Any chance of adding a Feathercoin (FTC) exchange?
Some issues I see with FTC FTC is it appears to have no active dev.... also if it is listed then delisted it can create a lot of ill will....so FTC needs to survive the next new alt and still show its strong. Look at BTE, is has a huge following for 2 weeks in alts but now, well its all about FTC...and already a new alt is coming CRC, that has people signing on before it has even been launched.... So a bit premature to list FTC yet....but could be a contender. |
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It's just Litecoin with 4x the amount of coins that will end up being generated. Unless there is something else major that differentiates it from the rest of the alts, I can't see it lasting. I mean, Bytecoin barely seems to get a mention at the moment.  I wonder why this has 10x the hype that bytecoin has because no asics....where is byte up to these days?  |
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Don't premine. Just release it!
no I like the Crazy rabbit pre mine and distribute equally to bitmessage address resposne...makes it different |
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surely this is where some smart design (like p2pool was) for a local wallet could connect to public blockchain to be running on a p2p network?
just a thought... now THAT would really put feathercoin on the map
very interesting, so like electurm, but as a sort of torrent/cloud affair where you just get what you need.... |
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The way I see the alts:
1) Ripple
Not really an alt, per se. It's a system, not an asset (XRP notwithstanding). It's effectively an alternate solution to the Byzantine General's problem, that results in instant confs. Pretty interesting.
2) Litecoin
Different primarily because of use of scrypt. This may or may not prove to have value. The 4x supply and 1/4 conf times are both immaterial. There are very few cases where 10 min conf is unacceptable but 2 min conf IS acceptable. Both are unacceptable for buying a coffee; other solutions on top of the blockchains will have to be developed. Regarding supply, magnitude is not particularly relevant with near infinite divisibility. Dynamics matter, but LTC and BTC have exactly the same curve.
3) PP-Coin
I don't know much about this one, but understand the difference is Proof-of-Stake vs. Proof-of-Work, which could have long-term implications regarding cheaper transactions fees due to less energy demand for mining. Sounds interesting.
4) Feathercoin
Brings nothing new to the table. Whether it will bubble in the market for a while or not, I don't know, but it holds zero intellectual interest for me.
LTC >> FC less premine, more acceptance, less massive blockchain FC >>LTC faster |
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as the title says
my understanding is the speed multiplier effect has a downside = hugggge block chain
how will this be overcome?
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The age of the coins and the amount you are sending will determine whether you can send for free. Sending without the minimum fee when it is required will cause you headaches later, and the Bitcoin client won't let you do it.
First, recognize that a transaction is made of:
- inputs - the funding source(s), the individual payments you previously received, and
- outputs - the amount(s) you are sending to different addresses. Typically only one or two outputs, but you can send to many people in one transaction if you want.
The baseline calculation for "when it becomes free" is 1 BTC after one day. If the input of your transaction is a single 1 BTC payment you received over a day ago (144 confirmations), then Bitcoin-qt won't require a fee, even if you are only sending .1 BTC to someone else (the other .9 is also sent, but it's sent back to your wallet as another output). Likewise, if your balance is from a single 0.1 BTC, a transaction using that payment would be free to send after 10 days of confirmations.
The above examples are when your transaction is made of one input. Often a transaction will be made of many smaller previous payments to you, put together by Bitcoin in whatever way it calculates will minimize the change that needs to be sent back to you. Therefore, it can be harder to know if you will need a fee without actually attempting to send the transaction. No "warning, requires a fee" message? That means a fee was not required, and only your optional fee (if set above 0) will be included.
what the stops miners increasing fees all the time?
If any output of your transaction is less than 0.01 BTC, a minimum fee is required regardless, to keep people from cheaply spamming the blockchain by sending the same money over and over.
A transaction sending 0.4 BTC with 100 confirmations is not high enough priority to send with no fee.
priority = sum(input_value_in_base_units * input_age)/size_in_bytes
((0.4 * 100,000,000) * 100) / 258 = 15,503,875
Transactions need to have a priority above 57,600,000 to avoid the enforced limit. I would recommend ANY payment include a fee even if it would qualify to be free, as "free transaction" space in blocks is limited, and profit-motivated miners have no incentive to include free transactions over those with fees.
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This isn't intended to be another spam thread, this is real analysis.
Eventually the world will adopt a crypto-currency. That's just where technology is headed and where we are evolving. It won't, however, be bitcoin. Bitcoin was a good experiment while it lasted, but through experimenting with it it's shown its weaknesses, weaknesses that other crypto's have already made headway in correcting, just without wide adoption.
Eventually, a new crypto that isn't currently in existence will be developed by a counsel of cryptographers and industry professionals from silicon valley but more importantly will also be directed by the advice of economists, not just computer scientists. This new crypto will be widely endorsed in silicon valley and will take the world by storm, eventually becoming the exclusive currency of most online retailers and will be known as the internet currency (as if the internet were its on country / economy). As surely as I write this, this will happen, and when it does, all other crypto's including bitcoin will become obsolete. Sure, they'll still be collected as vintage items for their sentimental value the way old NES games are still collected. But mining them will be easy enough that they'll have no real value.
one problem with your position is that there is more $$$ and expertise already in BTC development than anywhere else, and it would be hard to buy.organise this at any price. If any other currency looks too successful, the BTC's will just fork to take that on board. So BTC may evolved to be the best coin, by virtue of its front runner position. |
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yawn who cares, it was $30 just a few months ago, and your all worried about it going to 100? 300% above where is was..... ? ....strong hands.... just don't sell out even if it goes to 0.00001.....buy buy buy |
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i'm already mining aircoins. much lighter than LTC and FTC.
this is exactly what will happen if FTC is takes over from LTC |
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Some questions
does FC suffer from
[1] chain bloat being 16x faster than BTC so the blockchain will get 16 x bigger
[2] High fees like LTC atm.
[3] It sounds like a product of "RISE CHIKUN"
1. No, the blockhain will not get bigger, its pre-set how many blocks will ever be mined 2. Dont think so, the coin has very fast processing rates without transaction fee's. 3. I think the name indeed is a bit weird from the start, but we'll get used to it. We were also thinking that when "Twitter" was first introduced and now its generally accepted How do you do this, get 3 incorrect answers and you seem to hold 3 crypto currencies, did you even invest 30min in the concept? 1) blockchain goes on and on, or will we just stop when the last coin is mined and start again with a new one? 2) you can change the fee yourself, it's only a preset in the client, so it is whatever you want, higher fee means faster transaction. Litecoin will have a lower standard transaction fee in the next client, but that's actually only for those who didn't spend the 2 minutes it takes to view the preferences menu. 3) feather = light, lighter as litecoin yeah....a worry |
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There is a lot of us who would regard a thousand dollars an important milestone, but nothing more. Selling is not my intention for my bitcoins. Using them is. About 100k-300k per coin is a fair value long term.
this. however LTC /FC and PPC may take a chunk of this value |
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You forgot BTE.  Fixed! |
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Ok I am offering 100 CRC for 100,000 FTC
Put your offers/counter offers in this thread!!!!
Transisto :: 200 CRC @ 100,000
Jubalix :: 100 CRC @ 100,000
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100 CRC for 10,000 FTC
(now I am a tuliper!)
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My understanding is the faster the chain you get proportionally the larger chain, when other parameters are conserved.
Eg. say block size 10 every 20 Mins, and size 2 every 4 mins
does the latter get more bloat?
or is it the same???
Eg FTC>LTC >BTC, bloat?
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I honestly am curious, do you all think the accent and the bouncy-ball were the biggest issue, or did he actually say something dumb? It seemed okay to me. I thought he came off as an eccentric geek who is cautiously optimistic about Bitcoin and who answered the interviewers questions as best he could.
no...the other interview!!! |
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The answer to [1] indicates a very large gap in knowledge of CC's. This is one of the central topics around here, and the very basis of how blocks are built/populated and transactions are done. if your ans to [1] was true after the last block is made, that's the end of the currency.
Some questions
does FC suffer from
[1] chain bloat being 16x faster than BTC so the blockchain will get 16 x bigger
[2] High fees like LTC atm.
[3] It sounds like a product of "RISE CHIKUN"
1. No, the blockhain will not get bigger, its pre-set how many blocks will ever be mined 2. Dont think so, the coin has very fast processing rates without transaction fee's. 3. I think the name indeed is a bit weird from the start, but we'll get used to it. We were also thinking that when "Twitter" was first introduced and now its generally accepted |
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ok, my current understanding (feel free to shoot me down)
there is a function call, something like
pseudo.random();
that give you the instal seed.
then based on this initial seed all the following private keys and addresses are calculated, and it is deterministic. So the same private keys and addresses will be produced every time you use that seed.
the weakness is, if some one get your seed, your whole wallet is gone.
the intial random event was it random enough
and if you keep makeing addresses from the same seed, it may become easier to figure out the privkey
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so you seem to think they are getting passwords and usernames and alot of people use the same on diff sites...!
that wouldn't be the case with me though Jubalix - I used a unique alias and unique password on blockchain.info - couldn't have pulled it from anywhere else. okay....then the injected javascript or sever-side client re direct hack |
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