[ANNOUNCE] Ixcoin - a new Bitcoin fork - page 46.

enmaku

hero member

Activity: 742

Merit: 500

Quote from: the founder on August 10, 2011, 01:49:14 PM

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...

Spacy

full member

Activity: 168

Merit: 100

Hm Linux 64bit client doesn't start... Very strange... Huh

gigabytecoin

sr. member

Activity: 280

Merit: 252

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.

the founder

sr. member

Activity: 448

Merit: 251

Bitcoin

I'll buy you some for this thread... LOL!

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

markm

legendary

Activity: 2940

Merit: 1090

Quote from: enmaku on August 10, 2011, 01:29:50 PM

As for the point... I'm not 100% sure there is one - BUT if ixcoin adoption ever gets to a meaningful level it WILL tell us far ahead of time what is likely to happen when bitcoin finally hits its transaction fee transition point. Better to know all those gory details in 2015 than have to deal with them in 2033 with zero knowledge.

We can find that out easily enough with any of the chains that issued all their coins in the genesis block so start out from scratch with no minting of coins.

-MarkM-

nmat

hero member

Activity: 602

Merit: 502

This is gonna be so much fun

inb4 other new currency which reaches maturity next month.

gusti

legendary

Activity: 1099

Merit: 1000

Quote from: brandon@sourcewerks on August 10, 2011, 01:28:25 PM

Thomas Nasakioto only returns 6 results in Google... Thomas, do you have any references?

no references needed, he's not applying for a credit

Man From The Future

sr. member

Activity: 371

Merit: 250

Quote from: enmaku on August 10, 2011, 01:29:50 PM

Quote from: Man From The Future on August 10, 2011, 01:22:53 PM

Quote from: brandon@sourcewerks on August 10, 2011, 01:12:26 PM

Uploaded with ImageShack.us

Too many questions to point my hardware toward this...

If it's like with Symantec antivirus (urgh), it disallows executables used by very few people with certain characteristics, such as network use. It mentions "heur", probably referring to heuristics.

I don't see the point of this, unlike namecoin, it gives no advantage whatsoever, except making it more vulnerable to transaction fees transition issues...

Yeah, NewHeur_PE is a catch-all category for anything displaying "worm-like" behavior, which any unknown P2P app is going to throw. I've run this in a VM containing an empty bitcoin wallet and as of yet my bitcoin wallet.dat remains untouched, so at least it doesn't appear to be a wallet stealer. I've also pointed one video card at it and it appears to be mining and generating coins correctly so it seems to be a legit fork.

As for the point... I'm not 100% sure there is one - BUT if ixcoin adoption ever gets to a meaningful level it WILL tell us far ahead of time what is likely to happen when bitcoin finally hits its transaction fee transition point. Better to know all those gory details in 2015 than have to deal with them in 2033 with zero knowledge.

It isn't given time to reach a point where mining can be sustained on transaciton fees, leaving it more vulnerable to double-spend attacks, as the sustainabl ehash-rate from fees without a loss would be lower, as it takes very little time for mining rewards to go away.

AtlasONo

hero member

Activity: 551

Merit: 500

This is so well put together that it would put any other wallet skimmer to shame. *If* infact it were a wallet skimmer.

Nasakioto

full member

Activity: 172

Merit: 283

Thomas Nasakioto

Quote from: Nick on August 10, 2011, 01:20:13 PM

Also, what's the purpose of the Hiroyuki-Sanada-Portrait?
http://www.flickr.com/photos/sunshinedna/269252555/

Purpose of an avatar image? Well, I like Hiroyuki... Tongue

Tx2000

full member

Activity: 182

Merit: 100

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.

No, not sus at all.

enmaku

hero member

Activity: 742

Merit: 500

Quote from: Man From The Future on August 10, 2011, 01:22:53 PM

Quote from: brandon@sourcewerks on August 10, 2011, 01:12:26 PM

Uploaded with ImageShack.us

Too many questions to point my hardware toward this...

If it's like with Symantec antivirus (urgh), it disallows executables used by very few people with certain characteristics, such as network use. It mentions "heur", probably referring to heuristics.

I don't see the point of this, unlike namecoin, it gives no advantage whatsoever, except making it more vulnerable to transaction fees transition issues...

Yeah, NewHeur_PE is a catch-all category for anything displaying "worm-like" behavior, which any unknown P2P app is going to throw. I've run this in a VM containing an empty bitcoin wallet and as of yet my bitcoin wallet.dat remains untouched, so at least it doesn't appear to be a wallet stealer. I've also pointed one video card at it and it appears to be mining and generating coins correctly so it seems to be a legit fork.

As for the point... I'm not 100% sure there is one - BUT if ixcoin adoption ever gets to a meaningful level it WILL tell us far ahead of time what is likely to happen when bitcoin finally hits its transaction fee transition point. Better to know all those gory details in 2015 than have to deal with them in 2033 with zero knowledge.

brandon@sourcewerks

member

Activity: 62

Merit: 10

Thomas Nasakioto only returns 6 results in Google... Thomas, do you have any references?

markm

legendary

Activity: 2940

Merit: 1090

Hi, I am interested in possibly buying some Ixcoin. Do you accept GRouPcoin? DeVCoin? Martian BotCoin? General Mining Corp scrip? General Retirement Fund scrip? Canadian Digital Notes? United Kingdom Britcoin? Etc?

-MarkM-

Nasakioto

full member

Activity: 172

Merit: 283

Thomas Nasakioto

Quote from: brandon@sourcewerks on August 10, 2011, 01:12:26 PM

Uploaded with ImageShack.us

Uploaded the file to VirusTotal : http://www.virustotal.com/file-scan/report.html?id=7e1100bef5558ac0826b600d54eba4ddaa2103c75975d0e954de73d92244aef1-1313000228

File name:
ixcoin-0.3.24-win32-setup.exe
Submission date:
2011-08-10 18:17:08 (UTC)
Current status:
finished
Result:
1/ 38 (2.6%)

It states : NOD32 6366 2011.08.10 probably unknown NewHeur_PE

but I assure you no viruses were intentionally added in the .exe . If anybody can confirm "probably unknown NewHeur_PE " is not a threat, please feel free to post. Thanks.

Man From The Future

sr. member

Activity: 371

Merit: 250

http://www.virustotal.com/file-scan/report.html?id=7e1100bef5558ac0826b600d54eba4ddaa2103c75975d0e954de73d92244aef1-1313000544

AtlasONo

hero member

Activity: 551

Merit: 500

It installs and runs a real client.

Edit: http://ixcoin.org/wiki/index.php?title=FAQ

nmat

hero member

Activity: 602

Merit: 502

Lol... So you grabbed bitcoin, added a few more coins per block and created another currency... Good luck for you! Tongue

Man From The Future

sr. member

Activity: 371

Merit: 250

Quote from: brandon@sourcewerks on August 10, 2011, 01:12:26 PM

Uploaded with ImageShack.us

Too many questions to point my hardware toward this...

If it's like with Symantec antivirus (urgh), it disallows executables used by very few people with certain characteristics, such as network use. It mentions "heur", probably referring to heuristics.

I don't see the point of this, unlike namecoin, it gives no advantage whatsoever, except making it more vulnerable to transaction fees transition issues...

gusti

legendary

Activity: 1099

Merit: 1000

some naysayers tell that, although bitcoin is limited in supply, there can be many other similar ones to come
this is a good proof of concept of what will happen to bitcoin value, when new blockchains, with little or inexistent advantages, come to the market

Topic: [ANNOUNCE] Ixcoin - a new Bitcoin fork - page 46. (Read 128605 times)