Highest I would go is 5 LTC or 0.05 BTC for 1000 FC
I could go 1 LTC per 200 FC or 0.01 BTC per 200 FC.
The block reward it too high, and there just isn't any value in the coin yet (possibly ever?).
According to http://cryptocoinexplorer.com:5750/ there are 3.5 million Feathercoins made already. |
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I really think this system is dangerous, and I am considering setting two accounts so that I can hold deterministic balances of the same IOU issued by different issuers without having to worry to adjust my trust lines all the time to prevent the network to fiddle with my
stuff.
Most people in this forum, although they belong to a pretty geeky democraphics, can't even understand what Ripple really is in spite of there having half a dozen thread a day explaining the details. Do you really expect the average user out there on the Internet to understand the risk of being a liquidity provider, and take the necessary non-trivial steps to assess the counter-party risk of all his trustees, and offset the risk by setting an appropriate fee?
I agree. |
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Can someone please confirm, is this coin really 4 times faster than Litecoin?Thank you  it is, if i'ld mine LTC in a pool with my current hashrate, or i mine FC, i get about 4.03 times as many FC as LTC  What I mean is, when doing Feathercoin transactions are the confirmations 4 times faster than Litecoin's confirmations? Anyone? Does no-one know? |
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I would like to order 30000 Bytecoin for 3.03 BTC (0.000101 BTC per Bytcoin), and 30000 for 1.5 BTC (0.000050 BTC per Bytecoin).
Thank you
Im suspending my orderbook service because a real exchange should be coming online sometime today. The bteex domain name will be pointed at the real exchange. I see only " We're sorry, but something went wrong." at bteex.com? you should see "Welcome to the Bytecoin Exchange We are currently in pre-alpha, get on the BTC testnet and try it out." I am currently logged in No orders yet |
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Can someone please confirm, is this coin really 4 times faster than Litecoin?Thank you it is, if i'ld mine LTC in a pool with my current hashrate, or i mine FC, i get about 4.03 times as many FC as LTC What I mean is, when doing Feathercoin transactions are the confirmations 4 times faster than Litecoin's confirmations? |
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Can someone please confirm, is this coin really 4 times faster than Litecoin?Thank you
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By that logic, removing the 1 MB max block size, which is going to happen and was advocated by Nakamoto, would make it something other than bitcoin.
by removing the 1MB limit you are not messing up all the old blocks. huge difference. Almost any change can be done without messing up old blocks. In fact, I can't easily imagine one that couldn't be done that way. The more widely adopted a coin is though the more resistance the devs will face to changes which aren't mission critical. |
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Early adopter rewards aren't necessarily a bad thing |
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Simply because the creators want to get rich from it. As I stated above, they kept 20 billion of the 100 billion total XRP.
I thought they kept 80% for themselves? Regardless, there are idiots that are paying 1BTC (yes USD $92) per 10,000 ripples..... Yeah it's 80%. 100 billion XRP total, and they have kept 80 billion. Something like 1% would have been more than enough. Ripple has a lot of money backing it and is strongly profit driven. I hope it fails and an open source alternative springs up. |
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There's only a finite amount of mining resources. The free market will prevail if too many alt currencies get 'released', miners will only flock to the most original coins with the greatest promise.
However, it is going to be interesting to see what happens to the price of Bitcoin when Litecoin goes on mtgox. The general public's faith in Bitcoin may become shaken when they realise there is more than just 'Bitcoin' out there.
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PPCoin has a bigger market capitalisation than Namecoin now and is the third largest coin, behind only Bitcoin and Litecoin.
PPCoin has a very active developer pushing it forward. Namecoin is dead.
Someone also tweeted magictux the mtgox programmer about PPCoin on mtgox, and magictux gave a positive hint.
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I'm interested in learning more about FeatherCoin.
Are the confirmations faster than Litecoin? Does it have any other unique characteristics from Litecoin apart from a larger coin size?
Trying to decide whether this is worth dedicating any mining resources to.
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Just for the record.
In Russian PPC is pronounced "ППЦ". It is abbreviated form (like OMG or WTF in English) of "fucking hell" more or less. I.e. a situation like you've crashed your car and lost your job on the same day. Or your town suffered from nuclear bombing/meteor shower/tsunami/etc.
Nintendo Wii sounds like 'wee' as in 'urine'. It's sold 100 million units world wide and is marketed as a family friendly entertainment system. If an idea is good, the name isn't important. |
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Were you selling mined TRC around late 13 / early 14 April? I missed the 0.1.3.33 upgrade, and at the same time, BTC-e appeared to have missed it too.
I ended up mining on a forked chain, depositing to BTC-e (which they accepted, also being on my fork), and selling for BTC.
Now that they've upgraded, they have locked my account for withdrawls, and say that I now owe them 6921 in "double-spent" TRC.
I "fought" to have my fork win, but I gave up after it fell 200 blocks behind.
It looks like I'm not the only one. I've seen lots of other BTC-e users posting saying that their accounts are also locked for withdrawls. They probably have no clue the fork even occurred.
Now I didn't see this 0.1.3.36 announcement until now. I wonder if BTC-e will see it in time this time...
Damn  |
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A person tweets magic tux, the programmer at mtgox asking '@MagicalTux Why add only Litecoin? PPCoin is a very interesting alternative crypto-currency incorporating Proof of stake'
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XRP is controlled by a central authority, who can print it at will or on a whim in the future So far there is no evidence that OpenCoin can create additional XRPs above the 100 billion that already existed in the genesis ledger. I am guessing since they decided to award themselves 80% of that 100 billion they can do whatever they see fit. |
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Just a heads up:
I sent this guy 9000XRP, he replied that he would send me the BTC in a minute and then he said his Ripple account was frozen and did not send me any BTC.
Is it even possible to get a Ripple account frozen?
How does the Ripple trust system come into play here? |
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Like I said I have no official connection to Ripple. I hold Bitcoins and XRPs. That's it!
If you're really familiar with the forums you will of course notice that I have been very active posting on a variety of topics. Nothing really exciting is happening in Bitcoinlandia. There was the SatoshiDICE spam / economically unspendable output stuff but that's blown over. In my opinion Ripple is the next big thing, so this is why I am active in any thread that mentions Ripple.
I will almost always respond in any Ripple thread where I can provide insights and facts based on the information that I have collected. You can see some of my earlier posts where I collected a lot of information. As I said before I shared all of the misgivings given by the OP. You can see that in the older posts. Unlike the trolls / naysayers I stuck with it and kept digging to find out if those fears were unfounded. It still sucks that they gave themselves all the money but that's life. Ripple will be big regardless.
I still stand by my previous posts on the matter. I also think you are underestimating how much the Foundation owning 80 billion XRP has smeared the reputation of the project. I've read that in every single Ripple topic I have opened up on this forum. Don't get me wrong I am all for developers monetising their work and being rewarded for their innovations but that is too greedy for me and a lot of other people. |
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Misterbigg;
what is your stake in ripple? You said it was nothing but you spend a LOT of time defending and promoting it. I will be blunt, this is one of the reason I do not like it. Because of the Inaba (oops, now I am BFL_Josh) constant promoting.
With the full court press, you all are giving this right now, it really reminds me of MLM (which to me is very similar to ponzi). You seem very intelligent but you interest in this is not just a passive defense, you post constantly about it, why?
Yeah I'm not only one then who has noticed this. I asked him yesterday if he was affiliated with Ripple and he said he had 'no official connection to Ripple'. I'm actually quite suspicious there are some Ripple shills on this forum. The guy who quoted my post in this topic to defend it for example, every single one of his posts is about Ripple and some of them are like freaking essays. I also noticed there was no mention of Ripple on this subforum for ages, it was dead, then out of nowhere this week I saw 3 different topics on the front page all created by new-ish accounts (march or so). |
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