Topic: IXcoin -- enough is enough! - page 5. (Read 9019 times)
I could care less about people forking around but if you're going to complain about it.. do it on their forums. We've got enough worthless threads here.
When you're talking about an open-source alternative currency, forks are NOT a good thing.
If you're talking about software, electronics, etc. then competition is great. The more the merrier.
But Bitcoin is already around -- it's open source, not owned by one company. We should *want* everyone's efforts concentrated on one electronic currency. Competition is a bad thing in a case like this.
It's less like Verizon vs AT&T and more like VHS vs Beta or HD-DVD vs Blu-ray. Until one prevails, everyone's going to "wait and see". You can't have umpteen open formats competing for the same 5,000 people.
If you're talking about software, electronics, etc. then competition is great. The more the merrier.
But Bitcoin is already around -- it's open source, not owned by one company. We should *want* everyone's efforts concentrated on one electronic currency. Competition is a bad thing in a case like this.
It's less like Verizon vs AT&T and more like VHS vs Beta or HD-DVD vs Blu-ray. Until one prevails, everyone's going to "wait and see". You can't have umpteen open formats competing for the same 5,000 people.
People are suckers and only suckers care about IXcoin.
That's what everybody told me about Bitcoin.
The pre-mined coins were held so bounties could be offered to promote and expand iXcoin
https://ixcoin.org/wiki/index.php?title=Category:Bounties
https://ixcoin.org/wiki/index.php?title=Category:Bounties
Which only adds up to 228,500 ixcoins. He kept 351,500 for himself! (you really think he'll even pay a quarter of those bounties?)
He's got 2,109 equivalent in bitcoin at .006 exchange rate. Bitcoins are trading at 11.5 at the moment, so he's holding about $25,000. That's not to mention that tens of thousands he mined after announcing. The only person benefiting from ixcoins is the Nasakioto, who only ripped off bitcoin and added minor changes. I've got to hand it to him, he knows how to profit big off suckers.
People are suckers and only suckers care about IXcoin.
IXCoin is fine.
You are just making free publicity...
The software is open-source and everyone can start a new blockchain...
If you don't like the chain, don't use it...
You are just making free publicity...
The software is open-source and everyone can start a new blockchain...
If you don't like the chain, don't use it...
This. I don't understand why this infinitely simple concept is so hard for some people to wrap their heads around.
Even if he pays all the bounties as promised there is still a +380K overhead, the bounties sum up to ~200K.
You will see at the bottom of the page it also says - 'Please add your bounties here' (I'm guessing this means more monies will be needed to cover these bounties?). As I understand it it has already been stated publicly that some of the remaining coins have been set aside for additional promotional purposes.
Btw, didnt Satoshi mine Bitcoins before releasing it to the public? And what were these coins used for?
Better i make gabicoin then...
What are the dangers of holding ixcoin? Apart from their possible loss of value (if there is any there already)
seems it reached a peak of about 0.009 btc and is now hovering between 0.004 and 0.005.
He did change something, two numbers.
The number of blocks to be solved in specified time.
And the number of coins per block.
The consequences of said changes are:
A much larger block chain (storage wise), and the 21million limit will be hit much earlier than with bitcoin.
Looking at it from a free market point of view, comparing two products, bitcoin and....ixcoin.
What are the advantages of ixcoin:Get's to leverage bitcoin technology base, essentially it would be trivial for people who are already accepting bitcoin to accept ixcoin.
what are the dissadvantages: no one is really accepting ixcoin yet, massive initial inflation, steep drop when minting ends.
What are the dangers of holding ixcoin? Apart from their possible loss of value (if there is any there already) the possible (probable?) collapse of the network when minting limit is hit, or even if the network is abandoned before this event.
Sure go ahead with ixcoin, but don't say you haven't been warned.
The number of blocks to be solved in specified time.
And the number of coins per block.
The consequences of said changes are:
A much larger block chain (storage wise), and the 21million limit will be hit much earlier than with bitcoin.
Looking at it from a free market point of view, comparing two products, bitcoin and....ixcoin.
What are the advantages of ixcoin:Get's to leverage bitcoin technology base, essentially it would be trivial for people who are already accepting bitcoin to accept ixcoin.
what are the dissadvantages: no one is really accepting ixcoin yet, massive initial inflation, steep drop when minting ends.
What are the dangers of holding ixcoin? Apart from their possible loss of value (if there is any there already) the possible (probable?) collapse of the network when minting limit is hit, or even if the network is abandoned before this event.
Sure go ahead with ixcoin, but don't say you haven't been warned.
I will only add that "Thomas Nasakioto" is a re-arrangement of the letters in "Satoshi Nakamoto":
Quote
On top of that, his name is found to be an anagram of Satoshi's full name.
seems you didn't 'add' much
IXCoin is fine.
You are just making free publicity...
The software is open-source and everyone can start a new blockchain...
If you don't like the chain, don't use it...
You are just making free publicity...
The software is open-source and everyone can start a new blockchain...
If you don't like the chain, don't use it...
The pre-mined coins were held so bounties could be offered to promote and expand iXcoin
https://ixcoin.org/wiki/index.php?title=Category:Bounties
https://ixcoin.org/wiki/index.php?title=Category:Bounties
Which only adds up to 228,500 ixcoins. He kept 351,500 for himself! (you really think he'll even pay a quarter of those bounties?)
He's got 2,109 equivalent in bitcoin at .006 exchange rate. Bitcoins are trading at 11.5 at the moment, so he's holding about $25,000. That's not to mention that tens of thousands he mined after announcing. The only person benefiting from ixcoins is the Nasakioto, who only ripped off bitcoin and added minor changes. I've got to hand it to him, he knows how to profit big off suckers.
The pre-mined coins were held so bounties could be offered to promote and expand iXcoin
Even if he pays all the bounties as promised there is still a +380K overhead, the bounties sum up to ~200K.
The pre-mined coins were held so bounties could be offered to promote and expand iXcoin
https://ixcoin.org/wiki/index.php?title=Category:Bounties
https://ixcoin.org/wiki/index.php?title=Category:Bounties
I doubt anyone will take it to seriously. Maybe some miners will just because they can mine 'bigger' numbers. But like you said..it didn't change anything but the name.
I've mined namecoins (because I like the idea behind them) but haven't done so with ixcoins, I don't really see the point.
I've mined namecoins (because I like the idea behind them) but haven't done so with ixcoins, I don't really see the point.
Come on. Taking the BTC source code, changing almost nothing but the name, and trying to compete with Bitcoin (after mining 500K coins for himself, of course)?
#2The pre-mining of 580K Coins was just too much.
I've just bought my 2000 IXC for a very cheap 12BTC
http://img204.imageshack.us/img204/9859/eb6c.jpg
a good thing.
All these stupid threads about a new fork, wether it changed just the name or not is pointless.
Do you understand the concept of free market? If people want to use ixcoins and make profit or lose money then its up to them.
Thus far ALOT of people have been profiting from ixcoins, not just the creator.
If I start up a new fork and call it bitixcoins and people want to trade it, its up to them and I have the freedom to decide wether I want to invest even 5minutes to create such a fork.
You will be surprise what people see as value were you can have just the name ixcoin meaning potentially more to alot of people than the name bitcoin and it doesnt matter which came to be first. Only a namechange can have a bigger impact or a greatest downfall, no one can say for sure right now.
Do you understand the concept of free market? If people want to use ixcoins and make profit or lose money then its up to them.
Thus far ALOT of people have been profiting from ixcoins, not just the creator.
If I start up a new fork and call it bitixcoins and people want to trade it, its up to them and I have the freedom to decide wether I want to invest even 5minutes to create such a fork.
You will be surprise what people see as value were you can have just the name ixcoin meaning potentially more to alot of people than the name bitcoin and it doesnt matter which came to be first. Only a namechange can have a bigger impact or a greatest downfall, no one can say for sure right now.
If you don't like it - just ignore it.
Wow...
Wow...
I thought about that -- just starting a thread about it gets people talking about it. I know what you mean.
I certainly don't intend that!
If this is a tempest in a teapot, I apologize.
I certainly don't intend that!
If this is a tempest in a teapot, I apologize.
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