I think it is a bubble. When FeatherCoin price increases, someone will create another coin to compete it. Because FeatherCoin is cheaply created, it can be defeated/disappeared cheaply.
I suggest that you can create your own coin in the way someone use to create FeatherCoin
1. Take LiteCoin source code
2. Replace LiteCoin string with your own "MyCoin" string
3. Compile and make a binary (you need to learn how to use make)
4. Post a message to this forum as follows (FeatherCoin announcement as a template, not so correct but it gives you an idea):
MyCoin - New Litecoin based coin - Much better FeatherCoin
Information
MyCoin is a fork of Litecoin using its latest build. I am a supporter of Litecoin and will be following Litecoin’s patches and releases. The Litecoin team is currently working on a newer release and this project will move with them.
One of Litecoin’s biggest advantages is the Scrypt-based hashing algorithm. This offers a different solution to Bitcoin, while still being able to run on GPUs. There are many Bitcoin forks using the original hashing algorithm, but with the advent of ASIC mining hardware, we are starting to see how much trouble they can cause. ASIC mining hardware is expensive, but outperforms GPU hardware and will eventually make GPU Bitcoin mining redundant. Scrypt based crypto currency is safe guarded from the effects of ASIC mining.
MyCoin has a block reward of 800 coins and will have a total of 1554 million coins. This makes it 4 times that of FeatherCoin, this is the same position that FeatherCoin was set against LiteCoin.
Default port is 9337 – Forwarding this port can help if you have connection problems
Default RPC port is 9338 - This is the port is point your miners towards if solo mining
Block target is 1.25 minutes
Difficulty changes every 4032 blocks
Block reward halves every 1680,000 blocks
As you may see, MyCoin can be created as cheap as FeatherCoin. No brainstorming, no critical thinking, no creativity, just manual labour. You can become a millionaire one day because you can type faster than some others in this forum.
