Why feathercoin?

efeather

Quiet right, Bitcoin will be dictating the price of feathercoin for years to come, how do we tiny little feathers get out from underneath the shadow Bitcoin casts upon us, any other ideas are most welcome?

Kevlar

[quote name=“efeather” post=“48524” timestamp=“1388443258”]
Quiet right, Bitcoin will be dictating the price of feathercoin for years to come, how do we tiny little feathers get out from underneath the shadow Bitcoin casts upon us, any other ideas are most welcome?
[/quote]

Two things: Adoption, and innovation. Interestingly, one often leads to the other.

When you innovate, you increase the utility of the coin, which encourages more adoption.
When you increase adoption, more people are faced with problems which require solutions, encouraging innovation.

Both of these lead to a higher valuation over the long term. Little things that you do can have a large impact over the long run. Let’s say you convince a merchant to accept bitcoin. In doing so, he ends up educating other people about it, which increases adoption. As more people go to use it, more problems arise, and someone clever innovates to solve that problem, reducing the barrier to entry for more adopters.

So… what can you do? You can get involved! We’re building Link on top of Feathercoin, and soon I’ll be working on a Twitter Tip Bot too. The market place always needs more sellers of goods, and the sellers there always need more buyers. Mining increases network stability and decreases centralization. The client code is open source, and people are building new projects on top of it all the time. There’s so many little projects going on around here all the time, it’s easy to get involved and grow the coin’s user base, utility, and value.

travwill

[quote name=“Kevlar” post=“48544” timestamp=“1388448579”]

Two things: Adoption, and innovation. Interestingly, one often leads to the other.

[/quote]

I’d have to agree on this completely but I think also we are in some a special scenario right now with a highly technical “product” that is already pretty innovative and not easily understandable by the majority of people in the world. That will greatly slow adoption.

But, we are also in a scenario where I think the initial way for all these competitive coins to survive is a more cut-throat environment. It is the coins that get good publicity and potentially early capital investment funds flowing into them that will survive - i.e. yes these are scene as investments next by many market players and that is probably the next step before full adoption. If FTC can get an infusion of capital investment and be seen as an investment at least in the short-term then it will survive in time to grow its more global adoption requirement to be valuable long-term for use just about on anything. We have to keep getting the word out as a broader community, expand way outside of the UK where things seem prodominently focused, etc. We seem to have a team that is willing to do that, stand out, find investors potentially, and also work on that innovation thing at the same time ;-)