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supporting a coin is kind of an odd thing if you think about it. Its like saying “how do you support the US dollar?”. Basically, you use it.
In the case of feather coin and any crypto in general, yes, mining it is one way … or buying and holding some is definitely supporting it.
The big thing is using the currency though. If you can make it an active part of whatever commerce you do, you encourage its further use. It’s really that simple.
Now i’m not saying you should run out and start up a feather coin only Amazon website. I mean that would be ideal, but it might fail entirely if you cant convince people to use it. So for me I’ve always wanted to do such a thing, but its such an investment in time that i’ve always stopped short of actually implementing it.
Personally, I’ve toyed with the idea of using it for in-game purchases or other things tied to video games where it makes a lot of sense. more so than using a fiat currency. the problem of course is people have to want whatever you are selling (new expansion, add-on, etc) enough to go through the learning curve of getting some feather coin to get what they want. If you can motivate them though you’ve accomplished your goal.
So i went to mexico recently on vacation. I had to buy pesos (weill i didn’t need to … i barely used them) but it was a perfect example of when crypto currency would have been ideal.
I think for a long time now people have realized that the real problem with crypto currency is its volatile. the price moves too much to hold and expect the “sandwiches worth” of feather coin to be worth a sandwich later. maybe it’ll be worth 2! or maybe a half. but the point is if its worth half. you get upset and if its worth two you kinda dont want to spend it.
So I think the solution might be to approach this like credit cards do. they do the exchange in real time. so basically someone sets up an exchange that will fill orders on an as needed basis. you need 100 pesos it takes your fiat currency buys the feathercoin at market price (100 pesos worth) sends it and you are done. The customer could do the same in reverse if they like to put it in their bank. and unless the market is moving like crazy it should be stable for a transaction. a sandwich’s worth is a sandwhich’s worth and there is no lag or down time.
in order for this to work though I think you would have to use custom wallet/software to make it happen. in short they would payout of a wallet address they own and have authorized a payment amount from to another address. so you would never actually have a wallet just their software which did all the necessary work. their wallet they keep filled so there is very little if no lag time between the exchange. they simply look up what it costs them to fill the order. take that much fiat currency buy it from the market and then send from their real wallet over the amount needed to pay the bill.
it does kinda take the crypto currency out of the transaction as far as the user is concerned… and really the exchange its up working like a prepaid credit card, but it does fix the problem of fluctuating currencies and dealing with international borders… but then so does a credit card.
(i’m just spit balling here)
One of the key features of blockchain technology which truly sets it apart from every other means of transacting is the fact that all transactions are “absolutely private”. This is what we have been led to believe down the years due to our ignorance. We only need look at the manner in which people can see all the contents of our cryptocurrency wallets and monitor all our transactions simply by having our wallet address. To put it simply, transactions are not truly private. Yes, there have been projects which have been targeted at getting rid of this issues for good but there hasn’t really been a resounding success story till date.
Have you heard about Veil?
The [Veil](https://veil-project.com/![alt text](image url)) platform is aimed at revolutionizing the entire cryptosphere by bringing top notch privacy and anonymity to the fore in all operations. The motto “Privacy without Compromise” just further reiterates this fact. A question you should be asking right now is “What sets Veil apart from the competition?”. You will get your answers by reading a little bit further.
Always on Privacy & Security
The veil project is aware of the vulnerabilities in the current system and wants to correct them. For this reason, the platform that uses the Zerocoin protocol and RingCT technologies wants to build a completely invincible firewall for users. This is to maximize the experience of the architectural blockchain created by Veil.
Anonymous Passive Income Opportunity
For now, it is possible to have a passive income on many platforms. However, the veil project wants to take this one step further. You earn the awards in the veil project anonymously. That means no one knows how much you win and when you win. Even if you leave your wallet open, you can take advantage of the stack rewards.
The veil project does not require any third-party company or stock exchange to maintain its continuity. Thanks to the consensus created by the veil project, users confirm the accuracy of their blocks and thus no third parties are needed. Because the project is completely user-oriented. As a result, the wallet is user-friendly and has a simple interface and design that makes it easy for users to work with…
So, at this point, what do you think about Veil?. Do you foresee any downsides to this project?. You can air your opinions in the comment section.
@Christian_Masek Not sure what you mean by ‘see some differences’, but
If you mean differences in the archived hash rate you can start modifyinng the intensity parameter, either in ccminer’s config file or by using the -I command line parameter.
Typically lowering the intensity reduces the archived hash rate and the power consumption of the GPU.
Inreasing the intensity increases the hashrate, but if it is set too high, you will notice errors in the ccmimer logs, and the hash rate way drop.
When you have found the optimal setting for the intensity, you can do another -slightly dangerous- thing, which is to overclock your GPU and GPU memory, if your card/driver software does allow that.
If you go for that it is at your own risk, as your GPU may overheat or even be destroyed.
You should increase the clock rates with very small steps.
In order to reduce the risk of overheating you could try to lower the GPU voltage a bit, but possibility again is dependent on your GPU driver software.
Since you were interested in UFO in the past - I’m glad to say that project is alive and under development.
Lasted progress upgrade from the team is available at https://bitcointalk.org/index.php?topic=5139845