+1 for this please! That would give us a huge advantage over other coins, and would also essentially allow people a debit card like convenience!

Once again, nice newsletter. Can I be the first to say OMG that ATM looks cool. Massive massive kudos for making it a reality. I can see thousands setting up in shopping centres everywhere! :)

Also, having sound tech doesn’t bring customers… sure bad tech sends them packing, but we need to focus on value adding features. What does the crypo community want in an altcoin? What does a potential customer want? Seamless transactions which they can use for anything; the visa/mastercard of the crypto world? Current users are simply speculative traders which is a destructive niche and one that is already a totally saturated market. So where then can FTC provide value? That is the question we need to be answering; all the awesome tech in the world won’t make people necessarily use it, and then its still a gold plated poop.

Minimum Viable Product, and go from there. I had high hopes for the Hull City trial… how is that going and who is in touch with them?

An opportunity perhaps… make sure FTC is the first coin to adhere to said “regulations” and it becomes the speculative investors choice, and boom real world usage!

Kelsey is talking about a shared purpose… why does FTC exist? Give the man a real world strategic goal! It follows Simon Sinek’s golden circle; why do we do what we do, how are we going to do it, and what will it look like when it is done.

If you can come to a common conclusion on those questions; a shared purpose for existing that people can get passionate about, then we have a force to be reckoned with…otherwise its just farting around in the wind with tech features nobody wants or knows they need…

I believe in a decentralised currency detached from mainstream banking which allows anyone, no matter their geographic location, the power to control their own finances. We will do this with Feathercoin, a cryptocurrency which is immune to centralised minting (ASIC resistant) thus ensuring accessibility to the masses. Insert awesome tech features I don’t understand like multisig etc. here.

Your turn!

I would use it if I could trade FTC for sure!

This is what sxtx and multisig is for.

It will allow us to create a ftc replacement for paypal.

More details to come soon we hope.

Now this excites me! As for what SxTx and multisig are, I have no idea (but that isn’t important). What are the benefits over Paypal? How will this make our customers lives better/faster/cheaper etc.

Having just read through the entire thread I think one fundamental issue has not been raised or discussed. You are missing the commercialisation piece.

We are cut off from our customers, i.e. the people who are actually going to USE the coin. Correct me if I’m wrong, but transactions have fallen significantly, and no amount of theorising about the economics or inventing new technical solutions is going to change the fact that people aren’t using FTC for anything. You want to solve the problems with the world economy, great, who is going to use PoS, PoA, or PoW? As a consumer, I don’t have time to read around the topic to understand the solutions being suggested in real terms, and nor should I.

If you want me (as a new customer of the coin) to use your product, I’m going to need to be convinced it has benefit without having to understand the technology behind it. Give me a 2 line value proposition for these ideas!

Enough with the intellectual wanking; it is of the utmost importance that we start to re-engage with our potential users. I remember a time when our VP was that you could buy beer with FTC. It sounds simple, but that was such a key selling point to many people… where are we headed now? If I come to the forums and read the news, its way out of date. We need a new ChrisJ to keep the outside world up to speed with developments and to engage with customers to find out what they want. Customers --> requirements --> idea/solution --> technical development. That is the order of things and we don’t have customers right now.

Just saw this over on the pool I use WeMineFTC.com…

Attention all miners! Due to the continuing falling prices and interest in FTC we regret to inform you we will be shutting down our FTC pool on 2/26/15.

Unfortunately we are not receiving anywhere near enough in donations to cover server and operating costs. We have been running at a loss for a while now using our own funds to cover the costs but we can not sustain this further.

All users must withdraw their coins by 2/26/2015. Any coins left on the server will be considered a donation and will be used to pay final server costs.

Please consider switching to mine with our LTC pool at WemineLTC.com

Can’t blame them, but ouch…

Good idea, and long overdue! Kudos!

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Boooooo :(

Edit - I can’t delete the quote box :p

Will have a crack when I get home!