Feathercoin Explained Video
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What do we think about this video:
[center][url=http://youtu.be/nLoFgGrnjP8]http://youtu.be/nLoFgGrnjP8[/url][/center]
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:D
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We need more people like him in our community.
Here’s a guy who took it upon himself to do the research, do the math, put together a dissertation, and make a video discussing his findings, DESPITE the fact that he is, by his own admission, not invested in FTC at all.
He should be thanked profusely, and his submissions should be taken very seriously, and invited to take a more active roll in the community if he so chooses. He’s clearly very interested in cryptocurrencies (and archery), and if more people had his initiative, we’d be further along as a community then we are now.
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Why buy Feathercoin when you can quote Kevlar and get 10 FTC for free! ;) (I think, btw thanks!)
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Thanks for posting Chris. A central ‘perceived’ problem with FTC is posed once again in this video regarding the number of eventual coins. 336 OS (or whatever equivalent of the abbreviation ‘OS’ in the crypto world yet to come…) This apparent problem sways early investors in what is a pivotal early stage of market reputation. After all, can a crypto change its market reputation once the die is cast? I feel the average investor will look at very few things when putting their fiat into a crypto. They will look at price, OS, and add in a wild card attribute that turns them on; leadership, country of coin origin, coin name (hope not)?
But how does fiat deal with this inflationary problem of devaluation of currency?
Interest rates exist in the crypto world in disguise in my opinion. What would be our interest rate equivalent? Hash rate? So can the powers control hash rates and buy what’s on the open market, lowering supply, maintaining price. The same survivability elements of fiat really.
By the way, I don’t think FTC is trying to be the Wikipedia of the crypto-currency landscape. Is it? Wikipedia, is in fact, the fourth wildcard, if we follow up on yesterday’s discussion of Google, Twitter, and of course Facebook as the “power of three.”
A side note, in the US, the media is the “fourth” power often overshadowing the three branches of government.
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Now I know I am a complete newb around here, but I just can’t understand the positivity that you guys express over this video.
Being a business student, I personally feel this is one of the worst video reviews I have ever seen. The guy doesn’t really tell anything that people can’t easily look up themselves, but what he does do is repeat around 25 times how there have been multiple 51% attacks and how that will probably be the end of FTC.
I don’t hear much about the community, about how the coin is driven. I don’t hear anything about future prospects such as the UK widely adopting FTC (when Bitty takes it up). The only thing this guy is hammering on is a security flaw that should have been fixed a couple of month’s ago, and how that is going to be the end of the entire coin.I don’t want to pretend that I am an expert, or even that I know what kind of promotions or information are beneficial to the future FTC (I have no idea how you effectively market cryptocurrency), but if you believe this is good for FTC and its development, you clearly don’t own FTC yourself or you have been sound asleep during your marketing/PR classes.
That being said, my FTC has halved in value in 4-5 days and still shows a steady downtrend, so he might actually have been right… -
[quote name=“Remonius” post=“39952” timestamp=“1386235225”]
Now I know I am a complete newb around here, but I just can’t understand the positivity that you guys express over this video.Being a business student, I personally feel this is one of the worst video reviews I have ever seen. The guy doesn’t really tell anything that people can’t easily look up themselves, but what he does do is repeat around 25 times how there have been multiple 51% attacks and how that will probably be the end of FTC.
I don’t hear much about the community, about how the coin is driven. I don’t hear anything about future prospects such as the UK widely adopting FTC (when Bitty takes it up). The only thing this guy is hammering on is a security flaw that should have been fixed a couple of month’s ago, and how that is going to be the end of the entire coin.I don’t want to pretend that I am an expert, or even that I know what kind of promotions or information are beneficial to the future FTC (I have no idea how you effectively market cryptocurrency), but if you believe this is good for FTC and its development, you clearly don’t own FTC yourself or you have been sound asleep during your marketing/PR classes.
That being said, my FTC has halved in value in 4-5 days and still shows a steady downtrend, so he might actually have been right…
[/quote]It’s because we’re a community invested in adoption, not a business invested in it’s bottom line. The rules you’ve been taught for playing the game simply don’t apply here. You don’t win the game by making the valuation sky high, you win the game by getting people involved… period.
Of course he’s right. He was VERY right. Everything he said was right. Other people have said it before him, and they were right. And the price went way down then too.
I’m not surprised your value halved on the recent news with China and a big wall street bank pushing the price down so they can get in cheap. That’s what happens when you buy during a boom: It comes back down on news. I’m guessing you haven’t yet been introduced to Elliot Wave Theory at your business school.
Here’s why it doesn’t matter: Because the technology is sound, and what’s more, it’s changeable, and the more bright minds we have focused on the problem, the better valuation will come over time. If no one points out these fundamental flaws, they can’t be addressed at a fundamental level, and no amount of news will mean schlock because the fundamentals are flawed.
The fact that he’s making this information more accessible means that more people will start thinking about the problem. That’s GREAT news. There couldn’t BE a better way to get the word out there that there’s problems in need of solutions than to have individuals taking up the torch and spending their own dollars to support the cause, because there IS no business making money to spend on an elaborate marketing campaign. There is no hierarchy of shareholders to report to as to why your vehicle is performing poorly on the markets. There is only the individuals who put their time and money into it’s adoption, and that’s the only way it’s ever going to be a success, is if people actually DO adopt it.
This video targets intelligent individuals who want to learn about crypto-currencies with factual information. We need more like it.
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[quote name=“chillin” post=“40225” timestamp=“1386272375”]
I think he’s way too negative, and has really weird ideas about 51% attacks.
Correct me if i’m wrong, but aren’t 51% attacks only a threat when the total mining hashrate is very low? Over time, when the coin gains more value, the total hashrate will also go up and there won’t be a need for the checkpoint system in the current form.Also, he is talking about a ‘huge inflationary coin’, which is bullcrap. The total of 336 million coins is a long way away. There are 4 times more coins produced than litecoin at any given time, but the inflation RATE is exactly the same.
[/quote]You’re not wrong, so I won’t correct you. +1 on both points and +1 rep.
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Does he do Information vids on other alt coins? ???
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[quote name=“netnerd” post=“40268” timestamp=“1386275607”]
Does he do Information vids on other alt coins? ???
[/quote]Yes. If you check his channel he recently did Quark and a few others as well.