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I hope ether surpasses bitcoins market cap and volume. It will make me invest in bitcoin even more.
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LTC will hit at least $100 by years end. It could go as high as $400. Buy now profit later.
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I got into crypto in early 2014 and i am not a millionaire. However i have come pretty close. Lets just say the value of my crypto holdings is greater than 500K. I invested less than $5,000 so i think i have done pretty well. The only reason i am not a millionaire now is that i did not have more capital to invest back in those days.
I remember in 2013 people were making posts like these claiming that everyone who invested in 2009/2010 was a millionaire. The reality cannot be further from the truth as it takes a whole lot of extraordinary circumstances to work in your favour even in you invest in the right crypto at the right time. There was a guy in 2010 who spent 10,000 BTC to buy 2 pizzas, others spent their coins on gambling sites. Even satoshi was handing out BTC left, right and centre back then.
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Yes eth and eth classic are scams along with coins like dash and monero. BTC, LTC, PPC and doge are the only coins with long term hope.
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Use multidoge it is a far better SPV client for dogecoin. I have been using it since 2015 with no problems....
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Litecoin. Not worth more than $10 at this point.
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Does anyone still cpu mine this coin or are gpus necessary nowadays?
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834 sats a coin!  Wonder if this is the top or just the beginning.... |
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It turns out dev was solo mining FLDC for around 6 months. It is possible dev is pumping his own coin. Only invest what you can afford to lose.
This would be terrible if it were true. It would pretty much mean this entire thing is a ponzi scheme....hopefully not the case |
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Honest question: Who is buying FLDC at 500 sats a coin? And why?
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It's very hard to setup a wallet....
If FLDC had its own chain it would be as simple as downloading one file. But this counterparty system completes things for no reason whatsoever..... |
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Its sad how this coin has turned into a pump and dump...
That is the entire purpose of this coin. The devs never had (nor never will have) any intention of having the coin have any purpose beyond being a "reward" for people that fold, they see any real-world value that the coin has as an unintended, incidental "bonus". .... Until FLDC leaves counterparty the prospects of this coins future are grim at best.
They've stated countless times that FLDC will never leave Counterparty and will never be a stand-alone coin. So they are happy with 1 week long confrmation times and skyrocketing fees? No wonder this coin is going nowhere.... |
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Its sad how this coin has turned into a pump and dump...
That is the entire purpose of this coin. The devs never had (nor never will have) any intention of having the coin have any purpose beyond being a "reward" for people that fold, they see any real-world value that the coin has as an unintended, incidental "bonus". And that is the biggest problem i think. The devs do not understand the concept of intrinsic value. For an asset to have value it must have adoption, technology and sound fundamentals all three of which FLDC currently lacks. |
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Some stuff i forget to add in my previous posts:
A standalone blockchain could also allow for a RPC command to check the amount of computational power being sent to FAH in the last 24 hours. Current coin supply could also be check as well as other network health parameters something which is not doable today. Coins can be moved from counterparty to standalone FLDC through a burn process.
Would be nice to have this discussed in next months meeting. Until FLDC leaves counterparty the prospects of this coins future are grim at best.
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If foldingcoin built its own blockchain then the fees to send out monthly payments would be much lower pretty much insignificant. Monthly distributions could be carried out as they are now however multisig could be used to better secure the hot wallet for sending payments. Users could store their coins without having to use crappy counterparty which would lead to better user experience.
Only one problem remains though - How to secure such a chain. Well new coins are already generated through POWing the FAH network. Proof of stake could be the security mechanism to secure the chain. A annual interest of 1-2% could be paid to holders to secure the chain, this would help the value of the coin as well as allow FLDC's chain to be secured for a cheap price.
If the FLDC dev team wants to go down this path they should fork the latest version of litecoin core and develop from there.
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Its sad how this coin has turned into a pump and dump. Even if this coin hits 1 billion market cap someday it will still be a failure due to lack of fundamentals.
Fundamental problems with FLDC:
- Centralised storage of undistributed FLDC
- Centralised distribution of FLDC
- Market being controlled by pumper and dumpers rather than legit long term investors
- Lack of a blockchain and the problems that come with it
- Little to no infrastructure such as block explorers, wallets etc.
I think FLDC has grown to a point where it should setup its own chain. This way payments will no longer be delayed due to bitcoin mempool being clogged and development will be easier as counterparty is not very developer friendly. It will also make it easier to port other pieces of tech such as segwit, block size increase and general enhancements from other coins.
In short if FLDC wants to be respected as a stand alone crypto in the long term (5-10 years from now) then it must take on the properties that other crypto already have.
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Yes multibit is broken. Best solution is to move to another wallet.
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Multibit was abandoned by its developer quite some time ago so it is no longer maintained. You should move to electrum wallet. You can import your private keys from multibit into electrum direct so there is no need for a new address or wallet file transfer.
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Im glad i did not upgrade to multibit HD....
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Somebody should fork mulitbit classic and apply a bug fix. It seems the original developer has abandoned it......
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