\[Note\] Discuss : Sale 3 million FTC for Official Crowdfunding
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Why so complicated?
1st there should be link to link at our mainpage!
2nd I mentioned it earlier, but this forum sucks, get rid of this colour scheme and such wasted space, do it dammit.
Just these two simple stupid steps will help a lot and should be done without delays!
Ive heard that quiet often that there is too much wasted space in our forum. We should look into this problem and solve it.
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Sponsoring development through community funding is a good way forward because it doesn’t chip away at the credibility of the currency.
However, this probably is not sufficient to pay a developer his salary to sit on this until it is fixed. It is also a none trivial task. In some ways truly groundbreaking development is bordering on research anyway.
Maybe somebody with a good business face could approach the pools/exchanges to see if one is willing to take a banner on the forum in return for some FTC? It might not be a lot, but its a start…
I dunno, perhaps advertising here is not what people want to see (I don’t even know if its what I want to see), but at least we can offer a captive audience…
Failing that and beyond donations, the real challenge is to find a tangible way to monetise the resources at the disposal of the community… unless you can attract somebody willing to do it all for fun.
Either way I sympathise with the sentiment of lizhi’s post, even if the plan is a bit radical (in my opinion).
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I completely understand what do you mean. But we cannot just sell a number of FTCs and let the price tank. Instead, we should sell into the demand (pump), and offer buyback at a slightly lower price. This would bring profit, as well as assure the buyers that the price will not tank 10fold when they need to sell.
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We do not pump.
we should sell into the demand (pump), and offer buyback at a slightly lower price.
_(EDIT : Please no offense intended) _Are you insane?! This is how they’re killing us slowly to begin with!
No offense but that is exactly what is killing our price… That method you described does nothing but holds prices down whilst btc an ltc shoot up…
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Calem, are you sure you read my post? Are you sure you are awake? (No offense intended.) What I am suggesting is exactly the strategy to do away with the pumps. The method that I have hinted, but not described in detail, does nothing but holds the slow, steady upwards trend. Now shall I describe it in detail?
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I’ve clearly misunderstood you then. Please do, I’m all ears for anything that will help.
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This means that the formation of the market protection fund . There are several reasons to think it can.
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This means that the formation of the market protection fund . There are several reasons to think it can.
If somebody owns all the coins and all the money, (s)he can control the price almost arbitrarily. Pump and dump groups typically play many coins and decide to pump those, whose big stake they control, preferrably those they themselves created. Some players have enough resources to buy up to 90% Feathercoins (of the coinage that is out), and enough money to top many times the maximum total FTC capitalization seen thus far. What is most likely happening now is Feathercoin being mined on a large scale by a single player, who then dumps it publicly to his own hands, wiping the order book and destroying interest in the coin. When Feathercoin drops so deep, that hostile buy orders start appearing in the order book, dumping by the said player will cease. Feathercoin will naturally rise, and end up potentially very high. The said player will then start dumping again, and his big stash of coins and mining equipment will ensure that he can keep dumping for a very long time, especially if he has hostile intentions towards potentially very strong Feathercoin. I have no proof that this scenario is actually happening, but the existence of pump and dump groups hostile to Feathercoin is a reality.
Feathercoin community, on the other hand, does not have a fiat pool that could dampen the pumps and dumps. The only thing we potentially have is a coin pool, if we agree to create it in the way you suggested. This coin pool would be used to sell Feathercoins to small-time buyers with a stop-loss buyback option a few % (10, 20, or even 50) under the price for which Feathercoins were bought. This would gradually generate the needed fiat pool and create a small profit which could finance the community. It would also decrease the price oscillation, which deters merchants and small-time buyers who generate the demand. The big time player who pumps and dumps Feathercoin has no interest in its success, no real demand for it, and possibly is even willing to take a loss to ensure Feathercoin failure. (Remember the 51% attack.) Feathercoins accompanied with stop-loss options would be a safe way of storing value, and would be safe for the merchants to accept and keep.
This has been discussed for Bitcoin already. http://bitcoinreporter.com/viewpoll/32-bitcoin-futures-options-derivatives
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Prices fell , Some things may be more easily. Also, we should set up a club .
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I liked better my idea of integrating an payout to dev for each X blocks one block with an set sum is dedicated to dev adress. make it a total of 1% over the whole period.
That would leave more than enough headroom to develop the coin further.
Its also less volatile vs just forking the chain with an false million value block, which would be seen as propper manipulation.
My idea is more of an overall blockchain “fee”, where each time an payout comes, the comunity can be an part of deciding what the funds are supposed to support of project, and 100% transparancy regarding showing that those funds actually goes to those things.
If this was implemented from the getgo, no one would raise an eyebrow, but given that its an “small sum” each X block your not looking at an instadump thing. but i see it could create an small storm on chats either way.
But at least that will blow some freaking wind in the sails and let feathercoins be on peoples mouths again!
Lets make some waves in the ocean !!!
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What is the money used for?
The recent price fall seems brother a lot of people.
But I am prepare to have 100% lost in Crypto-currency . Are U?
We cannot control the price, let market determine it. If it go to significantly (or unreasonably) low. Someone will buy . Don’t worry ^-^
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I buy some at 0.00007
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Svenn, are suggesting changing ftc to collect an additional tiny additional fee per transaction and this goes into a ftc bounty pool controlled by the community?
If you are, I don’t mind the idea of that…
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Additional fee is a good idea, I thought of that method, so I want to exchange remarks charges.
https://forum.feathercoin.com/index.php?/topic/7260-about-ftc-pay-remarks-a-very-far-function/
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Svenn, are suggesting changing ftc to collect an additional tiny additional fee per transaction and this goes into a ftc bounty pool controlled by the community?
If you are, I don’t mind the idea of that…
Anything it takes to create first small, and then big ftc pool and then also fiat pool to make sure that we can guarantee minimum prices and sell ftcs to investors with buyback options. Buyback cases would generate the profit from which the staff could be paid.
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… ftc bounty pool controlled by the community …
I would even say that a fee is not fast enough to solve the problem. We should do post-instamine. A premine does not have the bad qualities of a premine if there is a solemn and fullfilled promise it won’t hit the market unless the price rise is too fast, and if there is a promise that fiat thus earned will be used in no other way than for guaranteeing the minimum buyback price.
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The success or failure of the project, have how much money we have decided .
I propose three ways
- Auction Or subscription - The sale of the 40% coins
We will get the development, marketing of funds.
2) POS - Issue 30% coins
Improve the efficiency of the system.
3) POW - Issue 30% coins
Give some consolation prize.
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I’m still not a fan.
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Me neither
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This is not be a divide the team.But now we have a huge difference with investors view.
I just say what they want to say on behalf of investors. I have reason to worry. Some may freely and slowly work. This may not be the investor is willing to see.Investors want to see the birth of a strong team.
Therefore, we need to unite everyone.
