Topic: [ANN] Catcoin - Scrypt meow! - page 142. (Read 470739 times)

We need to put major hashing power into the Catcoin network, right before the difficulty adjustment takes place. I don't know the technical details, but I imagine if we purchase hashing power an estimated 24 hours before the change in difficulty is to occur, it should moderate the adjustment downward, and prevent it from going into miner-dumper bait territory. Also, making the next difficulty adjustment modest, should in turn cause the difficulty adjustment after that to be modest, too, and we may go a long way towards stabilizing the coin, at least until the value goes up significantly.

Anyone have more technical information on at what time interval the measurement is taken, that the difficulty adjustment is based on? And good resources to buy temporary raw hashing power?

Wrong, I'm not talking Memorycoin 1 to Memorycoin 2! It was Memorycoin 2.0 that had the adjustment. (btw, I mined over 150 MMC today)

A coin can't survive without miners, people can't just accept to have to wait hours or days for the transactions, and there are too many coins currently, and miners jumping from one to another, 2 years until next difficulty change ...

How do you expect people to trade this coin so that it gets an acceptable price again if you have to wait so many hours and soon days for every transaction?

is it not possible to fix a diff change after lets say 500 blocks? wouldnt that make things much easier? and keep all the rest?

Lack of dev input is what most concerns me to be honest. At least if a fork was on the cards or not, we should know sooner rather than later...

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.

I guess we're good at that right now 

keep the coin worthless to mine:  it's the only way to be sure. 

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.

+1 but how can we lower the block time avg, 36 minutes 46 seconds is just too high.

Ok, we also need protection against gigahash pools jumping in at low difficulties, how can this be done?

Yes, if it were to happen, they would be notified well in advance.

the solution for the DOGE community was therefore, to fork the coin. 

oh wait...

To keep things in perspective, some posting here make it sound like CAT is the only coin to be losing value in relation to BTC. Not long ago, DOGE was trading at .00000150, then it was at .00000100, then it was at .00000070, and just yesterday it was at .0000055. Now, it's trading at .0000045. If you think having one million CATs out there (and increasing at the rate of about 700-1000 CATs per day) causes dumping problems due to sheer volume of coins, think about what the dumping potential is for DOGE, and look at what the prices are doing. I think CAT is in better shape than DOGE despite temporary "profitability" of DOGE. DOGE is selling out its soul and long-term prospects, in order to get temporary hashing power. That is definitely not the strategy to emulate for any altcoin. We need a strategy to obtain and keep a reasonable hash rate, at a reasonable profitability level sufficient to keep loyal miners funded, while keeping out the mercenary types who are only interested in split-second momentary profits. The hasher-dumper does not mine Litecoins, and if that situation is good enough for Litecoins, it should be good enough for Catcoins too.

Try going to coinedup.com and look at the DOGE/CAT market. It's sitting right around 1200-1300. That's about where it was sitting a few days ago, when CAT was at its peak too. So the current value loss is something both DOGE and CAT are suffering, so it's not a situation of DOGE going up at the expense of CAT. We just need to find a way to tide things over in the short term, avoid a drastic reduction in difficulty level at the next changeover (as to cut off resupply line for the dumpers), and things should stabilize and be back on the ascent.

so it would be possible to change the rearrangement of difficulty at lets say 500 blocks instead of 2000? how is this even possible?

What about asking cryptsy, coinedup and coinex to just update their wallets as well? I believe it's rather simple...

You are talking about not enough mining will let cat die because it´s not proftitable.
Is it long time profitable for a cow to melk it until milk is empty and cow dies like DOGE now.
Alt coins should only be done to make a profit for miners pump and dump game.
Do you think we all are stupid playing slave for big miners who only care about their own
profibilty. How should any coin have a future only being food for big miners mining and selling against
BTC or quick $ profit. No future without invest. I now invest mining power against profibility in $
If cat will sink i sink with it and with me my 1.5K cats.

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.


Why? Did anyone ask them?


We need a fork, this coin doesn't have enough popularity to survive ... 2 yeras?  until the next difficulty change, and there are too many other coins competing. With a fork, everyone updates their wallet, we keep the coins we already have, in a day we can mine again and the coin won't take longer than 3 days to recover its real price and popularity. Only have to change the difficulty re-targeting to something more realistic, every few blocks.

To everyone talking about the price this coin should have, it's not about difficulty, it's about offer and demand, and with so many other coins the investors just don't want to risk, they need to see that the dev decides to fix the coin, it's that simple.

more like the HINDENBURG!

Well, I'm sticking with Catcoin now. I still believe in it. This bump will be overcome, and prices will rise again.

Exactly like the titanic? 

xD