Good job in responding to the underlying assumption, in this case that he 'learned something' that apparently made him sell.

Thank-you. I think you are probably one of the few people who actually read the thread rather than just seeing the word "Feathercoin" and reacting.

You were on the thread where he gave his explanation on the Feathercoin forum and his email in the footer. He has also said this:

2 Weeks Ago JustABitOfThough said "Glad I got out of ltc around 3.30. With Gox continuing to lose market share, rough road ahead for ltc."
http://trollboxarchive.com/byid.php?id=15387603

Let's not pretend like this whole domain isn't full of people making unfalsifiable claims about their 'holdings'. Mostly people just say whatever they have to to suit their port folio. Not saying that's what's going on here with John but it's the reason why I don't pay attention to claims like this.

Thanks so much for your support.

This announcement marks the beginning of a new series of Feathercoin updates. Our intention is share the work we are doing with the wider community, we plan to release these updates every Tuesday between 1-4pm GMT. We may choose to change these times in order to reach a wider audience, there is a summary at the end of this post and a copy of this announcement can be found on our forum.


Feathercoin is an innovation of values and began with a firm belief in sustaining the innovation that came before us. Because it's not about being first it's about being right and having the determination and commitment to see it through in the long term. We think people are more important than technology which we see as being there to bring them together. In fact we think the work that needs to be done now is to make the technology disappear. This is the Feathercoin team lineup as it stands:


Peter Bushnell (@Bushstar) 60hrs+
Chris Ellis (@Chrisj) 40-60hrs
Ruth B. (@Ruthie) 20-40hrs+
Mark P. (@UKMark) 20-40hrs
Dr Geoff Gibbs (@Entimp) 10-20hrs
Mark H. (@Nutnut) 20hrs
Svenn (@svennand) 20hrs+
Maria N. - Part Time but available on demand
@Ghostlander - Part Time but available on demand

There are many others who have worked incredibly hard. Special thanks to Sunny King for his continued support.

Our focus over the coming weeks will be to take a bottom up approach, getting Feathercoin and the crypto technology behind it out to the masses. The internet is like a map, in many ways it is jealous of the offline world. Add to this the fact that approximatly 2.5bn people in the world do not have access to financial services, with our low transaction fees and fast confirmation times, along with our SMS Wallet (see below) we are well placed to complement Bitcoin.

While he is not busy disintermediating the global payment networks, @UKMark likes to watch football & spend time with his family. So we are very grateful for all the time he has put in building the SMSWallet which means users in the UK and US (for now) are able to send and receive Feathercoins over the SMS network, independently of the internet.

This is an important part of our strategy to bring Feathercoins to the wider population with plans to start rolling our a pilot to the homeless in London UK later this year. More work needs to be done on the usability and we are very grateful to our early adopters like Erika who take part in our usability studies:


Our second Feathercoin meetup was huge success, we had many people turn up including Svenn who came all the way from Norway and many others coming in from across the country. If you want to get involved please sign up to our meetup group.


Our intention here is to create real world connections with small businesses and the local community in order to work from the ground up. We believe that the ground level is the best perspective of all, this hyperlocal approach is going to help characterise us in the next year. You can expect to see the video of the event in the next few weeks, we hope it will help to involve the wider world in to this movement.

Beginning in London and Oxford UK once we have a workable model the plan is to scale out the same format the world over. We believe that our power comes from our global reach and we plan to put a lot work in to increasing the diversity among Feathercoin users.

Which brings us nicely on to an improvised project by @tuneman1980 and I who asked the community on our forum for their real world locations which we have compiled in to the Feathercoin Global Map as part of our drive:


We are focussed on developing our strengths and one of things that really defined us early on was the entrepreneurial spirit and it still does, which combined well with a generous atmosphere within the wider community. There have been many bounties, much free time and community support.

We really want to push this further with our Feathercoin Kickstarter project. It will be rough, it will be dirty but there is still time for you to have your say.

The Feathercoin Market Place is currently undergoing some maintenance after the initial round of feedback. Bushstar and Maria are working hard to build a Feathercoin Online Wallet with Escrow facilities.

The latest Feathercoin version 0.6.4.4 is now available and is a mandatory update. This update includes a hard fork of the block chain to accommodate the changes made in this patch. This hard fork should happen roughly around the 1st October which is only a week away.  To be able to send and receive Feathercoin after block 87948 you have to use the new client. Continuing to use old clients after the hard fork could result in the loss of coins.

Primarily this update is to further the refine of the difficulty adjust. Though the current Feathercoin difficulty which we changed to get us out of a tough spot it is not fair for long term miners who have to experience 41.4% swings on every adjust. The new code will adjust four times more frequently at 126 blocks but to approximately 9% which still gives the exact same overall adjust. To prevent the difficulty from being sent up or down too rapidly the current 504 sample window is being maintained and damping is being introduced to reduce fluctuations between extremes.

There have been long running discussion and arguments on the Feathercoin forum including simulations of various different options surrounding this solution. Feel free to take a look at the latest discussion here.

To get the latest update please go to the Official Feathercoin Website and download the client from the homepage.

Official Feathercoin Website

Changelog:
Move to 126 difficulty adjust with 504 averaging window and .25 damping
Reduce effectivness of Time Warp attack
Reinstate CAlert system
Make getnetworkhashps more accurate
Release Windows binary with QR encode

We have faced some big challenges, we stumbled along the way but we got back up and and we are here to stay. It's not the mistakes that will define us, it is how we grow from them. If you want to join us on our journey the only thing that needs to qualify you is how much you care! You need a passion for currency choice and you need to believe in Feathercoin. Come say 'hi' on the forum.

Follow us on Twitter @Feathercoin where we are very active.

Thank-you for your time.

+1

^^^It's all about this^^^

I can't stand the dollar junkies. Snorting that crap, telling themselves how all their fears will go away if only they had more of them. They don't even want dollars, they want the freedom that they (apparently) buy. They only think they want dollars because the law tells them that and they have to weave a story about how it's really their choice because the truth is too humiliating for them to stand.

Why give something that kind of power of you? Seriously.

Really grateful to @Bitsinmyhead for doing this thread and for those of you who keep surfacing it. Honesty has to pay more than fraud and people who work hard to dig deep and find the truth and bring it to everyone's attention should be congratulated. It's about time we started rewarding the right behaviour around here.

I have archived Kevlar's comment too, that's a keeper!

That's really good, I will try that one myself.

I do talk about other coins too, for brevity I just used Bitcoin. But thanks for the ad to your own coin, I have seen the videos.

This has become one of my favourite pastimes.

Every restaurant/bar/cafe I go in to I always ask if I can pay in Bitcoins, sometimes I get my phone out as if I am expecting to be able to already. Usually the staff member has no idea what it is and then I pounce:

"Bitcoin is a global internet currency not backed by any central bank or government"

This is the hook! They like it and want to hear more.

• No chargebacks (Bars and Restaurants love this)
• Bitcoin is like digital gold (this is not a perfect analogy I know, so I stress that it's an analogy)
• Did you know your fiat is worth x% less than n years ago? Your Bitcoins cannot be inflated away by the government or central bank
  
• Imagine if sending money was like sending an email
• Well Bitcoin will do to the banks what email did to the post office
• There's a business just like yours who already take it (then give them the details)
• Bitcoin is rapidly rising in popularity with more interest, I feel very lucky to be an early adopter

The trick is not to go in to any technical detail on the first pass, definitely do NOT try and describe mining, that is for veterans only! Only talk about benefits that are relevant to them.

It's important that you tailor the pitch depending on the person and do not try and sell it to someone who is clearly not interested. If you sense the person doesn't care simply end the conversation by saying:

"Anyway just Google it later if you get time, ask your friends what they think."

Then I give them my card if I have one and tell them they can email me if they have any questions. It's vital that you plant this seed quickly, it should be a short sharp shock that leaves them wanting to know more. Be the first one to end the conversation and try to leave a sense of mystery.

Due to the recent security patch to Feathercoin BTC-e has decided to drop the number of required confirmations down to 10. We are very grateful to BTC-e development team for their confidence.

Feathercoin's Advanced Checkpointing (ACP) checkpoints block history to make sure that no attacker can orphan a block once it has been checkpointed.

For more information on Bitcoin's checkpointing
https://en.bitcoin.it/wiki/Checkpoint_Lockin

For more informtaion on Advanced Checkpointing
https://www.feathercoin.com/about/

That was a good event even if I say so myself 

Bush giving an interview:

https://twitter.com/Feathercoin

I suppose you never know how the past is going to turn out because it hasn't finished happening 

This is a great thread and I wanted to say thanks to everyone who contributed, I have been sending everyone over here.

You replace the contents of the Bitcoin folder in Application Support:
https://en.bitcoin.it/wiki/Securing_your_wallet#Mac

I recommend for your own piece of mind, practicing backing up a wallet and restoring it just so that you can walk yourself through the process. It can be a bit scary first time if you have a lot of coins.

I found that Multibit Wallet was better for backing up and restoring coins and if you have another computer you could always move the wallet over to there so that you can see they are safe while you do the restore.

Before I ever do a format of my macs I always clone the disk just in case anyway.

Good luck.

You coming?

Feathercoin has a meetup this Saturday at the Oxford Blue in Oxford UK.

Please sign up if interested: http://www.meetup.com/Feathercoin/events/129199462/

In order to pay in FTC you will need an Android phone.
https://play.google.com/store/apps/details?id=de.schildbach.wallet.feathercoin

Only load it up with enough FTC for the day and make sure the Blockchain is synced. This is still in beta and will be the first offline test. Any questions please feel free to ask me or head over to the forum at http://forum.feathercoin.com

Hey,

Please let the guys know that I am happy to help them with any PR as part of the Feathercoin team. We need more talented innovators in this space. It's all about people and runway.

Thanks so much
Pn7Fss3FqEVmCg8NAFro4wyd3FSUQsa68q

Despite the rebuttals you are right to raise this as a concern. I have been tracking Team China on BTC Guild for some time now:
http://www.btcguild.com/index.php?page=rankings&section=teams

Not very scientific I know but I think we are seeing an increase in centralisation for a variety of reasons.

Check pages 3 & 4 of Satoshi's paper which talks about the Proof of Work model.
http://bitcoin.org/bitcoin.pdf


Emphasis mine.

A lot of what has fuelled this rise in price and adoption is greed. If hash rate drops sharply due to lower mining profitability then we could be left with slower confirmations and lower price.

And so the design of Bitcoin continues to be tested as the hashrate continues to rise even as the price drops. One of the interesting difference with scrypt mining is that at least a graphics card or CPU is a multi purpose piece of equipment that they can be used for gaming or sold easily on the open market. Those ASICs are going to make excellent door stops and do nothing for the enviroment.

Deluded or high on hopium.

The thing about parasites is that they need the host to survive or else they die with it.

The rise up to $260 was fuelled by greed: put dollar in get more dollar out was the name of the game. But the price is a very poor indicator of strength because it is a reduction of sentiment, like a 3D cube casting a 2D shadow on the wall, by looking at the shadow only you will never get back to the 3 dimensional aspect.

We need to shake these weak hands out of the market, let the strong hands enter.