Myriad coin pumped 100% after releasing SMS wallet
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Aaaaand dump 100%
You sound a bit jealous
and nope, not 100% dump
They are still at 30. went from 20 to 35, and now at 30. Im betting it will stay stable there for an while
Oh and they now have revealed an ATM prototype developed by one of the members.
Gotta say im pretty impressed with the agility and active development going on over there.
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We have a working ATM made by one of our members :)
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We have a working ATM made by one of our members :)
That’s what gets me about the perception of FTC elsewhere. FTC is innovating far beyond what 90% of the coins in existence do, yet there still is a feeling (for FUD buyers) that FTC is a “scam” to this day. And, I blame John (Justabit).
That’s why I’m currently attempting to rid him from this scene. ;)
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We have a working ATM made by one of our members :)
I know that, it wasnt my point. They appearently had it as an side project. Just surprice surprice heres an ATM in the making. No idea drafting beforehand etc.
It seems they have initiative and the right core to get stuff done.
Im not saying feathercoin consists of sleepers / lack the initiative.
Im just saying that im positivly surpriced by the myriadcoin team, they do an good job and seem to stand out compared to alot of other coins which starts to become a good amount.
That’s what gets me about the perception of FTC elsewhere. FTC is innovating far beyond what 90% of the coins in existence do, yet there still is a feeling (for FUD buyers) that FTC is a “scam” to this day. And, I blame John (Justabit).
That’s why I’m currently attempting to rid him from this scene. ;)
IMO the analyzis/FUD regarding stuff like instadump from litecoin guys, that we are still under attack,and that they mine us just to build an sell wall etc is more damaging atm.
Not to mention that it seems everyone is thinking that an new algo is gonna save feathercoin/make it popular again.
Which in my eyes sounds like a really shortterm/mediocre goal.
Theres new coins coming out every day, and algos poping up all nearly as often (keccak,groestl,X11,X13,Scrypt,Scrypt Adaptive-n,Skein,JHA and so on),
The only thing that happens when an new algo is introduced is alot of back/forth on how to get it working for the miners, then after an day or two theres three new coins using the same algo and voila.
Its not special anymore.
To make an coin stand out you have to adapt to a concept that separate yourself from the other ones and make it an interesting investment.
My suggestions would be to look into the premine concept. Nobody likes premine, cause it will just damage the rep of the coin, and people worry about instadump from the devs as soon as it hits an exchange. Which then again influence the buy interest. But what about integrating an 1% premine over time. Like for example every X block theres an payout to an dev adress. This followed up with it actually being used to promote/development for the coin and have this well documented would surely be okay, and create an healthy eco system for the coin. If im not mistaken i read earlier that bush needed to prioritize RL work and that he asked for fundraising to get an function developed. Which is understandable, but it does make the coin look weak and like an dieing hobby.
A second suggestion would be to look into the block size. As of now theres 200FTC pr block disregarding everything, and an diff adjust every X blocks.
What about making the block size an fluent variable based on time, for example if you find a block 30 seconds after the previouse block you get an smaller block, if you find it long after the previouse block you get an equal larger block value. This will kill the multipool interest, since they sling their hashing power on the chain and work the diff up, they will not get more coins cause they find the block faster than the they are supposed to, but they are worth less. Now if we get pushed up in an diff trap it doesnt matter. Cause when we finally find a block we are looking at an substancially larger block payout.
Note. Im not sure how this could be done on an technical level (blockchain timestamp?), nor have i really thought this one through that much. But it might be worth discussing.
What im trying to say is that i miss an brainstorm as to how the coin is today, whats needs to be done to get it out of the shadow, and actually get going on it.
New algo is not gonna change it, What else?
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My suggestions would be to look into the premine concept. Nobody likes premine, cause it will just damage the rep of the coin, and people worry about instadump from the devs as soon as it hits an exchange. Which then again influence the buy interest. But what about integrating an 1% premine over time. Like for example every X block theres an payout to an dev adress.
I’d have no problem with this, providing it was well documented and transparant, especially if it was paired with multi-sig to increase the trust. There has been loads of brilliant talk about Multi-Sig on The Bitcoin Group, about it being the perfect solution for teams/democratic processes, whereby coins can be released upon a mutual agreement from a group that a milestone has been passed, it would be excellent if were were to implement some of these community concepts.
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Now multi consignment functionality would be an excellent idea to develop!. Like 2 out of 3 had to agree (if 2/2 would have to agree youd be fucked if one dissapeared/died etc…)
These kinds of stuff would be exactly what im talking about.
If you look at the current todo list:
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- Finish off the article we were working on. // The article that got requested on 3.may. 1Month without comming up with something for the guy, we may as well not bother
- Finish off the Team/Co-Founder project. // diddly daddling
- Create an email subscription option for the newsletter. // diddly daddling
- Re-ignite Link and make the torrent community aware of it’s potential. // Well seems kevlar isnt around anymore?, also what worries me about this “Link” is that it will give the gov an reason to attack feathercoin given that its possible to store “illegal” content in the chain, not to mention that the chain would be unnecessary large (NOTE i havent looked to much into it, might be dead wrong)
- **Create a community run multipool which pays out in ftc and collects fees for bounties. **// Now this is kinda bad, we hate the multipools, but its ok to do it reverse?
- Find the creator of this video and see if they can update it for when NeoScrypt arrives. // definitive an cool video, such things could be easily made if we had funds to pay for quality
- Continue work on the other video projects. // Same as above, and this still is diddly daddling
- Set up a community owned and run multipool which mines the most profitable and pays out in ftc. (Uses fees to fund Bounties) // Same answer as above, kinda inmoral dont you think. That being said, its easy to do, theres allready alot of opensource multipool options, someone just needs to install and set it up. and make an extra function to trade BTC —> FTC
- Job/Bounty board that could have it’s own front end like the Market Place? (Intended to ultimately replace this to do list) // Not an bad idea, but how important is it? your looking at ALOT of work, just look at how long the market took to make, and how this affected other segments that should have been done.
- Start and Finish the Resources page. // Diddly daddling
- Alternate the colours on the forum. // Seriously an priority?
- Make the chat box easier to find. // Chat box should be dead, (bump the thread on bitcointalk instead!)
- Include the chat box inline across all forum pages. // Stupid chatbox that no one uses
Update Feathercoin related information on other pages. (Example: http://wiki.cryptsy.com/ftc) // Spread it yes!, and please dont make it about philosophy, make it about the coin itself.
Most of this stuff is timeconsuming smallstuff that wouldnt actually influence the coin in much regard. Theres to much other stuff that needs doing than to go around polishing small stuff.
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Most of this stuff is timeconsuming smallstuff that wouldnt actually influence the coin in much regard. Theres to much other stuff that needs doing than to go around polishing small stuff.
Of course there’s always a need for prioritizing tasks in the right way, if you’ve followed the discussions on the board lately you’d know that it’s being formalized how to solve this problem as we speak.
FTC have a great lot of good things around like innovation and enthusiasm. However we’re lacking the instrument to “steer the ship” at the moment.
In my experience small projects that start as a hobby for people usually end up that way. People get a great idea, start working on it and then loose interest in finishing it (or lack time), simply because it’s hard and takes time to finish something. Happy cheers from the sideline can only get a person to go so far, in the end we need to work as a team to get the important things done.
It seems like a new structure, where people take more responsibility, is actually growing at last. Let’s utilize that to it’s fullest extent and see where that takes us :)
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Now multi consignment functionality would be an excellent idea to develop!. Like 2 out of 3 had to agree (if 2/2 would have to agree youd be fucked if one dissapeared/died etc…)
- Re-ignite Link and make the torrent community aware of it’s potential. // Well seems kevlar isnt around anymore?, also what worries me about this “Link” is that it will give the gov an reason to attack feathercoin given that its possible to store “illegal” content in the chain, not to mention that the chain would be unnecessary large (NOTE i havent looked to much into it, might be dead wrong)
Link only stores magnet links, nothing more and there is no bloat.
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Link only stores magnet links, nothing more and there is no bloat.
Good theres no bloat.
Storing Magnet links however aint that good, look at ThePiratebay in sweden.
They only stored the links. Still they in the end got convicted and had to face an 400k fine and prison time after a LONG court trial. Even though they only “hosted an gateway”.
Storing links within the blockchain would certainly make it an potentiall victim.
It also takes the control out of hands of the comunity, what if theres some magnet link to child pornography there?. Would not say that was positive for feathercoin…
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The philosophy of zero leader anarchy is lost without the tools of democracy. We need to lead the way with a clever way of coming about a consensus and ‘practice what we preach’ about blockchain technology.
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Of course there’s always a need for prioritizing tasks in the right way, if you’ve followed the discussions on the board lately you’d know that it’s being formalized how to solve this problem as we speak.
FTC have a great lot of good things around like innovation and enthusiasm. However we’re lacking the instrument to “steer the ship” at the moment.
In my experience small projects that start as a hobby for people usually end up that way. People get a great idea, start working on it and then loose interest in finishing it (or lack time), simply because it’s hard and takes time to finish something. Happy cheers from the sideline can only get a person to go so far, in the end we need to work as a team to get the important things done.
It seems like a new structure, where people take more responsibility, is actually growing at last. Let’s utilize that to it’s fullest extent and see where that takes us :)
Hmm, i seem to recall this feature in the previouse forum. Didnt go that well actually, and the whole thing got bloated.
What im trying to say is that a couple of core elements of the coin needs to be adjusted/implemented to make us stand out of from the herd, theres nothing wrong with small projects here and there
But they are not gonna make much impact on the popularity/value of the coin. Neither gonna help to get new members either.
Feathercoin needs to be brought back to the golden days when it was blooming on the chat boxes, on alt forums etc. both in positive and negative feedback.
This constant, lets not make any ripple in the water to upset the sharks is killing the coin slowly.
Im not saying people should head out and start provoking other coins/trolling on chats. But lets do something that is noticable and that other coins havent done. (for example my suggestions above)
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The philosophy of zero leader anarchy is lost without the tools of democracy. We need to lead the way with a clever way of coming about a consensus and ‘practice what we preach’ about blockchain technology.
Damnit! no philosophy!
‘practice what we preach’ about blockchain technology.
You refering to me not knowing enough about blockchain technology?
I made an suggestion, thats all. Im not saying its possible nor plausible. But its ideas i think would be real positive, if they could be done.
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Ha! No. Sorry, well crossed wires there. I’m actually agreeing with you, there’s always a heavy dollop of philosophy splattered on the community and it’s all fluffy ideal world stuff. Be your own leader has created anarchy with zero direction and little actual democracy. How does it work? What is the mechanism by which the community comes about a decision? We don’t vote on anything? it’s left to doers to do stuff?
Re: Blockchain, no I mean, the promises of what the blockchain can do for the democratic processes.
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Hmm, i seem to recall this feature in the previouse forum. Didnt go that well actually, and the whole thing got bloated.
What im trying to say is that a couple of core elements of the coin needs to be adjusted/implemented to make us stand out of from the herd, theres nothing wrong with small projects here and there
But they are not gonna make much impact on the popularity/value of the coin. Neither gonna help to get new members either.
Feathercoin needs to be brought back to the golden days when it was blooming on the chat boxes, on alt forums etc. both in positive and negative feedback.
Not sure what you meant with that first sentence? :)
About evolution of the coin, I honestly don’t think that a new technology of some sorts, baked into the coin, will do the trick. We see new algos each day, we see new technical stuff and protections being implemented in every new coin that pops up out there. How to differentiate from that?
Be the first coin to offer more than a cool technical thing that only miners care about. The first coin to step out of the technical shoes and turn towards a wider crowd (ease of use, availability, security) will be the new star in the biz.
Easy put, Merchants and my mom doesn’t give a flying f*ck about what algo is being used or how many coins a block generate. They will however be interested if we can offer a coin that make their life easier :)
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Dude i think you have completely gotten me wrong.
Not sure what you meant with that first sentence? :)
With the first sentence i refered to when development were to be handed to the comunity with freeforall and teams all over the wazo, the forum had like 50 different topics, everything was an mess and everone where everywhere working on different things, nothing got completed,
and those thise that got completeted got drown by the jabot/unocs scandale, not to mention the wear/tear on people to keep giving and giving (donations, spend their hours for free ++)
The problem as i see it today is that when someone get an idea, the idea and teaming happens in feathercoin, then when completion it gets announced on feathercoin with the following discussing that comes along with it.
Kinda pointless, by feathercoin for feathercoin if you get what i mean.
This is EXACTLY why myriadcoin said; we are the first to have SMS service!.
Unless they were on the feathercoin forum its really hard to miss that one post somewhere else about the feature (weekly newsletter, which everyone except feathercoiners ignore). And this is one of the things i think myriadcoin
does a better job on. Everything there happens on the bitcointalk thread/s Except from core development that isnt public for anyone. Which hence creates speculation and excitement, and helps to intrigue investors/create an focus on em.
About evolution of the coin, I honestly don’t think that a new technology of some sorts, baked into the coin, will do the trick. We see new algos each day, we see new technical stuff and protections being implemented in every new coin that pops up out there. How to differentiate from that?
And i did not talk about ALGO being the savior in shiny armor, quite the opposite. I do believe an new ALGO will do jack shit for the currency.
Im talking about actually do something different, as of now (except from the hated ACP) we are an complete clone, sprinkled with some neat accessories.
We once started up with beeing an comunity coin and all that brought with it. However i will say that the comunity aint as strong as it once was (JABOT!, UUUUNOCS).
Why not be first at something, i know no other coins that have any of those two suggestions i wrote.
Be the first coin to offer more than a cool technical thing that only miners care about. The first coin to step out of the technical shoes and turn towards a wider crowd (ease of use, availability, security) will be the new star in the biz.
Well, join the 433 other coins (33 just the last month!)
Appart from blocksize/algo/target algo/number of coins/blocktime/premine/POS,POW theres not much difference from there is there.
Easy put, Merchants and my mom doesn’t give a flying f*ck about what algo is being used or how many coins a block generate. They will however be interested if we can offer a coin that make their life easier :)
Pr today the geeks are the ones that brings this stuff to their mothers and merchants. Without them your left with the “Oxford Blue pub” and as many as ChrisJ can manage to pursvey.
Have an good coin, with good rep/development, and people will adopt it. PR will do itself, through others.
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I agree with that. There’s the ‘firefox factor’, where because geeks know a product is better they push it upon their parents/friends. I don’t think we are at that stage yet. I think that sort of user-friendliness won’t come from feathercoin directly, it will come from from 3rd Party service providers once the is a market for it.
That said, there are two sides to this coin, the tech and the human (community) sides. I’d like to see more than just a technical experiment. How can we ‘the community’ best apply Feathercoin. How can the Community best organise itself. How can the Community offer a democratic process, can we do something new using the blockchain?
I think we need to bring it back to simple questions like, “how does the community make a decision” and “can that decision making process scale with the size of the community”
We need to become the proof of the concept.
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I agree with that. There’s the ‘firefox factor’, where because geeks know a product is better they push it upon their parents/friends. I don’t think we are at that stage yet. I think that sort of user-friendliness won’t come from feathercoin directly, it will come from from 3rd Party service providers once the is a market for it.
That said, there are two sides to this coin, the tech and the human (community) sides. I’d like to see more than just a technical experiment. How can we ‘the community’ best apply Feathercoin. How can the Community best organise itself. How can the Community offer a democratic process, can we do something new using the blockchain?
I think we need to bring it back to simple questions like, “how does the community make a decision” and “can that decision making process scale with the size of the community”
Thats the thing. If you have 100 people finding out what to do. its gonna be an mess to actually get something done.
Previously when something should have been done it has been an eternity of back/forth discussion. Kinda makes nothing happen and waste alot of time
Just look at previouse threads regarding ACP/Diff target/ and so on. I do agree that before fully implenting there should be an quick walkthrough/testing to make sure
that you havent completely fucked it up (like Darkcoin/microcoin and many different others did (node trouble forking all over etc))
Leave the Core stuff to the proper devs with enough insight to discuss and implement it in an professional matter.
Then let the comunity help support it by talking about it, being an third party supplier of something (games/exchanges/whateverkindofapp).
And if theres some functionally that we want developed that should be free (that the creator shouldnt take money for), maybe have a way to actually pay him (my first suggestion for example).
Also if you leave out the geek factor you can kiss byebye to the news media actually picking some of it up and enlightening new people. I have read several things about different coins in Norwegian media (both IT news, and general living magasin stuff).
Never heard anything about Feathercoin there though…
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I been sitting back chilling today and thinking, it hurt a lot, but I’ll share it.
Now, we all know that algorithms are evolving, different ways to mine, faster transactions (add multitude of lot of useless functions here) which is all well and good.
BUT!
what is everyone overlooking?
The very DNA Satoshi gave us, the actual Block chains themselves, instead of worrying about price, wonder, what you can do with that piece of DNA? what can you add to it that makes it more than mere currency? Do you get where I’m coming from?
It’s a stupid example, but the first to come to mind just now.
I setup a shop, on a blockchain, be it a bookshop, or a video store, as easy examples. Now on this blockchain you have your entire shops catalogue, Now I want to purchase “Crypto for dummies” on video, my FTC transaction would be recorded on the shops block chain as you make your purchase, but we don’t have the tech to store 50 gig movies in a chain easily yet, unless you merkle tree using them as “cold storage wallets” ??
BUT…what would be stopping the blockchain being linked on purchase to an HTTP layer that would provide access to that video and I could download it?
You could apply this principle to all sorts of different opportunities, using various platforms of product delivery, could you not, all run from one blockchain?
Now, all the coins are losing value, there are few winners right now, with the exception of the P&D crap coins, look at PPC, NMC, all in the same boat.
My thinking about this, which includes Feathercoin is because, there are advances, yes, FTC is still putting out great ideas and work. But, what is truly making FTC a “way of life” “worth being a part of” other than it being a “community currency”?
The “Coin” is only the beginning of what’s still to come, not worth thinking about getting a head start? Be Innovators, again and again and again
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Thats the thing. If you have 100 people finding out what to do. its gonna be an mess to actually get something done.
Previously when something should have been done it has been an eternity of back/forth discussion. Kinda makes nothing happen and waste alot of time
Just look at previouse threads regarding ACP/Diff target/ and so on. I do agree that before fully implenting there should be an quick walkthrough/testing to make sure
that you havent completely fucked it up (like Darkcoin/microcoin and many different others did (node trouble forking all over etc))
I think the back and forward is because of the lack of pre-agreed process. There needs to be an understanding and consensus about the process by which stuff is agreed upon else 10 pages of forum discussion is inevitable. We are essentially passing round the conch letting everyone have a say and it’s long winded. Especially as it only offers the illusion of democracy, who’s counting up the aye and nays on that thread?
Putting it to a trusted board, panel, foundation or whatever, who are all eligible to vote within a time limit, could speed up the decision making process. You could make the whole process public and transparent and even open it up, for a limited time frame of questioning/criticism from the general public if you wanted. It’s important not to have a democratic freeze and it’s important not to have incorrectly made group choices.
Shrug.
