Topics created by chrisj

We have Link. To be honest, bloating the bc with larger amounts of data is for another coin that would use proof of bandwidth i think.

We can embed meta data in our bc already. I think we should focus on promoting that before looking into making different uses of the bc.

Not saying it’s a bad idea, but not the right time for ftc.

Feathercoin can save banksters souls :)

Looks great cheers kris

How they made ? Paper wallet.

This also just shows that changing the Hashing Algorithm, no matter how rare, doesn’t solve the large actor problem. There will always be the “biggest pool” for each coin or hashing algorithm. A big actor, with big bills, will tempted to mine the easiest coin or switch off mining when a coin’s difficulty is high.

One answer would be to encourage that biggest pool to be p2pool. Maybe a p2pool node set-up could be included with the Merchant POS / coin Network connection - solution.

The fact that there are no passwords or registration, makes p2pool an easy to assemble component of an open Merchant POS backend.The fact that it creates a higher level mining connections with the latest blocks , also means faster transaction times and increase connect ability.

Who is safe from the large actor problem?

I used to think that Bitcoin was safe from the difficulty manipulation from bad actors - as long as it had an “increasing hash rate” - the bad actor was always mining at the lower difficult, as it is always about to go up - so was incentive to remain mining (and switch off later)

However, I now see that, if the Hash rate increase is less than the % of the hash rate a large bad actor has. That bad actor can cause a variation in the hash which can be exploited to be always mine at a lower hash difficulty - than all other miners.

One can see that the temptation, where the short term gain might wipe out your investment, and you don’t care if Bitcoin goes bust, you’re already quids in… For someone who’s into making money and doesn’t care about community, its a no brainer.

Added Bitcoin ,Litecoin and Blackcoin. rejected **Namecoin and Ripple **
More coins will be added, but not right now. Please keep everybody attention !

http://blog.coinkite.com/

the problem with too many of these coins is that they have “blindly copied” Satoshi’s implementation as if it is perfect.

Exactly, it’s a basic “DNA” string, Like living tissue. Take humans for example, in our DNA we use, what 4 out a possible 20 different algorithms that we are pre-programmed with, I think it’s 20 different amino acids or whatever it is? Biology isn’t my forte, but I digress.

It needs to evolve, just like an amoeba to a human, the amoeba can be improved, nature’s proved that already (although in some cases I remain sceptical!), there is nothing we can do that doesn’t already exist, it’s nothing more than a tool, we can refine it, we can reshape it, we can do whatever we want to it so long as the basic principle remains the same.

Yes Chris, “ego” is very important, if you’re out to make money.

Some of us are not in it to become “rich” though, we are in this world, because we want to change reality, for the better (idealist BS I know but meh) I am one of them.

It’s a indisputable fact that the guys who made the most in the gold rush, made the most money. Why does that principle apply to crypto, Chris, I know you’re not a great fan of the monetary system, am I correct?

So, stop looking at it as money, look around you, see what jobs could be made easier by making the blockchains think, do some actual work, after all, isn’t it merely the shovel to move things around? We are already selling the picks, all of us when we start mining.

The potential I saw in the “worlds biggest social experiment” isn’t about ego, it isn’t about getting rich, you can’t value crypto against dying economies, the value of their currencies are flawed. Sure, we have means to transfer “money” but why is no one creating ideas that hash out major algorithms for companies yet? why not rent a blockchain to solve complex mathematical equations?

It’s open source, it’s malleable, changeable, thanks to society, our thinking is much slower to catch up!

Theorizing and discussion is all well and good, but for now, Feathercoin is but a mere currency, priorty jobs, require priority time

I think after 30 minutes, most people would be like

4216_1323700133_head_inspirations_movie_

Paroramix, I’ve enjoyed reading your posts recently. :)

great news this should give some more great exposure to feathercoin. :)

To legislate on someone else’s experience in the future.

Scary way of putting it. Slightly… ;)

Awesome sauce.

By the way Pete and Ruthie, your kids appear to have grown up rather suddenly [re: photo from the Dahms Winery]. ;)

Yeah, thats the thing about kids, they grow up so quickly ;) :)

Android Wallet, Great work,

I once thought it was impossible

A great read… as usual. Thumbs up.

Had a read about Ven and its a digital currency but nothing like BTC or FTC essentially it seems to be a currency that is controlled byand used for purchases within a website. Its value is backed by actual commodities that have been paid for by the site owner with the intention of keeping the price stable. Any new coins are only added if more commodities are purchased. It has zero fees and is more a utility for the sites users to buy and sell things on the site.

Its more about trust than a real crypto currency maybe more like airmile points.

Here is a good article from coindesk.

http://www.coindesk.com/ven-qa/

I just sent pock.io a message asking what the procedure is for merchants to sign up. My company The Hut Group runs Myprotein, Lookfantastic, Zavvi and many other sites.

If pock.io take crypto and buy gift vouchers from merchants then there’s no risk for merchants, but pock will have to take on the financial risk.

Great read as always.
Looking forward to the unveiling ceremony for the FTC ATM :)

Yet again another great newslestter. Pats on the back to all that contributed :D