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I've actually seen this in my tank, grows on the underside of the rock where no light gets to it, don't have a clue what it is though and has not harmed anything either.
I've seen something very similiar to that in a tank that i just set up with very fresh rock. I think that it is mostly just dying matter. I've never seen it to the extent that i have recently. Might be something to do with the recent shipments of LR.