FeatherCoin - Any weight behind it?

[coalescent]

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.

[Idaho]

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.

[adpinbr]

don't think there is anything worthwhile in feather coin right now

[Aucates]

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 ??

[bitterdog]

How much of this was premined?  seems like alot of coin out there for something so new

[Dipnoi]

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.

[digicoin]

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

[Mr. White]

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...

[binaryFate]

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.

[digicoin]

@binaryFate  Well said

[philly_cop_41320]

I believe that Litecoin has more legs than FeatherCoin