[ANNOUNCE] Ixcoin - a new Bitcoin fork - page 24.

Yanz

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Quote from: Cory on August 11, 2011, 04:08:39 PM

Quote from: Yanz on August 11, 2011, 02:53:06 PM

I threw this together real quick. I think it works.
it's like blockexplorer but for ixcoin. all the links say 'bitcoin' but i pointed it at the ixcoin chain so its actually showing ixcoin info.

http://buttoncommand.net:2750/

Neat! http://ixcoin.net/ will point there for a little while.

thanks for that. how did you get it to mask up the weird port and the domain name?

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: enquirer on August 12, 2011, 01:43:23 PM

At least this guy is better manager than Satoshi Grin

. I like the idea of allocating large initial chunk of coins to develop the product.

Good point why doesn't Satoshi offer bounties for objectives for bitcoins to complete? Maybe some goals he would like bitcoin to achieve?

bcforum

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Quote from: enmaku on August 12, 2011, 09:56:48 AM

Again with the people seeking higher purposes and making obvious fallacies: "why do we need another blockchain?" we don't, necessarily NEED another blockchain, but someone thought bitcoin would be better with a steeper initial rise so we get to the deflationary fun faster so they made one simple change. "But we're diluting the bitcoin brand by allowing IXCoin to exist!" Maybe there's *some* truth to that one, but in the long run is FireFox a better or worse product when it must compete with Chrome, Opera, Safari, IE etc? Is there a need for silver bullion when we have gold? Do we really need as many varieties of sliced white sandwich bread as I see in the supermarket? And how many kinds of toilet paper can one grocery store possibly sell? Competition isn't a bad thing and not every competitor need offer a drastically different product.

Edit: and while I was posting, dancupid said it much more eloquently and with fewer words

Unfortunately, it isn't Firefox vs Chrome, its VHS vs. Betamax.

When trying to drive the adoption of a new technology, having alternatives available hurts adoption because people adopt a 'wait and see' attitude.

Imagine if someone (Microsoft) came out with an alternative to HTML right after NCSA released Mosaic. Now a website designer has two completely different standards (and browsers) to support. Do you invest the money in one and hope you are correct? Or do you sit on the sidelines until the problem gets resolved. The technologically superior solution doesn't always win (Beta is much better than VHS in terms of image quality.)

Besides, IXCoin is a money grab by the OP and you are a fool to invest anything into.

enquirer

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At least this guy is better manager than Satoshi Grin

. I like the idea of allocating large initial chunk of coins to develop the product.

smoothie

legendary

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LEALANA Bitcoin Grim Reaper

xZQ9GsZEPJsQhKJQEVDhyZbm5V4VBkRL3z

gusti

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In the opposite side, I think we must take this little experiments in the most serious way.
Just to prove the fact that Bitcoin is unique and not easily replicable.

kjj

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It looks like a good chunk of the pre-mined ixcoins are being used for bounties. And maybe his/their intention is to reserve the rest for future bounties.

At first I thought that it could be a good thing if this new chain was being used to subsidize development that could easily be ported back to the mainline client. It would be like a sort of testnet, but with immediate financial benefits to whatever extent these new coins are useful/valuable/exchangeable.

But then I saw the list of bounties, and they all appear to be external, and aimed at bringing ixcoin up to the level that bitcoin is already at, rather than extending anything. Maybe that will change in the future. Or maybe not.

Mousepotato

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Seal Cub Clubbing Club

Quote from: Gavin Andresen on August 12, 2011, 01:05:13 PM

In particular, I think it is unfair to keep hundreds of thousands of whatever-coins for yourself, and it is unwise to think that a bitcoin variation that is "almost exactly like bitcoin, only different because... well, just because" will ever have anything more than speculative value.

I don't think anybody really takes Ixcoin seriously. As you said, most of us view it as a gimmicky distraction with no inherent monetary use other than speculative value on the Ixcoin exchange. Ixcoin vs. Bitcoin is like batting cages vs. baseball. Or the driving range vs. a full 18 hole round of golf. It's fun for miners who just like to go through the motions and see numbers fly by on the screen, but beyond that it's just an empty shell of what the Bitcoin movement is.

Gavin Andresen

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Chief Scientist

Couple of things:

First, I want to squash the "Satoshi mined a bunch of bitcoins on his own before releasing the bitcoin chain" idea. He publicly announced bitcoin version 0.1 six days after he generated the genesis block: January 9, 2009:
http://www.mail-archive.com/[email protected]/msg10142.html

According to the block chain history, he generated about 10 blocks total before the announcement. And we know that he didn't pre-generate blocks because the genesis block contains a quote from the January 3rd Financial Times newspaper.

Second, I have no problem with alternative block chains, I just don't personally like how this particular alternative block chain is being promoted and developed and introduced. In particular, I think it is unfair to keep hundreds of thousands of whatever-coins for yourself, and it is unwise to think that a bitcoin variation that is "almost exactly like bitcoin, only different because... well, just because" will ever have anything more than speculative value.

Tasty Champa

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Quote from: enmaku on August 12, 2011, 12:46:50 PM

Quote from: Raoul Duke on August 12, 2011, 12:39:53 PM

Quote from: nmat on August 12, 2011, 12:33:29 PM

Quote from: Raoul Duke on August 12, 2011, 12:29:35 PM

And by the way: who is "we"?

Thomas - [email protected]
Fred Twingham - [email protected]

Are you sure they are not the same person? LOL

Fred Twingham at least isn't immediately apparent as an anagram of anyone I know in the bitcoin community (Thomas Nasakioto ≅ Satoshi Nakamoto)

enmaku

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Quote from: Raoul Duke on August 12, 2011, 12:39:53 PM

Quote from: nmat on August 12, 2011, 12:33:29 PM

Quote from: Raoul Duke on August 12, 2011, 12:29:35 PM

And by the way: who is "we"?

Thomas - [email protected]
Fred Twingham - [email protected]

Are you sure they are not the same person? LOL

Fred Twingham at least isn't immediately apparent as an anagram of anyone I know in the bitcoin community (Thomas Nasakioto ≅ Satoshi Nakamoto)

todu

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Merit: 0

Quote from: Nasakioto on August 12, 2011, 12:22:38 PM

Quote from: enmaku on August 12, 2011, 12:11:34 PM

Quote from: nmat on August 12, 2011, 11:09:33 AM

There's a guy here saying the code will break once it reaches 21 million coins
https://bitcointalksearch.org/topic/m.451411

Which makes it no different than a couple old versions of the bitcoin client. An oversight in the code doesn't make it a scam, though I am keeping a close eye on how quickly this one gets fixed...

Indeed. We're working on a updates to the Ixcoin client such as integrating 0.3.25 changes. The above issue won't come into play for a few years so we still have time but we'll address it in the next version.

I think that most miners will abandon mining ixcoin as soon as it stops being more profitable than mining btc. Do you think this will happen? Why / why not?

What do you think will happen if and when the majority of miners abandon ixcoin for mining bitcoin? How long will it take before the next difficulty decrease will come into effect? How many blocks per hour will be generated with a sudden drop of miners, and how will that affect the ixcoin network? Have you done these and similar calculations, or is starting the ixcoin chain more of an experiment for you?

Also, why do you think a faster generation of new coins is advantageous enough to merit starting a new blockchain? How do you respond to the idea that you started this new blockchain with the primary purpose being to make you an early adopter so you can get rich quick, especially considering you made 250'000 ixcoins for your personal use (not bounties) before even announcing your project? Many people on this forum including me think just that.

Edit1: Added ", especially considering you made 250'000 ixcoins for your personal use (not bounties) before even announcing your project?".

Raoul Duke

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Quote from: nmat on August 12, 2011, 12:33:29 PM

Quote from: Raoul Duke on August 12, 2011, 12:29:35 PM

And by the way: who is "we"?

Thomas - [email protected]
Fred Twingham - [email protected]

Are you sure they are not the same person? LOL

nmat

hero member

Activity: 602

Merit: 502

Quote from: Raoul Duke on August 12, 2011, 12:29:35 PM

And by the way: who is "we"?

Thomas - [email protected]
Fred Twingham - [email protected]

Raoul Duke

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Quote from: Nasakioto on August 12, 2011, 12:22:38 PM

Indeed. We're working on a updates to the Ixcoin client such as integrating 0.3.25 changes. The above issue won't come into play for a few years so we still have time but we'll address it in the next version.

I think what you mean is you're going to use the code written for the bitcoin client...

Seeing as you didn't even changed some essential parts of the code i really doubt you will work on updating it on your own.

You are as much of a programmer as I am... Roll Eyes

And by the way: who is "we"? LOL

Nasakioto

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Thomas Nasakioto

Quote from: enmaku on August 12, 2011, 12:11:34 PM

Quote from: nmat on August 12, 2011, 11:09:33 AM

There's a guy here saying the code will break once it reaches 21 million coins
https://bitcointalksearch.org/topic/m.451411

Which makes it no different than a couple old versions of the bitcoin client. An oversight in the code doesn't make it a scam, though I am keeping a close eye on how quickly this one gets fixed...

Indeed. We're working on a updates to the Ixcoin client such as integrating 0.3.25 changes. The above issue won't come into play for a few years so we still have time but we'll address it in the next version.

Nasakioto

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Activity: 172

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Thomas Nasakioto

Quote from: Gavin Andresen on August 12, 2011, 09:18:07 AM

... and I'm trying to figure out why my immediate reaction is "yuck."

I guess I just don't see the point of IxCoin. I just spent some time looking back through all the original poster's messages, and I don't see any prior discussion of goals of IxCoin, how it should be designed, etc.

If the goal is to let more people be early adopters of a new cyber-currency, then it seems to me giving early bitcoin adopters a bunch of IxCoin goes against that goal.

Sorry you feel this way.

It was a gesture to motivate you to have a look. I'd be happy to donate your Ixcoins to an Ixcoin Faucet (if someone develops it).

enmaku

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Quote from: nmat on August 12, 2011, 11:09:33 AM

There's a guy here saying the code will break once it reaches 21 million coins
https://bitcointalksearch.org/topic/m.451411

Which makes it no different than a couple old versions of the bitcoin client. An oversight in the code doesn't make it a scam, though I am keeping a close eye on how quickly this one gets fixed...

caston

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Quote from: tysat on August 12, 2011, 11:04:43 AM

Quote from: allinvain on August 12, 2011, 10:22:44 AM

Ixcoin breaking the ice sort of speak makes me wonder if we'll start seeing a lot more "mee too" forks.

I'd love to see that, makes for some quick profit if people are buying them far above difficulty ratio.

Yeah, if someone decides to make one that matures faster than IXcoin please let me know in advance so I get a chance to mine before all the others with the mega hash power dump IXcoin for it.

nmat

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There's a guy here saying the code will break once it reaches 21 million coins
https://bitcointalksearch.org/topic/m.451411

Topic: [ANNOUNCE] Ixcoin - a new Bitcoin fork - page 24. (Read 128605 times)