You might agree with ghostlander, but nowhere has what he said been proposed. There is a reluctance to accept FTC, that’s true, and there are also well debated reasons why. There is reasoning behind not accepting FTC in a hypothetical initial share offering. Our current FTC tokens are hard to value as there’s little to prevent manipulation, a small whale could move the price for his/her gain, there’s no volume. If you want fair delegates, the net needs casting a little wider, as the gene pool here is ever shrinking and hasn’t seen a replacement in it’s numbers, we need fresh blood, coders and service providers , else the delegate system just won’t work. You can’t exchange and value all coins, but all coins are valued against BTC. BTC is still the mother currency. Pegging a (currently hypothetical) ICO against BTC makes sense if you look at from the point of view of hitting the largest possible market. You got doge? Convert to BTC. Got fiat? Convert to BTC.
Are you are hoping that by accepting FTC there will be a rush to buy up FTC to burn to shares and you can profit from the whales manipulating the market? How will that help value the newly created shares? The very same shares that are to be the incentive to attract new coders et al to run as delegates and help us move Feathercoin forward. It’s critical to the whole delegate system! You’d be running as a delegate right? Since mining isn’t profitable, only the shovel sellers and the energy companies are benefiting from the teams hard work.
We’ve lost great people in the past, people who could now run as delegates and be fairly rewarded for their time sacrifice. No more begging for tips. We won’t have to lose another ChrisJ or see services dry up. We could even look to secure and speed up and secure (no 51% attacks and ACP!) BC1 using the PoW done by the delegates. That’s also a possibility. But you need a strong and healthy delegate system for that to work.
Or are you are saying is that you deserve an upgrade path? But that only makes sense if BC1 is being replaced, there is no way to provide the extra features we need to become relevant again without a complimentary blockchain.
I’m not against the idea of a really small percentage welcome share bundle dropping on FTC addresses, I think that’s something we could debate the merits of. I am against 1-1 swapping of FTC/FTCShares, as it runs the risk for devaluing and breaking the delegates reward system, making it all pointless.
Or is the argument that you want your tokens all on one blockchain? Feathercoin must only have one BC? You could do that to, that’s a possibility, you could have FTC destroyed on BC1 and recreated as counter party tokens and again enjoy the benefits of the faster blockchain and the stronger security models without ACP and the risk of 51% attacks.
What’s the argument for not doing it?
So please quit pretending that the proposed ideas are not for the greater future of Feathercoin, because quite honestly, without this sort of crazy idea, we will just fade into insignificance and lose more members to a wasteful and broken incentive scheme. :'(
Well I can summarize that for you MrWyrm.
Kelsey, Mirrax, Chekaz, and Ghostlander don’t want it.
They don’t want decentralized services, they want third-party centralized ones.
They don’t want asset value pegging, they want their token value to float to take advantage of whale manipulation.
They don’t want a secure blockchain, they want one that’s compomised by a backdoor that anyone with a bot-net can hack.
They don’t want a distributed exchange, they want to keep using the existing ones.
They don’t want p2p loans that they can default on, they want tips on this forums that they don’t have to give back.
They don’t want stable value for the currency, they just want more money.
They don’t want great people coming up with great ideas. They LITERALLY hate that, and will hate on anyone who has any until they leave.
They don’t want anyone to understand that this is what we’re discussing. They will cloud the waters and poison the well until everyone grows tired and stops listening.
And probablly most importantly, they don’t want anyone doing anything with the FTC brand unless it’s them who will get all the credit, fortune, and money.
…
That’s the argument.
Not that it won’t work (it does). Not that it can’t be done (it has been done). Not that it won’t provide security and value to the existing blockchain (it would). Not that these services are not useful or complimentary (they are). Not that the market isn’t hungry for these services (they are).
The argument is as simple as “I do not want it, therefore you will not do it.”