Topic: Ixcoin.org back online - page 2. (Read 4785 times)

Add up the mining rewards. https://ixcoin.org/wiki/index.php?title=Category:Bounties.  He probably sold the rest.  Nasakioto has been stingy on new bounties, thus most are probably gone.  He probably still has 300K or so from new mining.    There was no gpu mining in the beginning of bitcoin furthermore, the coin was not advertised.  Bitcoin should be shut down and a new bitcoin started to be fair.  I have nothing against bitcoin though that is just the way it worked out.  The rules of ixcoin are in place.  i0coin we don't even know how many will be in existence.  There is no faq on i0coin.  Someone changed about 5 lines of iXcoin code and started i0coin up.  With no faq or anything.  You can even mine ixc today, and get more coin in one day than you can get in one year mining btc.  But, unlike BTC, you know ixc exists.  It is your choice to mine it and promote it, just like the BTC guys.

Nasakiotos experiment on using bounties to promote ixcoin, imho was a failure.  Once people get the bounty, they can just walk away.

What I really want to know is the 48 i0c reward going to halve when it hits block 210,000?

I keep hearing this bullshit about BTC early adopters.
Your quoting it completely out of context and thus showing complete bias against facts.

Yes those who went into bitcoin 'early' got more coins at an easier mining difficulty.
As could have you for the first year and a half bitcoin was around.
Bitcoin didn't reach difficulty 10 until block 52415 which was 15 months after it started.
IXCoin's current difficulty (block 39270) is 231.38719554
Bitcoin didn't reach that until July last year - after it had been around for 18 months.
Complaining about the so called BTC pre-mine is just being a whiny bitch about not getting into Bitcoin in the first year and a half - you only have yourself to blame.

IXcoin had 580k premined before ANYONE else could mine them - i.e. from before day 1.
Show me any proof that he gave 'MOST' of the 580k coins away ...
Last time I mined a block was 18-Sep and the block count was 21141 which meant that people who mined still only had a total of about 2million coins.
Since then only about another 1.8million coins have been mined.

If you define bitcoin early adopters as those who mined in the first year then IXC has no late adopters...

He did not hide he pre-mined.   Furthermore he gave away most in bounties.  Probably sold the rest.   It also shows bounties don't really work becasue after they received their bounty, 90% of the sites went down.   IXC has been around a long time, twith the difficulty low for believers to get alot of IXC even today with little mining power.  Unlike BTC where almost 5 million went to early adopters.  Most all IXC went to late adopters.  If anything we should shut down bitcoin.

Went back and searched
Actually the pre-mine was 580k coins.
... and it was a pre-mine - the fool actually mined all those blocks before releasing it

But yeah the reason for i0coin was simply because of that pre-mine.
i0coin is ixcoin without the 'fake' OP doing a 580k pre-mine.
No doubt he's seen i0coin coming back to life and wanting this too.

I'd certainly suggest any exchange that wants to risk going near this to require a MUCH larger bounty from the OP.

Better to go after i0coins than this trash.

Well he has 30k up for grabs in the first post of this thread ...

Don't forget this still has the premine that was only created to fill his pocket.
I'd suggest dump it coz all you will be doing is filling the fake OPs pockets.

Oh cool, thanks!  At this rate it's going to be a few more days then

If someone does use IXcoin as "an auxilliary" chain to mine, how can clients validate the blocks?

For example suppose one day I decide to use IXcoin as auxilliary and GRPcoin as main.

Next day I figure okay, that seemed to work, today I'll use DEVcoin as the parent chain.

Meanwhile someone else has been using Namecoin as parent chain.

When someone's client wants to determine for itself whether a block is valid, how does it even know which chain the miner chose to use as parent chain for that block, let alone how to find a blockchain of whatever chain it happened to be, and how to find the proof in that parent chain?

-MarkM-

When is the next retarget?  I was mining Ixcoin last night and was finding blocks back to back to back.  Sometimes someone else would find a block, but I don't think there's more than one or two people mining it right now, and at close to 400 difficulty, it's going to be a while before we see the next difficulty adjustment.

Maybe Nasakioto would release control of the chain/client to you.  Also an update to the link on the ixcoin.org webpage.  Thus, he might give you an admin password for the website.  You did a great job with IOC now with a 300+ difficulty.  If he does maybe keep everything the same except a 2.5% tax with 2% to be deleted and 0.5% to miners.  The reason is if we have 4 chains BTC, NMC, IOC, IXC it would create a coin that is slightly different than the other 3.

BTC is the original
NMC has the domain name
IOC has fast blocks (BTW does anyone know if the 48 block ever reduces?)
IXC will have the 2.5% tax.  

It will also have the bonus of keeping the block chain smaller.

Block 40,000 is when the timetravel fix activates, 45,000 is when merged mining activates. Assuming the ixcoin developer keeps the same block numbers as I used in the patches. Probably best to make them larger now since there won't be time for people to get new clients.

Block 45,000 or block 40,000?

It's nothing to do with me - I just provided fixes for issues raised by the ixcoin developer to claim a bounty. Block 40,000 is getting close - if you're not going to release a client with the timetravel exploit fixed soon you'll need to change the block switch on time. Any timeline?

I think he should wait til block 45,000 hits.  Hopefully some sites like coinotron will adopt it.  Hopefully doublec and nasakioto come to their senses and implement a 5% sales tax on transactions to be deleted before block 45,000.

Now compare this to your average corporation.  First you have a 10% sales tax, then a 50% tax total tax on the materials to make a product, then a 15% tax on the income of employees, then a 15.3% payroll tax, then all the shipping taxes, rental taxes, signage taxes, fire permits, building permits, and other fees amounting to about 5%, then their are the compliance taxes like irs tax law, tort lawyers, and sarbanes-oxyley add another 10%, then there are business income taxes of 35%, and 15% capital gains taxes and 15% dividend taxes, but then you start to get to the biggest tax of all the inflation tax which the company must pay on retained earnings and the poor sap collecting the dividend will probably wait two years before he spends the money thus 20% eaten away by inflation.

So you ring the register:

30% employees
20% materials
48% taxes
2% profits.

Then you have asses like occupy wall street, Michael Moore, and Robert Reich want even more, not from government that does nothing, but the 2% of business profits.   The "GM bailout" was not a bailout, it was a tax cut!

Why did I put this down, because a 5% tax is the only tax.

Merge mining pull request enabling support as an auxiliary chain at block 45,000: https://github.com/ixcoin/ixcoin/pull/5

I tested mining bitcoin, namecoin, ixcoin and i0coin all at once, successfully getting blocks. This was on my own internal forks of the block chains so I could mine at low difficulty. I'd suggest doing your own tests too to be comfortable.

If this is enough to claim the bounty my address is xo8Jj5XcebH6qZE8ndhvrJjferxjL885L6

While testing I noticed the genesis block for the ixcoin testnet is invalid. it'd be great if you could generate a valid testnet genesis since it makes testing a bit easier.

Merged mining:

https://github.com/doublec/ixcoin/tree/mergedmining

This enables ixcoin as a primary chain on the main network. It is supported as an auxiliary chain on the testnet only. I'll do some testing then push another commit to enable it as an auxiliary on the main net at a certain block number. Then I'll do a pull request.

Primary chain support is still useful though. It means you can mine ixcoin and namecoins together right now by building this branch as it's a non-forking change.

Adds a checkpoint at block 36,500:

https://github.com/doublec/ixcoin/tree/checkpoint_36500

I started working on backporting some fixes. There's a pull request for the timetravel exploit fix, switching on at block 40,000:

https://github.com/doublec/ixcoin/tree/timetravelfix

Hi DoubleC,

The timetravel fix is a one-liner so that's no biggie, but if you can add merged mining successfully then yes that would be sufficient. I'll hopefully be able to compile and then release the new distro.

Thx!