Feathercoin vs Litecoin
-
[quote name=“chrisj” post=“35926” timestamp=“1385218875”]
[list]
[*]You will never get a straight answer since most people in the crypto scene speak from a position of self interest.
[*]It’s a false dichotomy because you can invest in a range of coins proportionate to your investment hypothesis (and betting against yourself is not a bad idea)
[*]This is a giant lab, virgin territory - nobody knows anything especially me
[/list]
[hr]
[/quote]This is wise advice.
At the end of the day, there’s three ultimate options with cryptos: 1) You’ll lose a lot if not all of your money, 2) you’ll make a little profit, or 3) you’ll make a hell of a lot. It’s a gamble, so only put in what you’re willing to lose and enjoy the wild ride.
-
[quote name=“hilariousandco” post=“35933” timestamp=“1385220930”]
It’s a gamble, so only put in what you’re willing to lose and enjoy the wild ride.
[/quote]You nailed it, do it for the journey.
-
[quote name=“chrisj” post=“35926” timestamp=“1385218875”]
Blockchain projects that I like are: [b]FTC[/b], BTC, NMC, XPM, [b]Gridcoin[/b], Bitmessage, Zerocoin, Dark Wallet, [url=http://invictus-innovations.com/]Invictus Innovations[/url].
[/quote]I like most of your list ^^ ;)
-
Thank you for the input guys.
Let me ask the question this way. I see the value of feathercoin, and all other coins, as proportional to how widely is it adopted by merchants etc. Are there any technical advantages over litecoin? Both appear to me as very similar. Are there compelling reasons for a merchant to adopt feathercoin as well as litecoin and bitcoin?
-
[quote name=“lesliewu” post=“36041” timestamp=“1385242614”]
Thank you for the input guys.Let me ask the question this way. I see the value of feathercoin, and all other coins, as proportional to how widely is it adopted by merchants etc. Are there any technical advantages over litecoin? Both appear to me as very similar. Are there compelling reasons for a merchant to adopt feathercoin as well as litecoin and bitcoin?
[/quote]In terms of the protocol itself aside from the number of coins, which can have [url=http://bitcoinmagazine.com/8274/the-psychology-of-decimals/]psychological benefits[/url] and the difficulty retargets in the algorithm, as yet both Litecoin and Feathercoin are the same. In terms of merchant adoption though that would not depend so much on the technicals of the protocol (not one merchant has asked me about this so far) but about the amount of sales they would get from accepting the coin which would depend on things like the willingness of the holders to spend it and the liveliness of the community itself.
Quite a few Feathercoins are shared on this forum alone and that’s just in terms of gifts and tips. That is much more likely to happen when there are more coins to go around.
Also I believe Feathercoin’s transaction fees are lower, but I might be wrong about that. It’s all too easy to focus on the west but actually the people who need this technology the most don’t even have bank accounts and transaction fees are important.
Hope this helps, let me know if you need anymore clarification. I am sure others will chime in.
-
PS
It’s only a matter of time until we have exchanges like [url=http://buttercoin.com/]Buttercoin[/url] and [url=http://mocurex.com/]Mocurex[/url] along with multi coin wallets like [url=http://grabhive.com/]Hive[/url] and merchants will be able to accept a whole range of virtual currencies in one simple Point of Sale. Making this something of a moot point. -
[quote name=“lesliewu” post=“36041” timestamp=“1385242614”]
Thank you for the input guys.Let me ask the question this way. I see the value of feathercoin, and all other coins, as proportional to how widely is it adopted by merchants etc. Are there any technical advantages over litecoin? Both appear to me as very similar. Are there compelling reasons for a merchant to adopt feathercoin as well as litecoin and bitcoin?
[/quote]There is ACP system and more granulated difficulty adjustments then in Litecoin…
-
Best thread yet. +1, everyone.
-
[quote name=“Kevlar” post=“36061” timestamp=“1385249210”]
Best thread yet. +1, everyone.
[/quote]Cool, I’ll send you my invoice 8)
-
As for adopt-ability, it would be just as easy for someone who knows how to setup and buy bitcoin to setup their litecoin wallets and use litecoins. virtually no difference there. Similarly, it’s just as easy to use visa as mastercard, or amex, or discover. Accepting the different types of coins would then present not much difficulty, as merchants already accept multiple cards, even checks, and cash. What the merchant is selling could be more telling as to what they will accept, as it would make more sense for a food truck to sell their foods in litecoin or feathercoin, then in bitcoin. It would make more sense for a car dealer or real estate company to sell in bitcoin.
-
Hi All, I’m new to the Feathercoin community. This is exactly the sort of discussion that I was looking for. Thank you.