From the point of view of creating an alternate currency, IXCoin is stupid and a clearly profit minded creation by the founder, don't bring up the bullshit about bounties, that's just window dressing. It is not at all advantageous to have a competing virtual currency when there is not yet any establishment for usage of any virtual currency yet.

From the point of view of a miner, we follow the money trail, bitcoin mining was created with that idea in mind, and ixcoin is taking advantage of the culture arising out of that. If it's profitable to mine ixcoins, why shouldn't miners mine it?

From the OPs point of view though, I don't think it's a bad idea for people to reiterate to the masses that are willing to listen that IXCoin is total nonsense, and far more of a runaway train than bitcoin, with nothing to provide anyone except more numbers, and even less likely to go anywhere.

So, everyone is right in their own regard.

EDIT: Looking at the numbers though it is currently about 1/3rd as profitable to mine ixcoins as bitcoins at the moment. So, good luck with that.

Yeah, ixcoin mining is really unprofitable right now compared to BTC. I'm surprised to see that http://ixpool.bitparking.com/pool still has a hashrate of 120 mhash/s. If you really wanted IXC right now, just mine BTC and then exchange them for IXC or buy them on the exchange. Given that there's no other use for IXC (unlike NMC), I don't see the need to own any IXC unless you are speculating and think the price will go up. But then again, why would the price go up. Ixcoin is not really adding any value on top of bitcoins.

It's not a fixed amount of time.  If two miners each find a block based on the same parent block, only one of them is going to be accepted by the network, and the other will be abandoned.  So practically speaking, there needs to be enough time for new blocks to propagate through the network so that miners know about them and base their calculations on the new block instead of the old one.

The time needed is going to be less on a small, well-connected network, and greater on a large, poorly-connected network.  If you had a network where all the miners are directly connected to each other, the time between new blocks could be on the order of milliseconds without creating orphans.

When you're talking about an open-source alternative currency, forks are NOT a good thing.

If you're talking about software, electronics, etc. then competition is great. The more the merrier.

But Bitcoin is already around -- it's open source, not owned by one company. We should *want* everyone's efforts concentrated on one electronic currency. Competition is a bad thing in a case like this.

It's less like Verizon vs AT&T and more like VHS vs Beta or HD-DVD vs Blu-ray. Until one prevails, everyone's going to "wait and see". You can't have umpteen open formats competing for the same 5,000 people.

What's the current block count?

That's likely because IOcoin is a direct response to largest complaint against Ixcoin.  I0coin is Ixcoin only without the guy who mined solo for three months before public release of the project.

if the IX collapse I feel like we mined for no reason.

Well when demand for is greater than supply the price goes up or that is what they taught me in economics class anyways...

Edit: And I would add the only way for all them coins to be there on first day would be from him it would not have been possible to have all been mined by others.

with the emergence of distributed dns's such as namecoin, could the fundamental logic of domains be redefined alltogether?

could a url be made to look like this?:

protocol://space.subspace1.subspace2.subspace3/folder/file?=POST_DATA

with 'space' being the domain name and the idea of TLD's and country name suffixes dropped entirely?


I'm writing this because I had a science ficticious hallucination last night and a white-bearded guy with a pointed hat and an e-cigar told me the domain name system was gonna be renamed to 'space name system' (SNS) and that those www.'s and dot-something's were gonna be a thing of the past.

I also saw something about desktops disappearing and 3d nodebrowsers...uh never mind

Those were dumped in the first day when there was 400000+ of volume on the exchange never seen over 200000+ after that...

I stayed up all night for the original release date so been up for 24 hours have to stay up and another 24 hours + another 6 once its released to get it all working...

WHERE are all the people decrying alt chains as "scams" and proclaiming they won't participate in I0coin for whatever moral reasons?  Or do we have to wait til we pass 10 difficulty levels before the johnny come latelys, who missed the early adopter boat, start whining?

Are you fucking kidding me I just rent 5 ghash for 5 btc for a day GETTING ALL PREPARED THEN I SEE THIS !!!! When I had it all thought out with 5 hours remaining then the deadline increases 

http://www.i0coin.org/

1 DAY AND 8 HOURS FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF!!!!!!!!!!!!!!


There better not be anymore delays OR I Will be out of another 10 btc :/

It says "Now!" for me. I live in the future it seems!