FTC's future
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I’m greedy cos I thought you saying the FTC blockchain was dead was sad.
I have no words.
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So if it’s as dead as its gonna get, lets have a crack at the PoS model then?
0%, 50%. Ultimately makes no difference if people think the monetary properties are butchered.
Personaly im still a fan of trying out 0% PoS. Maybe even ditch PoW altogether for it and see if people keep wallets open with no reward?
Or maybe we try out 50% PoS.
Thoughts people? I have no emotional attachment to money so you guys gotta call the shots here.
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I’m greedy cos I thought you saying the FTC blockchain was dead was sad.
I have no words.
Do you enjoy taking people’s words out of context? It’s like arguing with a religious fanatic: They’ll do anything to misrepresent your point because they don’t have a solid ground on which to debate so their only defense is to weaken your position. They never stop to examine the facts, they’re too busy lobbing emotional artillery in hopes that they’ll loosen your grip on reason so they can gain any ground. It’s a terribly dishonest way to debate with someone!
I said people who have an emotional attachment to wealth are greedy. Not you’re greedy because someone pointed out that the blockchain had no where to go, and that made you sad. Where the fuck do you get this shit from Kris? Can’t we talk about the facts instead of you being butt-hurt for a change?
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So if it’s as dead as its gonna get, lets have a crack at the PoS model then?
0%, 50%. Ultimately makes no difference if people think the monetary properties are butchered.
Personaly im still a fan of trying out 0% PoS. Maybe even ditch PoW altogether for it and see if people keep wallets open with no reward?
Or maybe we try out 50% PoS.
Thoughts people? I have no emotional attachment to money so you guys gotta call the shots here.
You know, Calem has an incredibly salient point.
If the goal is decentralization of the network, wouldn’t ditching PoW alltogether and replacing it with PoS be the way to achieve that?
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Can’t we talk about the facts …
ok doke. Languege here people.
Umm i think context has gone out the window here.
I don’t even know what kris was implying but im really confused now.
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I’m greedy cos I thought you saying the FTC blockchain was dead was sad.
I have no words.
What did you mean by this exactly?
I’m confused… Context etc. Im not a fan of forums for debate.
The forum should be a place for providing help support and information. Not debate. It sucks for debate and is why it takes forever to do anything.
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But yeah. Let’s debate Proof Of Stake and its many variants. Let’s search for an idea to help improve the concept without trying to build the coin up with a house of straws…
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But yeah. Let’s debate Proof Of Stake and its many variants. Let’s search for an idea to help improve the concept without trying to build the coin up with a house of straws…
We could, but it’s still just a technology for securing the blockchain, not an economic solution.
Now if you want to talk about PoS in the context of how it can help address the economic problem? I’m totally on board! I’ve got an idea, but no one will appreciate it, so I’ll share it with you on Skype…
And you loved it. Because it uses PoS or a similar technology to address 2/3 of the economic problems listed.
[6:20:58 PM] Calem: wha!
[6:21:03 PM] Calem: oooooooooooo
[6:21:11 PM] Calem: that would be soooooo controversial…
[6:21:13 PM] Calem: I love it
[6:21:14 PM] Calem: XD
Oh yeah. We’re on to something now.
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Hi,
This is my personal and subjective opinion on FTC’s future:
Feathercoin price going down, and pools closing because of economic collapse on mining… Price of electricity, cost of infrastructures, war is coming… Who knows?. You cannot relay on fiat exchange rating price, as it does not reflect the truth about technology. Price and value do not always walk together, specially in its origins, and also during intense changes. Too much general misunderstandings, disinformation and perhaps attacks on reputation, real or not. In my opinion money is, at the end of the day, a trust issue.
We the people are shifting values -as we have always been through history- and quite not really understand what is going on. But there is something for sure: You will find faith in the last explanation. I can make my biggest effort to understand the technology -we all do-, but I must at some time relay on an individual or community that knows more that I do. And therefore trust, believe.
And yes, we stand over every layer that we have built before, but the last and most effective faith that shapes our world is technology. We may see price fall and rise, but the value of Feathercoin (and cryptographies in general) is much higher than people think it is. Only time, knowledge and specific actions (experience) will tell where we go. Thanks for making it possible.
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This is my final idea before I go launch my own coin.
[100% PoS | TX Fee only with 0% Block reward]
Yes.
I am suggesting we stop all production of coins (Feathercoins).
We give the world ample warning and make the shift to a truly Scarce coin.
It could be made more fair using a dual fork where people must vote by picking which BC to transfer their coins too.
One fork is tradition FTC with the Core and no ACP and use a re orgs change to secure the network instead. The other chain will be identical with the exception of [100% PoS | TX Fee only with 0% Block reward]
Once you pick your BC there’s no backsies unless you buy/sell on an exchange.
If you are undecided, you can sit back and wait for the dust to settle then pick your new software/BC.
Organic voting.
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This is my final idea before I go launch my own coin.
[100% PoS | TX Fee only with 0% Block reward]
Yes.
I am suggesting we stop all production of coins (Feathercoins).
We give the world ample warning and make the shift to a truly Scarce coin.
It could be made more fair using a dual fork where people must vote by picking which BC to transfer their coins too.
One fork is tradition FTC with the Core and no ACP and use a re orgs change to secure the network instead. The other chain will be identical with the exception of [100% PoS | TX Fee only with 0% Block reward]
Once you pick your BC there’s no backsies unless you buy/sell on an exchange.
If you are undecided, you can sit back and wait for the dust to settle then pick your new software/BC.
Organic voting.
There is no way to force people to choose between chains, they can choose both.
Do you mean to stop production of coins in Feathercoin? We should never change the inflation model of Feathercoin as doing so is unfair to those that have and have not bought in. Making a new chain off of the Feathercoin chain is fine but certain things should be left untouched in Feathercoin like the inflation model.
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They can choose chain A for half there coins and chain b for the other half or they can choose not to choose and wait it out to see what happens.
Dual chains existing side by side… Parallel timelines.
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[100% PoS | TX Fee only with 0% Block reward]
Yes.
I am suggesting we stop all production of coins (Feathercoins).
We give the world ample warning and make the shift to a truly Scarce coin.
Please excuse me for not being able to technically really understand, so I would like to ask if I understood it right:
I just text think if you mean something like a coin that is been “coined” up to a total, kind of what would be if all Bitcoins already mined some when, so actually no more production of new coins, and all effort going in decentralization and securing the network, going to securing transactions in that coin closed ecosystem?
I wonder how would price and value do in such currency…
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I support the idea of stopping coin production, that way we may get rid of the miners finally…they only dump anyway.
But seriusly, I vote for this.
Current model is not good.
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So, basically create a new coin with the existing Feathercoin blockchain and set it to be PoS only. This is doable.
What is the PoS rate going to be, something like 1%?
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I’m sugesting something like a normal fork. But instead of having one option, everyone gets 3 options.
One chain becomes 100% PoS with 0 block reward and the tx is the only incentive. (I don’t even know if this is possible)
The other chain can be any idea that can be whatever yous guys think is best.
The third option is to sit on the old chain and wait and decide which direction they want to go.
I will take my 300k ftc onto the BC that will never create any more coins ever again. (But coins from the old chain can be moved here)
The idea is this. It is the most organic form of voting conceived in history.
And yes, this requires 2 times the amount of work but the point is to revolutionise the way forks are pulled off.
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never give people choice, thats not really what they want = to much effort, using brain…not good
1 fork, no choices
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Well, maybe we just move to PoS with Core then.
Bush, Liz, Ghost… Take the lead.
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I’ll just have to blow the worlds mind with xBT.
