Why is everyone loving Feathercoin so much?

[empoweoqwj]

You have a coin which is driven purely by speculation and has no actual services built for it.

It exists in a vacuum of other speculators and miners who all want to get rich and don't want to be the ones left holding the bag 

It is a currency. Currencies have speculation.


The fact is that Litecoin and Feathercoin both are the most female-friendly coins in terms of their names, and conservative nature.

How is "Lite" any more female-friendly than "Bit"? Because girls love to feel slim?

Think I'll launch tamponcoin next month - a female-only currency.

[skull88]

You have a coin which is driven purely by speculation and has no actual services built for it.

It exists in a vacuum of other speculators and miners who all want to get rich and don't want to be the ones left holding the bag  

It is a currency. Currencies have speculation.


The fact is that Litecoin and Feathercoin both are the most female-friendly coins in terms of their names, and conservative nature.

How is "Lite" any more female-friendly than "Bit"? Because girls love to feel slim?

Think I'll launch tamponcoin next month - a female-only currency.

Don't forget to build in that once in a month the difficulty swings unexpectedly from high to low and back to high and we don't understand how the hell this is possible.
The client also should crash in that time of the month if you pay for porn with your coins.

[Boelens]

Don't forget to build in that once in a month the difficulty swings unexpectedly from high to low and back to high and we don't understand how the hell this is possible.

Look for a dev team to make ChaosCoin - where each and all parameters would be affected by random values fetched from www.random.org  

That would be brilliant! Nobody would mine or use it though because of that reason though.

[Peleus]

We dont need a Litecoin clone, because Litecoin is already orders of magnitude more secure than Bitcoin from an attack.

http://www.reddit.com/r/litecoin/comments/1cssqr/the_math_why_litecoin_is_more_secure_than_bitcoin/

Its fairly simple math, try running the numbers yourself.

The 3rd big coin behind BTC and LTC wont be some clone - it will be a brand new alt with a lot of fresh ideas. It was proposed by forum member Tacotime and they are currently finishing up the ideas and implementations for the whitepaper and getting ready to start development. Its going to be big. Very big. It also wont be a premined scamcoin like Feathercoin. It will be legit, with an announced, timed release so everyone begins mining at once.

Until then, its BTC and LTC only for me, I can do without some quick alt-coin pump-n-dumps. Just dont want to get caught holding the bag.

http://en.wikipedia.org/wiki/Bagholder

Someone doesn't understand how 51% attack's work...

[Dacm4n]

I've read a lot of different posts about the popularity of Feathercoin and I'm wondering where it has come from.

What is causes value for these coins to go up so rapidly?  For Litecoin it offers another alternative to Bitcoin because is hashing algorithm is different, to name just one benefit.

Does anybody feel this block chain is a bad idea? A get rich quick scheme? It seems like the market is just fascinated by *coins at the moment so a lot of miners are dumping their CPU's and GPU's into Feathercoin in an attempt to cash in on it's initial introduction to various exchanges.

I'd like to hear your thoughts on why you support or do not support FC, and if you own any or plan on owning any in the near future.

It's most likely a pump and dump coin. I say that because so little was changed from where it originated from (litecoin). Long term I see it going nowhere for that reason. I think the next real alt-coin to gain lots of popularity like btc and ltc will either be one based on a different hashing method (non sha256/scypt) or with the mining completely removed.

[skull88]

I think the next real alt-coin to gain lots of popularity like btc and ltc will either be one based on a different hashing method (non sha256/scypt) or with the mining completely removed.

If the things discussed in this topic lead to something I think we have that coin: https://bitcointalk.org/index.php?topic=190401.0

[efodix]

Doesn't anybody see a problem with this inflation of coins? It doesn't matter if the coins themselves are capped if you get a new coin every day. We can only hope they all fail in their infancy, otherwise the whole cryptocurrency world will end up in a hyperinflation that will be much worse than your average fiat inflation.

[CoinHoarder]

Doesn't anybody see a problem with this inflation of coins? It doesn't matter if the coins themselves are capped if you get a new coin every day. We can only hope they all fail in their infancy, otherwise the whole cryptocurrency world will end up in a hyperinflation that will be much worse than your average fiat inflation.

Yes, a lot of other members have posted these concerns myself included.

But, everyone just wants to be an early adopter so bad they ignore all the problems that these new coins bring, and ignore the fact that these new coins bring no new innovation or value to the crypto coin community.

Don't speak your opinion about Feathercoin though, the feathercoiners will brush you aside as a troll and forum ignore you (as most of them have done to me).  

[LaggedOnUser]

Doesn't anybody see a problem with this inflation of coins? It doesn't matter if the coins themselves are capped if you get a new coin every day. We can only hope they all fail in their infancy, otherwise the whole cryptocurrency world will end up in a hyperinflation that will be much worse than your average fiat inflation.

That certainly is possible.  This is why fiat money used to be backed by a commodity like gold or silver, to prevent hyperinflation or destruction of the currency.  That reminded me of the old quote by Voltaire, "Paper money eventually returns to its intrinsic value – zero." (Voltaire, 1694-1778)  I looked it up and this site had an interesting discussion of the failure rate of fiat currency: http://historysquared.com/2012/06/26/fiat-currencies-trend-towards-their-intrinsic-value-often-rather-quickly/

Out of the 775 fiat currencies that used to exist, 599 are no longer in circulation.  While Bitcoin can't be inflated away according to its definition, it could be discontinued, made illegal, replaced by other altcoins, or just crowded out of the market as you suggest.

I don't think the failure of Bitcoin is inevitable though.  It has the best name recognition of all the altcoins, and the network effect (the more people use it, the more people want to use it).  Compare Facebook for example.  While its success might spawn imitators, they will find it hard to compete with the Facebook name and all the existing people on that network.  So Bitcoin might have some staying power as well.

[efodix]

Doesn't anybody see a problem with this inflation of coins? It doesn't matter if the coins themselves are capped if you get a new coin every day. We can only hope they all fail in their infancy, otherwise the whole cryptocurrency world will end up in a hyperinflation that will be much worse than your average fiat inflation.

That certainly is possible.  This is why fiat money used to be backed by a commodity like gold or silver, to prevent hyperinflation or destruction of the currency.  That reminded me of the old quote by Voltaire, "Paper money eventually returns to its intrinsic value – zero." (Voltaire, 1694-1778)  I looked it up and this site had an interesting discussion of the failure rate of fiat currency: http://historysquared.com/2012/06/26/fiat-currencies-trend-towards-their-intrinsic-value-often-rather-quickly/

Out of the 775 fiat currencies that used to exist, 599 are no longer in circulation.  While Bitcoin can't be inflated away according to its definition, it could be discontinued, made illegal, replaced by other altcoins, or just crowded out of the market as you suggest.

I don't think the failure of Bitcoin is inevitable though.  It has the best name recognition of all the altcoins, and the network effect (the more people use it, the more people want to use it).  Compare Facebook for example.  While its success might spawn imitators, they will find it hard to compete with the Facebook name and all the existing people on that network.  So Bitcoin might have some staying power as well.

Yeah, we can all hope the network effect is strong enough, although it's certainly not as strong as facebook's. Actually a huge number of weak and unsafe competitors may be better than two or three strong ones.

[justabitoftime]

Don't speak your opinion about Feathercoin though, the feathercoiners will brush you aside as a troll and forum ignore you (as most of them have done to me).  

There you go, telling people what to do again and putting everyone in tiny little boxes. Great job!

[serge79]

Don't speak your opinion about Feathercoin though, the feathercoiners will brush you aside as a troll and forum ignore you (as most of them have done to me).  

There you go, telling people what to do again and putting everyone in tiny little boxes. Great job!

+1 This was fun! 

[thep33t]

ITT:
1) Haters
2) Hater Haters

[powdabam]

I recognize that BTC is flawed.  They are well known flaws and although people are trying to find cures, there are new alt coins that solve these problems.  I'm confident there will be an alt coin that takes over I'm just no sure which one.  I really like the idea of LTC and that's why I'm mining it.  I don't agree with FTC cause it doesn't add anything new.  I figure an alt coin has to atleast add something new that improves on the product (cyber currency).

[md34ma]

CHN will take over the world!

[bitcoiners]

You have a coin which is driven purely by speculation and has no actual services built for it.

It exists in a vacuum of other speculators and miners who all want to get rich and don't want to be the ones left holding the bag 

It is a currency. Currencies have speculation.


The fact is that Litecoin and Feathercoin both are the most female-friendly coins in terms of their names, and conservative nature.

female friendly names?? conservative nature?? lol

anyway cant wait when this retargets in 16 hours...

Same here. I can't either....

Imperi's reasoning is the dumbest thing I've ever heard or read regarding crypto.  GIRL POWER! lulz.  People will fall back on anything once reason ceases to exist. FTC is worth ZERO.  I can't wait to watch people loose their asses.  This is fun.

[CoinHoarder]

CHN will take over the world!

In non-communist decentralized ChinaCoin, coin spend you!  

[Minas3d]

Fanboyism is a goddamn cancer, why must it exist in every niche and community?

[eclipse81]

I'm out of Feathercoin, sold all 45.000 Coins and I'm extremly happy with the income. (Sold them between 14.6 LTC and 45 LTC per 1000 FTC)

If FTC goes to 0.1 LTC or even higher, I maybe won't be that happy any more :-)

I think they are at approx .16 ltc at moment

[BBQCoinsFTW]

Damn those FTC's are expensive!