Best posts made by duff_lesterny

Hello,
My name is Ludovic but you can also call me Duff. I am product manager in the fund industry in Luxembourg and I am carefully following Feathercoin since early October 2017. So yes I am quiet newbie in the Crypto World. Anyhow we should start somewhere.

I am quite impressed the work done by the Peter and the team and the news of today is amazing because the developers are the essence of any good product improvement.

This year comes into force in Europe new directive called PSD2. This directive will force retail banking to give access through API to Bank Account details and payments mechanism. This will allow creating new “hub” services that will aggregate bank accounts together in a same interface.
Many tech companies are positioning on this new market in order to deliver front-end service without the need to actually manage the back-end tasks such as KYC, cash, …
This tech companies will also try to sell further services and here I am thinking about Feathercoin. Imagine that once of this hub expose to their clients a Feathercoin wallet. It will would means in a same interface you would see your bank accounts with FIAT + your crypto wallet. Upon payment you would decide which channel to use –e.g. if the beneficiary has also Feathercoin wallet you see it and can actually pay through that channel.

Ideally we would have to discuss with a technology partner like Figo (https://www.figo.io/en/) in Germany. Now that the foundation is there, Feathercoin has an “official” identity to enter such discussions and initiate some partnership.

What do you think?

Hello,
Today, in many discussions, people speak about adoption of crypto for payments. I also believe that as a currency it should be used as such. However, it might be difficult for people to buy with FTC if they don’t have it. Currently, there are only a few ways to get FTC:

• Mining FTC
• Exchanging FTC from another crypto or fiat
• Get a transfer of FTC from another FTC user (for accomplish work or donation). This can be done through compatible wallets or more recently, through the “tip” function in Telegram.

However, to get more user using FTC, we need to find more ways to give FTC to a larger number of users. In the real live, the principal source of fiat money is the daily work. So in a digital world, I can imagine FTC being the currency of payment for an online service.

Let’s take a example. Imagine a new app / platform which would allow every private person to offer his own photos for sale.All transactions between buyers and sellers would be exclusively in FTC. At the beginning, the buyer would have to deposit his account with some FTC or to buy it from other currencies. The seller will get some FTC that he can use for buying photos from other users. With more users getting FTC it will encourage other merchants to use FTC…

The app can offer various features like: Ordering a photo from whatever place in the world at whatever time. Any user coming along with his smartphone can take a picture from that place and offer it for sale. The person who order, will select his preferred picture, and vote for the other so that time after time every user get a score on “photos quality”.
You can decide also to re-sell a picture that you buy. Manual photos upload won’t be allowed, only photos directly taken from the app will be accepted on the platform so that we have a truly internal eco-system. Also it would be prohibit to sell the photos from the platform out of the platform. Thanks to the “hash” of the original photo, it would be easy to control on blockchain the original photographer and sub-sequent owners of the photo.
You can order photos for an event you can’t attend, a photo of a place you want to go but you want first a visual confirmation of the place, …
Time after time, when the population of the app growth, the FTC price will probably grow as well …

The blockchain could also keep trace of the original photo “hash” so that overtime, the original photographer could be identified.

This is one proposal, but i think any digital service between private person would be a great enabler for getting paid in crypto and therefore buying in crypto afterwards.
I am not developer but I am product manager in the real life. So i can help to prepare business case and functional requirements for the team.

Let me know your thoughts.

@j_scheibel there was a tweet relayed on feathercoin account about that. Then i looked for kind of proof through google.