Topic: Why is everyone loving Feathercoin so much? - page 3. (Read 12469 times)

bitcoin would be useless

It is only a "clone" for now, but I think the developers will slowly introduce improvements so it is less like a clone.


Also, don't all the major web browsers basically do the same thing? What if there was only internet explorer (bitcoin) and google chrome (litecoin)?

We dont need a Litecoin clone, because Litecoin is already orders of magnitude more secure than Bitcoin from an attack.

http://www.reddit.com/r/litecoin/comments/1cssqr/the_math_why_litecoin_is_more_secure_than_bitcoin/

Its fairly simple math, try running the numbers yourself.

The 3rd big coin behind BTC and LTC wont be some clone - it will be a brand new alt with a lot of fresh ideas. It was proposed by forum member Tacotime and they are currently finishing up the ideas and implementations for the whitepaper and getting ready to start development. Its going to be big. Very big. It also wont be a premined scamcoin like Feathercoin. It will be legit, with an announced, timed release so everyone begins mining at once.

Until then, its BTC and LTC only for me, I can do without some quick alt-coin pump-n-dumps. Just dont want to get caught holding the bag.

http://en.wikipedia.org/wiki/Bagholder

That is maybe because the search engine is sensitive to spelling. Mucking up the spelling as much as you did it is maybe not surprising you have not been able to find them.

Fairbrix no longer seems to compile, I am not even sure offhand who made it, someone objected to the Tenebrix plan of making a massive coin-mixer that would need a huge amount of pre-mined coins in order to operate effectively, so quickly hacked out Fairbrix, which they claimed was more fair. (I guess not enabling coin-mixing is more fair than enabling it if the coin mixer is going to need a lot of pre-mined coins to get it off the ground.)

Tenebrix is still running, still low enough in difficulty for CPUs, so for a long long time now has been one of the few sanctuaries for newbies who want to mine but do not have GPUs. If you have a GPU maybe it is good that you have not heard of it, as not everyone who has a GPU is likely to turn out to be as polite as the chap who started mining Tenebrix with a GPU the other day then heard about how it was such a nice sanctuary for CPU miners and stopped using his GPU on it.

(In fact I think today or yesterday or some fairly recent time someone did turn a GPU on it, so maybe the days of it being a sanctuary for CPU miners are coming to an end any day now...)

-MarkM-

Can you change your sig to be "FTC".

Hm, well, I suppose that is possible. Maybe I'll keep a few FTC and see what happens to it. Still selling most of it, though.

Think end of 2011

Feathercoin is a fork of Litecoin. So it should only pull in Litecoin code, of course. When Litecoin pulls in newer Bitcoin code, it should then propagate to Feathercoin.

Again I thing you should be asking the Developers of these coins? Tenbricks and Fairbricks? Never heard of any of them?

Perhaps. Which is why I said, what's wrong with Mincoin? Maybe FTC will become Litecoin's TRC, but I don't get why Mincoin didn't have this rush of early adoption.

Feathercoin introduces more entropy into the cryptocurrency world, but it does so in a conservative way. So it has long term potential. It's really interesting. It's all up to the miners and investors now, and for the developers to not make any bad decisions or mistakes. If the developers don't make mistakes that betray people's trust, I think Feathercoin could survive.

Hmm. Litecoin is THE altcoin because Tenebrix *fixed* something in BTC, namely the ASIC problem, then Fairbrix *fixed* something in Tenebrix, namely the "pre-mine", then Litecoin copied Fairbrix, updating it to newer bitcoin code?

If just copying it and while you're at it using more-recent bitcoin code is the big deal then someone should copy litecoin but use newer bitcoin code.

Hmm, Feathercoin didn't even use newer bitcoin code did it? Just copy and rename?

So judging by Feathercoin's success, the real secret of Litecoin's success is simply copying a predecessor and changing its name.

If *fixing* the ASIC problem was the magic bullet, Tenebrix or Fairbrix (or both) should be the ones getting the accolades.

-MarkM-

Litecoin is THE altcoin because it *fixed* something in BTC, namely, the ASIC problem. Making almost no changes to a coin just means you have a carbon copy of it.

This is the first I have heard about it? Also I searched for Mintcoin and then realised you had typed Mincoin...Easy mistake I suppose.  
But still this is a very good point that should be answered.
Maybe ask the Developers of Mincoin?

Anything is possible. I think a fork (LTC -> FTC) of a fork (BTC -> LTC) was already a hard thing for people to accept, and BTC is hard enough to accept. So if FTC is not conservative about their design decisions, it is just too much for people to handle. Too much unpredictability. That's why I like how it is nearly the same as LTC.

So, because it's closer to being a clone of Litecoin, and has better web designers, it's better than Mincoin? Oh, and it has a cooler name. Really? That's all you've got? It also has a really cool logo, you forgot to mention that. Maybe in your eyes, that's evidence for it being a solid long term coin, too.

Mincoin was messed up from the start. Insanely high rewards for the first three days. then constant LOW rewards afterwards.

In many subtle ways, Mincoin is not as "professional" as Feathercoin, I think. So it was harder for people to adopt it.

But having only one solid, professional Scrypt-based coin is too much risk.

They haven't made brash decisions to ensure its failure. Because of the uncertainty, it has long term viability. Conservative design changes are the way to go. These are just my opinions obviously.