Is Feathercoin approaching its intrinsic value (Zero) ?

spynappels

[quote name=“solasaurus” post=“31157” timestamp=“1381708312”]
Quick quiz by way of analogy:
Which company got a smartphone to market first?
a) Apple
b) Samsung
c) Microsoft

Which company sells the most smartphones today?
a) Apple
b) Samsung
c) Microsoft

Answer: Apple was first to market, and now Samsung ships the most units.
[/quote]

Do you mean hardware or OS? MS had Windows Mobile before either Apple or Samsung were in the market. If hardware, MS shouldn’t be in the list…

Agree with most of the rest though…

chrisj

[quote name=“solasaurus” post=“31157” timestamp=“1381708312”]
Yeah, Bitcoin got to market before Feathercoin, but that’s no guarantee that they’ll be the biggest cryptocurrency by market cap in five or ten years time. Feathercoin can’t be Apple (according to the analogy I’m making above), just so long as FTC isn’t Micro$oft (in regards to its efforts in smartphones - which were late off the mark, and a pretty dodgy value proposition in terms of product) I think the future for Feathercoin is bright.

That’s my 2FTC worth. 8)
[/quote]

+1 It’s not about being first, it’s about being right.

Entimp

I think it is wrong to look at the prices of the given coins without a larger perspective as part of the picture.

If you take a given time frame of your own choosing… you could draw any conclusion you want and justify it. One could argue that FTC is the more stable coin of all the 3 listed in the original post based on full lifespan graphs of each coin. Even over the last 3 or 4 weeks FTC can be said to be more stable than LTC. LTC has lost ground and ultimately one single reason! Mt. Gox and the lack of market inclusion. That is a good indicator of many things, lack of faith in the coin sans-Mt.Gox comes to mind first.

We shall see what happens in the goodness of time, but my faith is here and is as strong as ever.

Time will tell, but for now the price is great for those wishing to buy in.

Joeperry

An online wallet fully secure, for your smartphone, and that contains 3 main crypto, Bitcoin, Litecoin, Feathercoin, interchangeable by market rate, and able to make fast payments. I think, thats what everybody would ask.

Much better, add dollar and euro.

Joeperry

[quote name=“erk” post=“31231” timestamp=“1381785215”]
I do agree that the FTC exchange rate need some stability to be accepted by merchants.

But, the value of a coin is reflected in it’s utility, what you can buy with it, not it’s exchange price for another coin. A classic example is the Iranian currency (IRR), which has been the subject of a US lead bank war on it’s exchange rate for years now, the value of the IRR has plummeted. However, the average Iranian wouldn’t notice, they can still buy their groceries etc. locally life goes on as if nothing happened, only the middle class that likes foreign imports take notice.

As for FTC the ultimate value of the coin is what you can buy with it, not it’s exchange rate with other coins, only merchants that work in other currencies care about that, and of course exchange rate gamblers.

To make FTC more valuable, make more things available that you can buy with it. In order to get more people to accept payment for their goods and services in FTC, the need a way to get the FTC quickly back into their native fiat currency, but at some point, if there are enough goods and services on offer which accept FTC, then the need to exchange diminishes.

Another point is that exchange rate stabilizes as volume increases, in the BTC world only about 3-4% of the BTC volume sent each day goes via exchanges like Gox etc. In the FTC world it’s a much higher percentage. FTC needs a Silk Road without the illegal content.

Also a price stabilizer like the DGC bank is a good idea:

https://bitcointalk.org/index.php?topic=238882.0
[/quote]

I think is just making the most of the path that bitcoin has started, many of the merchants that already have Bitcoin, may need in the future when bitcoin reaches 1K dollar another crypto much more smaller. Maybe some of them need Feathercoin now, or soon, like betting games where the bet is small, -is quite annoying bettin 0.001 Bt and much more 0.0001-

Izerian

Bitcoin = gold
Litecoin = silver
Feathercoin = copper

makes sense to me and has real world application. (“normal people” can relate)

Izerian

[quote name=“Joeperry” post=“31236” timestamp=“1381789188”]
An online wallet fully secure, for your smartphone, and that contains 3 main crypto, Bitcoin, Litecoin, Feathercoin, interchangeable by market rate, and able to make fast payments. I think, thats what everybody would ask.

Much better, add dollar and euro.
[/quote]

we’re still coding… (Frantically) but this is in the works.

[url=http://www.switch-bit.net]http://www.switch-bit.net[/url]

The style/look of the site at the moment is irrelevant.

Otherwise, exactly what you just described. It’s definitely in progress, lots of client side code to be written but the concept is the same. Sign up if you like. We can’t guarantee the database won’t be blitzed before early next year when we’re aiming to release. The ‘Market Rate’ is compared to USD for now because that’s what is out there. The initial release is to have Bitcoin->Litecoin->Feathercoin exchanging between themselves. (Free withdraw from SwitchBit when it goes live early 2014) Since we don’t have 50 different ‘Money Services Business’ licenses for the states, we can’t trade fiat cash monies yet… pretty ridiculous. The goal is to add fiat in the future and as soon as possible…

Izerian

[quote name=“Izerian” post=“31249” timestamp=“1381807939”]
[quote author=Joeperry link=topic=4012.msg31236#msg31236 date=1381789188]
An online wallet fully secure, for your smartphone, and that contains 3 main crypto, Bitcoin, Litecoin, Feathercoin, interchangeable by market rate, and able to make fast payments. I think, thats what everybody would ask.

Much better, add dollar and euro.
[/quote]

we’re still coding… (Frantically) but this is in the works.

[url=http://www.switch-bit.net]http://www.switch-bit.net[/url]

The style/look of the site at the moment is irrelevant.

Otherwise, exactly what you just described. It’s definitely in progress, lots of client side code to be written but the concept is the same. Sign up if you like. We can’t guarantee the database won’t be blitzed before early next year when we’re aiming to release. The ‘Market Rate’ is compared to USD for now because that’s what is out there. The initial release is to have Bitcoin->Litecoin->Feathercoin exchanging between themselves. (Free withdraw from SwitchBit when it goes live early 2014) Since we don’t have 50 different ‘Money Services Business’ licenses for the states, we can’t trade fiat cash monies yet… pretty ridiculous. The goal is to add fiat in the future and as soon as possible…
[/quote]

Prices on the site are as close to ‘real-time’ as we can due to site’s api restrictions.

Izerian

Compliance has been our biggest hurdle thus far… go figure. Anyway, not trying to derail this thread!

FTC is definitely not worth 0 ;D for what it’s worth!

chrisj

[quote name=“Izerian” post=“31281” timestamp=“1381843834”]
FTC is definitely not worth 0 ;D for what it’s worth!
[/quote]

That’s correct. There are too many people who care about this project and want to see it succeed. But it may be that the mainstream want it at a bargain price, so be it. I can wait.