It seems to be that most of the negative commentary made about Feathercoin are not only selfish but very self-serving individuals. They start off with the usual, it's a scam coin, it was pre-mined, it was 51% attacked, but when you really press them on these points the truth comes to light. It becomes, "you're hurting the value of my BTC/LTC." In many cases I think they're just repeating what they've seen without actual knowing what their talking about or that makes any sense.

In the other hand you have individuals in the community, you would hope would be open to other individuals starting their own coin as they did. Instead they rather add fuel to the fire, predict the death of the coin in short order, and then have the audacity to act like they are offering constructive criticism. If you think so poorly of Feathercoin why would you care how they manage their code? Litecoin of course has its own innovations, but by no means was an original idea. Bitcoin was there first. That alone gives no credibility to those involved with those coins the right to really point at Feathercoin as a "copy cat coin" in a duragatory manner, as instead perhaps a description of its origins.

Concerning the 51% attacks against Feathercoin- I doubt know we'll truly know the motivations of the individuals who did it. Were they in it to profit, or was it more just to embarrass alt coins in general to give more credibility to their coin? Both? I somewhat suspect the latter.

Given the right set of circumstances conceivably any of the coins can be attacked in this manner. Obviously this isn't as plausible in some cases, but it's already been proven that someone can inject some rogue code to make people machines mine for them (as was done by the a former ESEA employee). It's not completely impossible that someone could take control of a large enough group of machines (as they do for DDOS attacks) and turn them into weapons against a crypto-currency, or worse get control enough pools (perhaps MITM or like attacks?). Does this mean we should just abandon the coin because some jerk has nothing better to do? This is why it's such an asinine reason people give for why Feathercoin isn't a good coin. We obviously didn't ask to be attacked, and to a greater extent it was out of the developers' control. Everyone should be working together to help find way around these problems if possible.

The exchanges and many of the Bitcoin and altcoin sites are frequently DDOS'd. These crypto-currencies have no political agenda that I can determine that they are going after. There unfortunately are individuals that have nothing better to do than to make things difficult for others. Especially in the case of site operators who have to shell out additional money in effort to stave off these attacks. There's even that fool posting about how there's intention to 51% attack Litecoin as well. I somewhat doubt his/their ability anytime soon but I digress.

Was the release of Feathercoin perfect? Perhaps not. Does this make it a scam coin? No. Does it make it a pre-mine because people didn't read a post before someone else? This is yet another assertion that is utterly asinine. In all honesty I didn't start mining Feathercoin until 2 months after it was out. Just because there were many many many coins mined before me doesn't phase me. It doesn't mean that I can't benefit from it, and I was attracted to Feathercoin as it's still relatively new and I might be able to contribute to the growth of it.

Again the pre-mine statement is a selfish one. Do you stop and spit on every rich person you meet because they have more than you? Are you really that bad of a human being that you don't have the same or more amount of wealth than the next person you're angry because you have to work a little harder or longer? I'm sorry but you must live an awfully sorry existence.

@mr_random

Your graphs give such a limited view of the entire picture. You're only showing that coins were mined. Not how they were mined, the difficulty, the hashrates, adoption, the type of hardware that was used. Originally Litecoin could only be mined with CPUs right? Whereas GPU mining was in full effect once Feathercoin came about.

I don't think anyone is really disputing that the Feathercoin launch wasn't absolutely perfect, but just because you didn't hear the first dinner bell, and wasn't the first to belly up to the table doesn't make it a bad thing. There wasn't anything intentionally malicious done, and if you don't like the meal that's on the table, you don't have to eat it.

This says that certain miners had an advantage.

Not like we haven't ever had that happen. Right now anyone with an ASIC has an advantage.

Anyone who mined LTC in the first 24 hours like I did had an advantage.

The people who mined likely have already cashed out most of their coins.

Me being a non-miner I have bought some FTC, but does that make me a scammer? No.

I see the point being made. But remember when LTC launched there was no army of scrypt GPU miners as there is now.

Let's keep things in perspective.

My simple solution if you dont like feathercoin. Don't use it.

Very simple.

Get FTC -> USD exchange and it will skyrocket

Try again with block count per GPUs already available.

It took litecoin 6 weeks to get 40K blocks. It took feathercoin 6 hours to get 20K blocks.

How long til 40K? we don't know, but I'm willing to bet the last 20K blocks took longer than the first.

Now how many GPUs were available, by comparison. In fact, let's try an experiment:

Who mined Feathercoin? People who saw the announcement. Announcement where? BITCOINTALK, altcoin area.

So we have two groups who would have been interested: Altcoin folks who are active posters. Bitcoin folks who stalk the forums.

Altcoin folks who are active posters got rewarded for their activeness. Deal. With. It.
Bitcoin folks who mined and sold have in doing so forfeited any basis for complaint.

Also, let's ask another question:

How fast did FTC get distributed widely after mining? Remember, the hatetrolls mined and dumped, so again they have no claim because:
1) they mined it out of spite and are in fact the ones complaining
2) they dumped it out of spite and are whining that it didn't die
3) their dumping caused the coin to be FAR more distributed in much less time.
4) egg on face, shoe on head put

Ok so Digital Coin can do a handstand in a shark's mouth. Wow. Really? Perfection is all you have to offer? How about adaptability? How about:

Which coin invited people to CONTRIBUTE?
Which coin has the largest contributor community, not poster count?
Which coin invites people to understand the technology, not just the wallet software?
Which coin is opening their doors to other coins, while the rest bitch and moan?

Which coin allows the largest number of people to influence its future in all areas of development?

Do not troll a troll.

Considering what went down in the first seven hours and the fact there was no pre announcement, what of active members of the alt coin community who were asleep or at work/school? Did they not deserve to take part?

I only got into cryptos the past October... I changed from mining BTC to LTC a day or two before the huge jump in increase. At the time I was mining BTC and changed to LTC, I was only using a 5870 and actually decided to take mining seriously at this point, so I went in made orders to finish machine and make a second (total of 5 cards) after I decided to change course to mine LTC. My luck, LTC went up in price and continued to go up while I waited for my items. I didn't follow the crowd to LTC, I was one of the first and wasn't part of Bitcointalk yet so I had no clue about the different coins or any "hype" that might've been going on. I thought I was one of the few to mine something different and invest in that, but that failed. By the time I got my cards the difficulty jumped several times over and made it much less profitable.

I was awake, I was active, did I make the profit I should've gotten from LTC? No, because timing made everyone jump to it while I was still waiting for my cards, not to mention I only got to mine it at a lower diff for a day or two. So is that fair?  Nope, I was upset about it but I sucked it up and sure as hell didn't go around complaining about it. So all you haters can suck it up too, life's a bitch, it's a fact. It's still minable, it's still going somewhere, take advantage of that and stop whining.

FeatherCoin is getting it done! They were at a major Financial Tech conference today. I talked to chrisj (the representative who attended), and he says we caught the attention of some deep pockets (pockets that can buy up a third world country or two). Haters will hate...ignorance will breed ignorance...but those doing real work and creating something of value will have the last laugh.