Long term recalibration means people have to make long term decisions based on real world long term spans of interest in real world long term projects.
You want miners, who are by nature opportunists, to work for the long term interest of the coin at their own personal costs? Such miners don't exist because of real-world concerns, like return on investment and opportunity costs. Look at the lead developer. His present real world concerns has put his own coin on the back burner. Don't expect miners to act any differently. You're proving my point. The rabbit on crack whining has driven away the lead developer to deal with, wait for it, real world concerns. Maybe he'll come back when people start acting real world. But my lack of faith should not disappoint you. |
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Yes, can someone in the Catcoin team, please make catcoin-qt work for Linux. I have tried so many time to try and compile it from git, but the source code is broken. Please fix this.  This. Please! This was fixed a while ago. Show me your errors. |
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It doesn't - it equates to a worse coin. It's like saying Myspace provided a better social media experience than Facebook back in the day because it had more users and that it would clearly have to be better than Facebook if more users were choosing it over Facebook. Except many users didn't choose it over Facebook, they chose to use Myspace when there was no Facebook and had all their friends on Myspace so switching costs were high. And then when their friends moved to Facebook and the switching costs decreased, they moved to Facebook as well. If it didn't take so many blocks for recalibration to occur, it would have been much easier to persuade miners to stick around -- e.g. "CAT isn't very profitable right now but it will be a lot more profitable in 128 blocks so I will help ensure it gets there". Replace the 128 by 2016 and it seems to be asking a bit much of our miners imo. Only speculators and trollbox wankers want fast times. Retarget should always return to 2016.
I've read almost all 200+ posts in this thread, and no one has explained how 2016 equates to a better coin. What is the mechanism by which recalibration time leads to Analogies to snow mobiles and milk tankers won't cut it. Give us cause and effect. Better yet, show some math. He asks for stability and you argue that inviting people with a short attention span who can't commit for a week or two to something is going to bring stability. Are you serious? |
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Only speculators and trollbox wankers want fast times. Retarget should always return to 2016.
I've read almost all 200+ posts in this thread, and no one has explained how 2016 equates to a better coin. What is the mechanism by which recalibration time leads to Analogies to snow mobiles and milk tankers won't cut it. Give us cause and effect. Better yet, show some math. Long term recalibration means people have to make long term decisions based on real world long term spans of interest in real world long term projects. Long term calibration chases off the ADHD meth traders who do nothing but screw with people being able to conduct real world business. |
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Having Bitcoin in scrypt is important. Bitcoin needs to be knocked off its pedestal for being 1) a currency held in majority by feds 2) cozying up to coinvalidation and whining about non-monetary uses like IOUs or barter.
Only speculators and trollbox wankers want fast times. Retarget should always return to 2016.
I could not disagree more. Bitcoin in scrypt is unimportant. There is a reason why no other coin since Bitcoin has used a difficulty adjustment timespan as large as Bitcoin's - it sucks. The only reason everyone puts up with it is because BTC are worth $800. BITCOIN in scrypt is important if you don't want an open-source-closed-committee-bunker-building-passive-community-having-coin putting everyone in its shadow. |
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Which doesn't really make any sense. Why would anyone pay 0.0007 BTC for a coin that is being forked? CoinMarketCap.com provides a nice history lesson for what happens to coins after they get forked. They go down, usually way down. Sometimes they come back up, sometimes they don't. Either way, I really don't see the purpose in buying now for that kind of bitcoin. aaaand it's going back up ))) If there is no mechanism for it to return to 2016, I am releasing HATCOIN (BTC specs), HOTCOIN (BTC specs), HITCOIN (BTC specs), and HUTCOIN (BTC specs). |
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whats about transfer in progress? this fork thing didnt remove ongoing trasfer ? i have transfered some cats to cryptsy but still no confirms
The fork hasn't happened yet. |
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Literally delusional. I bet you have no market experience whatsoever nor understand the basis of value behind crypto. It's clear that it's pointless discussing logic with you. When the community comes to their senses and forks this coin feel free to keep all your money in the old version. You can sink along with your obsession with the BTC specs.
The BTC specs are why no one buys anything except with BTC and cute coins. The BTC specs are the biggest obstacle BTC has. Luckily for BTC it has asics and hype to let it rise in value still. CAT is nowhere near that established. Congrats, you have literally clung on to the worst part of BTC. This fork is going ahead without your consent. Feel free to keep your coins in this version or start a new scrypt BTC so that you can lose even more money in it. The rest of us are going to rescue CAT. Tell that to people who get paid every 2 weeks. Good luck with 6 hour price fluctuations and difficulty retargets on that one. I'll wait. LOL, my consent. No it isn't. I'll hold CATs, but I will release a BTC in scrypt myself. Anyways, here's my updated proposal: Having Bitcoin in scrypt is important. Bitcoin needs to be knocked off its pedestal for being 1) a currency held in majority by feds 2) cozying up to coinvalidation and whining about non-monetary uses like IOUs or barter. Only speculators and trollbox wankers want fast times. Retarget should always return to 2016. I would suggest this: If the block rate is faster by 2x (as in 5 minutes vs 10 minutes) or slower by 4x (40 minutes vs 10 minutes) the retarget rate should change like this - 224, 112, 42 - at a time: 224: 2016 | 1792, 1568, 1344, 1120, 896, 672, 448; 56: 448 | 336, 224, 112; 42: 112 | 70, 28. On the way up it should be the reverse: 224: 28 | 252, 476, 700, 924, 1148, 1372, 1596; 112: 1596 | 1708, 1820, 1932; 42: 1932 | 1974, 2016. This emergency readjust should be triggered every 6 hours if and only if: Blockrate is 4x slower than expected or 2x faster than expected. |
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Also I hope to god coinedup, coinex and cryptsy are being made aware of this at the same time as the pools so we can keep seemingly trading CAT after the fork.
^ that should be our first order of business once dev officially announces the fork Where is the fork thread? I believe the retarget should only change when there's an emergency like a spike in hashrate that then runs off. Here's my proposal. If the time is over 2x what it should be, the retarget becomes 3x faster, but it should always return to 2016. |
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5) Block reward = keep the same at 50, but with just one minor modification*
* You solve a block. If the current difficulty level is significantly easier than the last difficulty level, your block reward will depend on the results of performing a simple loyalty check. If you can point to a block you solved during the last difficulty era which you did not point to before (i.e., comes from the same address), you get the full 50 coins. Otherwise, you get half (25 coins). The balance of coins are carried over to the next block reward or destroyed.
Blocks are technically solved by the pools, rather than the individual miners using them, so this does nothing. This opens up a ridiculous shitstorm of people complaining or claiming they got more than others. Screw that. |
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Literally delusional. I bet you have no market experience whatsoever nor understand the basis of value behind crypto. It's clear that it's pointless discussing logic with you. When the community comes to their senses and forks this coin feel free to keep all your money in the old version. You can sink along with your obsession with the BTC specs.
The BTC specs are why no one buys anything except with BTC and cute coins. |
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The "Bitcoin clone" status is unimportant. There is a reason why 10-minute block times and 2016-block difficulty retargets have not been used. They don't work.
They do work. People mine BITCOIN still. |
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Keep the price discussions elsewhere.
Start thinking and building.
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These forums remind me of IHUB for the people who trade stocks. As in, there is a bunch of bullshit floating around here to trick people into buying and selling, along with wolves in sheep outfits.
Everyone on here has a motive, no one gives a shit about morality, and no one gives a shit about cat coin. Everyone is in it for money.
And right now, CAT coin is a guaranteed way to lose money in every way possible. Mine = lose money. Buy coins = lose money. Hold coins = lose money.
There is absolutely zero reason to be involved in CRAP coin at the moment. Nearly every other altcoin is a better value. CAT is mimicking DMD (another altcoin with ridiculous specs) and look at the market cap on both.
Even junk coin is doing far FAR better than Cat coin. What a huge slap to the face LMAO. R.I.P. Meow.
Send all your CAT coins here then: 9WuBwDRWVBDjBMfziEhedj61YMjKAx3tGe |
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etblvu1 you are delusional. CAT isn't and will NEVER be like BTC or LTC. To even think it's possible is teetering on stupidity. Thank you, I take that as a compliment. I'd like to point out, that people who believed in Bitcoins early on, were criticized in the exact same way (substitute BTC for CAT, and USD for BTC and LTC), and these criticisms continue. So I would post something that would elicit this reaction, I consider a good sign. Autism on the internets. Don't spend time on these spineless twits. |
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Can you please clarify what is so special about bitcoin specs that you think CAT should keep the block times? People on this thread have some deluded emotional daydream about bitcoin. CAT is not BTC. BTC was the first of its kind and the only one to truely receive mainstream popularity. CAT has to compete with all the other altcoins and therefore needs to face the reality that people WILL move to the most profitable coin. Your idea does not solve anything. People will STILL move to the most valuable coin. In fact, what you are doing is further disincentivizing people from returning to CAT to mine.
CAT is BTC in scrypt. It serves the REAL WORLD pace of transactions and money valuation. ADHD altcoins can't do that. You are underestimating what's possible as far as getting miners into the currency. Scrypt cloud mining is about to become a reality. You're arguing that people don't want to drive snowshovel trucks and semis. People who want to make a living on the vast potential of the winter season or transporting goods DO IN FACT want to drive snow trucks and semis. |
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The people who are left mining this thing are the ones WHO KNOW WHAT IT IS.
the people who are left mining this thing took the holidays off and forgot to switch their rigs over to more profitable coins. Wrong. I don't care about short term profit. You can be a limited attention span trader. I'm a technology builder. See you in court, er the free market of ideas, counselor. |
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I wrote earlier a rather lengthy explaination of why CAT was indeed doomed from the start with the current specs. The reason why I don't feel that CAT deserves a 0.002 price as it is now is because the block time and retarget time is so much longer than other altcoins that it looks absolutely terrible in comparison. Coin demand is intrinsically based around availability of usage. With the current block times, such usage is completely impossible.
You are ignoring the facts. This is the scrypt copy of Bitcoin. Those are the parameters of Bitcoin. If this coin crashes, I will resurrect it myself for that purpose. If you would like to argue based on the facts, that would be appreciated. This situation allows me to try out some ideas. We need a scrypt copy of Bitcoin. The market likes 10 minute confirmations and 2 week adjustments. It's the pace of the real world, with the exception of the checkout counter. The people who are left mining this thing are the ones WHO KNOW WHAT IT IS. |
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You have not responded to the idea that catcoin was artificially indexed at 0.0001. this initial speculation, starting days before cryptsy, caused the problem of unsustainable growth in hashrate, not the miners. I'll address this too. I agree with you that putting a number on the value of Catcoins like 0.0001 was unwise/unfortunate, in that it caused a pumping effect. But I don't think it was any more or less "artificial" than anyone else expressing opinions about the value and potentials of the coin. Nobody to my knowledge had the coercive governmantal or central bank powers to enforce this suggested index. It was sort of like a meme or fad that kind of stuck. 0.0001 is not irrational. Even IXCoins are higher than that. Hell DevCoins are worth more than Dogecoins. No one would sell below the POWER cost and quantitative projection value PLUS the USE VALUE of having BITCOIN without the creeping friendliness toward regulation. CATCOIN isn't merely an ALT. It's a full on correction to the passive ideology that has infected the One Troo Coin. |
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