So who is actually developing or actively working on iX?
Why do you ask? |
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My background in computer science and as such I will try to provide help on my spare time (which is not much at the moment). If in the mean time you guys need some translation to Portuguese (Brazilian market might be huge) drop me a line.
Cheers!
Welcome! We got a ton of stuff to do! Anyway, could you translate the 'funding page', 'FAQ' and 'Download' sections to Portuguese. I agree... Brazillian Market is huge! |
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I know that some projects (not related to colored coins) put cryptocurrency into escrow to "guarantee" value of "gold" coins... I hope I don't need to explain why it won't work so well... What are the arguments that such a system would not work? What happens if value of cryptocurrency held in escrow drops? What colored coins do is guarantee the quantity of coins. Which is actually So in the case of say Open Transaction based issuer, the cryptocurrency is placed in escrow. |
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Friction et al,
I own certain domain properties which may be of use to iXCoin. I will retain ownership but I would share any profits with those who add value in making any of these sites a success.
Domains like:
iXcoinCentral.com
iXcoinTalk.com
iXcoinTalk.org
iXcoinDice.com
iXcoinPoker.com
And a few other others.
I will also list some of my coin domain names to try to raise some funding for developing iXcoin but I may not be able to sell them as I will not sell them unless I get an offer I feel is worthwhile as I now by next year the Crypto-Froth will be insane and good domains will sell like crazy.
Some of the domains I'm gonna list on Bitcointalk and eBay are:
TeslaCoin.com
ZionCoin.com
ScorpionsCoin.com
FranceCoin.com
And a few others.
Any advice is appreciated!
ixcointalk.org would be nice for the forum. I will however need to figure out how to associate that domain with the free forum software we currently use. |
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For example, let's say you own some gold at your house. You could hypothetically take 5 satoshis (0.00000005 BTC) and say that each one of those satoshis is equal to one gram of the gold that you hold in your home. You could then exchange those 5 satoshis backed by one gram of gold each on the decentralized exchange in the Chromawallet. see http://voices.yahoo.com/bitcoin-20-explained-colored-coins-vs-mastercoin-vs-12475857.html?cat=15&utm_content=buffer522e4&utm_medium=social&utm_source=twitter.com&utm_campaign=bufferHow are the colored coins "backed" by the gold. The guy that issued the colored "gold coins" wont send the gold to me?! And what keeps me from saying I have 1 kilo of gold here and will color this kilo, so you can then buy it from me for 45 (colored) BTC (about what a kilo is worth in btc, roughly). Are the btc held in escrow or burned or something? You see I didnt get it yet  But everywhere I read about colored coins people don't really get specific about how it works. When you buy a stock from the stock exchange, what do you get? When you buy an ETF like GLD from a stock exchange, what do you get? In both cases, you get an IOU from the issuer or the stock or ETF. |
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The first Skycoin transaction executed today. Public builds will be ready within week. run "go run wallet.go" to start wallet.  Is that a web client? You spelled 'receive' wrong. The input field for amount is too short. |
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This is exactly what I'm hoping to achieve. A protocol to mint decentralized colored coins.
What I'm trying to say is that the protocol to mint decentralized colored coins all depends on the domain. The only purpose of minting coins in a decentralized manner is to provide some kind of fair distribution. So if your coin represents gold bullion, then you aren't going to perform any decentralized minting. You would just issue coins from a central point. This in fact is the majority of use cases for colored coins. Now, there are plenty of ways to distribute a coin, proof of work, proof of stake, proof of burn, random distribution, game playing etc. That of course will all depend on exactly what the coin is for. |
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I did some quick math.
Assuming it costs .11/KwH and 600 watts per 1 TH/s machine. Total electricity costs alone is: 578.56 USD.
I short, the 720 IXC that you mine isn't even going to cover electricity costs!!!
No wonder not many miners are selling their IXC!
And apparently people don't want IXC either because the price is so low. Well, the hash rate has moved much faster than the price. So right now, it clearly is extremely undervalued. Of course, I have absolutely no clue what you meant by your statement. My point is, just saying it cost 100 dollars to make a certain item, does not mean there is a market for item at 100.... If it cost 1million to mine 1 BTC would not make the price of BTC go to 1 million..... And it could be over supplied as easily as undervalued.... If there is a cost to acquire and item, then the owner of the item will be less inclined to sell it at a loss. If there is no cost to acquire an item (see: NXT, coins with low difficulty), then owners have no issue at selling it at any price for a profit. |
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Its not just the repo giving a 404, your entire username gives a 404.
Did you get the mixed-case wrong or something?
-MarkM-
Very odd... I checked it on my phone... it is searchable by google but when I click the link it is 404. Will investigate. Thanks - just upgraded my rig to 13.10 and this is the last wallet I need to start mining again, seem to have lost the old download too  Peace  I removed the link from the old linux binary since it was reported that it wasn't working. Let me know if you have issues with this new version. Mining rig? You aren't going to solo mine this are you? IXC can't be mined without using a massive pool like GHash.IO. |
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I did some quick math.
Assuming it costs .11/KwH and 600 watts per 1 TH/s machine. Total electricity costs alone is: 578.56 USD.
I short, the 720 IXC that you mine isn't even going to cover electricity costs!!!
No wonder not many miners are selling their IXC!
And apparently people don't want IXC either because the price is so low. Well, the hash rate has moved much faster than the price. So right now, it clearly is extremely undervalued. Of course, I have absolutely no clue what you meant by your statement. |
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Its not just the repo giving a 404, your entire username gives a 404.
Did you get the mixed-case wrong or something?
-MarkM-
Very odd... I checked it on my phone... it is searchable by google but when I click the link it is 404. Will investigate. |
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Where are the linux downloads? Github is over two years old........ You can download the latest 0.8.6 version here: https://github.com/FrictionlessCoin/iXcoinCompile using make -f makefile.unix from the src directory. Tried that - 404 error, page not found.......  Thanks. I don't think github is down. Make sure you got the case correct. |
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I did some quick math.
Assuming it costs .11/KwH and 600 watts per 1 TH/s machine. Total electricity costs alone is: 578.56 USD.
I short, the 720 IXC that you mine isn't even going to cover electricity costs!!!
No wonder not many miners are selling their IXC!
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I don't understand why it's so hard for people to understand why network security makes or breaks a coin and the fact that any other feature or advantage of a coin can be easily duplicated, copied and implemented by any other coin.
There are absolutely no barriers to copying things like block-time and PoS yet people gamble on CrapCoins based on these useless, easy to copy features while ignoring the most important feature of all and one which is very difficult to copy and implant, and that is the network hashrate which is the security if any coin.
I think right now, crypto-currencies are so new that people have no clue as to how to evaluate it. Network Hash Rate is almost the equivalent of P/E for stocks. You can compare stocks by looking at their P/E ratio. Maybe something like price * network hash rate / (# of outstanding coins) should be introduced so people can evaluate cois correctly. Here's a formula price * network hash rate / (# of outstanding coins) + (coins created per year) Man, you come up with some brilliant shit. Bravo! I'll see if I can put a formula together based on your post to do exactly that, value each coin on its most important feature: its network security. Yes, please come up with a table for comparison. A lot of people need a lot of hand holding!! |
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Where are the linux downloads? Github is over two years old........ You can download the latest 0.8.6 version here: https://github.com/FrictionlessCoin/iXcoinCompile using make -f makefile.unix from the src directory. |
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I don't understand why it's so hard for people to understand why network security makes or breaks a coin and the fact that any other feature or advantage of a coin can be easily duplicated, copied and implemented by any other coin.
There are absolutely no barriers to copying things like block-time and PoS yet people gamble on CrapCoins based on these useless, easy to copy features while ignoring the most important feature of all and one which is very difficult to copy and implant, and that is the network hashrate which is the security if any coin.
I think right now, crypto-currencies are so new that people have no clue as to how to evaluate it. Network Hash Rate is almost the equivalent of P/E for stocks. You can compare stocks by looking at their P/E ratio. Maybe something like price * network hash rate / (# of outstanding coins) should be introduced so people can evaluate cois correctly. Here's a formula price * network hash rate / (# of outstanding coins) + (coins created per year) |
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Don't you understand that the block time can be changed with a simple code update?
Don't you understand that PoS can be added to any coin with a simple code update?
If what you say were true, Bitcoin would have updated its code and so would all the other coins like IXC, so this advantage you speak of is a joke as it can be copied anytime by any coin.
But what cannot be copied is the near 9 peta hash of secure mining power. And that is the single biggest need for any coin in order for it to ever be used on a massive scale.
And of course, the economics of it all - 1 Tera hash mines you 1,000 IXC per year while you can buy 7,000 for 1 BTC. In other words, IXC is way cheap now and its value should reflect the necessary resources to mine it.
Merge mining aside of course.
Let's see, let's do the math here, 7 peta hash is 7,000 terahash. A single tera hash miner costs around $6,000. So to mine 1/7,000 of IXC in a year will cost $6,000 worth of mining hardware. Approximately, 5 million coins are mined per year. 5 million / 7,000 - yields 720 coins per 1 THs miner. In short, $6,000 worth of equipment mines you in a year, 720 IXC. At 12 cents a coin, that $6,000 miner will mine $86 worth of IXC in a year! Vlad, another point that you need to explain to people who aren't familiar with economics it the notion of "bundling". See, people are in the mistaken notion that coins that are merged mine come for free. This of course is incorrect because you can't get NMC and IXC without actually mining for BTC. The current ROI of miners typically involves the mining of BTC, NMC and IXC combined. Just like you mine copper to get gold, its the same thing. You don't mine IXC by itself, if so, you will go broke trying! |
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Very nice and simple.
But maybe I'm a bit confused as to the simplicity.
Don't you just have some kind of actor responding to events related to an address?
So in general, if we have an actor that has channels, and we treat each channel as a bitcoin address, is this effectively what you are doing?
Is this the same thing what Electreum proposal is saying?
The only real technology that is needed is a colored coin capability. Beyond that, all advanced protocols can be handled by actors/agents.
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Vlad2Vlad, you have any Ixcoins to sell a person?
Wait a minute, you wanna buy iXCoin? I thought you were one of the skeptical ones? What made you change your mind? I'm glad if you changed your mind. I think it's the right choice. Sorry I can't sell any but you can buy fairly cheap now on cryptsy or vircurex. It's hard to buy larger quantities but like 1 BTC is very doable. Good luck! I am skeptical. But the coin is so cheap right now what is there to loose? I see the point you make, but at the same time, I also believe a shorter block time/multi ecrypted coin will take over bitcoin copy cats... I'm still looking for my perfect coin to go all in on.... Vlad... you're the economist. Can you explain to him that the cost of any scarce good is related to the cost of acquiring (i.e mining) said goods? |
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Folks! Let's try to get an article on coindesk. Unlike before, they've got a lot of press on other alt coins: http://www.coindesk.com/technology/altcoins/So we got a very good story to tell, specially with the Native User Defined Currencies (NUDC). Can someone do the legwork for this? I am damn busy updating the site and trying to work out the NUDC spec and implementation! |
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