Why I think Feathercoins will be a succes

[BitcoinBoard]

Hello All,

Since the launch of Feathercoins a few weeks ago, the coin has gained a huge support from the community. The hash rate of the network is insane for a coin that is only here for a week or so, and people are already buying and selling it actively. There are also plans from exchanges to support Feathercoin, and a few of them already do support them.

While this succes alone proves that this coin is here to stay, there are always a few doubters. But don't worry, there are only a few of them and they are hating in almost all threads. It always are the same users who are trying to bring the coin down. Their argument is that the coin is an exact replica of Litecoin, which is true except for a few points.

There will be 4 times more Feathercoins, then there will be Litecoins, which is also 4 times bigger then Bitcoins. Therefore I like to look at it this way:

Bitcoins = Gold
Litecoins = Silver
Feathercoins = Bronze

I think that there is enough room for a 3rd major coin, and I believe that it will be Feathercoins. People's minds are too limited, and they fear that only 1 or 2 coins will become major. The beautiful thing about Cryptocurrencies in general is that they are opensource, and therefore a LOT of things can be done with them. As there are already stores accepting Bitcoins and Litecoins (Some starbucks etc), I think that other cryptocurrencies will be accepted soon.

It is only a matter of time before a program shows up which will accept all major cryptocurrencies, stored in a few wallets, but all managed by one program. This means that storekeepers simply choose which currency will be used to pay (BTC, LTC, FTC, PPC etc), and the price of the product will automatically adjusted to the price in coins equivalent to USD$. So, presume a cup of coffee costs 0.0001 BTC, then it will be 45 LTC, and maybe 400 FTC (Feathercoin).

The whole idea of Cryptocurrencies is fast and cheap transaction costs with a transparent network. One way or another, Storekeepers will always prefer Cryptocurrency over creditcard payment because there are almost no transaction fee's, and because cryptocurrency is becoming a big hype.

That is the reason I believe that Feathercoins will become a succes, and that there is room for more then 1 or 2 cryptocurrencies. After all, there are also a lot of Creditcard company's aren't there (Visa, American Express, Mastercard etc).

[aysyr]

That's a good point, can't believe it didn't cross my mind that there would be a front end converter. Thanks for pointing that out

[BitcoinBoard]

Bitcoins = Gold
Litecoins = Silver
Feathercoins = Scam

Fixed.

Dont worry I already gave your type of people attention in the first few paragraphs of my OP, no need to ask for it again 

[UKMark]

+1
I agree, like I said in another post it seems a logical progression.

[mr_random]

+1
I agree, like I said in another post it seems a logical progression.

+2.

I see a bright future for feathercoin. People are mining it like crazy and show no signs of slowing down.

[jubalix]

Hello All,

Since the launch of Feathercoins a few weeks ago, the coin has gained a huge support from the community. The hash rate of the network is insane for a coin that is only here for a week or so, and people are already buying and selling it actively. There are also plans from exchanges to support Feathercoin, and a few of them already do support them.

While this succes alone proves that this coin is here to stay, there are always a few doubters. But don't worry, there are only a few of them and they are hating in almost all threads. It always are the same users who are trying to bring the coin down. Their argument is that the coin is an exact replica of Litecoin, which is true except for a few points.

There will be 4 times more Feathercoins, then there will be Litecoins, which is also 4 times bigger then Bitcoins. Therefore I like to look at it this way:

Bitcoins = Gold
Litecoins = Silver
Feathercoins = Bronze

I think that there is enough room for a 3rd major coin, and I believe that it will be Feathercoins. People's minds are too limited, and they fear that only 1 or 2 coins will become major. The beautiful thing about Cryptocurrencies in general is that they are opensource, and therefore a LOT of things can be done with them. As there are already stores accepting Bitcoins and Litecoins (Some starbucks etc), I think that other cryptocurrencies will be accepted soon.

It is only a matter of time before a program shows up which will accept all major cryptocurrencies, stored in a few wallets, but all managed by one program. This means that storekeepers simply choose which currency will be used to pay (BTC, LTC, FTC, PPC etc), and the price of the product will automatically adjusted to the price in coins equivalent to USD$. So, presume a cup of coffee costs 0.0001 BTC, then it will be 45 LTC, and maybe 400 FTC (Feathercoin).

The whole idea of Cryptocurrencies is fast and cheap transaction costs with a transparent network. One way or another, Storekeepers will always prefer Cryptocurrency over creditcard payment because there are almost no transaction fee's, and because cryptocurrency is becoming a big hype.

That is the reason I believe that Feathercoins will become a succes, and that there is room for more then 1 or 2 cryptocurrencies. After all, there are also a lot of Creditcard company's aren't there (Visa, American Express, Mastercard etc).

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"

[BitcoinBoard]

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

[mr_random]

The name comes from feather to signify lightness ('light as a feather'). It's supposed to be lighter than litecoin.

[dust]

[1] chain bloat being 16x faster than BTC so the blockchain will get 16 x bigger

No, because the main contributor to blockchain bloat is transactions, not blocks themselves.  16 blocks with 20 transactions each is only slightly bigger than 1 block with 320 transactions.

1. No, the blockhain will not get bigger, its pre-set how many blocks will ever be mined

The blockchain will continue to grow, as blocks will be mined even after the block reward drops to zero.  Miners will mine for transaction fees.

[BitcoinBoard]

The name comes from feather to signify lightness ('light as a feather'). It's supposed to be lighter than litecoin.

You are awesome for pointing that out, didn't cross my mind!

[justabitoftime]

+1
I agree, like I said in another post it seems a logical progression.

If one is complete idiot, true that! 

"Zomg, he's like umm totally an idiot and a noob and a scammer and there's all types of pre-mining and crypto conspiracy."

There subStrata, I've just developed a sentence that will work 95% of the time for you thus saving you an incredible amount of time flaming. Here to help.

[justabitoftime]

The name comes from feather to signify lightness ('light as a feather'). It's supposed to be lighter than litecoin.

You are awesome for pointing that out, didn't cross my mind!

Great information.

[Come-from-Beyond]

Bitcoins = Regulated
Litecoins = Centralized
Feathercoins = Gold

Fixed.

Fixed.

[zdarkazn]

Bitcoins = Regulated
Litecoins = Centralized
Feathercoins = Gold

Fixed.

Fixed.

 

[Notanon]

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.

[zeded]

i think its going to be big.
i think the exchange rates soon would be 1 bitcoin for 50 litecoins and 1 bitcoin for 2500 feathercoins.
so 1 litecoin might equal 50 feathercoins.
I'm still mining.

[zdarkazn]

i think its going to be big.
i think the exchange rates soon would be 1 bitcoin for 50 litecoins and 1 bitcoin for 2500 feathercoins.
so 1 litecoin might equal 50 feathercoins.
I'm still mining.

Someone was just buying 1500 FC for 1BTC.

[mr_random]

The name comes from feather to signify lightness ('light as a feather'). It's supposed to be lighter than litecoin.

You are awesome for pointing that out, didn't cross my mind!

Great information.

Cheers guys  Spread the info on if you see someone else wondering some other day!

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.

People stopped mining Bytecoin because an ASIC started mega mining it, which caused the difficulty to jump to an absurdly high level and then the ASIC left the network, leaving the difficulty sky high for weeks.

[Waramp22]

Once a front end program comes out, there will be enough room for 500+ currrencies. Of course we dont need that many, but what is stopping people from competing and improving. Look at how many credit cards there are.

I predict that the "front end" program or wallet will accept any currency. It will be used with NFC technology in phones. Without a front end program, all cryptocurrencys are anchored to online purchases, or purchases where a product has to be shipped or where there is a delay. If the confirmation time takes more than 10 seconds, cryptocurrency will never be used in day to day purchases in real life. (yes, that means out side of your house) A debit card or visa takes 5 seconds, and that still too long somedays.

One more thing, cryptocurrency will be deposited into the wallet, and from there it will be spent without needing confirmation. Sort of like depositing money into paypal before you make a purchase, it confirms that paypal has the money, not your bank account. This is the only way to get around confirmation times.

[zeded]

i think its going to be big.
i think the exchange rates soon would be 1 bitcoin for 50 litecoins and 1 bitcoin for 2500 feathercoins.
so 1 litecoin might equal 50 feathercoins.
I'm still mining.

Someone was just buying 1500 FC for 1BTC.

woooowwww
i didnt expect it to be that big!
i will continue to mine!!!