\[Note\] Discuss : Sale 3 million FTC for Official Crowdfunding
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This isn’t devcoin. Almost as scary as you having 51% of the hashing and your obvious glee at the death of graphics card mining.
Free Tibet instead.
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Not sure the purpose of that last sentence, but I don’t think it was called for.
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Oppose, that idea would be very bad for feathercoin.
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Well, My teammates, we are in the same boat. Maybe you have a better way.
See other alt-coin. We have a lot of challenges. I do not want to do nothing.
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How about we set up a pool where x amount goes towards ftc bounties?
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New idea:
We need FTC side chain. 3 million FTC will write into FTC side chain. They will be locked in side chain after the sale is completed. Those FTC in the side chain can be freely traded,but But they can not enter the main blockchain. Those FTC will receive an annual interest rate of 25% every year.
After a number of conditions are met,eg:4 years later, Those FTC in the side chain will be able to enter the main chain.
This is similar to an investment incentive. This will be a technically challenging.
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New idea:
We need FTC side chain. 3 million FTC will write into FTC side chain. They will be locked in side chain after the sale is completed. Those FTC in the side chain can be freely traded,but But they can not enter the main blockchain. Those FTC will receive an annual interest rate of 25% every year.
After a number of conditions are met,eg:4 years later, Those FTC in the side chain will be able to enter the main chain.
This is similar to an investment incentive. This will be a technically challenging.
Are you serious?lol
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It is not good idea, no post-premine or side chains. Being not premined is one of our strenght.
I like what is happening now, hullcoin, prostate cancer donations, FTC ATM…all very nice.
Just keep the hard work…
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BTW what happend with Kevlar? Link was quite overhyped, but now it seems like abandoned project…
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Just a thought, why don’t the largest holders of ftc simply just donate a decent portion to a bounty pool. If you have an asic, give away 10% of what you mine.
If we want the coin to grow more in value, the public needs to know that were not filthy hoarders who care only for control money and power.
In regards to Link, I had a peak the other day and some appear to be uploading magnet links… The problem here is lack of publicity… We need the torrents community to catch proper wind of this. Link needs to be “advertised” more. It needs to be mentioned in Network Tools or somewhere on the website.
Such a brilliant innovative piece of tech and its not been promoted?
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I dunno what happened to Kevlar, but I’d be happy to reboot it.
I’m down to two coins that matter: FTC and CAT.
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Just a thought, why don’t the largest holders of ftc simply just donate a decent portion to a bounty pool. If you have an asic, give away 10% of what you mine.
If we want the coin to grow more in value, the public needs to know that were not filthy hoarders who care only for control money and power.
In regards to Link, I had a peak the other day and some appear to be uploading magnet links… The problem here is lack of publicity… We need the torrents community to catch proper wind of this. Link needs to be “advertised” more. It needs to be mentioned in Network Tools or somewhere on the website.
Such a brilliant innovative piece of tech and its not been promoted?
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!
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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
