[ANNOUNCE] Ixcoin - a new Bitcoin fork

[markm]

Hi, I am interested in possibly buying some Ixcoin. Do you accept GRouPcoin? DeVCoin? Martian BotCoin? General Mining Corp scrip? General Retirement Fund scrip? Canadian Digital Notes? United Kingdom Britcoin? Etc?

-MarkM-

[brandon@sourcewerks]

Thomas Nasakioto only returns 6 results in Google... Thomas, do you have any references?

[enmaku]

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Too many questions to point my hardware toward this...

If it's like with Symantec antivirus (urgh), it disallows executables used by very few people with certain characteristics, such as network use. It mentions "heur", probably referring to heuristics.

I don't see the  point of this, unlike namecoin, it gives no advantage whatsoever, except making it more vulnerable to transaction fees transition issues...

Yeah, NewHeur_PE is a catch-all category for anything displaying "worm-like" behavior, which any unknown P2P app is going to throw. I've run this in a VM containing an empty bitcoin wallet and as of yet my bitcoin wallet.dat remains untouched, so at least it doesn't appear to be a wallet stealer. I've also pointed one video card at it and it appears to be mining and generating coins correctly so it seems to be a legit fork.

As for the point... I'm not 100% sure there is one - BUT if ixcoin adoption ever gets to a meaningful level it WILL tell us far ahead of time what is likely to happen when bitcoin finally hits its transaction fee transition point. Better to know all those gory details in 2015 than have to deal with them in 2033 with zero knowledge.

[Tx2000]

Err so basically, he goes with a name that resonates in the similar persona-esque "Satoshi Nakamoto" (Hey, it's another Japanese developer, must be awesome!) and using an avatar-image of said nationality and someone finds out it's someone else's picture.


No, not sus at all.

[Nasakioto]

Also, what's the purpose of the Hiroyuki-Sanada-Portrait?
http://www.flickr.com/photos/sunshinedna/269252555/

Purpose of an avatar image? Well, I like Hiroyuki...

[AtlasONo]

This is so well put together that it would put any other wallet skimmer to shame. *If* infact it were a wallet skimmer.

[Man From The Future]

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Too many questions to point my hardware toward this...

If it's like with Symantec antivirus (urgh), it disallows executables used by very few people with certain characteristics, such as network use. It mentions "heur", probably referring to heuristics.

I don't see the  point of this, unlike namecoin, it gives no advantage whatsoever, except making it more vulnerable to transaction fees transition issues...

Yeah, NewHeur_PE is a catch-all category for anything displaying "worm-like" behavior, which any unknown P2P app is going to throw. I've run this in a VM containing an empty bitcoin wallet and as of yet my bitcoin wallet.dat remains untouched, so at least it doesn't appear to be a wallet stealer. I've also pointed one video card at it and it appears to be mining and generating coins correctly so it seems to be a legit fork.

As for the point... I'm not 100% sure there is one - BUT if ixcoin adoption ever gets to a meaningful level it WILL tell us far ahead of time what is likely to happen when bitcoin finally hits its transaction fee transition point. Better to know all those gory details in 2015 than have to deal with them in 2033 with zero knowledge.

It isn't given time to reach a point where mining can be sustained on transaciton fees, leaving it more vulnerable to double-spend attacks, as the sustainabl ehash-rate from fees without a loss would be lower, as it takes very little time for mining rewards to go away.

[gusti]

Thomas Nasakioto only returns 6 results in Google... Thomas, do you have any references?

no references needed, he's not applying for a credit

[nmat]

This is gonna be so much fun



inb4 other new currency which reaches maturity next month.

[markm]

As for the point... I'm not 100% sure there is one - BUT if ixcoin adoption ever gets to a meaningful level it WILL tell us far ahead of time what is likely to happen when bitcoin finally hits its transaction fee transition point. Better to know all those gory details in 2015 than have to deal with them in 2033 with zero knowledge.

We can find that out easily enough with any of the chains that issued all their coins in the genesis block so start out from scratch with no minting of coins.

-MarkM-

[the founder]

I'll buy you some for this thread...  LOL!

Honestly what's the point of this?   there's nothing unique about it as it's literally bitcoins that have a higher inflation rate....  when in fact it's pointed out that even the bitcoin inflation rate is too high...

https://bitcointalk.org/index.php?topic=33718.0

[gigabytecoin]

This is ridiculous.

There are already 580,000 ixcoins in existence? And you expect people to start mining for you?

IF YOU WANT TO MINE IXCOINS, WHY NOT JUST MINE NAMECOIN?

There are only about 950,000 namecoins out there that are equally fairly distributed amongst a few thousand people already, and they have another purpose behind them which isn't simply "get rich quick".

Namecoin was released to the world with only a few (re: couple) blocks solved by the creator, and difficulty was set to 512 originally to protect against the early adopter problem of people gathering millions of coins before it actually took off.

If you want to learn more about namecoin, check out the dot-bit website.

[Spacy]

Hm Linux 64bit client doesn't start... Very strange...

[enmaku]

Honestly what's the point of this?   there's nothing unique about it as it's literally bitcoins that have a higher inflation rate....  when in fact it's pointed out that even the bitcoin inflation rate is too high...

https://bitcointalk.org/index.php?topic=33718.0

Then how about another fork (Xicoin perhaps?) with lower block rewards that won't give away all its coins until 2284 or something? Or for that matter why not make the reward extremely low and simply never stop giving away coins? Assuming the generation reward rate is lower than the coin corruption/loss rate it'd still be deflationary...

[Nasakioto]

This is ridiculous.

There are already 580,000 ixcoins in existence? And you expect people to start mining for you?

A major portion of the 580K IXC have been set aside to promote and develop Ixcoin. For instance, see the Bounties page.

Judging from the quickly increasing Ixcoin mining activity, it appears miners are taking on the challenge.
 

[Nasakioto]

Hm Linux 64bit client doesn't start... Very strange...

Sorry to hear that. Do you get an error message? What platform are you running?

[YoYa]

Excellent!

To those questioning the point....well this is kinda the whole point! A free market of blockchains, each with different purposes. Ixcoin will allow us to see how inflation affects blockchain based currency systems, and as BTC is the original, won't really have an effect on it's value. Way I see it, BTC is the base measure for all that will follow, as long as the original remains intact and uncorrupted it will serve as a measure of value.

Good work Thomas, this will only add further to the knowledge we are pioneering.

[markm]

Judging from the quickly increasing Ixcoin mining activity, it appears miners are taking on the challenge.
 

More likely they are raping the low-difficulty to stick you with a subsequent long period of no blocks made, like has been happening to namecoin lately.

-MarkM-

[Nasakioto]

Excellent!

To those questioning the point....well this is kinda the whole point! A free market of blockchains, each with different purposes. Ixcoin will allow us to see how inflation affects blockchain based currency systems, and as BTC is the original, won't really have an effect on it's value. Way I see it, BTC is the base measure for all that will follow, as long as the original remains intact and uncorrupted it will serve as a measure of value.

Good work Thomas, this will only add further to the knowledge we are pioneering.

Thanks for the support. Now get your miner onto the Ixcoin blockchain before difficulty skyrockets

[AtlasONo]

How many blocks are there currently?