Read the FAQ
*scratches head*
This is almost exactly litecoin... why in gods name are you doing this?
Uh, well I didn't make it (terracoin). I'm taking it as learning experience. I don't think it's going to put Litecoin out of business if that's what you're asking. So far this is just a 'mini-bitcoin'.
I'm a novice programmer, and I learned quite a bit putting this together itself from Git. What I learn here I will apply to Litecoin and Bitcoin.
that's cool. I'm just trying to understand why people keep making coins that don't introduce anything new (like ppcoin does, for example).
The Terracoin Foundation has taken over TRC here: https://bitcointalksearch.org/topic/ann-terracoin-trc-est-2012-1364146