Topic: [ANN] IXCoin [IXC] The Original Bitcoin Sidechain - page 38. (Read 41636 times)

Isn't the code whereby miners get coins from a stash already in place?

We should not need to change the total number of coins, as said above that was already set from the start, that was the whole point of the coin in fact.

Assuming the stash idea is already in place anyone is free to contribute to it at any time.

Also anyone can do transactions on the blockchain, with fees, to provide fees for the miners to collect.

So I do not see any need for any change, unless the stash part isn't in the current code.

The stash should be implemented without any change to total number of coins.

I am not sure what you mean about resurrecting the merged-mined coins, except maybe that because some of them seem to have lost their announce threads I have not been able to post to threads for some of them announcing they are part of the game and showing as an example of their current value a table of the values of other things as priced in terms of them.

If you peruse the list of values I posted earlier showing the values of other things in terms of the computed value of IXCoin based on the treasury the Ixians put together you will hopefully notice the list includes GRouPcoin (GRP), CoiLedCoin (CLC) and GeistGeld (XGG) as well as the three that are still apparently being merged by at least one large pool, DVC IXC and I0C.

All now have treasuries from which their values shown are being calculated. So I suspect the answer to your question is they never died so did not need any resurrection but yeah okay you can think of them as having now been resurrected.

The two original Scrypt coins that preceded Litecoin (FBX and TBX) are also there, and also have treasuries, it might be a good idea to make them merged-mine-able alongside Litecoin and DOGE too if we are going to start updating the code of coins again.

I will probably have to upload new tables to http://galaxies.mygamesonline.org/digitalisassets.html soon as folks have been busy piling more assets into their treasuries so the previous tables are already out of date, generally probably showing lower values than we will see when the next ones are uploaded.

-MarkM-

You pulling riddles on me now, instigator? 

Is that a yes or a no?  It’s a good plan.  A merger of equals would work too but not quite the same idea/use-case.

What next? ..proposal to merge IXC and I0C together    The initial purpose of IXC was to find out what would happen to bitcoin once it was all mined and there were no incentives but tx fees and whatnot.

Not looking good for bitcoin eh?Ah but yes BTC is the digital gold of magic internet money so ....NUMBER GO UP.

IXC is the digital digits of magic internet money so ,NUMBER NO MOVE  

MarkM, quick question about this Galactic Milieu game.

Are there any early btc adopters among the players of GM able to help all the Merge Mined coins to raise from hashes?  Are there devs, miners among them?

Thanks.

The max supply change would be a one-time event.  The amount available to mine at any given time would be dynamic based on amount of donations but that wouldn’t complicate any calculation from a marketcap or consumer’s point of view. 

I think the benefit far outweighs any short term and temporary confusion. 

Thanks for your input, Mark. 

We should not increase the total number of coins.

Also remember that IXCoin is merged-mined, thus anything the miners get from IXCoin is "almost free".

Also because it is part of the Galactic Milieu as the currency of the Ixians, it can keep increasing in value so long as the "IXCoin treasury" keeps increasing in value.

Also having to run around trying to figure out a new number of coins for each coin would really not help in making it simple to divide the "treasury" by the number of coins.

It should be kept simple so that the value calculations do not require a ridiculous amount of manual work (running to "exchanges" looking up current prices, running around to block explorers or clients to look up current number of coins issued etc every time we want to compute the Latest Rates for all the coins).

So whatever you do do, don't have it make the number of coins change. It is nice that that was fixed in the beginning and will never change.

There isway too much work involved already in doing the calculations, so lets try not to make it even harder.

(For example if I were to run the calculation right now it would be inaccurate in that the current amounts owed to various lenders, compounded hourly, would not be taken into account unless I also bring all those up to date and plug in their results in all the coins, since trying to grab all that data automatically presents too much risk still, I fear, of something mucking up. So currently I still have to get all that information in addition to various other things like current prices on exchanges of some coins that still are not based on a "treasury" of "reserves" in order to calculate out the Latest Rates.)

-MarkM-

We really have to differentiate from Bitcoin and all other crypto projects as much as possible.  On top of having best and most creative tech, it’s crucial that ixcoin stand out as a coin that is about giving and not the typical greed we see too often in crypto. 

Therefore, a proposition for community feedback:

So we plan to allow for donations to miners to ensure a secure network.  What if for every donated coin, two coins will be generated? 

Considering to make it simple 105k blocks/year, the number of coins will double in 200 years (42 million ixc). By then, many ixcoins will be lost anyway so the actual total will be considerably less.

Miners will be forced to find a taxation system to be sure they give something to support the mining (like: for every generated 1 ixc, send 0,5 ixc to donation address to increase the donation fund).  This should encourage miners not only to give back [like the community] but to also have a vested long term interest in mining/securing the IX network. 

Any feedback is appreciated...

Regards

IXCoin is now even more a part of the Galactic Milieu game.

It became pretty clear over the years that trying to reply upon "exchanges" to figure out the value per coin was simply not working, as well as leading to repeated losses of the coins and of whatever it was paired up against in such exchanges, often bitcoin. So not only were we losing massive amounts of the coins we were also losing massive amounts of the bitcoins that were intended, by sitting on the buy-side of order-books as buy offers, to uphold the coin's value.

So finally the Ixians have gotten their IXC Holdings treasury account to the point where dividing the value of that treasury by the number of IXCoins minted we arrive at a reasonable value per coin.

Thus here are the Latest Rates values of many of the Galactic Milieu's coins and assets, expressed in IXCoins at that calculated value of an IXCoin:

BBQrate=.00030471
sBCErate=307.29133252
sBCIrate=42.39930981
sBMCrate=44.14316689
sBRFrate=49.23604692
BTCrate=134143.80475552
CDNrate=29.59538964
CLCrate=.02612365
sCMCrate=43.30077957
sCRFrate=886.18735855
CZBrate=.19112782
DVCrate=.00245019
sDVCrate=2001.64768015
FBXrate=.09574774
sGDCrate=2114.09084392
sGFCrate=7542.48545524
sGHCrate=540.69940514
GMCrate=41.25178503
GPLrate=22.79632886
GPL2rate=17.88414918
sGRCrate=2330.29307620
GRFrate=66.19900541
GRPrate=.25927643
sGRPrate=10.62810460
I0Crate=.98363612
IXCrate=1.00000000
LTCrate=898.22691655
MBCrate=56.38118634
NKLrate=1.03327484
NMCrate=9.36726183
SPICErate=23.69461454
TBXrate=.09574774
UFCrate=.02523834
UKBrate=27.88006291
UNSrate=29.41132840
USFrate=.01044340
XGGrate=.05983038

This no longer has anything to do with the pathetically under-valued rates seen lately on such third-party website-style exchanges as I know of.

-MarkM-

Sounds great mark.

Yes! The new Latest Rates include-file is ready.

Along with the rest of the Digitalis Assets tables and plots.

(Though STILL the plots do not work in my browser, as they haven't since I swiched from Slackware to Ubuntu. Something about GNUplot in Ubuntu is different from how GNUplot worked in Slackware, but I still do not know what. Maybe someone with fancy HTML can figure what is wrong with the plot pages or someone familiar with GNUplot can figure out what you have to do differently under Ubuntu from what worked under Slackware.)

Because there has been so much change this time around the arbitrage opportunities are even better than usual...

Basically a lot of folks don't run around changing all their offers every time a new Latest Rates file comes out, so a lot of offers they had made based on previous prices can suddenly be bargains. Get in there on the
HORIZON and STELLAR platforms promptly before someone else snaps up the best bargains!

-MarkM-

Any news or updates?

cryptopia & bittrex run by the same people. the top volume was shitokens... MSP jeremys shitcoin? lol that's your bad for listening to the coin cartel ;-D haha

But there were coins and tokens of cool projects. True that we are in a dismal moment over alts, but it's a normal cycle. I was fooled regarding MSP.

i talked to mods from 'topia the ceo resigns then "hack" occurs? hmm i call bullshit.   the lost coins like mothership were shitokens

What do you mean new order? Was this hack something scam? Almost 10% of all IXC with him. Approximately.

The truth is that Cryptopias' CEO was a weirdo who chipped himself like some kind of new world order satanic robot biblical skynet shit lol

Haha Don't be so pessimistic because these days even someone dumped something. The truth is that Cryptopia has a large amount of IXC. Well, I think it would be interesting to see some movement.

like waiting for satoshi to move his MILLION bitcoins lol ha

Where's that Vlad dood gone

34 sat currently, but still large wallets without movement.