Ixcoin TODO

[iGotSpots]

This is a sad, sad threads that needs to die

[Vlad2Vlad]

This is a sad, sad threads that needs to die

Maybe we'll get lucky and the dev will come back and kill this poor, dying animal.


(We all know there's not gonna happen)

[markm]

There is no hurry. There are seven coins merged mined alongside bitcoin and gradually over time they all are going to get their code updated like happened first to I0Coin.

The longer that takes for any particular coin the longer people have to pick it up at low difficulty due to most pools not bothering to include it in their merge or to buy it cheap either on an exchange or, for those that aren't even on an exchange yet, from someone who is pessimistic and wants to dump.

The longer a particular coin stays low difficulty / low price the more time there is for people capable of doing the code updates to pick themselves up enough of a hoard of a particular coin to make it seem to them to be worthwhile to get around to doing the update.

It thus might even make more sense to update GeistGeld and CoiLedCoin long before getting around to IXCoin simply because they are much lower difficulty so one can pick up a lot more of them a lot faster whereas IXCoin it takes a long long time to accumulate them as part of one's merge when mining.

-MarkM-

[DeathAndTaxes]

Maybe we'll get lucky and the dev will come back and kill this poor, dying animal.
(We all know there's not gonna happen)

Once again failing to understand the concept of open source.  What magical powers would the creator use to kill a cryptocurrency?  Is he going to hack into your computer and steal your copy of the blockchain and client?
Nobody would be interested in cryptocurrencies if Satoshi for example could just show up and flip the off switch on Bitcoin.  The point of a cryptocurrency is to allow payments between two parties without the need for the third party (central authority).

Crypto currencies will live on as long as someone is mining and doing enough development to fix fatal bugs (or as long as people keep buying them on dubious hope that the banks will swoop in and make them overnight millionaires with no work or effort on their part).

[Vlad2Vlad]

There is no hurry. There are seven coins merged mined alongside bitcoin and gradually over time they all are going to get their code updated like happened first to I0Coin.

The longer that takes for any particular coin the longer people have to pick it up at low difficulty due to most pools not bothering to include it in their merge or to buy it cheap either on an exchange or, for those that aren't even on an exchange yet, from someone who is pessimistic and wants to dump.

The longer a particular coin stays low difficulty / low price the more time there is for people capable of doing the code updates to pick themselves up enough of a hoard of a particular coin to make it seem to them to be worthwhile to get around to doing the update.

It thus might even make more sense to update GeistGeld and CoiLedCoin long before getting around to IXCoin simply because they are much lower difficulty so one can pick up a lot more of them a lot faster whereas IXCoin it takes a long long time to accumulate them as part of one's merge when mining.

-MarkM-

Wow, 7 merge mined coins now.

This is what I said about 2 months ago.  Scrypts are DOA.

As Bitcoin goes higher any new entrants will more likely buy ASICS for mining as they can get a surging Bitcoin and also other alt coins for free.  Imagine merge mining a dozen alt coins PLUS Bitcoin.

Unless you're already stuck with a bunch of GPU's then why would anyone opt to min one single [and dying] scrypt coin which heads lower and lower as Bitcoin goes higher.

The future is sha and merge mining - unless scrypt can get ASICS in the next 12 months, which I don't see happening.

[Vivisector999]

Vlad, you might want to re-check what LTC is doing price wise.  Even though BTC is rising very quickly, LTC has been rising at an even quicker pace percentage wise.  Scrypt isn't dead yet.

[Vlad2Vlad]

Vlad, you might want to re-check what LTC is doing price wise.  Even though BTC is rising very quickly, LTC has been rising at an even quicker pace percentage wise.  Scrypt isn't dead yet.

I've seen that about LTC.

It's hard to say right now given it was down 65% in just 3 weeks.  Some coins go up during a Bitcoin spike on pumping, hype, new services, or in Litecoin's case, it could be a dead cat bounce or speculators thinking Litecoin is now dirt cheap.  Once Bitcoin hits $300 we'll see how Litecoin reacts. 

I think it will head back down under .010000.  We will see, but for me merge mined coins are a lesser risk than scrypt.

[Vlad2Vlad]

I'm so angry right now.  

And I urgently need help with a crashed hard drive and elevated human stupidity, greed and fear.

So my [$900 Vaio] laptop was busted cause I was kind enough to let my brother borrow it and he watched porn and destroyed it so I have no way of storing my coins which is why I store them on a stick in a safety deposit box.

But I thought what if I need to get to my coins in a hurry, why not mitigate that risk - so just last week I put 75,000 ixCoins on my friend's laptop where he also had 51,000 ixCoins as well [on his shitbag no encryption obsolete ixCoin Client).  

Thank you, dear Thomas the Fucko Nasakioto.  I think I'm starting to see the rationale behind holding back on such a simple wallet update.  

Well, what do you think he just told me a couple hours ago?

That's right, his fucking hard drive crashed on his shitty $1,000 HP laptop.

And get this.  He took it in this morning to some Shit-Shop to repair it.

Are you fucking kidding me?  The wallet is NOT FUCKING encrypted.

I told him to go there in the AM the second they open and get that fucking laptop back and sit on the hard drive until we figure out a way to fix it.

Man, he actually wanted to mail the drive in to get it looked at.  Like who's gonna see those coins and just give them back when they can just tell you some data was lost.  

I'm stunned by the lack of any logic here.  What the fuck???!!!!

Oh fuck, I'm so pissed.  Those [75K IXC] coins cost me nearly 10 Bitcoins of hard earned money.  

Does anyone have any idea how difficult it is to get coins off a drive after it crashes like this?  He said it's been happening for a while (and he thought it was a good fucking idea to put our coins on there) but this time he says it won't boot at all, it (the HDD) starts to spin and then dies and never even gets to the bios.

And to make things worse, I gave him a USB stick last week when he was here and he backed up the wallet and when I walked away he deleted the backup [off the USB] cause he didn't want me to have a copy.

Hahahaahahahaa.  

I told him tonight:  I've known you for 20 years, I trusted you, I put 75,000 of my coins on your computer and I have plenty more in the bank vault and you deleted the backup cause you feared that I'd steal your shit fucking 51K coins?

I can just see this being one of those asshole stories where some idiot deleted a bunch of Bitcoins before they shot up, millions worth.  The kind of stupidity that you tell your grandkids and your wife never forgives you for.

I'm fucking speechless!

[Vlad2Vlad]

Who is accumulating ixCoin?

I have never seen so many large block buy orders, and they're executing at very low prices cause the sell-side is being manipulated continuously.  So whoever it is, they're gonna buy all they want at this ridiculous low price.  And I'm too broke to take advantage of it.

And it's funny how they started [buying] right after the price was engineered and manipulated to an all-time low via consistent 3,000 sell blocks.  What a coincidence!

This is the exact kind of manipulation you see in stocks.  But I can't tell if it's a guy like me a or real buyer like a bank.

One thing is for sure, it's a real trader, a pro.  And another thing, they just now started or maybe they just now accelerated their buying cause I have seen nothing like this in the 6 months I was accumulating.

So could it be that I was so far ahead of the curve that I was buying months before the smart money? That would be a first and it would be ironic cause I was buying cause I was certain they were "in on it".  lol.

But then again, maybe I'm crazy and delusional like D&T says.  And losing 75,000 ixCoin isn't making me feel any better.   

[Vivisector999]

It could be your follower IXC2XIC who has stated he is going deep into your idea that IxCoin is going to be the next BTC.

Why would you have just 1 copy of your wallet?  And why would you think putting the wallet on a friends laptop would give you quicker access than putting it on 1 or multiple USB keys, you could pop it into any computer on earth and have access to your wallet.

For right now, I can't diagnose the problem, since I can't see the computer.  You state that the computer won't even go the BIOS.  This would make it look like a Systemboard in my quick diagnosis, which would be your best case scenerio.  You can pop the HDD out of a laptop usually really easily.  Then you can connect it to a different computer and taadaa you have your files.  If it's the HDD itself, which could possibly be the case if it just doesn't boot. Then you are possibly screwed.  Expecially if you hear the death beat  (spinning up and down and can hear the heads chattering, or worse flying around inside.).  If this is the case, you can send the HDD away to a company that can remove data off damaged drives, but the price for the service is usually in the $5000 - $10,000 range, so it probabaly wouldn't be worth it.

And since your only dealing with approx $6000 worth of coins, I would say take it to someplace like Best Buy.  Sure they aren't the best place in the world, and there are many mom and pop shops where the techs are more knowledgable.  But what they do have is a multi-billion dollar business, and if one of their employees was to steal your wallet, they should take care of it.  

[Vlad2Vlad]

It could be your follower IXC2XIC who has stated he is going deep into your idea that IxCoin is going to be the next BTC.

Why would you have just 1 copy of your wallet?  And why would you think putting the wallet on a friends laptop would give you quicker access than putting it on 1 or multiple USB keys, you could pop it into any computer on earth and have access to your wallet.

For right now, I can't diagnose the problem, since I can't see the computer.  You state that the computer won't even go the BIOS.  This would make it look like a Systemboard in my quick diagnosis, which would be your best case scenerio.  You can pop the HDD out of a laptop usually really easily.  Then you can connect it to a different computer and taadaa you have your files.  If it's the HDD itself, which could possibly be the case if it just doesn't boot. Then you are possibly screwed.  Expecially if you hear the death beat  (spinning up and down and can hear the heads chattering, or worse flying around inside.).  If this is the case, you can send the HDD away to a company that can remove data off damaged drives, but the price for the service is usually in the $5000 - $10,000 range, so it probabaly wouldn't be worth it.

And since your only dealing with approx $6000 worth of coins, I would say take it to someplace like Best Buy.  Sure they aren't the best place in the world, and there are many mom and pop shops where the techs are more knowledgable.  But what they do have is a multi-billion dollar business, and if one of their employees was to steal your wallet, they should take care of it.  

No, it's not IXC2XIC.

I know for a fact.

Cause I am IXC2XIC.

Lol.  I left plenty of hints. I couldn't resist not taking that chat ID in case IXC really does get relabeled to XIC.

So this dark buyer came out of nowhere and he's buying a lot and he's not driving the price up at all.  Very interesting to watch.  He'll buy a few large blocks and then the price gets taken back down and the process starts all over again.

In seeing him do it I feel kinda stupid cause I could have done the same thing and bought 4 times as many ixCoins for the same 65 Bitcoins.  I've watched this manipulation take place in stocks for many years and when it came time for me to do it, it didn't even cross my mind.

That's the awesome thing about these alt coins.  You can really manipulate the prices with just a few thousand dollars and accumulate a lot of coins.  Eventually there has to be a catalyst to the upside but accumulating is easy if you know what you're doing and this guy is really a pro.

I'm convinced this is a real professional Wall Street trader.  He should be done accumulating in a few weeks so maybe we'll get some big news then.

[Vlad2Vlad]

It could be your follower IXC2XIC who has stated he is going deep into your idea that IxCoin is going to be the next BTC.

Why would you have just 1 copy of your wallet?  And why would you think putting the wallet on a friends laptop would give you quicker access than putting it on 1 or multiple USB keys, you could pop it into any computer on earth and have access to your wallet.

For right now, I can't diagnose the problem, since I can't see the computer.  You state that the computer won't even go the BIOS.  This would make it look like a Systemboard in my quick diagnosis, which would be your best case scenerio.  You can pop the HDD out of a laptop usually really easily.  Then you can connect it to a different computer and taadaa you have your files.  If it's the HDD itself, which could possibly be the case if it just doesn't boot. Then you are possibly screwed.  Expecially if you hear the death beat  (spinning up and down and can hear the heads chattering, or worse flying around inside.).  If this is the case, you can send the HDD away to a company that can remove data off damaged drives, but the price for the service is usually in the $5000 - $10,000 range, so it probabaly wouldn't be worth it.

And since your only dealing with approx $6000 worth of coins, I would say take it to someplace like Best Buy.  Sure they aren't the best place in the world, and there are many mom and pop shops where the techs are more knowledgable.  But what they do have is a multi-billion dollar business, and if one of their employees was to steal your wallet, they should take care of it.  

Thanks for your advice.

I'll try unplugging the drive first.

It's not $6,000 as I only put 75,000 ixCoins and then he had all of his 51,000 ixCoins too.

I have my coins on a USB but they're in a safety deposit box and I wanted to have quick access to a portion of them in case something happened and I needed to sell right away.  Like another April event where Namecoin went up 100,000% very quickly.  

So I didn't lose all my coins but that is a good chunk and I did pay almost 10 Bitcoins for that 75,000 ixCoins.  Hopefully we'll get them back but I have a feeling they're gone.

[DeathAndTaxes]

Just use your backup wallet file.  I mean cryptocurrencies are the first money that can be backed up.  You could make a hundred copies if you were that paranoid.  
You made a backup right?

You have a backup of the wallet on the USB stick in the bank right?  Flash memory can fail.

[markm]

Not being able to boot, even if it is hard drive's fault, often does not make drive un-readable, for example often it is just the boot sector is trashed, all the data might be fine.

I have a bunch of ancient hard drives whose boot sectors don't work so they cannot be made bootable, yet the data, or at least most of it, is still there.

-MarkM-

[Vlad2Vlad]

Just use your backup wallet file.  I mean cryptocurrencies are the first money that can be backed up.  You could make a hundred copies if you were that paranoid.  
You made a backup right?

You have a backup of the wallet on the USB stick in the bank right?  Flash memory can fail.

No, this wallet was my friends personal wallet on his laptop.  So my backup was the fact that it was in a completely different wallet than mine.

And like I said, I handed him a USB right after I transferred 75,000 into his wallet and I watched him make a backup to the USB and when I walked away he deleted it and said something about not trusting me.

At least he now admits he was very foolish and stupid for doing something like that but it doesn't help me any.

So no, there is no backup of this particular wallet with 126,000 ixCoins on it. 

[Vlad2Vlad]

Not being able to boot, even if it is hard drive's fault, often does not make drive un-readable, for example often it is just the boot sector is trashed, all the data might be fine.

I have a bunch of ancient hard drives whose boot sectors don't work so they cannot be made bootable, yet the data, or at least most of it, is still there.

-MarkM-

So what's the easiest way to get the data off in such a case?

He's gonna meet a friend of mine later this week to see what's going on. At least he got the laptop back from the computer shop and those guys said they didn't even have a chance to look at it.

The friend he's meeting with is a forensic computer scientist so I'm guessing he's got the necessary skills to give this a best effort attempt.  For some reason I have a bad feeling these coins are all gone. 

And the 51,000 ixCoins (his share of the 126,000) were every single ixCoin he had.   Thank God I didn't transfer more than 75K cause I almost did just to diversify the risk since he's never online with his laptop.

[Vlad2Vlad]

Vlad, you might want to re-check what LTC is doing price wise.  Even though BTC is rising very quickly, LTC has been rising at an even quicker pace percentage wise.  Scrypt isn't dead yet.

A 5 days event does not a trend make.

For LTC or any other coin you have to look at the trend, in relation to Bitcoin, over long periods of time.

And when you do that you can clearly see that Bitcoin is killing Litecoin and Scrypt coins and that ixCoin does a good job at tracking Bitcoin.

Sorry, but the last 5 days uptrend for Litecoin doesn't invalidate the last 6 months.  LTC is seeing a fluke which will not last as Bitcoin goes higher.

[Vlad2Vlad]

Difficulty above 160 millions.
Anyway, the value of an ixc is still around 2 usd cents.

In USD it's closer to .5 USD.

But if you do the math in Bitcoins it's close to 2 cents so it is holding its value against Bitcoin fairly well after the big drop 2 weeks ago.

If it goes back to 10000 it will be once again ahead of Bitcoin.  Of course there's little volume so selling any coins would be a problem.

[markm]

So how does that work? Can you buy it at half a cent in USD then buy almost two cents worth of bitcoin with it?

-MarkM-

[Vlad2Vlad]

So how does that work? Can you buy it at half a cent in USD then buy almost two cents worth of bitcoin with it?

-MarkM-

No, there's nearly zero volume for USD.  When I was buying with dollars I had to buy Bitcoins first.

So maybe that's why there's such a discrepancy, because there's little to no volume.