PoS is a possibility for Kitteh, but this doesn't fall in line with current merge-mining plans. There is a possibility of evaluating a hybrid PoS/PoW situation, but this would have to be very carefully tested if it was used for merge mining, to ensure its integrity and no potential exploits.
Kitteh is undergoing a very awkward restructuring at the moment, but there remains a plan for a hard fork soon(tm) to address the difficulty and reward issues. There are lots of ideas and other developments also occurring in the background. Our Kitteh twitter is alive and kicking.
All I can say for now is 'Watch This Space' ... let's get Kitteh to Neptune ?!
Kitteh is undergoing a very awkward restructuring at the moment, but there remains a plan for a hard fork soon(tm) to address the difficulty and reward issues. There are lots of ideas and other developments also occurring in the background. Our Kitteh twitter is alive and kicking.
All I can say for now is 'Watch This Space' ... let's get Kitteh to Neptune ?!
Hey Veremit!
Finally made a BCTalk account I see
Obviously switching to PoS would definitely cause a lot of work to be thrown away. A lot of effort has gone into the merged mining setup. Some people would not be happy with a switch. But I think the majority would be happy if their coins regained their value, regardless of what protocol, algorithm or system was implemented. I think pidgeonholing us to one specific thing, or idea is limiting and will do nothing except hold us back.
I heard an interesting comment about merged mining that equated my thoughts on merged-mining quite nicely:
My question for all of this is pretty simple: what exactly will MON do that we can't already do with VTC or any number of other coins? Basically, it's "get free MON while mining VTC", but the problem is that since MON is essentially free to mine it will always be worth far less than VTC. All you need to do to see what merged mining does for a coin is look at Namecoin, IxCoin, and DevCoin -- they have very high difficulty and coins are practically worthless, as you get them for free while mining BTC.
The point is this; Merged-mining helps secure the network, and that is great. But what else does it really do? There are other ways to secure the network (in fact with a PoS system you don't need to secure the network against 51% attacks).
As with MON and VTC, you get free MON from mining VTC, so why should MON hold any value?
The same argument can be said with MEOW. If we can get free MEOW from mining DOGE, what value can MEOW have? It will always be compared relative to whatever it is merge-mined with, and on a fraction of a scale (1/10th the value of doge is what we should strive for? no thanks!).
Merge-Mining is not a savior. In fact it has proven time and time again that it has no real benefit to any coin.
From a technical standpoint it is pretty ingenious, but from an economic standpoint it doesn't make sense.
It's time to cut the crap, all people want is their coins to be valuable, to not lose money, to be a part of something successful. How that really happens is irrelevant, isn't it?
It's time we decide that we will do whatever it takes to make that happen. And some wishy-washy memes and donations to non-profits is not going to bring kitteh back. Tough choices need to be made.