The dev is the same dev as Topcoin. There appear to be two go-betweens here, @fatecoin and @eugene - neither seem to have any great depth of knowledge, but both are fairly good at answering questions.

My take on fate:

Pros:
- Pool resistant - this is a VERY good thing.
- Permanent easy to mine status, albeit with lowering rewards - another VERY good thing.
- Hard to mine, but NOT impossible - a late-adopter CAN get some, not like Bitcoin
- No premine

Cons:
- Very little information
- No exchanges
- No casino (as promised in the OP) and
- Related to that, no other take-ups from any commercial service
- Updates coming third-hand and via google translate - this is not good enough

I think as a concept, it's a GREAT coin. Accessibility from mining (and CPU mining at that!) no matter how late in the game you come is a brilliant idea. Bitcoin will sorely suffer in the future from the people who come along later and say to themselves "Meh, party's already over, can't get the fucking things.", and that is as it should be. But FATE will never have that issue. It's a really novel way of thinking, and it could be big.

But what is needed is someone to take control of it - PROPER control. Someone who knows how to
- get it on an exchange
- Get it out in the public "face"
- Persuade people to back it commercially - goods for FATE
- TALK to us! Let us know what's happening!

This is a Chinese coin. I say that as a GOOD thing. There is an ENORMOUS Chinese community, far bigger than the english speaking community, who are into Crypto. But because of the limitations on Internet access out (from a Chinese point of view) and Internet access in (from everyone else's), it's not easy to keep track of this. If the Chinese community decided to adopt FATE, it would be Titanic - bigger than any altcoin to date. But the dev is not pushing it, and the community here can't.

I count myself an early adopter of FATE, and I still see the potential of it. But I don't mine anymore. Until the dev decides to give this his full attention, the coin is effectively a fringe interest. Not dead, precisely, but close to it.

It's a real pity. It really is.

Rit.