Re: [ANN] Catcoin - NEW THREAD - FORK INCOMING AT BLOCK 21346

Quote from: kuroman on February 03, 2014, 05:54:03 PM

I'm sorry but this is totally wrong!, while at diff 108 we spent much "time" it was only a cycle of 36 blocks!and with the next cycle it should have been fixed and we started 21346 and we are right now at 21680 which is 334 blocks which is 9 cycles + , the solution doesn't work properly, as I've shown before. it will always be the same story, a symetrical solution (diff rise and decrease) won't work it will keep reacting the same way over and over again, 12% 6% 2% 20% won't do anything other than, making the cycle longer (flatter) or shorter / per 36 blocks, in fact and in worst case scenario, due to a lower number the diff will just keep decreasing in a much longer periode of time (if in the 36 blocks we don't reach block target time that is)

Kuroman, I like the analysis you've provided in the past. I understand what you're saying about our cycles here and think I can help build a bridge between you and Mav. It's important, first, to remember that this fork was not intended to be a 100% solution. It could have been with a bit more time (or less wasted time dealing with trolls) but we didn't have the time available. This is designed to get us moving and to make sure we never got stuck too high or too low again. As Mav has said multiple times in various venues, this is at best an 80% solution. We CAN stay here for months and ride the waves - we'll be alive, we'll be attracting enough miners, and end-users can actually start using the coin. This gives us a working platform the PR team can work from - and they're kicking ass!

Yes - we can and will do better! And now, because of this fork, we have plenty of time to create a 100% solution without having a gun to our heads.

A quick additional comment - we know from our testnet work that this algo WILL converge and stabilize. We didn't have that before. Wink

Also - keep in mind that in conjunction with this fork we also got a significant endorsement from the Oprah Winfrey empire - I'll guarantee you that we didn't see that coming. Cheesy

I hope you and envy will continue to work towards the long-term goal of getting CAT to Mars. Cool

Andy