BCG consultant looking to contribute to FTC
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Hi, I have started a chat group for business development, if any one is interested, you can invite them. It can be used to brainstorm ideas and ask moderators questions, e.g. how many times has this been done before?
The main problems I see aren’t lack of business consultants, we’ve had many, I myself was a management consultant on management of maintenance and planning. So be interested to see a thread with some ideas on what you think are the “modes of success” and how they can be implemented in an open source / volunteer environment.
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@wrapper do you have any sort of org chart for this project? I understand it’s an open source, volunteer environment, but is anyone driving the train forward so to speak?
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Basically the people contributing get most say on their projects, if others are interested or like it they join in or contribute bounties.
Re : Who is driving the FTC train - A D.A.O. is needed to drive the train, it’s a straight 1 min journey between blocks and our software does that for you.
You can supply the maintenance and support or the project framework and expertise to bring others on board, good luck.
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What ideas have you got to push FTC to top 30?
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@ghostlander I’m very new to the project and (admittedly) have a lot more research to do before I put anything concrete down. But for starters, key differentiators (i.e., why feathercoin?) will be important for the rational investor to buy-in to the project. Since FTC was a fork of LTC, which was a fork of BTC, we have to overcome the hurdle of “Why buy FTC when I can buy BTC or LTC?” for the new crypto investor. Further research into the coin leads you to the ASIC resistance component (which appears to be trending). That puts us in a new category, with competitors like GRS and VTC. So the question becomes why FTC over VTC/GRS ?
At that point, the answer isn’t as clear.I have seen some different comparison tables making the rounds. They’re fine, but personally, I don’t believe they do enough to overcome the FTC vs VTC/GRS hurdle. Since FTC offers superior value to GRS and VTC (since both have recently shot up way up in terms of MC), FTC has arguably greater ROI potential. However, I don’t believe that’s compelling enough since it can be argued that VTC and GRS have made greater tech advances in the last few years.
So, in order to cross this chasm, I believe FTC needs to present a crystal clear, future-centric vision (with founder on board), highlighting innovative features that are competitive or superior to its competitors; an aggressive roadmap/operational strategy to get there; and a comprehensive marketing strategy to raise awareness and drive adoption.
This is easier said than done, but execute well on the above and I strongly believe FTC has top 30 potential.
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@ghostlander
So…I’ve spent the last week or so really digging into getting myself set up to mine FTC. I have read SO MANY blogs from years ago, and your name popped up consistently throughout many of them. It’s crazy to see your name on here, still posting, and still active! Thank you for everything you’ve done throughout the years, man! -
@alkaline18 said in BCG consultant looking to contribute to FTC:
At that point, the answer isn’t as clear.I have seen some different comparison tables making the rounds. They’re fine, but personally, I don’t believe they do enough to overcome the FTC vs VTC/GRS hurdle. Since FTC offers superior value to GRS and VTC (since both have recently shot up way up in terms of MC), FTC has arguably greater ROI potential. However, I don’t believe that’s compelling enough since it can be argued that VTC and GRS have made greater tech advances in the last few years.
It would help to back up supposed arguments with some facts, as these are mostly fud you could swap around on the VTC forum.
What are the technical advances you’ve heard argued VTC has made?
Why wasn’t that argument the other way round as VTC was well after FTC?
Have you found a thing to promote, i.e. ASIC resistance? It’s trending … ?
And FTC has done loads of other cool stuff years ago, Bitcoin segwit? we hard forked to 1 minute blocks in 2014, can’t keep stable block time eHRC, stealth addresses, openname, etc …
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@wrapper Wow, chill man. I’m not saying these are facts, nor am i arguing they are. These are not my opinions, these are the perceptions in the market. If it’s conjecture that’s easily overcome with facts, then it should be relatively easy to position FTC ahead of both coins.
Further, if these ARE indeed the perceptions in the market, then it’s paramount for the dev team and community to make sure the message is tightened up so nobody can FUD FTC or prop up VTC/GRS. Know what I mean?
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@alkaline18 The features you’re suggesting require a hard fork and a lot of preparation time. It’s unclear if most of the community will follow. A sizable part of the community left in 2014 after the introduction of NeoScrypt which they thought was a bad move. Time told it wasn’t, but major changes were never easy.
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@Alkaline18 Please don’t shoot the messenger. Imagine I am your PhD supervisor asking about this weeks progress, then read my comments again.
I wasn’t being “un-chill”, I was trying to get you to expand on what you found. i.e Brainstorming.
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I’ll bet y’all won’t fight!! :laughing:
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@wrapper @ghostlander These are the opinions I’m talking about. Some people think it’s a derivative coin and that stigma needs to be overcome. Are we just going to argue with these people in one-off reddit threads? No, b/c that’s completely untenable. We need to tighten up this operation/messaging and get our ducks in a row so that these baseless opinions don’t sway potential FTC entrants.
Since this is a volunteer project, and people are short on time, I am 100% willing to organize everything for the next couple of months while I’m “on the beach” between projects. I can build out our collateral, which can be pinned to the top of the subreddit, which will answer a lot of questions a potential FTC investor would have. We can’t expect a person curious about FTC to comb through forum threads. Also, not tenable. This needs to be public facing and incredibly easy to access. I also think we need to put together a 6 month operational plan and get some community funding for projects that move the ball up the field.
Would the two (and any other key devs) be willing to do a call/skype with me to discuss a path forward?
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@Alkaline18 - I wouldn’t call myself a “key dev” … but I would be willing to jump on a call to hear what you have to say and possibly pass it on to the rest of the team members.
I agree that we should have 1 pinned post on Reddit explaining stuff as Reddit is massively used by the crypto community.
Having one central information place / timeline of what has happened to FTC so far and at What date would be amazing.
Here’s a good place to start
https://forum.feathercoin.com/topic/8332/the-history-of-feathercoin
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@ghostlander @wrapper this was the link I was referring to in my post. Not sure why it was redacted https://www.reddit.com/r/FeatherCOin/comments/7bxgbd/stagnant/
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@acidd Thanks for offering AcidD-- i think the easiest way would be to get everyone together instead of communicating via proxy. You’re welcome to join the call if we can set one up though. Btw, what projects do you generally work on ?
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@alkaline18 FTC hasn’t got much done about marketing, that’s true. There are many coins out there with clueless devs and copy-paste tech, but they do rather well thanks to aggressive marketing approach. Although I wouldn’t mind if FTC gets more outreach indeed.
I don’t do Skype, but we can have a Google hangout set up for a discussion.
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@alkaline18 said in BCG consultant looking to contribute to FTC:
@acidd Thanks for offering AcidD-- i think the easiest way would be to get everyone together instead of communicating via proxy. You’re welcome to join the call if we can set one up though. Btw, what projects do you generally work on ?
I contribute to the Feathercoin github with small bug fixes etc. I also fixed the unit tests for 0.9 and I’m working on 0.11 . I help mod the forums and sub-reddit, I also run a public block explorer and API for Feathercoin. I do the official Mac and Windows binaries for our releases.
Happy to do a google hangout like @ghostlander suggested.
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@AcidD @ghostlander Excellent-- a Google Hangout is great. want to aim for the end of the week/weekend? Anyone else we should add in?
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@alkaline18 I would love to be part of this conversation also. Thanks.
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@cookieboy great!
