Hi Murphy1138,
I’m in the same boat. With the help of Wellenreiter I extensively tested this issue an came to a dead end. You might want to check this thread out before proceeding any further.
[url=http://forum.feathercoin.com/index.php/topic,3510.msg30312.html#msg30312]http://forum.feathercoin.com/index.php/topic,3510.msg30312.html#msg30312[/url]
Methinks that, given that BTCChina serves,well, the Chinese market, they are going to need Chinese citizens to start demanding CNY/FTC exchange for this to get any attention.
@lizhi - Do you know some friends in China who would write to BTCChina asking them to exchange yuan for FTC?
I teach social science in secondary school, specializing in Politics & Law. Yes, I’m a politics/history/economics/geography nerd. 8)
Great work Chris! Keep it up. I’ve been (re)tweeting stuff on twitter from time to time, including the video. Am following @Feathercoin and @FeathercoinAlerts and will retweet when I catch something interesting worth promoting.
Just thinking, maybe we could do something big with the influencers, like getting together a 10,000FTC pool to be given away by Max Keiser (who’s been pumping the hell out of BTC, saying it’s going to USD350, etc) in some kind of competition? The publicity the coin would get would make it worth IMO. Not sure of the details, but thought if I put this idea out there, someone might improve upon it. 8)
Just a thought?
I’m flat out atm, and I’m offline for a month trekking in Nepal from late November, but come January I got a bit of time spare. So perhaps if you’ve got a list of potential merchants you think might be interested, I could make contact (not that I’m a great salesman or anything!) with them and explain the benefits of getting in early as a merchant for ftc. Having said that, I think it would be necessary to plug each new merchant as they come on board. I’m thinking the package includes free plug via the FTC forum, twitter, any other social media (we could possibly include them in future videos like the one done at the Oxford Blue???) plus addition to the “Feathercoin Merchants Hall of Fame” for the first 1000 merchants to accept FTC (basically a flashy web directory/page with all the early adopters on it) - or perhaps the first 100 in each category.
In any case, no point just asking them to accept FTC in theory, we need to get them some custom if they’re to continue accepting FTC payments.
Nah, scratch that. It’s a dumb idea, even if it worked. Yeah, it would lead to faster adoption of feathercoin in the short to medium term, but probably doesn’t offer much long-term value.
And perhaps, more to the point, its not up to us “feathercoin insiders” as Hazard likes to describe us. We’ll know that feathercoin is on a path to sustainable adoption when businesses and customers (of whatever shade of legitimacy) start using feathercoin without being assisted or prompted to do so.
Ok, I know based on previous discussion of a related matter that this suggestion is highly contentious and some will love the idea and others will hate it. But if it worked, it would see increased adoption of FTC for sure. (Not sure how to make it work though.)
So Silk Road is dead, but, predictably, alternatives are already popping up to meet the market.
[url=http://www.coindesk.com/silk-road-alternatives-emerge-public-hammers-fbi-bitcoin-wallet/]http://www.coindesk.com/silk-road-alternatives-emerge-public-hammers-fbi-bitcoin-wallet/[/url]
Now IF Sheep Marketplace or BlackMarket Reloaded, or any other new Tor market were to accept feathercoin, it’s a sure thing more people would be buying into feathercoin. And given that the death of Silk Road seems to have not hurt Bitcoin terribly much, it seems fair to say that this strategy may work.
I’ve no idea how to make this happen, but perhaps one way would be to ask the site managers? I think a persuasive argument could be made as to why this would be a profitable option for them. Is it worth a try??? ???
You’re wrong Radacoin. FTC is only 6 months old. How much did you know about BitCoin circa January 2010? Not much I bet. If you want to compare FTC to BTC, then at least compare them at their same age.
More importantly, you’re getting upset today because FTC price is down. Will you be elated tomorrow when the price goes up? Don’t be. It’s important not to get tossed about on the waves of fluxuating price levels (and that’s true for any cryptocurrency you may own) but to see the big picture. Seeing the big picture means also seeing what’s happening both within the cryptocurrency community, including feathercoin, but also the wider world. eg: IF the US defaults on it’s debt in the next couple of weeks, there’ll be trillions worth of value looking for a new home, and I’d be willing to bet that IF that happens, a modest portion of it will find its way into cryptos, including feathercoin (and no, I’m not betting the farm on it, but my point is this could happen). And a modest portion of a trillion dollars is quite a bit of value - for now at least! ;) This may or may not happen, but it’s a short term thing anyway. What matters is the long term value of cryptos like feathercoin.
I’m sticking with feathercoin because it represents long-term value. The devs understand that feathercoin is in its early stages and success is not guaranteed. As a result they know they need to innovate, and they know feathercoin needs to reach out to merchants and everyday people to get increased adoption. That hunger for success over the long-term coupled with a knowledge that keeps the currency improving iswhat’s making feathercoin stronger.
Quick quiz by way of analogy:
Which company got a smartphone to market first?
a) Apple
b) Samsung
c) Microsoft
Which company sells the most smartphones today?
a) Apple
b) Samsung
c) Microsoft
Answer: Apple was first to market, and now Samsung ships the most units.
Yeah, Bitcoin got to market before Feathercoin, but that’s no guarantee that they’ll be the biggest cryptocurrency by market cap in five or ten years time. Feathercoin can’t be Apple (according to the analogy I’m making above), just so long as FTC isn’t Micro$oft (in regards to its efforts in smartphones - which were late off the mark, and a pretty dodgy value proposition in terms of product) I think the future for Feathercoin is bright.
That’s my 2FTC worth. 8)
If you can come up with something credible, that allows for international transfer of money from one country to another, with fees that beat the other money exchangers, then I’m a +1, and will even plug it to many of the foreign workers and expats that I know.
Ok, so here’s my shot at a short article to introduce those not familiar with Feathercoin to the coin on the occasion of its “six month birthday”. Even for those who are familiar with Feathercoin may find the “Why Feathercoin?” section interesting because, for those who are involved with FTC on a daily or weekly kind way, the past few weeks have been a bumpy ride to say the least, and I’ve tried to put that into perspective to some extent.
[url=http://theirondinosaur.wordpress.com/2013/10/10/feathercoin-the-little-crypto-coin-that-could-turns-six-months-old/]http://theirondinosaur.wordpress.com/2013/10/10/feathercoin-the-little-crypto-coin-that-could-turns-six-months-old/[/url]
I’m happy to make amendments or additions if anyone has any suggestions. For those who are responsible for Feathercoin communications: I’m happy for this article to be reproduced in whole or parts for the purpose of informing others.
peace;
solasaurus