Why I think Feathercoins will be a succes

[BitcoinBoard]

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.

Wouldn't such a wallet which didn't need confirmations and acted like paypal, defeat the purpose of a non centralized currency? Then the paypal-like-wallet will also charge transaction fees etc

[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.

Wouldn't such a wallet which didn't need confirmations and acted like paypal, defeat the purpose of a non centralized currency? Then the paypal-like-wallet will also charge transaction fees etc

No because it doesnt have control over it. Its just a tool. Paypal does not have control over the USD. The government does. Paypal would charge a fee but how else are you going to eliminate the confirmation time that is holding cryptocurrency back?

[serge79]

Bitcoins = Regulated
Litecoins = Centralized
Feathercoins = Gold

Fixed.

Fixed.

 

 

[Invest0r]

Bitcoins = Regulated
Litecoins = Centralized
Feathercoins = Gold

Fixed.

Fixed.

 

 

Very true.

[Scooby903]

Bitcoins = Regulated
Litecoins = Centralized
Feathercoins = Gold

Fixed.

Fixed.

 

 

 

[seleme]

It would be much easier if you had just wrote - I mined/bought some feathercoins, they better be more expensive in the future, I want to make some money.

[Praxis]

It would be much easier if you had just wrote - I mined/bought some feathercoins, they better be more expensive in the future, I want to make some money.

This.

[BTCSylar]

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!!!

Exchange rate is already 1 bitcoin for 30 litecoins.

[RetardedMonkey]

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

You said there's a "few points" as to why it's not a replica.
You've only given us one - the rest of your post is true of any single crypto currency in existence.

4 times more?
Oh awesome, highly innovative etc. 

[RetardedMonkey]

P.S.

Gold/Silver are regularly bought and sold.... who the hell buys and sells Bronze?

[Snowfire]

P.S.

Gold/Silver are regularly bought and sold.... who the hell buys and sells Bronze?

http://www.grn.com/a/0410.html

[zdarkazn]

Why does everything keep getting stuck on gold/silver, theres more in the PGM family group that ARE traded too..

[jubalix]

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

[skull88]

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

[bitcon]

i'm already mining aircoins.  much lighter than LTC and FTC.

[jubalix]

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

[jubalix]

i'm already mining aircoins.  much lighter than LTC and FTC.

this is exactly what will happen if FTC is takes over from LTC

[saddambitcoin]

I just mined 1 FC on my new ASUS laptop purchased from bitcoinstore

[Elwar]

I am working on an alt currency that will have 4 times as many coins as FeatherCoin.

I will call it HeliumCoin.


4 times as many coins as FeatherCoin which has
4 times as many coins as LiteCoin which has
4 times as many coins as Bitcoin.

Bitcoin: Gold
LiteCoin: Silver
FeatherCoin: Bronze
HeliumCoin: Aluminum


It should catch on well (as long as nobody comes up with a smarter plan to have an alt coin with 4 times as many HeliumCoins...VacuumCoin).

[kochmann799]

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).

Hell, if I had skills I would make one myself, since it's becoming tedious with like six programs on your comp xD