Ixcoin TODO

[Dexter44]

So far we have:

1. wikipedia: the head of the project is iampingu.

2. Press release attempt n.1: the head of the task is nfigueir

3. Selling on eBay UK from 10th february: nfigueir, mobile - still 2 missing
http://www.coindesk.com/ebay-uk-virtual-currency-february/

Please, other 2 volunteers needed.

PS If you wanna sell IXC now, the only way is to sell e.g. 1 cent fiat coin and give for free a certain amount of IXC. If you and the receiver use CEX.io the fee is zero.
Check action 14 https://bitcointalk.org/index.php?topic=405116.new#new

[Vlad2Vlad]

Thanks for your input, Mobile.

Hopefully I can sell just one of these domains to get some working capital and then I'll forget about them until Bitcoin really takes off.

[Vlad2Vlad]

Friction or Mark,

If a coin is riding on top of iXcoin using native colored coins then how does that when with miners?

As a miner I'm mining iXcoin and it has a coin riding it how does that work? And does that other coin also require mining or is that not even possible?

Thanks.

[markm]

Miners need not even know. They can just go on mining as they normally do.

The only difference to them is there should be more transactions happening thus more fees.

They would need a coloured coin client to be able to track which transactions involved colours and which colours they involved.

That is why i do not understand what "native" coloured coins is even supposed to mean.

Colouring is a whole distinct thing the blockchains need not know about.

The coloured coin clients though need to be able to track the entire blockchain I think. No "thin clients" unless they are prepared to (blindly?) trust some real client somewhere to say what is what.

Haven't you read any of the coloured coin people's sites and threads and such?

-MarkM-

[Vlad2Vlad]

I'm no techie mark and it seems even real coders know little about colored coins.

Maybe Friction can add some color as to what is Native.

So the more coins ride on top of iXcoin the more fees iXcoin holders get?

Wow, that's a huge benefit and that solves the problem right there with no more coins being mined in 2015.

Friction seems to think this will work with no problems but it seems you're not so sure.

So how can Friction be so sure given you're very experienced.  

And why hasn't anyone else done this - why isn't bit coin doing it chase it's a brilliant idea.  I haven't even heard of any other coin doing what iXcoin is attempting.

So why not? I hope this isn't just some elaborate hype/scam.

[markm]

I didn't say I saw any problems, I just don't see what native is meant to be nor what it will buy us.

Plain old coloured coins run on any blockchain, with no modifications to the blockchain, the normal clients, miners, and so on.

No problems there, for people willing to run full nodes, that is, to have the entire blockchain themselves.

If going native will somehow let people do it without needing the whole blockchain but without having to trsut some third party's server then hey maybe that might be what going native is intended to buy us.

Or maybe native is just marketing-speak propaganda that really just means we'll be using coloured coin clients as our notmal default clients so that it will seem as if colour is native to the coin simply because we never use the coin with a client that doesn't know about colour.

Right now coloured coin clients seem to be based on Armoury. Maybe the intent is to build a QT based coloured coin client so the client can look like normal QT based coin-clients yet, unlike other coins that haven't copied the code yet into their QT clients, it has colour "built in". (To the client. Not the coin/blockchain.)

So maybe the first question is, is native to mean native to the reference client / default client / recommended client / standard daemon / main daemon used by pools nodes whatever, or is it to mean hacking at the actual coin/blockchain (and if so, are we talkign about a "forking change" and if so is it a "hard fork"?)

If it is a hard fork it is in a way not IXCoin at all, it is a change-over from IXCoin to some new similar coin that has colour somehow in the protocol or blockchain directly and has everyone's coins still at the same addresses they were at in the IXCoin that existed prior to the block number at which the hard fork goes into effect.

(Bitcoin tends to allow two years for a hard fork to go into effect. Not sure how fast would be too fast for IXCoin if for some reason a hard fork of IXCoin was desperately required. Maybe the block at which block rewards stop would be a logical block at which to have any hard fork go into effect if one is for some reason urgently needed?)

-MarkM-

[FrictionlessCoin]

]If going native will somehow let people do it without needing the whole blockchain but without having to trsut some third party's server then hey maybe that might be what going native is intended to buy us.

...

If it is a hard fork it is in a way not IXCoin at all, it is a change-over from IXCoin to some new similar coin that has colour somehow in the protocol or blockchain directly and has everyone's coins still at the same addresses they were at in the IXCoin that existed prior to the block number at which the hard fork goes into effect.


-MarkM-

This is exactly what native provides.

The normal colored coin implementation is required to traverse the current transaction back to the genesis transaction to verify the validity of a transaction.

In the usual SPV thin client implementation,  validation requires only that the previous transaction is in the block chain.

Why does this work?  Because the clients and miners ensure that it will not validate a transaction where the inputs don't balance with the outputs.

With a native colored coin implementations,  the clients and miners validate a transaction where the colored inputs must balance with the colored outputs.  There exists no valid transaction where a colored input does not match a colored output (unless the output has no color.... this allows the destruction of the colored coin, but preservation of the IXC).

So it definitely is not marketing speak. It is a reality that Bitcoin because of its legacy is unable to make the necessary changes, while iXcoin can do so because it is much smaller.   So if we time these changes correctly, the can go in with the 0.8.7 changes.

It will be a hard fork that will only affect transactions of a different version.  So all IXC transaction will work like they work today.  But a colored IXC transaction will work slightly differently.

Hope this answers your questions.

[markm]

I was wrong about needing the whole chain: https://bitcointalk.org/index.php?topic=106373.msg4585334#msg4585334

You are right that they need to traverse from genesis of the colour though.

Miners can only verify colours they know about.

I suspect that coloured coins are only practical at all thanks to no one having to know about / track any colours other than the few or many or millions that they are interested in.

How much extra information and processing does each colour involve?

How much more effective would spamming colours be than spamming ordinary transactions?

From that, how much fee will creating a colour need to have to adequately pay for all the excess storage and lookups?

Do miners need to go find the contract of each colour or its kernel definition or whatever?

Do they only do that once then store it forever, or do they need to periodically check that it has not been superceded or altered etc?

A "catalogue of many or most of the colours ever used" site/server might be a massive service all on its own, it is reasonable to expect all miners to in effect subsume all the info from all such sites about al colours in order to mine?

Does such info maybe even get put into the blockchain to eliminate the need to go look at third party URLs to find the kernel for the colour?

What happens if someone gets a miner to record information about a colour into the blockchain then changes the data at the URL after the blockchain already processed the colour in accordance with the colour-kernel the prior state of the URL had claimed that colour uses?

What do the current coloured coin developers say about these kinds of questions?

It seems to me one could easily break a nicely working high security blockchain by trying to jam coloured coin client stuff into its mining algorithms.

Normally coloured coin clients in effect do their own "mining" in the sense of verifying transactions.

Also, what do you even mean by invalid coloured coin transactions? Aren't all possibilities accounted for, typically by resolving to erasure/loss of colour? So that maybe what you are thinking is an invalid colour-transaction is actually a perfectly valid uncolouring?

-MarkM-

[FrictionlessCoin]

Also, what do you even mean by invalid coloured coin transactions? Aren't all possibilities accounted for, typically by resolving to erasure/loss of colour? So that maybe what you are thinking is an invalid colour-transaction is actually a perfectly valid uncolouring?

-MarkM-

Invalid color transaction -  a colored coin can't change its colors!

It is that simple.  This is the only validation you need to make aside from the checking of balances.

[pinarello]

Also, what do you even mean by invalid coloured coin transactions? Aren't all possibilities accounted for, typically by resolving to erasure/loss of colour? So that maybe what you are thinking is an invalid colour-transaction is actually a perfectly valid uncolouring?

-MarkM-

Invalid color transaction -  a colored coin can't change its colors!

It is that simple.  This is the only validation you need to make aside from the checking of balances.

https://github.com/slothbag/nxt-decompiled/blob/master/Nxt.java

[pinarello]

]If going native will somehow let people do it without needing the whole blockchain but without having to trsut some third party's server then hey maybe that might be what going native is intended to buy us.

...

If it is a hard fork it is in a way not IXCoin at all, it is a change-over from IXCoin to some new similar coin that has colour somehow in the protocol or blockchain directly and has everyone's coins still at the same addresses they were at in the IXCoin that existed prior to the block number at which the hard fork goes into effect.


-MarkM-

This is exactly what native provides.

The normal colored coin implementation is required to traverse the current transaction back to the genesis transaction to verify the validity of a transaction.

In the usual SPV thin client implementation,  validation requires only that the previous transaction is in the block chain.

Why does this work?  Because the clients and miners ensure that it will not validate a transaction where the inputs don't balance with the outputs.

With a native colored coin implementations,  the clients and miners validate a transaction where the colored inputs must balance with the colored outputs.  There exists no valid transaction where a colored input does not match a colored output (unless the output has no color.... this allows the destruction of the colored coin, but preservation of the IXC).

So it definitely is not marketing speak. It is a reality that Bitcoin because of its legacy is unable to make the necessary changes, while iXcoin can do so because it is much smaller.   So if we time these changes correctly, the can go in with the 0.8.7 changes.

It will be a hard fork that will only affect transactions of a different version.  So all IXC transaction will work like they work today.  But a colored IXC transaction will work slightly differently.

Hope this answers your questions.

https://github.com/slothbag/nxt-decompiled/blob/master/Nxt.java

[nfigueir]

Hi guys,

Lets make IXC a bit more popular by adding it to a new exchange site.

https://www.coinmarket.io/

https://bitcointalk.org/index.php?topic=422153.new

[Dexter44]

Hi guys,

Lets make IXC a bit more popular by adding it to a new exchange site.

https://www.coinmarket.io/

https://bitcointalk.org/index.php?topic=422153.new

Frictionlesscoin, what do you think?
To me, it looks like a maxi gathering of scummy coins.

[FrictionlessCoin]

Hi guys,

Lets make IXC a bit more popular by adding it to a new exchange site.

https://www.coinmarket.io/

https://bitcointalk.org/index.php?topic=422153.new

Frictionlesscoin, what do you think?
To me, it looks like a maxi gathering of scummy coins.

Is a one coin exchange?

We already have trouble with liquidity with 2 exchanges.  The only exchange we should be interested in is international exchanges.

[Dexter44]

Today i have submitted an article about ixcoin here:

http://beforeitsnews.com

After registration, you can complete your profile and then, as a new user your article will have to pass their approval.
What do you think about a bounty for every article published on a online newspaper?

[FrictionlessCoin]

Today i have submitted an article about ixcoin here:

http://beforeitsnews.com

After registration, you can complete your profile and then, as a new user your article will have to pass their approval.
What do you think about a bounty for every article published on a online newspaper?

That's a good idea.  We don't have a lot of bounty, however,  let's go with 100 IXC for a legit online newspaper. 

[Vlad2Vlad]

Guys, someone suggested that we should try to get listed on CryptoStocks.com.

It would be a great idea but can we do it without cash flows and without paying dividends?

Any ideas or suggestions?

[nfigueir]

Guys, someone suggested that we should try to get listed on CryptoStocks.com.

It would be a great idea but can we do it without cash flows and without paying dividends?

Any ideas or suggestions?

I guess that is like Kickstarter. And in that case what do you want to "sell" or what is the service? IXCoins?

[Vlad2Vlad]

Guys, someone suggested that we should try to get listed on CryptoStocks.com.

It would be a great idea but can we do it without cash flows and without paying dividends?

Any ideas or suggestions?

I guess that is like Kickstarter. And in that case what do you want to "sell" or what is the service? IXCoins?

That's the problem, without cash-flows I don't see how we could do it but it would be good exposure.

[nfigueir]

At most I would imagine that if there was a service for creating Colored Coins and people which invested could get a percentage of the profits for creating such coins, that might work.