Time to introduce Feathercoin to public is now, not after it makes headlines again
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I didn’t say you were promoting communism and none of my comments were directed at you personally.
I agree a white market is a great idea I’m happy to be part of that. I can also understand the benefits that would come from having a stable open trading platform where we can implement a stabilisation strategy if for no other reason than to help businesses who want to accept FTC get a fair price without having to worry about the volatility too much.
I’m pretty sure were on the same page here and getting others involved at this early stage including the police or whoever would help greatly.
All my previous comments were really trying to say was we need to be careful not to brand those who don’t financially help build our new economy as I believe that half the battle is just getting people to show up and show an interest.
I think if we can get a community based white trading platform up and running it may be able to finance other projects.
If we are serious about a stability fund maybe we don’t need to wait until we can get our own exchange up and running. Maybe cryptonit may be a good place to start. Its got a small market for FTC right now. Its pretty strict on user verification anyway. So maybe we start pooling some funds sign some kind of community agreement for the use of the coins. Its been pretty stable recently.
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Or do you have any better phrase than “coin squatters” for people who buy for pennies and waste 100% of the obtained economic resources on Lamborghinis and paragliding in Peru? This is not going make public like us, we have to distance ourselves from it. Those resources were supposed to land in a new, coin-based economy. Trickle-down effect from Lamborghinis and paragliding is very very roundabout. We need a word for crypto bums. “Crypto kings” is stupid, “crypto barons” makes us look worse than we deserve… I think “coin squatters” is good for explaining that the problem with scam coins is not with the coin idea itself, but with the coin hoarders who dump, take away the resources and abandon the coin.
Fortunately, they will have to part with it at some point to the free wild market to pay for said “coke n hookers”?
Hopefully some of that will be made more freely available once Neo goes live?
Or there are other possible scenarios, like the £ finally collapsing (hurrah) people panic selling or panic buying, and they’ll sell eventually to pay for items? But speculation is wasted energy. I prefer to deal in facts.
You made some good points throughout this thread, very good points. The idea of the people you’re contacting are pretty cool, though I haven’t really given it much thought on the choice of avenue of subjects, would I be wrong in “assuming” you would like to see crypto “recognised” officially in the scientific community that we’re a valid science, with a lot of potential?
I do think your idea about educating the police under “common law” really crypto stands for now. Their basis of “oath” is to act under common law and to protect that rights. So yeah, that tickles me to think they’d be the most obvious choice to take it too, so long as there are still popo’s with an ounce of belief in that oath they took?
The longer we can keep crypto out of the hands of lawyers, seriously, the better for all of you…
I am assuming you’re talking about the infrastructure now?
You see crypto differently from myself maybe? I view it to replace a corrupt and broken system, such as Gvts being able to generate their own tax revenues from asics in your TV’s for hashing out their own economic systems…da s**t!..a Gvt could “profit” run on “Integrity”, what a novel concept! Lulz (but that’s my personal project :P ) you want to “repair” the system? not trying to be funny, but, how the fluff can you repair a ponzi, or is it just a word to lure interest in people used to the old system only? If I can’t see your perspective, I can’t see your problem clearly. Merely discussion, no malice.
If Neo is all cool, yeah, no need to worry about the blockchain for a bit, so yes, forward thinking past it
There’s one group everyone seems to keep overlooking…
The poor!
I mean, we’re everywhere, lots of people can’t even get bank accounts in the UK anymore, and numbers are growing all the time. Surely getting the “unbanked” on board would be of greater benefit to all sides? The more volume people want to spend, would that not in itself attract the support to the blockchain to support increased funding to be able to afford to spend Ftc on projects like educating the police, or scientific institutes?
I don’t want to hijack anything, just throw this into the mix of the thread…
how?
I think it would be valid to add lizhi’s DAC’s idea into your equation somehow…dunno, just seems like a logical summary of what stands out right now (to me anyway) with the Neo (almost) out of the way?
Edit: In fact, I just gave myself a concept for an entire banking system part POS, so yeah, cheers guys lol
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Your style somewhat reminds me of Finnegans Wake, but with substance, so I will answer in seriousness.
The diode metaphor is good. We have a deflationary coin looking mostly inflationary. People try to get rich quick, and block the road together. The only point the diode metaphor doesn’t capture is the danger of big holders hostile to the coin.
A diode can be defeated by brute force. I thus initially proposed to use the BDFL’s authority to instamine a bag huge enough to stabilize the rise. I proposed to bless the ACP white mint and call the instamine its reward. Bush rejected this monstrosity, which I understand. But it would work.
Now I’m proposing something which may work even better: to short-circuit the diode locally and make a hot spot that burns it out as it happens to real diodes.
To be “localized”, to avoid struggling with all the coins at once, the market will need daily buy/sell limits, and it will have to be white to make the limits enforceable. That isn’t a monstrosity, every market has rules. Inside, we the coin hoarders could pool sufficiently big bag to stabilize the rise under given trading limits.
Fortunately, they will have to part with it at some point to the free wild market to pay for said “coke n hookers”?
Normal traders would be encouraged to prioritize personal gratification. That’s how capitalism works. And that’s how the bad guys don’t get advantage over the good guys in an environment where we are unable to reward the good and punish the bad.
The only group of which a specific spending behavior would be hoped for would be the tech angel investors, advantaged by higher trading limits. They would necessarily have to be screened (because we need to somehow define who is a tech angel), but their spending decisions would never be judged. And we would see if forensic science is developed enough to screen them well.
The idea of the people you’re contacting are pretty cool, though I haven’t really given it much thought on the choice of avenue of subjects…
This is a numbers game. I am also contacting them to verbalize my thoughts, and to justify me occupying the soapbox by calling upon my betters. Maybe they’ll respond when Bush writes them directly.
… would I be wrong in “assuming” you would like to see crypto “recognised” officially in the scientific community…
Officially? After 2 millenia, there is still no royal road to mathematics. Decentralized currencies are instantly recognized by any mathematician who reads Nakamoto’s paper.
I’m just calling upon problem solvers. Cops, psychopath exorcists, futures scientist who presaged decentralized currencies… That kind of guys. We’ll need industrial psychologists to screen the angels, we’ll need cyber cops to guard cryptonit or any other place where the white market is. It will get very hot there. I feel safe doing it now while the price is low.
Tech angels will get VIP treatment in the white market, but we’ll also have to hurry on them.
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Btw. with industrial psychologists in place, I would dare to call Sunny King for an offline meeting. There is a chance he is either normal, or grandiose enough to work with.
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There’s one group everyone seems to keep overlooking…
The poor!In my earlier instamine proposal, I proposed a latecomer fund, that would cover the poor. In the newer white market proposal, we’ll have to divert part of the income from the stabilizer to create the latecomer fund.
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I get the metaphor, yeah, it makes sense…but…
When you force electricity it gets hot and current breaks things. I understand the white market is an “alternative flow”. Parallel circuits, “force” is such a three dimensional act, it’s a weak energy and resistance is great. Was never a great believer in series circuits, always got myself in trouble looking at parallels, series also create greater potential for more downtime. There’s more to lose in series, it’s harder to instantly identify the problem and to “redirect the flow”. Series is a dead circuit if one component is out of whack, there isn’t the same options for a “fix”?
The diode is the blockchain, what you’re looking to do now, is add resistors, even out the flow?
The “instamine” I understand the concept, I just can’t see a way to do that without punishing those of us already using Feathercoin as our “money”, that’s an interesting one. It contravenes the entire premise of “integrity” in the blockchain for me, so I’d keep looking for other routes, not give up on it, because it’s a very valid idea, but it’s a very precarious balancing act to pull that one off without people falling over the edge.
My point would be…
Nurturing, caring, taking many routes to the same goal would provide many more options along a parallel circuit, though it is harder to keep an eye on. A larger current will negate a weaker one in the opposite direction, but only for a while, till it overheats and breaks the circuit. The more options people have, the more likely they’ll find one that suits them, there’s no idea, which is a bad idea, only how it’s implemented. I am a lazy human being, path of least resistance, if there is only a “series circuit” why should I even care to do what someone else wants, I’ll dump what I have and go elsewhere. I recognise the need to share the burden equally over the entire “board”, reduce stress and increase longevity are the most obvious reasons to me.
The “white market” idea (I’d need to go back and read again right now, just awake) but for now, it’s not the content I’m seeing. It’s another track on the parallel, I get it, but I often enjoying deliberately swimming the wrong way, just for Lulz, I have no way back with a diode, especially if I decide it’s not the circuit I thought it was. It requires different methods of maintenance.
I’m not saying your ideas are bad, the opposite, just trying to see, if we could “soften the edges” of the box. It was humans that said “a box is square”
I see the same 4-5 people replying to all this, there are loads of clever people on this forums, surely if it’s constructive, why should any point be called “invalid”? Panoramix is bursting with idea energy atm. Help the man!!..sheesh
I don’t have any answers, but maybe somewhere in this gibberish, it might poke one of you with a solution?..
Oh you lot should be so lucky!! :P
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Report closed. Flobdeth has not broken any forum rules.
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Right, so can we channel our energy towards something positive. :)
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Let’s start talking to http://cryptonit.net about the white market. We won’t build our own exchange in time for the pump. I hope cryptonit will say yes, so Bush can go to the economic cops next.
+1
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Is it just me? I’m unable to view pictures in my browser.
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I can see all the pictures, no problems at my end
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I couldn’t see mirraxs image but I opened it in a new tab and it was fine. :)
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cant see it here
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I meant long hold…open image in new tab. (On mobile)
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I can view it in a new tab, but not on the forum page.
