Topic: Ixcoin TODO - page 279. (Read 631736 times)

Of course it is long term.  You want to invest in a coin that keeps up with latest updates.

You keep saying that but it is not true.  

IXC lacks support for P2SH, multi-sig, dust prevention.  On top of that it is missing about two dozen security and performance enhancements.  It uses the older flawed database system.  It has a different minting rate,  support to miners will drop to zero aburptly, and it has an unknown future in the case of cheap ASIC based 51% attacks if miners drop it from merge mining.

By your logic every single altcoin is a perfect identical clone of Bitcoin.

Posting here so i can read the updates to an interesting thread. Oh and stalking vlad.

Need your predictions more than ever now!

Just n FYI, I think the doubling overnight was the continuance [and acceleration] of the influx of new investors.

I've been tracking DGC which was at par with ixCoin last week and even though DGC has been in free fall for months now it too doubled overnight for no reason.

So new money is coming in just like I said and this trend will build up in a massive way in the coming months and many will try to speculate on the next Bitcoin as they realize they missed the boat.

And this is where ixCoin has the biggest advantage and stands alone:  it is a perfect identical clone of Bitcoin with more liquidity.  And the fact mining ends in 15 months should only add to the hysteria.


ixCoin should continue doubling every 1-2 weeks from here on out on fresh speculative money and once it pops over $1 it will appear like a credible coin at which point a banker or hedge fund can easily take it over ~$10 in a matter of weeks.

I think the spark to take this up another level will be either an imminent Bitcoin ETF license or some big name hedge fund or Venture Capitalist putting real money not only into Bitcoin but also another alt coin, like ixCoin.

That would lend much needed credibility to alt coins and bring in millions in fresh dollars nearly overnight.

I contacted the couple guys who said they would pitch in plus what I was gonna pitch in and I'm waiting to hear back.  I know it won't be a lot but hopefully ixCoin will keep going up and then it will add up to something.

Thanks again.

The problem for IXC for the longest time has been that the developer has not updated the code for over 2 years!!!

At least with my work on this, there some semblance of activity and maintenance.

Honestly,  a thankless job.  I get heckles from the peanut gallery without even a cent of IXC sent to me as thanks.  Oh well,  typical crypto-community.

PROGRESS REPORT:  I'm loading in the entire IXC block chain with the new 0.8.5 client!

Thank you.

Mark, can you comment on this?


On the bright side, it may be this code update or maybe a coincidence but the run to ~$10 I've been calling for in the next 30-90 days appear to have started.  

I hope everyone got at least the $50 I've been pushing for.

I will try to make it as identical in protocol as the current version.

However, there are BIPS in the new code that I will have to disable.

We however need to discuss how when these Bitcoin changes are going to go into the chain.   Like schedule like a month from the 0.8.2 client release to have the different improvements get activated.

Read through your last piece... appears you're accusing me of being an idiot without verifying any facts.

I'm working on upgrading IXC to the latest version of Bitcoin.  

What's wrong with that?   In fact, news about this upgrade almost doubled the price of IXC.  

Just because I am working on other coins, doesn't disqualify me on making a contribution to IXC.

Absolutely no change to the protocol or hard cap.  NONE.  

I will not download any new client and your work will be for nothing.

We have nearly 18 more months, we can change the hard cap next year with plenty of time to mine more coins.

Don't you understand that the biggest advantage ixCoin has is the fact that people will see it IDENTICAL to Bitcoin.

Please, please leave the protocol alone.  If ixCoin doesn't sky rocket in the next six months I will personally pay you to do the hard cap alteration.  But for now, please, do not change anything besides the necessary code updates.

Thanks!

Then what is all the crap about modifying a recent bitcoin?

And screwing the economics / schedule of the minting?

-MarkM-

This is exactly where I'm performing my changes out of.  I'll also take a look at groupcoin.

I0Coin should be simple to modify to make a new version of IXCoin.

It already has merged mining, it also has fixes for the RAM problems caused by the older ways of approaching merged mining.

It is based on recent bitcoin code.

Basically all the merged mined coins all are waiting to be updated based on I0Coin so that they can all stop being RAM hogs and will have recent modern code.

If you make a hard fork of IXCoin you are just antoher clonecoin, not IXCoin. IXCoin is the way it is, the way it has always been, and its prices are based on that presumably, including its recent rising in price.

Some idiot who seemingly is not even aware of all the problems of the old merged mining code, nor that I0Coin has new fixes to fix the RAM problems, making a clonecoin  loosely based on IXCoin does not seem helpful at all. Just more pointless and maybe deliberate ignorance. (Why not actually research instead of just jumping in to try to hijack an old classic coin with your favourite clonecoin theories and ignorance of what is actually going on in the merged mining code field?)

This all has been said umpteen times over in many merged mined coin threads.

Just take I0Coin, with all the new fixes that every merged mined coin needs (as all will be RAM hogs more and more without it, it is merely that the faster block times ones showed the RAM problem sooner than the slower block time coins), and update all merged mined coins to that. Noticing, hopefully, though, which that has already been done for and which so far only have the dirty fix done not the full fix.

Please don't send donations to that idiot who evidently has no idea what is really going on in the merged mied coins, especially don't promote the idea of forking an established coin with his new fake version that has the economics screwed around with as the economics is the coin, the whole point of IXCoin, if he wants endless making of coins he has groupcoin and coiledcoin and devcoin for that. IXCoin stops, its know, people buy it anyway.

He just will be sabotage-ing all the people who, depending on the fact no one will be able to minet more soon, have been trying to position themselves in preparation for that time.

Not everyone wants to back coins minted by third parties, some prefer that the coins they back are the coins they minted and sold, so that they know they have the "reserves" to back them with. They cannot do that if cointerfeiters are to just go on printing more of the damn things.

-MarkM-

Folks!

I am making very good progress with the 0.8.5 client of iXcoin.  

Progress so far:

* Update to latest Bitcoin client's code (done)
* Switch away from LFnet to another IRC server
(in progress)
* add seed nodes  ( does anyone have a list of seed nodes )?


I'll be running tests in the next couple of days.

Stay tuned!

Since iXcoin has doubled since we started discussing this port,  I would appreciate some help.

Send bounty to:   xm7RZfDQyiYqFQZ6Q9ZgtSkX9e8uBJ3SLY

Ok.  I understand your concern about changing the hard cap.

How about a compromise, that is the subsidy rate halved at a certain block chain and continue to be halved until we reach 2033?   

I think it is best for ixcoin to address the looming 2015 hard cap.   

BTW, does anyone know which pools currently support merge mining with ixcoin.  I know ghash,io does, but what about the rest? 

For ixcoin to make a hard fork, we need a lot of testing prior it to get into the pools, plus we need to coordinate that rollout with the pools.

I'm not a computer guy but I do understand how cryptos work which is why I said for some time now that Scrypts are dead because sha will allows be more secure as ASICS make it that way.  And merge mining adds the final nail in the coffin for scrypt coin.  Unless of course they get ASICS but it has to be soon which I doubt will happen.

That's fine, but please don't make any changes to the end date or the hard cap.  Let's wait a few months to see what all these new investors coming in right now think of all these coins.  There's enough to mine for nearly 18 additional months - so let's see what the new and large investors like about ixCoin, if anything.

I have not revealed to you the details of legitcoin, so I can't explain to you why zero miner subsidy works for such a coin.  I have not released it yet because I am still trying to figure out how best to re-distribute the coin.

iXcoin however must have a subsidy.  That is why it is merged mine.  That is why it is more valuable that other SHA256 coin.   You remove this feature, then you will see instant death.    I think there is something you don't understand about crypto coins.  The hash rate secures the network, remove it and the network is extremely vulnerable.   ixcoin interestingly enough because it is merged mined has the fourth largest hash rate.   This hash rate is greater than PPC ( a coin worth of 20 million USD).   

Anyway, I'll be working on the new 0.8.x version of iXcoin.    This is the first step in legitimizing the coin. 

(1)The merge miners obviously are selling when they can.

(2)If this coin doesn't get updated pronto, then it'll continue to get very little respect.  

(3)Yes, it is obvious that there isn't enough coin to go around.

(4)The coin needs to be on a bigger exchange to grow.  Vircurex and Cryptsy are small exchanges.  Someone may need to pay some bounty to get it on an big exchange like BTC-E or MCXNow.

I don't understand how you felt a new coin [legitcoin] which nobody knew about and was not merge mined would do fine without a subsidy but ixCoin, an old and well known coin - a coin which many miners are vested in and is merge mined for free will fail without a subsidy.

Either way, we have until mid 2015 to change the protocol [hard cap and end date] so I definitely do not want to mess with it until it's absolutely necessary.  We will know much more in the coming months about what new miners are looking for in a coin and more importantly - what larger investors and hedge funds are looking for.  

Because after Bitcoin pulled off what most thought was impossible (hitting $1,000) and after Bitcoin gets an ETF license, you can bet large investors and also hedge funds are gonna look at reverse engineering Bitcoin and at which existing coin would have the best chance to repeat Bitcoin's success and I have already stated the numerous reasons why I felt these guys would lock-in on ixCoin, which were the exact reasons I chose ixCoin out of the now 100+ alt coins, to be the next huge crypto hit.

So there is plenty of time to change the protocol and hard cap and it would be a mistake to do it now before we see what real investors are looking for.  Right now the majority of people in these coins have not been professional investors but rather computer and software type guys and hedge fund-type investors, those are a different breed as we will soon find out.

The large purchase orders for ixCoin continue.  

I'm not sure who this is but it's a good sign.  And as everyone can see, not many coins are available for sale. On any given day one is lucky to be able to buy 10,000-15,000 coins.  That's really nothing if you were to all of a sudden get a bunch of people wanting in all the time.  I would expect many more coins for sale for a coin nobody wants and with nearly 17 million coins outstanding.  Before Bitcoin shot up I heard they were too cheap for anyone to care to sell.  Now that Bitcoin is up and ixCoin is still at the same level as 6 months ago, thus making it much more valuable, I still don't understand why we don't see a bunch of ixCoin being dumped on the market.  You know, because nobody wants it.  

Cause even when ixCoin was manipulated to much lower levels, the very first time (some 4-5 weeks ago from 9,000 down to 4,000) it was done on maximum 60,000 coins and this last time (some 1 week ago from 4,400 down to 1,000) it was done on literally ~10 ixCoins.  So in both cases, not very much, given there's 13,000 coins minted daily and the near 17 million coins sitting out there and for some reason these people who think ixCoin is or should be dead and is worthless don't want to part with ixCoin, not when it's worthless and not now when it's worth a lot more.

Does anybody's else find this interesting and odd?


We will be at my trigger point of 80% [of the 21 million] in about 23 days or so.  You need to leave some crumbs and enough time for the birds to feed if you're gonna get this thing to become really popular.