Bitcoins fall will be the death of Altcoins
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Unfortunately all Altcoins are tied to the Bitcoin exchange rate. Therefore if Bitcoin goes down, Altcoins go down. Or to be more specific: Feathercoin goes down.
Litecoin on the other hand has been pretty stable the last couple of days, with LTC/USD always around 2.7.
Conclusion: We have to convince major exchanges to do direct FTC/USD trades and show direct FTC/USD exchange rates.
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http://forum.feathercoin.com/index.php?topic=2461.0
Already working on it… ;)
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Progress is already being made.
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Awesome guys!
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btc down, FTC is up!
So wheres the problem? -
So much for the Winklevoss’ investment and starting a Bitcoin trust… it’ll just make BTC look bad in front of everyone now that its price is plummeting ;)
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Bitcoin is entering the next phase of its life where is will mostly just be transaction based rather than miner based and run 100% by ASICs. It is a smart thing to decouple alt coins from it though. Let them free float in the economy instead of being linked to BTC.
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btw, BTC is no Alt=alternative coin;-)
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[quote name=“Markus11” post=“19570” timestamp=“1372878929”]
btw, BTC is no Alt=alternative coin;-)
[/quote]Not yet, but give us a few years. :)