Slipping ..
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I’ll be bluntly honest. The marketplace decides what wins or fails. There’s not a lot going on volume wise with feathercoin which is both good and bad. People are holding, but not buying. There’s minimal transactions.
Feather is on a springboard right now, but it’s not ready to make the jump. The innovations going on within the community I feel are ahead of their time. If you want this token to get more useful find a niche market for it. The feathercoin marketplace is a good start and I use it to sell FTC merchandise. T-shirts, mugs, branded mouse pads, whatever gets in peoples faces. This coin is designed to be an every day currency and the ftc-marketplace should reflect those values. As ChrisJ would put it, can I buy a loaf of bread? Maybe. Get on board with supermarkets and maybe find a way to issue store vouchers/credits for some FTC and list them in the marketplace. That way they don’t have to invest in the technology en masse, one wallet can handle the requests. I think if anything should be added is a way to go straight to BTC (I would say fiat but that’s problematic), and from there you can link into coinbase and the UK equiv to fund the vouchers with fiat.
Just a thought.
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Well I guess they can with Buttylicious now in the UK. There’s no good US fiat exchange for FTC at the moment, and if we never get a good one I’d be fine with that. I’d be fine with FTC taking over all of the EU and never touching us here in the states. Not being mean, just saying if it never reaches the US in such fashion but penetrates the UK it will have succeeded.
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People that have FTC want to get rid off it and no one is buying. On this forum people involved have their one interest at stake and will of course not give you an objective view.
I too think FTC have a future, but one also has to realize the situation at some point. Hold maybe around 10-15 % FTC and buy up when the tide turns.
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[quote name=“corather” post=“57896” timestamp=“1391845139”]
The feathercoin marketplace is a good start
[/quote]The feathercoin marketplace is a horrible start. It’s basically a place where people are selling useless or old junk (with the odd exception) that nobody wants to buy. I find it hilarious how people keep saying that we need to start using feathercoin as an actual currency and the only place they can point to is that marketplace, which is basically an online garage sale.
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There’s this site too … [url=https://cryptothrift.com/]https://cryptothrift.com/[/url]
I’ve paid a few contract laborers in FTC in the past. I donate with FTC. I’ve sold a few items on the marketplace in FTC. I’ve found quite a few uses. -
[quote name=“qwertybo” post=“57900” timestamp=“1391848828”]
[quote author=corather link=topic=7485.msg57896#msg57896 date=1391845139]
The feathercoin marketplace is a good start
[/quote]The feathercoin marketplace is a horrible start. It’s basically a place where people are selling useless or old junk (with the odd exception) that nobody wants to buy. I find it hilarious how people keep saying that we need to start using feathercoin as an actual currency and the only place they can point to is that marketplace, which is basically an online garage sale.
[/quote]Yes this is the reason why BTC got so valuable, sites like Silk Road gave people a reason to buy BTC. If we had a slick marketplace, people would have a reason to buy FTC. That’s gonna take time, money and operational clout. The best thing we could ever do is trade some FTC for money, buy some real world goods that all miners want, powered risers etc and try to push the currency that way.
The marketplace is key to our future…
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[quote name=“Tuck Fheman” post=“57901” timestamp=“1391851787”]
There’s this site too … [url=https://cryptothrift.com/]https://cryptothrift.com/[/url]
I’ve paid a few contract laborers in FTC in the past. I donate with FTC. I’ve sold a few items on the marketplace in FTC. I’ve found quite a few uses.
[/quote]I also have sold a few things for FTC on the market place, and also donated in FTC , purchased rounds of drinks with FTC and also payed someone for work they have done for me in FTC. I am not to worried about price, although I feel the current exchange rate into fiat is because of the GOX news and the declining price of Bitcoin.
FTC is a usable currency. -
To be fair my last post is actually how I feel and I wasn’t really trying to convince you to keep your coins or stay with the community. But for all those in this thread who think the coins on its way down and there is no innovation etc etc. Why are you still here. Just to bitch and moan?
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Keep the faith people, and today speak to two people about CC and the Feather :)
Theres some very good information on this site coupled with the knowledge you have that should enable you to explain it to them. If all of the active people on the forum does this, and only 1% of the people spoken to show an interest and then get involved, we would see an extra 1-2 people a day joining in and taking part.
I agree that right now it does look a bit bleak, I’ve seen the price drop by 50% whilst I have been active here! but you must remember that Rome was not built in a day. The dev’s are working in the background on some very interesting stuff, others are working their hardest to promote the coin.
So maybe it’s time to ask what can I do to help out? Think of 1 idea to promote the coin, and then talk about it, get others involved to help refine the idea, follow your idea up and encourage others to re-use the same idea in their area.
Promotion = Awareness = Adoption
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Suppression in the market brings fatigue to the community. It is tough to break out of this and will take time. We are constantly getting more support out there and we have plenty more good news coming up. It is frustrating that the market does not seem to take much notice of the progress we make as a price rise would be seen as a mark of confidence.
The bright side is that Feathercoin can be considered cheap right now.
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Rome isn’t build in a year, so do BTC (5 years old now!) and even LiteCoin. :P
As long as we keep pushing and pushing and pushing, we’ll be noticed.
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I would love to run the FTC Market, stock it with crypto mining equipment, order in from China in bulk and drip feed it out to get people buying FTC…
Being in Australia though I’m not sure people are going to want to cover the postage costs…
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For selfish reasons, I’m glad the price has dropped a bit. It just allows me to scoop more up when people decide to jump ship. There are some very talented people doing some amazing things in this community. The people that I’ve talked to in this community are awesome and that is enough for me. I don’t worry about the current valuation that’s been stamped on FTC any given day. I tell people about what I’ve got going on, without being to assertive, and rely on my personal influence and trust that I’ve build with them to get them to invest their time.
I was going to wait and make some sort of announcement, but this seems like an appropriate time/place. As some may know, I work at a screen printing shop in Jackson, MI. We’ve started accepting FTC and some other CCs on one of our t shirt websites. [b]Starting next week, we will be accepting FTC for anything that we sell at the shop[/b]. Custom orders and our other shirt websites included. I will be getting some signage going and integrating a 3rd party service to make the transactions run smoothly starting Monday.
We’re just one small brick and mortar shop, but merchant adoption is going to be huge moving forward.
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[quote name=“qwertybo” post=“57900” timestamp=“1391848828”]
[quote author=corather link=topic=7485.msg57896#msg57896 date=1391845139]
The feathercoin marketplace is a good start
[/quote]The feathercoin marketplace is a horrible start. It’s basically a place where people are selling useless or old junk (with the odd exception) that nobody wants to buy. I find it hilarious how people keep saying that we need to start using feathercoin as an actual currency and the only place they can point to is that marketplace, which is basically an online garage sale.
[/quote]It’s a microcosm of eBay. Have you wandered around on eBay separate from your immediate interests? You have one guy going really gung-ho putting his wares up there, and I’m sick of looking at records and postcards but I can’t blame him for making something happen --it’s entirely what the site is there for.By that same token, we have threads every couple of weeks where someone goes “well, what do people WANT on the marketplace?” and I rarely see people contribute to those.
I could fill that marketplace with every dropship piece of equipment or electronics that appeals to this demographic but would [i]that[/i] even make people happy?
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It would make me happy 8)
haha
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[quote name=“HopeStillFlies” post=“57978” timestamp=“1391895362”]
[quote author=qwertybo link=topic=7485.msg57900#msg57900 date=1391848828]
[quote author=corather link=topic=7485.msg57896#msg57896 date=1391845139]
The feathercoin marketplace is a good start
[/quote]The feathercoin marketplace is a horrible start. It’s basically a place where people are selling useless or old junk (with the odd exception) that nobody wants to buy. I find it hilarious how people keep saying that we need to start using feathercoin as an actual currency and the only place they can point to is that marketplace, which is basically an online garage sale.
[/quote]It’s a microcosm of eBay. Have you wandered around on eBay separate from your immediate interests? You have one guy going really gung-ho putting his wares up there, and I’m sick of looking at records and postcards but I can’t blame him for making something happen --it’s entirely what the site is there for.By that same token, we have threads every couple of weeks where someone goes “well, what do people WANT on the marketplace?” and I rarely see people contribute to those.
I could fill that marketplace with every dropship piece of equipment or electronics that appeals to this demographic but would [i]that[/i] even make people happy?
[/quote]I’ve been doing some sums, and I’m damn close to ordering bulk mining bits and bobs from China. Even with postage from Australia, I can make some money selling in FTC and it will be good for the currency…
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I was hoping to start selling Blu-Rays and DVDs on the Marketplace, but when I did some research on the forum the response was depressing.
I was of the opinion that Blu-Rays and DVD’s are one of the most popular household electronic consumables and therefore could do quite well. The offering currently on there is terrible too. Judging by the response I had at the time though I was wrong, and I do not want to go to great lengths purchasing and listing large amounts of items for them to just sit.
Maybe computer games would be a better way to go …
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[quote name=“new2crypto” post=“57988” timestamp=“1391899088”]
I was hoping to start selling Blu-Rays and DVDs on the Marketplace, but when I did some research on the forum the response was depressing.Maybe computer games would be a better way to go …
[/quote]The way forward at the moment is meets, and training up merchants. In a way you should be pleased the price is low, the leached coins the multipools are selling off are cheaper than I can mine.
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I work in retail systems, I have the same concerns, from what I would imagine, most retailers will be very happy to take reduced payment fees vs chip & pin, pingit, paypal et al but have very little interest in the technology or the currency behind it. If it reconciled once a day and spat them out fiat, I think it would be an easier sell.
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[list][quote name=“iawgoM” post=“57997” timestamp=“1391902651”]
[list][*]Say I am a merchant (registered company), and I want to sell stuff for CC. I calculate the price (should be automated), buyer pays me certain amount of FTC. And then what? Is there any country that has actually defined CC legally? How do I explain this to IRS? How do I, as a company, get fiat out of it? Don’t know if it’s allowed to sell 4GB RAM for a sack of potatoes, unless I exchange those potatoes for fiat, and then I can MAYBE explain to tax clerk that I have actually sold RAM for money…? :) Anyone care to explain how this is done?[/list][/quote]OK so speaking to an accountant friend of mine, this should be no different than excepting a payment for a UK in company in say USD, You recored the exchange rate at the point you received the FTC, and that is what it should be [b]taxed[/b] at, if you happen to exchange it at a different rate to the day trade rate then so be it. [b]Please note this does not constitute advice!!![/b]
[quote]
[list][*]I hope that answer to above is not: you keep the CC for yourself, and pay your company out of your pocket (basically you buy CC for yourself, and company has to “fake” who actually bought the RAM?).[/list]
[/quote]
Why do is anything need to be faked? Just invoice your pocket from the company for the FTC. As long as you can prove that the payment made from your pocket was at the day exchange rate I don’t see why not, but please remember, any profits “you” make on that FTC should in turn be declared on your tax return! [b]Again Please note this does not constitute advice!!![/b]
[quote]
[list][*]I can get in touch with one awesome merchant (Kickstarter funded much more that they asked for) who will soon sell stuff that EVERYONE wants (major world companies, I’m not allowed to speak of any names yet). Maybe, just maybe I could convince them to take crypto, maybe even limit it at first time to FTC, don’t really know how much influence I could have there, but worth a shot! They probably wouldn’t say no if we serve them with full solution regarding point #1.[/list]
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Now this is what we are talking, adoption will lead to stability and growth :) I’m sure the key here is detailed and accurate records of the transactions regarding FTC, or any other crypto for that mater, is the key here.
[quote]
[list][*]P.S. A good start will be, that I’ll buy certain amount of those products (gadgets) and offer them exclusively on Feathercoin market :) Basically, I’ll be buying FTC and give FTC users a chance to purchase something that is new/cool/useful and not something form “garage sale” as someone said above…
[/list]
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Ohh now you have to give us more information than that, I have spent unfolds amount of money on the latest gadget I will continue to do so till SWMBO says stop, but trust me she is never going to say that ;)[quote author=MrWyrm]
I work in retail systems, I have the same concerns, from what I would imagine, most retailers will be very happy to take reduced payment fees vs chip & pin, pingit, paypal et al but have very little interest in the technology or the currency behind it. If it reconciled once a day and spat them out fiat, I think it would be an easier sell.
[/quote]I have to agree with you, after the scan.co.uk post today, I took a more detailed look into BitPay.com and they do just that on the surface, where as FTC payment engines like coin payments.net spit out your payment in FTC. This is going to cause cash flow issues for a lot of smaller business due to the volatility of CC.
UM
