Hello! And question
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[quote=“Main Page”]Feathercoin is based on Litecoin, which is safeguarded from the effects of Bitcoin ASIC mining. It has a block reward of 200 coins and will have a total of 336 million coins. This makes it four times that of LiteCoin. It joins the crypto currency family by positioning itself with Litecoin in the same way that Litecoin is aligned with Bitcoin. [b]It does not compete with Bitcoin or Litecoin, it compliments them.[/b][/quote]
How does this not compete with Litecoin? From what I’ve read, it’s running the same software and algorithms as LTC… or is it planned to evolve away over time?
By the way, just got into LTC yesterday! I heard about this while trying to learn about pools and miners and exchanges. There’s a lot to learn :)
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I think (and someone please correct me if I’m wrong in saying) FTC is designed to be an easier currency (for now) that works alongside BTC and LTC. FTCs value means it’s no real threat to LTC nor BTC therefore it’s not competing ‘that’ much.
Also, welcome to Feathercoin.com forums noodle. ^^
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One way to think of it with their relative values is that Bitcoin is like gold, Litecoin is like silver, and Feathercoin is like copper.