Topic: [ANN] Catcoin - Scrypt meow! - page 4. (Read 470759 times)

Cheers.

I actually found the post:

the link on the reddit will get you to a valid copy
http://www.reddit.com/r/catcoins

Thanks! I better get started sifting through posts

You need to download a more recent wallet, you are running the version from before the first  fork. I believe someone posted a link to the current wallet a day or two ago on this thread.

Etblvu1

Sorry if this is the wrong place to ask, but is anyone else having problems sending coins, and synching with the network?

Even after deleting the stuff in the AppData folder (not the wallet.dat  ) it syncs pretty quickly right the way up to 3 weeks then hangs indefinitely. the bar lines up almost exactly with the M in "Verify Message" on the receive tab.


I don't know if this has anything to do with the fork, or the fact that my wallet is outdated (v0.8.6.1?). The wallet downloads seem to be 404 right now, both the rar and the exe. Getting a little worried about my coins.

it will keep going from 108.5

No explanation necessary here... 

"low diff" is relative though. The old wallets will keep working at a diff of 27.1, which still needs at least 100 MH/s network hash to mine at 6 blocks/hour. Anyone throwing around 100+ MH/s by themselves probably isn't going to sit and mine a forked coin, and any small miner going solo is still going to have a very hard time finding blocks. The current chain will die long before it gets through even one more "low diff" period, since everyone will be on the forked chain.

Is the fork going to reset the diff at all, or just implement the retarget changes and keep going from 108.5? It will take at least 10 more successively easier blocks to hit ~30 diff, where it should start to pick up interest again.

Envy, the way we're scheduling this is so that the fork block will be the last block of a high diff retarget, so he's right the very next block would be inherently low diff. The factor that makes it irrelevant is that the new wallet must be used, which makes the old chain moot, as it fundamentally changes the coins code. Any coins mined under the old chain AFTER the fork block would be null and void, at least from an exchange perspective. We're looking at doing this so we don't have a low diff  history leading into the fork, rather it will take a couple blocks to start adjusting to whatever the new hash rate is, but likely without the multipools as we're starting high and working low.

Anyone on the old block chain will be fighting very high difficulty with very low hashrate... and will be mining coins that will be rejected by every other node because they will be part of different chains. So, no, not going to be an issue.

That's exactly what my concern was, and I thought that might be the reason why it wasn't an issue but I wasn't sure. I appreciate the explanation!

I think I actually understand where you're going with this. Basically, you're concerned that some douche bag could maintain the old code and reap a shit ton of coins. It's a valid concern, but fortunately as long as all the exchanges update and the pools update those coins would be completely worthless. But I am glad you raised the issue. Thanks!

the difficulty at the fork will be 108.56133403 adjusting at 12% per block according to hashrate...

I may not understand the concept of the fork correctly, but is it that there is a way for some people to maintain a blockchain that is still headed for the difficulty drop? If so, there would be a lot of incentive for the people doing this strip mining annoyingness to try and do just that because they can get a bunch of coins on that blockchain. I'm seriously not trying to generate concern, I'm assuming there's a clear answer and I figure the community would actually benefit from having it explained.

Tim

Don't worry i am on top of it.
I'm running  facebook, twitter and moderate on the reddit.
I'm staying in constant contact with the development team.

Catcoins on adultswim http://i.imgur.com/pjlP8g8.jpg

Don't get me wrong pls.
It's good that you sat together and came up with a solution you as devs agreed in. You did the work to implement it and tested it and I appericate that. If you feel comfortable with this solution then it's fine.

My impression reading about your solution was that you took more wight into getting something simpler and faster done then invest more and come up with something more solid.

I haven't done the work to compare different solutions. I wasn't even aware what was going on behind the scene. All I read was always don't make a mind it will be fixed. And so I didn't make a mind.

I know about the disadvantages of a moveing average method.
Thats where my reaction comes from.

It's a bit a personal disapointment reaction and I wrote it in the past form because you already finished the work and are read to lunch it and that's ok
would be pointless to delay that now. Somewhen you have to make a decision and go that way and of course never everybody is happy with it.
I can live with that solution, really. I don't have many cat's anyway ..don't realyl know why I care so much about cat but somehow I do!?

If you want my opinion:
You speak about complexity. This i can not really understand. Like I say I didn't really dig into the thematic ..but isn't that just some sort of more or less clever smoothing function we are looking for here? That's just a math formula to me.

I wonder did you ask Kimoto about his gravity well implementation or did you have a whitepaper or something?
I see that several coins adapted that successful and are satisfied with it. So what speaks against it?.

If i had the time and patient for I could also offer you to try out one of my own smoothing functions that doesnt have the delay penalty like the averaging. I developed them for something completly different thigns but I think they would work here too.

Anyway...

You worked out a solution ..so let's go with it. No point in wasting the work and effort you put it.

 

After the fork, the difficulty will drop after every block, at most at 12% per block (instead of the current 400%drop), based on the previous 36 block times, meaning there will be no instant drop into the 20 or teen difficulties. Once the fork is live, there will not be any more super fast block times unless a LOT of hash hits the network... and even then only for a few minutes.

Not that I would be excited to see a few hundred more CATs get snatched and dumped into exchanges, and I honestly don't understand enough about the software to know the answer to this (which is why I'm asking), but is it wise to to set the fork so close to the difficulty change? I wondered if it would be better to do the fork in the middle of one of these excessive lulls rather than just before or during the super fast block solves that'll happen once the difficulty drops.

Tim

Make sure to alert the catcoin redditors

So the CAT has a tail now?