Why is everyone loving Feathercoin so much?

[nodesupply]

I've read a lot of different posts about the popularity of Feathercoin and I'm wondering where it has come from.

What is causes value for these coins to go up so rapidly?  For Litecoin it offers another alternative to Bitcoin because is hashing algorithm is different, to name just one benefit.

Does anybody feel this block chain is a bad idea? A get rich quick scheme? It seems like the market is just fascinated by *coins at the moment so a lot of miners are dumping their CPU's and GPU's into Feathercoin in an attempt to cash in on it's initial introduction to various exchanges.

I'd like to hear your thoughts on why you support or do not support FC, and if you own any or plan on owning any in the near future.

[imperi]

I think it's because there is a strong desire for 2 different currencies that use Scrypt as the hashing algorithm.

[penetration]

I think it's because there is a strong desire for 2 different currencies that use Scrypt as the hashing algorithm.

This fused with the strong desire to be an early adopter.

[Yurizhai]

Feathercoin isn't a bad name. And it uses scrypt. It's early and you can still hop aboard.  That's about it.

[CoinHoarder]

1. Everyone wants to be an early adopter Feathercoin Billionaire.
2. FC price is overvalued right now so mining it is like 300% more profitable than Bitcoin mining, so all the miners are here trying to spark interest and demand amongst buyers.
3. Another scrypt coin I guess
4. Most FC supporters are new to the forums, and I think they see this as their get rich quick scheme.

*hides under his desk awaiting the barrage of Tomatos from FCers*

[nodesupply]

It offers no advantage over Litecoin. I see a lot of the same rhetoric from FC adopters - it's the 3rd crypto coin. Can't I say this about BBQcoin, PPcoin, NVC, or any other Coin that's actually traded?

[TheJuice]

It offers no advantage over Litecoin. I see a lot of the same rhetoric from FC adopters - it's the 3rd crypto coin. Can't I say this about BBQcoin, PPcoin, NVC, or any other Coin that's actually traded?

There's been a strong push by the authors to get FTC accepted for goods/services. Very few alt coins can say that. But yeah, difficulty is about to double yet again. It's still not clear to me why any alt coin has value to be honest.

[CoinHoarder]

There's been a strong push by the authors to get FTC accepted for goods/services. Very few alt coins can say that. But yeah, difficulty is about to double yet again. It's still not clear to me why any alt coin has value to be honest.

Difficulty is only going up because it is overvalued and extremely profitable to mine.

If value crashes, so will the network speed. The same could be said for any other ALT currency though really (except for maybe LTC).

[destruct]

I wouldn't really say LTC is an "alt currency"

It's like saying $5 bill is alt currency to the $10 bill.

[Noitev]

I wouldn't really say LTC is an "alt currency"

It's like saying $5 bill is alt currency to the $10 bill.

That's totally silly logic here.

Id consider 5 ltc is the 10 ltc equivalent of a 5 dollar bill, why on earth would you use a different currency to float the 2??

[simonk83]

 A get rich quick scheme?

That's what all the altcoins are (and I don't particularly have anything against them, I just choose to ignore them for the most part).   It's just people wanting to make easy money though, make no mistake about it.

[master-P]

When the difficulty goes high and profit drops, a lot of miners will leave and not many blocks will be mined until the next difficulty re-target. Same thing happened to Bytecoin I think, except it won't be as bad with feathercoin because of the lack of ASICs I guess.

[anderl]

 A get rich quick scheme?

That's what all the altcoins are (and I don't particularly have anything against them, I just choose to ignore them for the most part).   It's just people wanting to make easy money though, make no mistake about it.

How about the EUR is the alt to the USD.  But that too will probably not get past your predisposition.

[Yurizhai]

 A get rich quick scheme?

That's what all the altcoins are (and I don't particularly have anything against them, I just choose to ignore them for the most part).   It's just people wanting to make easy money though, make no mistake about it.

How about the EUR is the alt to the USD.  But that too will probably not get past your predisposition.

How can you even remotely compare those two things?

[Noitev]

When the difficulty goes high and profit drops, a lot of miners will leave and not many blocks will be mined until the next difficulty re-target. Same thing happened to Bytecoin I think, except it won't be as bad with feathercoin because of the lack of ASICs I guess.

idk, seems REALLY similar to tenebrix/fairbrix

[Peleus]

It's ironic that so many of these arguments could be stated in exactly the same way in BTC vs LTC (The alt coin golden child) as LTC vs FTC.

[simonk83]

 A get rich quick scheme?

That's what all the altcoins are (and I don't particularly have anything against them, I just choose to ignore them for the most part).   It's just people wanting to make easy money though, make no mistake about it.

How about the EUR is the alt to the USD.  But that too will probably not get past your predisposition.

Seriously?

[Noitev]

It's ironic that so many of these arguments could be stated in exactly the same way in BTC vs LTC (The alt coin golden child) as LTC vs FTC.

Normally I'd agree, but at least LTC is different than btc, ftc is literally a near exact clone of ltc.

Bitcoin vs litecoin

bitcoin makes 50 (now 25) coins per block (same for both)
block every 10 minutes vs 2.5 minutes
based on sha256 vs scrypt

litecoin vs feathercoin

litecoin makes 50 per block vs 200 per block for feathercoin


considering all these coins are divisible to really small amounts, multiplying the reward by 4 does basically nothing.
I admit litecoin is a ripoff of bitcoin, all altcoins are, I honestly prefer btc just because it's the original, has very strong security and integration. I kinda like litecoin just cause it brought something new to the table. it's nice having trx confirm so quick and scrypt is nice, its peanut butter and jelly. feathercoin just has nothing to bring to the table and if I decided to say "I'll make a coin that makes 1000 coins per block!" and promised everyone I'd work super hard to get people to use it, it'd literally be no different.

[digicoin]

FeatherCoin is a bubble. Some guys are too late to the BTC game. They need to invent something which is useless at all the time to play with.

BTC and LTC may gain market adoption but I don't think Feather will make it because merchant will quickly recognize that FeatherCoin is created to support a small group interest, not the market. FeatherCoin brings no value compared to BTC or LTC (read FeatherCoin announcement, you will find it a joke)

If you are smart, you will not trade your BTC or LTC for FeatherCoin. FeatherCoin is trap. All FeatherCoin miner will try their best to trade FeatherCoin for LTC and BTC. They will not keep FeatherCoin, but LTC and BTC. It looks like a scam.

[RetardedMonkey]

Why do I love it?

I'm getting 0.35BTC per day because of its bubble.

Profit is profit, after all.