CHNcoin will have more total coins than feathercoin, 462 million compared to 380 million, and its "blazing fast confirmations" are even more "blazing fast" with block targets of 1 minute! At the moment a block is being found approximately every 2-3 seconds. How's that for "blazing fast"?
It's also getting attention faster than Feathercoin did at launch. It's only been 7 hours since the launch and the forum is already filled up with threads about CHN. I predict it'll be on an exchange within a week.
Basically it makes Feathercoin completely redundant. For early adoption go to CHNcoin, for stability go to Litecoin. And with the upcoming difficulty increase things are only going to get worse for Feathercoin. What does Feathercoin still offer?
Ultimately I hope that new useless coins like these come so quickly that no one has enough time to amass large quantities of coins before the next one comes along. It'll remove the incentive to do it and then people can get back to actually innovating.
You make me laugh if you honestly think CNCoin will be used for transactions other than exchange rate gambling. 1 min blocks, that should make for an interesting block chain length in a years time or so if it lasts that long. Why stop there, lets have a 1sec block target.
But I don't understand why it was created at all, let alone why people are spending effort moving it forward. Since it is a direct copy of Litecoin you can only move it 'forward' at the expense of Litecoin. Why not spend that effort promoting Litecoin if you're so concerned about the crypto community? Or is it only the Feathercoin community you're concerned about?
It's just another pump and dump, many here will fall for it.
