-> the problem "do people still mine after they don't get any block rewards, but rather only tx fees" doesn't exist
-> the inflation rate will slowly decrease, as the proportion of the coins generated will become smaller and smaller compared to existing coins
these appear to cancel one another out. if the proportion of coins given for blocks decreases, then the real purchasing power of the block rewards decreases too, eventually this is the same as earning $0.00000000001 to mine a block, effectively zero. |
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what is iocoin, how is it different.
No idea. Only know that it launches in 8hrs. Doubt that there will be an exchange for it. Maybe it be good to list the exchanges too? already is one ready to go: https://i0exchange.bitparking.com/main |
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what is iocoin, how is it different.
the founder of i0coin isn't mining 580,000 coins for himself first. |
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it might be more relevant to see the most expensive thing actually sold
in dollars or bitcoins? coz someone sold 2 pizzas for 10,000 btc... that's pretty expensive in bitcoins. |
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True. My finding was, that the very early adopters did not sell out.
Why wouldn't they sell their BTC, when they had a good chance to do that? [$20 per BTC] Because they are not greedy bastards but want bitcoin to succeed for other reasons. or, they were greedy bastards that were holding out for $35 per BTC and just missed out. (not that i think that's the case) |
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Fred has been trying unsuccessfully to contact Bruce about getting Ixcoin a vendor table and sign up to be a conference sponsor. He does not appear to be returning Fred's emails or chat requests. I'm guessing he's pretty busy organizing the conference, but can anyone help in getting hold of him? That would be most appreciated. Thanks. Why would there be a Ixcoin table at a Bitcoin conference? It seems as weird as a Nokia stand at a Motorola conference. Not trying to be agressive or anything, Im just curious. I really dont get what a Ixcoin table would do at a Bitcon conference. i thought the same thing... it would be truly bizarre. it's not a 'p2p decentralized virtual currency conference', it's a bitcoin conference. |
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still, the top 3 buy orders appear to be erroneous.
They're real buys by people. The won't actually go through at that price since no one will sell at that price. They'll go through at the lower price of any sell that appears. why wouldn't anyone sell at that price? it's really high, but i take back what i said about them being erroneous. take the top one for example: buy 99999999.99999998 0.00000003 that means as soon as you mine 30 nano i0c you can sell it for 2.99999999 btc (100 million * 0.00000003) (as long as no-one puts in a lower-rate sell order) |
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here's a summary:
1. moral outrage gives birth to bitcoin
2. greed gives birth to ixcoin
3. moral outrage gives birth to i0coin
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I have an exchange up: https://i0exchange.bitparking.com/mainDeposit and withdrawal of i0coins are disabled until the chain is active. You can create an account and deposit btc in the meantime. someone is apparently willing to spend 99999999.99999998 BTC on i0coins... how is an order like this allowed to be in the system, given that noone owns or will ever own 100 million BTC? nevermind, it's just the 'rate' not the amount. still, the top 3 buy orders appear to be erroneous. |
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offer of 2 btc for 20000 (real) i0c still stands... happy to pay the btc now and receive the i0c once they're mined.
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The first character .. is that lowercase L, a number 1, or an uppercase letter i? The second, a zero (0) or an uppercase letter o? the first letter is "I"... the letter eye the second letter isnt a letter it is a number, the number zero. from the OP: I0coin (= Ixcoin with 0 pregenerated blocks) |
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I made 222 BTC trading Ixcoin. Bought between 0.0014 and 0.0038 and sold between 0.0095 and 0.0036.
(Bought 300 BTC worth so... made about 70% on $3000 within 24 hrs). GaMbLiNg are fun!!
yeah see that's what i mean when i say it could have been worse.... i'm glad i didn't lose 222 btc to you! |
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I just finished unloading my set of ixcoins. Was fun while it lasted!  i decided i'm out now too... lost a little over 3 btc... could have been much worse  |
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so how do you go about getting an address for i0coin? I guess there is a new client?
in the initial stages if you just want to accept i0coin but don't want to fiddle with a client, just wait for doublec's i0coin exchange to launch and get an address there. that's still the only place i've ever held ixcoins |
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paco nakamoto has a good ring to it.
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I currently have an ad on my website where somebody is selling a 250g gold bar for 1800 BTC:
that's cheap: 250 g is worth 9 750 USD in 2010 average gold price. That's 5.40 USD for one BTC. Even if the 2011 gold price is higher. 1800 btc is worth $19,800... so how is that cheap... sounds like double the price. |
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bargain.
Considering BTC was near $5 not that long ago, that's a bold thing to say. I'm not saying it's going back down there any time soon mind you, but still. bargain in the context of it basically going $11.35, $9.98, $11.35. |
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did anyone else notice the huge small chunk* of coins that just got sold for $9.98 on tradehill? bargain. someone wanted out in a big hurry... either that or a fat finger problem. *big/small... depends on how many coins you play with  ... was around $1000 worth. |
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What are the dangers of holding ixcoin? Apart from their possible loss of value (if there is any there already)
seems it reached a peak of about 0.009 btc and is now hovering between 0.004 and 0.005. |
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