Read this points multiple times ...
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[quote]FTC could be worth more if the devs changed a couple of parameters.
Like speed up the block retarget from 504 to 100 blocks,
and maybe reduce the block time to 1min from 2.5min,
and the coins per bock down to 80 not that they would ever do that, but it would distance it from LTC[/quote]Comments are welcome if this is true/false, convertible or not?
Thx -
[quote name=“Markus11” post=“17722” timestamp=“1372215111”]
[quote]FTC could be worth more if the devs changed a couple of parameters.
Like speed up the block retarget from 504 to 100 blocks,
and maybe reduce the block time to 1min from 2.5min,
and the coins per bock down to 80 not that they would ever do that, but it would distance it from LTC[/quote]Comments are welcome if this is true/false, convertible or not?
Thx
[/quote]Pull 30 random people from the crypto community and you’ll hear quite a few ‘truths’ concerning profitability of coins. There are tradeoffs which have been debated ad nauseum on this forum and other similar forums. I get it… if you live in this world, these items matter the most. Pop onto any uncomfortably nerdy Bitcoin site and watch them argue over the smallest of tech details. Again, I get it… but the truth is, that only matters to an EXTREMELY small percentage of customers that can’t agree themselves.
When my mom choices between using her Visa and Mastercard, she has zero background on how those transactions are processed. When my buddy back in NY needs to wire money, he doesn’t care about the tech differences between WU and Moneygram. The consumer wants:
- Low fees
- Availability
- Top notch customer service
- Friendly looking interfaces
- Features that matter to the non tech
- Rewards
We’ll distance ourselves from Litecoin by providing that level of service.
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[quote name=“Justabitoftime” post=“17724” timestamp=“1372215729”]
[quote author=Markus11 link=topic=2259.msg17722#msg17722 date=1372215111]
[quote]FTC could be worth more if the devs changed a couple of parameters.
Like speed up the block retarget from 504 to 100 blocks,
and maybe reduce the block time to 1min from 2.5min,
and the coins per bock down to 80 not that they would ever do that, but it would distance it from LTC[/quote]Comments are welcome if this is true/false, convertible or not?
Thx
[/quote]Pull 30 random people from the crypto community and you’ll hear quite a few ‘truths’ concerning profitability of coins. There are tradeoffs which have been debated ad nauseum on this forum and other similar forums. I get it… if you live in this world, these items matter the most. Pop onto any uncomfortably nerdy Bitcoin site and watch them argue over the smallest of tech details. Again, I get it… but the truth is, that only matters to an EXTREMELY small percentage of customers that can’t agree themselves.
When my mom choices between using her Visa and Mastercard, she has zero background on how those transactions are processed. When my buddy back in NY needs to wire money, he doesn’t care about the tech differences between WU and Moneygram. The consumer wants:
- Low fees
- Availability
- Top notch customer service
- Friendly looking interfaces
- Features that matter to the non tech
- Rewards
We’ll distance ourselves from Litecoin by providing that level of service.
[/quote]that sir is an excellent choise!
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[quote name=“Justabitoftime” post=“17724” timestamp=“1372215729”]
[quote author=Markus11 link=topic=2259.msg17722#msg17722 date=1372215111]
[quote]FTC could be worth more if the devs changed a couple of parameters.
Like speed up the block retarget from 504 to 100 blocks,
and maybe reduce the block time to 1min from 2.5min,
and the coins per bock down to 80 not that they would ever do that, but it would distance it from LTC[/quote]Comments are welcome if this is true/false, convertible or not?
Thx
[/quote]Pull 30 random people from the crypto community and you’ll hear quite a few ‘truths’ concerning profitability of coins. There are tradeoffs which have been debated ad nauseum on this forum and other similar forums. I get it… if you live in this world, these items matter the most. Pop onto any uncomfortably nerdy Bitcoin site and watch them argue over the smallest of tech details. Again, I get it… but the truth is, that only matters to an EXTREMELY small percentage of customers that can’t agree themselves.
When my mom choices between using her Visa and Mastercard, she has zero background on how those transactions are processed. When my buddy back in NY needs to wire money, he doesn’t care about the tech differences between WU and Moneygram. The consumer wants:
- Low fees
- Availability
- Top notch customer service
- Friendly looking interfaces
- Features that matter to the non tech
- Rewards
We’ll distance ourselves from Litecoin by providing that level of service.
[/quote]I find myself largely agreeing with you, specifically that these things SHOULD be tried, and voted upon in the classic capitolistic approach, where people vote with their dollar. That’s why I think MORE alt-coins is a good thing, and that the winners will distinguish themselves through differentiation of utility.
But having said that, we’re getting our asses kicked by these alt-coins, because the barrier to entry is low and no one can fund the development, so there’s no incentive to work on Feathercoin vs starting your own coin and owning it. This is inarguable when you consider that only Bushstar has stepped up to the plate to work on Feathercoin, and alt-coins are a dime a dozen on bitcointalk.org.
That’s why UNOCS seemed like such a good idea: Partner together to build services that span coins and lower barriers to entry for consumers of the coin. What could possibly go wrong? That is of course until it became the laughing stock of the community, all hype and no delivery. Even the coin is starting to show it’s age with it’s lack of features and aging Bitcoin interface, with the original source not even merged back. That’s free features that’s being ignored right there.
Feathercoin COULD be worth a whole lot more if people didn’t act like the devs are the only ones who can make changes, and made improvements to the protocol, and to the client, since that’s what the entire user experience centers around, and therefore determines long term viability, and therefore price. Simply tuning a few numbers just means you have another alt-coin. What’s required, as JABOT said in so many words, is innovation.
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[quote]
Feathercoin COULD be worth a whole lot more if people didn’t act like the devs are the only ones who can make changes, and made improvements to the protocol, and to the client, since that’s what the entire user experience centers around, and therefore determines long term viability, and therefore price. Simply tuning a few numbers just means you have another alt-coin. What’s required, as JABOT said in so many words, is innovation.[/quote]Present IDEAS and the devs for sure will have an open ear for it!
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[quote name=“Markus11” post=“24252” timestamp=“1375477774”]
[quote]
Feathercoin COULD be worth a whole lot more if people didn’t act like the devs are the only ones who can make changes, and made improvements to the protocol, and to the client, since that’s what the entire user experience centers around, and therefore determines long term viability, and therefore price. Simply tuning a few numbers just means you have another alt-coin. What’s required, as JABOT said in so many words, is innovation.[/quote]Present IDEAS and the devs for sure will have an open ear for it!
[/quote]I have. Over and over. We don’t need more ideas, we need more developers and more organization around development.
I’ve suggested the following:
[list type=decimal]
[*]Merge BTC 0.8.1 (this would also add a splash screen)
[*]Fix the time travel attack
[*]Make the retarget rate slower (lower than 41.5%, I believe wrapper0feather has suggested 25% and I agree)
[*]Add Proof-of-Stake support, even at 0% interest.
[*]Add Proof-of-Burn support.
[*]Add Proof-of-Bet support.
[*]Add AuxPoW support.
[*]Don’t centralize checkpointing, fix the protocol instead.
[*]Launch UNOCS Bridge on time so the name doesn’t become synonymous with hype and vaporware.
[*]Implement a Feathercoin Improvement Proposal protocol and organize the development effort like other open source projects do.
[*]Send me all your Feathercoins.
[/list]So far I’ve not actually heard someone step up and say, “Hey, your right! I’ll get right on that.” The last one in particular I thought was an especially well thought out idea, and I’m sure everyone would agree if they had thought of it first, which they probably did.
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[quote]speed up the block retarget from 504 to 100 blocks[/quote]
Not necessary and may be even harmful. A possible solution is to retarget every 12 blocks (30 minutes) while keeping to calculate new difficulty on the past 504 blocks. It makes difficulty transitions smooth enough without running into other issues.
[quote]maybe reduce the block time to 1min from 2.5min[/quote]
To double orphan count and to double block chain size over time? Feathercoin is fast enough with 2.5 minute block target already.
