Topics created by Horizon

I’m not sure I like it, I think it’s a shock thing tho and I am sure I will get used to it.

When developers change things, It’s normally done slightly at a time, This is a complete overhaul.

In theory you could have a small pre-mine and distribute these coins for fiat to begin with then allow mining etc to help promote the blockchain and also help increase price. With the mass use of the crypto the price would likely be quite stable. Any small variations would be set upon by people who know that some shops have fixed prices and wont be able to change fast enough (see large corporations e.g. mcdonalds etc.) who increase each year/quarter rather than on an ad-hoc basis.

But I’m happy to give 2 FTC to any one who has been affected by this malleability issue

Haha, that gave me a good giggle.

[quote name=“jti8899” post=“57142” timestamp=“1391566855”]
They seemed to miss the basic fact that with a alt coin being “deflationary” (fixed in quantity) that no one party can just flood the market place with freshly created supply (created out of thin air)! A pretty important point if you ask me, but hey, what do I know?

peace
~//~
[/quote]

+1 rep.

He’s got a great point. So long as the rate is steady, the currency isn’t inflationary. Inflation is very specifically “a persistent increase in the general price level of goods and services in an economy over a period of time”. One way that happens is the market is unexpectedly flooded with additional currency devaluing the existing currency in circulation. James Angel NAILED it in the article:

[quote]
As long as it’s at a steady and predictable rate, you would want that inflation rate to more or less match the growth of the global economy.
[/quote]

What he actually meant is you want a ‘coin generation rate’ that more or less matches the growth of the global economy. So long as that’s happening, there’s no reason to expect inflation.

[quote name=“wrapper” post=“58929” timestamp=“1392319890”]
Thanks for that information, it’s a deep subject.

I can now understand more why the Gravity Well appeals to me as a physicist, but has some possible technical drawbacks in implementation.

Would it be possible to re-design the Gravity algorithm so that it used integer maths?
Why hasn’t the floating point problem been an issue with Megacoin?
Are there any other issues that could cause conflicts, like client disagreeing when the difficulty should change, if it is variable?
If so why not make the checks fuzzy ?
Does any one have a Spread sheet formulae yet to model the gravity well?
[/quote]
Yes, the bad thing is that it lacks explanation.

Basically almost everything can be implemented using integer math, but considering use of pow() it will be a lot of code.

The use of floating point math in consensus-sensitive code is like a time bomb. But no one knows when it’s gonna detonate and split the network.

PS. I looked at a bunch of cryptos which have adopted this algorithm.
E.g. Franko’s diff doesn’t even seem to become less volatile.
http://www.coinwarz.com/difficulty-charts/franko-difficulty-chart

The idea is novel but if we are talking about the worst effected communities that lack computer access, there’s a preexisting/underlying issue holding them back.

These paper QR codes, would have more real value to them as a form of fuel… The first real step is for these communities to have cost effective access to electricity.

The infrastructure is needed to be in place first.

One might say cheap power can’t even happen until the government in control of the country in question makes it happen.

If there’s no standard computer access. Then it means there’s no cost effective / easy to access electricity. If there’s no cheap power, then that means there’s an even bigger issue at hand.

If we could hypothetically air drop in solar panels, wind and water systems, geothermal gear, computers and hardware, manuals to help the people learn how to use the systems, etc so on and so forwards, your still gonna have to figure out how to deal with corruption and the most basic level of societal issue’s that have prevented them from having this gear in the first place…

I’d hate to say it, but maybe we should be focusing on helping the poor in area’s where they all ready have computer access readily and freely available to them.

I don’t mean to sound like a stick in the mud, but I’m not sure if giving crypto’s to villages without computer access will have much if any at all positive long lasting effects. They might just sell them on the cheap for food and fuel to much richer people who all ready have access to cheap power, food other essentials and computers.

[quote name=“Kevlar” post=“45870” timestamp=“1387386521”]
It’s not bad. It’s federating the price across exchanges. If you want a bot that does it for you, I wrote one a few months ago that was wildly successful at it, but it’s since fallen into disrepair with all the latest updates to the exchanges.
[/quote]When/if you get that going again, let me know and what you charge for it.

I may actually have a place where I can run something like that in a month or so.

Because otherwise for now it’s just been one of those “okay, dive in and do stuff now that we have a wifi signal” things. That’s not always convenient for when I’m afk and the market does something crazy.

just got up few hrs back…shocked to see such a dip…den found out about china news

They already answered my question indeed! :)

/b/… I assume 4chan. I’ll pass ;) I don’t go there.

No comment on Craptsy. oops, I just did. ::)

Okay okay, I get the point about dumping the Dogecoins now and putting them into something with staying power.

[quote name=“Horizon” post=“43888” timestamp=“1386961958”]
No problem, back at you. Might be a good idea for the FTC team to reach out to all of these FX news sites and market the coin and their digital currency market expertise as missionaries.
[/quote]

Well don’t wait for someone else to do it! You can evangelize it’s usage as well as any other user, and it sounds better when it comes from an enthusiast instead of a paid marketing shill. Post your results here!

Yeh I just meant hypertext and email are the two central elements of the internet for community interaction.

Yes, I’ve got an idea.

I’ll value it at whatever someone on the other side of the trade is willing to value it at. If you and I agree to value BTC at $1,000, then it’s fixed at $1,000. Done.

The problem is a solved one. It works as a currency because people agree to value it. Pinning it ignores the fact that it’s operating in a free market where people are able to value it however they choose.

Yes, I understand it doesn’t work as MONEY because it doesn’t work as a store of value long term. You know what else fits that description? Fiat-currency. Yet it’s worked as currency just fine. Strange, isn’t it?

Crypto-currencies remove the need to pin it to anything because they are deflationary. You don’t need pinning when you have deflation.

The reason I joined here is because Feathercoin has a great community focus.

Community = trust. Trust is something that all other cryptocurrencies are sorely missing.

The fact that the currency can put faces to the numbers is a very compelling marketing message. Especially when most of the pricing is based on speculation.

Cheers,

Joe

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