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Showing 20 of 37 results by Mooshi
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Board Announcements (Altcoins)
Re: [ANN] Catcoin - Scrypt meow!
by
Mooshi
on 03/01/2014, 07:45:50 UTC
I think that's a very nice suggestion. Even 5 million would take a very long time to reach since we were only seeing around 30K CATS per day before the difficulty increase. Food for thought: For the price per coin to maintain itself, CAT would have to have a 21x greater market cap by the time there are 21 million coins. That is the problem presently plaguing DOGE -- note how the CoinMarketCap.com data does not accurately reflect the experience of DOGE investors, most of whom will have lost money if they invested in DOGE post-Cryptsy.  

Quote
Pump and dumpers buy when the price is low. The price is not low at present, it is what the market is prepared to pay for a coin that is about to be forked. The price honestly seems too high to me. There is a ton of resistance before 0.0007, so what is the purpose in paying 0.0006+? If you want in on CATS, you might as well do your part to help prices crash and let everyone who wants out undercut each other. Then when the fork happens, people who genuinely believe in CAT will have CATS and people who don't won't. That is how prices are going to rise, not by discouraging nonbelievers from selling by artificially raising the price now.

I'd be fine with a fork to fix the retargeting issue, but I'm mostly suggesting to people supporting the Bitcoin-in-scrypt idea. If you like the idea, support it by investing in it. Either with hash, or by buying to raise the profitability. You would not need a huge buy order, just bump the price in the right direction. Pump-and-dumpers do it all the time, so don't tell me that it's impossible.

Pump and dumpers create meaningless prices.

If it forks without the BTC specs, it's dead. You might have a 6 hour retarget, which means you'll have bigger problems in the future from ADHD users who stuck around and will dump much harder when it gains its true value.

Either way, who wants a coin driven by a bipolar mining swarm? Seriously.

There are other alt coins doing just fine without being a direct clone of BTC that this comment is completely moot.

Maybe CAT can go the BitBar route and rethink the theoretical max coin amount. It's 21mil, yes? Since the target is already intense, maybe dropping the max will help value rise. While it's below CAT, BitBar are worth 40usd+ a piece. If CAT went from 21mil to maybe 5mil or whatever is agreed upon, value will rise. Anything rare gets more value by default.

Oh boy, you're right about DOGE. It had a huge hype train to ride on, but after that died down a bit, people were on to it with the crazy amount of coins. Cat has bad difficulty and low marketcap working against it. This is turning people away and making the value suffer. If the max amount of coins are lowered, that would at least help the value some I think. I wonder if the dev will be ok with this because 21mil max coins at this rate seems like a bad idea.
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Board Announcements (Altcoins)
Re: [ANN] Catcoin - Scrypt meow!
by
Mooshi
on 03/01/2014, 04:16:16 UTC
Quote
Pump and dumpers buy when the price is low. The price is not low at present, it is what the market is prepared to pay for a coin that is about to be forked. The price honestly seems too high to me. There is a ton of resistance before 0.0007, so what is the purpose in paying 0.0006+? If you want in on CATS, you might as well do your part to help prices crash and let everyone who wants out undercut each other. Then when the fork happens, people who genuinely believe in CAT will have CATS and people who don't won't. That is how prices are going to rise, not by discouraging nonbelievers from selling by artificially raising the price now.

I'd be fine with a fork to fix the retargeting issue, but I'm mostly suggesting to people supporting the Bitcoin-in-scrypt idea. If you like the idea, support it by investing in it. Either with hash, or by buying to raise the profitability. You would not need a huge buy order, just bump the price in the right direction. Pump-and-dumpers do it all the time, so don't tell me that it's impossible.

Pump and dumpers create meaningless prices.

If it forks without the BTC specs, it's dead. You might have a 6 hour retarget, which means you'll have bigger problems in the future from ADHD users who stuck around and will dump much harder when it gains its true value.

Either way, who wants a coin driven by a bipolar mining swarm? Seriously.

There are other alt coins doing just fine without being a direct clone of BTC that this comment is completely moot.

Maybe CAT can go the BitBar route and rethink the theoretical max coin amount. It's 21mil, yes? Since the target is already intense, maybe dropping the max will help value rise. While it's below CAT, BitBar are worth 40usd+ a piece. If CAT went from 21mil to maybe 5mil or whatever is agreed upon, value will rise. Anything rare gets more value by default.
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Board Announcements (Altcoins)
Re: [ANN] Catcoin - Scrypt meow!
by
Mooshi
on 30/12/2013, 20:05:27 UTC
How many CAT do you think I can get with 35,533 DOGE?
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Board Announcements (Altcoins)
Re: [ANN] Catcoin - Scrypt meow!
by
Mooshi
on 29/12/2013, 01:10:53 UTC
Who pooped on the PR train? I just checked their value and they dropped from 71cents to 21c!
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Board Announcements (Altcoins)
Re: [ANN] Catcoin - Scrypt meow!
by
Mooshi
on 28/12/2013, 19:03:19 UTC
Why wouldn't Catcoin be so high? Catcoin was trading at 0.001 since... almost the beginning minus a dip when it first got added to CoinedUp.com.
Trust me, it'll be a lot higher soon when it gets added to Cryptsy. Smiley

why the hell is catcoin so high?

Some desperados sold me Cheesy 0,0004 BTC and 400Dogs their cats Cheesy.
I have tried mined it and wieth 2khs ~25 a day Smiley while ~25k Dogs is normal.
Beautiful time that was at biginig of coinedup nest burst will be Cryptsy Smiley.
Before relase people trying buy 500~2Btc = 1cat = 0,04Btc so u see peaople were willing pay that price for this coin.
U can be shocked when it hits 0,01 Btc on cryptsy.
Why just becouse peaople are minig them 50 per 10min block so suply is much tinner that eg. Doge
it can cause Boom at start like with Doge.
I believe in that Smiley. And free CAT's on coinedup are gone.
In long priod of time it can meet with price of Anoncoin so about 0,006 BTC.(Anoncoin 4,2mil Cats 2,1)
What future will bring we will see can be very interesting.

I completely loathe the idea of an Anoncoin let alone its existance. I want CAT to dominate!  Smiley
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Board Announcements (Altcoins)
Re: [ANN] Catcoin - Scrypt meow!
by
Mooshi
on 28/12/2013, 18:17:10 UTC
Earthcoin is trading for more than Catcoin on CoinMarketCap.com... Absolutely Ridiculous.
I guess I'll repost this since some noobs clearly missed it the first time around...

There are more DOGES being mined in ONE HOUR than there will be CATS ever.

This coin should easily hit a 10 Million + market cap. I know this coin will not reach it's full potential until it is on Cryptsy. DOGE was trading at < 2 million before it got listed on Cryptsy and look at it now... And don't forget:

There are more DOGES being mined in ONE HOUR than there will be CATS ever.

^^

As if that doesn't put downward pressure on prices!


Maybe if we say it nine times it'll click for the noobs still selling at 0.001...

It's only a matter of time before it's on Cryptsy and then you can say goodbye to 0.001 forever.

That lame rip off of the Internet Explorer logo is trading more..what a load of BS!
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Re: [ANN][WUBS] DubstepCoin - WUBWUBWUB
by
Mooshi
on 28/12/2013, 16:19:58 UTC
Eh...why not?

I was harsh on this coin in another thread because the OP image was pretty bad. If this thing looked like an actual speaker cone instead, it'd look a million times better. Shoot, I'll mine for fun.  Tongue
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Topic
Board Altcoin Discussion
Re: Tips For Launching a New Coin
by
Mooshi
on 28/12/2013, 15:50:00 UTC
After watching several new alt coins launch and die over the past year I thought I would offer some suggestions & insights to future developers.

1) Be Innovative
There are 10,00 Litecoin & Bitcoin clones out there, or at least is seems like it. If you are not bringing something new to the table then why even bother? This doesn't always have to be a technical innovation as I would argue Doge brought to us a lesson in crypto mass psychology. People don't like looking in their BTC wallet and seeing they have  0.000189 BTC. They want to see they have 189,000 Doge, Litecoin, Bitcoin or whatever it may be. Our brains are not used to calculating monetary transactions to 6 decimal places. This is why I think coins with billions of coins could surpass Bitcoin one day. The other lesson to be learned by Doge is to have some emotional appeal. This will help bring large amounts of new people in just as Doge has. (FYI I really don't like Doge, but I see the positives in it.)

2) Pre-Mine No More Than 1%
I think every new coin I have seen besides Digitalcoin has been accused of being a scam pre-mine coin. While I understand the need for development and giveaways etc. a dev doesn't need to pre-mine 25% of all coins. I would also have a ledger recording where and how the 1% was spent. This should be publicly available on the coins website. By being open and transparent much more trust can be placed in a coin. Given the way the block chain works this would not be a hard thing to do.

3) Announce The Coin Launch 2 Days Ahead of Time
This will give ample time for people to hear of the new coin so they can start mining at zero hour. While Earthcoin was only pre-announced by a few hours I feel this helped with the coins current success. By allowing as many people as possible to become invested in the coin from the beginning you are allowing for a few things. First, you will have a larger distribution of coins from the beginning.

Second, with more hash and more people you are less likely to experience a 51% attack that often kills a new coin within hours of launch. Finally, you will build a solid foundation of a community as people often like to say "I was there from the beginning" and become much more psychology invested in that particular coin.

4) Good Name & Logo
While you would think this should be obvious, most often it seems devs neglect this in their rush to pump & dump. I would say as of right now if you don't have a good name & logo even in the pre-announce thread your coin is dead on arrival. There are to many options out there right now to waste you time on a crap coin.

I have one simple name & logo test. Could I one day see my grandmother going into the store and purchasing something with her [insert coin name here]. I do not ever see my grandmother buying stuff with her BBQcoin, Hamstercoin, Hobo Nickels etc. I could one day see her using Digitalcoin, Stablecoin, Earthcoin etc.

5) Bitcoin Won't Be The Top Coin Forever
Technologically speaking over the last twenty years being the first of its kinds doesn't mean a new tech will last forever on top. In fact more often than not a new tech is often surpassed within a few years. Think of Netscape as a browser... where is it today? What about Lycos as a search engine? Google came along and did things better. What about Myspace being overcome by Facebook? Or even Napster? 

There are some serious issues arising with Bitcoin. The main being the centralization of hash power with the emergence of ASIC mining companies. This goes against why Bitcoin was founded. When the common person cannot mine and secure a coin I feel a coin will enter into a slow decline & death.

6) There Is Room For More Than 1 Coin
We have Internet Explorer, Chrome, Firefox, Safari & Opera. We have Visa, Mastercard, Discover, American Express. We have Chase, Bank of America, HSBC, Wells Fargo etc. Why does there have to be one coin that's on top? It makes no sense to embraces this winner take all mentality in the alt community. By having several choices based on different technologies we are making cryptos more secure. If one dies or is compromised there are ten more to take its place.

To help people understand the importance of Bitcoin I often tell them the last time we saw a major monetary innovation like this is when the Bank of England first started printing paper bank notes in 1694. Crypto is here to stay. Power to the people!

Just felt like saying thank you. You sum up how I feel about the whole scene in better words than I could. I don't mind coins not called Bitcoin or Litecoin. I even mined Catcoin because it could have potential being the scrypt version of Bitcoin. If pushed right, people could take it more seriously. There are a few alt coins out that have my respect..and a whole lot that are clutter. More quality and less throwing random and seeing what sticks.
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Board Altcoin Discussion
Re: Tips For Launching a New Coin
by
Mooshi
on 28/12/2013, 15:42:17 UTC
I think the simple rule of thumb is to try to show at least /some/ bit of professionalism. Many alt coins are flat out cancer to alt currency in my eyes. People will see all the stupid ones and think that's all alt coins are, a huge joke ran by little children. I scroll down the topics and see a Dubstep coin..which is utterly absurd in every single way. A try-hard cat version of Dogecoin launching that takes the worst of lolcats and vomits it all over the place. Even the ones that try to be taken seriously, I just can't...like how Earthcoin literally looks like someone lifted the "e" from Internet Explorer.

Of the many alt coins out, only a small handful feel legit. BBQcoin..Anoncoin..Sexcoin..the whole lot needs to go away and make room for people who take this seriously.

I believe the free market will take its course and the absurd alt coins will die from lack of interest. I'm not going to nag on people for mining what they do even if I'm against it, that's for the market to decide. I'm simply stating my opinion. Of the newer alt coins out there, Mastercoin feels the most professional. People need to remember that presentation is everything.
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Board Altcoin Discussion
Re: [ALT COIN CRASH] WHAT GOES UP MUST COME DOWN
by
Mooshi
on 28/12/2013, 15:33:55 UTC
Someone seems a bit cranky and has no idea how the free market works.

The concept is simple. Yes, there are a bunch or really stupid altcoins with either bland names or flat out retarded ones. However, the way things work is if someone finds value in something and people agree on the value, it becomes a thing. If people were to one day feel the US dollar is worthless paper and treat it as such, it'd crash big time. If there is an alt coin that is deemed too bad for the community, people ignore it till it dies.

Simple, no? There are many alt coins I flat out loathe, but guess what? I have zero invested in them, the value of them has no effect on /me/ as an individual. So why should you care, OP?
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Re: [GIVEAWAY/POSTATHON] BECOME A "CAT" MILLIONAIRE! - WIN 10K CAT
by
Mooshi
on 28/12/2013, 15:06:53 UTC
The entire thing felt kinda hallow considering messages being deleted and such.   Huh


The whole point was promoting the thing, not being greedy dicks.
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Re: [ANN] Catcoin - Scrypt meow!
by
Mooshi
on 28/12/2013, 14:56:52 UTC
not another "fun" coin  Roll Eyes

Ripple..absurd amount of 'coins'
Peercoin is just a lazy name.
Nxt is one letter away from being a PC case company.
Namecoin is as bland as a grey wall.
Wasn't Quark premined to death?
WorldCoin so generic.
Megacoin...megageneric.
Primecoin eh.
Feathercoin sounds kinda neat.
Dogecoin mania already left me.
Novacoin is decent sounding.
Zetacoin is ok I guess.
Devcoin seems suspicious with the name and massive amount of coins.
Anoncoin is just really freaking retarded.
Freicoin is weird sounding.
NetCoin..is it the 1990's where "net" was a cool buzzword?
Copperlark sounds ok.
Terracoin sounds like a game coin.
Cryptogenic Bullion sounds too try-hard.
lxcoin sounds like an oil company somehow.
Goldcoin is the most generic name in existance.
Tickets...what are we, 10?
BBQCoin is a really dumb name
Memorycoin is I don't even.
Sexcoin "..."
Fastcoin sounds dumb
Unobtanium makes me giggle a little
Deutsche eMark sounds like pissy Germans are mad everything is Euros.
Datacoin is as bland sounding as Bitcoin
Yacoin makes me think of teenagers on Facebook.
FlorinCoin..wat
Catcoin can stand for Cryptographic Anonymous Transactions and the internet is made of cats.
GrandCoin is meh.
Mincoin looks uber cheap like some casino chip.
I0Coin is eh.
Tigercoin...Power Rangers?
TagCoin sounds dumb.
BitBar sounds like half eaten candy.
GlobalCoin feels lazy..at least it isn't the Internet Explorer icon "Earthcoin".
Diamond. Yeah, no../real/ diamonds are worth it, not these.
Luckycoin sounds cute like off some anime.
Lottocoin feels cheap like you're at the station.
BetaCoin is whatever.
EZCoin gives off the same vibe a scam email does.
Philosopher Stones give off a try-hard feel.
CasinoCoin is just retarded.
Bytecoin is trying too hard to get the feel Bitcoin has.
GameCoin oozes cheapness.
PheonixCoin is ok I guess.
Orbitcoin makes me want gum.
Franko is whatever.
Argentum is what.
HoboNickles are silly.
Noirbits looks like a typo, but probably has a meaning.
JouleCoin sounds kinda cool, actually.
Spots..dalmation money?
CraftCoin doesn't sound very inspiring.
Elacoin is a squiggly IE logo in green.
Junkcoin /is/ junk.
StableCoin doesn't sound very stable.
ProtoShares sounds like it belongs on a Megaman game.

Compared to these, Catcoin sounds pretty damn serious.
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Re: [GIVEAWAY/POSTATHON] BECOME A "CAT" MILLIONAIRE! - WIN 10K CAT
by
Mooshi
on 28/12/2013, 14:19:41 UTC
CAT you say?
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Re: [ANN] Catcoin - Scrypt meow!
by
Mooshi
on 28/12/2013, 11:27:36 UTC
I have an idea for the official catcoin website and is just good in general. We should also use this as an opportunity to also help out various cat charities.
That's a really good idea! Anyone familiar with/know any people at good cat charities?

http://blindcatrescue.com/

http://www.meowcatrescue.org/

http://www.catchat.org/

Here are a few. On ebay, I see some Catcoin being sold that are also donating a percentage to cat charities, good stuff.  Smiley
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Re: [ANN] Catcoin - Scrypt meow!
by
Mooshi
on 28/12/2013, 10:41:32 UTC
I have an idea for the official catcoin website and is just good in general. We should also use this as an opportunity to also help out various cat charities.
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Board Altcoin Discussion
Re: Why CAT is so hot?
by
Mooshi
on 28/12/2013, 09:00:31 UTC
I think that LottoCoin and EarthCoin (or even BillionCoin) are much better. Their names themselves are good enough to attract merchants' attention.

Meanwhile, CAT and Doge coins look like a children' game. It is not serious for business purposes.

I believe that CAT and Doge can be hot for 1-2 months. Then they will be dead. LottoCoin, EarthCoin price will increase gradually because there are more and more people who try to use them in real business cases. BillionCoin is not an exception.

Among first generation altcoins, I see Diamond - DMD, WorldCoin - WDC, DigitalCoin - DGC price are quite stable because their names are designed for business purposes. Doge is not

Do you think so?

Lottocoin sounds like something cheap that belongs at the same place you pick up a slurpee and a hotdog. Earthcoin is basically the Internet Explorer "e" all polished up.

CAT can stand for "Cryptographic Anonymous Transactions" which gives it a bit more seriousness behind its otherwise cutesy name. The internet also loves cats as do many cultures. (especially Egypt and the Japanese) I can sense DOGE dying sometime 2014 because it was silly at first, but the hype is dying down plus it only got lucky because it was meme of the year for /2013/, 2014 is not 2013. CAT did seem a bit meme-y at first, but I'm glad the community decided to shy away from that the more Catcoin gained traction. Flat out being all meme like will fail and this is why I support Catcoin way before I would Kittehcoin.

Doge was never intended for business or to even be taken seriously, but people mined it anyway. The difference is, CAT /can/ be taken seriously if it were marketed a bit more professionally. Lottocoin and Earthcoin? Like I said..I don't want to be reminded of sleazy lotto tickets or the worst browser you can use/something that more belongs on Futurama.

These are just my honest opinions.

PS: The launch was a few days ago now, people really need to stop bitching about it. Makes them seem kinda annoying if I'm honest. Also, another thing special about this coin is that it basically /is/ Bitcoin using scrypt vs sha256 - that has to count for something. It's not a dodgy premine fest with an absurd amount of coins like some of the other alts.
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Re: [ANN] [PRELAUNCH] Catcoin - Scrypt meow!
by
Mooshi
on 27/12/2013, 11:17:37 UTC
It say it's a Scrypt based coin in OP?
I was going to make it SHA256, but then by popular cats demand it was changed to Scrypt.

That is where the cat went into the box and was never seen again.

Dude how many Scrypt coins exist? Way mucho! SHA256 man!

That's a terrible idea. Do you have any idea how brutally raped this coin would be if it were mined with ASIC on launch? That would instantly turn this coin into a joke dead on arrival if it were mined like that. Did you forget that Bitcoin has been around since 2009 and had a massive boom to get where it is today? The hardware required to mine BTC today didn't exist back then, it does now. If Catcoin were SHA256 instead knowing full well that ASIC miners exist now would make the entire concept painfully unfair.

Anyone even suggesting it isn't helpful for this coin, they just want to screw over everyone else by having the unfair advantage. Just imagine the crazy hardware now used for Bitcoin mining away when the difficulty was 0.0XX..talk about a sick joke. - it's the equivalent of solving a fist fight with a nuke, come on now.
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Re: [ANN] Catcoin - Scrypt meow!
by
Mooshi
on 27/12/2013, 10:18:39 UTC

Yeah, because Catcoin has a much safer webwallet alternative.

Wait.

Catcoin doesn't have a webwallet.
Catcoin doesn't even have a working webSITE  Grin

Implying that's a bad thing. Considering DOGE got stolen from it's "secure" online wallet, I wouldn't call that as a negative. If someone is too derp to keep their coins safe on their own local HDD or whatever, that is their fault. Storing locally is the only way to know your coins are secure. Wouldn't use an online CAT wallet even if I were paid.
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Re: [ANN] Catcoin - Scrypt meow!
by
Mooshi
on 26/12/2013, 23:25:32 UTC
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Board Announcements (Altcoins)
Re: [ANN] Catcoin - Scrypt meow!
by
Mooshi
on 26/12/2013, 22:17:05 UTC
@itsallpc

I've just changed your wallet lettering a bit, what do you and others think? Font type/size/style can be easily modified.

http://s23.postimg.org/jf2u1kb57/catcoin_wallet_v1.gif

Turn the opacity down a bit on the letters so its faded slightly.