and got the typical Bitcointalk treatment. You know, "that's gay, that sucks, blah blah"
- Talked with a few people here and they invited me to the official Feathercoin forums
- Decided to contribute a few ideas and it went from there
- Decided to pull in my own resources out of my own pocket. Why? Here's the part I feel many have forgotten (drum roll) the forum made it fun
- I helped organize large grassroots campaigns in the past and had experience in c-level project management..  decided to volunteer some time
- Volunteering 'some' time turned into quite a bit of time



Oh well, there will be people on both sides of the issue, I'm heading back to work. If you don't like the promotion of Feathercoin in the past, you're really going to hate life in the coming weeks. :)  

No, this is quite a different situation. In your scenario you had months to discover LTC and get in on a budding project, and so did anybody else in the crypto scene.

In the case of FTC, the devs were either incompetent or purposefully negligent of precautions they could have taken to give a fair shot to everybody involved, not just the lucky few. Is being an early adopter really about checking a forum and mining in the first 7 hours?

+1 I wasnt a miner of feathercoin, still am not. But i support what the community there is doing. They appear to have the right motives and focus.

Imagine if the court involved in the prosecution of Bernie Madoff had spent the same energy expanding his scheme and attracting new investors!

Great question, I'm here to assist.

http://lmgtfy.com/?q=free+market

Do you also get upset when you purchase your box of Kix cereal and you missed the deadline to have your face on the next box?  Should they warn you next time? :) Anyway, enjoy this debate everyone.   Look for quite a bit of Feathercoin news coming out in the next few weeks. I'll let the rest carry on this discussion.  Miles to go before we sleep.

+1 Do share.

You act like a bunch of coins hadn't already shown fair launch practices years before feathercoin existed. Why couldn't he make a pre announcement or set the difficulty higher for the launch? These ideas are already established in the crypto community.

Not much is going to come of complaining about the past that can't be changed. I dont agree with the launch 100%, but the motives I believe were not malicious.

But carry on.  :)

Its not forgotten, only ignored. And for good reasons.

I understand why bushstar do not bother to answer this question asked by mr_random.

quote:I guarantee we don´t get an honest answer to this question
What kind of childish bullshit line is that. why should he spend time on explaining anything to mr_random(aka trolly)... you have allready made up your mind about ftc, and the devs personally.
He has allready answered this type of question over and over again. Do some research before bluntly accusing people of lying, or question their choices.

Also note people, ftc is NOT ltc. why the hell should ftc follow the same formula for launch/envolvement like ltc.

like bushstar said (ps writing from memory so please dont quote me on this):
i watched the coins beeing out there, it stopped beeing fun to mine and be involved in those coins because i felt they had stopped evolving.
Decided to create my own which should be faster (4x) to mine than ltc, and that would be constantly improved/expanded.

Well the "fun"coin got popular, more people started backing it up. If bushstar knew then how far the coin would go he probably would have had higher start diff and tried to limit the starting mining speed.

The coin was not premined as proved earlier, and everyone had exactly the same chance to get onboard as everyone else. how long should he have been preannouncing it? 8 hour (beauty sleep),1 day?, 1week?, 1month? what about those fishermen thats 3months at sea? that still isnt fair for them is it, or the guy going to afghanistan in 4 days, when the coin doenst get release for a week, then he would be able to mine anything. Seems to me that those people that are upset that they didnt get in quick enough to get an quick mine and dump scheme which they get from so many other coins.

I remember a several weeks after its release i got around 3000ftc with my then 3mhash rig.
Now im barely able to get 600 with my 11mhash rig... the coin was super profitable to mine long after launch, if you had the balls to gamble on it.
I could have mined ltc instead and had a stable income. but i decided to mine something without value at that time. It paid of.

LOL  :D
If you read the post properly you'll discover I asked no question. Just bumped another members' question.

As a holder of FTC myself, I would like this query answered. Or maybe investors are not allowed to ask anything, just keep our heads down and keep quiet.

sorry Buffer_overflow. saw i had taken wrong nick from quote right
after i posted. fixed! :)

all im saying is that if you had listened to one off bushstar's radiointerviews
you would have gotten your answer. its not the first time ive heared the question and
its not the first time it would have been answered ::)

i think the devs are excellent at informing their investors.
just look at the latest posts feathercoin forum regarding cooperation/fusion.
it has even been made a presentation video from justabitoftime...

its the devs responsibility to keep their shareholders/investors in the loop.
but its the investors responsebillity to invest at the right time. and dont bitch about it because something got valuable and they wasnt active on it

OP is giving major psychopath vibes
so this is a warning...do not trust.
Ive known quite a few
lots of hot air, manipulative responses, grand promises, fake caring (no one cares how much time you put into ftc)... seen it all before
Good luck.

While the starting motivations of the project are questionable and I don't really see any advantage of using Feathercoin over Litecoin, short-term (1 - 2 years) I can see the price rising which I feel would be foolish of me to not take advantage of.

The project motivation is fantastic and as I've said in a previous post, feel many GPU miners will get bored of Litecoin (particularly newer arrivals) soon when the difficulty rises and profits are squeezed tighter and tighter. They will naturally look for another scrypt coin to point their hashing power at, and I think Feathercoin will be the one.

I'm also predicting that PPcoin will be a future riser as older slow ASICs become redundant with no resale value, miners will start pointing them at another SHA256 coin instead of Bitcoin.

Of course, no doubt something else will pop up and derail my plans though. Oh well...

my troll vibes are tingling so this is a warning... do not trust
ive known quite a few. lots of hot air, manipulation to destroy/get cheap coins.
seen it all before
Good luck.

EDIT:
yeah i know it was childish of me. but comon!
in an more seriouse reply:
so what you are saing is that unless the coins suffers from passive involvement / low compation/ "not time for it" from the creator/devs. The coin/devs should not be trusted? wheres the sense in you post?

How does one single person affect a crypto-currency to the extent that the coin would die? It's is basically the same as saying that you should not trust Bitcoin because a high-profile user that posts a lot about Bitcoin is very enthusiastic about that coin. I fail to see the connection.

Remember, these coins are nothing more than tokens that happen to be exchangeable very easy and against very low costs. The value in a coin is derived from the community behind that coin. And from that perspective, everyone can make a distinction between Litecoin and Feathercoin themselves.

We are still in major price discovery modus. This applies to all coins, including Bitcoin. However, the idea has been set free and will never go back into the bottle again. From that perspective, the quarrel between coin-factions is rather amusing but highly irrelevant for the broader picture. I would say: become partners instead of adversaries.

dont worry, fail troll is fail.

 ;D

Typical! You have no more arguments as they've all been shot down or responded to, so now you attack the guy on a personal level with absolute bollocks. You are the worst sort of person. Fail troll indeed.

what an "interesting" pile of arguments. Lets talk about the reality of crypto in general. Bitcoin - wonderful idea but more concentration was put on coming up with faster ways to mine it than ways to use it. Litecoin- better implementation of the original idea of crypto but again very little concentration on actually being able to buy something with it.  (before you get your panties in a bunch think from the viewpoint of John Q Public) further similarity between these 2 is their communities. both started out great with ideas and etc but then quickly turned into a troll playground with stagnation of purpose.

I hold all coins. I lost my BTC wallet awhile back and was in some seriously shitty circumstances and asked this community for help. Exactly one person donated 100 btc which allowed me to basically continue to survive. To this person I sent back 1500 BTC immediately upon locating the proper USB stick. This one person who shall remain nameless demonstrated that there is still a potential for an actual community.



Community is the thing i like most about feathercoin. People talk about fair launches and pre-mining and all that other nonsense. the reality is those that are in the know are always more successful than those that are not. That applies to everything in life.


Feathercoin is promising not because of what has been done with it but because of what is going to be done with it. Most people currently on this forum and others were not around for the beginning of bitcoin. It is easy to determine those that were not because they say things like "has no value" and etc. bitcoin had no value and the people who believed in it did so not because of some value based upon fiat but based upon the idea of crypto in general. If it were not for those of us who saw the potential none of these other coins would exist and bitcoin itself would no longer exist.


So before you sit there at your keyboard and argue with eachother about which coin is better think upon the fact that they all have the potential to change the world. Stop basing your arguments upon fiat value as fiat is the largest "scam coin" ever devised by man.


I cannot really form an opinion based upon this partnership announcement because i do not have enough information but if a partnership is done correctly with the proper motivation it could be huge. Here is hoping the motivation is proper. 

Hey when, just wanted to thank you for the insightful post and invite you to join the forums have you haven't already!

Anyways, just wanted to let you know there's additional information regarding the partnership in these links below (one's a video). The coins aren't announced yet, but they're planning a joint announcement, informing all three communities simultaneously.

https://forum.feathercoin.com/index.php?topic=2137.0

https://forum.feathercoin.com/index.php?topic=2273.0

I'm concerned about this joint announcement. The process should be open, transparent and allow for voting. Instead we are getting a small number of 'key people' behind the scenes calling all the shots and deciding to 'partner' coins together. These coins are supposed to be decentralized. Where was the gaining of community consensus? Seems like we are just getting this shoved in our face.

I will be pretty pissed if I wake up tomorrow and find out that a good, honest, fair coin like digitalcoin is being tainted with the feathercoin brand and wrapped up in some kind of 'partnership'. I for one don't want the feathercoin attackers who executed the last 51% attack to be drawn towards digitalcoin. Or for DGC to be associated with the feathercoin failures. And people who mine for their own respective coins should feel the same.

I understand the feathercoin bagholders are desperate to hype up anything to do with feathercoin but this just smells bad to me.

If you dont like it, fork DGC if it 'partners' with FTC. If enough other people agree, your fork will be followed, and therefore your opinion will be of the majority. If not, you will be in the minority.

Gaining the consensus of people who don't do anything? What kind of consensus is that? How is it fair to the people who contribute, to have to make decisions according to the wishes of people who just want to cruise through? A bagholder is someone who wishes to bury his treasure and gain from the work of someone else, sweetheart.

You have it ass backwards. You care about who you associate with, like it's some moral crusade. Wake up, Dorothy because in the real world you have to be able to shake hands with people you might not like. The measure of failure or success is how you deal with reality not how you associate with history.

Voting is what keeps you sedated. Voting is why you have no power or influence. Voting keeps you in board meetings for weeks, while thieves rob your infrastructure. Voting makes you feel like you've done something, when you've accomplished nothing.

There is no centralization. If I wanted to fix a tire, I'd talk to a tire expert. If I wanted to partner with another technology, I would talk to developers. You feel left out because you don't influence anything, but this is by choice.

You are a consumer by choice. You feel squeezed out by people with more initiative than you. You think you should be comfortable as a consumer, because that's what you've been conditioned to think. There is no centralization because in Feathercoin, everyone is encouraged to explore their talents and influence the coin.

You choose to be a bystander. All you want in a coin is just a means of exchange. The problem is reality doesn't care about your expectations. The only way to be secure and successful is to be active.

Here's a place to start: http://programming-motherfucker.com/become.html

Rightly said zero. And to add to that, no brands are mixed with anyone. We're doing what Sunny King does as an individual with other coins (helping them out), but openly as a join community. Every coin is still its individual thing, there won't be any hypothetical merging of anything but shared ideas and thoughts.

The purpose of the whole thing is to help other coins out, not bash them. We're open to constructive criticism with partners, offer assistance in something they might need, give them a footnote in our individual coin's PR actions, and vice versa. Nothing is being branded anything else. The only thing a "regular consumer" would associate the coins for, is hearing about both of them in the same media promotion.

I'm sure many dev's of coins have talked to dev's of other coins asking for help, assistance, or suggestions. Did they inquire the community for a vote to do so? No. This is the same thing, but in an open air environment, where members of each coins' community can also partake in discussion and assistance.

This whole OMFGWTFURNOTMYFRIEND thing is like idiots attacking a soap opera actor for what the character did to their favorite character.

Calm your tits , guys. Without hiring me as a marketing expert , there is no chance for this coin. Give me a call +49030-THISLINEISEXPENSIVE ,then type in per MFC : BECAUSEITISAGERMANPREMIUMNUMBER, then you hear the Feathercoin and Bros Song , produced by ICP ,then i promise to pickup after 5 minutes. And i will tell you which secret coins are partnering up with FTC for real !

P.S.: Feathercoin 4 Lyfe.

I raise legitimate concerns about the lack of transparency and democracy in this partnership process and all I'm getting is zerodrama telling me I have it ass-backwards and that I need to learn how to motherfucking program. I question your intelligence when you say voting does not provide influence and accomplishes nothing.

I find it worrying that the 'key people' can 'finalize' these partnerships with no debate or communication with the respective communities of the coins.

You're going to find people respond with the attitude "I'm off to find a coin where I don't need to be a programmer to have a say".

Vote with your Wallet and your Miners.

pump 'n dump you say?

Voting does not give you a say. Voting takes the freedom to achieve from everyone else. There is a reason people say democracy is the original 51% attack. Voting teaches the second class to be as blood thirsty as the ones on top.


It's not a corporation making deals in a dark lair. Partnership means we are willing to help them succeed when they are attacked because hashes are hashes and coins are just brand names for hashes.


You want to have a say in something you don't actually use or contribute to. You want the rest of the community to wait for you to make up your mind simply because you hold coins.

You're intentionally misconstruing here.

Reality decides how you have a say. I can program, I have a say. Someone else can draw, they have a say. Someone else can make jokes, they have a say. Voting is a worthless placebo.

My contribution IS MY SAY. If I want to have a feature in the code, I code it. If I want to have a contest, I open a thread. If I want to make a bet on a sports game, I open a thread.

IT IS THAT EASY. No voting necessary.

The reason I said learn to program, is because you are choosing not to learn. Anyone can learn to program, draw, entertain, some are more efficient at it. Adapt to reality rather than use crutches like voting.

I can't program and I can't draw but, I have a say in what is going on because I put a lot of effort and time into Feathercoin. Those that put in the time and effort have a say. It is as simple as that.

So far, the only people to complain are the people that hate Feathercoin. This suggests that the people who hate Feathercoin fear what this partnership might be capable of.

You aren't alive anywhere like you're alive at fight club.... Fight club isn't about winning or losing fights.  Fight club isn't about words.  You see a guy come to fight club for the first time, and his ass is a loaf of white bread.  You see this same guy here six months later, and he looks carved out of wood.  This guy trusts himself to handle anything.  There's grunting and noise at fight club like at the gym, but fight club isn't about looking good.  There's hysterical shouting in tongues like at church, and when you wake up Sunday afternoon you feel saved.  ~Chuck Palahniuk, Fight Club, Chapter 6

Personally I don't care how cool the people using the same money as me are, I care about being able to use my money to buy things.  Either now or in the future.  The developer clearly has no respect for that, because he lacks the technical ability to ensure that outcome.

Great news for phenix   Better get to mining

this is based on what now?

So I updated my Litecoin QT but my Feather coin QT is still telling me "out of sync" and is not updating.

Any thoughts?

Edit: never mind, it updated. But it still wants me to update my Litecoin (re-update?)]

I have tried Feathercoin it is syncing nicely.   Can it be your network?

if (zerodramahasposted=True)
  {
  ambiguous=False;
  }