[ANN] Catcoin - Scrypt meow!

[Maverickthenoob]

CoinedUp has been made aware of the fork. Cryptsy and CoinEx left to be notified.

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[ubermoose]

If I have catcoins at exchange, are they "safe" there in term of this fork ? (i know exchange owner can run away with them, but that's not what i'm asking here:) )

You can withdraw them on whatever chain the exchange is on. If they update to the forked version, you'll be fine.
If you want to be on the safe side, withdraw them before the fork happens. That way you can spend your coins on both chains, no matter which one survives.

but If I withdraw them now, will they even get processed by the time fork happen? I have them on cryptsy.

You just need the transaction included in the blockchain before the fork.
Confirmations for it should still happen after the fork, as it's part of both chains.

[skillface]

CoinedUp has been made aware of the fork. Cryptsy and CoinEx left to be notified.

Did they say they were going to prepare for it or something?

[mavis369]

Should I take all my cats from cryptsy then and put back in my wallet for safety. Will I lose them if I leave them at cryptsy?

[Maverickthenoob]

THey are aware that they need to be on top of it and that it is coming. O only really got an "OK, Thanks" as a reply, but I would assume that it means they've got it covered.

[CatCoinForums]

Aslong as the exhcange websites are aware of the situation, then all will be fine. Once this fork has taken place, prepare the fucking rigs ladies.

[NyanCat]

I have created new topic in Cryptsy feature requests:
https://cryptsy.freshdesk.com/support/discussions/topics/62566

[janos666]

So, the opening post still says nothing about any forks. Do you guys plan to create CAT/B on your own and try to convince everybody that your rogue fork is the canon or did I just miss the official statement from the developer?

[dotnetmin]

As there are no transaction are possible if no new blocks will be found, who does it work once all blocks are generated ?
Bloody newbie question, but ...  

[kahir]

Hello im kinda new into mining please i want some answers to this

1- i got some catcoins at cryptse they are safe ?
2- what does fork stand for ?

[dotnetmin]

we are discussing CAT is about to die because it´s not proftibale enough to mine
dog seems be mined to dead

[etblvu1]

Hello im kinda new into mining please i want some answers to this

1- i got some catcoins at cryptse they are safe ?
2- what does fork stand for ?

Hello Newbie Person,

1. I believe Cryptsy is a reputable exchange, and I have coins there, and don't expect problems.

2. A fork is where a programmer makes changes to the software that manages the coins, in such a way that it cannot communicate and agree with an earlier version of the software. Since the software is open source and anybody can change the software, anybody can attempt to perform a "fork." Generally, the original developer of a coin is presumed to be the one with authority to choose to announce a fork and there will be unanimous agreement to change over to the new version of the program out of respect for the originator of the coin. So there is no problem. But if the original developer is busy (as it appears is the case), and some other developer decides to announce a fork, and especially if pool operators go along with this announcement, there is a chance of chaos if the original developer comes back and announces disagreement with this action, subsequently some people think the original unadulterated version of the coin is the genuine coin, and others believe the changed version is the current genuine version of the coin. The two networks at this point operate as if they are two separate coin networks. This chaos can cause people to drop interest in the coin, so it can be a dangerous situation, for the survival of the coin.

I do not know if the "fork" being discussed is an initiative of and sanctioned by the original developer of Catcoins, or is something being pushed out by another developer wishing to take over Catcoins in a hostile takeover sort of way. I kind of assume (and hope!) the original developer has sanctioned it, or that the attempt will fail; but I see conflicting signs. I believe the answer to this question will become evident soon enough.

Etblvu1

[ubermoose]

As there are not transaction are possible if no new blocks will be found, who does it work once all blocks are generated ?
Bloody newbie question, but ...  

There's no limit on blocks generated, because as you said that needs to happen for transactions to be possible. If you wanted to ask what happens after all coins are mined (This does happen as block rewards will halve until they are 0), this is were transaction fees are supposed to reward miners for finding new blocks. This takes a very long time though and hasn't happened yet for any coin as far as I know.

[dotnetmin]

As there are not transaction are possible if no new blocks will be found, who does it work once all blocks are generated ?
Bloody newbie question, but ...  

There's no limit on blocks generated, because as you said that needs to happen for transactions to be possible. If you wanted to ask what happens after all coins are mined (This does happen as block rewards will halve until they are 0), this is were transaction fees are supposed to reward miners for finding new blocks. This takes a very long time though and hasn't happened yet for any coin as far as I know.

thanks

[Maverickthenoob]

So, the opening post still says nothing about any forks. Do you guys plan to create CAT/B on your own and try to convince everybody that your rogue fork is the canon or did I just miss the official statement from the developer?

Kr105 has said to a number of people via PM that he is open to the fork if most support it. Judging by the forums and IRC, most are in favor of these changes to address the difficulty issues permanently. I'm not entirely sure why he doesn't reply in this thread, and to be honest that's a little irritating. Other people have github access, so likely either way this fork will probably happen. There are no plans for a CatB that I know of, more of a "lets fix this broke shit and get back to mining on this coin". More info can be found here: http://catcoins.org/catcoin-fork/

AFAIK KR105 is on board with these changes. This isn't a hostile takeover.

etblvu1: Doing nothing will also result in a dangerous condition called "coin death". Lets avoid that.

[DJTrey]

I'm sure Cryptsy keeps a close eye on these forums. They will update.

If you still don't understand why we're updating Catcoin or how it will affect you, read here: http://www.catcoins.org/catcoin-fork/

[NyanCat]

Please, don't let our ticket disappear from the list:
https://cryptsy.freshdesk.com/support/discussions/topics/62566

[Maverick69]

I'm holding more than 1k catcoins, and I'm for the fork. Keep as many bitcoin specs as possible, but retarget and confirmations must be faster.

[etblvu1]

Kr105 has said to a number of people via PM that he is open to the fork if most support it. Judging by the forums and IRC, most are in favor of these changes to address the difficulty issues permanently.

For the record, I would be in favor of permanently addressing the difficulty issues, but speeding up the rate of destructive oscillations during which miner-dumpers can come and grab cheap coins is just copying an unsuccessful or semi-successful formula of other altcoins. I believe we can (and should) do better than that. So I do not support this particular rushed fork as a permanent solution. I would support this as an interim stopgap step until a true long-term solution is implemented (which may require more coding and testing time). In any case, I respect the original developer's wishes and I would defer to the original developer's judgment as being the correct one that should be implemented for this coin (even if that wish is to follow an unwise consensus). Maybe Catcoin is destined to end up as another altcoin with micro ups and downs in difficulty, with mercenary miners popping in on a regular basis every few hours, to easy-mine and dump coins onto the exchanges suppressing its value. Maybe a true fix to the difficulty oscillation problem will not be implemented in this coin. That would be unfortunate, but would still be correct because I believe a coin developer should decide the fate of his creation. It is up to anyone who has read my proposed permanent solution (a few posts back, at #5511) to post if they agree that the solution I have described is what they believe will promote the long-term success of Catcoins, and if enough people agree, this may be persuasive to the developer(s) who are responsible for implementing change(s) to the coin source code. That would make me very happy. By my statements, I do not mean any disrespect for  each and every participant in the Catcoin community, and I submit my ideas humbly, in the hopes it will add value to everyone here.

I have about 4000 Catcoins, if quantity matters for the vote or consensus.

Etblvu1

[janos666]

So, some people says they got private messages from the developer and he allowed them to act on their own.
Nice!
I just got an encrypted message after I signed an NDA, so I can't say anything more, but: Prepare for some unforeseen consequences!