mullick, he already knows everything and has nothing to say.
FUD is a normal LTC early-adopters behavior, they are trying to protect own investment, that's natural.
Typical of someone that speaks on behalf of FTC, you seem to have the incorrect perception that LTC and FTC are mutually exclusive. And that when someone says something bad about FTC, it must be because they support LTC and don't want competition. That's the stupidest thing around, and is stated usually out of a lack of a valid response to dismiss the issue brought up. While I understand FTC copied the code from LTC (like 90% of alts), I find it amusing that FTC supporters feel that LTC investors find it a threat.
As a decent sized miner, I hope FTC stays around for a very long time, as it steals hash rate from LTC. I also appreciate the link to the code on github, as I wasn't aware it was out there, but my overall feeling is that this is still a very, very bad move.
Feathercoin, as much as it has a close-knit community of supporters, which do work very well together, has a reputation issue outside of their world, and that is caused by numerous reasons:
- A lot of sloppy mistakes with copying the LTC code (leaving private key in?) - I'm not a coder, nor have the skills to create my own coin without more research (I can ctrl-C/ctrl-v with the best of them though), but I have read statements of those that have those skills, and trust their opinion on this. I think many updates LTC made have not been added to FTC yet either
- The trading community, and also the "marketing group" borders on the level of a used car dealership out of work salesforce. When you have your marketing pumping a coin when it is being attacked, and have orphaning miner blocks, and the coin nearly doubles in value with horrible things occurring, people lose trust in the coin. It was clear from reading the forums, that this wasn't being done by individual investors, but people with affiliation to the FTC team. Sure, we'll all trade it and make money as it's simple to read the pumps (and dumps). Obviously every coin gets pumped, but the manufactured "support" that is being directed by those in "official" positions does not earn trust by most. Telling the minions to go upvote any FTC article, and downvote the bad comments is lame.
- Centralization - The coin has not earned that trust as minor or major as the implementation might be. Like everything FTC does, they want to fast-track success, and take shortcuts. Sure, everyone wants their coin to be the best, but stop forcing it. You're trying to build an empire with cardboard cutouts of buildings. Most miners didn't ask for this solution and as I said, I lost a lot of blocks when FTC had the big attack a few months ago
- I won't even go into any rumor of instamine/premining, as I don't want to hear the defenders. Just let this die, we all know it happened, I'm willing to overlook this at this point in FTC's growth
Improve your reputation by getting the shadiness out of the coin. Stop trying to pit LTC vs FTC, as you'd find a lot more supporters willing to listen if you didn't act like the spoiled little brother that competes for attention with big brother. It was decided that you'd use the same "genes" to make the coin, and now supporters are trying to distance themselves from it in their aspirations to overtake LTC. It isn't going to happen. Frankly, I don't even know if LTC will succeed. Any form of officially supported centralization won't get you closer.
I wish the entire FTC team was behind a coin that was more unique in its offering, as with the right technology that brought a lot of new things to the table, people would flock to the coin, assuming the claims are truthful (please try and hold back marketing mode to try and tell me how unique FTC is).
It's good that this conversation is taking place here, because only mostly die hard supporters even venture to the FTC forums, so you're dealing with only people with vested interest, and very few non-biased opinions. This is a bad idea.. If you can't take the heat get out of the kitchen, and if the coin can't withstand scrutiny on the bitcointalk forums where the majority of people are, then maybe you should question your long term viability. Stop playing the victim as well. I'm easily won over by truth, I dislike any appearance of shadiness. I'm convinced the people behind this coin are brilliant (sadly, many of the pumpers/marketers are not), but I haven't been able to figure out yet if it's a Bernie Madoff brilliant, or a Richard Branson brilliant.
/rant off.