Some incompetent pretended to make a "new" coin without changing the "magic bytes" that differentiate chains?
That was, like one of the very first things learned about cloning bitcoin, where did whoever made this thing even get the diff they used to find all the places where one coin differs from another?
They compared a chain that also had not done it right against the chain that failcoin was cloned from, maybe?
Or just hadn't even heard of diff, maybe?
-MarkM-
So many questions, and all rhetorical.. I hope you're not disappointed that SmallChange never was intended as a real coin. You might want to check out the readme (github link), where I explained why I published the coin here at all
[..]
So actually, this 'new' coin exists for the following reasons: [..]
Still if you are trying to make a new coin that is not litecoin, and litecoin supposedly derives in some way from bitcoin, the first thing you'd need to do is a diff of litecoin vs bitcoin to find out what things are different, that is, what makes them two distinct coins rather than one being a notwork-forking fork of the other's blockchain and network.
The name, the ports, the IRC channel, the address coding system that make the addresses start with different letters (assuming you even agree it is good to prevent users from being able to use one address for all coins, which is arguable), the magic bytes that make them distinct p2p networks and so on. Then change all such things, presto another distinct coin. RIght now you are basically just a hard fork of the litecoin network, forking from a point just prior to the genesis block (assuming you actually did change the genesis block?)
-MarkM-