Re: [ANN] Futurecoin|Groestl-Skein-SHA256|Crypto Vesting|Launch Thread|REQUIRED CLIENT UPDATE!

kFC feature exists Huh

how ?

Devs use this kilo thing - kFC: 1 kFC = 1000 FC

When an exchange adds Futurecoin it's traded in kFC. So if 1 kFC is sold for 1 satoshi it means 1 FC is sold for 1/1000 satoshi.

Usually price can't be lower then 1 satoshi per coin, it's the minimum price for any cryptocurrency. Never before Futurecoin something was sold for lower than 1 satoshi. But Futurecoin with its kFC feature was selling for 1/10 satoshi per coin.

While true that a minimum coin price is one satoshi on a BTC exchange, the truism is meaningless. You have to have people wanting to buy at that price. What good is a "value" of 1 sat if nobody is willing to buy? I have seen coins go to one sat and shortly thereafter the buy order book dries up. GPUC and HEX are examples that come to mind. After that, they are only able to trade on other markets such as LTC, or get delisted entirely.

So, there is really no such thing as a 1 sat minimum price.

Also, I think that there is at least one exchange that trades in mBTC.

I haven't seen a single exchange like that.

Futurecoin was going pretty good, it was popular enough to be traded at least at 5-10 satoshi. I think most people was confused with kFC. I myself thought that those offers at 50-100 sat was for FC. I think lot of people who set those offers also thought it's for FC, not kFC. That was the problem why it wasn't ever traded.

kFC has always been the symbol as FC was already taken by fuguecoin (I must admit I never understood that kiloFC thing developed by dev ). However I never made that confusion between kFC (as symbol) and kFC (as 1000 FC), and actually that was pretty clear on the exchange people were buying or selling something called kFC and that's it.
I stop selling mine, when I found the price outrageously low...

I was sure it sold in FC, as well as many others. Then I tried to sell some coins and understood I was wrong.

It doesn't matter what symbol to choose. It's important to get rid of "kilo'. I'm not sure if Futurecoin might recover after such failure but my proposal would be a good start.