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3308
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Alternate cryptocurrencies / Altcoin Discussion / Re: IXcoin -- enough is enough!
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on: August 16, 2011, 12:24:05 PM
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Either I don't correctly understand what you're saying (English is not my mother tongue) or you are wrong. Who said you can't exchange ixcoin to fiat currencies?
You cant atm but whos to say you wont be able to later? I started to consider ixcoin as BitCoin or steroids  Yup. Good way of putting it. Didnt get in early on Bitcoin? No problem - IXCoin gives you a second chance. But you have to get in early. As it stands atm IXCoin is worth nothing but it is exchangeable for Bitcoin and transfers are fast. Nows your chance to be an early adopter. And 'early adopter' means 'early adopter' - not "oh look the price is going up think I might get on" lol |
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3309
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Alternate cryptocurrencies / Altcoin Discussion / Re: New Ixcoin fork -> I0coin
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on: August 16, 2011, 12:04:34 PM
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Ok, get your bets in on how much mining power is going to drop from BTC in the first 30 minutes of i0coin being online?
A shitload. Its already dropped because of IXCoin. And you do know whats going to happen to Bitcoin value because of this dont you? |
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3310
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Alternate cryptocurrencies / Altcoin Discussion / Re: IXcoin -- enough is enough!
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on: August 16, 2011, 12:00:05 PM
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I don't really understand why everybody is bashing ixcoin. They are very clear of their intent - generate all coins faster, but keep the rest intact. I think this is absolutely excellent - we have a single difference that we can study. And possibly a final argument in the "inflation-deflation" debate.
There's a lot more differences than just the changes to the parameters: IXCoin is nothing new, it can use BTC as currency for exchange, whereas bitcoin has to use fiat currencies to get value in. You can't compare 2 slightly different seeds if you put them in completely different soil. Wait..whos to say the price of IXCoin will always be pegged to BTC  |
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3312
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Alternate cryptocurrencies / Altcoin Discussion / Re: New Ixcoin fork -> I0coin
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on: August 16, 2011, 10:58:09 AM
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I'm not in a hurry to release it, we will probably prefer to wait until ixcoin is forgotten. Also freicoin will have merged mining, so it's going to be mined even if its price is 1 satoshi (and that's the absolute minimum because I would buy all generated coins at that price if no one else wants them).
But as said, I'm not in a hurry and some parameters need to be discussed. Just want to have it developed the earlier the better.
Dont get me wrong. I think theres a LOT of room to move in the near future in the digital currency market. The problem atm is theres only so many miners and so many users. And of course the infrastructure that supports these new currencies is still in development. However, things are moving fast. You could release a new currency now but I wont mine it. Why should I? It might be worth something one day so I might mine it initially to create a stockpile but so will a lot of other people and all we will do is hoard & up the difficulty for 6 months. With no buyers in the market the currency will stagnate (and be forgotten?) and you miss your entry point. Enter with a new currency when the other currencies are over-priced and theres more interest from people that are looking to diversify (to maximise its potential), and make your effort in developing the new currency worthwhile. |
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3314
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Alternate cryptocurrencies / Altcoin Discussion / Re: IXcoin -- enough is enough!
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on: August 16, 2011, 09:16:19 AM
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Ultimately the better player will win. We can look at these competitor chains as our challengers, and we can only defeat them by becoming better ourselves.
Its not a case of being better. IXCoin is not in competition with Bitcoin. There's no reason the 2 currencies cant exist side by side as silver does with gold. Edit: btw IXCoin is selling for as little as 0.00279900 atm. The lowest price you could get them for only 2 days ago was 0.00649900. Get your orders in before the price rise... |
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3319
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Alternate cryptocurrencies / Altcoin Discussion / Re: IXcoin -- enough is enough!
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on: August 15, 2011, 11:42:56 AM
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Even if he pays all the bounties as promised there is still a +380K overhead, the bounties sum up to ~200K.
You will see at the bottom of the page it also says - 'Please add your bounties here' (I'm guessing this means more monies will be needed to cover these bounties?). As I understand it it has already been stated publicly that some of the remaining coins have been set aside for additional promotional purposes. Btw, didnt Satoshi mine Bitcoins before releasing it to the public? And what were these coins used for? |
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