[ANN] Catcoin - Scrypt meow!

[CatCoinForums]

ALL POOL OWNERS WHO LOWERED THE CONFIRMATIONS TO 60-50. PLEASE CONTACT "JUDGE" ON - www.catcoinforum.com - I WILL STICKY YOUR THREAD PROMOTING YOUR POOL. THIS IS MY THANK-YOU FOR LOWERING THE CONFIRMATIONS!

PEOPLE, NO NEED TO PANIC. CATCOIN IS A BRAND NEW COIN, JUST GIVE IT TIME.

http://www.catcoinforum.com/forumdisplay.php?fid=17

[1715151431]

1715151431

[zerodrama]

Sorry but WTF ? And Im wondering what we did wrong why we lost so many miners.......
Good and stable pool punched by coin dev... well nice. And to be sure, we always close our pools as soon we hit the 50%. Otherwise why should we harm the coin in any way....

Dev decided to be on the safe side. It's not about intentional harm, it's about responsibility. A lot of pool careful operators close registration at 30%. But most pool ops are careless and don't pay attention. Also dev lost 3000 coins when the blockchain forked because pools were careless.

[Reece523]

Now is a nice time to get some cheap CATS. There is 25000 CATS of protection at 0.00083 so it's pretty safe to pay 0.00085.

[YoyodyneSystems]

Most people on here complain about FIAT but most coins inflate far faster than fiat does... Completely insane. Being the most profitable coin to mine ensures the supply of your coin increases at a rate which puts the Fed to absolute shame. Seriously, anyone been tracking the growth in the coin supply of Elacoin? That coin has almost quadrupled it's coin supply since December yet it came out in May. That's what happens when you change the block reward from 1 to 5 and in the process massively incentivize miners to mine your coin. Being the best coin for miners is not a benefit, it is a curse. It is a curse which anyone who is not a miner should see immediately. Being the most profitable coin for miners ensures that it is almost impossible for the coin to sustain any considerable long term appreciation. Sure, it may go up temporarily but how much can such a coin possibly go up in value? The higher in value it goes, the more hashes are sent it's way. It sounds kind of like the worst investment possible, actually. I mean, how is a coin supposed to gain value if it gets attacked with gigahashes every time it appreciates?

So, in sum... We should rejoice that dumpers are abandoning us. For miners that genuinely care about CAT and it's future, there is no reason not to send some of your hashing power CAT's way... Plenty of people do that for coins they actually believe in. Sadly, I see more and more confirmation that most miners care only about the Almighty U.S. dollar. Or perhaps it is not such a sad thing afterall... I mean, do we really want such people mining our coin? Why? So they can dump it on us? So they can post nice positive stuff about CAT when it is rising and trash talk the shit out of it when it dares disobey their order to fork the coin and reset the difficulty? Why the heck would they care if that destroys the coin -- the coin is already destroyed as far as they are concerned, as is every single coin except the very most profitable coin (that logic clearly only makes sense in Miner Land).

^^^ THIS

In terms of coin value. Mining MORE coins means LESS value per coin. The less people mining the better. All coins go up and down.
Our dif is high. That will mean higher value and less dumping. When it changes in a week or two it will go way down and miner's will
pile in the and price will drop for a little bit.

Hey I mine too.. don't get me wrong. But it's a 100% fact that being top coin on coinwarz lowers the value of the coin.
If you are in this forum as a miner then best to come back in two weeks. UNLESS you are HOLDING CAT long term.
Then stick around for the ride. If you are mining and dumping this is not the coin for you.

All you need to do is look at DOGE as the test example of what mass mining does. If DOGE had specs like our coin
it would be at $10 per coin.

After holidays are over coin values will go up. Most of the coins are down this whole last week. Especially last two days.
Just come back to trading in a couple days.

[Mikellev]

yup, but as I said, as long we, the pool operators, dont do anything harmfull to the coin or chain, I dont see a problem having 30, 40 or 50%, more then 60 is difficult but also ok, as long we dont lose connection to the network....

Sorry but WTF ? And Im wondering what we did wrong why we lost so many miners.......
Good and stable pool punched by coin dev... well nice. And to be sure, we always close our pools as soon we hit the 50%. Otherwise why should we harm the coin in any way....

Dev decided to be on the safe side. It's not about intentional harm, it's about responsibility. A lot of pool careful operators close registration at 30%. But most pool ops are careless and don't pay attention. Also dev lost 3000 coins when the blockchain forked because pools were careless.

[savale]

Price is insanely low atm... It will go up after some of the new coins dies I guess. And people: keep mining! It will get a boost for sure.

edit: YoyodyneSystems nicely said. 

[tuchkov]

Welcome to CATPOOL.in

PPLNS, 0% FEE ... YES!!! realy, 0% FEE! automatic payments & quick confirmations...

• Our pool have no fees!
• Automated minimum payouts - 1 CAT
• Our server are located in Germany.
• We get automated backups of our system.
• You can get automatic payments if you like to.
• We are quickly processing your transactions.
• The pool is stratum powered.

We need everyone miners with any hashes! We need you! Register now!

[janos666]

PEOPLE, NO NEED TO PANIC. CATCOIN IS A BRAND NEW COIN, JUST GIVE IT TIME.

I think it's too late for that. Not that I am panicing myself. (I am currently buying up as much CATs as I can for the MOONs I mined in the last two days.) But I think I know a panic when I see one. It looks something like this:

[Reece523]

Sellers are holding their ground. It's unfortunate they don't lower their price to 0.00085 as I would buy more if they did. There really is very little risk at 0.00085 since the protection at 0.00083 is not decreasing and there is triple the protection at 0.00083 as there are sell orders under 0.00090 -- so even if everyone who has listed their coins under 0.00090 were to sell at 0.00083, there would still be protection of 15000 CATS, ample for you to exit the market for a very minimal loss should you wish. The upside is potentially a whole lot more than the risk of approximately 3% which would result from buying at 0.00085 and reselling at 0.00083. Furthermore, it is unlikely you would have to sell for 0.00083 since at that price it is impossible for anyone to purchase CATS other than the people who placed those buy orders, so you can probably expect at least 0.00084 making the risk in employing this strategy very minimal.

[savale]

a CAT has seven lifes, don't worry too much  

People are in panic because its hard to mine and price doesn't the coin any justice atm. Some people are still dumping this coin now. It will rise big once the dumpers are out of the game.

[hvezdasmrti]

Dumpers will never be out of game because not only miners but some buyers are now selling. The hashrate is too low and transaction times ridiculous. I am now out and i thank you for cats bought from me for 0.0011-0.0030. Rebuy not planned, this coin has no perspective, sorry.

[Mikellev]

UPDATE:http://cat.poolerino.com has changed the confirmations to 60 only!

Still 0% fee for our miners, pls donate, thank you!

Rightnow you'll no longer have to wait for 120 confirmations until payout of your coins, we went down to 60 confirmations so you'll get your payout twice as fast as on other pools.

[Reece523]

The coin rose from 0.001 to 0.0014 so quickly yesterday not because it should have actually risen that much but because we encountered so much resistance in the 0.00098 - 0.00105 range that many people who may otherwise have held out for more opted for a quick guaranteed profit.  

I think this is exactly what we are seeing now... If people who were planning on holding out for 0.00095 or 0.001 are now selling for 0.00086 - 0.00089, it means that it should be much, much easier for prices to increase quickly once we break 0.0009.

a CAT has seven lifes, don't worry too much  

People are in panic because its hard to mine and price doesn't the coin any justice atm. Some people are still dumping this coin now. It will rise big once the dumpers are out of the game.

[Nullu]

I still believe a great deal that Catcoin has enormous potential, and there are some smart people in this thread. This doesn't feel like sheep following the herd. I am not easily led either. I wouldn't be here if I thought that Catcoin didn't have a future.

As someone rightly correct me on earlier, I personally think this is a beartrap.

I could be completely wrong. Maybe I've gotten everything wrong. But I'm going with my gut in this one, and this doesn't feel like a dying coin. Not by a long shot.

[zerodrama]

Dumpers will never be out of game because not only miners but some buyers are now selling. The hashrate is too low and transaction times ridiculous. I am now out and i thank you for cats bought from me for 0.0011-0.0030. Rebuy not planned, this coin has no perspective, sorry.

This coin is the copy of Bitcoin. That's all the perspective you need.

[Reece523]

edit: well that didn't last long... Oh well, not like prices are falling below 0.00083 anyway.

[wman]

good time to buy

[Mikellev]

19 BTC at .83

I see that as a good sign.

[YoyodyneSystems]

The person who put 19 BTC at 8300 intends to skyrocket this coin later. He will be happy to have all your coins.
Otherwise he wouldn't be buying them with that much money.

What you are seeing is 800,000 coins mined in the first day then DIF went crazy high. There are only a few people
holding all the coins. They have been selling off for 3 days and may continue to do so.

When they run out all the coins will be held by people who want to hold them for a long time or people who
want to hold them for a medium amount of time.

Then the price will rise. (Or the price will rise tomorrow with the holidays over).

be back in a couple days...

[Nullu]

The person who put 19 BTC at 8300 intends to skyrocket this coin later. He will be happy to have all your coins.
Otherwise he wouldn't be buying them with that much money.

What you are seeing is 800,000 coins mined in the first day then DIF went crazy high. There are only a few people
holding all the coins. They have been selling off for 3 days and may continue to do so.

When they run out all the coins will be held by people who want to hold them for a long time or people who
want to hold them for a medium amount of time.

They the price will rise.

be back in a couple days...

It does appear that for the moment the markets are a much stronger driving force than miners or small investors. Wonder how long it will last.

I also agree with everything you just said. See you when you return.