Quote from: Reece523 on January 03, 2014, 04:23:43 AM

I think that's a very nice suggestion. Even 5 million would take a very long time to reach since we were only seeing around 30K CATS per day before the difficulty increase. Food for thought: For the price per coin to maintain itself, CAT would have to have a 21x greater market cap by the time there are 21 million coins. That is the problem presently plaguing DOGE -- note how the CoinMarketCap.com data does not accurately reflect the experience of DOGE investors, most of whom will have lost money if they invested in DOGE post-Cryptsy.

Quote from: Mooshi on January 03, 2014, 04:16:16 AM

Quote from: zerodrama on January 03, 2014, 04:05:18 AM

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Quote from: Reece523 on January 03, 2014, 03:53:14 AM

Pump and dumpers buy when the price is low. The price is not low at present, it is what the market is prepared to pay for a coin that is about to be forked. The price honestly seems too high to me. There is a ton of resistance before 0.0007, so what is the purpose in paying 0.0006+? If you want in on CATS, you might as well do your part to help prices crash and let everyone who wants out undercut each other. Then when the fork happens, people who genuinely believe in CAT will have CATS and people who don't won't. That is how prices are going to rise, not by discouraging nonbelievers from selling by artificially raising the price now.

I'd be fine with a fork to fix the retargeting issue, but I'm mostly suggesting to people supporting the Bitcoin-in-scrypt idea. If you like the idea, support it by investing in it. Either with hash, or by buying to raise the profitability. You would not need a huge buy order, just bump the price in the right direction. Pump-and-dumpers do it all the time, so don't tell me that it's impossible.

Pump and dumpers create meaningless prices.

If it forks without the BTC specs, it's dead. You might have a 6 hour retarget, which means you'll have bigger problems in the future from ADHD users who stuck around and will dump much harder when it gains its true value.

Either way, who wants a coin driven by a bipolar mining swarm? Seriously.

There are other alt coins doing just fine without being a direct clone of BTC that this comment is completely moot.

Maybe CAT can go the BitBar route and rethink the theoretical max coin amount. It's 21mil, yes? Since the target is already intense, maybe dropping the max will help value rise. While it's below CAT, BitBar are worth 40usd+ a piece. If CAT went from 21mil to maybe 5mil or whatever is agreed upon, value will rise. Anything rare gets more value by default.

Oh boy, you're right about DOGE. It had a huge hype train to ride on, but after that died down a bit, people were on to it with the crazy amount of coins. Cat has bad difficulty and low marketcap working against it. This is turning people away and making the value suffer. If the max amount of coins are lowered, that would at least help the value some I think. I wonder if the dev will be ok with this because 21mil max coins at this rate seems like a bad idea.