Initially the popular e-currency, Bitcoin, snuck up on traditional media. Once outlets caught wind of it, though, it seemed to stick. Now, a new player and rightful competitor, makes it’s way onto the stage. Feathercoin an opensource crypto-currency, plans to be the digital currency “without the weight.”
Bitcoin’s anonymity, anarchistic and mysterious nature intrigues some, but is also easily disregarded by others. Feathercoin, on the other hand, is not sneaking up on the world. Feathercoin is “trying to improve upon the technology by creating competing services which offer improvements over the existing Bitcoin network.”
This newer and seemingly friendlier trending currency seems to be paving the way for young investors not too keen on placing their cars or insurances as bets. Fearthercoin is trendy because it’s still fresh. It seems to be trying to shy away from the mysterious stigma that goes with Bitcoin. Feathercoin is trying to be more friendly while the community creates “tutorials, animations, jingles, technical guides, videos, and starter kits to enable people who want to get involved.”
“Now that Feathercoin can be traded on several markets its value is assured, and mass adoption can really blossom,” reassures lead Feathercoin developer Peter Bushnell.
Entering the Bitcoin market now might be considered hip but it’s going to be expensive as hell if you’re planning on making money in the process. The older it is and the more algorithms have been processed, the more difficult it is to get your hands on. Thus they become more expensive. There are alternatives though.
Once Bitcoin started making headlines a few months ago, many got bored with the hype. Critics lashed out, claiming it’s nothing more than a fad and that, like other trending topics on the web, will soon blow-over or even crash and leave our news-feeds forever. Others, though, felt the need to stress the importance of Bitcoin’s philosophy rather than the actual stock’s ups and downs.
The fact that e-currency represented something to be built upon makes more sense and should be taken note of. It should be written on the walls, in fact. There are already a decent host of e-currency Bitcoin alternatives available, Feathercoin will be one of many to follow in the coming years.