Topic: FeatherCoin - Any weight behind it? (Read 1551 times)
I believe that Litecoin has more legs than FeatherCoin
@binaryFate Well said
It is obvious why there are so many ALT. And it's of no help to be rational about their improvement over BTC or LTC to understand why.
First a guy launch something, which basically is:
- download BTC or LTC
- sed 's/litecoin/feathercoin/g' *.cpp *.h
- change the number "50" into "200" in a file.
- release it
Then, people are greedy and know that at the beginning they can mine a lot easily, so they do, it's almost free to try, in the worst case you waste few days of mining that could have been spent on something else, but that's ok. Then they hold coins, so they want them to gain values, so they will promote this new coin. Then it actually starts being traded, and more people jump in (after all, after few days you can still consider yourself a lucky early adopter), which makes more promotion, etc.
It's just reinforcement, fueled by greed.
If you just step back and look at this whole ALT popping, it is just absolute non-sense.
First a guy launch something, which basically is:
- download BTC or LTC
- sed 's/litecoin/feathercoin/g' *.cpp *.h
- change the number "50" into "200" in a file.
- release it
Then, people are greedy and know that at the beginning they can mine a lot easily, so they do, it's almost free to try, in the worst case you waste few days of mining that could have been spent on something else, but that's ok. Then they hold coins, so they want them to gain values, so they will promote this new coin. Then it actually starts being traded, and more people jump in (after all, after few days you can still consider yourself a lucky early adopter), which makes more promotion, etc.
It's just reinforcement, fueled by greed.
If you just step back and look at this whole ALT popping, it is just absolute non-sense.
To another post, I dont understand why there are so many other alt coins either, other than the fact that BitCoin gained so much value and now everyone with a computer wants to cash in on the idea... but how the others are getting value? I dont know... We will see, its all just begining now...
I think that FeatherCoin has no value. Cloning LiteCoin source code and changing some parameter or method names makes no sense because it makes no innovation and solve no practical issue
There was no premine: I mined block 200 something. On the contrary, you could say that the launch was not completely fair, because the source was not released a couple of days before the actual launch.
How much of this was premined? seems like alot of coin out there for something so new
I dont understand why there are so many different ALT coins.
Me neither...there seem to be too much ALT coins but not enough difference beween them, especially in terms of advantages over BTC ??
don't think there is anything worthwhile in feather coin right now
BTC may pave the way, but there is no guarantee it will be *the* crypto currency in 10 years time. There may be a variety of them for different functions.
Seems like hedging bets against LTC and BTC is popular but, dang, odds are 98% of the alt-coins are going to just take a dump (or live on in obscurity). Heck, even BTC is still on the fringe by most standards.
Ooops
I need to improve my googling
I dont understand why there are so many different ALT coins.
I would look at FeatherCoin more like a very long term investment. Bitcoin still has a very long road ahead before it becomes a standard currency and Litecoin is the go-to alt BTC right now. FeatherCoin gains weight if one of those two goes under.
Right now it doesn't even have a website...
http://feathercoin.com/
Right now it doesn't even have a website...
I mined around 1000 coins the day or so it was out with my lil single 6950. Now im getting like 20 coins a day. So id say its taken off pretty good. I hope to see more and more people get involved with the marketing of feathercoin, without that it wont go much further. there has to be a use for it.
I'm mining it too.
I feel like a sheep.I just don't know that I believe in it the same as everyone else for the moment. But since it's the beginning maybe I'll mine short while then just forget i ever mined them. If it ever goes anywhere, hoorah.
I mined around 1000 coins the day or so it was out with my lil single 6950. Now im getting like 20 coins a day. So id say its taken off pretty good. I hope to see more and more people get involved with the marketing of feathercoin, without that it wont go much further. there has to be a use for it.
Haha. Just out of curiousity, if you're willing to share. How much did you mine at the start?
I found 12 blocks just in the first hour. It got rapidly slower though. The amount of orphaned blocks was huge (>99%). I regret that I didn't go on for a lot longer.I could totally see that. Difficulty of like less than 1.. like .02
Almost every share would find a block !
I'm curious how long it took for the first difficulty change.. I'm too lazy to check blockhistory/timestamps though.
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