Half of bitcoin in 2 years?
It's no secret the market is accumulating altcoins faster than bitcoins right now. Bitcoin is slowing giving up market share to other coins.
Topic: Ixcoin TODO - page 65. (Read 631750 times)
Looking forward to how the coin with not enough users to fill 20k blocks imagines it can fill 20MB blocks.
Baahahahaaa.
Until now I was blind instinct guessing but now I finally know and understand what's going on with this coin and what I can tell you is this:
Hold on to your panties!
Looking forward to how the coin with not enough users to fill 20k blocks imagines it can fill 20MB blocks.
Should be interesting!
Looking forward to how the coin with not enough users to fill 20k blocks imagines it can fill 20MB blocks.
Five of China's biggest mining pools — AntPool, F2Pool, BTCChina, BW Mining, and Huobi —
have mutually agreed to a raise of the block size limit to 8 MB. They collectively rejected
Bitcoin core developer Gavin Andresen's proposal to raise the limit from 1 MB to 20 MB,
and instead presented a compromise.
BTW, these pools jointly account for some 55% to 60% of all hashing power on the Bitcoin network.
have mutually agreed to a raise of the block size limit to 8 MB. They collectively rejected
Bitcoin core developer Gavin Andresen's proposal to raise the limit from 1 MB to 20 MB,
and instead presented a compromise.
BTW, these pools jointly account for some 55% to 60% of all hashing power on the Bitcoin network.
Ok, So the Chinese complain they do not have enough bandwidth to compete on the free market, and the rest of the Bitcoin community, who has less hash power must listen to them, or they will shut down their Bitcoin farms?
Who's fault is it, that they have slower internet bandwidth? {Their own government are applying restrictions on them, and they do not invest in proper internet infrastructure}
I agree with their suggestion, because I am not in favor of a fork, but not to make it easier for them to mine even more coins than what they are mining now.
They already have the edge when it comes to the hash power... Why do we need to make it even easier for them?
Who's fault is it, that they have slower internet bandwidth? {Their own government are applying restrictions on them, and they do not invest in proper internet infrastructure}
I agree with their suggestion, because I am not in favor of a fork, but not to make it easier for them to mine even more coins than what they are mining now.
They already have the edge when it comes to the hash power... Why do we need to make it even easier for them?
from http://blockstream.com/sidechains.pdf
A sidechain is a blockchain that validates data from other blockchains
So for ixcoin to fit the definition of a sidechain it would need to be validating data from bitcoin or other sidechains.
Maybe this validation is in the form of an easier or cheaper way to hold dust?
Maybe this validation is for holding counterparty/omni codes?
Maybe all transactions under a dollar get validated by ixcoin?
Maybe some transactions are requiring of the no inflation ixcoin has?
(thinking outside the box here. What if ixcoin could atomically talk to omnicore, and then omnicore interfaces with bitcoin of course? Mr. Terpin is an omni guy. Maybe this is something they can review.)
A sidechain is a blockchain that validates data from other blockchains
So for ixcoin to fit the definition of a sidechain it would need to be validating data from bitcoin or other sidechains.
Maybe this validation is in the form of an easier or cheaper way to hold dust?
Maybe this validation is for holding counterparty/omni codes?
Maybe all transactions under a dollar get validated by ixcoin?
Maybe some transactions are requiring of the no inflation ixcoin has?
(thinking outside the box here. What if ixcoin could atomically talk to omnicore, and then omnicore interfaces with bitcoin of course? Mr. Terpin is an omni guy. Maybe this is something they can review.)
;} it was the neighbors hehe.
so in terms of options to chain everything I believe we have a few options.
1. Omnicore. hmmm, do we know anyone with the omni community
2. jl777's MGW (multigateway)
3. Centralized service such as Shapeshift
4. Do it our selfs.
so in terms of options to chain everything I believe we have a few options.
1. Omnicore. hmmm, do we know anyone with the omni community
2. jl777's MGW (multigateway)
3. Centralized service such as Shapeshift
4. Do it our selfs.
I don't know what's best but if I look at the iXcoin Eco system I would say this is gonna be #3.
Are you preparing for the the test, or is the test ongoing?
They're preparing for it. But I did confirm that it will be a live test and not a closed testnet.
;} it was the neighbors hehe.
so in terms of options to chain everything I believe we have a few options.
1. Omnicore. hmmm, do we know anyone with the omni community
2. jl777's MGW (multigateway)
3. Centralized service such as Shapeshift
4. Do it our selfs.
so in terms of options to chain everything I believe we have a few options.
1. Omnicore. hmmm, do we know anyone with the omni community
2. jl777's MGW (multigateway)
3. Centralized service such as Shapeshift
4. Do it our selfs.
so of course theres going to be different techniques and confudled contraptions for the chain mechanism. Just look at the path of that chain, goes all here an there and around that and through this.
You're the rider
The bicycle is the economy
Bitcoin is the big gear
and here are all of the side chains
What the chain in the middle is, IS still up for debate
The bicycle is the economy
Bitcoin is the big gear
and here are all of the side chains
What the chain in the middle is, IS still up for debate
Are you preparing for the the test, or is the test ongoing?
Let's have fun
Metric Units of Weight
1 kilogram (kg) = 1000 gram
1 hectogram (hg) = 100 gram
1 decagram (dkg) = 10 gram
1 gram = 1 gram
1 decigram (dg) = .1 gram
1 centigram (cg = .01 gram
1 milligram (mg) = .001 gram
Metric Units of ... iXcoin
1 kiloix (kix) = 1000 ixc
1 hectoix (hix) = 100 ixc
1 decaix (dkix) = 10 ixc
1 ix = 1 ixc
1 decix (dix) = .1 ixc
1 centix (cix) = .01 ixc
1 millix (mix) = .001 ixc
Metric Units of Weight
1 kilogram (kg) = 1000 gram
1 hectogram (hg) = 100 gram
1 decagram (dkg) = 10 gram
1 gram = 1 gram
1 decigram (dg) = .1 gram
1 centigram (cg = .01 gram
1 milligram (mg) = .001 gram
Metric Units of ... iXcoin
1 kiloix (kix) = 1000 ixc
1 hectoix (hix) = 100 ixc
1 decaix (dkix) = 10 ixc
1 ix = 1 ixc
1 decix (dix) = .1 ixc
1 centix (cix) = .01 ixc
1 millix (mix) = .001 ixc
Too Complicated, especially for the US.
Let's follow BTC and keep it simple.
Bitcoin is going to bits so for iXcoin we should use iXbits, or Xbits.
Simple...
I don't see any fire yet. Actually not even any smoke yet. lol
We'll see what happens soon. I hope!!!
as Ahmed said, this was discussed only between Vlad and some btc devs. first on twitter and then in private, I was included in one or two discussions only on this. I have never had contact with anyone at f2 pool or cex. .
personally i am not a fan of the idea but what I want means nothing.
I don't control hash power that can determine what will or will not take place.
I like ix and would like to see it still be around for a while and no test even if successful would satisfy those against the conflict between btc devs and community members now.
I posted earlier in the thread other reasons why I don't like the idea of taking a VERY stable network and screwing around with it.
Will certainly let you know if any changes are coming up. (as long as I know about them)
We all value that you keep ix running in your pool. (guess I should say I know I do and Vlad does, cannot speak for others)
personally i am not a fan of the idea but what I want means nothing.
I don't control hash power that can determine what will or will not take place.
I like ix and would like to see it still be around for a while and no test even if successful would satisfy those against the conflict between btc devs and community members now.
I posted earlier in the thread other reasons why I don't like the idea of taking a VERY stable network and screwing around with it.
Will certainly let you know if any changes are coming up. (as long as I know about them)
We all value that you keep ix running in your pool. (guess I should say I know I do and Vlad does, cannot speak for others)
We're hoping to start testing the iXcoin network this Monday to see how well iXcoin scales. Our hope is to help Bitcoin with the upcoming 20mb hard fork. The Bitcoin test net isn't scaling as needed so we hope, since iXcoin is a Bitcoin Twin, to show that iXcoin can scale to 20mb and do it successfully.
What does 'hoping to start testing the IXcoin network' mean exactly? To change the blocksize requires a hardfork and you'd need everyone to update. Having one miner change, even a big one, won't do anything since all the nodes won't have updated and their blocks would be rejected. As a pool mining ixcoin it would be useful to know exactly what is happening in case it affects the pool so I can prepare in advance.https://www.eventbrite.hk/e/hack-coin-london-tickets-16656974459
Nobody lives in London?
It seems a nice place where to talk about iXcoin.
Man, I would love to go to events like that. Too bad they never have them in the sticks.
Hearn has a solution for all the Chinese miners stuck on the old chain, they can develop their own Chinese-specific altcoin. 
http://sourceforge.net/p/bitcoin/mailman/message/34162353/
Quote
If that's really the case, it seems to me that Chinese Bitcoin is unsustainable and what you really need is a China-specific alt coin that can run entirely within the Chinese internet.
http://sourceforge.net/p/bitcoin/mailman/message/34162353/
hmmmm, ixcoin?
That is really interesting.
There's not much to expand on due to the fact a lot is often discussed but rarely is it done so it was difficult enough for me to say anything in the first place. If/when this test starts and we find out more info I'll add more color the minute I get it.
Cheers!
If the iXCoin dev team and partners can pull off this test [and hard fork] then it would position iXCoin for real world use where it can be used where Bitcoin will be prohibitively expensive as a daily currency.
Just keep in mind that there exists a great chasm between here and there; the inherent risk with this test and hard fork is very large. Bitcoin, with all its money and all their top scientists, could NOT maintain a high transaction volume for even 1 hour when they ran a test a few weeks ago. IXCoin would have to maintain an even higher volume, 10-20 times the current peak volume of Bitcoin, not for an hour, but for a ~few weeks to prove such a massive volume can be sustained.
This is a monumental task and challenge so keep that in mind when dreaming of iXCoin being used mainstream. If this test fails it could be very destructive to iXCoin.
Please use good judgment and risk only what you can afford to lose.
Regards...
Just keep in mind that there exists a great chasm between here and there; the inherent risk with this test and hard fork is very large. Bitcoin, with all its money and all their top scientists, could NOT maintain a high transaction volume for even 1 hour when they ran a test a few weeks ago. IXCoin would have to maintain an even higher volume, 10-20 times the current peak volume of Bitcoin, not for an hour, but for a ~few weeks to prove such a massive volume can be sustained.
This is a monumental task and challenge so keep that in mind when dreaming of iXCoin being used mainstream. If this test fails it could be very destructive to iXCoin.
Please use good judgment and risk only what you can afford to lose.
Regards...
Can you or someone on the dev team please expand/ explain more about the plan? I'm not quite understanding what is being proposed.
Thank you.
Hearn has a solution for all the Chinese miners stuck on the old chain, they can develop their own Chinese-specific altcoin.
http://sourceforge.net/p/bitcoin/mailman/message/34162353/
Quote
If that's really the case, it seems to me that Chinese Bitcoin is unsustainable and what you really need is a China-specific alt coin that can run entirely within the Chinese internet.
http://sourceforge.net/p/bitcoin/mailman/message/34162353/
hmmmm, ixcoin?
Here's is an interesting statistic most don't know about.
Historically, there is a 1 to 1 ratio between Bitcoin's price and its number of transactions.
Right now the price is lagging way behind Bitcoin's transactions so that's one more reason why Bitcoin is overdue for a huge run in price.
That said, the same correlation or ratio should hold true for iXCoin which right now has near zero transactions.
If the iXCoin dev team and partners can pull off this test [and hard fork] then it would position iXCoin for real world use where it can be used where Bitcoin will be prohibitively expensive as a daily currency.
Just keep in mind that there exists a great chasm between here and there; the inherent risk with this test and hard fork is very large. Bitcoin, with all its money and all their top scientists, could NOT maintain a high transaction volume for even 1 hour when they ran a test a few weeks ago. IXCoin would have to maintain an even higher volume, 10-20 times the current peak volume of Bitcoin, not for an hour, but for a ~few weeks to prove such a massive volume can be sustained.
This is a monumental task and challenge so keep that in mind when dreaming of iXCoin being used mainstream. If this test fails it could be very destructive to iXCoin.
Please use good judgment and risk only what you can afford to lose.
Regards...
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