How is it possible?

ChekaZ

Feathercoin doesnt get hyped like all these new coins on bittrex, many people dont even know about FTC cause it was created before they were into crypto

Wellenreiter

@ChekaZ said in How is it possible?:

Feathercoin doesnt get hyped like all these new coins on bittrex, …

And for me that is a good thing.

mkxjinshan

@ChekaZ because there is no important news for ftc for a long time.

Wellenreiter

Also older coins are less hyped then new ones. They are simply working… ;)

It’s better to have no hypes but the coin is still alive after years, than having a hype and a dead coin 6 month later, when the speculators are gone

goldbuffalo

@kelsey FTC is going to correct imo, I see it valuated at half of LTC

ChekaZ

@goldbuffalo I wouldnt go that high, about 1/8th of litecoin would be appropriate imo.

peeet

@ChekaZ @goldbuffalo are you guys talking about market cap or price per coin?

In terms of market cap, at this present moment:
LTC/BTC = 3,240,389,542/67,387,859,137 = 0.04808565791 = 4.81%

In terms of price per coin:
LTC/BTC= 61.39/4073.10 = 0.01507205814 = 1.51%

If FTC/LTC was to remain at the same ratios as LTC/BTC, we should have either:

FTC = LTC(market cap) * 0.04808565791 = 3,240,389,542*0.04808565791 = $155,816,263.011754

Based on current supply of 174,251,000 coins, we would have a price of:
=155,816,263.011754/174,251,000
= 0.8942058468 or 89.42 cents

If we were to work out based on the price per coin ratio alone:
FTC = LTC * 0.01507205814 = 61.39 *0.01507205814
= 0.9252736492 or 92.53 cents

Of course both of these methods of calculating rely heavily on the fact that FTC to LTC will follow the ratio of LTC to BTC which will never be the case. Therefore, take the calculations with a huge grain of salt.

FTC to LTC will most likely be at least a half or a quarter of the LTC/BTC ratio i.e closer to the 40/50 cents or even 20/22 cents. Again pure speculation.

goldbuffalo

SegWit on FTC will be key for LTC to move. Got a question for FTC EXPERTS: Is there any foreseeable plans to incorporate Segwit, it will be the only way FTC can pair with others . That would be the catalyst we need

looarn

What is the need for SegWit ?

Let LTC and BTC test it real for us, and let’s wait to have full blocks first, then maybe we can think about scale FTC.

In my opinion scale FTC is not the main purpose atm.

bsotnikow

Now with a stable BCH out there. FTC can be fine never implementing segwit and stay relevant with Bitcoin upgrades…Anything they do on BTC, they’ll figure out eventually on BCH (and FTC).

looarn

@bsotnikow said in How is it possible?:

Now with a stable BCH out there. FTC can be fine never implementing segwit and stay relevant with Bitcoin upgrades…Anything they do on BTC, they’ll figure out eventually on BCH (and FTC).

My purpose was more, what is the use of scaling FTC in the current state of it’s development ?
And actually I’m not a fan of SegWit, the fact that you separate Signature from the transaction, this kind of “separate chain”, we already have SPV client for light wallet so I don’t see the urge nor the goal. (Some will say Maleability fix)

There is so many other ways to scale. I hope Feathercoin comunity gonna be wiser than Bitcoin one. :)

So don’t panic, just grab a towel. ;)