A newcomer to the market, Feathercoin has gained heavy traction since its launch around nine months ago, with many people mining and trading the new version of cryptocurrency.
And though it’s still a relative featherweight compared to Bitcoin, no doubt the founder, Peter Bushnell has done a good job of developing it.
Feathercoin, based on Litecoin, produces 16 times as many coins per block solved as Bitcoin, and will have around 336 million coins. It has a low level of difficulty for solving blocks compared to other cryptocurrencies, and the same security as Litecoin.
There’s a lot going on around Feathercoin. It has established its own nascent eBay-style marketplace. There’s a website, enabling people to trade coins directly with each other. A physical version of the coin is being developed, potentially with an NFC reader embedded in it, and another project is to put metadata in the block chain, to assist with the transmission of files.
However, some say it’s a poorly made copy of Litecoin. We’ve got a comment by one of the administrators at bitcoinexaminer.org, Ian Irving.
There have been many instances when it’s been subject to various attacks. A lot of people don’t think it’s very stable. Its key feathure is that it’s very fast.
Its founder, Peter Bushnell, says it’s transparency that differentiates Feathercoin. It is controlled from a house in the sleepy Oxfordshire suburb of Arncott, while its founder until May 2013 ran the IT department at Oxford University’s Brasenose College. He is sure that eventually Feathercoin would become something that’s fit for the mass, for consumers to use. They just have to believe that there is a lot of money in it.
Feathercoin Official Weekly Update #21
Everything Points Towards Success
Feathercoin Key Stats
307 days since genesis block creation
Approx. 33,700,000 Feathercoins created
Approx. 14 days behind target generation rate
Or is it every-one? Nothing is just everything without direction and greatness cannot be achieved until we learn to love what it is we do. Today we show the power of execution.
Coinfest Success
And we begin with the powerful @Motherlode1 and @Lizardman aka Norman and David respectively. These guys put in a lot of energy in to the Coinfest[/url] expo in Vancouver Canada last weekend. Feathercoin had a stall and was met by lots of supporters; people who said they loved Feathercoin but for one reason or another just hadn’t stopped to say ‘hi’ on the forum yet. Norman was kind enough to make note of their feedback so that we could continue to improve on the website.
One of the things I really admire about Norman is his ability to take responsibility and fix problems. He said he was going to do something and then he did it. If there was a hiccup, even if it was outside of his control, he apologised anyway and found a workaround. He kept his focus and remembered what was important. To make no mention of all the work he did in the background to imagine the opportunity ahead of him and turn it in to a reality.
For a while before the Livestream it looked like we wouldn’t be able to do it.
We spoke to Nathan and Corrina (seek 13:12) who told us they are building a project that sees the proceeds from mining go towards helping children who are at risk so that they can fund scholarship programs. This is so beautiful I just had to pick this out of the lineup. Checkout CryptØYouth‘s Facebook page and give them a Like or head over to their site http://crypt0youth.org. I will sort them out with some Feathercoins very soon using Michael Harrison’s Feathertipper[/url], which by the way was also a star of the show and was used to send tips to some of the people who left us their Twitter @ tags.
The event would not have been possible without the hard work from the guys at Coinfest. We are in talks about hosting one in the UK as well and we look forward to working with them again in the future.
You did! That’s right, you punched above your weight and redefined a more meaningful goal because the last one was way too easy apparently. Well that is according to @HopeStillFlies who upped the stakes by matching all the previous donations with one big mega buy!
Hope does indeed still fly. Did I do any of that weird philosophical stuff in this news yet?
Memory is the eye of imagination but it is only hope that pierces through to create a path in to a future. A hope that dreams of a day that our past will be uncovered and understood differently and with compassion.
Yeah anyway to be specific this is a stretch goal. It won’t embarrass us if we don’t make it but wouldn’t be fun if we did? The Raffle will be drawn at the Oxford Blue this Saturday[/url] at 20:00 UTC. If you’re around we’d love to see you. Ruthie is planning on getting a livestream together.
Success is achieved when we learn how to enjoy what we do and @Uncle_Muddy is having a whale of a time.
Big thanks go to @Bush, @Sev, @Entimp, and Peter (@555) and all of the others who contributed to this project. We got there in the end and it has given us a platform on which we can grow. The main website is in WordPress which means we can start adding you guys as bloggers. We want to use the main image on the home page to feature your projects. So get working and send us your pictures.
Note: we have had a few spambots reactivitate since installing the new forum. This should be sorted soon as the permissions were changed. We would love to get your feedback so that we can continue to improve it, this is for all of us so give us a shout in the comments.
One Year Anniversary of Feathercoin
Well not quite yet. But I am pleased to welcome back @Entimp, where would we be without him?, who has brought forth the idea of a one year anniversary celebration for Feathercoin this coming April. Now this is an plan I think we can all get behind. Head over to his thread and help him develop this worthy event.
TL:DR
The more you do the more you can do, procrastination is too much like hard work because you just end up getting in your own way. Sometimes we need to look to our heroes who can show us how to do it. They are doers, that is to say they are thinkers with the courage to commit.
I hope you will take the inspiration from these newsletters and show everyone what you can do with it.
source: http://voiceofrussia.com/news/2014_01_28/Feathercoin-stable-and-fast-7337/ and
Guugll Search
http://www.guugll.eu/feathercoin-stable-and-fast/
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