Just discovered CAT - but what's with the insane difficulty and the projected drop after "only" >1900 blocks? Is this some joke or a pre-mined crapcoin? And who would be dumb enough to burn GPU power on this?
No, it wasn't premined. It's based on Bitcoin, but with Scrypt instead of SHA-256, so the difficulty went up quickly. Because some of the early miners still have quite a few CAT, they're screwing with the market prices and prevented it from being as profitable as it should be, so it's not got the hashing power it should have.