CALL FOR VOLUNTEERS: We are putting together a Feathercoin Media Team
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I have been enrolled in bilingual schools for half my life, so I think I would be able to do English/Dutch translations if needed. I saw Bittylicious putting up a Dutch website so I guess they will be selling BTC in the Netherlands pretty soon, and I expect FTC (if succesful in the UK) to follow! :)
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Hi team! I like to think I do my part by telling everyone I meet about cryptocurrency, however one fact bothers me very much about cryptos and that is the fact there isn’t a standard rate i.e. 1 FTC=$1 USD. And not just putting that on FTC, no crypto has a flat rate and this in my experience has been the deterrent to potential investors. I have a self directed investment account with Merrill Edge that I do trading and investments with so I enjoy trading cryptos on BTC-E because it is so much faster (to earn or lose money) but I am mining the FTC so other than the 0.08 per kWh (almost a dollar a day for ~30FTC) my investment cost is minimal. To my potential prospects, I have no way of convincing them to invest thousands of dollars into mining hardware, or otherwise investing into the coin itself when there is nothing other than thin air backing the coin. What do we need to do to have the FTC backed by a physical item? My thoughts of cryptos are this BTC=Gold, LTC=Silver, FTC=Bronze. Although I don’t believe all other cryptos to be obsolete or worthless, I believe all other cryptos will have to be/should be converted in to one of the 3 main cryptos to be used/traded/spent. Again, BTC is already compared to gold and many, many observers have concluded that 1 BTC value will be equal to 1 oz. Gold. I can somewhat agree with that price point because of the rarity of the coin is similar to the rarity of the metal. However, it is all just speculation because none of the coins are actually backed by anything. Is that correct or am I completely wrong? I had 10 BTC I sold when the price was $1050.00 per coin cashed out, bought 5 LTC for $9.99 a piece and sold them when they reached $42.00, cashed out and have been mining FTC ever since because I believe that FTC will be used for everyday transactions if and when we figure out how to become mainstream currency and I think that will only happen when the three main cryptos (BTC, LTC,FTC) are backed by the metals? and value they represent.
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This may be true Blooddog but no currency has “flat rate”. Currencies have exchange rates as well that go up and down, they’re just more stabilized.
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That is my point, they are more stable because they are backed by a real commodity. If you do not already, go to BTC-E and watch the charts, the amount of +/- fluctuations across all the coins is…appalling? I don’t even know the right word to use.
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[quote name=“blooddogg757” post=“40139” timestamp=“1386260872”]
That is my point, they are more stable because they are backed by a real commodity. If you do not already, go to BTC-E and watch the charts, the amount of +/- fluctuations across all the coins is…appalling? I don’t even know the right word to use.
[/quote]Let me help you out with that right word(s): The amount of fluctuation in the price of a new, emerging, and highly disruptive technology that we’re seeing is “highly predictable”.
Every time bad news comes out, it loses a bunch. When good news happens, it gains a bunch. When the pump and dumpers pump it, it goes up, and when they dump it, it goes down. It’s very regular.
Now look at the 4 year chart for Bitcoin, and change your scale to “logarithmic”. Now instead of a bunch of fluctuation, you see a straight line with a few peaks and valleys here and there.
Wait, what? A straight line? It’s the same chart… it’s just now being plotted in terms of percentage of growth instead of price against an asset which is rapidly being devalued by inflation.
Alt-crypto-currencies have experienced a steady rise against fiat-currencies without any backing as well. All backing does it make a centralized party responsible for taking the loss on price fluctuation, but the correct move for crypto-currencies is to continue to appreciate in value. This is the long term trend for crypto-currencies against fiat-currencies WITHOUT backing against metals. Why on earth you would want to stop this trend is beyond me, say nothing for how you would actually go about doing it.
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Kevlar, what obstacles do you see preventing cryptocoins from getting main stream acceptance? Can the government interfere and take them down?
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I’d like to apply to assist. I just completed my degree and am working on my consulting business while I apply for bricks and mortars employment. I’ve got some time to devote. I’m capable of working at any level. Do you still need assistance?
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[quote name=“Nixxle” post=“40316” timestamp=“1386283552”]
I’d like to apply to assist. I just completed my degree and am working on my consulting business while I apply for bricks and mortars employment. I’ve got some time to devote. I’m capable of working at any level. Do you still need assistance?
[/quote]Of course - I’ve added you to our team list and will be in contact shortly. Where are you based?
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[quote name=“futureproof” post=“40302” timestamp=“1386280525”]
Kevlar, what obstacles do you see preventing cryptocoins from getting main stream acceptance? Can the government interfere and take them down?
[/quote]Number one problem I see is education. People just haven’t heard about them, or if they have, they don’t know all the facts. Many people I’ve spoken to took one look at the “assassination market” article on forbes.com and said, “Nope!”, which really made me realize just how important public perception is with regards to this. Of course if they knew what their dollar bills were being used for, the same people would probably throw their bills in the fire place and demand to be paid in solid gold bars.
When people are properly educated about it, the overwhelming majority of people are very keen to the idea.
Yes, absolutely the government can interfere… but interfering and breaking are very different.
They could, for instance, make a huge purchase. They could do this, presumably, as much as they want by printing more cash, but to do so would drive the price of Bitcoins up, and the value of cash down, so that’s a losing proposition. It might be a end-game maneuver for a currency that they plan on abandoning. I think China is on the verge of doing this.
They could also liquidate a bunch of the ones they’ve seized, driving the price down.
The could regulate them, like China’s government just did, saying that banks can’t use it as a form of inter-banking trade, but to a more extreme end. It’s unclear if China’s move was a good one or a bad one, the jury is still out.
They could do like Germany, and declare it an acceptable unit of account.
What they can’t do is stop people from treating it like a currency. They can’t stop people from owning it, trading it, exchanging it for goods and services, and treating it like a store of their value. They can’t impose a tariff on it like they do traded goods (or at least if they do they can’t enforce it), or seize it like they do money in banks. They can’t print more of it. And perhaps most importantly, they can’t shut it down without shutting down the internet.
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I’m in Ohio, though sometimes I travel across states for work.
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I don’t want to stop cryptos, I participate in mining them and using them, I advocate for cryptos.
Every investor I know will not invest in cryptos until they are backed by “something”. What that something will be remains to be seen.
My point was, I can’t pay my rent with cryptos, Food Lion doesn’t accept my Mt. Gox BTC debit card. McDonald’s doesn’t pay me in Feathercoins, I don’t even have that option.
And just to be clear, the government CAN and WILL seize your cryptos, look at the Silkroad fiasco.
Also, no government may be able to shut off the internet but they most certainly can deny you, and me and everyone else for that matter, access TO the internet. -
[quote name=“blooddogg757” post=“40609” timestamp=“1386349147”]
I don’t want to stop cryptos, I participate in mining them and using them, I advocate for cryptos.
Every investor I know will not invest in cryptos until they are backed by “something”. What that something will be remains to be seen.
My point was, I can’t pay my rent with cryptos, Food Lion doesn’t accept my Mt. Gox BTC debit card. McDonald’s doesn’t pay me in Feathercoins, I don’t even have that option.
And just to be clear, the government CAN and WILL seize your cryptos, look at the Silkroad fiasco.
Also, no government may be able to shut off the internet but they most certainly can deny you, and me and everyone else for that matter, access TO the internet.
[/quote]You obviously don’t know the Winkelvoss twins. The USD isn’t backed by anything at all anymore, yet foreign countries stockpile it. You can’t pay your rent with cryptos… yet. I can. I showed my landlord what it was all about and now he’s excited to get the rent check in Bitcoins. Food Lion may accept gift cards which can be purchased on gyft.com for BTC.
And just to be clear, the government CANNOT seize cryptos from encrypted wallets. The Silk Road fiasco happened because DPR was sloppy as fuck, and they STILL can’t unencrypt his personal wallet. All it takes is 10 seconds to make Bitcoins unseizable.
Also no government can deny you access to the internet. The recent revolution in Egypt made this point very clearly when the government tried to cut off access, and the people found ways around it by the hundreds of thousands.
Your arguments do not hold up under scrutiny I’m afraid.
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Hopefully without causing any offense, I’d like to say, Kevlar is sorta right.
blooddogg, your fears are justified, but crypto’s are backed by software. Brilliant and open source software. It’s a currency where we can all have a say and part.
One thing you can’t do with dolars etc, is vote against printing more fiat which is putting the future generations into exponentially more debt…
I think crypto’s will survive just fine provided people feel it’s better that we as a group can control our money supply, not some private and faceless corporation which can decide when you can or can’t have access to said money. Untill crypto’s start funding wars which kill millions of innocent people every year, I will believe that it is a currency for the people.
Hence why for the next 3 days I’ll be working on some music as a contribution to what I believe in.
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[quote name=“Kevlar” post=“40723” timestamp=“1386364969”]
[quote author=blooddogg757 link=topic=5200.msg40609#msg40609 date=1386349147]
I don’t want to stop cryptos, I participate in mining them and using them, I advocate for cryptos.
Every investor I know will not invest in cryptos until they are backed by “something”. What that something will be remains to be seen.
My point was, I can’t pay my rent with cryptos, Food Lion doesn’t accept my Mt. Gox BTC debit card. McDonald’s doesn’t pay me in Feathercoins, I don’t even have that option.
And just to be clear, the government CAN and WILL seize your cryptos, look at the Silkroad fiasco.
Also, no government may be able to shut off the internet but they most certainly can deny you, and me and everyone else for that matter, access TO the internet.
[/quote]You obviously don’t know the Winkelvoss twins. The USD isn’t backed by anything at all anymore, yet foreign countries stockpile it. You can’t pay your rent with cryptos… yet. I can. I showed my landlord what it was all about and now he’s excited to get the rent check in Bitcoins. Food Lion may accept gift cards which can be purchased on gyft.com for BTC.
And just to be clear, the government CANNOT seize cryptos from encrypted wallets. The Silk Road fiasco happened because DPR was sloppy as fuck, and they STILL can’t unencrypt his personal wallet. All it takes is 10 seconds to make Bitcoins unseizable.
Also no government can deny you access to the internet. The recent revolution in Egypt made this point very clearly when the government tried to cut off access, and the people found ways around it by the hundreds of thousands.
Your arguments do not hold up under scrutiny I’m afraid.
[/quote]I agree with Kevlar 100% in that EDUCATION is the number one problem. I’m not sure that everyone is familiar with how big this issue is in the US (be gentle), but I can tell you from my experience with our public education system, that it is just as flawed as our currency system and our foreign policy. Given the choice between Ben Bernanke and Kevlar at the helm of the federal reserve, I would choose Kevlar based solely on his posts that I’ve read so far (also, I think he would find some way to shut the place down from the inside, if I’m reading between the lines correctly).
Long boring story short, we need to be educated. Not only on how the crypto system works, but also on how the system we’re putting it up against. The average american doesn’t have a clue how our money system works, so why would I expect them to grasp FeatherCoin? Especially if they don’t have an IT background.
tl;dr
We need to put together very basic educational materials that explain what FTC is at it’s core. I will help in any way that I can. -
[quote name=“Calem” post=“40980” timestamp=“1386399282”]
Hence why for the next 3 days I’ll be working on some music as a contribution to what I believe in.
[/quote]Hey Calem, if you need some guitar work recorded for any FTC projects, let me know. I’ve been playing for 14 years and I have a Pro Tools HD rig ready to go. Here’s a link to my band’s soundcloud that I set up (we’re getting ready for an itunes release pretty soon) [url=https://soundcloud.com/nevercast]https://soundcloud.com/nevercast[/url]
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Hi,
New here but happy to help with the media team.
I divide my time between UK and NL, so pretty busy but happy to help.
I am an excellent proof-reader, educated to Master’s level. English only unfortunately, but happy to edit/proof-read any document before you send it out.
I’m also a software developer and run an IT consultancy so might be able to assist in other ways in the future.
Someone asked about a way for the media teams to collaborate using some software that is better than the forums. I can HIGHLY recommend hall.com. We recently completed an evaluation on a slew of platforms for team collaboration for geographically dispersed teams - hall.com came top (against Campfire, GoToMeeting, Skype, MS Lync and a few others I cannot remember).
I think we can hall.com for free if since you only pay if everyone is on the same company domain (which we will not be). Also we don’t really need group video/voice conferencing, although you get 1-to-1 for free also.
I am not affiliated with hall.com in any way.
Cheers,
CountBlood -
[quote name=“MTRisner” post=“41652” timestamp=“1386517331”]
[quote author=Calem link=topic=5200.msg40980#msg40980 date=1386399282]
Hence why for the next 3 days I’ll be working on some music as a contribution to what I believe in.
[/quote]Hey Calem, if you need some guitar work recorded for any FTC projects, let me know. I’ve been playing for 14 years and I have a Pro Tools HD rig ready to go. Here’s a link to my band’s soundcloud that I set up (we’re getting ready for an itunes release pretty soon) [url=https://soundcloud.com/nevercast]https://soundcloud.com/nevercast[/url]
[/quote]Definitely. There’s another guy as well who’s got some hardware synth’s. My brother and a family friend of ours is a brilliant guitarist too. So yeah. Once I get organised and finally finish this mix I’m trying to finish off, we could get stuck into some serious collaborations.
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[quote name=“Calem” post=“42323” timestamp=“1386641095”]
[quote author=MTRisner link=topic=5200.msg41652#msg41652 date=1386517331]
[quote author=Calem link=topic=5200.msg40980#msg40980 date=1386399282]
Hence why for the next 3 days I’ll be working on some music as a contribution to what I believe in.
[/quote]Hey Calem, if you need some guitar work recorded for any FTC projects, let me know. I’ve been playing for 14 years and I have a Pro Tools HD rig ready to go. Here’s a link to my band’s soundcloud that I set up (we’re getting ready for an itunes release pretty soon) [url=https://soundcloud.com/nevercast]https://soundcloud.com/nevercast[/url]
[/quote]Definitely. There’s another guy as well who’s got some hardware synth’s. My brother and a family friend of ours is a brilliant guitarist too. So yeah. Once I get organised and finally finish this mix I’m trying to finish off, we could get stuck into some serious collaborations.
[/quote]The other guy reporting in! I’m up for some serious collaborations and watching the thread! :)
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Awesome man. I’ll get MTRisner, you an I working on something real soon. It will be really cool to see what the 3 of us can bring to the table. I know of a platform that will allow us to collaborate with ease. [url=http://www.chinesewhispersmusic.com/]http://www.chinesewhispersmusic.com/[/url]
I’ll suss it out and hopefully we can start something next week.
(my brother raeyhn is stuck in a remote-ish area and a laptop without the ability to record guitar at the moment)
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[quote name=“Calem” post=“42410” timestamp=“1386669013”]
Awesome man. I’ll get MTRisner, you an I working on something real soon. It will be really cool to see what the 3 of us can bring to the table. I know of a platform that will allow us to collaborate with ease. [url=http://www.chinesewhispersmusic.com/]http://www.chinesewhispersmusic.com/[/url]I’ll suss it out and hopefully we can start something next week.
(my brother raeyhn is stuck in a remote-ish area and a laptop without the ability to record guitar at the moment)
[/quote]That site is going to be awesome! It’s one of those ideas that I see and think, “Why in the world did I not think of this?”. I signed up.
Quick question. Does your brother have a cell phone? I have a buddy of mine who isn’t set up to record at his place, so he’ll record his parts with his cell phone and I just use it as a scratch track to lay down a higher quality recording of what he plays. We could at least use that type of a recording to get some of his ideas/input.