Americans and Crypto
It seems like every day we who live in the USA hear about another exchange that will be dropping us, or severely limiting our participation. It’s looking more and more like the only crypto assets we will be able to trade will be highly decentralized true currencies, or well-established, highly decentralized utility tokens like ETH. That makes projects like Feathercoin more important. I admit that I had sort of assumed this project was dead based on its low volume, last news post being from 2016, etc. But then I found Coinbook, just this morning, and saw that it’s one of their few old, reliable coins. We need to support every asset that Americans can buy, sell, and hold. What’s the best way for a non-coder to contribute to Feathercoin? Running a node? Spreading the word? I would like to be part of this.
j_scheibel last edited by | Tip j_scheibel
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.