Topic: Ixcoin TODO - page 280. (Read 631747 times)

Maybe you fail to realize that this is a merged coin and that what gives it value as compared to other coins.   If you remove the miners subsidize then merge miners will drop this coin and nobody will be moving the transactions.   

I studied the code a bit,  it appears that best case, I can get an update 0.8.x version out in a week!

Regarding your hardcap suggestion - here's what you wrote to another poster regarding the fact legitcoin had no mining subsidy.  




Quote from: Redcoin on September 22, 2013, 01:24:31 PM

Question:  "what would be the purpose to mine it if the subsidy is 0?"

Answer:  "Mining subsidy is unnecessary if the network hash rate can be acquired by alternative methods."



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I think This is a great point you made and since ixCoin is merge mined for free there's even less reason to stop mining it.  I realize this poses a risk and I could lose everything if people give up on ixCoin in 2015 when the coins run out but I feel the risk is much greater to mess with the protocol and the hard cap.

No way, I do not want to mess with the protocol.  The hard limit has to stay and so does the year end date of 2015.  I have the most to lose here, it seems, so I'll take my chances with the current protocol and end date.

I do not want to turn ixCoin into another crypto turd coin with infinite coins.  The biggest advantage ixCoin has right now is that it's identical to Bitcoin, you change that 21 million coin hard cap and you'll get rid of the biggest advantage ixCoin has.

And I'm not an ixCoin millionaire, I was not Able to buy anywhere close to even 1 million ixCoins, even with all the out of pocket money I spent.  So although I am serious about this I simply cannot afford to pay programmers to do all this work for which a premine was done and allocated.

If wallet encryption can be added for around 15,000 ixCoins and the people who offered to pitch in are still good for their word, then we'll do the encryption, but if that's not possible then I'm gonna wait a few more months because I feel by then ixCoin will be much more valuable and if that happens then I will be able to pay for all the upgrades myself.

But right now that's not possible, Christmas is around the corner, I'm broke, I still haven't found a job and there's no way I'm paying tens of thousands of ixCoins out of my pocket for these upgrades which can wait, especially when I think about that idiot dev who did a secret premine and then promised these coins for bounties and now he doesn't even have the character to speak up and pay those coins out.

So then - unless encryption can be done for a good price then we'll just have to wait to do it all together but no way I wanna touch the protocol in any way, we have to let it be identical to Bitcoin as that's its strongest selling point.  There is currently no other coin besides ixCoin which is identical to Bitcoin - you get rid of that and you get rid of any chance ixCoin has to survive.

Increasing the amount minted and changing the year it's done? In other words, ixcoin just needs a TOTAL MAKEOVER.

There are a ton of improvements that the bitcoin folks have added since the 0.3.24 version.  A lot of vulnerabilities have been patched.

I think we seriously have to consider a 0.8.x version.  That way, not only do we have the latest and greatest client, but we can also take advantage of other stuff that is available for bitcoin like the Armory client.

There are also additional things that need to be fixed like we have to remove the hard limit of the number of coins minted.  It ends in 2015 which is a bit too early.  IXCoin is already exploiting merged mining so we don't want to lose that support.  So maybe after 2015 the subsidy drops by 1/2 and extends out to 2033 like bitcoin.

This is serious stuff.  The code has to be air tight.

So here's what I propose:

(1) Port to the latest Bitcoin code 0.8.x  exclude the mining stuff for the first phase.  The mining can be done by the pools that will not require the new code base.

(2) Work out the merge mining stuff back into the code.

Hey, you are an ixcoin millionaire,  you have better be serious about the entire ixcoin ecosystem.

Oh man, that sucks.  What about just adding encryption, can that be more easily done?

What I am saying is that if you want to move the latest bitcoin code base then you have to re-work the merge mining stuff into the bitcoin code base.

The current ixcoin code base is based on a very old version of bitcoin.

Wow!  That's impressive, you have 65 bitcoins worth of ixcoin!!   Ixcoin fortunately has kept constant relative to bitcoin, so you may have not lost money relative to bitcoin.

So you telling me you have over 1 million ixcoin?

What do you mean, ixCoin has already had the merge mine patch added and is currently being merge mined.

It's odd that such a difficult task was done but wallet encryption or simple code upgrades were not.

It's almost like that was the intention cause otherwise it makes no sense.

The code should start from the latest bitcoin source and modifed from there.     If you are familiar with the bitcoin code base, then the changes should be quite straight forward.

What needs a bit of thinking however it to modify the bitcoin code to support merge mining.

No, I meant to say my average was 8,000 Satoshi.  But yeah, originally I paid $8,000 for my Bitcoins and I paid between $80 and $170 for them. The large majority I got around $130, which seemed so expensive back then and I put all ~65 Bitcoins into ixCoin, so now, with Bitcoin at a much higher price, it seems like I put a lot more than $8,000 in ixCoin.

And it wasn't easy, for some odd reason, ixCoin [a coin supposedly nobody wants] is very difficulty to accumulate so it took me 5 months to finally get so many ixCoins.

It was very hard for me to buy that many and in order to add more I even sold my truck, which was [and still is] a crazy thing to do for such a risky investment.  But I've been around speculative investments a long time and my college degrees are for the same field.

I learned years ago, when you do your work and research and you're absolutely sure, as sure as one can be:  then [in the famous words of George Soros]:  You go for the jugular!

Few investors in the world can detach themselves from their emotions and their money to put it all on the line [when the odds and popular opinion are greatly stacked against you] like that.

So you have 8,000 USD of IXcoin?

Well, this is already done for Bitcoin so can't it be copied and pasted and then add the few necessary changes?  Afterall, ixCoin is an identical clone of Bitcoin, just the block size and the faster maturity differs.

Thanks again!

How difficult would that be and how much would you expect.  As of right now I only have total commitments for 15,000 ixCoin.  It's sad to have to pay for this ourselves when there is a premine sitting there, supposedly allocated for such works.

We would all really appreciate encryption.  I don't care much about the other upgrades, but encryption is absolutely necessary.

The original author, the dev [Thomas Nasakioto] has never responded to my emails or PM's and neither has his supposed brother.

He put up a 30,000 IXC bounty for upgrading the client but I have no access to it since he will not respond.

The 15,000 I am talking about is ixCoins which we [the miners/shareholders] have pitched in.  It's a lot for is as these were not free like the premine being held by the hiding Dev.

So right now that's all I can promise you and I don't have any coins yet from the people who promised them so if their value were to all of a sudden sky rocket I cannot guarantee that they would still give me these coins.

But from what I have seen in the past, a bounty is paid out only after the work has been completed.

BTW, where do you know me from?  You said you were surprised to see me here.

Thanks!

I'm thrilled to say that I accumulated most of mine from 2 cents all the way down to half of 1 cent.  What threw my average off was the 100,000 or so coin which I paid a lot for due to that experiment I tried out where I the the price up 5 fold. 

So my average in Bitcoin is around 8,000 but in USD it's got to be, at most, 1 penny.

So in USD, I'm up quite a bit right now even though I'm down some 30-40% in Bitcoins.

Have you had contact with the original author.   I would like to verify if there is someone else doing this work.

If no one is working on this, then I can start performing the port.

I recall the Litecoin guys where able to come up with a collection to doing the work.   Is that something that you can lead?  That is collecting the coins to do the work?

The great thing about God is that he gave us humans absolute free will.

We are the only species in the world who have the free will to deny the existence of our very Creator and the free will to auto-terminate.  

Many choose to believe in evolution and in aliens even though there is little to no evidence for those things while I choose to believe in God for which there is at least little evidence, at the very least the logical, orderly construct of the universe and everything in it.

Regarding dreams, since I was 16 I have had dreams like video clips and these dreams would happen, the very next day, exactly as I dreamt the night before.  

And even though I really believed in an all-powerful God I simply refused to believe these dreams were real and prophetic, but after like 20 years and around 30 dreams I finally had to recognize that I couldn't be crazy and now I really pay attention to such things.

So I am really curious to see what occurs in the very near future.  And I'm curious to see the reaction of people and now many will then find rational excuses why ixCoin makes it big and how they all knew it all along.

Cause if you look at ixCoin today, it is arguably the least purchased and the least respected coin on the market and the large majority of people think it's a dead or dying coin.

When I got here I could not find one single person who was accumulating ixCoin.  Not one.  I was the first one and I was able to [barely] convince a handful of people to give it a chance and to accumulate at least $50 worth and most thought I was pumping ixCoin to dump my coins.  I couldn't even get the recognition that I was merely trying to help people in the event my theories about ixCoin prove to be true.

So now we wait and we find out [very soon] if I am truly a crazy fool or if there is a method to the madness and some form of logic to the eccentricities.

And let's remember this - today ixCoin has barely passed 3 USD cents ($.03) and if one were to objectively look at it, one would say that the odds of ixCoin going anywhere near $1 [let alone $10] would be somewhere in the millions if not much higher.   Cause on the surface there is nothing there and ixCoin actually looks like the least favorite, the least likely to succeed due to no dev, premine, scam, bad history and perception, no services to speak of, no special features and in general, nothing new to offer.  

And this is why everyone in the world missed what I saw, nobody took the time to dig deep into the true meaning and potential of ixCoin and nobody stopped to look at the macro geo-political and economic view and how ixCoin would be a perfect fit.  

If I am right about this - the time is very near - it could happen in the next 30 days and I doubt it will take longer than 90 days and this added [time] variable takes the odds of a $10 ixCoin prediction into the hundreds of millions.

And in my mind - such a feat, by a mere human, can only come from God the Creator.

Godspeed!

I'm very sorry to rub this in, but chances are very high there is no god. It is a construct by humans in the past who did not understand the chaos and workings of the world and if anything went wrong, they could blame him/her/it. Even if this god person existed you're speaking of here, I don't think he would support your greed. You are on your own here, you are personally fully responsible for your actions, and make no mistake about it, betting on ixcoin may be a better bet than maybe Starcoins or what else is out there, but it's still gambling. Nothing more. And you secretly know it. I wish you luck, but don't push your responsibility onto a higher being.