Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Catcoin - Scrypt meow!
by
vondi1122
on 02/01/2014, 22:10:04 UTC
To keep things in perspective, some posting here make it sound like CAT is the only coin to be losing value in relation to BTC. Not long ago, DOGE was trading at .00000150, then it was at .00000100, then it was at .00000070, and just yesterday it was at .0000055. Now, it's trading at .0000045. If you think having one million CATs out there (and increasing at the rate of about 700-1000 CATs per day) causes dumping problems due to sheer volume of coins, think about what the dumping potential is for DOGE, and look at what the prices are doing. I think CAT is in better shape than DOGE despite temporary "profitability" of DOGE. DOGE is selling out its soul and long-term prospects, in order to get temporary hashing power. That is definitely not the strategy to emulate for any altcoin. We need a strategy to obtain and keep a reasonable hash rate, at a reasonable profitability level sufficient to keep loyal miners funded, while keeping out the mercenary types who are only interested in split-second momentary profits. The hasher-dumper does not mine Litecoins, and if that situation is good enough for Litecoins, it should be good enough for Catcoins too.

+1 but how can we lower the block time avg, 36 minutes 46 seconds is just too high.

Ok, we also need protection against gigahash pools jumping in at low difficulties, how can this be done?