[ANNOUNCE] Ixcoin - a new Bitcoin fork

[smoothie]

Is it just me or did this guy just join the forum like yesterday?

He has no track record and the fact that there is 580k ixcoins in existence says that this is pretty inflationary. We have 950k namecoins that have been mined over almost 4 months now and on the first day of the release of this new blockchain there is more than half of the amount of namecoins already in existence?

TELL ME THIS WHY DID YOU NOT START THE BLOCKCHAIN WITH LESS BLOCKS GENERATED SO THE COINS COULD BE MORE EVENLY DISTRIBUTED AS OPPOSED TO CENTRALIZED IN YOUR POSSESSION? THE WHOLE POINT OF THE BITCOIN CONCEPT IS DECENTRALIZATION AND YOUR BLOCK CHAIN IS NOT DECNTRALIZED AT ALL

It sure does not seem like you wanted to give anyone a fair crack at the mining of low difficulty blocks.

I think that what I have described about your block chain proposal is accurate in pointing out bullshit.

[newminerr]

On a serious note, this looks promising when i cash my BTC paycheck in 10 days i might get -another- server as a pool.

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.

You genuinely made me laugh, thank you  

[OgNasty]

I've got a currency called *OgNotes that doesn't even require it to be mined and has ALREADY reached it's full dilution.  It's also currently valued at 10BTC and goes up in value 0.1BTC per day!  *OgNotes are available to all early adopters at 50% off!!!! Contact me to receive your *OgNotes!  Hurry, early adopter discount is only good for another 4 hours! 

*OgNotes exist only in the mind of OgNasty

[enmaku]

How many blocks are there currently?

Block #6467 at the moment of this writing, though they're going VERY quickly since the initial difficulty of 4 is still in effect.

~4.679 blocks per minute as a matter of fact, which at difficulty 4 indicates about 1.34 GH/s total, if my math is correct (1 block @ diff 4 ~= 17,180,131,332 hashes [D * 2^48 / 0xFFFF])

[enmaku]

It sure does not seem like you wanted to give anyone a fair crack at the mining of low difficulty blocks.

LMAO the starting difficulty is 4... Not low enough for you?

[markm]

*OgNotes exist only in the mind of OgNasty

Finally, someone figured out how to store coins in a place safe from net-based hackers!

How many can I buy for a groupcoin, I left my bitcoin wallet on my other computer.

-MarkM

[Nasakioto]

How many blocks are there currently?

Block count was at 6050 about 2 hours ago, it's now 6498.

[nmat]

1 - Change 50 to 96 in bitcoin code
2 - Mine alone for 3 months (wiki says May 2011) to get 500K coins
3 - Announce "Hey everyone new currency really easy to mine eveyone join and earn money!"
4 - A market is created and this new coin is valued at some price (it could be something like $1)
5 - Sell 500K coins
6 - Get rich and disappear

[indio007]

Riddle me this batman... Why not put your efforts to building a better foundation for bitcoin ,which is still having growing pangs?  It seemd to me you've come here to siphon off human and computational resources. I'm not going to speculate as to your motive but there are far more negative possibilities than positive. So Question #2.

What do you hope to achieve?

[gusti]

I think this is good for bitcoin, anybody thinks like me ?

[error]

http://www.eset.com/us/threat-center/encyclopedia/glossary/newheurpe

[foggyb]

https://www.virustotal.com/file-scan/report.html?id=7e1100bef5558ac0826b600d54eba4ddaa2103c75975d0e954de73d92244aef1-1313004781

This would be a great way to spread a worm. Only one hit though.

[Nasakioto]

http://www.eset.com/us/threat-center/encyclopedia/glossary/newheurpe

If you have any doubts as to whether the .exe is compromised, you are welcome to recompile from the source.

[error]

http://www.eset.com/us/threat-center/encyclopedia/glossary/newheurpe

If you have any doubts as to whether the .exe is compromised, you are welcome to recompile from the source.

Not quite. I would have to INSPECT the source first, and then recompile it.

And you still haven't answered the question: What is the point of this block chain?

[the founder]

I'd rather trade in Zimbabwe dollars than a "inflationary bitcoin"   because in all honesty I know what ixcoin stands for...

Inflationary Xerox of Bitcoins

[borgfish]

hello, out of curiosity i would like to mine 100 of these.

how would i do this ? the client wont offer cpu mining

[GideonGono]

I'd rather trade in Zimbabwe dollars than a "inflationary bitcoin"   because in all honesty I know what ixcoin stands for...

Inflationary Xerox of Bitcoins

I've got stacks of them if you're interested 

[gusti]

http://www.eset.com/us/threat-center/encyclopedia/glossary/newheurpe

If you have any doubts as to whether the .exe is compromised, you are welcome to recompile from the source.

Not quite. I would have to INSPECT the source first, and then recompile it.

And you still haven't answered the question: What is the point of this block chain?

I suspect you don't need a point to create new competing blockchains
the good for bitcoin : proof of concept will be demonstrated
and competition is always good, isn't it ?

[ohforf]

hello, out of curiosity i would like to mine 100 of these.

how would i do this ? the client wont offer cpu mining

http://ixcoin.org/wiki/index.php?title=Category:Mining
Just do solo mining, there are no pools known to me...

EDIT: if you want it easy, i can sell you 100 IXC for some BTC 

[markm]

http://www.eset.com/us/threat-center/encyclopedia/glossary/newheurpe

If you have any doubts as to whether the .exe is compromised, you are welcome to recompile from the source.

I have been getting some familiarity with what one needs to change to make a new block chain from an old one, and used diff to compare the source with devcoin source.

You seem to have added a get block RPC but apart from that your changes look pretty normal, except that you seem to have neglected to change the four-byte hello sequence that protects each variant from chatting pointlessly with some other variant when people start using patches that allow them to run on non-standard ports.

As long as people stick to the hardcoded networking port, fine. But as soon as some user of mainstream bitcoin hacks his bitcoind to use some weird port that happens to be the port Ixcoin normally uses, you will get told of thousands of nodes all of which will be happy to flood you the same way if your code too is willing to try connecting to a port other than its hardcoded normal port.

So I'd suggest maybe picking a hardcoded hello string for your main net and your test net and get them in use quick before there are so many nodes it is a bit late for such a change.

I went with the idea a human maybe should be able to read them when watching packets, so I used DEV: and dev- for devcoin main and test nets, GRP: and grp- for groupcoin main and test nets, though doubtless there are people who can pontificate all day about why those were bad choices. (If you go for IXC: and ixc- they can yell at you too hahaha.)

-MarkM-