Just so everyone is on the same page:
Forking DOES NOT mean that you lose any coins you already have. As long as the exchanges update their wallet too even the ones on there will be preserved.
Forking DOES NOT mean there will be inflation. You can easily change the block rewards so that the rate of supply and the total quantity remains the same.
Forking DOES fix the issue of unnecessarily long block times and ridiculous retargets. It is the BEST WAY to combat multipools and miner manipulations which the thread has been complaining about since the start.
Forking DOES carry inherent risk. But to be fair, at this point the coin is dead otherwise so it's not risky anymore.
Topic: [ANN] Catcoin - Scrypt meow! - page 140. (Read 470764 times)
I think everyone agrees we leave the total number of coins intact.
Just make it 1 or 2 minute blocktime with retarget 3-4hrs.
Dev is probably still busy dealing with the robbery... Please when you see this either take action or realese the coin to someone to take over. We need to act, or at least let pppl know that we are acting.
Just make it 1 or 2 minute blocktime with retarget 3-4hrs.
Dev is probably still busy dealing with the robbery... Please when you see this either take action or realese the coin to someone to take over. We need to act, or at least let pppl know that we are acting.
But wouldnt this inflate catcoins?
No, not if we adjust the block rewards accordingly. 5 coins per block per minute is the same as 50 coins per ten minute block. The only thing that this would change is the stupid block times which is the sole reason the coin is dying.
Ok, this doesn't sound too bad, imo.
inb4 yoyodynesystems has an apoplectic seizure
Now that people are finally being convinced a fork is absolutely necessary, there are a few things that should be brought up:
DO NOT FORK IT IN LESS THAN 24 HOURS! Make sure we give cryptsy, coinedup, coinex ample time to register that this is happening. If the plan to fork in 20 hours goes through, it could lead to more trouble as the exchange wallets are not properly updated.
Do not make block times longer than 2 minutes. As I previously posted, I am recommending 1 minute. A lot of coins have 30 seconds but I don't think it's that different between 30 seconds and 1 minute. >2 minutes and you will feel a noticable difference when trading though.
Retarget needs to be at most 24 hours. This is what brought CAT into this mess in the first place. Many coins nowadays have even shorter retarget times. I honestly wouldn't hate having retargets in the 3-4 hour range.
Forking is a BIG DEAL! I want to reiterate that a rushed 1 day forking job will do more harm than good. Make sure the community, the devs, and the exchange are all on board before you do the fork. Any less than that and it will be a death blow to the coin!
DO NOT FORK IT IN LESS THAN 24 HOURS! Make sure we give cryptsy, coinedup, coinex ample time to register that this is happening. If the plan to fork in 20 hours goes through, it could lead to more trouble as the exchange wallets are not properly updated.
Do not make block times longer than 2 minutes. As I previously posted, I am recommending 1 minute. A lot of coins have 30 seconds but I don't think it's that different between 30 seconds and 1 minute. >2 minutes and you will feel a noticable difference when trading though.
Retarget needs to be at most 24 hours. This is what brought CAT into this mess in the first place. Many coins nowadays have even shorter retarget times. I honestly wouldn't hate having retargets in the 3-4 hour range.
Forking is a BIG DEAL! I want to reiterate that a rushed 1 day forking job will do more harm than good. Make sure the community, the devs, and the exchange are all on board before you do the fork. Any less than that and it will be a death blow to the coin!
I agree with you sir.
But wouldnt this inflate catcoins?
No, not if we adjust the block rewards accordingly. 5 coins per block per minute is the same as 50 coins per ten minute block. The only thing that this would change is the stupid block times which is the sole reason the coin is dying.
Now that people are finally being convinced a fork is absolutely necessary, there are a few things that should be brought up:
DO NOT FORK IT IN LESS THAN 24 HOURS! Make sure we give cryptsy, coinedup, coinex ample time to register that this is happening. If the plan to fork in 20 hours goes through, it could lead to more trouble as the exchange wallets are not properly updated.
Do not make block times longer than 2 minutes. As I previously posted, I am recommending 1 minute. A lot of coins have 30 seconds but I don't think it's that different between 30 seconds and 1 minute. >2 minutes and you will feel a noticable difference when trading though.
Retarget needs to be at most 24 hours. This is what brought CAT into this mess in the first place. Many coins nowadays have even shorter retarget times. I honestly wouldn't hate having retargets in the 3-4 hour range.
Forking is a BIG DEAL! I want to reiterate that a rushed 1 day forking job will do more harm than good. Make sure the community, the devs, and the exchange are all on board before you do the fork. Any less than that and it will be a death blow to the coin!
DO NOT FORK IT IN LESS THAN 24 HOURS! Make sure we give cryptsy, coinedup, coinex ample time to register that this is happening. If the plan to fork in 20 hours goes through, it could lead to more trouble as the exchange wallets are not properly updated.
Do not make block times longer than 2 minutes. As I previously posted, I am recommending 1 minute. A lot of coins have 30 seconds but I don't think it's that different between 30 seconds and 1 minute. >2 minutes and you will feel a noticable difference when trading though.
Retarget needs to be at most 24 hours. This is what brought CAT into this mess in the first place. Many coins nowadays have even shorter retarget times. I honestly wouldn't hate having retargets in the 3-4 hour range.
Forking is a BIG DEAL! I want to reiterate that a rushed 1 day forking job will do more harm than good. Make sure the community, the devs, and the exchange are all on board before you do the fork. Any less than that and it will be a death blow to the coin!
I agree with you sir.
But wouldnt this inflate catcoins?
This is how you replace one disaster with another. It needs a lot more work than simply speeding it up. Apply exactly this as a fix and you can forget getting another coin unless you're mining with the huge coin switching pools. It will be fast for a few minutes, slow for a few hours, and the coins will probably spit out so fast its all mined within a year. Don't do it fast, do it right.
Shouldn't we at least vote or something ... like ... wait for the developer? 
LOL.
I don't feel like a rat on a ship. I feel like the ship started to become thousands of separate ships which leave their mother.
LOL.
I don't feel like a rat on a ship. I feel like the ship started to become thousands of separate ships which leave their mother.
I was thinking the same thing. 3 things could happen;
1: We don't Hard Fork
2: We Hard Fork Cat Coin and go with the new version
3: We Hard Fork Cat Coin and have TWO different versions.
I think 3 would be utter madness. I'm wavering between 1 and 2, which I think should be put to a vote, but only by the dev himself. It's his call.
Where do the new proposed specs place final coin gener ation date at?
Now that people are finally being convinced a fork is absolutely necessary, there are a few things that should be brought up:
DO NOT FORK IT IN LESS THAN 24 HOURS! Make sure we give cryptsy, coinedup, coinex ample time to register that this is happening. If the plan to fork in 20 hours goes through, it could lead to more trouble as the exchange wallets are not properly updated.
Do not make block times longer than 2 minutes. As I previously posted, I am recommending 1 minute. A lot of coins have 30 seconds but I don't think it's that different between 30 seconds and 1 minute. >2 minutes and you will feel a noticable difference when trading though.
Retarget needs to be at most 24 hours. This is what brought CAT into this mess in the first place. Many coins nowadays have even shorter retarget times. I honestly wouldn't hate having retargets in the 3-4 hour range.
Forking is a BIG DEAL! I want to reiterate that a rushed 1 day forking job will do more harm than good. Make sure the community, the devs, and the exchange are all on board before you do the fork. Any less than that and it will be a death blow to the coin!
DO NOT FORK IT IN LESS THAN 24 HOURS! Make sure we give cryptsy, coinedup, coinex ample time to register that this is happening. If the plan to fork in 20 hours goes through, it could lead to more trouble as the exchange wallets are not properly updated.
Do not make block times longer than 2 minutes. As I previously posted, I am recommending 1 minute. A lot of coins have 30 seconds but I don't think it's that different between 30 seconds and 1 minute. >2 minutes and you will feel a noticable difference when trading though.
Retarget needs to be at most 24 hours. This is what brought CAT into this mess in the first place. Many coins nowadays have even shorter retarget times. I honestly wouldn't hate having retargets in the 3-4 hour range.
Forking is a BIG DEAL! I want to reiterate that a rushed 1 day forking job will do more harm than good. Make sure the community, the devs, and the exchange are all on board before you do the fork. Any less than that and it will be a death blow to the coin!
I agree with you sir.
But wouldnt this inflate catcoins?
Shouldn't we at least vote or something ... like ... wait for the developer?
LOL.
I don't feel like a rat on a ship. I feel like the ship started to become thousands of rats which leave the ship I won't.
LOL.
I don't feel like a rat on a ship. I feel like the ship started to become thousands of rats which leave the ship I won't.
Now that people are finally being convinced a fork is absolutely necessary, there are a few things that should be brought up:
DO NOT FORK IT IN LESS THAN 24 HOURS! Make sure we give cryptsy, coinedup, coinex ample time to register that this is happening. If the plan to fork in 20 hours goes through, it could lead to more trouble as the exchange wallets are not properly updated.
Do not make block times longer than 2 minutes. As I previously posted, I am recommending 1 minute. A lot of coins have 30 seconds but I don't think it's that different between 30 seconds and 1 minute. >2 minutes and you will feel a noticable difference when trading though.
Retarget needs to be at most 24 hours. This is what brought CAT into this mess in the first place. Many coins nowadays have even shorter retarget times. I honestly wouldn't hate having retargets in the 3-4 hour range.
Forking is a BIG DEAL! I want to reiterate that a rushed 1 day forking job will do more harm than good. Make sure the community, the devs, and the exchange are all on board before you do the fork. Any less than that and it will be a death blow to the coin!
DO NOT FORK IT IN LESS THAN 24 HOURS! Make sure we give cryptsy, coinedup, coinex ample time to register that this is happening. If the plan to fork in 20 hours goes through, it could lead to more trouble as the exchange wallets are not properly updated.
Do not make block times longer than 2 minutes. As I previously posted, I am recommending 1 minute. A lot of coins have 30 seconds but I don't think it's that different between 30 seconds and 1 minute. >2 minutes and you will feel a noticable difference when trading though.
Retarget needs to be at most 24 hours. This is what brought CAT into this mess in the first place. Many coins nowadays have even shorter retarget times. I honestly wouldn't hate having retargets in the 3-4 hour range.
Forking is a BIG DEAL! I want to reiterate that a rushed 1 day forking job will do more harm than good. Make sure the community, the devs, and the exchange are all on board before you do the fork. Any less than that and it will be a death blow to the coin!
Silly question but if we fork, what does happen to our cat coins held on exchange markets? (Like cryptsy or coinedup)
Isn'it better to get our cats back to our wallets?
Isn'it better to get our cats back to our wallets?
A difficulty fork will do nothing besides change the difficulty settings. All coins remain the way they are now. It just needs new limits as to how much the diff can increase/decrease per change, time between blocks, and how many blocks between. It is still perfectly possible to salvage this with a dev present to work with the community towards performing the required changes. As an example he can set such a fork to become effective at block X, say 200 blocks from now. Allow some time for everyone to upgrade wallets. Rent hashing power to get past the remaining blocks. Problem solved, unless the fork brings new issues to the table.
This cat knows what he's talking about!
Silly question but if we fork, what does happen to our cat coins held on exchange markets? (Like cryptsy or coinedup)
Isn'it better to get our cats back to our wallets?
Isn'it better to get our cats back to our wallets?
Theoretically an exchange could list both versions, and allow you to trade Cat1 for Cat2, and allow you decide which you want to keep on which fork; the blockchain leading up to the fork is still valid, but now your coins could effectively exist in either fork.
Not sure if the exchanges would go to the trouble though.
I kind of feel a bit split down the middle too come to think of it..
I'm holding the line! Fix catcoin!
Silly question but if we fork, what does happen to our cat coins held on exchange markets? (Like cryptsy or coinedup)
Isn'it better to get our cats back to our wallets?
Isn'it better to get our cats back to our wallets?
A difficulty fork will do nothing besides change the difficulty settings. All coins remain the way they are now. It just needs new limits as to how much the diff can increase/decrease per change, time between blocks, and how many blocks between. It is still perfectly possible to salvage this with a dev present to work with the community towards performing the required changes. As an example he can set such a fork to become effective at block X, say 200 blocks from now. Allow some time for everyone to upgrade wallets. Rent hashing power to get past the remaining blocks. Problem solved, unless the fork brings new issues to the table.
CALM DOWN PEOPLE!!!!!!!!
You guys are just rushing a decision, lets discuss this some more, forking can be a solution but rushing without thinking is more risky than leaving things as they are, ALSO some wants to fork but what gives you the right to take such a decision for the whole catcoin community did you make a vote? they you ask people for their opinion? this kind of unilateral decision is what will kill the coin
NOW CALM THE FUCK DOWN WOULD YOU AND THINK SLOWLY AND RATIONNALY
buy cheap coins now 
We are a hair away from 0.0004 omfg I put my kids college fund into this so he could go to harvard
Dont worry yet Bitch, its not over till the fat lady sings.
Just spread the word about catcoin & get them to sign up at: www.catcoinforum.com
so i can email all the supporters at once bringing in mass traffic to this thread for when the devs fork the coin.. it has to be done to make it better.
DONT SELL! WHO IS WITH ME?!?!
The following is why short of someone seriously manipulating the prices upward, CATcoin will continue its death spiral. There are many die hard optimists in this thread who don't use logic and invest purely based on emotion or some arbitrary libertarian ideal. Those people will say things along the lines of "The difficulty retarget and block times are perfect because it's the same as bitcoin" or "CAT is an alternative to bitcoin which is more decentralized and combats the increasing levels of bitcoin regulation by governments". In reality, however, CAT is not operating under the same environment as BTC and treating them the same is a mistake:
......
In the past I have indicated that the only way to save CAT is a hard fork which decreases block times to 1 minute and changes difficulty retarget to roughly once every 24 hrs. This was received poorly by the community. Perhaps the community will be more willing to consider it once it takes 1-2hrs average for a block and the price is at 0.0002. Maybe then I'd be willing to reinvest in CAT again.
+1 agreed. ......
In the past I have indicated that the only way to save CAT is a hard fork which decreases block times to 1 minute and changes difficulty retarget to roughly once every 24 hrs. This was received poorly by the community. Perhaps the community will be more willing to consider it once it takes 1-2hrs average for a block and the price is at 0.0002. Maybe then I'd be willing to reinvest in CAT again.
however, a proposal to hard-fork the currency after a week of mining and trading? that will trash remaining confidence in the coin, and people will move on to this week's meme (i guess it's cagecoin).
as long as cat remains one of the least profitable coins to mine, i cannot justify spending resources to prop it up. right now i can mine doge, and trade it for 3x cat in USD everyday.
Why people think a fork will make investors lose confidence? If something it shows the engagement of a serious dev team that understand the coin needs a change from the initial idea. Memorycoin 2.0 had a fork because of this same reason, the dev didn't take longer than a day to understand that the future of the coin was unclear without the fork, so they did it and people just got more confident seeing a dev taking care of the coin.
how much money have you made in memorycoin 1.0 or 2.0? how many memorycoins have you mined today?
forking a currency currently being traded for value is force majeure. it signals the developers are like children knocking the chess board off the table when they're unhappy with losing the game.
again, it's only been a week, and we're talking about forking the coin.
it's only been a week, and we're trying to prop the currency up.
I disagree. Propping the currency up would be doing all the manipulative things that this thread has been doing this whole time, including the "hold the line" at 0.001 from a few days up. Forking is not artifically propping the currency up. It is recognizing there is a fundamental flaw in the design of the coin at the getgo. Resolving this flaw would be beneficial for all parties: Investors, miners, and even the exchange due to increased volume.
A week is not too short when at this rate in another week the coin will be dead.
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