Ixcoin TODO

[SuperZeus]

i think its cool they mentioned his IXC activity.

can somone tell me where i can look up the ixcoin Net Hasrate?



thanks

Vircurex https://vircurex.com/welcome/index?alt=btc&base=ixc&locale=en has a little chart where you can compare iX with the other big three, Bit, Dev, and Name.

I haven't been keeping records but I think iX has been gaining on the others in the past month. iX used to always be the lowest.

Lowest compared to which coin?  IXC, dev and Namecoin are the most secure coins on earth right now.

IXC and dev have been nose to nose for months and Namecoin beats them by a small margin.  But let's face it, 50 PETA Hashes or Bitcoin's 100 PETA makes little to no difference, iXcoin is ready for mass distribution and mass adoption right now.

This is something very very few coins on earth can offer.

iX used to be lowest of the 4 big hash coins, it used to be behind Dev most of the time.  In the past few weeks it's been consistently number 3, and has spiked to number 2, ahead of Namecoin, sometimes.  According to Vircurex at least.

Of the merged-mined coins there's also a 5th one, i0coin, i0 is usually 20-25% of iXcoins hash.

My point was that iXcoin's share seems to be rising in comparison to the others, though these numbers bounce around a lot, even Bitcoin's.

[Vlad2Vlad]

Zeus,

I see your point and I noticed the same thing. I didn't think much of it until now.

These merged coins should remain About the same relative to each other so it is interesting that iXcoin [out of all the merged coins] is accelerating in the hash race.  

So the question then is:  Why and who would specifically merge-mine iXcoin and not the other more profitable and easily more popular coins, such as Namecoin?

[kraizi]

I however need to make a point here.  It is worthless if we don't make it easy for users to find and purchase these assets.

So if you can't find the assets, then it doesn't matter if you are selling them.

If you can't find what you can bet on, it doesn't matter if there is a betting system.

So in terms of whether it will improve IXC value, it all depends on making it accessible for the average user.

Yes, exactly. And now think about average-Joe who wants to make some bets. First he buys IXC. So far so good. Then he starts looking betting markets. He finds three games with nice odds. Game A is definied in terms of user-definied-currency-A (UDCA). So he tries to buy UDCA with decent price. Game B is definied in UDCB, So he buys some UDCB. Game C is definied in UDCC, ... you get the picture. So maybe it might be better just to have metacoin he could buy with IXC and make his bets in all games?

jamaer has a point.  Why have many disjointed assets doing the job of the original metacoin?  We would be forcing the user community to recreate functions already available in the stock CP.  Why disable betting using the original metacoin, then expect or hope someone will add an asset to fill the void.  

I do like ALSO allowing user defined assets/currencies for betting.  Is this not allowed in the original CP?

It's inevitable that new assets will crop up to duplicate the functionality of the metacoin, but it may be best to leave the metacoin in to get users off to a quick start.

My original concern about the metacoin devaluing IXC is lessening.  CP doesn't work without assets, which can act just like the metacoin.  So why not just leave the metacoin in place to provide full functionality of CP?  Aren't we just delaying the inevitable?

Friction, any comment on this?  I'm leaning toward using the metacoin to ensure liquidity.

[Vlad2Vlad]

expresscoin sees its introduction into the market as just the start of what will become a more diverse array of offered services.

The co-founders indicated that they have been working closely with major bitcoin ATM manufacturers, as these companies have been among the more active at positioning their offering to underbanked consumers. Further, they view this market more as collaborators to whom they can provide liquidity rather than competitors.

Expresscoin now operates at least one notable bitcoin ATM, the Robocoin unit that became the first in-casino offering in The D Las Vegas Casino Hotel.

http://www.coindesk.com/expresscoin-launches-become-coinbase-unbanked/



Which currencies would you like us to support?*

https://www.formstack.com/forms/?1719117-0lbiRIgZWM


Vlad maybe you can work your magic and get them on-board the ixcoin train thats bound for glory!

It wouldn't hurt to shoot them an email.

There are also other guys out there launching multi-coin ATMs.  When I see them I try to let them know about iXcoin.  Biggest problem right now is that most people either never heard of iXcoin or they think it's either dead or a scam coin.

It's hard to make progress - very hard when I approach these people.  Hopefully we'll soon catch a break which will show people that iXcoin is a real coin and a real contender.  That would make approaching industry leaders much much easier.

But until then, I'll keep hitting these people up, shamelessly.

[ninjarobot]

Warning: 1 million left.

Yup. 20,009,618 IXC mined so far. It will be interesting to see what happens when all IXC is mined.

IXC is not used for economic activity, nor as a store of value. To continue operating mining nodes just to mine fees is probably not worth it. Assuming most merge mining pools will drop IXC if it loses all its profitability, the network security will drop like a brick leading to a further decline in IXC value. I hope I'm wrong.

[Vlad2Vlad]

Warning: 1 million left.

Yup. 20,009,618 IXC mined so far. It will be interesting to see what happens when all IXC is mined.

IXC is not used for economic activity, nor as a store of value. To continue operating mining nodes just to mine fees is probably not worth it. Assuming most merge mining pools will drop IXC if it loses all its profitability, the network security will drop like a brick leading to a further decline in IXC value. I hope I'm wrong.

Nah, You're probably not wrong, IXC will probably go to ZERO in a few months.

[From Above]

Nah, You're probably not wrong, IXC will probably go to ZERO in a few months.

+1 it be dead
let it rip

[Vlad2Vlad]

Nah, You're probably not wrong, IXC will probably go to ZERO in a few months.

+1 it be dead
let it rip

That's it, bashers, dump all your iXcoins. 


Better hurry!

[From Above]

Nah, You're probably not wrong, IXC will probably go to ZERO in a few months.

+1 it be dead
let it rip

That's it, bashers, dump all your iXcoins.  


Better hurry!

like frictionlesscoin! lets dump the shit of this after lot of false promise LOL
sorry vlad i have none of these.

[Vlad2Vlad]

Nah, You're probably not wrong, IXC will probably go to ZERO in a few months.

+1 it be dead
let it rip

That's it, bashers, dump all your iXcoins.  


Better hurry!

like frictionlesscoin! lets dump the shit of this after lot of false promise LOL
sorry vlad i have none of these.

Let me guess, you're another Good Samaritan here to help us out for free. 

Wow, the philanthropic efforts of people on this forum, especially in regard to iXcoin, have gone into high gear recently.

I personally very much appreciate your efforts and warnings. 

I'm gonna sell all my iXcoin right NOW.

[From Above]

Nah, You're probably not wrong, IXC will probably go to ZERO in a few months.

+1 it be dead
let it rip

That's it, bashers, dump all your iXcoins.  


Better hurry!

like frictionlesscoin! lets dump the shit of this after lot of false promise LOL
sorry vlad i have none of these.

Let me guess, you're another Good Samaritan here to help us out for free.  

Wow, the philanthropic efforts of people on this forum, especially in regard to iXcoin, have gone into high gear recently.

I personally very much appreciate your efforts and warnings.  

I'm gonna sell all my iXcoin right NOW.

i did not warn a thing! u may as well buy up all the ix coin u can i wouldnt mind

this is not a coin im interested in. in fact i read the thread today for first time and immediately notice "frictionlesscoin"

[xiaobei]

In addition to other BTC, be careful

[Vlad2Vlad]

In addition to other BTC, be careful

Random!


This is becoming a trend.

[halinyo]

Be careful guys and sell your coins to me dump now

[JohnnyBTCSeed]

[ushuai]

Give these reddit posts some up votes to get more visibility for iXcoin.  They are the same post in two different subreddits.

http://www.reddit.com/r/CryptoCurrency/comments/27q7q8/cexio_cio_jeffrey_smith_accepts_position_on/

http://www.reddit.com/r/CryptoMarkets/comments/27qxnq/cexio_cio_jeffrey_smith_accepts_position_on/

[Vlad2Vlad]

I think I just had a realization about a potentially huge advantage for IXC [over Bitcoin itself].

Bitcoin has now proved to be, beyond any doubt, completely centralized.

Given the fact any change they employ takes time and money, iXcoin, can move to add some protocol changes to prevent such easy 51% attacks by any one single pool.

So where is the advantage?

Well, Bitcoin has to think about generating new blocks of coins, fairly rewarding miners, not just securing the network, so when they consider their options to put limits on pools via a hard fork, their options are severely limited.

For iXcoin, in just a few months, the creation of new blocks will be no longer an issue.  This will give iXcoin options for changes to the protocol, to prevent 51% attacks by any 1 single pool, which Bitcoin simply will not have.


To the programmers here:  Is this a valid conclusion?



Edit:  Ironically enough, the very pool which [supposedly] threatens the very existence of Bitcoin is also on the iXcoin board.  Interesting, no?

[dadingsda]

transactions are inside of every block, so without blocks, no transactions. Block reward might go to zero, but the creation of new Blocks will never stop as long as people are mining. when people stop mining, there will be no new blocks and making transactions will not be possible anymore. So its very important that people are mining. without a block reward, who will try to find a block (and so process the transactions)? this answer is still unsure and time is running up very fast.

the possibility of an 51% attack has nothing to do with the block reward, after block reward goes to zero, 51% attacks are still possible (and even more likely). because the network hashrate is going to drop when there is no reward, the power it would need for such an attack is less than now.

who will mine ixc when there is no reward? sure, there is cex.io, but if they are the only one we are are just cex.io coin then. people will never trust a coin with an entity holding more than 51% of the network.

so how do we want to prevent this from happening? unfortunately there is no answer yet, so people try to cash out. somehow it seems people are hoping the miner will just continue to mine by fun ?

correct me if im wrong, i am still a btc noob, but thats reallity as i can see it.

and the transaction fees?
or change the code to pos?

(sry i´m a noob)

[Vlad2Vlad]

Medusa,

Correct, I understand that, but here's my thought.

Right now people mine with large pools due to the block reward.  The bigger pools like Ghash get more blocks due to the "luck" factor created by a significantly lower variance.

But when these block rewards are gone there's no real need for mining in large pools as the rewards will be fees and you will get the same fees if you're mining solo or in a massive pool.  Correct?

THEREFORE, this important change in mindset would allow a coin like iXcoin to alter the protocol, if it's even necessary at that point, to make it less desirable for any 1 pool to amass 51%.

Cause right now that's nearly impossible as people will still join the biggest pool in order to get more block rewards with less and less variance.

So where iXcoin will be able to employ such a strategy in just a few more months, Bitcoin will not be able to do so for decades which means that Bitcoin will always be more centralized and a much more risky coin to hold and invest in.

[Vlad2Vlad]

The way I understand it when block rewards are over and fees take over, the fees are routed automatically to the lowest fees on the network.  This is how banks and the elite will put the poor common miner out of business and centralize the whole network all to themselves.  

Another [common sense] Satoshi flaw he coincidentally overlooked?   Haha!

So you could be a solo miner in Alaska and if your fees are the lowest you would get those transaction fees.

The massive hash power will still be needed but the reward structure would change completely, I believe, so that there would be no need to join a massive pool in order to get the lowest variance and thus the most stable Block Rewards.

You could then literally and easily change the protocol to punish or prevent pools from ever accumulating 51% of the hash power, but it wouldn't be necessary as most people would then just solo mine as the incentive to mine with the largest pool would be gone.

I'm trying right now to get some Bitcoin Core expert to chime in on twitter cause this is the way I understand it but I may be wrong.

But if I'm right, in just a few months iXcoin will instantly become more secure and decentralized than Bitcoin can ever hope to be, well, at least until the next century.  


Lol...talk about a big break!



Edit:  Changing to PoS is not even an option.  Only PoW with massive global hash power solves the Byzantine General's Problem.  And this is why ASICS are a must have and why sha256 will kill any and all other coins with different algos.