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Topic: [ANNOUNCE] Ixcoin - a new Bitcoin fork - page 25. (Read 128404 times)

legendary
Activity: 3080
Merit: 1080
August 12, 2011, 10:22:44 AM
Meh.  Whenever anyone suggests changing the rules, we tell them to go make their own competing block chain and see which one wins.

This guy did exactly that.  Now we get to watch and see which one wins.

I only wish he'd told the devs in advance so they could have deployed a node with extra debug logging to monitor the chain reorg logic.  The first 24 hours saw an amazing churn in the ixcoin chain, making a spectacular test of the code.  While we can now have some faith that our reorg logic is sound and can withstand some serious beaning, we will probably never get another chance to record it working under severe stress.

Not necessarily. They can just create another testnet equivalent and invite people to mine it like crazy. I think with ixcoin it was a few people endowed with a lot of hashing power that raped the network initially. I remember seeing one dude put in like 23 Ghashes into it right when it was launched. But yeah I agree it would've been neat to have a node record network stats and whatnot and see what we can learn from a super rapid adoption rate.

Ixcoin breaking the ice sort of speak makes me wonder if we'll start seeing a lot more "mee too" forks.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
August 12, 2011, 10:19:36 AM
Dang, and the mining capacity keeps on increasing...

Pool Hash rate (MHash/second)   84649.9

Hey at the very least this will take some pressure off the bitcoin miners Wink A difficulty DECREASE is very much welcome for a change.

I think difficulty will be going up again shortly... and with another 4x difficulty increase it will not be worth it to mine anymore.

Not saying you are wrong but the last two difficulty increases people said the same thing. Maybe the one after the next one.
legendary
Activity: 966
Merit: 1004
Keep it real
August 12, 2011, 10:14:14 AM
Dang, and the mining capacity keeps on increasing...

Pool Hash rate (MHash/second)   84649.9

Hey at the very least this will take some pressure off the bitcoin miners Wink A difficulty DECREASE is very much welcome for a change.

I think difficulty will be going up again shortly... and with another 4x difficulty increase it will not be worth it to mine anymore.
kjj
legendary
Activity: 1302
Merit: 1026
August 12, 2011, 10:13:40 AM
Meh.  Whenever anyone suggests changing the rules, we tell them to go make their own competing block chain and see which one wins.

This guy did exactly that.  Now we get to watch and see which one wins.

I only wish he'd told the devs in advance so they could have deployed a node with extra debug logging to monitor the chain reorg logic.  The first 24 hours saw an amazing churn in the ixcoin chain, making a spectacular test of the code.  While we can now have some faith that our reorg logic is sound and can withstand some serious beaning, we will probably never get another chance to record it working under severe stress.
legendary
Activity: 3080
Merit: 1080
August 12, 2011, 10:06:38 AM
Dang, and the mining capacity keeps on increasing...

Pool Hash rate (MHash/second)   84649.9

Hey at the very least this will take some pressure off the bitcoin miners Wink A difficulty DECREASE is very much welcome for a change.
legendary
Activity: 3080
Merit: 1080
August 12, 2011, 09:59:56 AM
I am interested in making a new blockchain currency that is the complete opposite of IXcoin.

I am thinking of calling it longcoin or rarecoin. Basically you get 0.1 rarecoins per block so you need to mine 10 blocks just to get one rarecoin.
There will still be 21 million coins in total but it will probably take 1000 years until all the coins are made.

I will announce this well in advance and have an official date so that everyone knows when this will start the genesis block and everyone can have their clients and miners ready.



You should fork a chain that has a reverse difficulty curve Wink This way there is no early adopter envy. Also this way the more people use them and join the network, the more coins will be produced. Just a wild thought.
hero member
Activity: 742
Merit: 500
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 Wink
hero member
Activity: 955
Merit: 1002
August 12, 2011, 09:56:26 AM

Quote

... 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.


It doesn't need a point - it's a fly in the ointment.
I bought some IXcoins for fun (though I'm currently down $2 on the $2 worth I bought). I think it's interesting to see how bitcoin deals with the flies. The more irritations the better - I want bitcoin to be constantly tested. A fly is trivial - a tiger would be a better test.
legendary
Activity: 966
Merit: 1004
Keep it real
August 12, 2011, 09:23:21 AM
So... I got this unsolicited email:

Quote
-----BEGIN PGP SIGNED MESSAGE-----
.....

... 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.


I'm pretty sure you're right about that, the chain doesn't serve any purpose.  People seem to be speculating highly on it.  It's almost twice as profitable to mine ixcoin and trade for bitcoins compared to mining bitcoins currently.
full member
Activity: 168
Merit: 100
August 12, 2011, 09:23:03 AM
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.

Maybe they want some people with a lot of BTCs in the boat, as very liquid investors ;-)
legendary
Activity: 1652
Merit: 2301
Chief Scientist
August 12, 2011, 09:18:07 AM
So... I got this unsolicited email:

Quote
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Hi Gavin,

I'm one of the founders of the Ixcoin fork of Bitcoin. If you're
interested in trying out the new blockchain, we set aside a 5,000 IXC
bonus for each of you.

Please email me your IXC addresses if you're interested.

Best regards,

Thomas.
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=lct4
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... 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.
legendary
Activity: 966
Merit: 1004
Keep it real
August 12, 2011, 08:30:40 AM
I think this jump to difficulty 4096 did me in... Any one know when it happened??  My mining output has hit the floor!

Is it still profitable though (in comparison to mining BTC) that is the question?

The math says yes.
full member
Activity: 140
Merit: 100
August 12, 2011, 08:22:06 AM
1. Mine the hell out of this to increase difficulty 1024,4096,16384,65536,262144,1048576...,
2. Leave,
3. ....,
4. Profit in LuLz.


Awesome idea, I may point a miner at it just for that reason. Need to find a sandbox because I don't want the virus to steal my btc wallet.
hero member
Activity: 756
Merit: 500
August 12, 2011, 08:15:46 AM
I think this jump to difficulty 4096 did me in... Any one know when it happened??  My mining output has hit the floor!

Is it still profitable though (in comparison to mining BTC) that is the question?
member
Activity: 75
Merit: 10
August 12, 2011, 07:48:44 AM
who cares ? it should be dead

you cant simply get any merchant to accept blacoins dacoiny mycoins yourcoins, so any more than bitcoins will lower the success of bitcoins.

let it die
full member
Activity: 196
Merit: 100
August 12, 2011, 07:10:49 AM
I think this jump to difficulty 4096 did me in... Any one know when it happened??  My mining output has hit the floor!
hero member
Activity: 756
Merit: 500
August 12, 2011, 06:21:45 AM
I am interested in making a new blockchain currency that is the complete opposite of IXcoin.

I am thinking of calling it longcoin or rarecoin. Basically you get 0.1 rarecoins per block so you need to mine 10 blocks just to get one rarecoin.
There will still be 21 million coins in total but it will probably take 1000 years until all the coins are made.

I will announce this well in advance and have an official date so that everyone knows when this will start the genesis block and everyone can have their clients and miners ready.

full member
Activity: 187
Merit: 100
August 12, 2011, 06:18:22 AM
So will be "merged mining" implemented to IXCoin ever ? And why it wasnt did in the beginning ? With merged mining everything will be much easier and we dont have to worry about shortage of mining power here or there like what happened to NMC now...
sr. member
Activity: 254
Merit: 250
https://www.soar.earth/
August 12, 2011, 05:33:02 AM
IMO a new blockchain called ixcoin is good for nothing, period.
hero member
Activity: 798
Merit: 1000
August 12, 2011, 05:32:48 AM
When did it change to 4096 out of interest?
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