Dear \*exchanges\*, some coins are bad.
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Alts do compete and not every alt is good. Alts are partially substitutible and many do not have enough redeeming value to justify inflation of the total coinage. I think that Feathercoin community should reserve the right not to feel guilty to oppose them.
This is to express my dissatisfaction with Bittylicious having added such alts in its offer. I can be concrete: Auroracoin, Dogecoin, Quarkcoin and likely others. Will the list grow? I do not want to start imagining motivations and processes that lead Bittylicious to adding coins such as Auroracoin.
I do appreciate that Bittylicious offers Feathercoin. But this post is to say openly what some other members here might keep only in their minds…
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Surely this is up to the consumer. If I wanted to buy Auroacoin lets say, then a fiat exchange like bittylicious is just answering to my consumer demand?
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You a consumer of Auroracoin? How about Baldur Friggjar Ã"ðinsson (http://en.wikipedia.org/wiki/Auroracoin) being the consumer of you and Bittylicious answering to his demand?
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I’m not, it was just an example.
The supermarket sells Vegetable oil, personally I think Vegetable oil is a horrible, cheap and nasty product which doesn’t deserve to be sold, but the supermarket will sell it because there is a market for it.
Removing the choice of Vegetable oil from the consumer, may increase sales of other high quality oils/fats as people look for an alternative. But it would be done so at the expense of consumer choice. It’s not the supermarkets fault people are buying vegetable oil.
shrug.
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Vegetable oil is not really a good example, because it is not horrible and nasty, but just as healthy as butter and pork grease. But OK, I’ll play along. In the country where I live, there are no rules regarding vegetable oil labeling. So once it happened to me that I bought overpriced rapeseed oil with olive flavor labeled as “extra virgin olive oil”, legally. Deep inside I knew it can’t really be extra virgin olive oil in that big bottle for that price, but the brand was ingrained so deeply in my mind that I bought it: What if? Would they dare? By offering less protection against mislabeling, the supermarket penalizes me for not being skeptical enough and spreads healthy skepsis in the vegetable oil market. All’s right with the world.
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Vegetable oil is a great example for this reason. I don’t use the stuff because it’s highly processed and contains a high volume of omega 6, I prefer cooking in saturated fats because I don’t believe the links between saturated fat and cholesterol. I honestly believe it’s the other way round and that high omega 6 contributes towards inflammation and the cholesterol is a sign of the inflammation.
In a vetted market, I might not be able to make, what I believe to be an informed choice. By who’s standards and criteria should things be judged?
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If I vetted fats based upon my criteria. Which is a low content of blue, Beef Fat, Butter, Ghee, Coconut Oil and Extra Virgin Oil will make the cut. But if someone else was vetting the list based upon Saturated Fat content. I’d have none of the choices I wanted.
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Just because it’s for sale, does that require you to purchase it?
I only purchase FTC off Bitty, I have no interest in any of the other alts, so to me, who cares if they list 50 different coins, I go there for one reason alone…
People complaining about the price, I have to ask, are you doing anything to promote Feathercoin?
I mean, I’m nothing to do with Feathercoin itself, but after a wee chat with Ruthie this morning, I’m prepared to do a little work, see if I can help promote. What most people see to look past, what is happening with Feathercoin outside of the Blockchain, there’s loads going on, far more than most other “alts”
Isn’t it down to us, the end users to demand more acceptance, if it’s to be used as a currency?
I guess my point is, if we all realised what Feathercoin is up too (all too quietly) and pushed those points loudly, it wouldn’t matter if Bitty offered all forty twelvety gazillion diiferent alts, then there would be only one reason to go there, would there not?
@Mr Wyrm it was recently proven saturated fats and full cream dairy are better for you, no need for graphs, Google is you friend ;)
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@Mr Wyrm it was recently proven saturated fats and full cream dairy are better for you, no need for graphs, Google is you friend ;)
Haha, the graph was for illustrative purposes. (and also annotated by the original source with FUD) ;)
My point was, if exchanges are responsible for vetting coins, who decides by what criteria these things are judged?
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I only purchase FTC off Bitty, I have no interest in any of the other alts, so to me, who cares if they list 50 different coins, I go there for one reason alone… People complaining about the price, I have to ask, are you doing anything to promote Feathercoin? I mean, I’m nothing to do with Feathercoin itself, but after a wee chat with Ruthie this morning, I’m prepared to do a little work, see if I can help promote. What most people see to look past, what is happening with Feathercoin outside of the Blockchain, there’s loads going on, far more than most other “alts”. Isn’t it down to us, the end users to demand more acceptance, if it’s to be used as a currency?
That’s the attitude! But promotion has become difficult, since people are asking, what makes Feathercoin special? We need a list of answers like catechists. Also, I don’t want to overpromote the good thing lol.
I’m not complaining about the price being down. What I’m afraid, is that it will rise too fast, and then drop in the same slump as now, and becomes a vehicle of gambling rather than daily shopping.
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It’s a shame nobody does an honest coin review. Producing top trumps style ratings for alt coins on a website. I say honest, honest is hard to do with vested interests.
