Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Catcoin - Scrypt meow!
by
kalus
on 03/01/2014, 19:03:13 UTC
it is fucked now if we don't fix the retarget. Blocks should be mined at 10 minutes a block on average. Right now it's getting to 90 mins and more.

proof here, just look at the blocktimes: http://catchain.info/chain/Catcoin
sorry, speculators dug you into this hole. wait it out.  

i remember from the getgo, people felt the blocktime and difficulty targets created scarcity that drove the price of the coin up.  now we're saying it's the flaw in the currency?

everyone got into catcoin agreed on the protocol, retargets, block times, reward schedules, and total number of coins.  We all went through the information provided, and agreed this was the common protocol we would use.  

now that there is money in catcoin, a small, but vocal minority want to change catcoin to benefit themselves financially, under the guise of 'we must fix the retarget'.  essentially, changing the rules everyone agreed on when they got into catcoin.

if everyone was so concerned about a fucked up retarget, we should have talked about that BEFORE the fucking coin was launched.  

please note:  catcoin blocktimes are in the shitter because for a miner,THERE IS NO FUCKING POINT to mine a currency that is to be FORKED in a day!   the catcoin community has created its own self-fulfilling prophecy.

In effect, discussions about changing the fundamental operation of catcoin currency has essentially brought a small, normal market dip to the precipice.  stating the catcoin is broken has also wrecked the market confidence for both speculators and miners.