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Topic: Ixcoin TODO - page 38. (Read 631748 times)

legendary
Activity: 3052
Merit: 1534
www.ixcoin.net
January 04, 2016, 05:58:05 AM
When did IXCoin start getting stuck? I took out 50,000 easy and fast just a few days ago. I have also never had any trouble withdrawing AXIOM.


I've been completely jammed up for months.  I'm 'bout to rain down fury and madness on BigVern (who I hear is actually me, lol).
legendary
Activity: 2940
Merit: 1090
January 03, 2016, 09:04:21 PM
The hacking problem is why all along I had always assumed I would be using an Open Transactions server, and also had always planned to in effect have it be more than 100% reserve rather than fractional reserve or merely 100% reserve.

Basically the idea is that once tokens are created representing coins, the coins those tokens represent will never move until the tokens are destroyed, and the server will not be creating and destroying tokens on demand, sending out coins from hot warm or cold wallets when tokens are destroyed.

Instead, coins would be frozen "forever", that is, until such time as the system is to be closed down or is going to no longer trade in a particular coin.

Ideally centuries could go by with the system becoming an ancient institution, still with the same original coins in super-cold wallets, never moving.

The more than 100% reserve concept comes in to it due to the desire people might have to cash tokens out for actual on-blockchain coins.

The idea is that that function would be a third party function, a distinct thing, a service that buys and sells tokens. The coins represented by the tokens would not move, only the tokens would change hands. So if someone for example bought up all the dBTC (digiBiTCoin) tokens that represent actual bitcoins frozen in a supercold wallet cryptographically diffused across several Fortresses of Solitude, there would need to be that many actual bitcoins available to "cash them out" with over and above the supercold-wallet coins those tokens actually represent.

We would not destroy tokens to release bitcoins back into circulation, rather the tokens would be bought and sold using other, additional bitcoins.

This of course meant that I was not able to enter more than half as many coins of each type into the Open Transactions system as I actually had, because I held onto as many coins as I put in so that I could be the bailer-out-of-funds of last resort in the event third parties did not materialise to take on the "bailer in and out of the system" functions.

So in theory the coins ought not to be able to be hacked, because they would be in wallets in safe-deposit boxes or buried or whatever, wallets there is no plan and hopefully no need to ever actually go and dig up.

Remember that tribe that made stone wheels as money? And the King had a huge such wheel behind his throne? And it rolled into the sea one day? They were able to keep on using it as money because all that they needed was to know who owned it currently, regardless of the fact it was on the sea-bed and they could not go get it from there.

It'd be like that: the tokens represent coins, but ideally we never need touch those coins because we just buy and sell ownership of them and always have on hand enough additional coins to cash out all the tokens.

Unfortunately this does mean that for each million of a coin we have on the server, an additional million need to be somewhere ready to buy the tokens that represent the million coins bailed-in to the system. But it did seem to me that at least for using the markets to trade all the coins and other assets against each other this should be a system reasonably immune to hacking.

(Note that in Open Transactions all balances are cryptographically signed, your balance cannot be changed without your private key being used to sign the new receipt-aka-balance.)

-MarkM-
member
Activity: 116
Merit: 100
January 03, 2016, 03:54:46 PM
+100

What platform will you use to issue the shares? Are you worried that this will be viewed as an unregulated ETF? And upset the imperial american planet?

Deadsea on fire, smoke on the water. Keep up the good work.

You know now that im thinking about it the CLTV function could be  possibly used to lock coins on either thread provably for this markm idea. Im curious about things like security as wallets seemingly get hacked all the time.



When did IXCoin start getting stuck? I took out 50,000 easy and fast just a few days ago. I have also never had any trouble withdrawing AXIOM.

Which reminds me, I am thinking it could be useful to form an asset somewhere that basically takes in merged mined SHA256 altcoins and never lets them go (well at least until someone buys up over half of the shares to have a controlling interest and changes that policy), as a way of being able to trade in such coins and store value in them without the bulk of them ever hitting the exchanges directly.

Since obviously such a Corp would need a method of continuing to grow its holdings, I figure it should also hold large piles of staking coins, so that periodically it can use some of the coins it gained by staking to buy up IXCoin, I0Coin and so on (merged mined SHA256 coins, starting with IXCoin and I0Coin).

To help the Corp initially accrue the coins it wants, I am thinking it should sell its initial shares offering for such coins.

Hundreds of thousands of such coins are already sitting around waiting to go into such a Corp, but rather than again leave out the forum users who are not members of in-game clans, guilds, associations, parties and such whose officers are already looking to form such a Corp I figured I might as well check whether forum-denizens might be interested in such an asset / such a Corp.

As usual, because roleplaying game players/characters are unlikely to sell any item that just keeps creating treasure for them, it would not be a dividend-paying asset, as players could be expected never to part with such an asset. Rather, it would be a growth asset, that is, realising the profits would require selling the shares, thus creating motivation for players to actually sell some sometimes instead of just holding them forever creating a monopoly on them.

Also of course paying dividends would result in coins hitting exchanges, which is precisely what the Corp aims to prevent. Once it gets a non-staking coin it plans to hold it forever, using proceeds of stake to buy more such coins while also allowing its staking capital to grow.

-MarkM-

sr. member
Activity: 392
Merit: 250
my magic is growing strong[er]
January 03, 2016, 02:32:00 PM
markm, I like your idea.
legendary
Activity: 2940
Merit: 1090
January 03, 2016, 01:56:04 PM
When did IXCoin start getting stuck? I took out 50,000 easy and fast just a few days ago. I have also never had any trouble withdrawing AXIOM.

Which reminds me, I am thinking it could be useful to form an asset somewhere that basically takes in merged mined SHA256 altcoins and never lets them go (well at least until someone buys up over half of the shares to have a controlling interest and changes that policy), as a way of being able to trade in such coins and store value in them without the bulk of them ever hitting the exchanges directly.

Since obviously such a Corp would need a method of continuing to grow its holdings, I figure it should also hold large piles of staking coins, so that periodically it can use some of the coins it gained by staking to buy up IXCoin, I0Coin and so on (merged mined SHA256 coins, starting with IXCoin and I0Coin).

To help the Corp initially accrue the coins it wants, I am thinking it should sell its initial shares offering for such coins.

Hundreds of thousands of such coins are already sitting around waiting to go into such a Corp, but rather than again leave out the forum users who are not members of in-game clans, guilds, associations, parties and such whose officers are already looking to form such a Corp I figured I might as well check whether forum-denizens might be interested in such an asset / such a Corp.

As usual, because roleplaying game players/characters are unlikely to sell any item that just keeps creating treasure for them, it would not be a dividend-paying asset, as players could be expected never to part with such an asset. Rather, it would be a growth asset, that is, realising the profits would require selling the shares, thus creating motivation for players to actually sell some sometimes instead of just holding them forever creating a monopoly on them.

Also of course paying dividends would result in coins hitting exchanges, which is precisely what the Corp aims to prevent. Once it gets a non-staking coin it plans to hold it forever, using proceeds of stake to buy more such coins while also allowing its staking capital to grow.

-MarkM-
legendary
Activity: 1848
Merit: 1001
January 03, 2016, 01:41:55 PM

At the moment, it is very dangerous to deposit BTC to Cryptsy. There are many complaints that BTC withdrawal is pending at Cryptsy and Ixcoin withdrawal may be stuck. It would be safer to wait to buy Ixcoin at other exchanges.

I can confirm this, everything there is trapped for me for months.  Use caution.

https://bitcointalksearch.org/topic/m.13430917
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net
January 03, 2016, 12:32:44 PM

At the moment, it is very dangerous to deposit BTC to Cryptsy. There are many complaints that BTC withdrawal is pending at Cryptsy and Ixcoin withdrawal may be stuck. It would be safer to wait to buy Ixcoin at other exchanges.

I can confirm this, everything there is trapped for me for months.  Use caution.
legendary
Activity: 1344
Merit: 1000
January 03, 2016, 09:03:08 AM

At the moment, it is very dangerous to deposit BTC to Cryptsy. There are many complaints that BTC withdrawal is pending at Cryptsy and Ixcoin withdrawal may be stuck. It would be safer to wait to buy Ixcoin at other exchanges.
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net
January 02, 2016, 04:49:02 PM
is any market where i can buy/exchange ixcoin right now ? Cheesy

Better hurry before I go Sonic Boom!  Wink
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net
January 02, 2016, 04:25:32 PM

An old ixcoin domain is available: ixcoin.eu
Someone should buy it.

Gotcha!  Wink
newbie
Activity: 11
Merit: 0
January 02, 2016, 01:21:16 PM
is any market where i can buy/exchange ixcoin right now ? Cheesy
full member
Activity: 204
Merit: 250
January 02, 2016, 01:13:14 PM

These domains are also available so we have a few to choose from if needed:

ixcoin.net
ixcoin.world
ixcoin.earth
ixcoin.brother
ixcoin.team
ixcoin.global
ixcoin.online
ixcoin.in
ixcoin.camp
ixcoin.network
ixcoin.center
ixcoin.biz
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net
January 02, 2016, 02:06:28 AM

Surprise, surprise.  iXcoin is once again above $1 million market cap.

https://coinmarketcap.com/

38    Ixcoin    $ 1,030,619    $ 0.049077    20,999,906 IXC *    $ 431    9.11 %    





I hope it's a long term holder.  Or better yet, an investor.
full member
Activity: 204
Merit: 250
January 01, 2016, 06:42:57 PM

Surprise, surprise.  iXcoin is once again above $1 million market cap.

https://coinmarketcap.com/

38    Ixcoin    $ 1,030,619    $ 0.049077    20,999,906 IXC *    $ 431    9.11 %    



legendary
Activity: 3052
Merit: 1534
www.ixcoin.net
December 31, 2015, 04:44:50 PM
_________________________________________

The website has been updated. Very essential.

http://ixcoin.info


Great job on the website I meant.  Smiley
legendary
Activity: 3052
Merit: 1534
www.ixcoin.net
December 31, 2015, 04:43:11 PM

Sorry I couldn't get a cheaper update. To convince you to forgive me, here a quicker link to darkgamex blockchain explorer:

http://blockchain.ixcoin.info

DeadSea, you're on a roll, man!  Great job! 
sr. member
Activity: 392
Merit: 250
my magic is growing strong[er]
December 31, 2015, 03:04:07 PM
I had a quick look at the website and saw Our Principles. Unbelievable...., in fact incredible 2 be precise.
full member
Activity: 204
Merit: 250
December 31, 2015, 02:02:49 PM

The website has been updated. Very essential.

http://ixcoin.info


Looks like we found ourselves a web designer.  Great looking website!

legendary
Activity: 3052
Merit: 1534
www.ixcoin.net
December 30, 2015, 09:42:31 AM

Deadsea33:

'The world is a richer place because he once lived.'

You wanted a motto?

I think you found it.  
legendary
Activity: 1344
Merit: 1000
December 30, 2015, 08:46:19 AM
Not sure if this service is a scam or not. It looks very 'ponzi' to me.
https://bitcointalksearch.org/topic/playpolypaycom-play-investments-with-us-doge-bonus-instant-pa-1302905
iXcoin is among the accepted coins.

All the threads in the Investor-based games forum are ponzis. You can go to the last page of the thread to see that this ponzi has stopped paying on 29 Dec.
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