Competitors
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Guys call other coins whatever you desire but the laws of supply and demand are still at play here. If we had the combined marketcap of Mega, World, and the current FTC share then we’d be a lot quicker to the punch. We haven’t even begun to see the amount of ALTs flood the market that will eventually take place and the dividing line will occur between peer to peer and bank-backed payment systems like JP Morgan just tried to initiate with a patent application. Now what if FTC cpuld patent an add on? That doesn’t negatively affect the community but it would put FTC in a unique position relative to the ‘alternatives’. Edit: Does it have to be open source to be deemed ‘good’?
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They are not competitors.We maintain the vitality. Do not afraid of any competition and conservative forces and Scissorhands.
But We must ensure that we are not a stumbling block to development FTC. -
dogecoin is going to be next bitcoin…also im going to be next president of United states :P
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[quote name=“Horizon” post=“44389” timestamp=“1387050747”]
Edit: Does it have to be open source to be deemed ‘good’?
[/quote]Short answer, yes. There is no competition to p2peer currency. It whips the floor with “fiat competition” and can’t be human manipulated.
The old system has already lost. In “chaos theory” terms, they have fell of the cliff and are calmly waiting to hit the bottom.
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[quote name=“Kevlar” post=“44138” timestamp=“1387006687”]
[quote author=Horizon link=topic=5972.msg44134#msg44134 date=1387005609]
Mega, World, and…Quark???
[/quote]They are not competitors, they’re alternatives. In a competition, one solution benefits when the other solution fails. In this game, a win for any crypto-currency is a win for ALL crypto-currencies.
Take the recent addition of FTC to Bittylicious. Do you think that Megacoin and Worldcoin lose because of this? No way! Making crypto-currencies available to people for ready spending benefits crypto-currencies. The market will decide valuation, but there’s plenty of room for all valuations, and therefore, all coins.
[/quote]Actually I think they are competitors.
If our goal is just to exist as a currency, just to be out there as an alternative, then you’re right, they’re not competitors.
But if the goal is user adoption and gaining value and securing a certain position in the cryptocurrency ladder, then they ARE competitors. We are fighting for the same resources: users and traders.
Well at least that’s how I see it. -
[quote name=“cyborg” post=“44637” timestamp=“1387121208”]
dogecoin is going to be next bitcoin…also im going to be next president of United states :P
[/quote]At least it’s something my not-exactly-much-of-a-mining-rig can mine profitably. For now.
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[quote name=“catnip” post=“44767” timestamp=“1387144870”]
[quote author=cyborg link=topic=5972.msg44637#msg44637 date=1387121208]
dogecoin is going to be next bitcoin…also im going to be next president of United states :P
[/quote]At least it’s something my not-exactly-much-of-a-mining-rig can mine profitably. For now.
[/quote]Hmmm… profitable you say? Let me see that a second…
[img]http://i.imgur.com/hQjN1aK.png[/img]
[img]http://i3.kym-cdn.com/entries/icons/original/000/005/545/OpoQQ.jpg[/img]
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[img]http://savepic.org/4795443.jpg[/img]
P.S. This is not a fake :D
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Yes, it’s not a fake. This bug really did occur. And if you believe it, I have a bridge for sale too. Only 1,000 FTC. Or 60,000,000,000 Doge coins.
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lol the picture
[quote name=“Kevlar” post=“45087” timestamp=“1387213545”]
[quote author=catnip link=topic=5972.msg44767#msg44767 date=1387144870]
[quote author=cyborg link=topic=5972.msg44637#msg44637 date=1387121208]
dogecoin is going to be next bitcoin…also im going to be next president of United states :P
[/quote]At least it’s something my not-exactly-much-of-a-mining-rig can mine profitably. For now.
[/quote]Hmmm… profitable you say? Let me see that a second…
[img]http://i.imgur.com/hQjN1aK.png[/img]
[img]http://i3.kym-cdn.com/entries/icons/original/000/005/545/OpoQQ.jpg[/img]
[/quote] -
[quote name=“ghostlander” post=“45094” timestamp=“1387214517”]
[img]http://savepic.org/4795443.jpg[/img]P.S. This is not a fake :D
[/quote]No, but one guy “paying” ten grand for a dogecoin to screw with the average isn’t sustainable.
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[quote]Hmmm… profitable you say? Let me see that a second…[/quote]
Ah, but .00029 * 3900 Dogecoins/day = $1.131 a day or $33.93 a month.
For FTC it is .33 * .07 = $0.0231 a day or $0.69 a month. That doesn’t even pay for the electricity. :)
Hence, I’m mining Dogecoins right now :)
(edit, correct for fallen FTC price)
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LOL at Coinmarketcap. I’ve seen that happen before, with EZcoin.
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[quote name=“catnip” post=“45121” timestamp=“1387219370”]
[quote]Hmmm… profitable you say? Let me see that a second…[/quote]Ah, but .00029 * 3900 Dogecoins/day = $1.131 a day or $33.93 a month.
For FTC it is .33 * .07 = $0.0231 a day or $0.69 a month. That doesn’t even pay for the electricity. :)
Hence, I’m mining Dogecoins right now :)
(edit, correct for fallen FTC price)
[/quote]Except it’ll NEVER maintain that valuation. Not even for a month.
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[quote name=“Kevlar” post=“45134” timestamp=“1387220995”]
[quote author=catnip link=topic=5972.msg45121#msg45121 date=1387219370]
[quote]Hmmm… profitable you say? Let me see that a second…[/quote]Ah, but .00029 * 3900 Dogecoins/day = $1.131 a day or $33.93 a month.
For FTC it is .33 * .07 = $0.0231 a day or $0.69 a month. That doesn’t even pay for the electricity. :)
Hence, I’m mining Dogecoins right now :)
(edit, correct for fallen FTC price)
[/quote]Except it’ll NEVER maintain that valuation. Not even for a month.
[/quote]I don’t expect it to. Let’s just say I’m glad to find a coin this old junker of a computer can mine…for now.
One of these days I’m gonna invest in a proper mining rig…
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[quote name=“Kevlar” post=“45134” timestamp=“1387220995”]
[quote author=catnip link=topic=5972.msg45121#msg45121 date=1387219370]
[quote]Hmmm… profitable you say? Let me see that a second…[/quote]Ah, but .00029 * 3900 Dogecoins/day = $1.131 a day or $33.93 a month.
For FTC it is .33 * .07 = $0.0231 a day or $0.69 a month. That doesn’t even pay for the electricity. :)
Hence, I’m mining Dogecoins right now :)
(edit, correct for fallen FTC price)
[/quote]Except it’ll NEVER maintain that valuation. Not even for a month.
[/quote]/b/ is seriously pushing the volume back and forth, though. Saw it myself last night where they were discussing what they could do to push value. They’re fauceting to their community right now, actually.
Will they get bored in a month? Probably.
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[quote name=“HopeStillFlies” post=“45163” timestamp=“1387224315”]
[quote author=Kevlar link=topic=5972.msg45134#msg45134 date=1387220995]
[quote author=catnip link=topic=5972.msg45121#msg45121 date=1387219370]
[quote]Hmmm… profitable you say? Let me see that a second…[/quote]Ah, but .00029 * 3900 Dogecoins/day = $1.131 a day or $33.93 a month.
For FTC it is .33 * .07 = $0.0231 a day or $0.69 a month. That doesn’t even pay for the electricity. :)
Hence, I’m mining Dogecoins right now :)
(edit, correct for fallen FTC price)
[/quote]Except it’ll NEVER maintain that valuation. Not even for a month.
[/quote]/b/ is seriously pushing the volume back and forth, though. Saw it myself last night where they were discussing what they could do to push value. They’re fauceting to their community right now, actually.
Will they get bored in a month? Probably.
[/quote]Not only will they get bored in a month, but they’ll move on to making fun of the people who thought the volume was here to say. Doge-trader memes on the horizon.
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So the moral of the story for those of you mining it with weak equipment is to convert it immediately into something you feel has staying power.
Anyway, they’re making it rain over there at /b/ right now, so anyone that actually wants to take the time to take the crap and then sell it over at that subreddit that acts an exchange, it might be a way to score some free FTC.
But then again, you’ll have to go to /b/. Where half the front page posts may be dogecoin threads, but the other half are a porn thread, a raid organization, a roll thread, a rule 34 thread and a 500 pound guy holding a lager doing an AMA.
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[quote name=“HopeStillFlies” post=“45196” timestamp=“1387228381”]
So the moral of the story for those of you mining it with weak equipment is to convert it immediately into something you feel has staying power.
[/quote]Yep.
I can’t tell you how many coins I’ve seen come and go on Cryptsy. People thought they were here to stay, so they bought in. 3 days later, they had been delisted, never to be traded on that exchange again.
It’s a trap. Don’t get caught in it.
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/b/… I assume 4chan. I’ll pass ;) I don’t go there.
No comment on Craptsy. oops, I just did. ::)
Okay okay, I get the point about dumping the Dogecoins now and putting them into something with staying power.
