Increase Feathercoins buy volume.
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you all right. I meant that FTC as the support of this stong community.
never the less i agree that just a community is not enough and like someone else mention the goal should be that the coin will be used for real trade (for example in e-bay).
I think that with work of the community in the long run FTC will be there.
At least i hope so… ::) -
Hello friends,
Here are some more thoughts on how we can improve Feathercoin’s resilience against the current market forces. While I may be speaking in categorical terms this is only to save myself time from caveating everything I say with “my opinion is” or “there is a tendency to…” etc. Please offer your objections or thoughts.
[b]TLDR[/b]:
[list type=decimal]
[*]Improve the website
[*]Spend and earn your Feathercoins for [url=https://feathercoinmarket.com/]real goods[/url]
[*]Get involved: if there’s a problem you are the problem
[/list][center][size=14pt][b]1. Make a better [url=http://forum.feathercoin.com/index.php/topic,6616.msg52168.html#msg52168]website[/url][/b][/size][/center]
Knowing how to look good is in itself a form of knowledge. When speculators approach their purchasing decisions in a market they are not buying what [i]they[/i] think is a good, they they are buying what they believe [i]other[/i] people think is good. That’s the difference between a speculator and a retail buyer who buys for their personal utility.
Question: With the same information I have just learned what will other people do?
If answer = buy [i]then[/i] buy now and sell later for profit.So by making our website new and current we will be sending a powerful signal to the speculators (liquidity pools) in the market that we believe in ourselves and know how to communicate with others.
In addition it will also help encourage new members join.
Remember reputation is not a choice, it exists as soon as two or more people agree on a fact about you.
[center][size=14pt][b]2. Spending and earning Feathercoin[/b][/size][/center]
Another thing you can do to increase Feathercoin’s market cap is to buy and sell everyday goods and necessities for Feathercoin giving the market an alternative price comparison than just Feathercoin Vs Bitcoin.You can break down your Feathercoins in to 3 categories:
[list type=decimal]
[*]The ones you save/hoard
[*]The ones you spend and earn on everyday goods and services
[*]The ones you use to manage your risk in the market (eg arbitrage of selling in to strength on the market
[/list]Personally I tend only to engage in the first two. But risk management is a healthy part of anyone’s financial port folio and I do not want to ignore it.
Most people just do number 1 because it is the easiest. Number 2 is often left to other people but the I would claim that it’s not as difficult as you think and will be a strong signal to the market that you believe Feathercoins are worth more than some theoretical future value.
By only engaging in 1 and 3 you are making yourself a slave to the market, the general will of society. You are allowing your activities to be controlled by the decisions and beliefs of others and depriving yourself of independence.
[center][size=14pt][b]3. Getting involved in Feathercoin development[/b][/size][/center]
In a business you are engaged in 3 principle activities:[list type=decimal]
[*]Making money
[*]Saving money
[*]Increasing awareness
[/list]Or put differently:
[list type=decimal]
[*]Creating value
[*]Protecting previously captured value
[*]Spreading awareness to get others to engage in the same enterprise (as either consume or producer)
[/list]A business is a sequence of activities. There are two main departments in a business: the producers (in our case coders) and the communicators (marketers who talk about the work of the coders).
[b]Historically successful businesses have been ones where the developers and marketers have shown a mutual respect for one another’s profession[/b]. Interestingly everyone is a marketer even if they are a coder because there is no such thing as non-communication. Everyone is a representative of Feathercoin whether they like it or not if they are engaged in the business.
So you can get involved in the code by starting with a [url=http://forum.feathercoin.com/index.php/topic,6894.0.html]tiny step[/url]. And/or you can help by talking about Feathercoin to others and [url=http://feathertipper.com/]helping to develop[/url] awareness and [url=https://bitcointalk.org/index.php?topic=415668.msg4510628#msg4510628]understanding[/url].
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[img]http://imagizer.imageshack.us/v2/800x600q90/202/u0hd.jpg[/img]
Took out some FTCs with the BTC I mined today via Middlecoin on 2 GPU :D
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;D
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Which site is that you are using?
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[quote name=“MrWyrm” post=“53665” timestamp=“1390321381”]
Which site is that you are using?
[/quote]Cryptsy.
I do trade on BTCe too, but that depends on where I can get FTC cheaper at that moment. ;D -
Another day, another removal of FTCs from the market into my trusty cold storage ;D [AMD 7950 + R9 280x on MiddleCoin]
[img]http://imagizer.imageshack.us/v2/800x600q90/827/2bkl.jpg[/img]
[img]http://imagizer.imageshack.us/v2/800x600q90/600/els1.png[/img]I will be able to remove as much as 900 FTC daily once 2 of my 600GH/s Bitcoin ASIC arrive! :P
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Am I the only one comfortable with ftc’s price remaining stable and low for the time been?
I know we should be worth a lot more, but there’s basically only 6 to 8 months before the price will have no other alternative to double or triple and find a new floor/base price.
Isn’t stability a good thing?
Is it not inevitable that with scrypt asics and yet even more powerful sha asics coming onto market, the price will increase dramatically?
A low difficulty incentivise’s new miners to choose ftc and this helps distribute the network greater, correct?
I think the best thing to do, is to balance out ones efforts between buying ftc to hold and spend, mining ftc to hold and spend, and donating some ftc to friends who are yet to take the plunge.
It’s important that non introduced people realise how practical the coin can be.
It’s important to support the network by mining.
It’s important to buy ftc to keep trading volumes up.
It’s important that ftc’s price remains stable and grows steadily over time.I think, the price is ok.
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[quote name=“Calem” post=“54154” timestamp=“1390451030”]
Am I the only one comfortable with ftc’s price remaining stable and low for the time been?I know we should be worth a lot more, but there’s basically only 6 to 8 months before the price will have no other alternative to double or triple and find a new floor/base price.
Isn’t stability a good thing?
Is it not inevitable that with scrypt asics and yet even more powerful sha asics coming onto market, the price will increase dramatically?
A low difficulty incentivise’s new miners to choose ftc and this helps distribute the network greater, correct?
I think the best thing to do, is to balance out ones efforts between buying ftc to hold and spend, mining ftc to hold and spend, and donating some ftc to friends who are yet to take the plunge.
It’s important that non introduced people realise how practical the coin can be.
It’s important to support the network by mining.
It’s important to buy ftc to keep trading volumes up.
It’s important that ftc’s price remains stable and grows steadily over time.I think, the price is ok.
[/quote]Yes, yes, yes, yes, and yes. Your hero members status is well earned.
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[quote name=“Kevlar” post=“54477” timestamp=“1390518067”]
[quote author=Calem link=topic=6892.msg54154#msg54154 date=1390451030]
Am I the only one comfortable with ftc’s price remaining stable and low for the time been?I know we should be worth a lot more, but there’s basically only 6 to 8 months before the price will have no other alternative to double or triple and find a new floor/base price.
Isn’t stability a good thing?
Is it not inevitable that with scrypt asics and yet even more powerful sha asics coming onto market, the price will increase dramatically?
A low difficulty incentivise’s new miners to choose ftc and this helps distribute the network greater, correct?
I think the best thing to do, is to balance out ones efforts between buying ftc to hold and spend, mining ftc to hold and spend, and donating some ftc to friends who are yet to take the plunge.
It’s important that non introduced people realise how practical the coin can be.
It’s important to support the network by mining.
It’s important to buy ftc to keep trading volumes up.
It’s important that ftc’s price remains stable and grows steadily over time.I think, the price is ok.
[/quote]Yes, yes, yes, yes, and yes. Your hero members status is well earned.
[/quote]But still, I bought all my Feathercoins at .67 mBTC with BTC being 900USD. It still hurts a little :*
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[quote name=“Pryderi” post=“54480” timestamp=“1390518372”]
[quote author=Kevlar link=topic=6892.msg54477#msg54477 date=1390518067]
[quote author=Calem link=topic=6892.msg54154#msg54154 date=1390451030]
Am I the only one comfortable with ftc’s price remaining stable and low for the time been?I know we should be worth a lot more, but there’s basically only 6 to 8 months before the price will have no other alternative to double or triple and find a new floor/base price.
Isn’t stability a good thing?
Is it not inevitable that with scrypt asics and yet even more powerful sha asics coming onto market, the price will increase dramatically?
A low difficulty incentivise’s new miners to choose ftc and this helps distribute the network greater, correct?
I think the best thing to do, is to balance out ones efforts between buying ftc to hold and spend, mining ftc to hold and spend, and donating some ftc to friends who are yet to take the plunge.
It’s important that non introduced people realise how practical the coin can be.
It’s important to support the network by mining.
It’s important to buy ftc to keep trading volumes up.
It’s important that ftc’s price remains stable and grows steadily over time.I think, the price is ok.
[/quote]Yes, yes, yes, yes, and yes. Your hero members status is well earned.
[/quote]But still, I bought all my Feathercoins at .67 mBTC with BTC being 900USD. It still hurts a little :*
[/quote]I bought most of mine at .88 mBTC :b But I also bought some at 1.40mBTC. But Iam fine with that, its gonna go up, and Iam in for longterm.
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[quote name=“Calem” post=“54154” timestamp=“1390451030”]
Am I the only one comfortable with ftc’s price remaining stable and low for the time been?
[/quote]No, whenever someone tries a “to the moon” wish that a FTC be worth $10USD my response has pretty much been “You want $10 McDoubles?”I know there’s no direct correlation, I just can already see a USD not going as far as it did two years ago and our desire to append that value to it devalues it in kind.
I don’t know what the solution is for that line of thinking. Spacely Sprockets being the world standard for an object that never goes up or down in value and all currencies revolving around that maybe.
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[quote name=“Pryderi” post=“54480” timestamp=“1390518372”]
But still, I bought all my Feathercoins at .67 mBTC with BTC being 900USD. It still hurts a little :*
[/quote][img]http://i1.kym-cdn.com/photos/images/original/000/117/021/enhanced-buzz-28895-1301694293-0.jpg[/img]
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[url=https://feathercoinmarket.com/item.php?id=319]SPEND THEM![/url]
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[quote name=“HopeStillFlies” post=“54496” timestamp=“1390524870”]
[quote author=Calem link=topic=6892.msg54154#msg54154 date=1390451030]
Am I the only one comfortable with ftc’s price remaining stable and low for the time been?
[/quote]No, whenever someone tries a “to the moon” wish that a FTC be worth $10USD my response has pretty much been “You want $10 McDoubles?”I know there’s no direct correlation, I just can already see a USD not going as far as it did two years ago and our desire to append that value to it devalues it in kind.
I don’t know what the solution is for that line of thinking. Spacely Sprockets being the world standard for an object that never goes up or down in value and all currencies revolving around that maybe.
[/quote]Have I told you lately that I’m your biggest fan, Hope? It’s true. +1 rep.
Many many moons ago, I was launching an independent game company, writing whitepapers on economics in gaming, and developing canon for the series franchise. The year was 2008, and Bitcoin hadn’t been invented yet.
The problem we were facing was explaining money in the future: What would a space-faring-faster-than-light-traveling-civilization use for it’s currency? One proposed solution was this: http://en.wikipedia.org/wiki/Quasi_Universal_Intergalactic_Denomination
Basically the selling points were that it had no sharp edges, was chemically inert, and had other advantages over paper money. I thought this was [u][b]stupid[/b][/u].
So I started designing my own future-proof currency. I reasoned that the most important resource for such a civilization was energy, so I started with the base unit of a joule, which is a measurement of potential for work to be done, as opposed to the watt, which is a measurement of work that has already been performed. And I realized I needed go no further than that. In fact, it was the ultimate unit of exchange.
A given technology will be able to produce energy at a given efficiency rating. For a given cubic meter of space in any given location in time, a finite amount of energy would be present, and theoretically harvest-able; If a technology were to reach 100% efficiency, the area of space would reach 0 degrees kelvin. A much more realistic probability is that a given technology would be able to harvest a fraction of a percentage… like a solar panel. So a given technology could be priced in accordance with how much potential for energy it had, and disruptive technologies would be the ones that drastically increased the efficiency of harvesting.
This turned out to be revolutionary: A given set of laborers could produce X amount of effort over Y amount of time given Z amount of food. That food required N amount of work to produce. EVERYTHING COULD BE TIED BACK TO ENERGY! You could transact your currency using any medium you wanted, like a battery which had a given charge, including no medium: a contract saying that X work will be performed in trade for something else, leading to exchange and derivative markets. A currency of one type could purchase T amount of work, so was therefore valuable for T amount of joules, giving rise to a perfect exchange rate for ANY currency. Suddenly, every localized civilization was capable of supporting their own currency, and markets could readily be established to enable trading between localized currencies by using a common unit of measure for the exchange rate, which was supported by a given market.
Finally, the ultimate solution. It would work, it would scale, and nobody would have to get nailed to anything for people to believe in it.
Today, we’re a whole lot closer to realizing such a utopian dream: crypto-currencies represent the first step in an energy based economy, where energy must be spent in order to produce value. The next logical step is another layer of abstraction on top of that to measure just how much energy is being spent, and a market to equalize that potential. Since the last revolution took several thousand years, I won’t hold my breath… but crypto-currencies may still make a prophet out of me yet.
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I remember seeing those QUIDs. I didn’t remember anything else about them, but I guess they had that going for them, being recognizable.
Your energy concept reminds me, and it’s a bit of an aside, but did you catch that Let’sTalkBitcoin podcast where they were interviewing the guy that was wanting to build an economy out of moonshine? The concept being a fuel-based economy but one that anyone with the desire to build a still can contribute to and creating co-ops and shares in the co-op through a cryptocurrency would make it profitable for people to have a surplus while simultaneously encouraging an environment of living within means.
I’d link you to it, but their site is atrocious to search through on my 50k connection at home.
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[quote name=“ChekaZ” post=“54482” timestamp=“1390518814”]
[quote author=Pryderi link=topic=6892.msg54480#msg54480 date=1390518372]
[quote author=Kevlar link=topic=6892.msg54477#msg54477 date=1390518067]
[quote author=Calem link=topic=6892.msg54154#msg54154 date=1390451030]
Am I the only one comfortable with ftc’s price remaining stable and low for the time been?I know we should be worth a lot more, but there’s basically only 6 to 8 months before the price will have no other alternative to double or triple and find a new floor/base price.
Isn’t stability a good thing?
Is it not inevitable that with scrypt asics and yet even more powerful sha asics coming onto market, the price will increase dramatically?
A low difficulty incentivise’s new miners to choose ftc and this helps distribute the network greater, correct?
I think the best thing to do, is to balance out ones efforts between buying ftc to hold and spend, mining ftc to hold and spend, and donating some ftc to friends who are yet to take the plunge.
It’s important that non introduced people realise how practical the coin can be.
It’s important to support the network by mining.
It’s important to buy ftc to keep trading volumes up.
It’s important that ftc’s price remains stable and grows steadily over time.I think, the price is ok.
[/quote]Yes, yes, yes, yes, and yes. Your hero members status is well earned.
[/quote]But still, I bought all my Feathercoins at .67 mBTC with BTC being 900USD. It still hurts a little :*
[/quote]I bought most of mine at .88 mBTC :b But I also bought some at 1.40mBTC. But Iam fine with that, its gonna go up, and Iam in for longterm.
[/quote]Sorry for this big qoute - I’m just in it for the excitement and will not sell my Feathercoins for any FIAT in the coming 4 years or so. I mad my first purchase with it yesterday on the Marketplace so hooray! The price isn’t the thing that worries me, the fact people keep thinking it’s game over instead of taking over the game itself by spreading the word (the bird, the bird, the bird is the word). I will keep stimulating and am in for helping all these current ‘‘let’s do somethings’’.
