[ANN] Catcoin - Scrypt meow!

[dzsudzsu7]

For those who were lazy to calculate this. (It's based on the CoinWarz table, shortly before I wrote this post.)

http://img594.imageshack.us/img594/8051/aerw.png

What do you think will happen when panic sellers are out of CAT coins and there won't be any resupply from the quays-nonexistent miners?

The price will skyrocket and Orbán will be reelected.

[itsallpc]

For those who were lazy to calculate this. (It's based on the CoinWarz table, shortly before I wrote this post.)



What do you think will happen when panic sellers are out of CAT coins and there won't be any resupply from the quays-nonexistent miners?

The price will skyrocket and Orbán will be reelected.

Orbán will be Viktor


this coin is bad for your heart its like a yoyo

[dzsudzsu7]

For those who were lazy to calculate this. (It's based on the CoinWarz table, shortly before I wrote this post.)

http://img594.imageshack.us/img594/8051/aerw.png

What do you think will happen when panic sellers are out of CAT coins and there won't be any resupply from the quays-nonexistent miners?

The price will skyrocket and Orbán will be reelected.

Orbán will be Viktor


this coin is bad for your heart its like a yoyo

  how many Hungarians are reading this thread?

[chip99]

damn catcoin just keeping tanking. anyone know whats next difficulty and when ?

[janos666]

The price will skyrocket and Orbán will be reelected.

Haha. Nice one.

damn catcoin just keeping tanking. anyone know whats next difficulty and when ?

Probably 1.0 after 1.0 years.

[CatCoinForums]

Can't wait for these panic sellers to be gone! I want to see this catcoin rise! Buy these cheap catcoins fellow cats!

[tuchkov]

Welcome to CATPOOL.in

PPLNS, 0% fee, low minimum for automatic payments & quick confirmations...

• Our pool have no fees!
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• 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!

[crazy987]

1.4mhash back on teamcatcoin

[bcrypto]

1mh/s back on Coinium

[Mikellev]

And now get some hashes to http://cat.poolerino.com  0% fee and only 60 confirmations needed !

Thank you.

[mavis369]

Just bought 79 more coins, I had better stop now, I am not Rockefeller.
633 cats now.

9XSSow1eLhYpdNe3d9b3P7AwfPBx1GoHPq

[bcrypto]

How long until next difficulty jump?

[atheistftwins]

The following is why short of someone seriously manipulating the prices upward, CATcoin will continue its death spiral. There are many die hard optimists in this thread who don't use logic and invest purely based on emotion or some arbitrary libertarian ideal. Those people will say things along the lines of "The difficulty retarget and block times are perfect because it's the same as bitcoin" or "CAT is an alternative to bitcoin which is more decentralized and combats the increasing levels of bitcoin regulation by governments". In reality, however, CAT is not operating under the same environment as BTC and treating them the same is a mistake:

When BTC was this young, it was the first and only crypto out there. There was no option to mine other coins if the difficulty got too high or sites such as coinwarz which told you the most profitable coin to mine at any given time. Multipools did not exist and there wasn't even an exchange where people could trade the coins they mined that told them what is the market price at the time. Therefore the concept of a huge number of miners bringing difficulty up and then bailing when the difficulty has retargeted was not a big fear. Now that BTC has ASICs, this is even less of a concern since miners who own the ASICs can't do anything else with them. Even if the price tanks, as long as they earn more than the electricity costs, they will keep mining.

CAT does not have this luxury. CAT exists in an extremely competitive environment where it must attract both investors and miners from all the other altcoins, more of which come out every day. Saying CAT is fine just cause it's the same specs as BTC is ignorant and deluded. In the end, coin prices are determined by supply and demand. While supply is indeed shrinking due to the lack of miners, the unfortunate thing is the demand is also shrinking due to the extremely high block times. Many on this thread claim that promotion will fix the problem but last night I attempted to transfer some CAT and each confirmation took nearly 3 hours. Of course this is an unusually long time even for the current hash rate but it demonstrates just how bad the problem is. How do you promote such a crypto? Who will use a coin that takes this long to confirm? It's use even in a gambling site is questionable as it takes half an hour to send in your CAT and half an hour to retrieve your winnings. Why would you roll the dice with CAT when doge can do it in 2 minutes?

Unfortunately, I already know I am going to get reamed by the die hard CAT fanboys here for posting this but the points I make are still valid and nobody who has responded to my posts in the past have actually addressed my concerns with logical arguments. Of course it's still possible that through manipulation, CAT can recover through this current difficulty level as someone artificially raises the price. However, I am not willing to gamble on that chance and have sold all my CATs. Even if this happens, the cycle will just repeat itself again at the next retarget anyways.

In the past I have indicated that the only way to save CAT is a hard fork which decreases block times to 1 minute and changes difficulty retarget to roughly once every 24 hrs. This was received poorly by the community. Perhaps the community will be more willing to consider it once it takes 1-2hrs average for a block and the price is at 0.0002. Maybe then I'd be willing to reinvest in CAT again.

[Nullu]

Nobody here pretends to know how things will turn out for any crypto currency. After all, if we did, we'd all me millionaires, right?

As I said, if the value of Cat decreases below the average to a tipping point; 0.0005 BTC. Then we can discuss a Hard Fork. Right now it's wavering between 0.0007 and 0.0008. I'm all in favour of constructive ideas, but only when the indicators are clear. Right now they aren't.

[fredeq]

The following is why short of someone seriously manipulating the prices upward, CATcoin will continue its death spiral. There are many die hard optimists in this thread who don't use logic and invest purely based on emotion or some arbitrary libertarian ideal. Those people will say things along the lines of "The difficulty retarget and block times are perfect because it's the same as bitcoin" or "CAT is an alternative to bitcoin which is more decentralized and combats the increasing levels of bitcoin regulation by governments". In reality, however, CAT is not operating under the same environment as BTC and treating them the same is a mistake:

When BTC was this young, it was the first and only crypto out there. There was no option to mine other coins if the difficulty got too high or sites such as coinwarz which told you the most profitable coin to mine at any given time. Multipools did not exist and there wasn't even an exchange where people could trade the coins they mined that told them what is the market price at the time. Therefore the concept of a huge number of miners bringing difficulty up and then bailing when the difficulty has retargeted was not a big fear. Now that BTC has ASICs, this is even less of a concern since miners who own the ASICs can't do anything else with them. Even if the price tanks, as long as they earn more than the electricity costs, they will keep mining.

CAT does not have this luxury. CAT exists in an extremely competitive environment where it must attract both investors and miners from all the other altcoins, more of which come out every day. Saying CAT is fine just cause it's the same specs as BTC is ignorant and deluded. In the end, coin prices are determined by supply and demand. While supply is indeed shrinking due to the lack of miners, the unfortunate thing is the demand is also shrinking due to the extremely high block times. Many on this thread claim that promotion will fix the problem but last night I attempted to transfer some CAT and each confirmation took nearly 3 hours. Of course this is an unusually long time even for the current hash rate but it demonstrates just how bad the problem is. How do you promote such a crypto? Who will use a coin that takes this long to confirm? It's use even in a gambling site is questionable as it takes half an hour to send in your CAT and half an hour to retrieve your winnings. Why would you roll the dice with CAT when doge can do it in 2 minutes?

Unfortunately, I already know I am going to get reamed by the die hard CAT fanboys here for posting this but the points I make are still valid and nobody who has responded to my posts in the past have actually addressed my concerns with logical arguments. Of course it's still possible that through manipulation, CAT can recover through this current difficulty level as someone artificially raises the price. However, I am not willing to gamble on that chance and have sold all my CATs. Even if this happens, the cycle will just repeat itself again at the next retarget anyways.

In the past I have indicated that the only way to save CAT is a hard fork which decreases block times to 1 minute and changes difficulty retarget to roughly once every 24 hrs. This was received poorly by the community. Perhaps the community will be more willing to consider it once it takes 1-2hrs average for a block and the price is at 0.0002. Maybe then I'd be willing to reinvest in CAT again.

Exactly. Whole point of scrypt(LTC) was to be faster with confirms than BTC. And now we have slow scrypt. Why everyone thinks that we must copy diff retarget from btc? I am still holding my cats but people please, do nto just sit back and watch the retarget timer to grow and grow....

Waiting for 0.0005 then, hope not to see it 

[Zombie123]

I am holding some right now.. but not sure how much more I can take  

[rentarocker]

Hello all.  New to forum posting but have been reading them for quite some time.

I'm an investor with a stake in CAT interested in holding for the mid to long term.

Wrote a rather lengthy explanation as to why I believe CAT is highly undervalued (at least as a mid to long term investment) in the Newbie forum here:

https://bitcointalk.org/index.php?topic=395328.0

I also discuss why I think it best to consider CAT and DOGE as two sides of the same coin, in much the same manner as LTC to BTC.

Keep up the good discussions.  And keep holding CAT!

[lightfoot]

Well, the higher difficulty knocked me out of the running with my CPU miner, so I'll be not-mining for a bit. However I do think there is a place for a smaller value coin than bitcoin, the risk of screwing up a transaction in btc is amazing.

C

[savale]

Selling your CAT now and you will hit yourself within a few days. Time to buy though 

[BitchCoin]

It's painfully obvious that this coin is being attacked and suppressed. It was worth over a dollar USD mere days ago, now it's $0.55. From looking at the trade history on Crapsty you can see plain as day the level of manipulation going on here. Maybe whoever has seized this coin will make it boom, or maybe their goal is to kill it. We'll find out over the next few days...

What a clusterfuck we got ourselves into.