\[Note\] Discuss : Sale 3 million FTC for Official Crowdfunding
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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
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Prices fell , Some things may be more easily. Also, we should set up a club .
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I liked better my idea of integrating an payout to dev for each X blocks one block with an set sum is dedicated to dev adress. make it a total of 1% over the whole period.
That would leave more than enough headroom to develop the coin further.
Its also less volatile vs just forking the chain with an false million value block, which would be seen as propper manipulation.
My idea is more of an overall blockchain “fee”, where each time an payout comes, the comunity can be an part of deciding what the funds are supposed to support of project, and 100% transparancy regarding showing that those funds actually goes to those things.
If this was implemented from the getgo, no one would raise an eyebrow, but given that its an “small sum” each X block your not looking at an instadump thing. but i see it could create an small storm on chats either way.
But at least that will blow some freaking wind in the sails and let feathercoins be on peoples mouths again!
Lets make some waves in the ocean !!!
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What is the money used for?
The recent price fall seems brother a lot of people.
But I am prepare to have 100% lost in Crypto-currency . Are U?
We cannot control the price, let market determine it. If it go to significantly (or unreasonably) low. Someone will buy . Don’t worry ^-^
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I buy some at 0.00007
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Svenn, are suggesting changing ftc to collect an additional tiny additional fee per transaction and this goes into a ftc bounty pool controlled by the community?
If you are, I don’t mind the idea of that…
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Additional fee is a good idea, I thought of that method, so I want to exchange remarks charges.
https://forum.feathercoin.com/index.php?/topic/7260-about-ftc-pay-remarks-a-very-far-function/
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Svenn, are suggesting changing ftc to collect an additional tiny additional fee per transaction and this goes into a ftc bounty pool controlled by the community?
If you are, I don’t mind the idea of that…
Anything it takes to create first small, and then big ftc pool and then also fiat pool to make sure that we can guarantee minimum prices and sell ftcs to investors with buyback options. Buyback cases would generate the profit from which the staff could be paid.
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… ftc bounty pool controlled by the community …
I would even say that a fee is not fast enough to solve the problem. We should do post-instamine. A premine does not have the bad qualities of a premine if there is a solemn and fullfilled promise it won’t hit the market unless the price rise is too fast, and if there is a promise that fiat thus earned will be used in no other way than for guaranteeing the minimum buyback price.
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The success or failure of the project, have how much money we have decided .
I propose three ways
- Auction Or subscription - The sale of the 40% coins
We will get the development, marketing of funds.
2) POS - Issue 30% coins
Improve the efficiency of the system.
3) POW - Issue 30% coins
Give some consolation prize.
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I’m still not a fan.
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Me neither
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This is not be a divide the team.But now we have a huge difference with investors view.
I just say what they want to say on behalf of investors. I have reason to worry. Some may freely and slowly work. This may not be the investor is willing to see.Investors want to see the birth of a strong team.
Therefore, we need to unite everyone.
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After prices fell 98%, I do not want people to think the team is indifferent Jesus.I think this project is to make people money,If everyone is a loss, what is the meaning of its existence.
Now I don’t know what communism and capitalism has different. :-
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We can make money, but not at the expense of our core values. Money should be the net result of our hard work.
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We can make money, but not at the expense of our core values. Money should be the net result of our hard work.
I don’t want to challenge our core values. But I can’t see anything wrong with that.
When you honest on their own time, then this world no one deceive you. ^-^
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I think one of the main reasons this is a bad idea is because this is what governments do when they want to raise capital. Printing more money with the effect of reducing the value of the money already in circulation.
Also it goes against the principal of the blockchain being sacred if we can make changes to how many coins are created for the benefit of the coin today then what would stop us doing this again at any other stage. Its a trust issue and we need to be very wary of making any changes at all to the number of coins or the rate at which they are released as these are our core values these are the laws of feathercoin. Everything else is up for grabs though
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I’m really against trying to manipulate our price.
I know a lot of people are going to think of me as a hypocrite, liar or maybe just crazy but… I don’t care about ftc’s price. If we are worth 1c but also are technologically more advanced and is actualy been utilised for it’s features in the real world, then I think we’ve acheived our goal.
It’s easy to argue that we should be worth at least 30 to 50 US cents right now. I completely agree, but with that said, the last thing we should be spending time, money and effort on, is manipulating our value.
Value manipulation is one of the qualities of fiat were are trying to get away from.
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Value manipulation is one of the qualities of fiat were are trying to get away from.
+1. I now desist from my earlier instamine proposal. General FTC network should remain anonymous and decentralized (free market). I’m sure that hard work and dedication will prevail, as Calem said. But that also means we have no way to conjure up 3M coins for any purpose. We have to buy them or mine them.
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Or create a means of income that is funnelled into FTC dev etc? (There are some irons in the fire on this one but more are needed.)
