Topic: If Ixcoin dies then Bitcoin is also doomed - page 2. (Read 2502 times)
What a laughable OP shitpost, lol lol lol.
Wow, didn't realize it was coming up so soon, but you're correct. About 98.4% at the sixth halving, which is like fifteen or sixteen years from now.
That's right.
So, basically, if iXcoin dies then Bitcoin is already dead.
Just something to think about.
Maybe the death of bitcoin will result in the rise of Altcoins, it may not be such a bad news,or they will change it to a non mining blockchain, like a proof of transaction using fractions of the nodes power to do the job instead of mining. It may also be a solution for this coin, but id depends on its acceptance.
Or as everyone here is saying, why not switching to POS or to merge mine with some sister coins, or maybe a "merged mining conglomerate" it would be very insteresting for miners, but someting like this may eventually save a lot of POW coins, bitcoin included, but it must include rewarding coins, and several aspects have to be checked, maybe it will be too late to save Ixcoin, but others may survive.
Can you mine bitcoin right now with low power cost? yes.
Can you trade bitcoin in price range of $720 up to $780 or not? yes you can.
Can you use bitcoin as a payment method in different online shops like fiat money or not? absolutely.
I'd say bitcoin is well and alive wouldn't you?
It has only shown what a relatively short pow mining period coin that has very low userbase will behave. There is virtually no comparison you can make with how bitcoin will pan out.
Hmm,
Are you really going to sprout nonsense like that.
Both Coins use the same algo, they were merge-mined.
Casually referred to as Twins. Both end with the same quantity, the only difference is ixcoin reached the end of their block reward faster.
PoW miners could have continued to merge mine making their main profit off of BTC while handling the transactions for ixcoin and receiving the transaction fees.
They decided the transaction fees were not worth the effort and discarded ixcoin like a used up whore. (No offense to whores)
They will treat BTC the exact same, mine something else , because if you have not noticed,
Pow Miners care nothing for the amount of resources they are wasting or the fact they are raising the electricity prices of their neighbors.
They buy hardware that is outdated / useless within 1½ years, care nothing for their drain on the environment.
Hoard their product to artificially fake a higher price, (you don't really believe that BTC crap is worth over $700) ,
Fake Trading Volume on Markets with no trading fees.
Keep trusting those crooks, they are due for a major sell off to fiat profit in 2017.
No it's not
Kiklo, you're awesome! I love how you just say it like it is. Such logic. So simple. Have a nice day!
Yeah, armchair quarterbacks can sure make the best calls. Simple! He needs to correct Satoshi next; and feel all special inside.
We've been at this for years without a dollar in help from any backers. Without a dime in pay. Without anyone saying: Thanks assholes! Begging for community donations and selling our personal shit to pay coders to give the IXC community better logos, websites, wallets and code updates.
Not quite as simple as hindsight!
Gotta go return some videotapes...
Hey,
I feel all special inside anyway,
Many coins got hit with high difficulty early on, ignoring that and not changing yours to every block is what the underlying flaw of your coin is.
And when the months of time pass and you finally get your coin working, unless you update your code, their is nothing stopping someone from driving the difficulty up on you again.
Your Coin has provided a great service , it shows exactly how the PoW miners will behave at the end of block rewards.
That has been an invaluable lesson to all.
So Thanks for that.
It has only shown what a relatively short pow mining period coin that has very low userbase will behave. There is virtually no comparison you can make with how bitcoin will pan out.
Kiklo, you're awesome! I love how you just say it like it is. Such logic. So simple. Have a nice day!
Yeah, armchair quarterbacks can sure make the best calls. Simple! He needs to correct Satoshi next; and feel all special inside.
We've been at this for years without a dollar in help from any backers. Without a dime in pay. Without anyone saying: Thanks assholes! Begging for community donations and selling our personal shit to pay coders to give the IXC community better logos, websites, wallets and code updates.
Not quite as simple as hindsight!
Gotta go return some videotapes...
Hey,
I feel all special inside anyway,
Many coins got hit with high difficulty early on, ignoring that and not changing yours to every block is what the underlying flaw of your coin is.
And when the months of time pass and you finally get your coin working, unless you update your code, their is nothing stopping someone from driving the difficulty up on you again.
Your Coin has provided a great service , it shows exactly how the PoW miners will behave at the end of block rewards.
That has been an invaluable lesson to all.
So Thanks for that.
Everyone here is screaming the end of the world when talking about this situation but with Bitcoin instead, when all the Bitcoins are mined out don't you think they would of already prepared the network to reward the miners with transaction fees, many people are sending Bitcoins every day so I couldn't see it dying if that gameplan came into play.
There is no reason why other coins can't do the same when they are all mined out.
There is no reason why other coins can't do the same when they are all mined out.
There is one, and it is the most important one.
The price.
1 bitcoin is worth around 750$, how about Ixcoin ? maybe in 15 years bitcoin will be worth 2000$, at this point the TXs will be far enough to pay for the miners, it will be up to them to regulate the diff.
Everyone here is screaming the end of the world when talking about this situation but with Bitcoin instead, when all the Bitcoins are mined out don't you think they would of already prepared the network to reward the miners with transaction fees, many people are sending Bitcoins every day so I couldn't see it dying if that gameplan came into play.
There is no reason why other coins can't do the same when they are all mined out.
There is no reason why other coins can't do the same when they are all mined out.
Wow, didn't realize it was coming up so soon, but you're correct. About 98.4% at the sixth halving, which is like fifteen or sixteen years from now.
That's right.
So, basically, if iXcoin dies then Bitcoin is already dead.
Just something to think about.
Maybe the death of bitcoin will result in the rise of Altcoins, it may not be such a bad news,or they will change it to a non mining blockchain, like a proof of transaction using fractions of the nodes power to do the job instead of mining. It may also be a solution for this coin, but id depends on its acceptance.
Or as everyone here is saying, why not switching to POS or to merge mine with some sister coins, or maybe a "merged mining conglomerate" it would be very insteresting for miners, but someting like this may eventually save a lot of POW coins, bitcoin included, but it must include rewarding coins, and several aspects have to be checked, maybe it will be too late to save Ixcoin, but others may survive.
Wow, didn't realize it was coming up so soon, but you're correct. About 98.4% at the sixth halving, which is like fifteen or sixteen years from now.
That's right.
So, basically, if iXcoin dies then Bitcoin is already dead.
Just something to think about.
First time I hear about it, seems like it's mining been over already and bitcoin will take another hundred years to be completely mined but no worries we'll think about the doomed part then .
.Bitcoin will be 99% mined out in like 15 years.
You should start worrying right about...NOW!
Wow, didn't realize it was coming up so soon, but you're correct. About 98.4% at the sixth halving, which is like fifteen or sixteen years from now.
First time I hear about it, seems like it's mining been over already and bitcoin will take another hundred years to be completely mined but no worries we'll think about the doomed part then .
.Bitcoin will be 99% mined out in like 15 years.
You should start worrying right about...NOW!
First time I hear about it, seems like it's mining been over already and bitcoin will take another hundred years to be completely mined but no worries we'll think about the doomed part then .
. Kiklo, you're awesome! I love how you just say it like it is. Such logic. So simple. Have a nice day!
Yeah, armchair quarterbacks can sure make the best calls. Simple! He needs to correct Satoshi next; and feel all special inside.
We've been at this for years without a dollar in help from any backers. Without a dime in pay. Without anyone saying: Thanks assholes! Begging for community donations and selling our personal shit to pay coders to give the IXC community better logos, websites, wallets and code updates.
Not quite as simple as hindsight!
Gotta go return some videotapes...
I remember Ixcoin :') but just let it die.
Quitter!
You may get your wish in the next few weeks.
I remember Ixcoin :') but just let it die.
Kiklo, you're awesome! I love how you just say it like it is. Such logic. So simple. Have a nice day!
i doubt iX could/would hardfork.
perhaps a spinoff?
i don't think a PPC-like POS/POW hybrid +MergeMined exists yet? (maybe decred but that's on Blake)
perhaps a spinoff?
i don't think a PPC-like POS/POW hybrid +MergeMined exists yet? (maybe decred but that's on Blake)
We've bounced around the idea of forming our own merge-mined coin syndicate. A few great, legit, honest coins are being left to die. We can also move to Keccak since it's a better algo + maybe going to multi-algo. Not sure about PoS since that would require changing the hardcap.
i doubt iX could/would hardfork.
perhaps a spinoff?
i don't think a PPC-like POS/POW hybrid +MergeMined exists yet? (maybe decred but that's on Blake)
perhaps a spinoff?
i don't think a PPC-like POS/POW hybrid +MergeMined exists yet? (maybe decred but that's on Blake)
Change the algo to POS and problem solved..
PoS alone is not secure enough.
Set the minimum stake age like an hour the Difficulty # will be extremely high.
Set a rolling checkpoint like blackcoin or Nxt , that refuses reorgs after a # of confirmations.
There is nothing more secure than that.
Everything before the rolling checkpoint is sealed in stone.
Compared to BTC weak ass security (51% attack by the Chinese Miners that have shown as high as 70% in the past year)
Considering the last 12 hours of transactions history can be rewritten at a whim, if the Chinese mining pools get pissed.
Tell me again how PoS is not secure, when PoW security has been a drive-thru at a Chinese Restaurant for over a year.
(It makes me Laugh!)
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