Topic: Ixcoin TODO - page 263. (Read 631753 times)

website looks better, great job

Well, look who's back.  I think he heard you all missed him so much.


https://bitcointalksearch.org/topic/the-vlad-is-back-ixcoin-on-track-for-10-411430

2-3 months is what I'm getting.

I think he just means we should change the name of colored coins just for iXcoin code update to better explain what the function will be of the colored coins source code will be.  We can call it anything we want I imagine.

Are you talking about 2-3 months?

Then you said:

"Okay,  the name 'colored coins' is really confusing to a lot of people.
We have to come up with a different name."

I don't get it: are you part of the coloredcoins.org team to the point you can change the name?

Here is the draft:  http://ixc.boards.net/thread/25/draft-press-release 

Please add your comments.

I am hoping to get the Colored coins stuff included to get maximum bang for the buck.   A press release for a coin that does not reveal any differentiation may temporary push the price up but does not have a lasting effect.   I have been watching the price for Franko after their press release,  it did bump up the price, but the price eventually fell down.

So if we are to reveal iXcoin to the world,  it has to be extremely effective it explaining why the coin is different.

When is the first one expected to come out?

Thanks.

No it has not yet been released. 

Did the press release abou IXC come out?

I think we can adjust the dust threshold can always be reduced over time.

Maybe relate it to "X marks the spot"? Marked coins. Mark a coin with your "X" - your arbitrary label, name, mark?

"I 'X' this Coin... Let X be a gram of gold."

"I 'X' that Coin... Let X be a share of my company."

Etc.

Mind you, when minting stops the limited number of the coin existing might drive the price out of reach just as Bitcoin prices seem to be driving the use of Bitcoins as marked coins for low value items out of reach. Maybe in the end a coin that keeps minting forever will turn out to be where at least the low end (low value) marked coin applications will tend to go.

-MarkM-

Okay,  the name 'colored coins' is really confusing to a lot of people.

We have to come up with a different name.

What this function allows anyone to do is to create their own coin (currency), their own bonds, their own stocks or something that's backed by something else, like for example gold or silver.   So let's say I started a company and I wanted to raise funds for that company,  I could create 1 million shares of that company and trade it as a crypto coin.   What happens is that anyone in the world can acquire these shares and sell these shares in any exchange.   So some guy in China who does not have access to the NYSE can actually buy the companies shares.

Shares are one way to raise capital,  another is to create a bond where you pay interest on holders of that bond.

What about precious metals?  Say you have a 1,000 silver coins,  you can create a currency that represents that silver coins.  You can sell those coins on an exchange with the stipulation that anyone who has 1 of these coins can redeem it to receive a real silver coin.  Why would someone not just buy silver instead?  That is because silver is not transportable across nations and silver costs money to store and secure.

Anyway, the applications are enormous.

Why is iXcoin a better vehicle than Bitcoin?    Well because Bitcoin is very expensive,  if I needed to create 1 million shares, I would need 1,000 bitcoin to do so, that will cost $850,000 which is not affordable.  By contrast with IXC, it would cost $120.

Here is a youtube video that may help.  http://www.youtube.com/watch?v=fmFjmvwPGKU

Within 60 days of the Bitcoin 0.8.7,  I don't know when that will happen though, but hopefully it will be soon.

Bitcoin 0.8.7 is a bit major because it changes how you interact with merchants.   I think this is the ideal time to introduced to CC functionality.

Speaking about CC,  I've had some discussion with the CC lead.  Posted on http://ixc.boards.net/thread/32/native-colored-coins-specification

Great point.

I know just the guy.  lol.  Vlad doesn't have to get it to sell it.  He just needs to believe it like be believed laughing stock xCoin could become greater than Bitcoin when most thought it was already dead.  We need that kind of believer back - along with this CIA, KGB, NSA, JP Morgan guy (frixtion) and we're well on our way to a great team.  

Then just one good code release to show the world xCoin is not a scam and we're good-to-go, brother!

Probably that's the reason why iXcoin is still dragging: nobody gets colored coins. Me first. Yes, looks like a great idea, but if I should convince someone about the value of colored coins, why the cryptoworld will welcome them so much, why ixcoin is supposed to end up in the center of this project and not bitcoin, how this project is gonna affect the market, why people will feel the need of it, well ... I could not do it. Why? I am the first with a foggy view of it.
When a nobody like me will be able to get it, it means you had made it understandable to everybody. Can you?

@frixtion,

So you're saying the .7 code update along with the colored coins code upgrade will be out to the masses within 90 days?

That's huge!  HUGE!

Wow man, I guess I didn't quite fully understand colored coins.  I thought CC was simply a seamless way to embed contracts i to the Digital Cash.  

This is beyond cool - it's brilliant and it would create an instant, massive demand for iXcoins.

I don't know about you, Frixtion, you're something else.  You're not just some programmer, that's for sure, not unless there's more of you working on this.  You sure you're not JP Morgan or a Spook?  Lol, seriously.

Either way, this is exactly what IXC needs for mass adoption and it's going that way in an unstoppable way so why not be the first.  This whole ZERO coin and anonymous thing is nice but it's a pipe dream, a bastard-child which will be snuffed out in its crib by Banks, Multi Nationals and World Governments.

Way to go man - I can't wait to see what you'll think of next.  

You guys seriously miss Vlad?  I don't remember a single person ever backing him up.  It seemed like he got nothing but slack and was called insane even as his insane predictions were coming true.  If IXC actually hits $10 I'm gonna owe him in a big way. 

I bought at half of 1 penny on his observations and infectious convictions.  I think a lot of people followed him but they're either quiet about it or they sold when they saw a nice 10 fold - exactly what Vlad said would happen which is why most will never become xCoin millionaires.   I for one will follow his advice and hold for the long haul.  Well, at $10 I'm not gonna  feel stupid if I don't sell but that kind of return is unheard of so I won't feel so bad I sell too early.

Thanks. Just hope in more great minds.... 

Whoaa, the withdraw fee on Vicurex is 8 IXC !? thats ridiculous...once the iXcoin market starts to correct itself upward, surely they will have to adjust that  

Dexter, I saw your comment in the cex.io support forum suggesting IXC/BTC. https://support.cex.io/entries/28554767-Convert-NMC-IXC-DVC-to-BTC Seems like we are both lurking in the same areas of the internet, great minds think alike  

I'm doing the best I can.

Kinda miss Vlad