[ANNOUNCE] Ixcoin - a new Bitcoin fork

[FuzzyCoins]

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.

The problem is building an economy with lots of different chains. It is hard enough for general adoption and agreement on the value of a coin with just one chain and kind of coin. If there are a hundred chains and different people all have a hundred different kinds of virtual coins, how do you know what your coins are worth? It makes the world of exchanges very complicated.

[1714190968]

1714190968

[1714190968]

1714190968

[Raoul Duke]

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-

The more you post in this thread the more butt hurt you sound...  

[RandyFolds]

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?

I will solomine all the groupcoin forever and ever and ever and ever and ever.

Step 2) Profit

[bitlotto]

I don't see the valued added by this fork and believe me I'm trying....

I can only think of one myself: what happens when people release Bitcoin alternatives. I guess better to learn now rather than later.

[kjj]

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.

Unless you have your own pushpoold and blkmond set up, the churn will clobber you.

[payb.tc]

I don't see the valued added by this fork and believe me I'm trying....

I can only think of one myself: what happens when people release Bitcoin alternatives. I guess better to learn now rather than later.

i'd rather learn later, once bitcoin is more mainstream and less vulnerable to competition.

[markm]

Groupcoin was not replaced with devcoin then?

GRouPcoin as vehicle for specific "features" desired by the devcoin project was "replaced" by devcoin as vehicle for those "features" once various approaches had been tested by trying them out in the GRouPcoin code, so GRouPcoin was freed up for possible future use in trying to implement some other feature, such as "licensed mining", that devcoin turned out not to need.

So at some future time it is possible GRouPcoin might set "licensed mining" to start as of some future block number, if anyone still wants "licensed mining"' to be developed (lets remember here that "wants", in the devcoin development via groupcoin process, was measured at 100  BTC of "desire to have it happen"), in the meantime it simply clunks along at a sedate 50 coins per block every block with reward halving still disabled and I am not sure about topping out at 21 million, it might just keep right on going past 21 million. (Since there isn't rreally a ceiling at 21 million, there is simply a limit to the value an endless sum of halvings of value asymptotically approaches, and that halving is not present...)

There is little to be gained by mentioning current difficulty unless being raped is a gain...

-MarkM-

[bitlotto]

i'd rather learn later, once bitcoin is more mainstream and less vulnerable to competition.

True, but it doesn't look like we have a choice.

[markm]

Anyone selling ixcoins for BTC? PM me your rates.

Oh dark pools already, eh?

Yeah go ahead folks, PM him your rates, free / open markets are evil libertarian conspiracies, better the big fish sucker you behind closed doors...

-MarkM-

[afro25]

Let's have fun with the difficulty.

Dropping 28 G/Hashes on this for a few hours to see what happens. I think DeepBit can do with out me for a while 

Hmmmm............. *Slowly backs out of Ixcoin*

[nmat]

Let's have fun with the difficulty.

Dropping 28 G/Hashes on this for a few hours to see what happens. I think DeepBit can do with out me for a while  

I think that could be enough for a 51% attack  

[afro25]

Oh, Hello Deepbit, I'm back from my Ixcoin adventure...

[indio007]

Someone tell me why you can't spoof the blockchain while it's still small with not many nodes?

[markm]

Someone tell me why you can't spoof the blockchain while it's still small with not many nodes?

How much do you think the coins are worth, that makes spoofing the blockchain seem to you a profitable thing to do?

-MarkM-

[kjj]

I'm pretty sure that the block rate on ixcoin is currently limited by latency and churn, rather than hashing power, and it will stay that way until everyone gets bored or the difficulty catches up.  Could be a day or two.

To really mess with it, you'd need a lot of hashing power (but less than you'd think), and a hacked client that ignores reorgs.

[mb300sd]

Is it still feasible to CPU mine these solo? I only have access to my laptop right now

[bitcool]

There are currently ~7M (as of August 2011) in existence and  it is expected that all 21 million Bitcoins will have been generated by 2033. Whereas there are currently ~580K Ixcoins (as of 10th August 2011) in existence and it is expected that all 21 million Ixcoins will have been generated by 2015. Ixcoin maturity will be reached ~18 years before Bitcoin's.

why 2015? why not make it 2012? let's get rich QUICKER.

[Nicolai Larsen]

I can't make it work properly.

Sure it starts mining, but I can't open the Ixcoin client, so how do I receive the coins? lol

I fail... :/

[indio007]

Someone tell me why you can't spoof the blockchain while it's still small with not many nodes?

How much do you think the coins are worth, that makes spoofing the blockchain seem to you a profitable thing to do?

-MarkM-

Not lor profit... for the lolz... duh

[indio007]

Well sending ixcoins to a bitcoin address = fail. There goes 116 ixc into the ether.