Just a thought for your consideration.
Can anyone see the fall of bitcoin coinciding with the rise of both Litecoin and Feathercoin? Litecoin will need a bronze to it's silver by its side especially if the bitcoin split occurs.
Anyways I'm fairly new to the scene and I'm a buy+holder. I've been looking for a bronze to bitcoin and litecoin for a while now and looks like I've found it. In your own terms can you guys summarise the pros and cons of feathercoin and put forward the reasons for why you invested?
For me, I didn't like the branding of Feathercoin because it sounds like a shitcoin. Especially to those scrolling through the 800+ coins out there. But it's grown on me and I completely understand why it's called feathercoin. It suffers in the same way that litecoin did in terms of branding. New investors think nothing of litecoin because on surface it appears that its just a bitcoin clone. Of course when they dig deeper, that's when they realise litecoin is a good coin to hold.
The benefits I see with Feathercoin:
-Faster transaction times than both bitcoin and litecoin
-Limited coin supply capped at 336 million
-Good for the smaller scale miners whether CPU or GPU using the NeoScrypt algorithm
-In-wallet plugins for third party services including Coinnector, Shapeshift and Bitmessage, among others
-Advanced check pointing system ( ACP ) prevents malicious people from duping genuine users into double spending.
-One of the oldest altcoins and Still standing strong.
-Great community although more activity would be better
Current cons to the project:
-Not enough real world use case yet just like the majority of the altcoins
-It does not stand out too much amongst the other 800+ coins
-Little marketing and social media. Youtube is a huge medium for crypto at the moment but there is not much content on feathercoin.
-Not enough news or information about the project being discussed.
-On first glance, branding and name sounds trivial and newbies will dismiss this as a litecoin copy
Like I said I'm holding but that was my brief analysis. Would love to hear your thoughts
Its a great analysis man.
There are some great and friendly people working on it on a voluntary basis so hat's off to them.
But there seems to be some kind of lacking in larger picture goals and or promotion.
Which is too bad and could be easily fixed you just need 1 guy coordinating it.
Like there are online wallet platforms today people use but FTC is not compatible.
Maybe you have to pay for it?
But there is a donation adress and the community could help.
Just an example of cource and I am not gifted in any field really so there is not much i can do haha.
Still like I said big respect for the people helping today!
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