Odds of FTC reaching 0.01 FTC/BTC
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If you’d like to up the ante, also post when/why you think this will/won’t happen.
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When I get a break from preparing the talk for next week in Amsterdam I will do a vote on which commodity and currency we can start measuring Feathercoin against that doesn’t include Bitcoin and the Petro Dollar - you know because that would be a practical way to increase its value rather than gazing at the same charts all day in some helpless fashion waiting to get rich. :)
So how about it? Feathercoin for bread? Milk, petrol?
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I should have made it clear, I mean .01 FTC/BTC
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[quote name=“chrisj” post=“32895” timestamp=“1383183296”]
So how about it? Feathercoin for bread? Milk, petrol?
[/quote]Feathercoin for labor is what I’ve been able to accomplish so far.
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Theoretically FTC/BTC is 1/16,is 0.0625. But now is 0.00034.
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Using LTC as a comparsion.
I think litecoin hit 0.01BTC in early march 2013, but it was early april before the price stayed above 0.01BTC, not until recently did it drop below that again(for a few days only). So it took litecoin 18 months to hit 0.01BTC (october 2011 to march 2013).
I dont know if we can use those timescales for FTC, they could mean nothing, and of course if bitcoin value increases, 0.001BTC might even seem a worthy goal.
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[quote name=“lizhi” post=“32931” timestamp=“1383205986”]
Theoretically FTC/BTC is 1/16,is 0.0625. But now is 0.00034.
[/quote]Agreed,
but you can’t calculate the value of a coin simply by counting the maximum number of coins ever mined.
At the end any currency has no internal value, but gets it by people trusting it and willing to accept it in exchange for goods.
The more places accept FTC, the better the exchange rate to BTC and even fiat will be
