[ANN] Catcoin - Scrypt meow!

[zerodrama]

it's a week old and $0.50 usd it saw $1.00usd it's first day in trade
there are 1000000+ coins plenty liquid
do any of you know how long it's taken bitcoin to touch any of that?

It's a week old and its NOT USABLE because the block times are so long. Bitcoin never had that problem. Catcoin is not liquid because transactions aren't happening. The network is not going to reach the next difficulty retarget for at least 2 months, and the coin will be dead long before then... if support drops down to only the die-hards then it will take YEARS to reach the retarget.

If the retarget isn't changed the coin has zero chance. None.

The retarget can be changed temporarily during emergencies such as this and it can be brought back up.

If you change the retarget entirely, you are on your way to making a new coin which appeases coin hoppers.

[1714738944]

1714738944

[1714738944]

1714738944

[1714738944]

1714738944

[1714738944]

1714738944

[1714738944]

1714738944

[Nullu]

it's a week old and $0.50 usd it saw $1.00usd it's first day in trade
there are 1000000+ coins plenty liquid
do any of you know how long it's taken bitcoin to touch any of that?

It's a week old and its NOT USABLE because the block times are so long. Bitcoin never had that problem. Catcoin is not liquid because transactions aren't happening. The network is not going to reach the next difficulty retarget for at least 2 months, and the coin will be dead long before then... if support drops down to only the die-hards then it will take YEARS to reach the retarget.

If the retarget isn't changed the coin has zero chance. None.

The retarget can be changed temporarily during emergencies such as this and it can be brought back up.

If you change the retarget entirely, you are on your way to making a new coin which appeases coin hoppers.

Changing the retarget time requires a change in the wallet. It wouldn't be practical or realistic to manipulate the coin like that. No exchange would touch it.

[envy2010]

it's a week old and $0.50 usd it saw $1.00usd it's first day in trade
there are 1000000+ coins plenty liquid
do any of you know how long it's taken bitcoin to touch any of that?

It's a week old and its NOT USABLE because the block times are so long. Bitcoin never had that problem. Catcoin is not liquid because transactions aren't happening. The network is not going to reach the next difficulty retarget for at least 2 months, and the coin will be dead long before then... if support drops down to only the die-hards then it will take YEARS to reach the retarget.

If the retarget isn't changed the coin has zero chance. None.

The retarget can be changed temporarily during emergencies such as this and it can be brought back up.

If you change the retarget entirely, you are on your way to making a new coin which appeases coin hoppers.

Changing the retarget time requires a change in the wallet. It wouldn't be practical or realistic to manipulate the coin like that. No exchange would touch it.

Wallets get updated all the time, just look at BTC. The exchanges will update with everyone else, and the coin might have a chance. Otherwise its DEAD.

[CatCoinForums]

Let the votes speak for them self since this is a community decision.

Vote Yes or No here: http://www.catcoinforum.com/showthread.php?tid=249

[johnny_non]

it's a week old and $0.50 usd it saw $1.00usd it's first day in trade
there are 1000000+ coins plenty liquid
do any of you know how long it's taken bitcoin to touch any of that?

It's a week old and its NOT USABLE because the block times are so long. Bitcoin never had that problem. Catcoin is not liquid because transactions aren't happening. The network is not going to reach the next difficulty retarget for at least 2 months, and the coin will be dead long before then... if support drops down to only the die-hards then it will take YEARS to reach the retarget.

If the retarget isn't changed the coin has zero chance. None.

here's a little history lesson
http://www.happybirthdaybitcoin.com/

[kuroman]

The majority wants best for this coin and that option is to fork it... we cant keep going on like this, its awful and bad for the coin. Accept it and accept the community's decision and lets move on and forget about this hiccup..

You can't speak for the majority, there is at least 400+ catcoin supporters, only 4 people expressed their opinion on a fork

I'm not against forking, what I'm against is unilateral rushed decisions
Forking is one way of doing thing, now the first step is to get other people opinion with a vote or something similars so it's more democratic and other people that are against will have no choice but to accept the results as it is a majority choice

Secondly and like I explaned in my previous poste, we should it things slowly, we have one chance, if we screwed we are done for, discuss the advantages and drawbacks for every single change and come up with a solid plan to present to exchanges (so the coin DOES NOT lose credibility) people who invested don't lose their investiment and the miners can mine with a good profitabilty

things should be done step by step and after a reflexion times, do you see forks of coins right and left in the altcoin forums? the simple answer is no and there is a reason for that.

If you want a community vote, then that's fine.. im fed up with your bickering and sarky comments at most of the members in this thread. So stop your bitch ass winging and let the vote take place and we will see what the community wants.

http://www.catcoinforum.com/showthread.php?tid=249

Vote now for Yes or No.

I'm sorry to say this but the vote should be here not in your forums
The vote should be set up after an annoucement.
You want the bitch ass to stop then DONT FUCKING DO WHAT YOU WANT, THERE ARE PEOPLE THAT INVESTED REAL DOLLARS IN THIS MORE THAN YOU EVER DID OR WILL EVER DO AND ARE LESS VOCAL ABOUT IT.

STOP TAKING DECISIONS FOR OTHERS

[mavis369]

Must admit getting cold feet, does anyone want to buy 632.95516000 cat for 0.00100000 each??


Most of you probably mined all your coins, so in other words they cost you nothing. But some, like me, bought with real money, and do not really want to lose anymore..

[dotnetmin]

It´s getting worst and worst for the CAT.

No blocks found within the last 6 hours  -  http://catchain.info/chain/Catcoin?count=500&hi=20265

Did send a few givaways a few hors ago, no confirs yet.
Did mine 16 h yesterday to get 3.3 CAT @ 2100kh/s.
After 24 hours now 11 from 60 needed ( already reduced by poolowner ) confirms.

Nethash @ 0.28 Gh/s

If nothing happens i also give up. Best thing i can do for CAT will than be only not selling it.
But who should buy if no transactions will be possible soon.

What i also not understood - can everybody fork any coin
if so a lot of coins should already be dead because of manipulation

There are two pages - http://catcoins.biz/   and     http://catcoins.org/catcoin-fork/

Who has announced this ?  http://catcoins.org/catcoin-fork/

Who is dev? Which side belongs to dev? Has dev already lost the boat ?
Why should i myself support CAT ? Should i think, ok lost 1 BTC and few days mining, shit happes ?

I am @ CAT from the beginning and used a lot of time here and now did not understand nothing

Best thing is go away completly and come back in a few days. to have a look if it has died

[g4lt]

u dont know but without hashrate there will be no confirmation in network, u cant spend your catcoins cause it will take forever to transfer, fork is needed cause ppl will start mining again meaby

Actually, that hasn't been determined AT ALL.  Lowering the diff MAY get the pumpndump miners back, but nobody's committed to mining with or without the fork.  Without hashrates in hand, we're just shooting blind here.  As for the hashrate, trust me, we all are WELL aware that nobody's mining and that confirmations are few and far between.  I'm just not sure that we need to get pushed into a fork to make pool miners that have already failed (ask yourself WHY a single miner was able to spike the diff, its because there's not enough mining at normal diffs to survive the attack) happy.  At this point in life, this is looking an AWFUL lot like a pig in a poke. 

[foaman]

the developer cares i got a message from him today.
just cause he's not on here feeding trolls doesn't mean he does't cares. i mean half of you haven't had anything to say until maybe 2 days ago

I call BS on this.  If the Dev really cared he would have chimed in already.  Not all of us are trolls ...  Catcoins is HIS baby, when the baby is hungry, do you not feed it for 3-4 days because it is crying ... no you feed it, we need info(food) on what the damn plan is.  Enough dilly dallying.  If the Dev has enough time to send a PM he has enough time to at least provide 1 friggen post stating, " I am here, I am alive and I do have a plan "  we don't even have that for crying out loud.  I feel bad that he possibly got robbed but in a sense he is robbing from hundreds of other investors by letting this debate fester.  He is not robbing them physically but morally he should be more active than recently. 

[matoy]

people, instead of writing a lot to say nothing,
instead of saying we should do that or that,
instead of saying that the dev mustn't take decision alone,
instead of saying that's the coin of a community and that the community has to be unified,
let's vote and see what's THE REAL CAT COMMUNITY WANTS.

http://www.catcoinforum.com/showthread.php?tid=249
Vote now for Yes or No.

(then we'll fork).

[kuroman]

people, instead of writing a lot to say nothing,
instead of saying we should do that or that,
instead of saying that the dev mustn't take decision alone,
instead of saying that's the coin of a community and that the community has to be unified,
let's vote and see what's THE REAL CAT COMMUNITY WANTS.

http://www.catcoinforum.com/showthread.php?tid=249
Vote now for Yes or No.

(then we'll fork).

How voting on the forums of a person that isn't neutral about forking makes sense? he's been promoting forking for 2 days now it doesn't make sense at all, you want to make a pool make it here so we people that aren't as influenced can vote.

[NyanCat]

https://bitcointalk.org/index.php?action=profile;u=12229

Last Active: January 02, 2014, 10:14:37 PM

Developer is a young 22-years-old boy. At this age not everyone is responsible. How could you gave your money to that kind of person? He does not care what is going on with his coin. He made money and run out.

[g4lt]

people, instead of writing a lot to say nothing,
instead of saying we should do that or that,
instead of saying that the dev mustn't take decision alone,
instead of saying that's the coin of a community and that the community has to be unified,
let's vote and see what's THE REAL CAT COMMUNITY WANTS.

http://www.catcoinforum.com/showthread.php?tid=249
Vote now for Yes or No.

(then we'll fork).

how about we see the proposed fork code?

[envy2010]

Actually, that hasn't been determined AT ALL.  Lowering the diff MAY get the pumpndump miners back, but nobody's committed to mining with or without the fork.  Without hashrates in hand, we're just shooting blind here.  As for the hashrate, trust me, we all are WELL aware that nobody's mining and that confirmations are few and far between.  I'm just not sure that we need to get pushed into a fork to make pool miners that have already failed (ask yourself WHY a single miner was able to spike the diff, its because there's not enough mining at normal diffs to survive the attack) happy.  At this point in life, this is looking an AWFUL lot like a pig in a poke. 

I will throw 0.5 MH/s in for a week to get through the last blocks before a retarget once it's forked. But I won't waste my hash mining a dead coin until something is done.

Even with a fork to shorten the retarget, the coin is not going to be profitable enough for multipools to jump in for quite a while. Pump and dumps will happen, but leaving the current version just guarantees it will die.

[kisa2005]

The network will be fine though some fat cat miners may tell you otherwise because they like how much more money they make mining CAT at the present difficulty.

What real investors in CAT need is a reduction in supply. Most miners don't really care about supply and if we're being honest, most miners don't really care about this coin so long as they have somewhere else they can make more money. CAT isn't an investment for them, it is just a cost benefit analysis. Real CAT investors should welcome higher difficulty since with higher difficulty our CATS will become more valuable. Higher difficulty dictates higher value. The difficulty on Bitcoin keeps rising astronomically though people don't balk about that and complain that the algorithm should be changed.

So in summary, higher difficulty is a very good thing.

We need the extra difficulty... The market is completely flooded with dumping miners. The only way for prices to go up is for supply to be restricted. Since it is seemingly impossible to convince many CAT miners of this fact, the only way to end the present onslaught is to reduce the supply of new coins entering the market.

The harder these coins are to mine, the better. Less supply means higher prices for those who own them. More price means people will find it just as profitable or moreso to mine than it is at present.

Can the network become less stable, if miners leave after difficulty recalc? -> there is no guarantee yet the CAT new demand gets large enough to offset weak holders dumping for the next 64 days ...if the CAT price doesn't stabilize at higher level the difficulty could be a real risk. So the issue is perhaps to make the jump less dramatic.

thanks Reece for reflecting, highly appreciated!

and where are you now Reece? Even milking the CAT properly didn't work out, as there was no pump...

[Last1212]

Vote here https://bitcointalk.org/index.php?topic=397514.0

[Nullu]

I'm sorry guys, but this is just a mess now. Everyone's trying to do their own thing, and I have no idea what's going on anymore.

Either the dev comes back to sort this out over the next few days, or I'm investing my time elsewhere. He needs to be here for this. If the Dev isn't back by Monday at least with any sort of formal decision, then I can't invest my time any more. Without the Dev this coin doesn't stand a chance.

I don't want to be negative about this, because Catcoin has amazing potential to soar, but there's just no central drive to get this problem fixed. We're still arguing over the fork, when all he has to do is say if it's happening or not, and then we can focus our efforts based on that decision.

This all just FUD right now, and it's not good for Catcoin at all.

The coin is at 0.0005 BTC, so unless a form decision is made soon, it will all be too late. I know everyone means well, but all this confusion is making things worse.

[kisa2005]

The network will be fine though some fat cat miners may tell you otherwise because they like how much more money they make mining CAT at the present difficulty.

What real investors in CAT need is a reduction in supply. Most miners don't really care about supply and if we're being honest, most miners don't really care about this coin so long as they have somewhere else they can make more money. CAT isn't an investment for them, it is just a cost benefit analysis. Real CAT investors should welcome higher difficulty since with higher difficulty our CATS will become more valuable. Higher difficulty dictates higher value. The difficulty on Bitcoin keeps rising astronomically though people don't balk about that and complain that the algorithm should be changed.

So in summary, higher difficulty is a very good thing.

We need the extra difficulty... The market is completely flooded with dumping miners. The only way for prices to go up is for supply to be restricted. Since it is seemingly impossible to convince many CAT miners of this fact, the only way to end the present onslaught is to reduce the supply of new coins entering the market.

The harder these coins are to mine, the better. Less supply means higher prices for those who own them. More price means people will find it just as profitable or moreso to mine than it is at present.

Can the network become less stable, if miners leave after difficulty recalc? -> there is no guarantee yet the CAT new demand gets large enough to offset weak holders dumping for the next 64 days ...if the CAT price doesn't stabilize at higher level the difficulty could be a real risk. So the issue is perhaps to make the jump less dramatic.

thanks Reece for reflecting, highly appreciated!

You are contradicting yourself : In one hand you say that most Cat miners don't care and will jump boat if difficulty is high or rather revenue is low (much less coin with high difficulty and the price will not necessary rise and if it does it will not happen instantly which will push miners to leave) and on the other hand you say that it's good, if miners leaves the coin is as good as dead especially with 64 days for next difficulty adjustement.

Let me set things straight, if you are saying that I'm one of the big miners, then rest assured, I have less catcoins than 99% of the people here which is less 200cats, my hash rate is 300-400kh/s  so no you are totally wrong

Also no one is saying the difficulty should not increase, that's not even the point here, read previous comments, all we are saying is instead of a dramatic increase that might just kill the coin and you can flush your coins to the (toillet) computer bin it's better to have a more saistainable increase x1.5 to x2 sounds reasonnable, it will give a certain amount of time to people and prices to adjust smoothly and to have the next difficulty attainable in a reasonnable amout of time aswell (if the hash rate remains as high after, it will be a matter of a couple of weeks or even less

@CatCoinForums,
please look - if you promoted Kuromans views instead of promoting your forum, we wouldn't be in this situation. (and it would have been better for your forum in the end)

[zerodrama]

@CatCoinForums,
please look - if you promoted Kuromans views instead of promoting your forum, we wouldn't be in this situation. (and it would have been better for your forum in the end)

The catcoin channel debated this way before that. The proper voters are the catcoin users not the entire world.

Anyways, I have been against the fork in the past. I am now for it. The developer has come to the catcoin chat and agreed to drop the retarget rate to 36.

I will help with any issues that might come up.

THERE WILL BE FORK. THERE MAY OR MAY NOT BE DANIEL DAY-LEWIS. PROBABLY NOT.