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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Catcoin - Scrypt meow! on: January 15, 2014, 02:50:52 PM
Been following CAT coin since the beginning, and mined for a few days when it launched but I have nowhere near as many catcoins as some of you. I didn't dump them when the price was high and so I'm holding on to what I have  and trying to participate in this coin as just another opinion at this point. When Catcoin launched it had a good attitude about it, there was a sense of euphoria associated with that Catmeme tempered by the realization that the code was based tightly on Bitcoin but with scrypt instead. Well now we are seeing that this formula doesn't work to maintain a stable coin at this point due to difficulty fluctuation caused by the automated pool hoppers.

So it seems pretty obvious that something needs to be done. The current Estimated network hashrate: 16 MH/s is pretty low if you ask me. I know that when we launched a lot of people were able to sell their coins for .0001 and many invested in CAT coins to try to maintain this price but I don't know that it'll ever get back up that high again unless we as a community are able to fix the difficulty problem. I think that adjusting the difficulty every block round with a 36 block average should be an improvement over what we have now. I also think that doing this via a testnet sounds like a better plan than simply rolling out a fork.

I think there is some merit to see Catcoin as a coin to experiment with. I like some of the concepts that Hozer has suggested and I think that it'd be great if we as a community could embrace an experimental basis for this coin rather than watching it slowly die due to the slow response time to difficulty changes and still relatively high value of the coin. Altcoins need to provide something novel to succeed, part of this is a tighter knit community which is possible around a smaller project, than say Bitcoin as a whole. But the other thing is that it needs to be fun to mine it, people have to feel excited about getting the coins, and this excitement shouldn't come exclusively from a profit or speculation motive because otherwise everyone will just be waiting to sell them for Bitcoins. I'm sorry to say but it is my suspicion that if you wanted to make a killing on catcoins well you should of dumped your bag of cats down by the river a long time ago because now we are dealing with a cat that has some serious health issues and we are going to need to coddle and feed in order to nurse it back to health. It might be possible for CAT coins to rise again but it will most likely need to bring something to the table other than just being the cat counterpoint to Doge. I see that someone launched GrumpyCoin and there will always be new memecoins popping out and attracting attention. What seems to make a coin valuable and useful is if people actually care about using it. The collaboration with CryptoCat is great are we just waiting for someone to compile a OS/X wallet for their developers ?

I also like the idea of adding Proof of Share to CAT coin but I do know that this is complicated and would need to be thoroughly tested and agreed upon by the community but some kind of Proof of Share concept could encourage and reward people for holding onto the coin. I know Peercoin uses this but there is also Diamond Coin and a spin off known as Philosopher Stones that do both Proof of Work and Proof of Share, so perhaps they could be good code repositories to learn from.

I don't know of any good overall analysis of the Altcoins to compare the different features that they have, their blockchain rewards vs. their price stability vs. novel experiments but I think that we should treat CAT as a work in progress and realize that unless we are willing to experiment and have fun as a community then this cat won't go anywhere.

 Is there anything that relatively non-developers can do at this point to help with the testing and is there any place that a summary of the code changes and general consensus of the "board" or what not is being recorded ? At this point I see some progress being made but it's hard to tell exactly what is happening and when and that would probably be useful to assuage the fears and uncertainty that people seem to have.
2  Alternate cryptocurrencies / Altcoin Discussion / Re: Building Catcoin Wallet from source for Linux? on: December 27, 2013, 01:37:24 AM
I figured it out thanks to some Russian catcoin miners... https://bitcointalk.org/index.php?topic=385186.0
and google translate - Discovered the key-static variable LDFLAGS in Makefile - removed it and compiled fine.

And then I modified the makefile and searched for static and removed the second instance of static and it compiled just fine for me.
3  Alternate cryptocurrencies / Altcoin Discussion / Re: Building Catcoin Wallet from source for Linux? on: December 26, 2013, 05:21:29 AM
I'm running into a similar error.

In the meantime someone has posted a statically compiled catcoin binary for linux here - http://www.mediafire.com/download/b6d5gbo4e785gbf/catcoin-qt
But it didn't work for me, I was able to compile a headless catcoin client but it had issues with creating the .catcoin directory.

I've tried compiling it any number of ways and end up with nothing functional -
this is one of the errors on the compile

catcoin/src/netbase.cpp:-1: warning: Using 'getaddrinfo' in statically linked applications requires at runtime the shared libraries from the glibc version used for linking

But seriously, catcoins will someday be equivalent to bitcoins in value because they use the same blockchain, if you follow the logic that litecoins will be worth 1/4 the amount of bitcoins...

I was able to get it working to compile it after adding the libdb4.8-dev from the bitcoin apt-repository from this direction https://github.com/kR105/catcoin/blob/master/doc/build-unix.md

This github was the original origin for catcoin the other one was forked and it has been updated recently.
https://github.com/kR105/catcoin

So I was able to get a headless catcoin wallet running, which is better than nothing but couldn't get qt-catcoin to install or work.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: Catcoin Meme Competition. Win 500 Cats! (Hosted by Catpool.co) on: December 25, 2013, 06:24:51 PM
Here are my meme entries - mining as erisian at the catpool





Merry anarcatmas...
5  Other / Beginners & Help / Re: Best startup rig for new miners? on: December 25, 2013, 05:15:59 AM
Mining bitcoins is probably not going to be worth your while.

First off - you have to question your motives for getting involved with the whole cryptocurrency project in the first place. If it is to get rich hoarding bitcoins well you will probably fail unless you are rich already, even if you were rich and wanted to spend a lot of money on mining hardware there is no guarantee you will get your investment back.

Intoxicated on catnip I got high on the whole cryptocraze when bitcoins were peaking at 1K, consulting some mining calculators I figured I could make over 900$ a month mining altcoins, and although I was smart enough to realize the whole thing was likely a bubble I still drove to the big box computer super store and purchased 3 Radeon R9-270s and hooked them into a shiny new motherboard placed on a milk crate and proceeded to watch the motherboard melt into the milk crate. I should of known better but I didn't want to wait until I got the risers etc to do it properly and I think there was just too much heat for it to cope. Now I am mining on my regular computer with one card and I built a lite weight mining rig with the other two cards and I can do about 1250KH Scrypt. I've been able to get a modest return thus far but realize that the whole thing is not likely to be easy money. If you can't build your own computer then you will need to learn. All in all, I could of definitely made more $ doing web development programming or anything else, but it has been a fun and fascinating exploration into the concept of money.

First off you have to realize that all money only has value because humans think that it does, bitcoins are real only because humans as a species consider them to be real, cats on the other hand don't need paper or digital currencies, they just eat other living creatures. The same can be said about dollars, yuan or any other medium of exchange or store of value.

But if you want to participate in this bitcoin community and explore the human psychology of creating currencies, social manipulation, marketing as the various Altcoins attempt to splash into existence, get listed on cryptsy and people turn their electricity and expensive processors into little virtual bit configurations that may have value, then you should go at it. Obviously building my mining rig was kind of a rite of passage that now allows me to feel like I'm creating value by logging into various pools and watching as my electric bill goes up and so does my balance of coins.

If I were to give myself advice at this point I'd of kept with my original plan to build a computer with a nice processor vs. the cheap single core and RAM that I ended up with to cut costs. And then see it as a means of paying for your computer because if I'm lucky that is all that I'm ever likely to get out of this aside from being able to participate in the creation of new cryptocurrencies such as catcoins.

Really though, people take bitcoin somewhat seriously now, but all money is something of a imaginary creation, it's just kind of fun to see people on the internet start creating their own currencies and the whole social dynamics behind it so enjoy.
6  Other / Beginners & Help / Re: How come I can't post?? on: December 25, 2013, 04:28:02 AM
Indeed I've been lurking quite a bit on bitcointalk only to find out I couldn't post without confirming that indeed I'm not some ludicrous spambot that is attempting to ruin the internet by increasing the already low signal to noise ratio of most forums. I even created a login only to find out that I must post a little bit on this newbie forum first. Eventually I hope to be recognized as a legitimate human or cat capable of contributing to the lulz and memes of bitcoin history and perhaps maybe actually sharing thoughts that provoke intelligent debate and discussion. We will have to see.
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