[quote name=“powdabam” post=“511” timestamp=“1367539145”]
Explicit,
I don’t mean to be a FUD…but what happens when a copy cat of Litecoin comes out with 100 times the coins? The only “innovation” that feathercoin introduced was more coins…Someone literally copy pasted the code and then created a genesis block. And in 10 minutes something out of nothing.
[/quote]
@ powdabam
I DO believe that your post is written in good intentions. It may even be that you are right and I am wrong, and that I just don’t see it this way because I am overly excited about Feathercoin at the moment. Only time will tell.
I have to admit that I get excited about new things easily. Especially when I think that something about them is done as it should be. You have to admit that since Feathercoin is quite a success at the moment, it can’t be denied that it must be doing at least something right.
What I wanted to point out is that innovations need not be technical. Feathercoin introduced a non-technical innovation to the crypto-coin field; yes, a social innovation. This IS what I like about Feathercoin. This is why I thin that it may continue being successful.
[quote author=powdabam link=topic=127.msg511#msg511 date=1367539145]
I’m not saying it won’t have value, the pet rock sold for a buck and made a million bucks for the “creator”.
[/quote]
I hope that you are wrong.
[quote author=powdabam link=topic=127.msg511#msg511 date=1367539145]
There have been several coins that have come out since FTC that have gotten the same amount of interest and hype. It’s all get rich quick hype. [/quote]
Yes, I’ve read very recently about ChinaCoin (or something like that). I am not aware of any other Litecoin clone. Could you point out any other crypto coin other than China-coin? If it (they?) manages to attract interest of community, it can become successful, otherwise not; even if it introduces a very advanced technical innovation. No crypto-coin can survive without support from the community, this is a fact. Means of attracting interest of the community are, however, various, and being excellent at technical innovations is just one of them.
[quote author=justabitoftime link=topic=127.msg517#msg517 date=1367542133]
We have an awesome community…
[/quote]
Yes, this is what brought Feathercoin to the point where it stands now.
[quote author=justabitoftime link=topic=127.msg517#msg517 date=1367542133]
the tech is the least of the value,
[/quote]
I this case, yes, in general, not necessarily. Success can be tech powered, intriguing-idea powered, promise powered, etc.
[quote author=justabitoftime link=topic=127.msg517#msg517 date=1367542133]
it’s whoever is able to get mainstream adoption.
[/quote]
I don’t think that Feathercoin should aspire to enter the mainstream. If it tries to do so at this point, it will fail.
It can be said without a shred of doubt that in the mainstream Bitcoin is no. 1, Litecoin is no. 2. There is room for no. 3 in the mainstream, but I don’t see and *existing* crypto-coin as able to occupy no.3 mainstream position atm. No. 4 position can be seen in mainstream (in general, for a given product cathegory) on very rare occasions.
Feathercoin can, however, hold a very strong position in a large enough segment, as I tried to point out before. Role of a nicher is not a bad role. From here a nicher can even grow into the mainstream. Think Apple.
