-- Inspiration for Video Series --
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[b]Feathercoin FAQ - Collecting Ideas[/b]
Please list the most common Feathercoin myths or legit complaints. Let’s decide on how to respond as a community and simply point them to the link in the future.
In an effort to give our critics an opportunity to express exactly how they feel about Feathercoin while at the same time limiting the nonsense that we’ve fought so hard to avoid in this community:
https://forum.feathercoin.com/index.php?board=56.0
[b]1. Feathercoin was premined[/b]
(I’ll add Bushstar’s comment from Let’s Talk Bitcoin)
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http://letstalkbitcoin.com/ Episode 15 - Trust But Verify, 24:45 mark
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Zerodrama may be able to elaborate on this one from phsyical0 some time back …
[url=http://cryptocoinexplorer.com:5750/block/b5cf9329fef0206e3f81f77823d94fb6ed84c2add33a6b63eef2b0a94e724a74]http://cryptocoinexplorer.com:5750/block/b5cf9329fef0206e3f81f77823d94fb6ed84c2add33a6b63eef2b0a94e724a74[/url]His main argument are the blocks above and the following statements …
[quote]Yes, I am well aware. 1.2 million FTC were created in the first 3.3 hours of the coin’s existence. Of those 1.2 million, the majority of them currently reside at a single address cryptocoinexplorer.com:5750/a/6whca2ZQU7[/quote]
[quote]FTC was premined. It went for 3 full difficulty recalculations before it left 0 difficulty. This should be physically impossible a the rate of block completion. We’re not talking about just a lot of FTC, we are talking about 1/6 of the total FTC currently in circulation.
[/quote][quote]
The purpose of difficulty is to make blocks get completed at a regular interval (2.5 minutes in the case of FTC). It was a full 15 days before FTC’s difficulty was at a point where that was happening.
[/quote][quote]How would you explain 3 difficulty recalculations before raising the difficulty when blocks are being completed at a rate of one every 2 seconds?[/quote]
[b]Response : [/b]Use the client to check the blocks. The client shows all 8 decimals where as the explorer was showing 4 and it looks like difficulty did not change for 6000+ blocks.
In the client go to debug window. Run getblockhash 6000 and copy the response, run getblock with the hash pasted after to see details of the block. The difficulty has changed.
[b]Note :[/b] Cryptocoinexplorer now shows 8 digits. These post were made in trollbox around a month ago.
[quote]
Block 6047 was mined 3.3 hours after block 1. 6000 coins a minute were produced in the first 3.3 hours. The rate at which coins are supposed to be produced is 200.[/quote][quote]The majority of block rewards from early blocks all ending up in the exact same account which currently holds 15% of all the FTC currently in circulation. What conclusion do you come up with?[/quote]
Pool wallet most likely. Zerodrama can probably help with this.