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Topic: [ANNOUNCE] Ixcoin - a new Bitcoin fork - page 45. (Read 128443 times)

legendary
Activity: 1099
Merit: 1000
August 10, 2011, 02:29:03 PM
#50
I think this is good for bitcoin, anybody thinks like me ?
full member
Activity: 224
Merit: 100
August 10, 2011, 02:26:24 PM
#49
Riddle me this batman... Why not put your efforts to building a better foundation for bitcoin ,which is still having growing pangs?  It seemd to me you've come here to siphon off human and computational resources. I'm not going to speculate as to your motive but there are far more negative possibilities than positive. So Question #2.

What do you hope to achieve?
hero member
Activity: 602
Merit: 502
August 10, 2011, 02:25:44 PM
#48
1 - Change 50 to 96 in bitcoin code
2 - Mine alone for 3 months (wiki says May 2011) to get 500K coins
3 - Announce "Hey everyone new currency really easy to mine eveyone join and earn money!"
4 - A market is created and this new coin is valued at some price (it could be something like $1)
5 - Sell 500K coins
6 - Get rich and disappear
full member
Activity: 172
Merit: 283
Thomas Nasakioto
August 10, 2011, 02:25:26 PM
#47
How many blocks are there currently?

Block count was at 6050 about 2 hours ago, it's now 6498.
legendary
Activity: 2940
Merit: 1090
August 10, 2011, 02:24:44 PM
#46
*OgNotes exist only in the mind of OgNasty

Finally, someone figured out how to store coins in a place safe from net-based hackers!

How many can I buy for a groupcoin, I left my bitcoin wallet on my other computer.

-MarkM
hero member
Activity: 742
Merit: 500
August 10, 2011, 02:24:17 PM
#45
It sure does not seem like you wanted to give anyone a fair crack at the mining of low difficulty blocks.

LMAO the starting difficulty is 4... Not low enough for you?
hero member
Activity: 742
Merit: 500
August 10, 2011, 02:23:01 PM
#44
How many blocks are there currently?

Block #6467 at the moment of this writing, though they're going VERY quickly since the initial difficulty of 4 is still in effect.

~4.679 blocks per minute as a matter of fact, which at difficulty 4 indicates about 1.34 GH/s total, if my math is correct (1 block @ diff 4 ~= 17,180,131,332 hashes [D * 2^48 / 0xFFFF])
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
August 10, 2011, 02:20:50 PM
#43
I've got a currency called *OgNotes that doesn't even require it to be mined and has ALREADY reached it's full dilution.  It's also currently valued at 10BTC and goes up in value 0.1BTC per day!  *OgNotes are available to all early adopters at 50% off!!!! Contact me to receive your *OgNotes!  Hurry, early adopter discount is only good for another 4 hours! 

*OgNotes exist only in the mind of OgNasty
member
Activity: 147
Merit: 11
The day to rise has come.
August 10, 2011, 02:20:45 PM
#42
On a serious note, this looks promising when i cash my BTC paycheck in 10 days i might get -another- server as a pool.

Err so basically, he goes with a name that resonates in the similar persona-esque "Satoshi Nakamoto" (Hey, it's another Japanese developer, must be awesome!) and using an avatar-image of said nationality and someone finds out it's someone else's picture.

You genuinely made me laugh, thank you  Grin
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
August 10, 2011, 02:20:12 PM
#41
Is it just me or did this guy just join the forum like yesterday?

He has no track record and the fact that there is 580k ixcoins in existence says that this is pretty inflationary. We have 950k namecoins that have been mined over almost 4 months now and on the first day of the release of this new blockchain there is more than half of the amount of namecoins already in existence?

TELL ME THIS WHY DID YOU NOT START THE BLOCKCHAIN WITH LESS BLOCKS GENERATED SO THE COINS COULD BE MORE EVENLY DISTRIBUTED AS OPPOSED TO CENTRALIZED IN YOUR POSSESSION? THE WHOLE POINT OF THE BITCOIN CONCEPT IS DECENTRALIZATION AND YOUR BLOCK CHAIN IS NOT DECNTRALIZED AT ALL

It sure does not seem like you wanted to give anyone a fair crack at the mining of low difficulty blocks.

I think that what I have described about your block chain proposal is accurate in pointing out bullshit.
hero member
Activity: 551
Merit: 500
August 10, 2011, 02:14:57 PM
#40
How many blocks are there currently?
full member
Activity: 172
Merit: 283
Thomas Nasakioto
August 10, 2011, 02:12:50 PM
#39
Excellent!

To those questioning the point....well this is kinda the whole point! A free market of blockchains, each with different purposes. Ixcoin will allow us to see how inflation affects blockchain based currency systems, and as BTC is the original, won't really have an effect on it's value. Way I see it, BTC is the base measure for all that will follow, as long as the original remains intact and uncorrupted it will serve as a measure of value.

Good work Thomas, this will only add further to the knowledge we are pioneering.

Thanks for the support. Now get your miner onto the Ixcoin blockchain before difficulty skyrockets Wink
legendary
Activity: 2940
Merit: 1090
August 10, 2011, 02:06:07 PM
#38
Judging from the quickly increasing Ixcoin mining activity, it appears miners are taking on the challenge.
 

More likely they are raping the low-difficulty to stick you with a subsequent long period of no blocks made, like has been happening to namecoin lately.

-MarkM-
hero member
Activity: 809
Merit: 501
Always verify deals with me through my public key!
August 10, 2011, 02:03:38 PM
#37
Excellent!

To those questioning the point....well this is kinda the whole point! A free market of blockchains, each with different purposes. Ixcoin will allow us to see how inflation affects blockchain based currency systems, and as BTC is the original, won't really have an effect on it's value. Way I see it, BTC is the base measure for all that will follow, as long as the original remains intact and uncorrupted it will serve as a measure of value.

Good work Thomas, this will only add further to the knowledge we are pioneering.
full member
Activity: 172
Merit: 283
Thomas Nasakioto
August 10, 2011, 02:02:19 PM
#36
Hm Linux 64bit client doesn't start... Very strange... Huh

Sorry to hear that. Do you get an error message? What platform are you running?
full member
Activity: 172
Merit: 283
Thomas Nasakioto
August 10, 2011, 02:00:44 PM
#35
This is ridiculous.

There are already 580,000 ixcoins in existence? And you expect people to start mining for you?


A major portion of the 580K IXC have been set aside to promote and develop Ixcoin. For instance, see the Bounties page.

Judging from the quickly increasing Ixcoin mining activity, it appears miners are taking on the challenge.
 
hero member
Activity: 742
Merit: 500
August 10, 2011, 01:55:36 PM
#34
Honestly what's the point of this?   there's nothing unique about it as it's literally bitcoins that have a higher inflation rate....  when in fact it's pointed out that even the bitcoin inflation rate is too high...

https://bitcointalksearch.org/topic/were-printing-too-many-bitcoins-33718

Then how about another fork (Xicoin perhaps?) with lower block rewards that won't give away all its coins until 2284 or something? Or for that matter why not make the reward extremely low and simply never stop giving away coins? Assuming the generation reward rate is lower than the coin corruption/loss rate it'd still be deflationary...
full member
Activity: 168
Merit: 100
August 10, 2011, 01:54:07 PM
#33
Hm Linux 64bit client doesn't start... Very strange... Huh
sr. member
Activity: 280
Merit: 252
August 10, 2011, 01:53:21 PM
#32
This is ridiculous.

There are already 580,000 ixcoins in existence? And you expect people to start mining for you?

IF YOU WANT TO MINE IXCOINS, WHY NOT JUST MINE NAMECOIN?

There are only about 950,000 namecoins out there that are equally fairly distributed amongst a few thousand people already, and they have another purpose behind them which isn't simply "get rich quick".

Namecoin was released to the world with only a few (re: couple) blocks solved by the creator, and difficulty was set to 512 originally to protect against the early adopter problem of people gathering millions of coins before it actually took off.

If you want to learn more about namecoin, check out the dot-bit website.
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