If Ixcoin dies then Bitcoin is also doomed

[BitcoinNational]

Wow, didn't realize it was coming up so soon, but you're correct. About 98.4% at the sixth halving, which is like fifteen or sixteen years from now.

That's right.

So, basically, if iXcoin dies then Bitcoin is already dead.

Just something to think about.  

This is sort of the point KiDs ...

I know you BTC maximist, all high on $800 BTC, will go Na Na Na, whateverz.
But this is a reality of the code.  [Again the canary is gasping and weezy!]
BTC camp will likely ignore this for 3-5 years.  Then the sharks will chomp it to pieces and float off to the ALTs that have established themselves.

The solution is NOT TO FORK but to develop the current MM SHA coin suite, and to launch a few more projects.  Also projects like XCP and OMNI could inject revenue via platform fees.  

Longterm vision stuff.  And SHA 256 in general has been vampire like in sucking all the revenue to the BTC side while basically ignoring SHA alts.    

[Vlad2Vlad]

Wow, didn't realize it was coming up so soon, but you're correct. About 98.4% at the sixth halving, which is like fifteen or sixteen years from now.

That's right.

So, basically, if iXcoin dies then Bitcoin is already dead.

Just something to think about.  

This is sort of the point KiDs ...

I know you BTC maximist, all high on $800 BTC, will go Na Na Na, whateverz.
But this is a reality of the code.  [Again the canary is gasping and weezy!]
BTC camp will likely ignore this for 3-5 years.  Then the sharks will chomp it to pieces and float off to the ALTs that have established themselves.

The solution is NOT TO FORK but to develop the current MM SHA coin suite, and to launch a few more projects.  Also projects like XCP and OMNI could inject revenue via platform fees.  

Longterm vision stuff.  And SHA 256 in general has been vampire like in sucking all the revenue to the BTC side while basically ignoring SHA alts.    

Interesting.  Thx. 

What's your take on the difficulty reset every 144 blocks? 

[BitcoinNational]

reset every Block (why not?)

But I don't think iX should fork. 
Spinoff, reset every 1.44 blocks/add POS, shareholders get 2 sets of iX

[Vlad2Vlad]

reset every Block (why not?)

But I don't think iX should fork. 
Spinoff, reset every 1.44 blocks/add POS, shareholders get 2 sets of iX

Reset every block and spinoff instead of Hardfork?  That might actually work well with what we have in mind. 

[BitcoinNational]

But I don't think iX should fork.  
Spinoff

point is HARD FORK vs. spinoff

{so iX "Classic" goes off into that 'GoodNight!'}
yet 2 exist, theoretically.

_{*Because project = FAIL; it may take 20-30 days @ 100 TH/s for iX 1.0 to confirm TX}

[thejaytiesto]

This is total nonsense. Who cares about some unrelated altcoin that works under a different blockchain? it's not bitcoin, that altcoin can go and die, so what, bitcoin is growing and making great gains for holders, we are about to see the best year on bitcoin ever, 2017 will be glorious, altcoin fudsting is veyr noneffective. It's just sad to see all those shills pumping coins while claiming how bitcoin is doomed.

[Vlad2Vlad]

This is total nonsense. Who cares about some unrelated altcoin that works under a different blockchain? it's not bitcoin, that altcoin can go and die, so what, bitcoin is growing and making great gains for holders, we are about to see the best year on bitcoin ever, 2017 will be glorious, altcoin fudsting is veyr noneffective. It's just sad to see all those shills pumping coins while claiming how bitcoin is doomed.

Bitcoin will most likely hit $1 million.  I've said this from the beginning but Bitcoin won't be the high txs, daily use coin.

[kiklo]

This is total nonsense. Who cares about some unrelated altcoin that works under a different blockchain? it's not bitcoin, that altcoin can go and die, so what, bitcoin is growing and making great gains for holders, we are about to see the best year on bitcoin ever, 2017 will be glorious, altcoin fudsting is veyr noneffective. It's just sad to see all those shills pumping coins while claiming how bitcoin is doomed.

Hmm,

The people that believe their Alt is better & more sustainable than BTC.  

BTC is a crap coin , it is old & slow, and having an internal power struggle between the BTC core (LN=Bankers) and the Chinese Miners.

Make no mistake , this year BTC price is nothing more than a pump , the dump comes in 2017.

BTC reached it's peak in Nov 2013 of ~ $1275, so technically it has been and still is a LOSER from over 3 years.  


 

[BurtW]

Bitcoin will most likely hit $1 million.

Only if a cup of coffee costs $1000

https://bitcointalk.org/index.php?topic=1418964.msg15094043#msg15094043

[ArticMine]

Is there a link to the Ixcoin emission curve and how it compares to Bitcoin's emission curve?

[FunkyDuck]

Is there a link to the Ixcoin emission curve and how it compares to Bitcoin's emission curve?

https://web.archive.org/web/20111006062902/https://ixcoin.org/wiki/index.php?title=FAQ

[nemgun]

This is total nonsense. Who cares about some unrelated altcoin that works under a different blockchain? it's not bitcoin, that altcoin can go and die, so what, bitcoin is growing and making great gains for holders, we are about to see the best year on bitcoin ever, 2017 will be glorious, altcoin fudsting is veyr noneffective. It's just sad to see all those shills pumping coins while claiming how bitcoin is doomed.

Hmm,

The people that believe their Alt is better & more sustainable than BTC.  

BTC is a crap coin , it is old & slow, and having an internal power struggle between the BTC core (LN=Bankers) and the Chinese Miners.

Make no mistake , this year BTC price is nothing more than a pump , the dump comes in 2017.

BTC reached it's peak in Nov 2013 of ~ $1275, so technically it has been and still is a LOSER from over 3 years.  


 

This makes non sence to me, yes there is a struggle, yes the transaction speed is slow, but i don't think thant bitcoin will drop mainly because of the increasing acceptance, at a moment they will be forced to work together in order to either maintain the price, any way, they will solve the struggle, and the dump you are talking about can't really happen unless miners decides to stop mining. Even in this case, Altcoins will fill the space left by Bitcoin, there are a lot of users here supporting them, the scam coins can be easily identified, so as legit coins, it will be up to the end-users to decide.

[kiklo]

This is total nonsense. Who cares about some unrelated altcoin that works under a different blockchain? it's not bitcoin, that altcoin can go and die, so what, bitcoin is growing and making great gains for holders, we are about to see the best year on bitcoin ever, 2017 will be glorious, altcoin fudsting is veyr noneffective. It's just sad to see all those shills pumping coins while claiming how bitcoin is doomed.

Hmm,

The people that believe their Alt is better & more sustainable than BTC.  

BTC is a crap coin , it is old & slow, and having an internal power struggle between the BTC core (LN=Bankers) and the Chinese Miners.

Make no mistake , this year BTC price is nothing more than a pump , the dump comes in 2017.

BTC reached it's peak in Nov 2013 of ~ $1275, so technically it has been and still is a LOSER from over 3 years.  


 

This makes non sence to me, yes there is a struggle, yes the transaction speed is slow, but i don't think thant bitcoin will drop mainly because of the increasing acceptance, at a moment they will be forced to work together in order to either maintain the price, any way, they will solve the struggle, and the dump you are talking about can't really happen unless miners decides to stop mining. Even in this case, Altcoins will fill the space left by Bitcoin, there are a lot of users here supporting them, the scam coins can be easily identified, so as legit coins, it will be up to the end-users to decide.

You see the Struggle, You know it is slow.

What many people don't get, is the price is only going up because less people are using it to buy goods & services.
When you spend BTC on physical goods, the vendor immediately converts it to FIAT,
to avoid the price fluctuation which could have made them sell a product for less than what they paid for it.
This causes a downward price pressure , until a leveling off occurs of people buying it to spend.
BTC Volume is eons away from showing a leveling off, that would create a stable price.
 
Right now Only a bunch of speculators & day traders are holding , but with the market only going up, means actual usage as a currency is not happening.
IE the pump.

Now After Jan 1st , those speculators will be able to cash out to FIAT and it will be 2018 before they have to worry about the taxes in the US.
(Speculation is the U$ Dollar will grow much Stronger, holding BTC will be too risky in comparison.)
Also at some point Those miners are going to have to update those ASICS, and they will dump their BTC to afford more.
IE: The Dump
(Scheduled in 2017)  

 

[pineapples]

this recent BTC block has fees worth    0.87361409 BTC
https://blockchain.info/block/0000000000000000031a205f604beb1df9a3ea8e090a5336fd62ec66801ef1f1

(amusingly , the next two blocks were both within 4 minutes and have much lesser fees
0.4166319 BTC
0.01224262 BTC)

needs to consider are,
value of fees in $$$ (as BTC increases we can expect fees in BTC to decrease)
and
will segwit or other new features increase the number of tx in block, and what will the increase in fee value be?

..
IxCoin does not have a popular usage, to say it is directly parallel to BTC is poor logic.

[ArticMine]

...


https://web.archive.org/web/20111006062902/https://ixcoin.org/wiki/index.php?title=FAQ

Thanks for the link.

I see two issues here. First there is the very small miner reward that has already caused the difficulty to fall drastically and then there is the delay in the difficulty adjustment that is causing the very slow blocks. The latter phenomenon is seen in other SHA 256 coins, for example Freicoin, where a sudden drop in hashrate is not reflected in a corresponding drop in difficulty. This can cause the hashrate to fall even further in a vicious circle and lead to very slow blocks. Freicoin is a good example because it has a tail emission from the demurrage. This shows that the slow blocks are not caused by a lack of a tail emission or very low emission alone, although a very small emission can aggravate the problem. The slow blocks are for the most due to the recycling of old ASIC Bitcoin miners to mining other SHA-256 coins. This can lead to sudden drops hashrate that cause the slow blocks because of the delay in difficulty adjustment. I do not see this been an issue with Bitcoin since Bitcoin is by far the lead SHA256 coin. The very small block reward in Ixcoin on the other hand is a warning of what can happen to Bitcoin security wise.  

[dontryjustdoit]

Does it really matter?  I dont see how. most people dont even know it exist.

[Belligerent Fool]

The reason why Ixcoin went the way it did was because it was just another clone coin... Yeah it cloned stuff when nobody was cloning anything but the person/dev that done so didn't take in the exponentially expanding network hashrate of Bitcoin & reward structure, it is mined out it & needs a hardfork of 1 Reward Indefinite to be sustainable