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/Catcoinsorry, speculators dug you into this hole. wait it out.
THE WAIT IS 90 minutes * 2016 = 181440 minutes / 60 = 3024 hours / 24 = 126 days.
Wait it out. LOL.
it took bitcoin more than 126 days to reach $0.05USD.
you rode the express train up, and now you're LOL you have to 'wait it out'?
you support my argument that sustainable, long-term growth in the currency is not what most people want.
after the fork, the catcoin community will see a small jump in the price, then this investor type will jump ship for the next profitable coin.
No. The investors will stay. The
pump and dumpers will go. Once the coin's difficulty can change more quickly based on the hashrate, the coin's value will be more directly proportional to the difficulty; if the value goes down, THE COIN BECOMES EASIER TO MINE. Right now this isn't possible. After the fork it will be.
We're stuck because we can't get out of the current difficulty. If the coin does lose value, because of the change after the fork it will become profitable to mine, which then brings back more hashpower, more miners, and the value goes back up.