Whats next for Feathercoin? - Where do we go from here?
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There are many items that are going on with Feathercoin lately. With the current “peck” attacks, change of algorithm, ASIC’s on the horizion, low participation rate, etc
The big one that is coming up soon is the difficulty targeting algorithm change. Once this change is made, do we forsee this to become a more profitable coin to mine?
I am curious as to what the game plan is going forward and see the current items on our plate…
1. Fix the re-target difficulty rate (currently in progress)
2. Look hard into whether we want to participate in the ASIC movement or shy away from them??
3. Do we want to be known as the GPU Friendly Anti-ASIC coin??
4. Whats next and how do we get the FTC movement going again? Crypto coins have lost a lot of momentum since the MT GOX issues over the past 2 months.
Any other thoughts / ideas?
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2. Look hard into whether we want to participate in the ASIC movement or shy away from them??
I found this question interesting, As I dont see we have a choice, If we were to impliment some sort of anti-ASIC measures, People will still find a way around it, And become the “dark side” of this community, We dont need any divisions of people here.
Same as :-
3. Do we want to be known as the GPU Friendly Anti-ASIC coin??
This is heavily tied in with point 2. I agree whole hartedly that we should not encourage “heavy duty” mining, Or ever shadow what has happned to the BTC community, But it’s nature for humans to find an easyer more ecinomicle way of doing the same job.
I fear we just have to embrace it and work with it.
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This is the conclusion that I have come to as well… once ASIC’s were brought into bitcoins picture it raised the stakes for bit coin as a whole. IT required more of an investment to mine, thus raising the price of the coin considerably because it became more valuable.
Think of it as the way the diamond industry has done this, Diamonds were pretty cheap compared to todays standards however since they limit the number the comes onto the market it has created / demanded a higher price for them.
This is the same way a currency (FTC) will probably operate. In the next few years as ASIC’s come into the picture, very few will control the vast amount of coins on the market because they hold the power to do so, as a result, price goes up. This is what happens typically in free markets as it does here in the U.S. of A.
Doge coin created their own frenzy and kicked it off great at the beginning, sucked people in with high amounts of coins, and a relatively easy difficulty causing people to go on a frenzy to jump in with both feet. However, after just a few months the reward block halved and lots of people are locked in and propping it up because they perceive value in the coin.Not necessarily what technology the does / doesn’t offer.
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We need to be able to buy more goods with FTC. We need a FTCPay system.
