A Possible Future with DPoS, etc.
-
The problem here is ultimately we have 2 options. Start again under a new model, or try make a transition to a new model.
Problem with starting again means throwing out the coins. Literally bag holders with a dead token. Although theres no reason in this scenario you couldn’t make a partycoin from FT2 using FTC… i didnt think about that…
anyway, problem with the other option, it completely limits Feathercoins ability to gain maximum valuation. Even if it does move to the exact same piece of amazing tech.
This DPoS coin could take on the utility of counterparty and ethereum at the same time.
-
updated again
-
The problem here is ultimately we have 2 options. Start again under a new model, or try make a transition to a new model.
Problem with starting again means throwing out the coins. Literally bag holders with a dead token. Although theres no reason in this scenario you couldn’t make a partycoin from FT2 using FTC… i didnt think about that…
anyway, problem with the other option, it completely limits Feathercoins ability to gain maximum valuation. Even if it does move to the exact same piece of amazing tech.
This DPoS coin could take on the utility of counterparty and ethereum at the same time.
Well yes, I’ve pointed that out a few times. First of all one of the features of the new blockchain is the issuing of new assets. You can just Featherparty the old tokens on over. This makes the existing FTC tokens MORE relevant, since they can now be traded on the decentralized exchange and participate in asset value pegging transactions.
Another feature of a DPoS chain is it becomes a viable candidate for targeting with a PoW chain, so you can eliminate NeoScrypt and switch the FTC network to a pure side-chain, eliminating all the security problems with FTC in the process.
That’s why these services are entirely complimentary to the old blockchain, not competitive, and can even add great value to the old network both in terms of services, support, relevance, market valuation, AND security.
But this is ONLY viable if the chain has economic value to incentivize new delegates to secure the network. The whole thing falls apart the minute you fail to provide economic value.
-
ok i got my answer thank
-
i understand you point Kevlar but the question remain member of the community have invested into the coins they are share older to this coin and what would happen if you star new like Calem say that means holders with a dead bag of coin or what
It’s a blockchain. It doesn’t stop unless miners stop mining it. There’s literally no threat to existing token holders, and lots of additional tricks the old coin gains. See the above post.
In addition, it’s really important to understand that this is fundamentally different.
Yes, it’s a blockchain. And that’s really where the similarities end and the complimentary aspects begin.
For starters, it’s not a token of account, so it’s not a ‘coin’.
It’s not PoW or PoS, so it doesn’t compete for hash rate.
It’s not trying to compete for market share in the same space FTC is: instead it provides complimentary services for FTC.
So this idea that as a result of complimentary services being launched, that existing token holders would become dead bag holders was never on the table, never suggested, and really, never even so much as a possibility. Whoever told you that should be told they are wrong.
What we’re suggesting would add great value to the existing tokens in the form of new services and new solutions for securing the blockchain.
-
Ive updated it, but ftc can become a sidechain of this new coin that is a pure btc PoB.
-
I forgot about the fact that you could still keep the old network close to it’s current form but just way more secure…
Like i said above, i havent gone into the gritty detail of the tech involved but yeah, as kevlar mentioned, and this is one of the idea’s we talked about months ago on slack and we were pitchforked for it, ftc could become an asset on the new network.
The chances are, you will see a more organic valuing of the tokens price because miners are no longer forced to mine and dump it to secure its network!
-
The chances are, you will see a more organic valuing of the tokens price because miners are no longer forced to mine and dump it to secure its network!
Ah, I see we’ve finally come full circle, back to the suggesting I made that started us down this path all those months ago: A solution to the economic crisis.
-
This is no coincidence… I didn’t stick around to help lead the coin to a half baked idea.
It was the best idea at the start of the year, and it still is. I’ve done my best to find more acceptable alternatives but none have been reached.
You can’t take all the credit. ;)
-
thanks for the explanations, and all the best for this project,
-
thanks for the explanations, and all the best for this project,
And thank you for setting the example for the rest of the community and not pitchforking us.
-
This is no coincidence… I didn’t stick around to help lead the coin to a half baked idea.
It was the best idea at the start of the year, and it still is. I’ve done my best to find more acceptable alternatives but none have been reached.
You can’t take all the credit. ;)
I wouldn’t think to! It has been a joint venture of a Bill and Ted scale.
Wayne and Garth?
Bert and Ernie?
Mike Lowrey and Marcus Burnette! There we go.
-
We know it is possible and perfectly viable. But with that said. Kevlar and I are just messengers. We can not help make this happen.
It is not something we want to do or are willing to do.
I’m willing to come back and help coordinate if asked and if there’s funding with a dpos structure for the team.
But let this be clear, this isn’t our project. This is for who ever is willing to write the code.
As repeated again and again, we are just sharing information we have gathered.
-
@Kevlar XD lol?!
-
i am lost in between the fight you are having and trying to understand
what are the changes you want to make to FTC
try to stop the figthing and construct find a consensus if you beleive in FTC
and after explain it to the rest of us if you consider the
community as an important part of the process
I also request explanation and proper plan. Nothing more nothing less.
-
I also request explanation and proper plan. Nothing more nothing less.
Yes, we’ve given you tons of explanations. There is no ‘plan’ for FTC.
Why do you keep insisting we have one? We have a plan, and it has nothing to do with FTC, and you can’t have it. So please, stop asking for it.
-
well that what they are trying to do and it would be better if we all add constructive
feed back to the discussion so it evolve
-
This talk looks more healthy!
-
well that what they are trying to do and it would be better if we all add constructive
feed back to the discussion so it evolveExactly. There isn’t a finished plan, just a big block of possibilities which can be honed into the correct network for the future. Nothing is sacred.
-
I’ll tell you what I don’t want us to do though, stifle the future for the benefit of a privileged few.
The belief otherwise is why Mirrax has been throwing his toys out of the pram.
