Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Catcoin - Scrypt meow!
by
LeoC
on 09/01/2014, 00:02:01 UTC
No, the problem is neither the coin jumpers themselves, nor how the coding reacts to the coin jumpers. The coin jumpers are not a given. The problem is that the code specifically rewards coin jumper behavior, which creates the coin jumpers who are actually just people responding to incentive to try to maximize profits - and seen this way - who can blame them. If coin jumping is specifically rendered unprofitable, by implementing strategic coding changes, then by definition, profit-seeking behavior would no longer involve coin hopping into and out of Catcoins (or else they would be jumping in and out of mining for uneconomic reasons, and there is no evidence people who do this are a significant factor in what we are suffering). I submit that this is exactly an accurate model of how incentives cause coin jumping, which in turn cause wild difficulty fluctuations. Without fixing incentives, coin jumpers will continue to seek "maximum profits" by means of jumping in and out of Catcoin mining, which is a different modality from choosing the coin and mining it over an extended duration. This in turn must inherently must destabilize the difficulty levels of the coin. It is a very simple cause-and-effect chain.

Those mean the same thing, so is the coding a problem or not? Seriously dude, leave this conversation to the adults.
In your "system" we would outright ban anyone looking to make a profit. That's dumb on so many levels. Almost as dumb as the loyalty system.
Meanwhile in the system that we have been talking about, profit miners will be allowed to mine and have an incentive to mine, but would not destabilize the currency, which is a far superior method.
There is no way to combat coin jumping unless EVERY single altcoin got together and created some impossibly difficult shared code to prevent people from doing so.

Hozer lets implement your system before this thread gets ultra derailed with pointless theorycrafting. I've got over 10k coins, I'm the last person who would want to this drop further.