[ANN] Catcoin - Scrypt meow!

[kuroman]

Go to http://www.youtube.com/results?search_sort=video_view_count&search_query=cats
Click on the top cat videos and vote my comment up, we can do this!

Great Idea, lets do this (depending on the location people might not get the same video at the top of the ranking) maybe posting a list of said videos? but yeah lets this Everyone please upvote catcoin messages on those videos

[LeoC]

https://bitcointalk.org/index.php?topic=407854.msg4420352#msg4420352

[lightfoot]

Weird. New Wallet won't sync past 4 days ago. Is there another patch needed?

C

Press the help button, go to debug, then console tab.

Type (without quotes , press enter after each command) "addnode eu.coinium.org add", "addnode us.coinium.org add", "addnode teamcatcoin.com add".

If that doesn't work, and your in windows 7, type back here and we can try a couple more things.

Done. No go. It's the 0.8.2 wallet, right, and 8 nodes connected.

Hm.

[Maverickthenoob]

Weird. New Wallet won't sync past 4 days ago. Is there another patch needed?

C

Press the help button, go to debug, then console tab.

Type (without quotes , press enter after each command) "addnode eu.coinium.org add", "addnode us.coinium.org add", "addnode teamcatcoin.com add".

If that doesn't work, and your in windows 7, type back here and we can try a couple more things.

Done. No go. It's the 0.8.2 wallet, right, and 8 nodes connected.

Hm.

http://www.catcoin.pw/catcoin-0.8.7.0-win32-setup.exe


0.8.7.0. The one in the OP. update the wallet. then run it, if you unzipped your original wallet, the installer installs somewhere different. Make sure you're running from the correct location. If it's still stuck on block 20290 after that. Let us know.

[etblvu1]

steep price rises could be dangerous for the coin if it attracts dumpers but there are no new buyers... then price will fall back to the same level, and people who bought will feel at loss...
 
why should we invest on doubling the price now?
wouldn't this attract multipools to CAT who start dumping?
how would this affect coin survival prospects as there are no users yet outside this community?

Yes, this is a good point. We are not set up to properly handle steep price rises. We should not invite steep and sudden price rises, because right now the coin codebase is designed to quench such an event with a period of massive inflation through rise in profitability, which in turn would lead to a severe further correction down the line. Some proposals for another fork appears to be to extend such an inflationary period to turn a crash from being a high likelyhood into being almost a certainty - in my opinion not an improvement. Eventually we should have the code in such a shape that we can welcome a sharp and sudden rise in value (not that there would be guarantees it would stay high after that, but it helps if the event is not followed by a sudden influx of miner-dumpers who get rewarded immediately upon switching their mining equipment). It would be good to avoid going through yet another rushed fork which is not well thought out, because at some indeterminate number of forks, there is risk of exchanges pulling support due to hassle of repeatedly having to install new versions. Maybe if we we can get CATs going up in value (but gradually!) to where exchanges would put up with occasional fork hassle without considering dropping support, that would be a better time to introduce a fork.

The best thing for now on the technical side is probably to coordinate hashing power to avoid having profitability drop below LTC if we can avoid it, and also, at the same time, have it avoid getting to or near the very top of the profitability charts. There is also a slowly improving ratio of mined coins to max coin supply. This mitigates the potential of massive inflation, by making that inflation a smaller portion of the current coin supply, possibly leading to a less drastic effect. So there is some benefit to biding time.

On the marketing side, it would be nice to leverage the desirable cat meme to get some cat-oriented pet food stores, vets, charities, etc. to accept CATs even if it means they immediately dump it on the market after accepting it (probably a worthwhile tradeoff). This could be as simple as someone calling up the humane society or similar organizations and volunteering to set them up to accept this new type of donations, to be  followed up by press releases. I am somewhat leery of press attention for fear the coinbase is not fully up to the task, but DOGE did not die from press attention, so it might be alright. And hope the codebase does not add small, rigid limits to difficulty adjustments, because  then it would be less able to handle immediate and sudden press attention.

If we find a major financial support, beyond just buying-and-holding, there is benefit to the market maker function. This means in our case someone (or multiples of someones) keeping a sizable amount of BTC's and CAT's in one or more exchanges, and putting up a large bid offer, and a large ask offer, with a small-ish spread - and adjusting the positioning based on one or the other deteriorating over time. This could be done by coding and exchange API's. As long as this pair is positioned pretty close to where the market has been wanting to be anyway, it has the effect of stabilizing price spikes - and the market maker makes ongoing profits to compensate for risk (because of the closely spaced spread between the buy wall and sell walls). Even a smaller player can try to play market maker, but it's easier for the market to break out of one of the walls, and you end up holding all or all BTC's and you are out of the market making function at least until you can transfer in some more.

Etblvu1

[lightfoot]

0.8.7.0. The one in the OP. update the wallet. then run it, if you unzipped your original wallet, the installer installs somewhere different. Make sure you're running from the correct location. If it's still stuck on block 20290 after that. Let us know.

That did it, thought I had the latest. Now to get my coin from catpool.in

[LeoC]

Once we get past the annoying autosellers we should rise.

[etblvu1]

Once we get past the annoying autosellers we should rise.

You know, the auto-sell functions are really auto-buy functions in favor of BTC's. It seems like unless they are intentionally trying to support BTC's at the expense of alts, they should implement a reciprocal auto-buy function, so for example, if you dump DOGE and set it to auto-sell/auto-buy, it could convert to BTC, then automatically convert to CAT.

Etblvu1

[LeoC]

Guess what I just noticed. We aren't on this list at all:

https://bitcointalk.org/index.php?topic=134179.0

This is the #1 sticky with a crazy amount of views and is probably a go to source for many people.
PM the author so that we can get cat up on this list.

I sent him this:

Please add CATcoin to the list.

Touting itself as the Scrypt version of Bitcoin with absolutely zero pre-mine and based on the beloved cat memes.
Harder to mine than most other coins since it shares the same specs as Bitcoin.

360 page thread on Catcoin @ https://bitcointalk.org/index.php?topic=380130.0
Average 25 BTC volume on Cryptsy @ https://www.cryptsy.com/markets/view/136

Please consider.

[Crypto Currency!]

I'm doing a Catcoin giveaway in my forum, if you could add my link in your ANN thread first post i will be really glad


http://cryptocoinboard.org/Thread-Free-Catcoin-Giveaways

 

[LeoC]

Do me a favor and downvote this douchebag: https://bitcointalk.org/index.php?action=trust;u=187625
He is trying to trash CAT!

[etblvu1]

Do me a favor and downvote this douchebag: https://bitcointalk.org/index.php?action=trust;u=187625
He is trying to trash CAT!

Evidence?

[LeoC]

https://bitcointalk.org/index.php?topic=407854.msg4423294#msg4423294

Typical dogecoin supporter and coin jumper. Judging by the way he types hes no older than 16 either.

[etblvu1]

https://bitcointalk.org/index.php?topic=407854.msg4423294#msg4423294

Typical dogecoin supporter and coin jumper. Judging by the way he types hes no older than 16 either.

I read through the exchange of messages at the thread you point out, and it looks like a spirited debate with some things said that are probably outside the bounds of polite debate, but falls short of what I would consider an intentionally malicious attempt to cause Catcoin to fail. Any other evidence?

[LeoC]

Nope just that, but I just realized that trust is only for traders so even if I had more, nothing to be done there. Anyways down we go, seems no one is interested in keeping this sinking ship afloat.

[Reece523]

Whoever has the 17k sell wall is clearly the same person who has the 7k bid at 30. Just a heads up for everyone. Probably not the best time to buy when he is in a dumping mood. If someone sells him 7k at 30, I expect his price will go down in a real hurry on his 17k since he won't have anything left to artificially inflate the market with. The going rate is most clearly not 30 right now and only looks that way because of his pathetic attempt to get his CATs sold. Only a novice trader or incompetent whale would be buying that kind of CAT quantity for short term speculation in the present climate.

[LeoC]

I'd kill to have my 10 btc clear right now
Lol why did you mark me as a scammer, when did I ever scam anyone.
Seems the bashers are out in full force.

Confirmed CAT bashers/trolls are :
Reece523
Kalus

[Reece523]

I guess that means prices are going to rise soon...  

You should buy another 17k before they do.

[LeoC]

Since when does using my hard earned money to buy and support CAT turn me into a scammer.
Seriously gtfo. I've lost more on CAT than probably anyone on this thread.

[RickJamesBTC]

Are all of you cat investors 10? wtf is going on in here. You both give each other negative trust for being dicks in a thread?

Also, leo, wtf were you thinking.