Ixcoin TODO

[From Above]

<scumbag>

DUDE leave !  and dont quote me !

leave my friend alone u frictionless imposter bitch.  hes a good guy unlike U.

~CfA~

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[Vlad2Vlad]

<scumbag>

DUDE leave !  and dont quote me !

leave my friend alone u frictionless imposter bitch.  hes a good guy unlike U.

~CfA~

Bopoнa нiкoли нe бyдe coкiл.

Wat?

[Vlad2Vlad]

Bopoнa нiкoли нe бyдe coкiл.

Wat?

Some idiot trying Google Translate trying to pose as a Ukrainian.


~BCX~

Well, he's not an idiot.  CfA is Ukrainian so I think the message is:  Hey, this guy is Ukrainian.

You know, just like CEX.io and its execs are Ukrainian.

Just another silly coincidence I'm sure.

[Vlad2Vlad]

wow, tough crowd, tough crowd.

but really, this thread stays mostly dead and then bcx comes out of the blue to spank me?

!

whats next mark m is gonna weigh in?

Man, I haven't seen MarkM for months.  I wonder if he's still on the crypto scene and what he's been up to.  I should PM him cause I've been wondering lately if he's ok. 

[kraizi]

As of today we have no list of miners and what 'Tx fee' they will require in order to process your request to send money over the Ixcoin network, I've been using 0.001 in the client(s) a long time, and never have a delay in sending, more than likely, it could be set to zero and the miners are building your transactions in there for free.  Don't expect that to continue very much past the last mined block...

As cinnamon_carter pointed out, some clients force a minimum, others do not.  How do we want our new 0.9.2 client to act?  I vote for a default min Tx of 0.001 ixc in the next release, as long as it's constructive, would appreciate others with an opinion on that subject.

So in order to compile a list of what the current Tx fee's are, the only thing we can do right now, is use the various exchange withdrawal fees as a proxy for that minimum.  NOTE: Cex.io is mining (via ghash.io) as well as offering you trades to bitcoin on their site, the others are simply exchanges:

The withdrawal fees are:
Cex.io           0.001 ixc withdrawal fee
Cryptsy.com  0.000700 ixc withdrawal fee
Vircurex.com 10.0 ixc  minimum, withdrawal fee 8.0 ixc  (OUCH!)
Poloniex.com  0.01 ixc withdrawal fee
Swisscex.com 0.05 ixc with a 0.1 minimum

Sidenote: Wow - 24hr trading volume on cex.io just shot up to 29850 ixc in the last few hours...

ETA: Based on today's ixc price of ~0.00006, the Vircurex withdrawal fee is still only ~0.00048 btc, as Ixcoin price rises, that number will have to come down, IMO we can look at that 8.0 ixc withdrawal fee as a high water mark for what miners can expect to earn for a transaction fee from participants, otherwise it would be cheaper to just use bitcoin for the transfer.  Remember though: a miner is collecting as many transaction as possible to make a block, so added together, those fees could really add up to some serious Cheddar over time.  The balance between price discovery and transaction fee costs is the experiment we're about to begin.

Are you sure you don't mean .0001, not .001, for your transaction fee?  If you look at the block explorer the most common iXcoin transaction fees are .0001 and .0005 ( http://darkgamex.ch:2751/chain/IXCoin ).

I never quite understood how the minimum transaction fee works.  Sometimes I can select zero transaction fee for Bitcoin, but I still have to pay .0001.  Other times I pay nothing, but it may take up to 10-12 hours to send.  I've never had a transaction held up for more than 12 hours if I select zero transaction fee.  
 
We need to be careful not to set the overall minimum too high.  The miners can set what they want for the blocks they mine.  Also, withdrawal fee and transaction fee are very different animals.  I wouldn't use exchange withdrawal fees to decide what the transaction fee should be.

[BitcoinEXpress]

I know there is a quote or two from the early days around here regarding your mining of ixcoin.

That is true, I do have over 200,000 IXC on an HD somewhere but it is meaningless.

Nakasioto was the original pre-mine scammer and I promised him way back in mid 2011 that no matter when, where or why until he destroyed his 500,000 premine or turned it over to a neutral third party that IXC would never get past me. I keep my promises.



~BCX~

[FrictionlessCoin]

I know there is a quote or two from the early days around here regarding your mining of ixcoin.

That is true, I do have over 200,000 IXC on an HD somewhere but it is meaningless.

Nakasioto was the original pre-mine scammer and I promised him way back in mid 2011 that no matter when, where or why until he destroyed his 500,000 premine or turned it over to a neutral third party that IXC would never get past me. I keep my promises.



~BCX~

With so many Proof of Stake systems like Ripple, Stellar, Nxt, Bitshares etc....  I'm surprised that people even give a damn that some coins were pre-mined!

[Vlad2Vlad]

That is true, I do have over 200,000 IXC on an HD somewhere but it is meaningless.

Nakasioto was the original pre-mine scammer and I promised him way back in mid 2011 that no matter when, where or why until he destroyed his 500,000 premine or turned it over to a neutral third party that IXC would never get past me. I keep my promises.



~BCX~

Well, why don't you attack and kill iXCoin then?

Hahahaa.  Sorry, I had to say that.

And you know what, if CEX ever drops IXC you would be able to kill it with your massive ASICS farm which I dream of nearly every night while I sleep.  lol.

But seriously, aren't you shocked that a supposed scammer like Thomas still has the premine over 3 years later and is still actively paying out large bounties [as promised]?

That shocked even me.  I thought that premine was Loooooong gone.  Why would someone like Thomas hold on to it all these years and still pay out bounties?  It was worth quite a lot of money on these last couple of big spikes? 

And when did you ever see a dev buying coins for a lot of Bitcoins right after launch when he already had a huge premine to cash in?  That's unheard of.  Devs with premines dump coins - they don't buy more!

Doesn't anyone else think about this stuff?  I do and it masks me crazy - crazy enough to have bought up IXC like a madman.

Why isn't anyone else shocked by this and why isn't anyone trying to figure out why?  Cause if he cared about iXCoin he would actually be here once in a while and he wouldn't have abandoned ixCoin for 2 straight years.

So why then??  Why??

[BitcoinEXpress]

cue thomas?!

You and Vlad make great points.

Why doesn't Thomas come here and make them himself.


~BCX~

[Spoetnik]

interesting.. i never cared to much about this coin
but BCX's revelation (has a bunch tucked away) is fascinating. lol

and while reading the last batch of comments i kept thinking why is the dev not saying it ?

anytime i run into a quote from Gavin Anderson i agree 101%
his above mentioned quote is much YES !
but wasn't BTC premined too ?

[Vlad2Vlad]

cue thomas?!

You and Vlad make great points.

Why doesn't Thomas come here and make them himself.


~BCX~

Anybody ever see a dev who only logs in a few times per year yet holds on to a valuable premine for over 3 years and still pays out large bounties?

[kraizi]

That is true, I do have over 200,000 IXC on an HD somewhere but it is meaningless.

Nakasioto was the original pre-mine scammer and I promised him way back in mid 2011 that no matter when, where or why until he destroyed his 500,000 premine or turned it over to a neutral third party that IXC would never get past me. I keep my promises.

~BCX~

But seriously, aren't you shocked that a supposed scammer like Thomas still has the premine over 3 years later and is still actively paying out large bounties [as promised]?

That shocked even me.  I thought that premine was Loooooong gone.  Why would someone like Thomas hold on to it all these years and still pay out bounties?  It was worth quite a lot of money on these last couple of big spikes? 

And when did you ever see a dev buying coins for a lot of Bitcoins right after launch when he already had a huge premine to cash in?  That's unheard of.  Devs with premines dump coins - they don't buy more!

Doesn't anyone else think about this stuff?  I do and it masks me crazy - crazy enough to have bought up IXC like a madman.

Why isn't anyone else shocked by this and why isn't anyone trying to figure out why?  Cause if he cared about iXCoin he would actually be here once in a while and he wouldn't have abandoned ixCoin for 2 straight years.

So why then??  Why??

My guess is Thomas is a big Bitcoin holder and since Bitcoin has risen in price so much since 2011 his get rich iXcoin scheme is no longer important to him.  That would explain why he's only on the iXcoin forum once every few months.  He has no reason to dump iXcoin because he doesn't need the money and wouldn't get much for it anyway.  He keeps paying out bounties because he's following his original plan, just not so aggressively.  That's my take on why he behaves as he does.

[FrictionlessCoin]

My guess is Thomas is a big Bitcoin holder and since Bitcoin has risen in price so much since 2011 his get rich iXcoin scheme is no longer important to him.  That would explain why he's only on the iXcoin forum once every few months.  He has no reason to dump iXcoin because he doesn't need the money and wouldn't get much for it anyway.  He keeps paying out bounties because he's following his original plan, just not so aggressively.  That's my take on why he behaves as he does.

I agree.  Anyone who created an alt-coin back in early 2011 surely has enough BTC to not care what happens to IXC.

[Vlad2Vlad]

You and Vlad make great points.

Why doesn't Thomas come here and make them himself.


~BCX~

Ok BCX, time to take a break from killing ShitCoins and join the iXCoin party.  Haha!  Took me a year to get you to see "the light" but I'm glad you finally saw it.  lol.

Well, we'll find out in less than 2 months if I'm crazy and delusional.  At least you're well diversified, much less worries than a guy like me.

Cheers!

[Vlad2Vlad]

My guess is Thomas is a big Bitcoin holder and since Bitcoin has risen in price so much since 2011 his get rich iXcoin scheme is no longer important to him.  That would explain why he's only on the iXcoin forum once every few months.  He has no reason to dump iXcoin because he doesn't need the money and wouldn't get much for it anyway.  He keeps paying out bounties because he's following his original plan, just not so aggressively.  That's my take on why he behaves as he does.

Ok, so he did a premine with the intent to scam but then got unexpectedly rich like 1 month later?  3 months later?  1 year later?

No, that theory has a massive hole in it.  Bitcoin didn't take off for quite some time after IXC was launched and at that time Thomas spent more BTC launching IXC than the entire value of the IXC premine.  Not a very good way to make money off premines.

And, right after the coin was launched he was buying IXC on the open market, something premine dumping scammers NEVER do, which means he was NEVER in need of the premine money.

If he had gotten rich off Bitcoin after the launch it would have been more than 1 year later by which time he would have dumped the premine if that was his original intention and he would have never spent BTC to buy an overpriced IXC if he knew it was a premine pump and dump.

So once again, the most plausible conclusion points to a premeditated - well thought-out [long term] plan.

But who at that time could have planned something so sophisticated and had that kind of vision [about cryptos and Bitcoin] so many years ahead of everyone else?


I think the odds are GREAT that Thomas is a well known big name Bitcoin insider.  But who could it be?

[JohnnyBTCSeed]

Roger Ver Must be Thomas

it all makes sense now...

Thank you ixcoin jesus

[BCFrictionless]

I think the odds are GREAT that Thomas is a well known big name Bitcoin insider.  But who could it be?

probably come from above lol

[Vlad2Vlad]

My top 5 guesses of who Thomas really is, in order of most likely to least likely:


1)  Gavin Andresen

2)  Hal

3)  Jeff Garzic

4)  Nick Zsabo

5)  Satoshi Nakamoto


I know.  That's insane.  But unless someone can give me just one plausible explanation for all these crazy things I have found then I have to assume there is another logical explanation and for now this is the most logical. 

Unless Thomas is just a bored nutjob but bored nutjobs don't create such perfectly crafted multi-year plans and then execute them like a pro.

[Vlad2Vlad]

Roger Ver Must be Thomas

it all makes sense now...

Thank you ixcoin jesus

Hahahaa.  There's a near zero chance of that.  He's a salesman: not a planner, strategist, thinker or visionary.

[develCuy]

getting IXC from merged mining, should I hold or just trade them for BTC?