[ANN] Catcoin - Scrypt meow!

[CatCoinForums]

We are a hair away from 0.0004 omfg I put my kids college fund into this so he could go to harvard

Dont worry yet Bitch, its not over till the fat lady sings.

Just spread the word about catcoin & get them to sign up at: www.catcoinforum.com

so i can email all the supporters at once bringing in mass traffic to this thread for when the devs fork the coin.. it has to be done to make it better.



DONT SELL! WHO IS WITH ME?!?!

[1714728634]

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[vondi1122]

buy cheap coins now 

[BitchCoin]

https://i.imgur.com/gzdSYr8.png

[kuroman]

CALM DOWN PEOPLE!!!!!!!!  

You guys are just rushing a decision, lets discuss this some more, forking can be a solution but rushing without thinking is more risky than leaving things as they are, ALSO some wants to fork but what gives you the right to take such a decision for the whole catcoin community did you make a vote? they you ask people for their opinion? this kind of unilateral decision is what will kill the coin

NOW CALM THE FUCK DOWN WOULD YOU AND THINK SLOWLY AND RATIONNALY

[BroTroxer]

Silly question but if we fork, what does happen to our cat coins held on exchange markets? (Like cryptsy or coinedup)

Isn'it better to get our cats back to our wallets?

A difficulty fork will do nothing besides change the difficulty settings. All coins remain the way they are now. It just needs new limits as to how much the diff can increase/decrease per change, time between blocks, and how many blocks between. It is still perfectly possible to salvage this with a dev present to work with the community towards performing the required changes. As an example he can set such a fork to become effective at block X, say 200 blocks from now. Allow some time for everyone to upgrade wallets. Rent hashing power to get past the remaining blocks. Problem solved, unless the fork brings new issues to the table.

[campeck]

I'm holding the line! Fix catcoin!

[Nullu]

Silly question but if we fork, what does happen to our cat coins held on exchange markets? (Like cryptsy or coinedup)

Isn'it better to get our cats back to our wallets?

Theoretically an exchange could list both versions, and allow you to trade Cat1 for Cat2, and allow you decide which you want to keep on which fork; the blockchain leading up to the fork is still valid, but now your coins could effectively exist in either fork.

Not sure if the exchanges would go to the trouble though.

I kind of feel a bit split down the middle too come to think of it..

[tabsa]

Silly question but if we fork, what does happen to our cat coins held on exchange markets? (Like cryptsy or coinedup)

Isn'it better to get our cats back to our wallets?

A difficulty fork will do nothing besides change the difficulty settings. All coins remain the way they are now. It just needs new limits as to how much the diff can increase/decrease per change, time between blocks, and how many blocks between. It is still perfectly possible to salvage this with a dev present to work with the community towards performing the required changes. As an example he can set such a fork to become effective at block X, say 200 blocks from now. Allow some time for everyone to upgrade wallets. Rent hashing power to get past the remaining blocks. Problem solved, unless the fork brings new issues to the table.

This cat knows what he's talking about!

[atheistftwins]

Now that people are finally being convinced a fork is absolutely necessary, there are a few things that should be brought up:

DO NOT FORK IT IN LESS THAN 24 HOURS! Make sure we give cryptsy, coinedup, coinex ample time to register that this is happening. If the plan to fork in 20 hours goes through, it could lead to more trouble as the exchange wallets are not properly updated.

Do not make block times longer than 2 minutes. As I previously posted, I am recommending 1 minute. A lot of coins have 30 seconds but I don't think it's that different between 30 seconds and 1 minute. >2 minutes and you will feel a noticable difference when trading though.

Retarget needs to be at most 24 hours. This is what brought CAT into this mess in the first place. Many coins nowadays have even shorter retarget times. I honestly wouldn't hate having retargets in the 3-4 hour range.

Forking is a BIG DEAL! I want to reiterate that a rushed 1 day forking job will do more harm than good. Make sure the community, the devs, and the exchange are all on board before you do the fork. Any less than that and it will be a death blow to the coin!

[janos666]

Shouldn't we at least vote or something ... like ... wait for the developer?
LOL.
I don't feel like a rat on a ship. I feel like the ship started to become thousands of rats which leave the ship I won't.

[vondi1122]

Now that people are finally being convinced a fork is absolutely necessary, there are a few things that should be brought up:

DO NOT FORK IT IN LESS THAN 24 HOURS! Make sure we give cryptsy, coinedup, coinex ample time to register that this is happening. If the plan to fork in 20 hours goes through, it could lead to more trouble as the exchange wallets are not properly updated.

Do not make block times longer than 2 minutes. As I previously posted, I am recommending 1 minute. A lot of coins have 30 seconds but I don't think it's that different between 30 seconds and 1 minute. >2 minutes and you will feel a noticable difference when trading though.

Retarget needs to be at most 24 hours. This is what brought CAT into this mess in the first place. Many coins nowadays have even shorter retarget times. I honestly wouldn't hate having retargets in the 3-4 hour range.

Forking is a BIG DEAL! I want to reiterate that a rushed 1 day forking job will do more harm than good. Make sure the community, the devs, and the exchange are all on board before you do the fork. Any less than that and it will be a death blow to the coin!

I agree with you sir.

But wouldnt this inflate catcoins?

[campeck]

Where do the new proposed specs place final coin gener ation date at?

[Nullu]

Shouldn't we at least vote or something ... like ... wait for the developer?
LOL.

I don't feel like a rat on a ship. I feel like the ship started to become thousands of separate ships which leave their mother.

I was thinking the same thing. 3 things could happen;

1: We don't Hard Fork
2: We Hard Fork Cat Coin and go with the new version
3: We Hard Fork Cat Coin and have TWO different versions.

I think 3 would be utter madness. I'm wavering between 1 and 2, which I think should be put to a vote, but only by the dev himself. It's his call.

[BroTroxer]

Now that people are finally being convinced a fork is absolutely necessary, there are a few things that should be brought up:

DO NOT FORK IT IN LESS THAN 24 HOURS! Make sure we give cryptsy, coinedup, coinex ample time to register that this is happening. If the plan to fork in 20 hours goes through, it could lead to more trouble as the exchange wallets are not properly updated.

Do not make block times longer than 2 minutes. As I previously posted, I am recommending 1 minute. A lot of coins have 30 seconds but I don't think it's that different between 30 seconds and 1 minute. >2 minutes and you will feel a noticable difference when trading though.

Retarget needs to be at most 24 hours. This is what brought CAT into this mess in the first place. Many coins nowadays have even shorter retarget times. I honestly wouldn't hate having retargets in the 3-4 hour range.

Forking is a BIG DEAL! I want to reiterate that a rushed 1 day forking job will do more harm than good. Make sure the community, the devs, and the exchange are all on board before you do the fork. Any less than that and it will be a death blow to the coin!

I agree with you sir.

But wouldnt this inflate catcoins?

This is how you replace one disaster with another. It needs a lot more work than simply speeding it up. Apply exactly this as a fix and you can forget getting another coin unless you're mining with the huge coin switching pools. It will be fast for a few minutes, slow for a few hours, and the coins will probably spit out so fast its all mined within a year. Don't do it fast, do it right.

[atheistftwins]

Now that people are finally being convinced a fork is absolutely necessary, there are a few things that should be brought up:

DO NOT FORK IT IN LESS THAN 24 HOURS! Make sure we give cryptsy, coinedup, coinex ample time to register that this is happening. If the plan to fork in 20 hours goes through, it could lead to more trouble as the exchange wallets are not properly updated.

Do not make block times longer than 2 minutes. As I previously posted, I am recommending 1 minute. A lot of coins have 30 seconds but I don't think it's that different between 30 seconds and 1 minute. >2 minutes and you will feel a noticable difference when trading though.

Retarget needs to be at most 24 hours. This is what brought CAT into this mess in the first place. Many coins nowadays have even shorter retarget times. I honestly wouldn't hate having retargets in the 3-4 hour range.

Forking is a BIG DEAL! I want to reiterate that a rushed 1 day forking job will do more harm than good. Make sure the community, the devs, and the exchange are all on board before you do the fork. Any less than that and it will be a death blow to the coin!

I agree with you sir.

But wouldnt this inflate catcoins?

No, not if we adjust the block rewards accordingly. 5 coins per block per minute is the same as 50 coins per ten minute block. The only thing that this would change is the stupid block times which is the sole reason the coin is dying.

[kalus]

inb4 yoyodynesystems has an apoplectic seizure

[vondi1122]

But wouldnt this inflate catcoins?

No, not if we adjust the block rewards accordingly. 5 coins per block per minute is the same as 50 coins per ten minute block. The only thing that this would change is the stupid block times which is the sole reason the coin is dying.

Ok, this doesn't sound too bad, imo.

[fredeq]

I think everyone agrees we leave the total number of coins intact.

Just make it 1 or 2 minute blocktime with retarget 3-4hrs.

Dev is probably still busy dealing with the robbery... Please when you see this either take action or realese the coin to someone to take over. We need to act, or at least let pppl know that we are acting.

[atheistftwins]

Just so everyone is on the same page:

Forking DOES NOT mean that you lose any coins you already have. As long as the exchanges update their wallet too even the ones on there will be preserved.

Forking DOES NOT mean there will be inflation. You can easily change the block rewards so that the rate of supply and the total quantity remains the same.

Forking DOES fix the issue of unnecessarily long block times and ridiculous retargets. It is the BEST WAY to combat multipools and miner manipulations which the thread has been complaining about since the start.

Forking DOES carry inherent risk. But to be fair, at this point the coin is dead otherwise so it's not risky anymore.

[vondi1122]

And also reduce this: "Retarget: 2,016 blocks" right? So it adjust smoothly? Hope everything works out