I respectfully suggest we may benefit from setting up an organized way by which Catcoin supporters who have switched to mining more profitable coins can systematically convert the profits into Catcoins through exchanges and/or donate some of the profits to Catcoin miners. Maybe this can be done at the pool level. Is there anyone out there with pool who would be willing to set up a hybrid pool, where we can assign a percentage of miners to mine CATs, and another percentage to mine whatever is profitable right now, then automatically convert the non-CATs mined into CATs through exchanges, and aggregate all the profits and distribute evenly across the entire pool base on shares / gigahash-seconds contributed? Such a setup would create the effect a higher payout for Catcoin mining, and higher hashes going into Catcoin mining, even if 75% of the hashing goes to a profitable coin, and only 25% is mining Catcoins - because the entire proceeds would be converted to CATs (through Exchanges), and costs distributed throughout the entire pool. This would in effect allow Catcoin supporters to do something akin to mining Catcoins at higher profitability, and make this difficulty phase go more smoothly. How complicated would it be to set up a pool to do something like this? Or does anyone have creative input on some similar or alternative way to easily accomplish something similar (systematically subsidize CAT mining, by Catcoin supporters who perhaps have left Catcoin mining, but would be willing to help)?
Also important we must prevent the difficulty level from dropping too low at the next difficulty adjustment. Having a difficulty level that is 6x too high, I believe is less detrimental to the coin than having a difficulty level that is 6x too easy - as the former only lasts for a fixed duration of time and has the side-benefit of temporarily reducing coin inflation - while the latter attracts miner-dumpers who get the stock of cheap coins replenished to continue dumping (which prolongs the problem).
Let us also not waste time on talk of hard forking the coin, which is a desperation measure, akin to shooting yourself in the foot, in the hopes of raising adrenaline levels, in the hopes of jump-starting the heart, because one is panicking that one may be in the middle of a heart attack in the middle of a desert - versus relaxing a bit and taking stock of the situation, and considering how it may not be a heart attack at all but merely a self-induced panic attack.
Let us not forget that a million coins got mined in the first few days of the coin's existence, and how few coins are being sold in the exchanges is a remarkable testament to how many people are holding onto the coin for long-term prospects. As long as we don't allow dumpers to replenish their stock of cheap coins at the next difficulty adjustment, this situation will inherently run itself out, and when demand outstrips supply, prices rise.
The least helpful thing to be doing right now is panicking and scaremongering about how the coin is going to "die." It is time for deliberation and planning. I would assume that there are Doge supporters and supporters of other altcoins who have hurt feelings or jealously about CAT's prospects, and would choose to spread fear and chaos here, perhaps out of a desire for revenge or desire to prove their coin choices right. There may be others who are not prepared for spectacular financial success, who are subconsciously trying to sabotage things because they have too many CATs and if prices went up too much, they'd be uncomfortable - to those people I respectfully suggest you put away your CAT wallet, consider the money lost so you can stop worrying about prespects of having too much money, and when/if CATs become valuable, find some other way to sabotage yourself by spending the newfound wealth on frivolous luxury things, until you are back to being broke where you are comfortable.
Thank you,
Etblvu1