The value of CATCOIN is in replacing the BITCOIN circle jerk with an equivalent coin over an algorithm that encourages better distribution of hashing power.
I will fork CATCOIN myself to stay as is if it changes. Not even joking.
Forking NOW kills it. Without a chance of returning. We need promotion, but not as strong as where it goes on cryptsy (hashrate x4 before diff recalc). We really need a pot of coins for giveaways. I've PMed the OP about the bounty situation. Haven't seen him around much the last couple of days.  |
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The value of CATCOIN is in replacing the BITCOIN circle jerk with an equivalent coin over an algorithm that encourages better distribution of hashing power.
I will fork CATCOIN myself to stay as is if it changes. Not even joking.
Those are pretty strong words. So you think the Bitcoin model will work for Catcoin similar to the early days of Bitcoin before ASICs? |
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You people are on crack. The coin is fantastic as it is. It's needs promotion now. It's one of the top performing coins right now. The miners don't sell the coin - WE DO. The miner's wreck the coin. Forget about miners. What are you smooookkinngg!! >  |
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Coins are different from the stock market in that there is a projected future cash flow from ownership in shares of companies. Coins are purely a speculative vehicle and thus "corrections" that occur when a stock crashes due to its price way exceeding the fundamental value of the company can not happen in this market. If people truely "believe" that CAT is worth any amount, it will be worth that amount here, there is no cash flow to be concerned about, it's just pure supply demand. Thus "manipulations" don't always lead to a "correction" since once the price goes up, if most people accept that price as the new "correct" price then it is in fact the correct price and there is nothing that they can prove them otherwise. Added to the fact that all these coins have super low market caps and a lot of whales moving in and out and playing the daytrading game means that you can't confidently say price reflect market sentiment even. It's what makes coin investing so risky and fun as well as lucrative.
tl;dr Coins have no cash flows attached to them, thus price doesn't tell you anything about the "value" of the coin at any given time.
That makes it really hard to speculate whether the coin will increase or decrease in value. Do the stock charts bear any indications similar to stock exchange charts? In big markets like BTC where there are a lot of "chartists" (People who think they can predict stock movement based on historical price movements), it becomes like a self fulfilling prophecy where a shape appears and a bunch of people decide it's time to buy/sell thus moving the price in that direction. In most altcoin markets, this doesn't exist since the market is too small. In these markets, ONLY supply demand rules over everything else. As people have pointed out correctly in this thread, the fact that there are few coins being mined means that supply is shrinking. If demand is constant or goes up, then yes price will indeed go up. The problem UNIQUE to CAT is that it's block confirmation times copy that of BTC which as I stated in a previous post is a MISTAKE. You want demand to go UP for price to go up. But as blocktimes increase, people will be LESS inclined to trade CAT instead of say DOGE or Kitteh with much shorter confirm times. Because of the annoyingly long block times, demand is currently stagnating. Having 10 min block times is not a good idea even if it copies BTC because one of the most fundamental improvements altcoin added to crypto was having SHORTER block times, thus this is a regression and not an innovation to go back to 10 min. If demand doesn't go up because of this inconvenience, and supply continues to shrink. Price will STILL not go up. Instead volume will decrease and slowly CAT will die. I don't want this event to happen, I pointed it out previously that CAT should have had 5 coin block rewards at 1 minute intervals to compete with other coins. If this can be changed somehow, CAT demand will increase and it will have a chance again. Have a chance again The coin is one of the top coins in the world now. In just a week. I think you are trying to crash the price to buy back in. The reason this was not an issue before this last retarget is due to the fact that previously the difficulty cap kept block times very short (2-5 min in the last two retargets). This is comparable to altcoins as a whole and incentivizes MORE miners to continue mining instead of less. Right now the difficulty/price is such that it incentivizes miners to leave instead of new ones to come. This is a pivotal moment in this coin and the community needs to actually come to terms with the problem instead of brushing it under the rug and claiming that promotion is the only way to increase the value of the coin. We can not ignore the miners since they also play a vital role in a crypto ecosystem. It must be properly balanced so that the interests of the investors line up with the interests of the miners. I am certainly not trying to crash the coin. I have thousands of dollars currently invested in it and if it crashes it would be disasterous for me. I am trying to improve the coin so that it remains competitive with other altcoins, more of which pop out every day. I do see the point you're trying to make. It also slows down transaction times, correct? If the amount of hashpower doesn't increase significantly after the next difficulty increase, what sort of block times would we expect? |
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woah, I just went and checked my account at pool, and had one nice surprise there! Im a low hash'er and it wasn't expected at all. Thanks for all u do, u really care, and that shows.
It's a good idea to set automatic payouts. If the pool ever goes down at least you'll have most of your coins stored in the blockchain ready to transfer into your wallet the next time you open it. Thanks, that's a very good idea. I set my automatic payouts to 1000 Kittehs. If the site ever goes down most of your coins will be safely stored in the blockchain attributed to your wallet address. Otherwise it stay's in the pool's wallet address, and if the site suffers a crash or an attack, those coins could be gone. It'd be rare for it to happen, but it's a good idea not to take chances. |
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8 Quark $ 27,253,772 $ 0.11 246,942,913 QRK $ 142,572 -1.09 %
35 Catcoin $ 803,693 $ 0.80 1,010,400 CAT $ 129,934 +17.81 %
36 LottoCoin $ 789,051 $ 0.00031 2,552,543,222 LOT $ 124,877 -28.23 %
It's about to pass quark and already in top 10 volume in the world. In a week.
It's just BLEW up LOT. Like I said it would. In ONE day.
Where are you getting those figures from? |
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Yes, a hard fork is what I am suggesting. However, such a move tends to be chaotic and distresses the community which has potential risk in and of itself.
Personally, I feel like this would be the correct move. The changes I would propose are:
Change coin rewards to 5 coins every 1 minute keeping max amount the same (as well as the rate of distribution)
Change difficulty retarget to every 1440 1 minute blocks (Once every 24 hours)
This leads to much less of these problems with the difficulty and also eliminates the problem of having super long block confirm times.
It will be a risk to do the hard fork but I personally think it is the best thing that can happen to CAT and I have my money where my mouth is as I own almost 6000 CAT myself.
I hope the community will consider these concerns that I have brought up and work together to improve this coin.
Until cat gets a real market for spending your idea is one of the best shots we have of keeping it alive +++++1 Also happy new year I think it certainly should be considered as an option. You people are on crack. The coin is fantastic as it is. It's needs promotion now. It's one of the top performing coins right now. What are you smooookkinngg!! > |
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Yes, a hard fork is what I am suggesting. However, such a move tends to be chaotic and distresses the community which has potential risk in and of itself.
Personally, I feel like this would be the correct move. The changes I would propose are:
Change coin rewards to 5 coins every 1 minute keeping max amount the same (as well as the rate of distribution)
Change difficulty retarget to every 1440 1 minute blocks (Once every 24 hours)
This leads to much less of these problems with the difficulty and also eliminates the problem of having super long block confirm times.
It will be a risk to do the hard fork but I personally think it is the best thing that can happen to CAT and I have my money where my mouth is as I own almost 6000 CAT myself.
I hope the community will consider these concerns that I have brought up and work together to improve this coin.
Until cat gets a real market for spending your idea is one of the best shots we have of keeping it alive +++++1 Also happy new year I think it certainly should be considered as an option. |
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woah, I just went and checked my account at pool, and had one nice surprise there! Im a low hash'er and it wasn't expected at all. Thanks for all u do, u really care, and that shows.
It's a good idea to set automatic payouts. If the pool ever goes down at least you'll have most of your coins stored in the blockchain ready to transfer into your wallet the next time you open it. |
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Coins are different from the stock market in that there is a projected future cash flow from ownership in shares of companies. Coins are purely a speculative vehicle and thus "corrections" that occur when a stock crashes due to its price way exceeding the fundamental value of the company can not happen in this market. If people truely "believe" that CAT is worth any amount, it will be worth that amount here, there is no cash flow to be concerned about, it's just pure supply demand. Thus "manipulations" don't always lead to a "correction" since once the price goes up, if most people accept that price as the new "correct" price then it is in fact the correct price and there is nothing that they can prove them otherwise. Added to the fact that all these coins have super low market caps and a lot of whales moving in and out and playing the daytrading game means that you can't confidently say price reflect market sentiment even. It's what makes coin investing so risky and fun as well as lucrative.
tl;dr Coins have no cash flows attached to them, thus price doesn't tell you anything about the "value" of the coin at any given time.
That makes it really hard to speculate whether the coin will increase or decrease in value. Do the stock charts bear any indications similar to stock exchange charts? In big markets like BTC where there are a lot of "chartists" (People who think they can predict stock movement based on historical price movements), it becomes like a self fulfilling prophecy where a shape appears and a bunch of people decide it's time to buy/sell thus moving the price in that direction. In most altcoin markets, this doesn't exist since the market is too small. In these markets, ONLY supply demand rules over everything else. As people have pointed out correctly in this thread, the fact that there are few coins being mined means that supply is shrinking. If demand is constant or goes up, then yes price will indeed go up. The problem UNIQUE to CAT is that it's block confirmation times copy that of BTC which as I stated in a previous post is a MISTAKE. You want demand to go UP for price to go up. But as blocktimes increase, people will be LESS inclined to trade CAT instead of say DOGE or Kitteh with much shorter confirm times. Because of the annoyingly long block times, demand is currently stagnating. Having 10 min block times is not a good idea even if it copies BTC because one of the most fundamental improvements altcoin added to crypto was having SHORTER block times, thus this is a regression and not an innovation to go back to 10 min. If demand doesn't go up because of this inconvenience, and supply continues to shrink. Price will STILL not go up. Instead volume will decrease and slowly CAT will die. I don't want this event to happen, I pointed it out previously that CAT should have had 5 coin block rewards at 1 minute intervals to compete with other coins. If this can be changed somehow, CAT demand will increase and it will have a chance again. Can't this be done? Isn't this what is referred to as a Hard Fork? |
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Will you be looking for more writing staff in future?
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Given the difficulty increases it would take me a better part of a week to mine 100k.
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Coins are different from the stock market in that there is a projected future cash flow from ownership in shares of companies. Coins are purely a speculative vehicle and thus "corrections" that occur when a stock crashes due to its price way exceeding the fundamental value of the company can not happen in this market. If people truely "believe" that CAT is worth any amount, it will be worth that amount here, there is no cash flow to be concerned about, it's just pure supply demand. Thus "manipulations" don't always lead to a "correction" since once the price goes up, if most people accept that price as the new "correct" price then it is in fact the correct price and there is nothing that they can prove them otherwise. Added to the fact that all these coins have super low market caps and a lot of whales moving in and out and playing the daytrading game means that you can't confidently say price reflect market sentiment even. It's what makes coin investing so risky and fun as well as lucrative.
tl;dr Coins have no cash flows attached to them, thus price doesn't tell you anything about the "value" of the coin at any given time.
That makes it really hard to speculate whether the coin will increase or decrease in value. Do the stock charts bear any indications similar to stock exchange charts? |
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what is the current difficulty for kittencoin ?
Zero. It hasn't been launched yet.  Kitteh Coin is 1.81281292. |
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That may explain my problem then. What's up with that? I may switch. Yea i jumped ship try this pool seems good 0 fee's aswell http://kittehcoinpool.com/I'll give it a try. Screw this 2%. |
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Guys im actually scared that net hashrate is dropping, 0.8ghash already. Isn't it very bad for catcoin?
In theory the market can correct this because of increased demand due to decreased supply, which increases the coin's value and therefore becomes more profitable for miners, bringing back hashing power. A lot of miners just mine what's profitable, rather than speculate. |
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I wouldn't touch this abortion with a 49 1/2 foot pole.
So you admit it then, you would touch it with a 50 foot pole. you have to admit AnHeroCoin is better than PotatoCoin. lol Atleast I'm not making fun of the mentally handicapped. Saying it's better than PotatoCoin isn't exactly setting the bar high, is it?  |
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So if all stupid people will sell out theirs coins, smart people will manipulate price selling it very very high and catcoin will have super value.
But how to remove/delete all this stupid people selling low?
I'm not sure if people artificially manipulating the price is a particularly good thing for the Coin either. Doesn't that result in a market "correction"? I'm only just coming to terms with stock market terminology. I mean, in simple terms if you artificially raise the price, you can't maintain that indefinitely, and the price would just crash wouldn't it? Once the buy walls are removed the coin value would drop. |
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That may explain my problem then. What's up with that? I may switch. |
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I don't hear a lot of great things about Cryptsy. Is it just because it has higher trade volumes?
Cryptsy is slow and complete garbage. I cannot believe how many glitches and problems I've had with the site. I have been using the site for roughly 3 weeks and had to submit 5 help tickets and my issues is STILL not resolved. The site is a joke. It takes 10x longer to submit or withdraw anything from Cryptsy and half the time while I'm trying to navigate the site I get booted out and have to log in again. Not really what I want from a site when I'm trying to trade fast based on live pricing. I'll join Cryptsy, but I won't be putting a lot of btc into it. |
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