Ixcoin TODO

[Vlad2Vlad]

Does anybody wanna pitch in with me for a bounty to update the ixCoin wallet?  

Vlad

If you look at the first page of this post you will see the following bounties have been offered.


   Ixcoin client update bounties
   ----------------------------
   Nasakioto   30,000 IXC   
   tazman      10,000 IXC   
   ayayay   "I can contribute Ixcoins to development"


Just add your name to the list if you're interested.

Yeah, I saw that but there's a big huge massive problem, the dev, offering the biggest bounty, is nonexistent.  I've tried to reach him and it's impossible.

The guy insists on acting like Satoshi. Cause 30,000 (+10,000) ixCoin would be enough, I'm guessing, to do the update we need.  But how is a coder gonna collect if Thomas is playing Mr. invisible games?

Does anybody know this guy, can you give him a message to cough up the 30,000 ixCoins?  I will front the money if I can at least get some confirmation from him.  This is what the premine was for, bounties for the coin, and it's not right that a guy like me who had to buy these ixCoins to now pay out of pocket for necessary fixes which the premine should have addressed.

Thomas, come on bro, time to come out and say something.  Or send me the 30,000 ixCoins and I'll make sure to find someone to do the update.  

Thanks!

[Vlad2Vlad]

I sent out PM's to the guys who said they'd help pay for the client upgrade Bounty and I'm waiting to hear back.

I also PM'd Mr. Thomas Nasakioto, and I am patiently waiting for hell to freeze over.  

[jubalix]

I sent out PM's to the guys who said they'd help pay for the client upgrade Bounty and I'm waiting to hear back.

I also PM'd Mr. Thomas Nasakioto, and I am patiently waiting for hell to freeze over.  

Thomas Nasakioto pm'd me a while back

[Vlad2Vlad]

I sent out PM's to the guys who said they'd help pay for the client upgrade Bounty and I'm waiting to hear back.

I also PM'd Mr. Thomas Nasakioto, and I am patiently waiting for hell to freeze over.  

Thomas Nasakioto pm'd me a while back

What's a while back?  Cause he was obviously here a few months ago, posting but since then he has gone "zero dark thirty".  Lol

Why?  Why come back just to evaporate right away without a sign of life?   This coin is almost as bizarre and mysterious as Bitcoin.  Not sure if that's a good thing but I do know if anyone wants to adopt a coin they would very much want a coin with no sign of an owner or dedicated dev, and ixCoin sure has that to offer.

[CYPER]

I think you should start to acknowledge the notion that you will never see your 50BTC back.

[Vlad2Vlad]

I think you should start to acknowledge the notion that you will never see your 50BTC back.

lol, I'm closer to 60 BTC now as I couldn't turn down the ridiculous low prices we saw last week.


I've been investing in high risk stocks [mostly internet and tech stocks] for over 20 years now and one thing that happens when you lose your entire investment, again and again, some 5 or 6 times, is that you either quit and never rise up to that challenge ever again, which is what happens to most investors within the very first year, or you learn to detach yourself from your money and do everything in your power to gain knowledge, insight and understanding in order to get better at that particular lot in life.

So when I objectively chose ixCoin to be the next great crypto, I naturally invested quite a bit of money and in my mind, on that very day, I already lost that money.  Because that's how risky of an investment these cryptos are., especially the less popular and abandoned ones like ixCoin.

Therefore, I have already come to terms with the notion that I have lost nearly 60 Bitcoins of hard earned money.  And let me tell you, it does still hurt a little bit, although never as badly as the first time when I was just a young college kid and I had lost most of my life savings in one swift blow and I remember sobbing, like a little kid, and calling myself stupid for thinking I could be an investor, and then I immediately realized this was a normal thing in the real world of life, and at that point I chose to go on and keep investing regardless of how much or how many times I failed, just as long as I improved - and let me tell you, it took a long time and a lot of years of painful experience and University degrees, and a lot of praying for insight and understanding from God, but I did manage to get better and better.  Investing in high risk tech stocks and options has been, by far, the most difficult and the steepest learning curve, of anything I have ever tried to ever learn.

And now we'll see if any good comes out of all those years of heavy losses and painful learning how to invest in highly speculative investment vehicles.  I have a very strong feeling, within 6-12 months, I will know, one way or another. 

But for now, I sure would like an encrypted wallet - so you know, some hacker doesn't steal a lifetime of hard work and perseverance. 

[CYPER]

I think you should start to acknowledge the notion that you will never see your 50BTC back.

lol, I'm closer to 60 BTC now as I couldn't turn down the ridiculous low prices we saw last week.


I've been investing in high risk stocks [mostly internet and tech stocks] for over 20 years now and one thing that happens when you lose your entire investment, again and again, some 5 or 6 times, is that you either quit and never rise up to that challenge ever again, which is what happens to most investors within the very first year, or you learn to detach yourself from your money and do everything in your power to gain knowledge, insight and understanding in order to get better at that particular lot in life.

So when I objectively chose ixCoin to be the next great crypto, I naturally invested quite a bit of money and in my mind, on that very day, I already lost that money.  Because that's how risky of an investment these cryptos are., especially the less popular and abandoned ones like ixCoin.

Therefore, I have already come to terms with the notion that I have lost nearly 60 Bitcoins of hard earned money.  And let me tell you, it does still hurt a little bit, although never as badly as the first time when I was just a young college kid and I had lost most of my life savings in one swift blow and I remember sobbing, like a little kid, and calling myself stupid for thinking I could be an investor, and then I immediately realized this was a normal thing in the real world of life, and at that point I chose to go on and keep investing regardless of how much or how many times I failed, just as long as I improved - and let me tell you, it took a long time and a lot of years of painful experience and University degrees, and a lot of praying for insight and understanding from God, but I did manage to get better and better.  Investing in high risk tech stocks and options has been, by far, the most difficult and the steepest learning curve, of anything I have ever tried to ever learn.

And now we'll see if any good comes out of all those years of heavy losses and painful learning how to invest in highly speculative investment vehicles.  I have a very strong feeling, within 6-12 months, I will know, one way or another. 

But for now, I sure would like an encrypted wallet - so you know, some hacker doesn't steal a lifetime of hard work and perseverance. 

Instead of waiting for a wallet update, just do it yourself - encrypted rar archive or truecrypt file.

[Vlad2Vlad]

IxCoin is getting killed.  

Down like 60% in a single week. Since I boasted about how well it was doing.

Unpredictable shit like this can really mess with a man's mind, theories and not to mention plunder his pocket book.

Had I waiting and used up all those Bitcoin now I'd own over 5% of this coin.  Maybe even 6%.  

Now I see how all the other alt coins feel - this hurts, and it's scary to watch unravel.

Where did I miscalculate, ixCoin should have kept up with Bitcoin - and then some.  It was for the most part, and then all of a sudden, the bottom dropped out.


So just like that I'm down like 25 Bitcoins.  Yikes!

[DeathAndTaxes]

Did you ever think there was no strong correlation and Ixcoin prices simply went higher because a few deluded fools bought 3% of the coins ea in a short period of time?  Eventually their money ran out, demand crashed and the price goes lower.  I mean on some days you boasted how you were 30% to 50% of the sales volume.   What did you think was going to happen to the price when you stopped buying? New coins are being minted everyday.  You don't think merge miners are also buying more ixCoin on the market.   So when merge miners sell 13,000 IXC today who is going to buy them.  Who is going to buy the 13,000 mined tomorrow, and the 13,000 mined the next day.

Name a merchant who uses Bitcoin.
Name a service provider/processor who uses Bitcoin.
Name a recent mainstream news article involving Bitcoin.
Name 5 people/psuedonyms (might require some research hint: github) who have contributed an updated to Bitcoin source code in last 30 days.

Name a merchant who uses Ixcoin.
Name a service provider/processor who uses Ixcoin.
Name a recent mainstream news article involving Ixcoin.
Name 5 people/psuedonyms (might require some research hint: github) who have contributed an updated to Ixcoin source code in last 30 days.

The price is about 10x higher than where the fundamentals would put it.   There is always hope: http://en.wikipedia.org/wiki/Greater_fool

[Vlad2Vlad]

Did you ever think there was no strong correlation and Ixcoin prices simply went higher because a few deluded fools bought 3% of the coins ea in a short period of time?  Eventually their money ran out, demand crashed and the price goes lower.  I mean on some days you boasted how you were 30% to 50% of the sales volume.   What did you think was going to happen to the price when you stopped buying? New coins are being minted everyday.  You don't think merge miners are also buying more ixCoin on the market.   So when merge miners sell 13,000 IXC today who is going to buy them.  Who is going to buy the 13,000 mined tomorrow, and the 13,000 mined the next day.

Name a merchant who uses Bitcoin.
Name a service provider/processor who uses Bitcoin.
Name a recent mainstream news article involving Bitcoin.
Name 5 people/psuedonyms (might require some research hint: github) who have contributed an updated to Bitcoin source code in last 30 days.

Name a merchant who uses Ixcoin.
Name a service provider/processor who uses Ixcoin.
Name a recent mainstream news article involving Ixcoin.
Name 5 people/psuedonyms (might require some research hint: github) who have contributed an updated to Ixcoin source code in last 30 days.

The price is about 10x higher than where the fundamentals would put it.   There is always hope: http://en.wikipedia.org/wiki/Greater_fool

Those are all valid point but there were long periods of time, weeks at a time when I wasn't buying any coins and there were entire weeks where I had orders outstanding above the ask and I could hardly fine any coins for sale.

So where were these merge miners I was asking about back then?  Why weren't they dumping, why wasn't anyone dumping.  That was very odd.

And what's more odd, now that the coin took a huge dive there's thousands or coins up for sale out of the blue.  So when the price was triple hat it is now I couldn't find these coins for sale and now with the price down nearly 70%, there's tons of coins to buy.

Does that make any sense?  Cause if these are merge miners (and it makes sense that they are the ones dumping) why weren't they dumping at 10000 and 15000 and even higher?

It just doesn't add up.  

What I need now is 10 BTC to buy these cheap coins to at least feel better about paying such high prices these last few weeks.

As for the greater fool theory - if I'm dead wrong about ixCoin I seriously doubt I'll ever find a greater fool to dump my coins on.  

One way or another - I will be number 1.  

[markm]

Maybe it is the other way around: the price is way down because people are dumping lots of coins.

So instead of asking why are people dumping so many when the price is so low, try asking why the price is so low when people are dumping so many, which is maybe a less difficult question to answer.

I suspect people were just oblivious to their IXCoins in the past, maybe still are, like they dump when they see they have lots accumulated maybe instead of when they see a good price to sell them for. In essence maybe they arent' caring about price, they assume all altcoins are worthless and pick a day to sit down and dump their accumulated (e.g. from merged mining) altcoins regardless of whether some coins happen to be having a good day or a bad day that day. Its sell my coins day so I sell for whatever people are paying today kind of thing?

Re D&T's point about 13,000 more coins every day that is not going to go on forever, it ends relatively soon, IXCoin is not a forever-minting coin like DeVCoin, GRouPcoin. GeistGeld and (maybe?) CoiLedCoin. Someone said some time ago there was less than a year and a half left of minting, though I didn't check their math to see if they were right.

-MarkM-

[disclaimer201]

Ixcoin is a nice fast coin. What's not to love?

[markm]

If you like fast, check out GeistGeld. Like IXCoin it is merged mined, unlike IXCoin it recently got a slight fixup for the RAM usage problems all merged mined coins need to fix and keeps on mining coins forever. It has like 30 or 40 second blocks I thinl, something like that. Basically so fast that some people were/are concerned that the need to keep getting work for it so often would risk slowing down the getting of work for all the other coins you merge. Until recently it needed 16+ gigs of RAM but the quick and dirty fix, which is the same quick and dirty fix that was applied to I0Coin (and by the same programmer) before a proper fix was then made for I0Coin, has it now using less than a gig, close to half a gig maybe.

So if you were putting off merging GeistGeld because of its RAM needs, grap rsnel's gitup repo with the quick and dirty fix and use that...

...There will be a couple of days lead-time though as there are a LOT of blocks and you basically need to get all the blocks from scratch as it uses a different blockchain format on disk from the old RAM-hogging version.

Then if you like it, join the campaign to try to bribe rsnel into doing the full and proper fix, the one he did to I0Coin, to all the merged mined coins. (Namecoin, Devcoin, Groupcoin, Ixcoin, Coiledcoin and Geistgeld.)

-MarkM-

[Vlad2Vlad]

Ixcoin is nice fast coin. What's not to love?

IxCoin is not fast, you must be thinking about i0Coin which is a 2 minute coin.

IxCoin is identical to Bitcoin, 10 minute blocks, and there's nothing fast about that.

[Vlad2Vlad]

Maybe it is the other way around: the price is way down because people are dumping lots of coins.

So instead of asking why are people dumping so many when the price is so low, try asking why the price is so low when people are dumping so many, which is maybe a less difficult question to answer.

I suspect people were just oblivious to their IXCoins in the past, maybe still are, like they dump when they see they have lots accumulated maybe instead of when they see a good price to sell them for. In essence maybe they arent' caring about price, they assume all altcoins are worthless and pick a day to sit down and dump their accumulated (e.g. from merged mining) altcoins regardless of whether some coins happen to be having a good day or a bad day that day. Its sell my coins day so I sell for whatever people are paying today kind of thing?

Re D&T's point about 13,000 more coins every day that is not going to go on forever, it ends relatively soon, IXCoin is not a forever-minting coin like DeVCoin, GRouPcoin. GeistGeld and (maybe?) CoiLedCoin. Someone said some time ago there was less than a year and a half left of minting, though I didn't check their math to see if they were right.

-MarkM-

Correct, ixCoin is done minting around mid 2015.

But with the hash rate so high I wonder if we're aproaching 5 minute block times like with Bitcoin so I'm wondering if minting will be done sooner, like next year.

What you're saying was my theory which is why I was confused. It seems everyone is oblivious to ixCoin and nobody seems to want it and so I elected tha merge miners and pools would dump their coins with regularity regardless of the price. 

And this is why over the last 4-5 months I've been so perplexed because I was simply not seeing any dumping of the sort.  The last 2 days was the first time I've seen this and even then, I saw maybe 20,000 total coins being offered at a low price. 

That's still not much considering there's 13,000 coins per day and there's 17 million coins out.  I still cannot find a logical explanation - given ixCoin is in not demand in any way right now and most don't care about it. 

So then, who is hoarding millions of ixCoins, cause there's no way thousands of merge miners are all hoarding it, the mentality for ixCoin is simply not positive in any way right now. 

[Vlad2Vlad]

It's been a few days and still no response from the dev, Thomas Nasakioto.

Add that to the many oddities which make no sense about ixCoin.

So the dev comes back and the coin does well, given it was abandoned and left for dead, and he even posts some bounties.

And now here comes and idiot like me who's invested heavily in ixCoin and as I try to get the client and code updated I cannot even get a response from the dev to at least confirm he will pay the bounties which he has already promised and which are from the premine which was intended, in part, for bounties.

Is this guy, Thomas wannabe Satoshi, intentionally being a flake and an asshole, or is this Bitcoin 2.0 and we should be happy we also have a fake Japanese guy who up and abandoned his coin as well?

Cause I'm not sure if I should be angry or ecstatic about this.  Lol.

[DeathAndTaxes]

Satoshi didn't abandon Bitcoin.  By the time Satoshi left the Bitcoin project had a dozen or more regular contributors and Gavin had stepped up as a senior developer.   Satoshi even made sure to give Gavin the alert key before disappearing.

Hell for all we know Satoshi "vanished" because he stepped out in front of a bus and that was the end.   Nobody in his real world life knew about his "Satoshi" pseudonym and nobody in the Bitcoin world knew his real identity to know he wasn't around anymore.

It seems you have a very good ability to turn any negative into a positive.  Having no active development, no lead developer, no community support, no active testing and patching = NOT GOOD.

[Vlad2Vlad]

Satoshi didn't abandon Bitcoin.  By the time Satoshi left the Bitcoin project had a dozen or more regular contributors and Gavin had stepped up as a senior developer.   Satoshi even made sure to give Gavin the alert key before disappearing.

Hell for all we know Satoshi "vanished" because he stepped out in front of a bus and that was the end.   Nobody in his real world life knew about his "Satoshi" pseudonym and nobody in the Bitcoin world knew his real identity to know he wasn't around anymore.

It seems you have a very good ability to turn any negative into a positive.  Having no active development, no lead developer, no community support, no active testing and patching = NOT GOOD.

I've only been around 5-6 months and I didn't know the details about Satoshi's disappearing.  All I read in numerous articles was that he was here one day and was gone the next.


But if his exist was organized then our little fake Japanese dev is not a Satoshi but more like a flake and genuine asshole.

Is that negative enough? lol.

[Vlad2Vlad]

Gotcha!

So much for anonymity.  So there's two brothers and not a single one has the balls to own up to the bounty they set up and promised.

Yeah, I'm trying to see the positive in that and I just can't see it.

D&T will be proud.  lol.


"IXCoin often shortened to IXC is a fork of the bitcoin code and a crypto currency in its own right. IXCoin was created by Thomas and Fred Twingham (user Nasakioto on bitcointalk.org)."


Twingham?  That there is either American or Brit.  So how did their real names get out?

[Vivisector999]

Vlad, being new you should know to research alot more before dumping thousands into something you have no idea about.  Who knows maybe it will turn around and you will get your money out.
 
Next time instead of believing coin markets are based on merged mining, or of a certain coin type  (SHA-256 vs Scrypt), look more into what merchants are using the coin, and where the demand is.  I know you believe LTC is a dead currency, because it isn't merge mined with BTC.  It does and will take a hit for the next few years whenever BTC goes up because a majority of the current miners are ex-BTC GPU miners that are only there to sell their coins off.  But there are alot of merchants starting to take LTC.  I can't say I ever saw a merchant taking IXC.  These are the things you need to bank on when picking your next coin to buy up.  Which coin you believe will begin to be taken by a number of merchants. 

I believe that possibly a bunch of IXCoin miners didn't really pay much attention to their IXCoin wallets, as they were the dust of their BTC minings.  Once the price of BTC went up, they were probably looking for some additional funds to buy more BTC, and noticed the pile of IXC they had accumulated, so they sold it off.  That's the problem with dead'ish coins like IXC.  It may seem like people are hoarding, when in reality with no place to spend the coins they just sit and accumulate.