Topics created by kelsey

I respectfully disgree, freebitcoins.com has been around many years and the owners are well respected in the crypto community. the xchange part is just starting up., and they have to start somewhere. Big plus is they won’t trade in fiat. Nowadays exchanges have spread too many alts across many exchanges making it difficult to trade older coins like ftc., so alts need to be on as many as possible.

Even when implemenrting a POW/POS solution as described, we still need a POW algorithm. There are two problems that together cause long gaps between blocks.

the difficulty is high, but the hash rate is low, due to a large pool (e.g. nicehash) withdraws it’s hash power. currently there is no way to announce a new and lower difficulty before the next block is found, what takes a long time due to 1)

POW/POS mixture as described mitigates 2) while a good pow algorithm hopefully mitigates 1)

The short or very short time to block caused by the increase of hash rate has no problem like 2) and a much smaller probelm like 1).
as the blocks are found very fast the pow algorithm can adjust and announce new difficulties very fast.

What also needs to be remembered, is, that a time frame with long or very long time 2 block is required leverage the overall time 2 block. Without time 2 block rates > 1 minute the long average of all blocks generated would get smaller and smaller for every peak in hash rate causing an overproduction of coins.

@cryptofan said in Prove him wrong !!!!!:

As I understood from the comments to this link, it is not worth watching it.

You are so right!!

cool lets see if posting fixes it :)

thanks, i know console commands, just always thinking from prospect of non tech people.
did find from the new btc client you can hit a request payment form without filling it out to generate a new payment address :)

certainly looks like an across the board ban on chinese exchanges is happening.

@bsotnikow said in How is it possible?:

Now with a stable BCH out there. FTC can be fine never implementing segwit and stay relevant with Bitcoin upgrades…Anything they do on BTC, they’ll figure out eventually on BCH (and FTC).

My purpose was more, what is the use of scaling FTC in the current state of it’s development ?
And actually I’m not a fan of SegWit, the fact that you separate Signature from the transaction, this kind of “separate chain”, we already have SPV client for light wallet so I don’t see the urge nor the goal. (Some will say Maleability fix)

There is so many other ways to scale. I hope Feathercoin comunity gonna be wiser than Bitcoin one. :)

So don’t panic, just grab a towel. ;)

@AcidD said in win 32bit 0.9.6.1.:

Hi @kelsey

This has been done now, it’s hosted on the Feathercoin github.

Marked as solved.

Excellent work !!! Downloaded, installed and up and running :rocket:

Odd…i see alot of agreement…yet not alot of bitcointalk posting???

if everyone who reads this just writes 1 post (in the alt coin section, bumps it in the “ann” section, and adds a positive to the “speculation” section) then we’d go someway to get ftc more noticed!!!

Shouldn’t have to, but it occasionally happens to me, when there’s a forum upgrade or such. I’ll keep an eye on it

@kelsey
To the define success; obviously with a currency success is both adoption and usefullness as a currency, as with fiat liquidity is ultimately important as it helps determine price (with the former ie adoption and usefullness determining value)

@kelsey
my proposal is and always has been to return ftc to its roots and focus on what made it a success in the first place.

@wrapper
That’s cool, but if there is no structure or web site to go to those aims are impossible, and FTC have done a great job with that. To be a usefull coin it does need to continue to show it is secure, even in these “hard times”, It needs to build on some foundation, that is the blockchain.

Also, under your own definition FTC was not a success in the first place (eg. FTC lacked POS tools etc, to aceive the usage aim so early) , so what is the point of doing a “U turn” to that state?

Kelsey, thanks for this post. I think you are right.

Since this thread has gone well off topic and is descending into a war, I’d usually be looking to lock a thread like this. You know, doing my job. But then I’d have to suffer another barrage of abuse I don’t deserve. Oh what the hell.