Ixcoin TODO

[publicjud]

This is a material event so I have to announce it.

CEX.io is looking to dump their IXC.  It's a massive block, 600,000 IXC.

Did they announce this somewhere?

No.  They informed me personally to give the foundation the first chance to buy the block so they don't destroy the market.

Did they give you a price?

[prettybuds]

This is a material event so I have to announce it.

CEX.io is looking to dump their IXC.  It's a massive block, 600,000 IXC.

Did they announce this somewhere?

No.  They informed me personally to give the foundation the first chance to buy the block so they don't destroy the market.

Did they give you a price?

they said if the foundation doesn't want it for free then it's about tree fiddy

[Vlad2Vlad]

Did they give you a price?

No.  I'll try to put a quote together after I discuss it with everyone. 

[prettybuds]

Have they been the richest IXCoin holder ever? Has/is Nasakioto (been) richer in ixes than them?

[Vlad2Vlad]

Have they been the richest IXCoin holder ever? Has/is Nasakioto (been) richer in ixes than them?

It's impossible to say.  5 years of dumping makes it impossible to predict.  I know the price stayed below 3 cents most of that time and we always had big consistent dumping.

[Vlad2Vlad]

What we can do is take bids.  Large buyers [investors] only, to expedite the process.  Let's say minimum 300,000 IXC.  

Highest bidder wins.

Let's do a 72 hour bidding window.  

Please PM me your bids.

Cheers!


Edit:  It's probably best if I don't know the bids or the buyers.  CEX doesn't need a middle man.  Please PM CEX.io your bids directly.  https://bitcointalk.org/index.php?action=profile;u=148073


Cheers!

[BitLoans]

Looking at Bitcoin, it's very much an American coin, from Gavin to guys like Hearn [and their American VC/Bank/Corporate backers] to the head of the BTC foundation, Brock Pierce, all American guys and corporation.  Only the NSA/CIA are missing on their sponsor list which I'm sure are there [unofficially]. 

Nothing wrong with that but if you want a true international image and purpose then you should prove it.  How would Americans feel adopting a coin from Russia ran mostly by Russians?

So we need to bring in key individuals from China, Russia, UK, (of course America), Italy, etc., and maybe some crazy Romanian [if he doesn't go nitro].  lol

An additional way is to make ixc available to buy/trade globally so that means various crypto exchanges around the world, especially in China where the market is so massive. 

[Vlad2Vlad]

Looking at Bitcoin, it's very much an American coin, from Gavin to guys like Hearn [and their American VC/Bank/Corporate backers] to the head of the BTC foundation, Brock Pierce, all American guys and corporation.  Only the NSA/CIA are missing on their sponsor list which I'm sure are there [unofficially]. 

Nothing wrong with that but if you want a true international image and purpose then you should prove it.  How would Americans feel adopting a coin from Russia ran mostly by Russians?

So we need to bring in key individuals from China, Russia, UK, (of course America), Italy, etc., and maybe some crazy Romanian [if he doesn't go nitro].  lol

An additional way is to make ixc available to buy/trade globally so that means various crypto exchanges around the world, especially in China where the market is so massive. 

Dude, that sounds like exactly what I would say.  Word for word.  lol

[edgar]

if theyre concerned they might destroy the market, why would they switch off miners?

its a bit iffy..

isnt ixc merged anyway, and therefore tied in with other mining?

Repeating for clarity/response.

[kraizi]

Killer news:

https://www.cryptocoinsnews.com/ghash-cex-scaling-back-mining-pool/

And now the price will fall

Dec 1st: end of IXC mining

Dec 15th: end of IXC trading

Thanks CEX.io, you have been of great support... In killing the coin.
I wish you the same.

Hahaha.  I'm crying and laughing at the same time.  It's like dancing with the devil when dealing with CEX.

Now I gotta hear Zebedee gloat.  I'm not sure which is worse.

This is the worst news possible at this point and I think getting dropped from Shapeshift had a lot more to do with this.  Lack of top security makes any coin worthless.

Cex.io scaling back their mining isn't new news.  They were supposed to stop mining iXcoin last December.

mmpool  ( http://mmpool.org/register ) is still mining iXcoin, and maybe other pools too.

[JPred]

All I can do is keep fingers iX'ed. I'll do it with both hands  

[kraizi]

You consider something else. The word bitcoin is progressively substituted with blockchain.
Nodes: btc is not the coin with the greater number of nodes anymore.
Volume: btc is still the n.1, but if it continues this way, it will not last.
Total cap: in a few months I am not sure btc will still be the n.1.
In conclusion, bitcoin will exist for a while, but I am not sure it will be the leading star.
Ixcoin depends on bitcoin, an advantage as long as btc stays strong.
Unless bitcoin innovates itself, new coins will fill the void generated by lack of constant innovation the financial system is asking. Bitcoin has still time to avoid the loss of its crown, all will be clear in a few months.

Bitcoin still has the most development, vendors and add-ons.  So I expect it to continue to be very strong for years to come, even if it drops out of the number 1 market cap position.

[kraizi]

We've been planning to stop IXC mining on December, 1st, according to the following schedule: http://blog.cex.io/news/altcoins-removal-and-multipool-suspension-14762

However, some of our users need to withdraw IXC. Therefore, we have enabled mining, just for them to withdraw the funds. At the moment, we cannot tell, when the mining will be ultimately turned off.

This is what Cex.io told me about why they extended mining past last December. 

[kraizi]

Can you tell me the exact version you're using.  There have actually been several versions of 0.9.x released.  

I use a 0.8.x version, a variant of this version. Only minor changes for pool features.

Above is another PM I'll share.  This one was from mmpool.  

On the surface Cex.io ceasing mining sounds bad, but it may be a blessing in disguise.   mmpool is a much smaller pool but it will still maintain iXcoin's hash rate higher than 95% of the other altcoins.  So no problem with security.

More importantly, mmpool mines using version 0.8.x.  When Cex.io shuts down we should FINALLY be able to get the mining upgraded and off the ancient version 0.3.24 client!!!  F2Pool, Cryptsy and Cex.io were literally holding up this upgrade for years.  This could be a huge move forward, because new functionality can be added with newer mining clients that are impossible with the older client.

[kraizi]

This is a material event so I have to announce it.

CEX.io is looking to dump their IXC.  It's a massive block, 600,000 IXC.

Did they announce this somewhere?

No.  They informed me personally to give the foundation the first chance to buy the block so they don't destroy the market.

Did they give you a price?

they said if the foundation doesn't want it for free then it's about tree fiddy

Are they really offering the foundation iXcoin for free?  Why not take it to use for bounties?  Isn't that what we've wanted to do with Nasakioto's original bounty stash we can't get our hands on?

[Vlad2Vlad]

Are they really offering the foundation iXcoin for free?  Why not take it to use for bounties?  Isn't that what we've wanted to do with Nasakioto's original bounty stash we can't get our hands on?

That guy was joking.  This is planet earth, nobody is giving away 3%+ of the IX money supply for free.  It would be nice to buy it and give it away to make up for the premine but right now we don't have the funds. 

If mmpool can maintain a high hash then I guess this won't hurt as bad, although I'm sad to be losing CEX. 

[kraizi]

If mmpool can maintain a high hash then I guess this won't hurt as bad, although I'm sad to be losing CEX. 

I'm sad too, cause hash is going to drop 90%.  Just saying there is a positive side to this and it's definitely not the end of iXcoin, maybe a new beginning.

[Vlad2Vlad]

What will happen when IXcoin is removed from CEX.io? that's going to happen in the long run, evidently.

I remember when Nasakioto posted this project in August 2011, the common opinion was that he had created it merely to enrich himself with more BTC.

You guys have been doing an amazing job keeping IX alive over the years. There's only so much you can do, though.

Thomas could have dumped the entire premine and still not have made enough to pay for the server, domain and other costs.  IX was never a get rich quick scheme for Thomas or anyone else associated with IX.  It's either the real deal or nothing.

Regarding CEX, Long term it's hard to say but short term it's never good to lose such a big partner and 90% of your security.  We'll see what happens.

[JohnnyBTCSeed]

https://bitcointalk.org/index.php?topic=1476057.msg14879996#msg14879996


Thomas is a legend!

[Vlad2Vlad]

https://bitcointalk.org/index.php?topic=1476057.msg14879996#msg14879996


Thomas is a legend!

Bahahahaaaaaa.

GENIUS!  When is the Hollywood lawsuit gonna start?  lol