Increase Feathercoins buy volume.
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I’ve switched my rigs, thanks for that suggestion!
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Same topic is being discussed here. About bitcoin though. https://bitcointalk.org/index.php?topic=414657.0
Another option is to divert enough mining powering for electricity to a more profitable coin and hoard the ftc which you mine in turn driving up the price due to scarcity. We as members of this community need to make sound decisions which boost FTC. People have been “scheming” (for lack of a better term) the BTC price up for years and its probably why it is where it is today…
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Great idea - just switched my system over for some ltc/ftc conversion.
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This BTC/FTC conversion might actually be a good idea!
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[quote name=“Pryderi” post=“52185” timestamp=“1389725670”]
This BTC/FTC conversion might actually be a good idea!
[/quote]But it’s a different algo.
Interesting idea as long as it doesn’t compromise the hashrate?
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This is very bad for feathercoin if you think about it.
Only the community miners will adopt this approach suggested by the OP,
thus dropping the difficulty for miners that just dump all there ftc,
therefore only benifiting those dump miners, they get more coins to dump,
dropping price, so what ever extra your making in the other alt,
the drop in price will negate whatever bonus you make,
you just end up killing feathercoin slowly over time.Does that make sense or am I crazy talking?
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[quote name=“chrisj” post=“52187” timestamp=“1389726048”]
[quote author=Pryderi link=topic=6892.msg52185#msg52185 date=1389725670]
This BTC/FTC conversion might actually be a good idea!
[/quote]But it’s a different algo.
Interesting idea as long as it doesn’t compromise the hashrate?
[/quote]The ratio of getting electricity bills paid by mining a x amount of time for a coin and the x amount of time left to hold.
I’m not mining myself so I’m not sure if it’s really possible that way, but it decreases the overflow of Feathercoins being sold on the market, right? -
We have seen before that BTCe like to do IPOs of coins and recently there was a big push to get FTC/USD pair trading. They may be involved in keeping the price down but it’s hard to believe they own 4.7m FTC.
While the strategy made here may work in the short term it may end up having negative effects in the long run. The most effective method is for each of us to approach one merchant a day and ask them to accept Feathercoins. Give Feathercoins away using [url=http://feathertipper.com/]http://feathertipper.com/[/url] and selling things for Feathercoin on the market place: [url=https://feathercoinmarket.com/]https://feathercoinmarket.com/[/url]
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https://bitcointalk.org/index.php?topic=414657.0 Read as if its discussing feathercoin.
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[quote]While the strategy made here may work in the short term it may end up having negative effects in the long run. The most effective method is for each of us to approach one merchant a day and ask them to accept Feathercoins. Give Feathercoins away using [url=http://feathertipper.com/]http://feathertipper.com/[/url] and selling things for Feathercoin on the market place: [url=https://feathercoinmarket.com/]https://feathercoinmarket.com/[/url][/quote]
This is the correct approach.
FTC biggest problem is that the production of coin is far greater than the demand at this point in time. Difficulty should be higher to lower production.
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[quote name=“Pyxis” post=“52198” timestamp=“1389728106”]
This is very bad for feathercoin if you think about it.Only the community miners will adopt this approach suggested by the OP,
thus dropping the difficulty for miners that just dump all there ftc,
therefore only benifiting those dump miners, they get more coins to dump,
dropping price, so what ever extra your making in the other alt,
the drop in price will negate whatever bonus you make,
you just end up killing feathercoin slowly over time.Does that make sense or am I crazy talking?
[/quote]THIS.
Coin-hoppers saved our asses when we were under attack, but now every single alt gets wrecked by them.
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[quote name=“TrollboxChamp” post=“52208” timestamp=“1389730280”]
https://bitcointalk.org/index.php?topic=414657.0 Read as if its discussing feathercoin.
[/quote]Wow, sentiment is really bearish on that thread with a few even called it a Ponzi/Pyramid scheme!
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We are in a bear market. Nothing signaling a push back past 1200 in the near future. Atleast from my viewpoint. Its cool to read the different viewpoints on this topic. I guess i may have been wrong. I could see things going a lot of ways personally.
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[quote name=“Pyxis” post=“52198” timestamp=“1389728106”]
This is very bad for feathercoin if you think about it.Only the community miners will adopt this approach suggested by the OP,
[b]thus dropping the difficulty for miners that just dump all there ftc,
therefore only benifiting those dump miners[/b], they get more coins to dump,
dropping price, so what ever extra your making in the other alt,
the drop in price will negate whatever bonus you make,
you just end up killing feathercoin slowly over time.Does that make sense or am I crazy talking?
[/quote]
I would tend to agree that the above is accurate. While I’d love it if the network hashrate dropped for my own benefit in mining FTC, I think it would hurt the overall stability of the coin.But, I love the passion that the OP is conveying, for sure.
I did buy some FTC with some LTC I had mined last month over this last weekend, and it did feel really good, though.
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[quote name=“Undone” post=“52220” timestamp=“1389732279”]
[quote author=Pyxis link=topic=6892.msg52198#msg52198 date=1389728106]
This is very bad for feathercoin if you think about it.Only the community miners will adopt this approach suggested by the OP,
[b]thus dropping the difficulty for miners that just dump all there ftc,
therefore only benifiting those dump miners[/b], they get more coins to dump,
dropping price, so what ever extra your making in the other alt,
the drop in price will negate whatever bonus you make,
you just end up killing feathercoin slowly over time.Does that make sense or am I crazy talking?
[/quote]
I would tend to agree that the above is accurate. While I’d love it if the network hashrate dropped for my own benefit in mining FTC, I think it would hurt the overall stability of the coin.But, I love the passion that the OP is conveying, for sure.
I did buy some FTC with some LTC I had mined last month over this last weekend, and it did feel really good, though.
[/quote]Thanks man. Appreciate that. Only trying to brainstorm ways to bolster FTC. I am glad were all able to come together and have a civil discussion with opposing viewpoints. Its really one reason why i like this community so much. Sadly it will fade as the community grows so we must work to keep everyone feeling a part of this crazy machine we call feathercoin!
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[quote name=“TrollboxChamp” post=“52221” timestamp=“1389732468”]
Its really one reason why i like this community so much. Sadly it will fade as the community grows so we must work to keep everyone feeling a part of this crazy machine we call feathercoin!
[/quote]Actually I have a strategy for that.
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[quote name=“chrisj” post=“52233” timestamp=“1389734141”]
[quote author=TrollboxChamp link=topic=6892.msg52221#msg52221 date=1389732468]
Its really one reason why i like this community so much. Sadly it will fade as the community grows so we must work to keep everyone feeling a part of this crazy machine we call feathercoin!
[/quote]Actually I have a strategy for that.
[/quote]Look forward to hearing it when you’re ready to share with us. 8) For now. Off to work!
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[quote name=“mmyhre” post=“52210” timestamp=“1389730523”]
[quote]While the strategy made here may work in the short term it may end up having negative effects in the long run. The most effective method is for each of us to approach one merchant a day and ask them to accept Feathercoins. Give Feathercoins away using [url=http://feathertipper.com/]http://feathertipper.com/[/url] and selling things for Feathercoin on the market place: [url=https://feathercoinmarket.com/]https://feathercoinmarket.com/[/url][/quote]This is the correct approach.
FTC biggest problem is that the production of coin is far greater than the demand at this point in time. Difficulty should be higher to lower production.
[/quote]This is the myth i hate being perpetuated all over. The number of coins minted is supposed to be as near to constant as possible. Its the amount of coins per miner that drops, thus spreading it over more people.
But, the total number of coins produced never rises or drops.
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I have just been notified about the shipment of my 2 – 600GH/s butterfly labs ASIC.
:)
I will be mining BitCoins and trade then for FTC straight. (0.5 BTC daily)I am looking into breaking even on hardware, get back the money and the rest will be speculation on crypto (FTC)
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[quote name=“eaxvac” post=“52293” timestamp=“1389757678”]
I have just been notified about the shipment of my 2 – 600GH/s butterfly labs ASIC.
:)
I will be mining BitCoins and trade then for FTC straight. (0.5 BTC daily)I am looking into breaking even on hardware, get back the money and the rest will be speculation on crypto (FTC)
[/quote]Wow, thank-you so much.
