Dear Calem, I find it amusing when you present this as an advantage:
We are the only large coin that is willing to grow, adapt and evolve in every direction, as opposed to focusing on a niche.
This man wrote a couple of books, 30 years ago, true, but still relevant. Marketing introductory level textbook material. He says that being stuck in the middle is not an advantage.
Really? But still not accessible through the “markets” menu after “months”. Whatever you say.
I am not noticing this. Mine says:
Up to date.
Processed 199686 blocks of transaction history.
I am using v0.8.6.0 compiled from git.
lizhi, I couldn’t agree more, but what you are suggesting is usually called promotion.
RaccoonPete, what you are talking about is called a pump. The downside of this is that whenever there is a pump there is also a dump. You may search the Litecoin forum for comments following the massive FTC dumping (May, 2013). This is not good for the coin in the long run; some people may profit from it, though.
Voted twice. I’ve also ask a couple of friends to vote for FTC.
Please stop fighting over this. It leads nowhere.
It is obvious that ADSactly went public with his site much too early in the development process. It is very easy to be (overly) excited about something you created, and than feel bad because others don’t share your enthusiasm.
ADSactly, I understand that you are eager to see you project walk, and that you need money to grow it further. But launching it too early you risk getting no money + getting a bad reputation.
My advice(s):
[list type=decimal]
[*] [u]Understand the essence of the relationship marketing.[/u] The book [i]Total Relationship Marketing (Evert Gummerson)[/i] might be a good starting point. Not because you need to know how to make a project walk, but to understand that relationships (with customers, potential customers, even competitors etc) are assets.
[*][u]Redesign your project[/u] to make it relevant to a (large enough) group of people. Find your segment, and try to fulfill the needs that are already present there.
[*]Redesign your project in such way that services will fit together in a logical way; for the current size of your project. You are not wise to offer a) web hosting, b) SEO, c) advertising network … Nobody will believe you that you are good at all/any of them. This could tear your project apart. seriously.
[*]Redesign your services. Innovate. Not just because you can, but try to make innovations relevant to someone. When I read about the URL rotator (as decribed on your site) I felt my blood pressure rising. Get someone that knows at least something about marketing. Random redirects seem like nonsense to me. Try to learn about the visitors from the available data. see 5)
[*][u]You might get a couple of ideas reading[/u]: [i]Avinash Kaushik: Web Analytics[/i], and [i]Web Analytics 2.0[/i]. Don’t event try to enter the market below this level.
[*]When you are satisfied with the redesign show the project to your friends, and ask how they feel about it. Then ask forum members about their opinion.
[*][u]If you are satisfied with the feedback go present your project at a conference[/u]. Even Feathercoin meeting at Oxford Blue might be a good start.[u]If it is not worth presenting it is not worth developing[/u] (my opinion). Unless you are only after offering web hosting service, but I don’t think you are.
[/list]
OK?
I hope it helps.
Disclaimer: I am not affiliated with ADSactly in any way. I don’t know the guy. This is the first time I’ve heard of him & this project.
Today web is full of Gox jokes. I am really having a blast reading them. Here is a good one on Gox being THE most secure crypto exchange:
http://www.reddit.com/r/Bitcoin/comments/1xk11a/press_release_mtgox_new_security_features_mean/
Mt.Gox resolving their tech issues today:
http://www.youtube.com/watch?v=zQGX3J6DAGw
:)
A good article on technical aspects of the issues:
http://blog.oleganza.com/post/76213549017/mtgox-and-malleable-transactions
[quote name=“ChekaZ” post=“56856” timestamp=“1391449679”]
Bitcoin to 1m $ each is not impossible.
[/quote]
There are approximately 144 Bitcoin blocks generated every day, which translates to 3600 new bitcoins/day. If the price of BTC is $1M you need either miners who hold bitcoins long term, or 3,600,000,000 USD, every day. *fresh* fiat, not USD->BTC->USD loop. I bet we won’t see BTC at $1M anytime soon.
Thanks MegaMike. I checked the links on Twitter. The most informative, but not really insightful, I could find was http://forum.megacoin.in/index.php?topic=2791.msg9395#msg9395, which lists various Kimoto Grawity Well configurations. In case of MegaCoin it is:
[quote]
Megacoin
Date Added: September 13, 2013 (~3.5 months in)
http://megacoin.co.nz/
EventHorizonDeviation = 1 + (0.7084 * pow((double(PastBlocksMass)/double(144)), -1.228));
BlocksTargetSpacing = 2.5 * 60; // 2.5 minutes
PastSecondsMin = TimeDaySeconds * 0.25;
PastSecondsMax = TimeDaySeconds * 7;
[/quote]
This leaves me clueless since there are no explanations of what PastBlockMass is, how it is calculated etc., what do the numbers in EventHorizonDeviation actually mean… I am not even convinced that I am looking at the real thing as it looks too simple to work as intended.
Briefly inspecting MegaCoin difficulty adjustments it can be concluded that it works OK. And so does the diff adjustment in the case of the Feathercoin, just in a bit less granular way.
http://www.coinwarz.com/difficulty-charts/megacoin-difficulty-chart
http://www.coinwarz.com/difficulty-charts/feathercoin-difficulty-chart
I don’t think that at this point â€Å"a bit less granular way†of diff adjustment is a problem. On the other hand it may become a problem, even a major one, if multi-pools become very strong and hit us with terra hashes at one moment, and leave after the difficulty rises above certain level. With a substantial drop in hash rate even solving a single block could be a major headache.
Would I vote for implementing Kimotos’ Gravity Well? I’d like to understand how it works first, and see how it fits the pessimistic scenario of rapid and high-magnitude hash-rate changes.
Maybe we should be worried about the scrypt asic dominated future, and see if we can come up with a suitable algorithm on our own (not simply implementing what others have already done), perhaps designing an algorithm that is very sensitive to increased network hash rate (so that we only waste a couple of blocks when a multi-pool hits us with terra hashes), and on the other hand reacts super quickly when multi-pool terra hashes are gone (perhaps using a failsafe if a block is not solved within a certain time frame*)
* This could provide incentive to a powerful miner to try to solve a couple of blocks (or even e single block) after the failsafe kicks in.
I am unable to find anything specific on “Kimoto’s Gravity Well”; logic and/or math behind it. Every single article/post Ive found just says it is OK, it is a “problem solver” etc. Id love to see how it approaches the problem. Anyone found a more specific description of this Gravity Well, other than that it re-adjusts diff on a single block basis.
In my opinion difficulty adjustment as it is implemented now works reasonably well.
Regarding the incoming ASICs. Perhaps someone should organize a group buy of asic boards so that we can counterweight the increased hash power of the multi pools.
Canadian based exchange Vault of Satoshi added FTC, and some other alts. There are FTC/USD, and FTC/CAD pairs.
https://www.vaultofsatoshi.com
It seems that we are moving forward :)
Just came across the Etherum project.
Is this something very similar to the Link protocol?
What is your opinion on this?
http://ethereum.org/
http://www.youtube.com/watch?v=q5FDvzj8YX4&feature=share
Keep your coins :)
This does not apply to this thread directly, but I think it doesn’t hurt to remind new people on this forum who are _backing up_ their wallets to cold wallets (= saving private keys for addresses) that when:
After you spend some of your coins from an address, knowing the private key of this address is of very little use.
This is a good read on change in BTC, but it applies to FTC as well. https://en.bitcoin.it/wiki/Change
It is very easy to cut yourself in this way.
But, as long as you have your wallet.dat backed up, you are fine (in this regard).