Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Catcoin - Scrypt meow! - FORK COMING AT BLOCK 20290 PLEASE ENTER AND READ!
by
Maverickthenoob
on 06/01/2014, 03:07:31 UTC
I don't see how this could have been avoided. Hindsight is a wonderful thing, but the coin was suffering a slow death due to a ridiculous difficulty wall that we would have never climbed had the fork not taken place. The coin was already at 0.0005 just before the fork. Now it's at 0.00033. It was bound to drop due to the next dump.

we should have taken a week to talk about it, and had plans in place to keep all of the pools in step.  2 days, as Janos0666 pointed out, was not long enough time to address some major concerns about the fork.

even i'm now agreeing the fork was ultimately necessary.  what i am disagreeing with is how quickly it occurred. No foresight was needed for this observation of unease from a silent majority.  if we had even taken 5 days to discuss options and make plans we'd have been better off. 





I'm not exactly sure whet there was to talk about exactly,. We were losing like 35% of network hash per day. PER DAY. Does you think catcoin would have survived another week at that rate? Hindsight is 20-20 but you guys are delusional if you think that immediate action wasn't necessary.



Also, the fork was yesterday. Calm Down. I think this point needs emphasizing, one sec:



THE. FORK. WAS. YESTERDAY.           CALM.              DOWN.




Most of the coins are down like 50%+, the fact that catcoin is still alive and lost only roughly 0.00015-0.0002 (~20%-25%) from pre-fork prices (~0.0005-0.00055 BTC) should tell you that we actually did OK. You guys need to calm down and let the market react too. The difficulty will adjust is 3 blocks, that should breathe some more hash onto the network as well, and the swings shouldn't be so violent now. Stop being so ADD and hold out a little bit. Trust me on this.

Source: I have ADD. Calm Down.