A Possible Future with DPoS, etc.

Kevlar

One of the goals was to provide value to investors long term, both to existing token holders, and to potential new shareholders.

When did that stop being a goal when discussing a complimentary product? When did the needs of the very few start to outweigh the needs of the masses?

Ultimately this up to Lizhi or who ever submits the code to see if the market likes the idea or not.

I’m done trying to make a case for these various idea’s. The rest is up to any coder who wishes to try help.

Kevlar and I have looked into a range of options. We’ve both had to learn so much in the last few months it’s insane. But we have both come to similar conclusions. I quit my full time job to be able to do this. In no way do I want to dictate the future of ftc, I never want to bare that responsibility. A lot of these things I talk about is going into the coin Kevlar and I are doing completely separate from ftc, its community, and everything about it. We are sharing some of our thoughts, discoveries and ideas and it’s up to you the reader to choose what you want to do with that information. Things are dire for all coins and I honest to god do not know how the future will unfold. Everything I believe now may be incorrect in 2 years from now but there’s one thing i know will never change.

Code doesn’t write itself. Not yet anyway.

kelsey

omg now ICOs

i shouldn’t even need to say that, but not only will an ICO related to ftc ruin what little reputation ftc has, but also ICO are illegal, just most the crypto community hasn’t woken up to this fact.

omg now ICOs

i shouldn’t even need to say that, but not only will an ICO related to ftc ruin what little reputation ftc has, but also ICO are illegal, just most the crypto community hasn’t woken up to this fact.

I don’t know where to begin…

Oh thats right.

I’m done trying to make a case for these various idea’s. The rest is up to any coder who wishes to try help.
…

Code doesn’t write itself. Not yet anyway.

Kevlar

I don’t know where to begin…

Oh thats right.

I don’t know either. I mean try telling Kickstart it’s business model is illegal and a massive failure that leads to nothing but ruined reputation.

[personal attack removed]

Hey hey… lets keep the insults as true as they may or may not be, to oneself ahy?

@mrwyrm: and @kevlar , how about we just sit back and let them play with the information and do what they want. its all there. we have nothing left to contribute untill people have constructive questions to ask. We need to see how @lizhi feels because he is probably the only person who might code it, and is the most valued person in the community regardless of which side of the debate one may stand.

mirrax

@mrwyrm: and @kevlar , how about we just sit back and let them play with the information and do what they want. its all there. we have nothing left to contribute untill people have constructive questions to ask. We need to see how @lizhi feels because he is probably the only person who might code it, and is the most valued person in the community regardless of which side of the debate one may stand.

Now you have great exposure and see slightly different opinions then yours.

Do not be scared.

Unroll the discussion in polite and constructive manner.

Please do so.

Or crawl back to Slack and do your personal plans?

Sure but I’ll be waiting if anyone has any questions.

MrWyrm

personal plans?

Personal plans? You mean thrashing out ideas! :)

Everything is still up for debate. Nobody has made a single change yet.

Kevlar

Well I’m sorry but I’m sick and tired of being constantly misrepresented here.

I said ICO does 4 things, and instead of any sort of thoughtful discussion what I get is literally, “I just don’t like it.”

I understand the problem though.

We keep trying to describe a rocket ship, but we’re going about it the wrong way. That’s obvious from everyone’s constant reaction.

They don’t hear that it is capable of traveling to the moon and back, they just recoil at the idea of having flames shooting out of the nozzle. And who can blame them? They’re used to driving cars. Cars don’t have flames shooting out of the back, and whenever they have seen a car with flames shooting out of it, that was ALWAYS a bad thing, so surely this is a VERY bad thing too. And this whole air tight structure? We like to breath the air out side, thank you very much, but no thanks!

I get it.

I’ll be waiting on Slack too if anyone does want to build rockets.

By personal plans he means the coin i will be leaving feathercoin for in time to create with kevlar.

I shouldn’t be giving away my secrets anyway. So he is right. It’s for my own best interest to leave now before I reveal to much about the killer coin that’s going to make all coins redundant.

Now it’s time for me to go off and work on my evil plan.

/me cackles evilly

zerodrama

Kevlar, any pointers on generalizing the cryptocoin format so

1. coins can be libraries

2. wallets can be scriptable themes

would be welcome.

My health is a little better and I am getting back in this thing. I think what happened to us in the before times rattled me a bit.

As for slack, I tried maintaining the #feathercoin channel on freenode, but web is taking over everything, because well installing and configuring stuff is getting worse.

Cue Hitler finds out video…

kelsey

An ICO accomplishes 4 things:

#1: it’s a fair way to do the initial distribution.
#2: it establishes a fair market value at the time of launch.
#3: it generates interest
#4: it (potentially) rewards the developers.

It’s fine if you don’t want to come and discuss the whole of the solution. Just please understand that all that means is you will not understand it, any more than you will understand how a computer works by watching someone play a video game with it… And in fact your likely to get the wrong impression entirely, like that all a computer is good for is video games.

#1: well as fair as fiat

#2 : you constantly seem to confuse price with value (something I noticed in your dribbling on speaches)

#3: including plenty from SEC and FINCEN soon enough

#4: yes (just as fiat rewards the greedy bankers which is kinda the whole point to having alternatives to fiat).

Good luck ftc.

flcph

I am not a coder nor a miner i am just holding a few FTC, because i like the idea and the community who was behind it and hope still behind it, i continue to buy from time to time some ftc, so what would happen to them if a new Blockchain is being created…

ghostlander

Except. as I keep pointing out, the market DOES NOT think that. They think these coins are valued in the top 10 of the market cap presently.

Do you understand what that means? That these ICO coins are in the top 10 market cap?

I can make a 100% pre-mined coin a put it in the top 10 with no trouble. It will take a lot of nice looking bull shit, trolls and sellswords of many kinds, broken promises, fake ICO and fake volume on exchanges, but it will be in the top 10 and stay there for a while. What’s the point of this market manipulation?

Kevlar

I can make a 100% pre-mined coin a put it in the top 10 with no trouble. It will take a lot of nice looking bull shit, trolls and sellswords of many kinds, broken promises, fake ICO and fake volume on exchanges, but it will be in the top 10 and stay there for a while. What’s the point of this market manipulation?

I would love some evidence of this. That would be fantastic. Thanks.

Kevlar

#1: well as fair as fiat

#2 : you constantly seem to confuse price with value (something I noticed in your dribbling on speaches)

#3: including plenty from SEC and FINCEN soon enough

#4: yes (just as fiat rewards the greedy bankers which is kinda the whole point to having alternatives to fiat).

#1: You’ve not demonstrated anything with this statement. ICOs do not operate like fiat, are not issued like fiat, are not government controlled like fiat, are not accepted as a currency like fiat, are not inflated by the banks like fiat, and generally don’t have anything to do with fiat last I checked.

#2: For the purpose of this discussion, let us assume that value == price * voulme. That is to say if you have 1 million tokens, and those tokens are priced at 1 dollar each, but the volume only supports 10 dollars worth of sales, then your tokens are only valued at 10 dollars, not at 1 million dollars.

#3: Regulators have taken a hands off approach to regulation of DACs, and DACs have built in protection from those who would seek to regulate them. Your appeal to fear did not hold sway with the market in 2013, and it’s not holding any sway with us now.

#4: So glad you agree. I can also assume that this means that you also agree that these types of activities are valued greatly by the market, and developers deserve to be compensated for the time, hard efforts, specialized skills, and reaching vision and creativity, so I’m sure you’ll also agree that a coder getting paid for his work is very much part of a healthy ecosystem of development and innovation and a major driving force in this whole ‘technology sector’ that most of us operate and specialize in.