Bitcoin Forum

Footy Cash (FOOT) has seen a meteoric rise in valuation for the past month; with a price increase of more than 5000%+ on multiple exchanges.

https://www.cryptopia.co.nz/Exchange/?market=FOOT_BTC#

https://bitcointalk.org/index.php?topic=1374929.0

I think the reason being is that:

1. Footy has Rarity - Only 4 million coins total can exist.  There is a small POS inflation rate - about 3% annually (for staked coins only).
How many of you can say like the Winklevoss twins - that you own whole percentages of a cryptocurrency.  
Looking the current price of FootyCash you actually might be able to!

2. Footy is the first Fantasy Sports Crypotocurrency ever made. - Footy is the Bitcoin of Fantasy Sports!

3. Fantasy Sports is a multi-billion dollar industry - with tens of billions of dollars in annual revenue just for Fantasy Football alone!  If you count all the illegal gambling the figure goes much higher - maybe hundreds of billions? (not that I am condoning illegal gambling - but it's a fact of reality that must be considered anyway).

4. Coinmarketcap list just under 900 altcoins; of those listed only a  small percentage of altcoins have a cap of less than 4 million total coin.  Every coin on coinmarketcap with a rarity of less than 7 million total coins produced are all worth more than $2.00 USD - with the exception of Dreamcoin (because of YOBIT) and FOOTY CASH (which is currently undergoing a price correction: 5000% increase in the past month alone.)

5. The coin was greatly undervalued because of unawareness of the Footy cryptocurrency and Fantasy Sports as well.  As more and more people become aware of its value the price will continue to rise. The price may go higher than $10.00 USD per coin before the end of the year!

6. FootyCash has a great developer, active development, and the best community support!

7. FootyCash has a promising roadmap and is currently developing Masternodes and Anonymous Send like DASH and PIVX for the next release.

8.  The name FootyCash may sound funny but "Footy Cash" is an actual English term (apparently):  

     https://www.power100.com.au/news/local-news/81959-footy-cash-to-go-to-good-friday-appeal
     and
     http://www.heraldsun.com.au/ipad/california-club-brothel-sues-in-footy-cash-feud/news-story/bd77f7d397a34a067342a113b5bfa5d8

9. DraftKings, FanDuel, and other Fantasy Sports companies are getting the legislative green light to operate in most U.S States and other countries as well.  

    When these companies decide to follow the trend of most corporations and switch to blockchain technology - I guarantee you that they will take a hard look at FootyCash first!

10. Oh, and the price of Bitcoin is dropping and will continue to drop until the August 1st Segwit activation takes place.

While Bitcoin is dropping, FootyCash is actually gaining value daily.  FootyCash is a great store of value to weather this storm.


Please keep pump and dump comments to yourself - Footy is too low in valuation for anyone to dump - Most investors are holding until the market finishes correcting and the price rises to where it should be (about $2.00 to $4.00 USD per coin).  This area of bitcointalk is for speculation - speculation talk does not necessarily equal "pump and dump" talk.  Please be respectful.

That's only pump and dump like other shit coins.

---

You did typo on number 5 of your reason, it should be "5".

I reccomend FOOTYCASH (FOOT) on Cryptopia.

https://www.cryptopia.co.nz/Exchange/?market=FOOT_BTC#

Why?

Quote from: 

https://bitcointalk.org/index.php?topic=1691917.640

Sports Passion is the reason why FootyCash is go very high in value.  When you add in the rareness of FootyCash coins (there's only 4 Million coins total) the value is going to be very high - Just think the Super Bowl or FIFA - companies spend billions on commercial advertisments alone.

OF ALL THE CRYPTOCURRENCIES FOOTYCASH HAS THE MOST POTENTIAL FOR VALUE - SIMPLY BECAUSE OF THE CRAZYNESS OF SPORTS FANS!!!

But if there are more than one sports related crypto assets, then can we agree all of them will go "crazy"? I see footy for the first time here. I have heard of more than one other sports crypto, even on this bitcointalk. What's the diff?

Fantasy sport
From Wikipedia, the free encyclopedia
For sport-themed board games based on fantasy fiction, see Fantasy football (board games).
A fantasy sport (also known less commonly as rotisserie or roto) is a type of online game where participants assemble imaginary or virtual teams of real players of a professional sport. These teams compete based on the statistical performance of those players' players in actual games. This performance is converted into points that are compiled and totaled according to a roster selected by each fantasy team's manager. These point systems can be simple enough to be manually calculated by a "league commissioner" who coordinates and manages the overall league, or points can be compiled and calculated using computers tracking actual results of the professional sport. In fantasy sports, team owners draft, trade and cut (drop) players, analogously to real sports.

Online fantasy sports are a multibillion-dollar industry.

INDIANAPOLIS (AP) — Just three paid fantasy sports companies have obtained licenses to offer their games in Indiana.

The state gaming commission granted licenses Thursday to DraftKings, FanDuel and FantasyDraft. That step makes them the only legal such sites in Indiana as of Saturday under a state law adopted last year requiring licenses for companies offering the games where players compete online for cash prizes by picking teams of real-life athletes.

If a bill making its way through the House becomes law, Delawareans will be able to bet on fantasy sports.

Current state law does not allow online fantasy sports betting that involves cash prizes –a stipulation the Delaware Department of Justice cracked down on last year when it officially ended the activity.

But a bill by Rep. Charles Potter, D-Wilmington, which moved through the House Gaming and Parimutuels Committee on Wednesday, marks the latest in a long line of legislative efforts to legalize and regulate the fantasy sports industry in Delaware.

The bill's release makes the First State one step closer to joining 12 others that have passed similar laws. Thirteen others are considering it.

Potter's bill did not make it to the governor's desk the last time it came to the General Assembly two years ago, but he said he believes added regulations will convince lawmakers to give it a second look.

If enacted, House Bill 249 places tougher regulations on game operators. They would need to apply for a license and comply with “some of the strictest consumer safeguards” in the nation, including prohibiting minors and misleading advertising from their sites.

Operators also would have to fork over a 15 percent tax on their net adjusted revenues on top of an annual $50,000 fee.

Potter said "a lot of people" throughout the state have been playing fantasy sports illegally, and he wants to regulate the industry as a way to better manage it.

Some 150,000 Delawareans enjoy the sites today, said Orrick, Herrington and Sutcliffe LLP attorney Scott Ward, who represents DraftKings and FanDuel.

"That will bring income into the state," Potter said. "If you imagine you have 150,000 people that are playing right now, that number's going to grow when it's legal, so if a person bets an average of $100 a month, you can do the math."

Ward said Delaware has been involved in daily fantasy sports for 40 years, starting with weekly USA Today brackets and evolving into online sites.

There are only 4 million coins total and only a fraction (less than 15%) are available on the markets.

The coin is WAY undervalued.  

Right now it's trading between $0.05 USD and $0.10 USD each coin.

A price correction is currently underway - thats why the price is rising.

It should correct to about $2.00 to $4.00 USD.

I am just an investor.

If you bothered to do any research into the coin you would see that because of speculation the coin's value has risen more than 5000% in the past week.

This is a speculation topic - is it not?  This is bitcointalk - with talk being the key word.

If you don't have anything to contribute to this speculation topic then please stay out.

Why do some people want to troll any coin that outperforms the one that they are mining.  Then they make false accusations and automatically assume you are part the the "dev team".

Let me ask you some questions:  

How come you seem to know so much for a "newbie" - did you lose your other account? - or where you banned for trolling?  

You seem to be shilling this shit extremely hard. You're not talking about what it does, benefits of the product, or what problem it solves. You constantly just speak of how it's risen 5000% and should be worth $2 or $4. I understand it's a rare coin and thus should be worth more with a small cap. But the way you're approaching this is likely just raising red flags for people like it is for me.

Having a low supply does not make anything valuable instantly ::)... That is your sole argument it seems, and that prove that is just a speculative toy...

Yes.  But we don't have to follow 1/1000 of coin supply that other coins are doing.  We can make our own rules.  Thanks for the comment!

I think an anonymous send feature would fit a fantasy sports coin since some countries still don't recognize Fantasy Sports as legal.

More and more U.S States are recognizing Fantasy Sports companies like DraftKings as legal operating entities; But there are still some states where the law is ambiguous at best or still considered a grey area.  There are even a few states that still consider Fantasy Sports as illegal gambling operations.  

So, I believe an anonymous send feature would fit FootyCash good.

What does everyone think.  Am I correct?

This coin has the worst name ever.

Having a low supply does not make anything valuable instantly ::)... That is your sole argument it seems, and that prove that is just a speculative toy...

The coin supply will continue to remain low as initially intended.  We are currently testing the masternodes and will provide updates to the community as things develop.

This coin feels really sketchy to me

Do you have anything factual to back up that statement, or are you just being a hateful troll?

There are a number of important features outlined below.  We will be releasing details on masternode requirements soon.  

The fantasy sports industry needs faster payment methods and anonymity to protect personal information, so these features fall right in line with our mission statement.

Features

• Anonymous Transactions
• Improved Network Security
• Faster transactions
• Decentralization
• Community voting on proposals

Yes.  What we are working on for the masternodes will have an anonymous transaction like PIVX and DASH.  Still testing things, and will keep the community updated.  Hope to have something ready in the next week.

Law360, New York (July 17, 2017, 3:55 PM EDT) -- Daily fantasy operators DraftKings and FanDuel last week backed out of a planned merger amid a potential antitrust challenge, a move experts called smart as it will allow the companies to focus on one of their main goals: promoting the expansion of legalized daily fantasy contests.

Over the past year and a half, DraftKings and FanDuel have been able to convince state lawmakers in eight states to expressly legalize DFS, most significantly in New York as it ended lawsuits by the state attorney general.

New ATH (5300sats) and with masternodes and other features coming up, this is just the beginning! easily 1$

So let's assume Drafktings and/or Fanduel want to add support for cryptocurrencies deposits & withdrawals. Why wouldn't they choose one of the more popular cryptocurrencies such as bitcoin and instead opt for relatively obscure Footy Cash? Keep in mind, that most of their customer base don't know much about crytospace.

And the same holds true, if Drafktings, etc... wants to add support for tournaments denominated in cryptocurrencies.

Why would Draftkings or Fanduel select FootyCash (FOOT) for customer deposits/withdrawals over conventional Cryptocurrencies such as Bitcoin or Ethereum?  Why should they use FootyCash over Bitcoin?

I think this might be just a temporary pump..

This coin feels really sketchy to me

New ATH (5300sats) and with masternodes and other features coming up, this is just the beginning! easily 1$

How did you know to get involved in FootyCash and Litecoin? were you looking at the 'Last' (price) column in Cryptopia? Or did you come across another method?

Like dmanicus said, masternodes will require 5,000 FOOT.  We are hoping to have a beta version available to test shortly and then will announce more details after that. 

I don't want to comment on price as the developer, but I can assure you that we are working hard behind the scenes and this is a long-term coin.

dude your are one of the most annoying users around here!
i don't expect you to know how the market works but please stop to promote your bag of FOOT day for day.
Of course the price isn't affected. Not because this coin is so incredible good, it is because of the low ass volume after i pumped the coin to 14k and sold to whoever was stupid enough to place big buy orders at 12,5k.
You might like the idea of footy cash but it doesn't mean that this is a performing coin at the moment. People like you prevent people from buying in. How serious can the community of footy be taken if 70% of the posts in the announcement thread are from you and even the speculation thread was created by you. Just fuck off and let this coin naturally grow. And stop with this fucking news-paper phrases at the beginning of your posts.

edit: and if you don't stop with this BS i'll dump this coin back to 3000sats. believe me :-)

Hello, we're looking for 5 beta testers for the new release of FootyCash.  Ideally, we would have a few that want to run masternodes and a few regular clients.  I'll send some beta test coins to the first five to respond.  Post your address after setting up the new client.  Post one for your masternide and one for your regular client.

Installing the new client will not overwrite your current client, they will be in different blockchains. Still, it doesn't hurt to backup your current setup.

It will take up to 24 hours before your coins begin staking, so be patient.  It takes 15 confirmations for your masternode to begin running, so please be patient.

The current setup is 60 blocks with .5 block reward split 1/3 to staker and 2/3 to master node. This will add approximately 250k per year.  The beta test blockchain will be blown away after the test, so these beta test coins will vanish when we go live.

I'm heading to my day job now in Australia time, and will send coins when I am able to to get the beta started.


Here is a direct link to the windows wallet download for the beta test:
https://github.com/clifer/FootyCashV2/releases/download/v2.0.0.1-Beta/footycash-qt-windows.zip

In case you want to compile, the source code is at https://github.com/clifer/FootyCashV2

You will need these addnodes for now until dns seed is setup:

addnode=footycash.com:17017
addnode=footycash.com:27017


----------------------------------------------

Masternode instructions:

Local masternode setup option A
This is the easy way. I'll write up instructions for option B remote control later

1. Start wallet normally and get 100% synced.

2. in console type: "masternode genkey"  - and save the output for use in a later step

3. in console type: "getaccountaddress 0"  - this is the address where exactly 5000 coins should be sent

4. send exactly 5000 coins to the address from step 3. the masternode needs 15 confirmations on the 5000 coin transaction before it will work, but the remaining steps can be completed now

4.  shutdown wallet

5.  add this to footycash.conf - the directory name is FootyCashV2, so it doesn't conflict with current client:
rpcuser=<your rpc user name that you choose>
rpcpassword=<your rpc user password that you choose>
rpcallowip=127.0.0.1
#----
listen=1
server=1
daemon=1
staking=0
#--------------------
masternode=1
masternodeaddr=your IP address:your port
masternodeprivkey=the output from step 2

6. restart the client

7. in console type: "masternode start <YOUR_WALLET_PASSWORD>"
you only need the password if you have encrypted the wallet
you may have to run this more than once if the transaction doesn't have 15 confirmations yet

Looking at the coinmarketcap charts, if this coin was a pump, surely this coin would have met the same fate as LDOGE, where the value was pumped so high (to 8000 satoshis I believe) and then plummeted back down to 4 satoshis.

Footycash did climb up to around $0.09 before retracing back to around $0.05, but has since tripled since then