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Topic: [ANN] Catcoin - Scrypt meow! - page 236. (Read 470784 times)

full member
Activity: 126
Merit: 100
December 27, 2013, 03:36:51 PM
Wow, been mining since last night and I have .163 catcoins in the bag! At this rate I will have my first catcoin well before I have my next bitcoin with 120gh of capacity.

:-)

YOU SIR POST YOUR WALLET RIGHT NOW!!!!!!!!!!!
legendary
Activity: 3164
Merit: 2258
I fix broken miners. And make holes in teeth :-)
December 27, 2013, 03:33:46 PM
Wow, been mining since last night and I have .163 catcoins in the bag! At this rate I will have my first catcoin well before I have my next bitcoin with 120gh of capacity.

:-)
hero member
Activity: 532
Merit: 500
December 27, 2013, 03:28:15 PM
I have 7 Million DimeCoins if anyone wants them for some Cat Coins. Best offer by PM gets the lot. Too much effort to mine now.
member
Activity: 112
Merit: 10
December 27, 2013, 03:26:06 PM
I just did a succesful transaction with CryptoMine, it went very smoothly and he was very communicative. I would trust him to do business again.
full member
Activity: 126
Merit: 100
December 27, 2013, 03:24:03 PM
member
Activity: 112
Merit: 10
December 27, 2013, 02:59:14 PM
but big risks can bring big rewards as long as you are not investing any amount of money or resources that you can not afford to loose I think the odds are pretty good,
not risking money or resources provides favourable pot odds, but the EV of catcoin is independent of potential return.  
much better then in the lottery or in a casino.
by how much is it better?  and to say something is better than a lottery is really setting the bar low for any investment.  you might as well say that catcoin is better than throwing your money in the parking lot.  


First thing what does EV mean ?

well by how much, it is better then a lottery I dont know of course, with a lottery you know the ods, with a new coin the odds are not know, so it is just your personal subjective guess how good the odds are.

But one thing I do know for sure the odds are infinitely better then throwing your money in the parking lot  Cool
since you're talking about investing in terms of odds, maybe we should use a gambling metaphor rather than an investment metaphor.

http://www.cardschat.com/poker-odds-expected-value.php

if you are claiming 'odds' on something without a number, then you are basically making a guess, and then claiming there are actual odds attached to it.

certainly, you can say the odds are higher for catcoin's success than winning the lottery, but without knowing what the odds are we can easily assume the odds are only slightly better than the lottery.  just because something is more likely than the lottery doesn't mean it's going to happen.  you are more likely to get hit by a car and die the night of the lottery drawing than winning. that doesnt' mean it's going to happen either.

If it's a personal, subjective guess, drop the 'personal', and 'subjective'.  it's just a guess.  there are no odds here, just an optimistic feeling you have about this coin.  

But one thing I do know for sure the odds are infinitely better then throwing your money in the parking lot  Cool
Infinitely???  i've found money in parking lots before.

well we can hair split about semantics all day long , bottom line =  of course I have an optimistic  feeling about this coin, otherwise I would not be mining it
member
Activity: 98
Merit: 10
December 27, 2013, 02:58:34 PM
Just wrote an article for my fans about catcoins.
I know, it's italian, but spreading the word is good yes?
http://tweakfix.zz.mu/

Yes great job! Keep spreading the word people, thats of course if you want this coin to make it.
legendary
Activity: 3066
Merit: 1129
December 27, 2013, 02:55:57 PM
Just wrote an article for my fans about catcoins.
I know, it's italian, but spreading the word is good yes?
http://tweakfix.zz.mu/
full member
Activity: 182
Merit: 100
December 27, 2013, 02:50:48 PM
Thank you OP for adding the spreadsheet!
sr. member
Activity: 420
Merit: 263
let's make a deal.
December 27, 2013, 02:50:30 PM
but big risks can bring big rewards as long as you are not investing any amount of money or resources that you can not afford to loose I think the odds are pretty good,
not risking money or resources provides favourable pot odds, but the EV of catcoin is independent of potential return.  
much better then in the lottery or in a casino.
by how much is it better?  and to say something is better than a lottery is really setting the bar low for any investment.  you might as well say that catcoin is better than throwing your money in the parking lot.  


First thing what does EV mean ?

well by how much, it is better then a lottery I dont know of course, with a lottery you know the ods, with a new coin the odds are not know, so it is just your personal subjective guess how good the odds are.

But one thing I do know for sure the odds are infinitely better then throwing your money in the parking lot  Cool
since you're talking about investing in terms of odds, maybe we should use a gambling metaphor rather than an investment metaphor.

http://www.cardschat.com/poker-odds-expected-value.php

if you are claiming 'odds' on something without a number, then you are basically making a guess, and then claiming there are actual odds attached to it.

certainly, you can say the odds are higher for catcoin's success than winning the lottery, but without knowing what the odds are we can easily assume the odds are only slightly better than the lottery.  just because something is more likely than the lottery doesn't mean it's going to happen.  you are more likely to get hit by a car and die the night of the lottery drawing than winning. that doesnt' mean it's going to happen either.

If it's a personal, subjective guess, drop the 'personal', and 'subjective'.  it's just a guess.  there are no odds here, just an optimistic feeling you have about this coin.  

But one thing I do know for sure the odds are infinitely better then throwing your money in the parking lot  Cool
Infinitely???  i've found money in parking lots before.
member
Activity: 112
Merit: 10
December 27, 2013, 02:45:18 PM
but big risks can bring big rewards as long as you are not investing any amount of money or resources that you can not afford to loose I think the odds are pretty good,
not risking money or resources provides favourable pot odds, but the EV of catcoin is independent of potential return.  
much better then in the lottery or in a casino.
by how much is it better?  and to say something is better than a lottery is really setting the bar low for any investment.  you might as well say that catcoin is better than throwing your money in the parking lot.  


First thing what does EV mean ?

well by how much, it is better then a lottery I dont know of course, with a lottery you know the ods, with a new coin the odds are not know, so it is just your personal subjective guess how good the odds are.

But one thing I do know for sure the odds are infinitely better then throwing your money in the parking lot  Cool
member
Activity: 119
Merit: 10
December 27, 2013, 02:42:59 PM
Looks like Earthcoin being added to CoinedUp (not sure if there was a main forum post).  Was just checking out their site.  Surely CAT can follow.
sr. member
Activity: 420
Merit: 263
let's make a deal.
December 27, 2013, 02:42:41 PM
The hashrate is just dropping since the difficulty is rising and there is no official price per coin.. so miners and i mean the big miners running at 15k+ are dropping out since they dont want to waste electric along with the potential of what coins they could be getting with their rigs for a coin with no official value.
I agree.

If everyone just sticks with the coin and dont panic sell, then you wont loose.
I disagree.

just my 2¢
member
Activity: 98
Merit: 10
December 27, 2013, 02:40:27 PM
If everyone just sticks with the coin and dont panic sell, then you wont loose. Just kindly promote catcoin spread the word. The hashrate is just dropping since the difficulty is rising and there is no official price per coin.. so miners and i mean the big miners running at 15k+ are dropping out since they dont want to waste electric along with the potential of what coins they could be getting with their rigs for a coin with no official value.

Once this coin is added to a exchange website, which it will with everyone's help to vote.. then this coin can reach its potential and the activity within this coin will sky rocket.

- Just hold your coins, help promote catcoin & vote to add it to an exchange website..

Just my 2cents.
sr. member
Activity: 420
Merit: 263
let's make a deal.
December 27, 2013, 02:39:16 PM
but big risks can bring big rewards as long as you are not investing any amount of money or resources that you can not afford to loose I think the odds are pretty good,
not risking money or resources provides favourable pot odds, but the EV of catcoin is independent of potential return.  
much better then in the lottery or in a casino.
by how much is it better?  and to say something is better than a lottery is really setting the bar low for any investment.  you might as well say that catcoin is better than throwing your money in the parking lot. 
member
Activity: 112
Merit: 10
December 27, 2013, 02:36:02 PM
Theres no gaurntee you get sell get rid of these coins, why even bother?
How can they have a value,are we going to see a new coin everyday and decide it has
a value and we should mine it?,thats what i am starting to think...

no there is not you are right, mining or investing in a new coin is a big bet with more risk then coins that are already established and on on exchange, so yeah big risk, but big risks can bring big rewards as long as you are not investing any amount of money or resources that you can not afford to loose I think the odds are pretty good, much better then in the lottery or in a casino.
legendary
Activity: 1148
Merit: 1000
December 27, 2013, 02:35:57 PM
DOGEcoin was mass marketed.  Had no value in the beginning.  Now look at the marketcap...  All because of PR.  The more people who recognize something, the higher the demand goes.

We need to market and market this thing hard to get the word out!
sr. member
Activity: 420
Merit: 263
let's make a deal.
December 27, 2013, 02:34:02 PM
Theres no gaurntee you get sell get rid of these coins, why even bother?
How can they have a value,are we going to see a new coin everyday and decide it has
a value and we should mine it?,thats what i am starting to think...
exactly.  all of the efforts of people with <1000 cat to promote the coin are only going to benefit people that got the early jump on mining.  

those people will cash out on the backs of the people that have spent more time making logos and wallet pictures.  

can anybody look at the blockchain, see where the catcoins are being concentrated?  i am guessing that over 50% of the catcoins are owned by less than 10 individuals.  
sr. member
Activity: 378
Merit: 250
December 27, 2013, 02:32:12 PM
Theres no gaurntee you get to sell or get rid of these coins, why even bother?
How can they have a value,are we going to see a new coin everyday and decide it has
a value and we should mine it?,thats what i am starting to think...
sr. member
Activity: 420
Merit: 263
let's make a deal.
December 27, 2013, 02:30:23 PM
   doesn't mean the buyer cares about the difficulty. 

    If there will no fullness of early adopters or (peoples with reserve). Difficulty will cares all of miners. And asking price goes hight.
If it will no external pressure (collusion of buyers) and if buyer wants to buy this coin and not another, he will used to buy around asking price.
You quoted me out of context.  i fixed it.

And difficulty is the miner's problem, not the buyer's.  Just because something is rare, doesn't mean it's valuable.  if you've ever traded in antiques or baseball cards, you'd know exactly what i'm talking about. 

the buyer will not look at a coin 1000x more difficult than ltc and pay 1000x more.  they care what the market cap is, and that translates to btc:CAT.  nothing else matters.

don't worry about a collusion of buyers:  there isn't that much cat interest.  be much more worried about the collusion of cat miners that have most of the money.  about 99% of catcoin owners/miners won't make any money.  

   You can mine 0.23LTC/24hours with one ATI videocard. You can mine 5.5cats a day with same videocard on diff 64, but you can mine
nothing(pools unstable). Calculate, what price can move miners from LTC or doges and how it must growth due to diff recalc to keep them mining CATs.
why not mine LTC?  at least you're guaranteed an exchange rate, and get liquidate LTC in real time on multiple exchanges.

a bird in the hand and all.  
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