that's what Fedoracoin is for - although it's in a state of flux at the moment. TIPS
Yep, however this coin is specifically made (and aptly named) for tips, however much easier to obtain.
The reddit thread was removed, other than that, not much to see; not much to say...
The reddit thread mostly says what's here, however with a little bit more 'padding'. I'll look into why it was removed.
Cheap walletbuilders coin, also cpu minning?
Cpu minning is not profitable for scrypt coins since 2011 lol
I'm not quite sure what you mean with the first part. The source code we got wasn't from one of the mainstream coins, it was given to us as a starting base. It'll continue to be built upon, at least. We may push some updates to the wallet onto our website in the future, this was as a first release.
Point 2: I guess you could mine it other ways, however it wasn't made to be profitable at all, it was made to show appreciation
EDIT: Apparently the mods of the subreddit took it down. I'll look a bit further and perhaps into creating its own subreddit.