FTC's future
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Thanks!
You are welcome. I’ll be curious to hear your thoughts on the service, I’ve not used it since it ‘changed hands’
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I think we can do it in small steps, first go to hybrid POW + POS phase and give people time.
Our lead developer (Lizhi) is also in favor of this idea.This is positive. I say, let Lizhi run with it. This is exciting.
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holding my breath just to figure how to sugarcoat this…
keep doing this crap and you’ll get to a point of no return…you don’t need core changes, thats not why this coin is dying (actually its the oppositeits speeding its death up).
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The hybrid PoS has been discussed a few times and if your interested here was the rundown of the discussion.
If we add 0% PoS we can get additional security for the blockchain without changing hashing algo or messing with coin supply or release schedule.
As its 0% PoS the pos staker would only receive tx fees so its likey it would not be very popular but would only require one wallet open to produce PoS blocks.
PoW blocks will be left untouched so mining can continue as normal.
As we are adding PoS blocks to the blockchain this could reduce time between blocks speeding up tx conformation time. It would likely smooth the block times at least, as when mining difficulty changes we can get extended times resulting in slow tx confirmation times.
Worst case scenario is no one stakes for pos but I don’t believe this to be the case. Even if a few of us here on the team maintain “PoS” stakes this would suffice.
I’m not saying this is the full solution as I agree with you the technology cannot fix the economic problems we face. We also need to concentrate on publicity and giving users something to do with their coins.
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I’m actually in favour of doing something drastic. At the moment, we are not helping the people we are here to represent. The community. In order to help the community get the tech they deserve to actually help them we need programmers. To get programmers excited we need a programming movement, and for that we need a lone nut and loads of contribution. We need to be more inclusive to get more contribution.
Investors, Miners and prices should come secondary to the goal. The goal being to experiment with the technology and help make the world better for everyone.
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And to the staff, please keep the community up to date with what’s happening and what’s planned for the future.
That’s totally fair. Using the topless dancing guy analogy again, the dancing should be done in public.
There seem to be a way of keeping the blockchain safe without having to feed the miners and bleed the coin owners dry, let’s go for it!
Yes, it’s a problem, at the moment with all blockchains it’s give out tokens or blockchain death. It’s like buying friends for your party, only when the music stops, the ‘friends’ leave.
The incentive is a big part of the model, but we have some smart minds here, maybe there is a better solution?
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Using the topless dancing guy analogy again, the dancing should be done in public.
Does it have to be a topless dancing guy? Lol
I’m all for equality. -
Does it have to be a topless dancing guy? Lol
I’m all for equality.Haha. No, in the spirit of being inclusive, everyone is welcome to join in the topless dancing. ;)
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listen guys you guys got to this point (excuse the term ) but by circle jerking, all going wow xyz change and its too the moon, yet outside this small community the market is ditching you, and its because of the dramtic changes, STOP IT NOW,
i’m a trader, months ago i wouldn’t have touched this, now i’ve been buying up (purely because well tis so low its bargain territory even if it bounces back a fraction) but if it continues I know myself i’d have to dump as you guys are turning into a lost cause, and the only people you ever convince is who you’ve already converted (and even most of them are losing faith).
you don’t need any changes in feathcoin itself, you guys are the ones that need changing.
i asked a while back what’s ftc’s reason for existence, and seriously no one could give me a clear answer. so why would i or anyone else invest?
Would you like me to help you with the answer?
Ok I can list 101 problems with ftc (instamine percieved or otherwise, original dev copy paste ltc and couldn’t program to save himself, also now runs around as a dev in a few other shitcoin.)…anyway the list goes on
But what are the positives;
established coin thats been around longer then most current alts, was even at onetime a top coin ie some (not I mind you) consider it BTC, LTC then FTC…wll for a very short period there. the whole pub accepting it videos, oxford stuff…thats actually really good, seriously good…
now you guys? sell me ftc
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I will not reply to this thread but test new multisig menu Lizhi just added to wallet.
In fact you all should look at amazing progress Lizhi did with Core so far.
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listen guys you guys got to this point (excuse the term ) but by circle jerking, all going wow xyz change and its too the moon, yet outside this small community the market is ditching you, and its because of the dramtic changes, STOP IT NOW,
i’m a trader, months ago i wouldn’t have touched this, now i’ve been buying up (purely because well tis so low its bargain territory even if it bounces back a fraction) but if it continues I know myself i’d have to dump as you guys are turning into a lost cause, and the only people you ever convince is who you’ve already converted (and even most of them are losing faith).
you don’t need any changes in feathcoin itself, you guys are the ones that need changing.
i asked a while back what’s ftc’s reason for existence, and seriously no one could give me a clear answer. so why would i or anyone else invest?
Would you like me to help you with the answer?
Ok I can list 101 problems with ftc (instamine percieved or otherwise, original dev copy paste ltc and couldn’t program to save himself, also now runs around as a dev in a few other shitcoin.)…anyway the list goes on
But what are the positives;
established coin thats been around longer then most current alts, was even at onetime a top coin ie some (not I mind you) consider it BTC, LTC then FTC…wll for a very short period there. the whole pub accepting it videos, oxford stuff…thats actually really good, seriously good…
now you guys? sell me ftc
There is a structural problem. All the mining hardware is worthless because they keep pushing this stupid arms race.
So yes, core needs to change.
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Kelsey is talking about a shared purpose… why does FTC exist? Give the man a real world strategic goal! It follows Simon Sinek’s golden circle; why do we do what we do, how are we going to do it, and what will it look like when it is done.
If you can come to a common conclusion on those questions; a shared purpose for existing that people can get passionate about, then we have a force to be reckoned with…otherwise its just farting around in the wind with tech features nobody wants or knows they need…
I believe in a decentralised currency detached from mainstream banking which allows anyone, no matter their geographic location, the power to control their own finances. We will do this with Feathercoin, a cryptocurrency which is immune to centralised minting (ASIC resistant) thus ensuring accessibility to the masses. Insert awesome tech features I don’t understand like multisig etc. here.
Your turn!
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I’m just saying the standard approach is broken.
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+1 T4rQu1N
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There is still the issue of blockchain security. Even without bells and whistles. Most of the proposals for ‘features’ are to fix that problem. Features and adoption are useless if our blockchain isn’t secure.
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T4rQu1N good to see someone gets it !
to others whats the sudden pressing need on blockchain security? whats the issue with it atm?
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T4rQu1N good to see someone gets it !
to others whats the sudden pressing need on blockchain security? whats the issue with it atm?
I’ll summarize ten pages worth:
Security:
Mining is centralized to few a people, who only mine these coins to sell them immediately.
Most people cannot bring the amount of wattage that it takes to produce a trickle of coins.
That means the users of the coins are at the mercy of people who don’t care about them.
Mining is spread across coins but if they ever worked together, they could wreck any coin.
Price:
Because people only buy and sell coin, prices drop fast and mining hardware is worthless.
This means no one can count on coins so they could do business or store value very long.
This means innovators have few incentives to use a coin, so the community disintegrates.
Then those communities with stable prices resist new ideas and only want to buy and sell.
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you’re talking in general though, nothing specific to any immediate threat to ftc?
and miners in ftc arent mining to dump atm as very little is offered on the markets atm.
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I’m talking in general, because it’s a general threat.
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so then back to I don’t get the sudden urgency.
also wasn’t the change of algo for the purpose of spreading the hash (ie via avoiding asics)?
