I am closing all but one thread dealing with this matter. Please use the thread at http://forum.feathercoin.com/index.php/topic,7176.msg55195.html#new for any new posts on this matter.

Stefan

I am closing all but one thread dealing with this matter. Please use the thread at http://forum.feathercoin.com/index.php/topic,7176.msg55195.html#new for any new posts on this matter.

Stefan

[quote name=“Calem” post=“55159” timestamp=“1390727939”]
[quote author=flcph link=topic=7211.msg55156#msg55156 date=1390727389]
let me know what you think
[/quote]

I think you all should stick to the original thread started by FTCLover himself…

Let’s not have multiple threads. The original ([url=http://forum.feathercoin.com/index.php/topic,7176.0.html]http://forum.feathercoin.com/index.php/topic,7176.0.html[/url]) already contains 99% of the conversation.
[/quote]

fine with me …lets stick to the original thread started by FTCLover himself…

Android here please ;). Looks like great work :)

yes it is you can use it offline the address is inhert untill you send coins to it :D

Cheers for the update Bush…

Now I’ve watched the video, I’m pretty sure the contract update script could be run from an encrypted torrent and stored outside the blockchain. Maybe it could be visible with a wallet add-on.

“Link - contract” would set it up for you, and index proof of contract, test eligibility to update a contract, run the script, encrypted torrent file gets updated.

Etherium is a new coin. It has a flexible script feature. Hopefully that script language is open source and a member or student project can update “Link” to show how contracts can be handled, now.

The beauty of using an established coin to do this, as Kevlar has developed, is that you are paying for security.

Feathercoin is just a coin, miners are paid for a simple calculation which sustains the network. They are making money so they are insensitive to do that work and that gives the security…

There is no incentive in this coin for miners to do your work for you.

In open source philosophy these 2 functions (currency and contract system) should be separated, but be able to work together.

[quote name=“MTRisner” post=“54855” timestamp=“1390607653”]
I haven’t thought about homestarrunner in forever! Calem…watch out for those drop bears ;)
[/quote]

Hahaha… omg…

I did Cadets as a teenager… one of the recruits was actually convinced to smother Vegemite around behind his ears cause some of the people during a camp told him that to stay safe, you used vegemite to prevent them from getting a hold of you. (apparently drop bears latch there claws into your head just behind your ears)

He woke up the next day with crusty nasty condiment caked all over his head/hair/face…

If you don’t know what Vegemite is… well… here it is… (sorry for going off topic)

[center]Vocabulary NSFW
www.youtube.com/watch?v=h8eQIWUQGVs[/center]

Your coins are in the post I sent them first class you should have them soon :)

Thanks for the notification, the main thing is they see how big this thing is. 2nd, they need to hear about the key altcoin, feathercoin.

Rock on!

[quote name=“Ruthie” post=“54679” timestamp=“1390586535”]
Yep, so keep us posted :)
[/quote]

Hey thanks for the encouragement. I know there are a few people in this forum who are from Vancouver, Canada. I think they are too shy to come forward. I am hoping to have this organized for february.

If anyone is reading this, get in touch with me and we will have a fun meetup planned.

[quote name=“Feather5154” post=“54471” timestamp=“1390516690”]
I don’t even remember my password :o
[/quote]

I had that problem… so I logged out and tried to log back in and at that point had my PW reset.

http://forum.feathercoin.com/index.php/topic,7170.0.html - 100% scam

http://forum.feathercoin.com/index.php/topic,7170.0.html - 100% scam

Could you tell me how to use Bitcoin ASIC for brute force?

Can this be used for vanity address generation?

Regards,

[quote name=“eaxvac” post=“52669” timestamp=“1389887500”]
[quote author=MrFeathers link=topic=6943.msg52655#msg52655 date=1389884769]
[quote author=zerodrama link=topic=6943.msg52617#msg52617 date=1389869997]
[quote author=HopeStillFlies link=topic=6943.msg52583#msg52583 date=1389845122]
[quote author=TrollboxChamp link=topic=6943.msg52580#msg52580 date=1389844293]
Its gone live… This is gridseed running 930 MH of scrypt asic.

[url=http://www.middlecoin.com/reports/1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR.html]http://www.middlecoin.com/reports/1M3jtksp1upR33SX1VzeCfH5x9fc6zKykR.html[/url]
[url=https://bitcointalk.org/index.php?topic=355268.0]https://bitcointalk.org/index.php?topic=355268.0[/url]
[url=http://cybtc.com/thread-4792-1-1.html]http://cybtc.com/thread-4792-1-1.html[/url]
[/quote]

Everyone better be glad they’re not in the same room as me.

I’m making some [i]noises[/i].

They can’t put this stuff up for sale fast enough.
[/quote]

It’s crap. Costs $4270 for 3.6MH/s LTC.
[/quote]

True it doesn’t seem to be cost effective for anyone to pay those prices. The chips probably cost near nothing to print and gridseed will only sell when its much more profitable than mining themselves, hence the high price. At prices like that, GPUs are a way better investment. Even if electricity is too high to mine, it makes much more sense to buy ftc than buy one of these. And the argument “buying crypto is too risky because if it fails you have nothing” also applies here. If crypto fails these will have zero resale value since they are specialized for mining. So again, you are better off buying the coins. Hence, the only reason to buy one would be for the novelty/hobby value.
[/quote]

at least, BitCoin’s ASIC might be useful for things like bruteforcing…
there are still MANY database out there that utilize SHA256 without a seed. An ASIC with 600GH/s (2k USD) can easily bruteforce 10 characters or more within days.

Given the fact that people have done it with a GPU cluster of 5 (6 billion calculation/s each), for Windows XP/Vista/7 password. 600GH is 100x more each!
[/quote]

[quote name=“Kirjokansi” post=“54562” timestamp=“1390552269”]
[quote author=motherlode1 link=topic=7152.msg54547#msg54547 date=1390547993]

Could you please explain how difficulty has nothing to with the supply. Because if I read what you wrote correctly and my understanding of difficulty is correct then I assume that if the difficulty is low then I can get more FTC a day but if it is high then I get less FTC a day and this is inversely proportional to the network hash rate. I mean then half the community is wrong when they get excited that the difficulty is falling and they keep throwing the phrase “I am going to mine big chunks because the difficulty went down”.If I have made a mistake in understanding what you wrote, please enlighten me.
[/quote]

As I understand it the amount of coins released / time is (roughly) always the same. No matter how high or low the difficulty is. Fewer miners -> larger shares / miner. So yes you get more FTC when the difficulty is low, but there’s no more FTC mined as a whole.

[/quote]

That is correct. There will be a new block with 200 FTE about every 2.5 minutes and the difficulty is adjusted every X number of blocks to realign the discovery of new blocks to that time.
If more hashing power is available to generate new blocks, the time between two blocks decreases and as a result the difficulty will increase to come beck to the 2.5 minutes time frame between two blocks.

[quote name=“ChekaZ” post=“54482” timestamp=“1390518814”]
[quote author=Pryderi link=topic=6892.msg54480#msg54480 date=1390518372]
[quote author=Kevlar link=topic=6892.msg54477#msg54477 date=1390518067]
[quote author=Calem link=topic=6892.msg54154#msg54154 date=1390451030]
Am I the only one comfortable with ftc’s price remaining stable and low for the time been?

I know we should be worth a lot more, but there’s basically only 6 to 8 months before the price will have no other alternative to double or triple and find a new floor/base price.

Isn’t stability a good thing?

Is it not inevitable that with scrypt asics and yet even more powerful sha asics coming onto market, the price will increase dramatically?

A low difficulty incentivise’s new miners to choose ftc and this helps distribute the network greater, correct?

I think the best thing to do, is to balance out ones efforts between buying ftc to hold and spend, mining ftc to hold and spend, and donating some ftc to friends who are yet to take the plunge.

It’s important that non introduced people realise how practical the coin can be.
It’s important to support the network by mining.
It’s important to buy ftc to keep trading volumes up.
It’s important that ftc’s price remains stable and grows steadily over time.

I think, the price is ok.
[/quote]

Yes, yes, yes, yes, and yes. Your hero members status is well earned.
[/quote]

But still, I bought all my Feathercoins at .67 mBTC with BTC being 900USD. It still hurts a little :*
[/quote]

I bought most of mine at .88 mBTC :b But I also bought some at 1.40mBTC. But Iam fine with that, its gonna go up, and Iam in for longterm.
[/quote]

Sorry for this big qoute - I’m just in it for the excitement and will not sell my Feathercoins for any FIAT in the coming 4 years or so. I mad my first purchase with it yesterday on the Marketplace so hooray! The price isn’t the thing that worries me, the fact people keep thinking it’s game over instead of taking over the game itself by spreading the word (the bird, the bird, the bird is the word). I will keep stimulating and am in for helping all these current ‘‘let’s do somethings’’.

Thanks all. =]

[quote name=“podizzle” post=“54472” timestamp=“1390516839”]
well isnt that sweet. unfortunately btc-e has their own agenda and its making money through manipulation. we may see ftc/usd yet. Saying ftc is stable is laughable though. its dropping like a rock for the last 3 weeks.

HOWEVER: ftc does have a very rare community of positive people and im proud to be part of it regardless of the price
[/quote]

if truth be told i bought my first 5000ftc at 0.00105 another 3000 at 0.00087 and i could go on, and i’m still hear as well with a smile on my face! [b]I believe in all of you[/b].
if i can control my temper with that FTC/USD situation i’ll be alright 8)

[quote name=“podizzle” post=“54474” timestamp=“1390517378”]
haha cool pic. your “whale” buying is the same person selling in this case, btc-e. artificial downward movement to incite selling so they can buy more coins than they sell at this low level. vise versa when it gets pumped in the future. easy profit + .2% on anything not artificial.

the fact that the majority owner in feathercoin has 10s of thousands of btc is somewhat reassuring. can you say the same for megacoin worldcoin quark and doge? probably just bagholders hoping for a miracle. at least ftc has a history of .001 on what 4 occasions already?
[/quote]

+1 rep to you for seeing through the illusion to the truth!