Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Catcoin - Scrypt meow!
by
janos666
on 09/01/2014, 01:14:07 UTC
Literally the only thing fucking with us are the large hashrate coin jumpers.

And that's because in the current situation, it seems like it's the coin which have to adapt to the market to be profitable for miners.
It's not like we have a coin with it's fixed specs and the market must accept a certain price which makes it profitable for the miners to generate the coin supply.
It's the coin micromanagement, which tries to adjust the coin parameters to adapt to the current (floating average) market price.

But there is a huge flaw in this system because the price isn't stable and it aims ~0 because investors like cheap coins. So, if you make it easier to mine, the price just goes down again, and so on...


By the way, keeping the difficulty artificially lower is technically the same thing as increasing the block reward. (And this can also inflate the existing coins further, just like the last adjustment.)


It seems like CAT thought it has several spare lives anyway, so it can start from BTC specs and then walk the way of the succeeding altcoins step by step. Yesterday lower retarget time, today milder diff adjustment, tomorrow a bigger coin supply to fix the problem caused by the increased reward... as long as we reinvent DOGE. We could just start with a 1:1 DOGE copy-paste. It would have been so much easier. Grin