Ixcoin TODO

[zebedee]

Interesting enough, the rate will drop at 210000.  That is 3890 blocks from now.   So by aroung 6/28 the blockrate will be cut in half to 48!

The hard limit of zero subsidy is at block 227499.  148 days from now.  Around 5 months from now.  10/30 is the approximate date.  

These numbers are taken from the source code:

Code:

  int64 nSubsidy = 96 * COIN; //ixcoin    
// Subsidy is cut in half every 4 years    
nSubsidy >>= (nHeight / 210000);	
//Hard limit to 21M Ixcoins	
if (nHeight >= 227499)		
                nSubsidy = 0;

zebedee is actually setting you up for a loss.  He likely read the code prior to the bet.

Thanks for showing that one person on this board actually knows what he's talking about, and it's not the one who claims to know all about IxCoin and how its going to the moon.

I dispute your claim that "I was setting this twat up" for a loss?   What you mean is he was setting himself up for getting an expensive lesson from someone with a clue.  A bet is the best bullshit antidote that exists, and you can see it worked.

I'll give one more clue - this coin is dead late in October when there is no more reward.  Meanwhile dump all your coins on Vlad whilst you still can.  You will thank me later.

[FrictionlessCoin]

Interesting enough, the rate will drop at 210000.  That is 3890 blocks from now.   So by aroung 6/28 the blockrate will be cut in half to 48!

The hard limit of zero subsidy is at block 227499.  148 days from now.  Around 5 months from now.  10/30 is the approximate date.  

These numbers are taken from the source code:

Code:

  int64 nSubsidy = 96 * COIN; //ixcoin    
// Subsidy is cut in half every 4 years    
nSubsidy >>= (nHeight / 210000);	
//Hard limit to 21M Ixcoins	
if (nHeight >= 227499)		
                nSubsidy = 0;

zebedee is actually setting you up for a loss.  He likely read the code prior to the bet.

Thanks for showing that one person on this board actually knows what he's talking about, and it's not the one who claims to know all about IxCoin and how its going to the moon.

I dispute your claim that "I was setting this twat up" for a loss?   What you mean is he was setting himself up for getting an expensive lesson from someone with a clue.  A bet is the best bullshit antidote that exists, and you can see it worked.

I'll give one more clue - this coin is dead late in October when there is no more reward.  Meanwhile dump all your coins on Vlad whilst you still can.  You will thank me later.

I think you discount the fact that GHash.IO (i.e. CEX.IO) supports IXC.

[FrictionlessCoin]

Listen to this podcast on SideChains:

http://letstalkbitcoin.com/e99-sidechain-innovation/

Start thinking how IXC gets involved in this technology.

[Vlad2Vlad]

Do you have any opinion about swisscex?

https://www.swisscex.com/voting


I ask because I start to be concerned about exchanges: ecoinfund.com, exchange where ixcoin was added just recently, seems vanished.
I wonder if anyone of this community has suffered any loss.
I wonder how many exchanges will disappear this year.

There's hundreds of exchanges, and many more will pop up.

In a few years there will be only a few dozen left and these will sell out to 3 or 4 major ones.  They'll get massive top dollar per trading account.  Big money for those who were loyal to their customers for just a few short years.

[Vlad2Vlad]

Zebedee,


I sincerely wanna thank you for your kind warning. I used to see philanthropists like you all the time warning people of impending doom regarding stocks which were set to explode.

I don't know what we'd do without such honest hard working people like you, going around all day long, warning people like us, for no fee.

And I never bother reading the entire code of any coin since I'm not a programmer.  I do a lot of research based on what other programmers find and based on existing information, which is usually factual.  Nowhere did it say that iXcoin was going to be halved...anywhere.

And it's irrelevant to any of my theories or claims about this coin, like I said, CEX.io is on our board and already agreed to keep mining iXcoin with ZERO subsidy after terminal mining. And if they change their minds we can always add a small 1-3% inflation.

Once again, thank you for warning us silly inexperienced investors.  Without you we wouldn't be up 800% right now (all those who bought when I recommended last year) while most other alt coins, including last year's "feature rich best-in-class" coins [haha] are hitting new all-time lows.


Yes, thanks to you I'm gonna dump all my iXcoins right now.  Bhahahhaaaa.

Thank you.....[AGAIN].

Regards,

Vlad - The Cryptian from Cryptlantis




P.S. - I know things about iXcoin which you wouldn't even dream of - but I don't pump a coin until I have hard proof in my hand.  Cause that's how I do.  And try not to be so angry that you missed the boat - you can still buy iXcoin, now you just gotta pay 10 times+ what I paid.  Haha!

[Vlad2Vlad]

Thanks Zebedee for supporting this community with your presence.

"There is only one thing in life worse than being talked about, and that is not being talked about."
Oscar Wilde

You can always sell your iXcoins. Someone will thank you.

My thoughts exactly.

I used to trade stocks full-time.

And after years of trading stocks you start seeing some trends.  One such trend were professional bashers (and pumpers) who would show up with multiple ID's and their goal was to disrupt productive conversation and to scare people out of their shares.  And they're incredibly effective, believe it or not.

It has been proven, via numerous lawsuits [like Patrick Byrne vs Gradient (hedge fund)] that hedge funds [and even bankers like Goldman] hire professional bashers and they also showed in their court documents, evidence that they had top grade [Tier 1] analysts and Journalists on the payroll, working with them to drive a stock's price into the ground and then to pump it up above fair market value.


Patrick Byrne Destroyed Gradient, and he's actually a guy I've exchanged numerous emails with some 10-12 years ago when I [unsuccessfully] attempted to get George Soros' BlueFly to sell out to Patrick's Overstock.  My [internal] emails drove Bluefly's stock up some 300%, in under 30 days, which really had me worried for a while.  Haha. For the record I have contacted Patrick Byrne regarding IxCoin (and I also gave him a heads up about Bitcoin last year too) but at this point he doesn't seem to think much about iXcoin.  But if iXcoin improves I have no issue talking to Mr. Byrne again, he's an incredibly open and communicative CEO [and coming from a family of Billionaires and friends with Warren Buffet doesn't hurt, either.  Lol].


So somebody wants iXcoin badly and I'm in their way so they dug really deep to find one small thing they can argue about.  Too bad it's an irrelevant, moot point.  They've tried to knock the price back in the dirt and haven't been able to cause I've worked too hard to inform people and to get guys like Jeffery from CEX.io on our board.

So either this guy wants coins for himself or he's a paid basher, and if it's the latter, we should see a team of them [which will eventually turn into paid Pumpers].

Or I'm totally wrong and he's just the kindest person on earth doing all this hard work just to help us out.  Hahahaa, but somehow his hateful temperament and bitterness makes his ill-intent all too evident.

Like I said, don't wait too long to buy, just pay the 1,000% "certainty tax" for being a clown and not listening to my advice last year.  Haha!

[Vlad2Vlad]

http://cebexpo.net

Someone is going to talk about iXcoin ....

I just looked at that website and I don't see iXcoin mentioned anywhere. 

What did I miss and who do you think is gonna talk about iXcoin.

I saw CEX.io is going to be there or maybe just a sponsor but if that's it, it's a stretch.

Thanks!

[cryptos]

Read through this entire thread finally, took a while, and bought 100 IXC.

Is anything going to actually happen with this coin or is it all smoke and mirrors?

Are there any real development plans?  Seems "frictionless" is lead developer but not doing anything.

[Vlad2Vlad]

Read through this entire thread finally, took a while, and bought 100 IXC.

Is anything going to actually happen with this coin or is it all smoke and mirrors?

Are there any real development plans?  Seems "frictionless" is lead developer but not doing anything.

Haha, you don't beat around the bush, do ya?

Friction should be about done with the latest counterparty update which should be a really big deal for IXC.

He originally said he'd have it done by the end of the month (may) but give or take a few days given he's a busy guy, and I think he'll have it done any day now.

Welcome, BTW.

Hopefully you can add more IXC on the dips.

Regards!

[Bluestreet]

Seriously someone needs to contact mintpal about the bot votes going on. IXcoin should of been on long ago. Look at Entropia coin, barely a 30 page ANN, less then $100 deposited. There is no ways that voting is because of a strong community.

I am 99% sure information and mycoin are doing the same.

[Ashley Makailah]

I would like to see iXcoin be in a great position when funds start flowing en mass into crypto-currencies.   

[Bluestreet]

Seriously someone needs to contact mintpal about the bot votes going on. IXcoin should of been on long ago. Look at Entropia coin, barely a 30 page ANN, less then $100 deposited. There is no ways that voting is because of a strong community.

I am 99% sure information and mycoin are doing the same.

Mintpal removed bot votes on iXcoin once. So they know about it. Very sad.

Maybe they given up caring now.

[FrictionlessCoin]

Read through this entire thread finally, took a while, and bought 100 IXC.

Is anything going to actually happen with this coin or is it all smoke and mirrors?

Are there any real development plans?  Seems "frictionless" is lead developer but not doing anything.

Haha, you don't beat around the bush, do ya?

Friction should be about done with the latest counterparty update which should be a really big deal for IXC.

He originally said he'd have it done by the end of the month (may) but give or take a few days given he's a busy guy, and I think he'll have it done any day now.

Welcome, BTW.

Hopefully you can add more IXC on the dips.

Regards!

I am a bit delayed.  Expect at least 2 more weeks.

The iXcoin client will need an upgrade to support the OP_RETURN opcode.

[zebedee]

Read through this entire thread finally, took a while, and bought 100 IXC.

Is anything going to actually happen with this coin or is it all smoke and mirrors?

Are there any real development plans?  Seems "frictionless" is lead developer but not doing anything.

Haha, you read it right.  It's dead apart from a few pumpers, one or more of which are most likely Oldminer (who started this, a.k.a. Thomas Nasakioto) looking to dump his pre-mined coins.  Mining and the coin will die when the reward(bribe?) prematurely drops to zero in October.

But make up your own mind!  All the information is public.  Including that it will happen in October, not August, as Vlad didn't believe until I challenged him to put money on it, when he suddenly wasn't so sure any more.

Some (like Vlad I guess) claim that lack of issuance will lead to a squeeze and rise in price.  Which may actually happen for a few days.  But what is there to keep this going?  Chew on it a bit; I don't think there's much here apart from selling what you own if you happen to have some (I don't have anything, but I've been amused at how this has turned out for the last near-3 years).

[FrictionlessCoin]

Read through this entire thread finally, took a while, and bought 100 IXC.

Is anything going to actually happen with this coin or is it all smoke and mirrors?

Are there any real development plans?  Seems "frictionless" is lead developer but not doing anything.

Haha, you read it right.  It's dead apart from a few pumpers, one or more of which are most likely Oldminer (who started this, a.k.a. Thomas Nasakioto) looking to dump his pre-mined coins.  Mining and the coin will die when the reward(bribe?) prematurely drops to zero in October.

But make up your own mind!  All the information is public.  Including that it will happen in October, not August, as Vlad didn't believe until I challenged him to put money on it, when he suddenly wasn't so sure any more.

Some (like Vlad I guess) claim that lack of issuance will lead to a squeeze and rise in price.  Which may actually happen for a few days.  But what is there to keep this going?  Chew on it a bit; I don't think there's much here apart from selling what you own if you happen to have some (I don't have anything, but I've been amused at how this has turned out for the last near-3 years).

In the last 3 years, it has actually turned out pretty well! 

[FrictionlessCoin]

Hey Friction,

Do you need any help with updates? Maybe someone from the community can lend a hand?

Let us know if you need anything?

@ Zed,

Are you a bitcoin user? Do you think it is a good idea to have a nearly exact copy of bitcoin that will reach maturity before bitcoin? Is there anything useful that Ixcoin can provide to the bitcoin world? How do you compare the high hash rate of Ix to other altcoins?

Can you please provide an example of a coin that has died and explain similarities to Ix.

Can you please explain how iXcoin can die with a commitment from cex.io to continue after the having event?

and its ok if its easier for you to refer to Ix as shitcoin, (Though not to be confused with the actual shitcoin) we are all adults here and appreciate your view point.

I will need help testing.

Let me first release a new version of IXCoin with just the OP_RETURN changes.   Then we can test this version against the modified counterparty client.

Regarding the end of subsidy...  

(1) If CEX.IO (i.e. GHASH.IO) supports IXCoin with zero subsidy....   then that's great.

I have always said a 1% inflation rate would be fine.   However, important to note that there are coins out there like Ripple, Nxt, MasterCoin and Counterparty that have zero subsidy for miners.  Actually, they don't require miners.  They haven't exactly died off.    

Anyway, it all boils down to whether the pool supports zero subsidy or not.  

This issue of course is the most pressing issue for IXC and I would like the IXC foundation to cast a vote on this.

[cryptos]

(1) If CEX.IO (i.e. GHASH.IO) supports IXCoin with zero subsidy....   then that's great.

I have always said a 1% inflation rate would be fine.  

Well i'm new but totally agree with inflation.  Be even more like bitcoin.

[kraizi]

I will need help testing.

Let me first release a new version of IXCoin with just the OP_RETURN changes.   Then we can test this version against the modified counterparty client.

I assume the update will be based on version 0.8.6, not 0.9.0, which is ok.

What about native IXC escrow?  I still think that would be best for the reasons already stated, even if it takes more time.  Maybe we should vote on IXC escrow.

[Vlad2Vlad]

(1) If CEX.IO (i.e. GHASH.IO) supports IXCoin with zero subsidy....   then that's great.

I have always said a 1% inflation rate would be fine.  

Well i'm new but totally agree with inflation.  Be even more like bitcoin.

Bitcoin has ZERO inflation.  It's actually deflationary.

So iXcoin is already EXACTLY like Bitcoin.

No inflation unless it's absolutely necessary, let's keep it exactly like Bitcoin since that's the standard.

That's my vote.

[cryptos]

Bitcoin is inflationary right now and in fact it will never stop inflating...This experiment to stop inflating in a few months is a disaster.  

Besides, if you believe this:
Milton Friedman predicted crypto currency in 1999 the NSA had a design built in 1996 and the rest is history.
http://kolinevans.wordpress.com/2014/03/02/milton-friedman-predicted-crypto-currency-in-1999-the-nsa-had-a-design-built-in-1996-and-the-rest-is-history/

Then read this:
Friedman's k-percent rule
http://en.wikipedia.org/wiki/Friedman%27s_k-percent_rule
"Friedman's k-percent rule is the monetarist proposal that the money supply should be increased by the central bank by a constant percentage rate every year, irrespective of business cycles."

If you don't want to take my input, maybe listen to Friedman...

So frictionless minimal proposal of 1% fits Milton Friedman.  

You just want to retain and exploit your 3% stake, that's crazy for adoption and miners have no incentive with no transactions so no fees.  Defies logic.

You argue IXC will have greater liquidity by being mined out, then argue against increasing liquidity.  All for selfish reasons.