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Author Topic: [ANNOUNCE] Ixcoin - a new Bitcoin fork  (Read 104472 times)
Shinobi
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August 11, 2011, 01:01:29 AM
 #161


I think it would be interesting if someone tried a fork of bitcoin with the same speed-of-generating-new-bitcoins-graph, but with no cap at 21 million btc. Instead, when the 21 million is reached, there will be an inflation of 0.7 % per year. That would mean that the money supply would double once every 100 years. That is an acceptable loss from a currency user's perspective, and would add any benefit(s) an inflationary currency arguably has. I could totally live with my savings halving in value once every 100 years, if that sacrifice boosts the usage of the currency, prevents hoarding etc.

Very cool idea!

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August 11, 2011, 01:08:54 AM
 #162


I think it would be interesting if someone tried a fork of bitcoin with the same speed-of-generating-new-bitcoins-graph, but with no cap at 21 million btc. Instead, when the 21 million is reached, there will be an inflation of 0.7 % per year. That would mean that the money supply would double once every 100 years. That is an acceptable loss from a currency user's perspective, and would add any benefit(s) an inflationary currency arguably has. I could totally live with my savings halving in value once every 100 years, if that sacrifice boosts the usage of the currency, prevents hoarding etc.

Very cool idea!


slight flaw in that logic is that with bitcoin, 21 million will never be reached.
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August 11, 2011, 01:10:24 AM
 #163

New digital currencies spring up everywhere, I don't like that. Detracts bitcoins and is not a benefit for Internet and the people. Although, the creator's name is suspicious.

I think the opposite, this new competing currencies will only make bitcoin stronger


Why? Really. I need to read why, without bias.

in brief, by killing the "bitcoin is hard to make, but easy to copy" argument
https://bitcointalk.org/index.php?topic=36218.msg446402#msg446402


But I don't see advantages it's easy to copy but... (unless you mean that bitcoin it's hard to destroy but it's all)

bitcoin must pass this challenge, the proof of concept of being replicated in many new, competing blockchains
that may kill bitcoin (which I do not believe) or make it stronger, as that naysayer argument will be demystified

If you don't own the private keys, you don't own the coins.
nmat
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August 11, 2011, 01:11:08 AM
 #164

There are many weaknesses in bitcoin. One thing that specially bothers me are the scalability issues. I would gladly welcome an alternative e-currency that improves on these weakness. Ixcoin certainly doesn't do that.
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August 11, 2011, 01:11:31 AM
 #165

I been running 4.1 GH/s on it for the last 3 hours and 15 minutes.

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August 11, 2011, 01:13:11 AM
 #166


I think it would be interesting if someone tried a fork of bitcoin with the same speed-of-generating-new-bitcoins-graph, but with no cap at 21 million btc. Instead, when the 21 million is reached, there will be an inflation of 0.7 % per year. That would mean that the money supply would double once every 100 years. That is an acceptable loss from a currency user's perspective, and would add any benefit(s) an inflationary currency arguably has. I could totally live with my savings halving in value once every 100 years, if that sacrifice boosts the usage of the currency, prevents hoarding etc.

Very cool idea!

I don't know. If that came out I'd probably wait or have someone make another for 0.4% inflation. Smiley We can all be early adopters of our own currencies!

Seriously though, if A LOT of new chains were to start with the variables tweaked a bit wouldn't that just make Bitcoin stronger? You would have hundreds of tiny ones but only one big one. It would be hard for any of the small ones to really steal the market as they would be competing with so many others. Bitcoin has the advantage of being way ahead of the rest.

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gusti
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August 11, 2011, 01:15:27 AM
 #167

Quote
Seriously though, if A LOT of new chains were to start with the variables tweaked a bit wouldn't that just make Bitcoin stronger? You would have hundreds of tiny ones but only one big one. It would be hard for any of the small ones to really steal the market as they would be competing with so many others. Bitcoin has the advantage of being way ahead of the rest.

agreed

If you don't own the private keys, you don't own the coins.
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August 11, 2011, 01:15:53 AM
 #168

I point 1.4 GH at it earlier today for 30 minutes and generated 2000 IXC.

I think it' a waste of time personally. I'm still waiting for the reason why this is a good idea.
I don't see the valued added by this fork and believe me I'm trying....
Littleshop
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August 11, 2011, 01:17:31 AM
 #169

I point 1.4 GH at it earlier today for 30 minutes and generated 2000 IXC.

I think it' a waste of time personally. I'm still waiting for the reason why this is a good idea.
I don't see the valued added by this fork and believe me I'm trying....
So where is difficulty at now? 

indio007
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August 11, 2011, 01:22:23 AM
 #170

I have no idea , it was at about 3PM EST that I mined them. I think it was at 4. I don' know how to figure out the difficulty.
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August 11, 2011, 01:22:52 AM
 #171

I point 1.4 GH at it earlier today for 30 minutes and generated 2000 IXC.

I think it' a waste of time personally. I'm still waiting for the reason why this is a good idea.
I don't see the valued added by this fork and believe me I'm trying....

Will you sell those 2000 IXC? If so, for how many DeVCoin? Or, how many GRouPcoin?

Or, if you can come up with a worthwhile quantity of them, I might even consider buying with BiTCoin. Though I dunno, the fees are scary high with Bitcoin because it is such a vastly valuable precious high powered currency more suitable for international balances of payments than having fun. Do you have any +3 or better magic swords? If so, in which server of which game? I might be interested in those too if they are P2P (I can take them to some other server of some other game)...

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tritium
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August 11, 2011, 01:23:39 AM
 #172

difficulty was 16, it is now 64

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afro25
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August 11, 2011, 01:25:32 AM
 #173

Difficulty must have soared as i mined 864 within 14 minutes and now haven't mined anything at all for more than half an hour.


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August 11, 2011, 01:25:55 AM
 #174

difficulty was 16, it is now 64


Difficulty 69!!!!!!!!!!!!

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August 11, 2011, 01:26:23 AM
 #175

difficulty was 16, it is now 64

So at what difficulty is cpu mining not workable?

RandyFolds
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August 11, 2011, 01:27:09 AM
 #176

Also, why are you guys actually pointing your hashing power at this drivel? Don't reward this guy's mockery of a bunch of other people's hard work.

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August 11, 2011, 01:27:23 AM
 #177

difficulty was 16, it is now 64

That high already? Hmm, how many GRouPcoin are they worth each? How many DeVCoin?

Maybe the ratios might tip in favour of mining GRouPcoin or DeVCoin instead of IXCoin?

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Eli
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August 11, 2011, 01:28:49 AM
 #178

I point 1.4 GH at it earlier today for 30 minutes and generated 2000 IXC.

I think it' a waste of time personally. I'm still waiting for the reason why this is a good idea.
I don't see the valued added by this fork and believe me I'm trying....

Will you sell those 2000 IXC? If so, for how many DeVCoin? Or, how many GRouPcoin?

Or, if you can come up with a worthwhile quantity of them, I might even consider buying with BiTCoin. Though I dunno, the fees are scary high with Bitcoin because it is such a vastly valuable precious high powered currency more suitable for international balances of payments than having fun. Do you have any +3 or better magic swords? If so, in which server of which game? I might be interested in those too if they are P2P (I can take them to some other server of some other game)...

-MarkM-


I like your style.
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August 11, 2011, 01:29:55 AM
 #179

difficulty was 16, it is now 64

That high already? Hmm, how many GRouPcoin are they worth each? How many DeVCoin?

Maybe the ratios might tip in favour of mining GRouPcoin or DeVCoin instead of IXCoin?

-MarkM-


Groupcoin was not replaced with devcoin then?


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August 11, 2011, 01:30:34 AM
 #180

Anyone selling ixcoins for BTC? PM me your rates.

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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
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