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3262
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Alternate cryptocurrencies / Altcoin Discussion / Re: i0 Coin Exchange
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on: August 17, 2011, 10:22:43 PM
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hardly
yeah it dropped from a high of .006 or so to .0027 but that was hardly a plummet and perfectly expected and still worth more than ixcoins.
Maybe you are right, people tend to panic, especially amateur traders... But i can tell you this.. the site was being "ddos's" the second that they opened up deposits for i0coin.. especially with that 2000 confirmation limit.
Actually Ixcoins are still worth more. Last I saw, back when the exchange was still up, I0Coins were around .0023XXXX while Ixcoins are at .0015XXXX right now. So that means an I0C block is worth roughly .1104 BTC, while an IXC block is worth .1440 BTC (48 I0Coins per block vs. 96 IXCoins per block). Logically I0Coins should be twice the value of Ixcoins, and I'm sure we'll eventually reach that equilibrium somewhere down the line. Right now though, I think we're seeing (or were seeing anyway) a lot of peoploe just trying to cash in and make a quick BTC. If anything .0023XXXX is bargain and I'm tempted to buy a few thousand once the exchange comes back up. +1 My reasons here are that when the difficulty of each network becomes relatively the same there will be more than 2 times the amount of ixc than i0c which says that the general value of an i0c should be more than 2x that of an ixc. 0.0023 is a bargain. Bought about 5000i0c right before the exchange went down. I'm not sure why people continually equate difficulty and generation with value. You're a namecoin miner, did namecoin value shoot up tremendously when the difficulty shot up and simultaneously all the miners dropped out, squeezing the generation rate to almost nothing? If two nearly identical coin systems differ only in that one generates twice as many coins as the other, there is no logical reason why they would have a similarly matched coin value. Price is far more dependent on peoples 'faith' and interest in the coin itself than any other characteristic like difficulty, amount generated and whatnot. Supply and demand aren't enough, as evidenced by the history of bitcoin (and its forks). You have a point. I think it is both what I said and what you presented here as well. Given i0coin solves some of the bitcoin client issues I'd say there is some value even if it were considered a test network over ixcoin which doesn't do a damn thing but transfer wealth. So what exactly does Iocoin do except offer encrypted wallet functionality  |
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3263
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Alternate cryptocurrencies / Altcoin Discussion / Re: "Thomas Nasakioto" of ixcoin is OldMiner...
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on: August 17, 2011, 09:42:26 PM
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honestly, i dont see why it would be relevant if old miner created it or not.
If the ixcoin code is maintained by the fellow who has a history of posting gems like this... bitcoin.exe -addnode=69.164.218.197 -addnode=64.22.103.150 -addnode=173.242.112.53 -addnode=178.79.147.99 -addnode=184.106.111.41 -addnode=91.85.220.84 -addnode=173.224.125.222 -addnode=86.5.50.90 -addnode=178.255.199.86 ...then it should be intuitively obvious to the most casual observer that this project is indeed--pardon my Portugese--a joke. Wait, your attributing that post by mewantsbitcoins to me LOL..you my have excelled in your field. You are a true credit to the clown fraternity pwned  No, he's attributing your part of the quote to you. Someone who doesn't know what -addnode does probably shouldn't be responsible for maintaining a fork of the client. Granted, we were all but newbs once, however it's a longer road from newb to coder than can usually be traversed in about a month. But I dont maintain the fork...lol Never said you did. IMO there's not enough here to make a meaningful case. I'm an "until proven guilty" sort of guy. The question was, why would it matter if you were Thomas - and no offense but I would indeed be worried if the maintainer of a fork of extremely non-trivial code with alpha-quality features shoehorned into a gold release was asking very green questions a mere month ago. And I'm not saying YOU did - I was referring to bitclown's post in which he claims I was somehow involved in creation of the new fork, that I am Thomas, or both. Whichever it is, the claim is laughable but hey, clowns are employed to make people laugh are they not? |
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3264
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Alternate cryptocurrencies / Altcoin Discussion / Re: "Thomas Nasakioto" of ixcoin is OldMiner...
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on: August 17, 2011, 09:20:05 PM
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honestly, i dont see why it would be relevant if old miner created it or not.
If the ixcoin code is maintained by the fellow who has a history of posting gems like this... bitcoin.exe -addnode=69.164.218.197 -addnode=64.22.103.150 -addnode=173.242.112.53 -addnode=178.79.147.99 -addnode=184.106.111.41 -addnode=91.85.220.84 -addnode=173.224.125.222 -addnode=86.5.50.90 -addnode=178.255.199.86 ...then it should be intuitively obvious to the most casual observer that this project is indeed--pardon my Portugese--a joke. Wait, your attributing that post by mewantsbitcoins to me LOL..you my have excelled in your field. You are a true credit to the clown fraternity pwned No, he's attributing your part of the quote to you. Someone who doesn't know what -addnode does probably shouldn't be responsible for maintaining a fork of the client. Granted, we were all but newbs once, however it's a longer road from newb to coder than can usually be traversed in about a month. But I dont maintain the fork...lol |
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3265
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Alternate cryptocurrencies / Altcoin Discussion / Re: "Thomas Nasakioto" of ixcoin is OldMiner...
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on: August 17, 2011, 09:15:47 PM
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honestly, i dont see why it would be relevant if old miner created it or not.
If the ixcoin code is maintained by the fellow who has a history of posting gems like this... bitcoin.exe -addnode=69.164.218.197 -addnode=64.22.103.150 -addnode=173.242.112.53 -addnode=178.79.147.99 -addnode=184.106.111.41 -addnode=91.85.220.84 -addnode=173.224.125.222 -addnode=86.5.50.90 -addnode=178.255.199.86 What does this actually do? ...then it should be intuitively obvious to the most casual observer that this project is indeed--pardon my Portugese--a joke. Wait, are you attributing that post by mewantsbitcoins to me LOL..you my friend have excelled in your field. You are a true credit to the clown fraternity pwned |
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3266
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Alternate cryptocurrencies / Altcoin Discussion / Re: "Thomas Nasakioto" of ixcoin is OldMiner...
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on: August 17, 2011, 09:00:00 PM
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btc has had a few dramatic crashes like that (and in recent history too), and its a couple years old.  ixcoin has been around for what? a week? id expect major crashes and speculative bubbles. That is a 96.8% crash in the first 5 days. bitcoin crashed after two years of a bull rally by 80% and has rebounded some. ~quietly purchases iXcoin at rock bottom price~ - fixed |
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3270
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: IXCOIN Crashes from 0.006 BTC to 0.0003 BTC
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on: August 17, 2011, 08:33:41 PM
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When I say design I wasnt referring to the coin itself. I was referring to the infrastructure around it. You know, the promotional aspects of it..the bounties..the website..the forum..
You mean the website that they/him/you copied from bitcoin.org and replaced bit by ix like they/him/you did with the code? lol hello Mrs Troll, (you are fenale aren't you?) And no I didnt copy any site. In fact I was even involved in its setup. And not sure how you came up with the word 'copied' - the difference between the 2 sites is like chalk and cheese (unless you also have an eyesight impediment too?) |
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3272
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Other / Off-topic / Re: How IPv6 will destroy bitcoins
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on: August 17, 2011, 08:22:49 PM
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If what I've heard at the conferences happens, IPv6 will only make this even easier for everyone to do.
Yea, not meaning to attack your post but essentially this is the only difference IPv6 will make ie: It will just be easier to firewall. |
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3276
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Alternate cryptocurrencies / Altcoin Discussion / Re: IXcoin -- enough is enough!
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on: August 17, 2011, 07:47:26 PM
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I'm working with about 1300 MH/s and I had found 80+ blocks early on. Then, like a lot of others have reported, my entire balance was wiped and all my blocks were invalidated. So I gave up and went back to mining BTC for a while until difficulty 256. Even then I had like 90%+ stales.
Really? Well same thing happened when IOUcoin was released yesterday apparently.. And for the mentally challenged in this thread that are asking about what iXcoin is trying to do - its not trying to do anything LOL. It is however simply another currency. |
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3279
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Alternate cryptocurrencies / Altcoin Discussion / Re: i0coin pool, first block solved!
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on: August 17, 2011, 08:59:12 AM
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Mining i0coins is about 20x more profitable than mining ixcoins. So I guess I will continue to mine i0coins.
Sure it is. It was only released 5 minutes ago. Wait until the exchange is flooded with coins then come back here and post again about exchange rates..
Oldminer, so are you Nasakioto or not?
No I'm Australian |
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