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Topic: 2 million coins in under 6.5Hours? 27.5% of current total? Should I trust this - page 2. (Read 1838 times)

full member
Activity: 182
Merit: 100
Feathercoins are worth 10 cents. There's your answer.
full member
Activity: 238
Merit: 100
I have been seeing a lot of chatter on all these alt coins recently and was debating a little about FTC.  I try to research things a bit, since these new alt coins are so young.  This, however led me to a concerning find.  Maybe I'm not looking at it right, but;

-why were so many coins were minted so fast?
-How could 27.5% of the total Current coins have been mined in that short of time?


Charts I looked at:
http://explorer.feathercoin.com/block/fdbe99b90c90bae7505796461471d89ae8388ab953997aa06a355bbda8d915cb    (Block 1)

http://explorer.feathercoin.com/block/3b71031bf2a6ef99ec98c57093b9899bef4c19c9c42214884c47d1e468ccc1df  (Block 10,000 @ just under 6.5hrs 2,000,000 coins)

http://www.feathercoin.com/netstats/ (total current coins)


Since I've seen FTC compared to LTC some I checked there also to get an idea how It's release went (since it's about 2 yrs old now)

First Block was mined a bit less than 24hrs after announcement on the forum here https://bitcointalksearch.org/topic/ann-litecoin-a-lite-version-of-bitcoin-launched-47417   (side note didn't realize IXcoin and Stablecoin were released before)

http://ltc.block-explorer.com/block/80ca095ed10b02e53d769eb6eaf92cd04e9e0759e5be4a8477b42911ba49c78f  (Block 1)

http://ltc.block-explorer.com/block/119eedf4d39ee6823e83b9be6828cc207d66e1506e196ddaff349acf3343bb8b (Block 40,000 @ 50 days 2,000,000 coins)


LTC 50 days to reach 2,000,000 coins (18,489,000 current total coins)
FTC 6.5 hours to reach 2,000,000 coins (7,272,200 current total coins)

Should I stay away from it as these figures worry me some?
Any help / thoughts would be great and TY
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