Catcoin Fork Status from Etblvu1
3. Algorithm. There have been multiple algorithms proposed for implementing a solution (gravity well, loyalty credit, llacca, and simple moving average with limit). Through a particular decision-making method, a decision was reached to implement the simple moving average with 12% limit as the solution in behalf of the Catcoin community.
This is true, the majority of the group wished to compromise on a relatively simple but ultimately safe and likely effective solution. We develop it easily and test it just as easily, while the other algorithms were far more demanding both time and skill wise.
You shouldn't take the simplest. You should take the best one which already proved to work in other coins.
Times for alt coins won't become simpler once the scrypt asics get into this game.
A moveing average is something that is always delayed. With or without limit you will pay in difficulty everytime a pool-hope jumps in.
I rather liked if you considered to fix it right once and for all.
Certainly retargeting after each block and averaging is already a lot better than what it is now. But will that hold for the future?
I have my doubts.
Great, I agree that it's not perfect. So what's your suggestion then?
Everybody has been super quick to say the idea isn't perfect. Of course it's not! None of the solutions are! What' I'm not seeing is people lining up out the door with solutions that are fairly straightforward to implement and actually address the problem. I realize an SMA is delayed, but that beats the alternative of having the diff jumpy as shit if we didn't average it out. We arguably could reduce the SMA to 18 or 12 blocks to make the coin more reactive, and the 12% would still provide the smoothing necessary, but for the most part, it's been a small core group of us working on this, and very few ideas that are short-term friendly (ie. not llacca or gravity wells or loyalty credits) and don't fundamentally alter the coin that everybody signed up for! I'm not sure else how to get the community involved in this process rather than simply telling us our ideas suck and not providing anything reasonable as an alternative. It's fucking frustrating.
If you guys have a better suggestion then by all means we're all ears, I'd much rather implement a permanent fix. But I have to say this: This coin does not currently have the life left in it to survive what would likely be a several month development/deployment process to properly test some of the more complex solutions. Please for the sake of CAT, either put up some ideas, or support one of the already proposed solutions.
Oh, and Etbluv1, I wouldn't even suggest calling what I said baseless, because I can show you 20 or so term length papers you wrote about how your idea was better than everyone else's. To the point that it made a lot of us red in the face to read YET ANOTHER insanely long post. If you want different representation for this coin, be my guest, but I will not stand here and be called a liar in front of everybody, when the majority of the community has supported my position on you in various ways over the past several weeks. I'm aware you hold 40K CAT, which means your motivation in this is almost entirely financial. If you wanna dev this fucking coin, be my guest, but I guarantee you you'll kill it with the ideas you've presented. They are impractical, and more importantly will take too long to implement. Time we don't have currently. Good day, sir.