Topic: [I0C] I0coin - The Best Choice In Digital Currency - page 10. (Read 82318 times)

Are you referring to this?   https://twitter.com/satoshi0x/status/1138923475941437440

Fixed that for you.

Vircurex simply stopped listing us, I guess there was at one point a loss of some bitcoins but all the DVC, I0C and IXC was able to be withdrawn no problem.

The biggest loss, for me at least, was Cryptsy. Over 134 bitcoins lost there that had been the buy-sides.

Lost hundreds of thousands of IXC and hundreds of millions of DVC in that one.

Now Cryptopia has gone, with lots of IXC and I0C and the bitcoins that were their buy-sides.

So now I am hoping to get some good trading going on HORIZON and Stellar.

It is true though that after DVC was not on Vircurex anymore its price fell below one satoshi so it really has not been practical since then to do DVC/BTC pairings.

I think by now though DVC is paired against pretty much ALL of the assets shown at http://makemoney.knotwork.com/stellar/ and any that it isn't yet point out to me s maybe I somehow managed to miss some.

-MarkM-

So are we waiting for Vircuex to be resolved for the value to come back? Wasn't there a BTC/DVC pairing there?

For me it is the fact that the biggest destroyer of value of coins I work with has been fly-by-night and/or "hacked" exchanges.

So now I am trying to do my trading on Stellar and HORIZON networks, using tokens that represent coins I am holding myself thus are hopefully harder for someone else to vanish from under me.

-MarkM-

Raise your hand if you're still here?

FreiExchange is a modest but trustworthy exchange. We are proud to list I0Coin.

Why do we have low volume? We didn’t ask for a listing fee, we don’t prop-up markets in any significant way, nor do we create fake volume. We count on the community to support their coin.

At this point in the ending of the alt-coin winter, please come and help us support your coin by helping fill up the order books at our exchange to make a market. We don’t have any trading fees.

https://freiexchange.com/

Here is another:

https://freiexchange.com/market/I0C/BTC

Altilly is the only place that still trades I0C? These days I downloaded the wallet of this coin and other old ones to encourage the network.

Many thanks

..erm just set it @ .0002 i0C.You can reduce it when we Mooooooooooooooonnnnnnnnnnn  

I believe the normal for all bitcoin clones was that a certain amount of the space on the blocks can be used with no fee at all, at least I think it was back in those days?

So most likely you can actually get away with no fee.

The i0coind help shows a command to set the min fee to whatever you want, but nothing for getting the amount so as to see what it was set to by default.

If you aren't able to figure it out from the source code maybe you can look up what bitcoin's was way back then since typically these older coins are as close to being copies of bitcoin as they can get away with.

Although, even on pretty much empty old blockchains I have seen min fees mentioned when I tried to send everything that was left in a wallet, probably due to new/recent outputs from having just almost-emptied the wallet. I believe though that was the send routine enforcing a fee, most likely I could have set fee to zero (or whatever the minimum is you can set it to) and it still would have gone into the blockchain due to almost all blocks being basically empty.

So unless you have reason to believe the i0coin blockchain has enough transactions constantly to constantly eat up the portion of the block allocated to free transactions you might as well set the fee as low as you can until the blockchain gets busier.

-MarkM-

.0002 i0c is recommended fee for normal speed on the client but you can attempt to set lower from what I read off the source code.

That's an interesting question. I'd ask Vlad or markm. Did you try messaging them since we are only periodically here?

Hi,

I am from Nova Exchange. Our system is unable to calculate the minimum transaction fees for I0C.
What is the minimum fee per byte or kilobyte used so that the transaction gets included on the blockchain?

Hmm lets use the actual trading mechanism built into Stellar. I will fire up Stellar and put a bunch of I0C tokens for sale for Stellar Lumens (XLM) if I have not done so already. I have been meaning to for so long that I don't remember whether I ever actually found time to do it. So I guess if it is not already done the time to do it has come. Hopefully I'll also find time to do the same for IXCoin, DeVCoin and so on through the list of all the coins I have implemented, and what the heck I'll also check each one as I come to it to make sure I did post an info page about it on the http://makemoney.knotwork.com/ site stating its symbol and issuing account and issued-to account.

So you should be able to look at the page http://makemoney.knotwork.com/stellar/i0c/ and see there that the symbol is I0C, the issuing account is GBHAQ252S4Z4AQOM4BWIRC3UHAOJIKCZQBUJGD336YH2O7W2NKRXMHA5 and the issued-to account is GATCAX6Q2TGGGU4Y7NJOSJCQ3SXZUWBTLJOKHKOK7LXZODXDJQCWXGX6

The page also attempts to explain that part of the purpose of having an issued-to account is so that folks don't send the tokens back to the issuing account, which would un-issue the tokens. I know a lot of exchanges do like to issue and un-issue tokens dynamically as people deposit and withdraw, but I prefer to issue in advance a number of tokens representing real coins I really have on hand on their own blockchain in my own wallet and in effect buy and sell those tokens rather than risking any kind of "live" ("hot") creation and destruction of tokens as coins come and go from a "hot" wallet.

The issued-to account also helps me keep track of how many I actually issued of each token since I set the trust line of the issued-to account to the number I issue.

I got the above info by looking at the page so yes I did already get around to making I0Coin-on-Stellar's page.

Now I just need to fire up my Stellar wallet and see about placing some I0C tokens for sale for Lumens if I haven't done that already.

When the time comes that you want to "bail out" I0C tokens for real I0Coins on I0Coin's own blockchain you will be sending the I0C tokens to the issued-to address so that the tokens still exist (because, afterall, the real coins they stand for still exist), and I will send you I0Coin on the I0Coin blockchain. I have more than twice as many I0Coins as the number I have issued tokens for so basically I will be buying the tokens using other I0Coins not un-issuing the tokens. (The tokens remain, to represent other coins I still have securely in a wallet even after buying the tokens from you with real coins.)

Don't just blindly send tokens to their issued-to address without warning though; we will need to co-ordinate so I know they are coming and to what real-coin-blockchain address to send you the real coins.

OK I am off to fire up my Stellar wallet now...

...OK I put a whole pile of buy and sell offers I0C/XLM. Too many buy offers actually, ran out of lumens oops.

Have started to put sell offers of other coins too but I guess I won't be able to put in buy offers for them until I get some lumens by folks taking up my sell offers.

-MarkM-

Okay- I am open to keeping this public if it's safer for everybody.

If I am following you correctly- basically I need to buy some XLM, send it to the listed address under i0c that you have starting with G where the amount in XLM I send will be exchanged for the equivalent amount of i0c at the current rate you have it at?

Then you will in exchange send the i0c coins to my i0c address that I will provide you with?

Just making sure we are on the same page.

I may try out around $100 USD equivalent amount of XLM for the amount of i0c that would probably come out to a bit north of 3K i0c coins I believe to make sure we are on the same page and we can do this transaction securely then I will come back with a higher amounts. Sounds fair?

Maybe use the Stellar platform? Make an offer. On the Stellar network you can offer anything for anything, you do not have to use Stellar Lumens as part of the trading pair.

See http://makemoney.knotwork.com/ for asset ID and issuing account.

The one glitch I foresee with the Stellar and HORIZON platforms though is as far as I know there is still no code for automated sites for bailing coins into and out of the platform that is considered robust enough for production use. Presumably all the exchanges that have deposit/withdraw on Stellar either are using dubious code or fixed the code without releasing the fixed version back into the free open source repository. This means I have to manually redeem tokens for actual one-blockchain coins and manually give folks tokens in return for actual on-blockchain coins, which obviously is not worth the time and effort for trivial quantities.

Thus although in principle you can trade anything for anything on the Stellar network in practice is is probably easiest to offer Stellar Lumens, and of course to buy enough of a coin to make it worth the manual time and effort of sending out actual coins to you on the blockchain.

So I guess in practice I am going to have to end up either charging a manual-handling fee of some kind for puny amounts or only cash people out when they have a hefy amount of coin to cash out. ( Like hey if you wanna cash in or out 100k+ I0Coins or IXCoins I won't need to charge a fee as that'd be a significant enough amount to be worth my time. )

You can buy Stellar Lumens lots of places. If Ripple XLM would be more up your alley then go ahead and make an offer on the Ripple network, since with both Stellar and Ripple it is really the person getting the newly-invented token that "invents" it, not the "issuer". That is to say, you can make up an asset, such as "I0C" for example, "trust" my issuer account for X number of them, and presto the network will let me send you some of those newfangled I0Us you just invented. I won't even be told I am to be their issuer, those networks are weird that way, if I go to send you something they will simply ist the new asset among the assets I can send you, despite the fact I have none and never heard of them before, and let me send them, creating them as IOUs (I owe you x number of them) as I send them.

I have not really gotten into using Ripple for this yet since a potential problemwith RIpple is that the company behind it seems to have pulled away from the original concept whereby it was an IOU network where anyone could owe anyone anything, and moved toward know your customer and anti-money-laundering and so onto such an extent that they stopped having an actual wallet a user can have at home. So Stellar is very much preferred. With Stellar we can run our own wallets on our own machines. So hmm yeah although in theory we could use Ripple I am thinking it is probably best to just avoid ripple as being too much like "big brother", too suspect. I would accept payment for stuff in Ripple XRP's though since they are an easy-to-sell-for-dollars token.

Ultimately though you have to trust me however we do it. So maybe right out in public is better than private messaging so if I rip you off everyone can see that I did.

-MarkM-

Not live yet but looks like its imminent. Curious to see what kind of prices/size they have available when it goes live.

I0C has been listed on Novaexchange.