Topic: [ANNOUNCE] Ixcoin - a new Bitcoin fork - page 42. (Read 128443 times)

No, he is quite right, it is like that evil Santa guy, draining vast amounts of resources from grownups to finance a bunch of stupid toys for children, when children don't even have jobs for gosh sakes so are the last people on earth that deserve any resources! Sheesh!

-MarkM-

I have 300 ix coins already  

Nope, no other reason. The +580,000 coins that he mined before he even made his project public will stay his.

I wonder when buttcoin.org starts his own chain. i would mine for that!

I tought of this weeks ago. I wondered for myself, how long would it take for someone to make a new block chain, then get a head start with software and services for a quick 'get rich' scheme? I read in a wiki some weeks ago about which properties a new block chain could have. But here is Ixcoin, with no added benefit over bitcoins. In the future we will probably see a lot of different cryptocurrencies. I also see that http://www.ixcoin.org/ is a complete ripoff of bitcoin.org, at least with a first look. I imagined that the ones coming out with a new blockchain would make it more polished, and have more services already ready. As already pointed out, bitcoin is in it's infancy, so the mere purpose of ixcoin is ofcoure enrichement of the early adopters. If we say that at the moment one ixcoin is worth 0.00000001 btc, and I buy 50000 of these now for that price at 0.0005 btc, and the price rose to say 0.01 btc for 1 ixcoin, my initial 0.0005 investment would turn into a 500 btc, which is about 5000 USD with the current prices. And of course, the earnings would be gigantic if it reached parity with bitcoins. I am sure that stores now accepting bitcoins would easily accept also ixcoins, as I guess few modifications would be needed in the system.

But please, tell me if there's any other reason for this new block chain but personal enrichment.

And also, how do you feel about ripping of the entire (at least parts from the looks of it) bitcoin.org site? I don't know if that's allowed, or what license is used on that site.

So basically, this new cryptocurrency comes with no new features, so basically it is just profiteering gluttons piggybacking on the bitcoin community?

Seriously?  You think a fork with no added features is going to divert more than a trivial amount of resources from Bitcoin?  Getting mad over this is just silly.

When you say point it to ixcoin.exe what do you mean? this is what I have so far using poclbm:

ixcoin.conf:

rpcuser=joe
rpcpassword=blow
server=1
maxconnections=60
rpcport=8337

miner settings:

start /DC:\bitcoin\poclbm_py2exe_20110428 poclbm.exe --user joe --pass=blow --host 192.168.1.10 --port 8337 --device=0 AGGRESSION=11 BFI_INT WORKSIZE=256 --verbose

I'm using DiabloMiner. 8338 is the RPC port for mining clients.

If I am using guiminer would I put the port as 8337 into the mining settings?

What miner are u using?

Sex is free too, but rapists still exist.

You send me bitcoins (link in my sig).  I remember your username in my head along with the amount of notes you bought.  They can be redeemed at anytime by simply asking me to forget your name.

Current price, 5BTC. Hurry, they go up to 10BTC in 2 more hours and 10.1BTC by tomorrow!!!

I agree, we need more coin-for-coin exchanges. I started working on an exchange once upon a time but had too many problems with Dwolla and C# not playing nicely... Perhaps I could modify what I've already got to serve as a BTC/NMC/IXC/GRP/DVC/MBC/etc exchange...

As for current value... While I see no reason to tie USD values to difficulty, I think difficulty could be a great tool for estimating the worth of coin-to-coin exchanges... IXC diff is currently 4, BTC diff is currently 1888786.70535 so it seems to me that 1 IXC should be valued somewhere in the neighborhood of 4/1888786.70535=0.00000212 BTC (rounded to the nearest satoshi). Do the math the other way to find that 1 BTC ~= 472,196.67633750 IXC.

Of course difficulty 4 won't last for long, even with a measly 2 GH/s for the whole pool, so it may be too early to attempt such a valuation.

Of course, we have namecoin to base our math on too... Already-existing resources have shown that historically NMC is valued at about 2/3 (67.9%) of what this ratio says it should be (on average). The argument that namecoins have intrinsic value because of the service offered by the network might be slightly true, but the bitparking exchange has a volume much higher than the actual NMC spent on registrations, so they're likely being traded by speculators much the same as BTC. If we apply this fractional value to IXC we get the following:

1 BTC ~= 320,621.54323316 IXC
1 IXC ~= 0.00000144 BTC

Yeah let's redo the math after a few weeks worth of difficulty updates

In order for you to create a new currency, the old currency has to first be broken.

Ouch!!!!

But it's not ripoff when the source is free

I really think you should do this.  Also you should come up with a config file for multicoin.  I think not too far down the line we are going to have a multicoin like client that works on multiple block chains at the same time and multiplexes one port.  You should position ixcoin for this now while it is the easiest to get everyone switched over.

So, this is a bitcoin clone, with no added purpose, nobody accepting it for anything and no place to buy or sell it.  To top it off he's here on the bitcoin forum trying to steal miners and developers from a potentially awesome project?  C'mon man...  This seems horrible for bitcoin in my opinion.  How am I supposed to talk anyone into accepting bitcoins when there are 5 million bitcoin clones out there all trying to compete with the project they ripped off?

You ripoff artists willing to do anything to make a quick buck off the backs of good people and great ideas are basically attacking the bitcoin that we all love so dearly.  I don't see how people like you who are creating competing currencies using the same exact software could be looked at by this community as anything other than the enemy.

Creating a fake japanese sounding name and using that avatar was awesome though.  If you weren't being serious about this, it would have been an awesome joke.  Now it's just a bad joke.

This likely happens because of wx widgets. I think it was because of version 2.9 that the gui doesnt show up

Same here.

Current Ubuntu 64bit, the client window isn't showing up, but the directory with the blockchain and wallet was created. I tried to start ixcoin not ixcoind in the 64 directory.

So how much are they worth currently anyway? 0.0001 BTC each? How much is that in NMC? In GRP? In DVC? In MBC? Etc.

Will be good when there are more exchanges that ignore stupid fiat crap in favour of exchanging actual bitcoin-type currencies.

-MarkM-

A few Q's:

1. What vendors accept Ixcoins?
2. What is being done to build/strengthen trade infrastructure with Ixcoins?
3. What is being done to ensure secure transactions between merchant/customer?