I was saying that I did support the coin (in the past). Now that it has been spread to so many exchanges but has not had the same growth in utility (who uses it and at what websites), it has an unhealthy balance so I'm not supporting it any more. IFC was a good experiment in what happens to coins when they have fast halving of rewards. Not that it is past the halving stage I don't see any new useful features being implemented to make it worth mining. The mining network is weak.
As to how easy it is to sell. Again I stated that it will be faster to sell if the exchanges maintain a low delta. When a security is hosted on several exchanges a sale on one may impact the speculative prices on others. If sales are timed accordingly you can eliminate the arbitrage opportunities and prevent anyone else from trying to game your trades. So yes sales will be faster. However a problem exists in that having many exchanges diffuses the quantity that you can sell at any given point. If we only had IFC/LTC on cryptsy then all eyes would be on that market and that along If I put up 1mil IFC for sales people would react quickly and adjust their bids/asks. It's harder to mask large sales in the order book. But now that it is on several exchanges I can sell a large order and mask it without damaging the charts too much. But it all depends on liquidity. IFC isn't trading much on some of the other exchanges so I just ignore them.
Yes management did change. I noticed the change because I was PM'd by a couple of you asking me to give you my IFC to support it. I tried to be polite when I said I didn't want to and then everyone got rude about it. So that was the first black mark for the new management. Then the push to get it on many exchanges, more bounties and more giveaways, but I didn't see any new commerce channels in the same time or improvements in the network. I gave IFC about 9 months and I think that is a good amount of time for a coin to prove itself.
I'll keep IFC on the radar and if I see improvements I like then I'll probably return by buying back in or mining it again. If I see some significant changes over the next 2-3 months (probably how long it will take to sell the 3.75bill) I'll hold off selling the rest.
Also it is all my opinion, that it true. It is my perception of what is going on around IFC. But perception is created not just by me but by the outward events that transpire. Maybe it's not just my outlook on IFC but how you went about marketing it that caused me to decide on selling it.
Who asked you for IFC? As far as the exchanges go they are still HEAVILY centralized on BTER. Users want more exchanges so they do not need to depend on a single one. More exchanges allows less dependence on a single exchange to pick up the majority of volume. Especially with the complete train wreck Cryptsy has been it is completely useless for IFC holders. The new exchanges are simply meeting the demand for more options. No one forced it on them, and we couldn't stop them if we wanted to. This is a open source p2p system. As far as there being no reason to mine, the transaction fees pay far more than the block reward now. Why does this not count in your assessment? |
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Who is forcing it on to exchanges? BTW learn how economics works, more exchanges holding and trading coins means more coins being held for longer. If you want to blame anyone blame Cryptsy, they have been holding IFC holders hostage for well over a month. Also you complain about there not being enough services but I don't see you helping to build any, just sitting there on a fat load of coins complaining its not making you more money for doing nothing.
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INFINITECOIN Client Development and related systems positions available We are looking for one or more innovative, well trained developers to join our IFC development team. The successful applicants will have experience in one or more of the following: C++ Python Networking and distributed systems experience GO We are a team at Infinitecoin so the applicants must be able to work in a team environment as well as solo. We ask that only serious applicants apply. Can compensate with BTC/LTC/IFC. To apply please send a pm to TECSHARE at the bitcointalk forum and include your resume and geographical location. You can also reach me at www.infinitecointalk.org
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why all the new fees on the OP page?
update 28hrs later ...
no response tells me dev is not monitoring the coin close enough ...
tells me all I needed to know... thank you!
I cannot deal nor do I agree to all these fees anyway .... this coin is lacking in dev department, very very weak!
dumping all coins tomorrow.
You know we have our own forum right? I asked several times in this thread people's opinions about fees. Where were you? Also these fees secure the network and are still comparatively small to other coins. BTW you can minimize fees by not accepting lots of tiny transactions which make the blocksize large, and by sending over 10000 coins per transaction. |
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I am officially no longer holding any coins in Cryptsy and I wont be returning. I recommend Infinitecoin users do the same, if not all coin holders. I have heard this song before. Their behavior is an indication of their intent and it just goes down hill from here.
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This was done to Infinitecoin, TWICE. They suspended trading at 2 all time highs in a row and allowed the API trades to continue, knowing the web interface users had no access to clear their order books while their API users looted the orders. I made this extremely clear to them BOTH TIMES in their public chat (when they still had one) and eventually got banned for not being satisfied with their empty PR reply. Once I get everything out of there I wont be back. Let this be a warning to everyone who thinks they are going to make some money on Cryptsy. What good is it if you can't ever get it out?
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So let me ask the question this way: What do you do with the savings that you cannot afford to lose? Don't invest it in anything. No chance of loss. |
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I offered to help fund this project but Taco Time is far too important to reply to PM's. Good luck guys.
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Just wanted to let everyone know the turnover to 1.8.6 appears to have been successful without incident and our network hash rate is increasing. Thank you for everyone's hard work in making this possible! More to come for IFC keep your eyes on the prize!
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Hijack and hack is one big big difference thought  I see what you did there. Compare it to a hack to make it appear as if we claimed it was (we didn't). Maybe before you become critical you should read the op. Also claiming to be the official site and collecting donations is fraud. |
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InfiniteCoin has no limit to the number of blocks that could be added. Others have a fixed limit.
INFINITECOIN actually has a hard cap of 90.6 billion coins. Also if you are looking for stability IFC has it. Just look at its performance during the last few market slumps. |
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Change log updated. Sorry this was overlooked before.
-Any transactions over the limit of 10kb per transaction will have a 100 IFC fee per 1kb. Transactions over 100KB can no longer be sent.
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What kind of machine are you using?
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MANDATORY 1.8.6 UPDATE RELEASED. THE 1.8.5 VERSION OF THE CLIENT WILL CEASE TO FUNCTION WITH THE UPDATED CLIENT NETWORK AT GMT: Fri, 14 Feb 2014 00:00:00 GMT. See the OP for details and change log. Thank you for everyone's support!
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I am sure many moderators and staff around here know me as a large pain in the ass, but for once I have to support Theymos on this. You expect him to run a secure forum for a multibillion dollar industry but spend not spend big bucks? As long he is not compromising on security or privacy I think this is a great idea and I hope it gets done ASAP. (PS please don't force us to use Google services for stuff like captcha etc, there are very few free places left where their tentacles don't reach)
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Yesterday the infinitecointalk forums were compromised. We believe this was executed with an SQL injection attack. We are analyzing the system to make sure there aren't hidden back doors or other types of malware before restoring it. So far there is no indication that there was malware or user data theft, but as a precaution if you registered on the forum and use your password for any other services, please change it. We believe this may have been a deliberate attempt to effect the market at a low, bringing it even lower, as well as delay the release of 1.8.6. Clearly the market held its ground. It is wonderful to see everyone standing in solidarity against these panic tactics, and in the end it seems to have backfired proving to the world we can resist these attacks with minimal disruption of the market. Thank you everyone for your support.
Play close attention to this thread! 1.8.6 coming VERY soon!
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