Feathercoin price: advanced technical analysis 31st January 2016
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Mhh @mirrax ,
for non-traders, what does the graph show? What is an Accumulation pool? -
@Wellenreiter even non traders can see that price is now in approximate all times low, that means it is very cheap. You surely don’t want to buy on the peak of “dump palm” at “pump island”. Deeper under water you buy, better for you…
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@Wellenreiter said:
@mirrax said:
. Deeper under water you buy, better for you…
If you are an optimist ;)
Of course I am. There is no doubt FTC will rise in value again.
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I am more happy that FTC has a stable value as the price peaks were due to the currency being used by “penny share” pump and dumpers; where the value was based on hype to steal Bitcoins from the “uninitiated”.
What needs to be seen now the FTC Blockchain has run for nearly three years, is it’s possible use in some of the other features of a distributed ledger, as pioneered by Kevlar with FTC and “Link”.
Whereas Bitcoin or Litecoin might concentrate on business or Law contracts, since both reside “the most securely” at the top of an ASIC tree. Such services could also be based on the FTC Blockchain.
For instance, FTC forum could aid by creating a charity fund, or “Bounties”, to allow “open source contract’s” or other such lower level uses by local groups etc, to be stored in the FTC Blockchain.
That sort of development would then a gradual, but real increase in FTC value. >> Thousands of “contracts” could be stored securely for 1 FTC …
The POW system need to stabilise at a level which pays the miners enough to make it more profitable to mine than “attack”. Then add some use cases, apart from “money” , for instance the Blockchain features pioneered by Kevlar with FTC and “Link”, to introduce more security by having more nodes open.
Because it would be so useful and cheap to develop by forking Bitcoin functionality, it might be more interesting to think to how we might restrict some features and just concentrate on showing how multi-signatures (and other feature FTC already has) can already be used to make smart contracts etc…
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@wrapper it is a Shame that Kevlar incubated into lowest scammer, he surely had something in skill. On the other note, I can confirm we are preparing 3 big bounties and one of them will be about smart contracts. More info soon.
Perhaps in new newsletter :)
Stay tuned! -
Now you got my attention. I think that Counterparty like system could be killer app for Feathercoin
@mirrax said:@wrapper it is a Shame that Kevlar incubated into lowest scammer, he surely had something in skill. On the other note, I can confirm we are preparing 3 big bounties and one of them will be about smart contracts. More info soon.
Perhaps in new newsletter :)
Stay tuned!
Feathercoin -
@mirrax offtopic, what happened with Kevlar? :s
Edit: I know he was attacking Bush on the forum, but scammer ? -
@slavco said:
Now you got my attention. I think that Counterparty like system could be killer app for Feathercoin
@mirrax said:@wrapper it is a Shame that Kevlar incubated into lowest scammer, he surely had something in skill. On the other note, I can confirm we are preparing 3 big bounties and one of them will be about smart contracts. More info soon.
Perhaps in new newsletter :)
Stay tuned!
FeathercoinYes, feel free to PM me for more details.
How is your self-notary system? Is it still operational? If you have clickable version, i would definitely be interested in “patenting” something very specific… -
@mirrax Selfnotary is live because it is offline procedure… I don’t like it because it is burning FTC, but with some ledger on the top of the FTC blockchain e.g. smart contracts we can adopt all of the Ethereum and Counterparty ( they implement ETH smart contracts ) applications… I was preparing to be part of the contest / submit project http://counterparty.io/devparty/ and I’m very surprised how this project is set up.
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Yes that development is very interesting, I also note they’ve used voting : http://blockscan.com/votes
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@slavco said:
@mirrax Selfnotary is live because it is offline procedure… I don’t like it because it is burning FTC, but with some ledger on the top of the FTC blockchain e.g. smart contracts we can adopt all of the Ethereum and Counterparty ( they implement ETH smart contracts ) applications… I was preparing to be part of the contest / submit project http://counterparty.io/devparty/ and I’m very surprised how this project is set up.
there is 300k FTC allocated for 3 bounties, one of them is implementing smart contract system
new thread with all the details will be created soon -
there has been some interesting activity on the network and trading the last 48 hours
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I am interested in building a Point Of Sale ledger on a blockchain.
I have 25+ years experience in wholesale/retail databases.
I am willing to build each POS a full node with a decent GPU.
Have been watching Syscoin, but they seem to be suffering from feature bloat and regular hard forks. I’m a keep it simple (and efficient) kind of guy.
The ledger would have accurate inventory and sales data tracked by FTC address. A ‘warehouse’ would distribute and restock via small FTC transactions. Product sales would also be processed by a small transaction. Miners could profit by prioritizing these transactions.
Roughly 1000-2000 transactions per day for my current pool of 30 POS systems. Average transaction size is 80 bytes.
Any interest here?
Portions of our code would require NDA (I didn’t write it).
Edit: Mirrax, if you steal this concept, I’ll hate you forever. Patent it if you will, I want half. Software patents (IMHO) suppress progress and the evolution of innovation.
“The natural progression of technology cannot be stopped.” - UnklAdM
Thanks in advance,
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@UnklAdM said:
I am interested in building a Point Of Sale ledger on a blockchain.
I have 25+ years experience in wholesale/retail databases.
I am willing to build each POS a full node with a decent GPU.
Have been watching Syscoin, but they seem to be suffering from feature bloat and regular hard forks. I’m a keep it simple (and efficient) kind of guy.
The ledger would have accurate inventory and sales data tracked by FTC address. A ‘warehouse’ would distribute and restock via small FTC transactions. Product sales would also be processed by a small transaction. Miners could profit by prioritizing these transactions.
Roughly 1000-2000 transactions per day for my current pool of 30 POS systems. Average transaction size is 80 bytes.
Any interest here?
Portions of our code would require NDA (I didn’t write it).
Edit: Mirrax, if you steal this concept, I’ll hate you forever. Patent it if you will, I want half. Software patents (IMHO) suppress progress and the evolution of innovation.
“The natural progression of technology cannot be stopped.” - UnklAdM
Thanks in advance,
Do it! :)
Im not sure a GPU in a POS system is a great idea, it’ll be hot and loud. Having a full node is a good idea tho. That greatly help the network!
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@AmDD Technically the GPU would only have to mine enough FTC to support it’s own transaction flow, so a lower end card would possibly work. Another option would be to use a small SHA256 ASIC miner and auto-exchange to FTC.
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@UnklAdM said:
@AmDD Technically the GPU would only have to mine enough FTC to support it’s own transaction flow, so a lower end card would possibly work. Another option would be to use a small SHA256 ASIC miner and auto-exchange to FTC.
I see. In that case it would work then, and if it ever got low on funds you could just manually send some to the address.
Cool. I hope this works out as you see it, it’ll be very neat to see in action!
