[ANN] IXCoin [IXC] The Original Bitcoin Sidechain

[SISAR]

I have tested both 32 and 64 bit wallets and they are working fine if listen=0 

[ArchimedesIX]

I have tested both 32 and 64 bit wallets and they are working fine if listen=0 

I will update the release notes for the Windows version affected - thanks for your help!

[Lamperon]

This is no doubt an interesting project and the crypto world has long been waiting for a project like this.

I will not argue, the project looks very promising. The main thing is that developers would not throw it and put their ideas into reality.

[thrax]

Why the new thread?

[markm]

Switch to "Distribution" tab at chart.

https://www.cryptopia.co.nz/Exchange/?market=ixc_BTC

I can see my exact IXC balance there.

Is that big column maybe the total of all the others? Like maybe it is the real total, the exchange's account, and the others show how it is divided up among users?

-MarkM-

[CryptoSangria]

Why the new thread?

Theymos the Terrorist deleted our old thread for no reason.

had to be a reason, he cant be running out of space

[CryptoSangria]

I don't like blood, I'm only from Transylvania by birth... I meant Sangria the delicious drink : )

Certified in c++

[ArchimedesIX]

some movement lately - a few more transactions, mining up, some miners have upgraded. Not much action on the exchanges though....

[ArchimedesIX]

Btcguild used to run an ixcoin pool before merge mining. when they shut it down they gave miners a week to withdraw the funds. after that they deleted the wallets. i'm sure there were a lot of coins in there then.

Noticed this note on the closed thread - does anyone have a handle on the number of IXC in lost wallets?

[starmman]

Didn't notice there was a new thread - thought things were a bit quiet lately

[ArchimedesIX]

The mining pattern seems strange to me - a large burst of hashing followed by it turning off - then on again after an hour or several hours. Anyone have a theory as to why?

[MarketMagic]

The mining pattern seems strange to me - a large burst of hashing followed by it turning off - then on again after an hour or several hours. Anyone have a theory as to why?

I’ve never mined but to me that sounds like some kind of testing.

Testing eh?...Is it moon time?

[Sergiose]

The thirst for profit out of envy of bitcoin pioneers, nothing more. Why don't society have a bunch of identical systems? Bitcoin therefore stood out, which differed from the existing and closed some of their disadvantages for end users.

[corlinddd]

What makes this coin different between other similar coins?

[starmman]

What makes this coin different between other similar coins?

Firstly the fact that this community doesn't respond to bots...

Oops!

[ArchimedesIX]

The thirst for profit out of envy of bitcoin pioneers, nothing more. Why don't society have a bunch of identical systems? Bitcoin therefore stood out, which differed from the existing and closed some of their disadvantages for end users.

ok - I'll bite.

IXC was started in May 2011 - third crypto. Early days, well before bitcoin was successful and well before almost anyone thought it would be successful.

IXC tried out a couple of concepts - 1) a small number of coins were set aside for bounties - less than 3% -  and 2) the block rewards were larger but the total number of coins the same - to test out what happens when a coin must rely on fees and not miner rewards. For good measure merge mining was added.

Neither worked out very well - newer coins had premines of 10%, 20%, 80% (looking at you Ripple) which gave any coin with a premine - even a miniscule one -  a bad name. Also we confirmed fees on 1MB blocks are woefully inadequate - this may have driven some of the urgency (panic) to increase bitcoin block size.

Now here we are - the premine has been donated back and sequestered - a fork at 450K blocks will give IXC a larger block size 64MB - 2X what Satoshi had set bitcoin to originally - pretty reasonable since 2018 computers are more than order of magnitude faster than 2009 computers. Enough to provide a significant block reward with small fees. Also just enough with current optimization techniques to match average visa transaction volume.

Will this be the right update for The Original Bitcoin Sidechain?



 

[sieunhangao19]

 A lot of potential is here for these project so I hope to invest it a little bit

[ArchimedesIX]

uggghh crickets except for a bot.....

[ranggenga]

Miners still not cooperating.  Odds of a chain split, in a few days, is high.  Things could become very unpredictable. 

https://coindar.org/en/event/ixcoin-ixc-hard-fork-8396

I'm sorry to hear that, I hope the problem will be fixed soon, and all minder will be working as expected.
So this coin will soon goo to the moon

[starmman]

Miners still not cooperating.  Odds of a chain split, in a few days, is high.  Things could become very unpredictable. 

https://coindar.org/en/event/ixcoin-ixc-hard-fork-8396

Interesting stuff, was wondering why there has been a bit of volatility recently