Quote from: TheMightyX on May 12, 2014, 09:41:19 AM

Quote from: adamg on May 11, 2014, 03:58:04 PM

Quote from: TheMightyX on May 11, 2014, 08:49:34 AM

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.

I think dogecoin has already proven you incorrect on your opinion on "the wishy washy memes and donations to non-profits". To be blunt I find your posts offensive and immature to say the least. I have doubts about if you are the right person to lead the project.

The POS idea is inferior to mergemining with dogecoin for the reason that mergemining will gain community members from doge (both coins are similar which also needs to be taken into account) will be highly beneficial. The community and usage of the coin is what drives value/price.

I'm one of the top holders of kittehcoin and I'm not in favour of POS or POW over merge-mining.

I'm not sure why you think I'm offensive or immature. Dogecoin has proven nothing, since my comments were made long-after dogecoin had seen success. Or has Dogecoin done something super successful overnight that I don't know about? If I made that comment and then dogecoin became successful, then you would have had me Lips sealed

Anyway Dogecoin is not successful because of its memes. Dogecoin is successful because it was the first of its kind.
If dogecoin was released today, with its exact features and concept, it would flop. Just like bitcoin.
Early-mover advantage is huge.

Now these coins have early mover advantage but no long-term viability.
For example, early movers Primecoin (finding prime chains), Vertcoin (Adaptive Scrypt-N) and Quark (Quark algo) were the first of their kind. They have since fallen to the wayside, losing the majority of their relevance and value.

Pretending that Dogecoin's success was anything other than a random occurrence of the internet and it's love of the absurd is, well, absurd.
Dogecoin was not created by some marketing genius. It was a joke coin that took off partly due to the fact it was pushed and promoted heavily by 4chan and reddit. It will not happen again for a memecoin the novelty has worn off.

I don't think its safe to say that community and usage of a coin is what drives value/price. If you hadn't noticed most altcoins can't be "used" anywhere, for anything other than a few gambling sites and a few niche online stores. At this point all altcoins are speculative. And those with the most potential are speculated on the most. As a merged-mined coin kitteh has very little potential.

Why ever use kitteh if you get it for free from mining doge? If doge is the more valuable coin and its accepted at more places and has a bigger community; why not just sell the kitteh you get and buy more doge? Obviously the coin with the bigger community and better usage is a better investment?

Do you see? What is the point of holding both of these currencies? If kitteh doesn't aim to be better than doge, then it has no potential and by association it has no value.

If kitteh is merge-mined, it will always be "that free coin you get from mining your doge".
There will never be any point holding your kitteh, because kitteh will always be that secondary crap you get from mining your "good" coin. It will always be in the shadow of whatever it is merge-mined with.
It will never overcome whatever it is linked to, such is the nature of merged-mining. The host coin (doge in this case) stands to benefit the most.

I will let you in on a little secret: The actual purpose of merge-mining is to increase the hashrate and so reduce the amount of coins any one party receives from mining. This induces scarcity which in turn is expected to encourage the price to increase.

If you merge-mine a coin with equal hashrate, you are then doubling your coins hashrate (assuming you get that whole community to merge-mine your coin as well). This increases the difficulty, less coins to more people, price is expected to go up due to scarcity.

As a secondary effect it also reduces the effect of multi-pools (by how much is debatable).

One of the main problems is there are already so many Kittehcoins in existence that even if you were to stop the creation of any new coins, it would have a very small effect on the value of the market.

I'm sorry that you are not in favor of moving away from merged-mining AdamG. I'm not sure what else I can say to convince you. I hope you will put aside any bias you have towards me and listen to reason. Merged-mining is not going to be a blanket cure-all.

I hadn't given much thought to the living-in-the-shadow aspect that you brought up. I have to admit that makes a lot of sense. I've always felt that POS is the direction we should go but that pretty much settles the argument for me. People are starting to get pretty turned of by the waste involved in mining and it just makes sense.

That being said, Adam is correct in so far as it's not a new concept. If we go PoS we can't stop there. We need to innovate. Unfortunately I don't know what that would entail... hopefully some of the awesome people who believe in this project can come up with some bright ideas. The idea of a hybrid is interesitng but I'm not really sure how that would work considering those that I've seen just start with PoW and then transition to PoS for the remainder... and I think we've probably more than exhausted the amount we would want to mine in the PoW phase.