Cryptocurrency statistics
4 stars based on
66 reviews
Oh, where do I begin… Feathercoin, the original litecoin copycat that sparked the great altcoin flood of Actually, describing it as a copycat is giving it too much credit.
Feathercoin is actually a fork of litecoin. You see, the developer, bushstar, displayed absolute bare minimum competence when creating this coin. One of the most basic steps of creating an altcoin is to create a new genesis block. This is the block that the entire blockchain will build off of, and is one of the key differentiators between coins. Instead of admitting defeat and that he had no business launching a feathercoin or litecoin, he did the next best thing he could think of: Additionally, the coin was launched with bare minimum difficulty, so it was instamined to an extreme degree, as shown below.
Those who participated in the instamining will from here on out be referred to as the insiders. The level of incompetence involved in this whole scenario should have precluded anyone from taking feathercoin seriously.
For what bushstar lacked in coding ability, he made up for in his marketing ability. Feathercoin was marketed very similar to how litecoin was. This strategy worked quite well, and feathercoin captured significant market share.
Sitting at a market cap of about 16k BTC, it is easily the most overvalued coin out there right now, feathercoin or litecoin not something I would ever invest a bitcent into. It is likely that some shady backroom deals were involved, as BTC-e has a history of accepting bribes. Several months ago, some emails were leaked detailing the possible addition of americancoin to BTC-e.
The terms involved a large USD bribe, as well as a hefty amount of americancoins. The deal obviously fell through, but it is demonstrative of what one must do to have their coin added. Amazingly, 5 months later, FTC is still around. From the beginning, this coin has lazily copied from others, and has done nothing innovative.
That trend continues to this day. This feature was originally part of PPCoin, and yet, no credit is given. One must dig around on github to see that Sunny King PPcoin dev authored the commit. Feathercoin is a parasite. It brings nothing new to the table. But I tip my hat to you, bushstar. Despite your woeful incompetence, you managed to hack together a coin and feathercoin or litecoin the community for a feathercoin or litecoin sum of money. Coblee Litecoin dev has reached to me to share his experience with feathercoin.
The Information on this website is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for feathercoin or litecoin particular purpose. The Information contained in or provided from or through this website is not intended to be and does not constitute financial advice, investment feathercoin or litecoin, trading advice or any other advice.
Read the full disclaimer here. All that FTC needs to be liquidated before the coin has feathercoin or litecoin chance of growth. Sunny has several contributions to Feathercoin and all are well documented on the forum. Having Sunny contribute to FTC is good, not bad. Feathercoin or litecoin luck on your quest feathercoin or litecoin drive the feathercoin or litecoin down so you can buy lower despite what your reply will say. Fixed, just for you. In that sense, SK is both an asset and a liability.
The price of FTC will continue to go down, and I want nothing to do with it. Can anyone honestly imagine paying for something with feathercoins? If you want to be taken seriously, start doing the legwork and have some semblance of feathercoin or litecoin.
My point is that in the release post for ACP, both on bitcointalk and the feathercoin forums, there is no mention of Sunny King anywhere. Do you think the newbies are going to dig through github to see who authored it? That is my issue with this scenario. There is a very clear reason that the only mention of him is buried in the source code. SK was also behind the fork that updated the difficulty algorithm… No mention of him there either. Very clear agenda here: And if I was publishing FUD, then I must be doing something wrong by publishing feathercoin or litecoin that are contrary to what I write.
The name feathercoin or litecoin perhaps the most important part of a coin. It determines how well it will resonate with new potential investors. Feathercoin is a flimsy name and does not elicit any sort of value.
You online name is Hazard and, your are giving advice about names……… Your retort will be that my name is wesphily……. The term Feather I assumed was refering to the lighter class as used in boxing featherweight and super feather weight class. Its a shame you think the whole coin is a sham but it feathercoin or litecoin seem your opinion is not shared by everyone as there is quite feathercoin or litecoin large feathercoin or litecoin growing around this quite young coin.
I would love to see or feathercoin or litecoin some evidence to back your claims regarding bribery and btc-e. Its great to show u can jump to conclusions but your comments about marketing are true bushstar and others are very good at promoting the coin I would assume this was the real reason feathercoin was adopted.
Just replace Litecoin for Feathercoin. That was my experience when I first tried alt coin mining. Interesting readthanks. I feathercoin or litecoin not aware of the exact level of crap that is envoloved with FTC.
Lets see if todays altcoin dump will be the final straw for the coin. Good artical, but I cant agree with you in some point. Mostly as it is an early copy or fork — that few comprehendand long term, the copies of copies… and so on, will just be farther down the list. Maybe not valued in that order, but some of the first crypto-currencies have a good shot at holding some value. Compared to the thousands and thousands of clones that are coming. Also, anything that you can buy anything with, is farther along that stuff you can only trade with.
Thanks for the information, but I do think originality and success have little in common, historically, it is usually those that market others ideas better that win out. Cheating The System — Auroracoin Edition. Jack October 9, Hazard October 10, Bitcoin Megastore October 10, Tuck Fheman October 10, Hazard October 11, Potato Head October 15, James Clayton December 28,
