Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Catcoin - Scrypt meow!
by
ubermoose
on 03/01/2014, 19:14:49 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.  

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!   your own self-fulfilling prophecy.

I would maybe get what you're saying if we were about to change block rewards or something else which would affect coin supply and therefore coin value. Fixing the retarget time is just adjusting to the glaring block time issue, which was showing before there was any talk about a fork. This was brought up because of the issues, not the other way around.