IXcoin -- enough is enough!

[ChupacabraHunter]

I remember a presentation or podcast (i think it was Gavin's) that they said that in the future they may have bitcoin currencies for different parts of the world... asia, africa, europe etc...

They made a bit of sense, and these new ixcoins et al may just be a good test-bed to see if all that is really worth it.

From a security perspective though, i think this would actually create a whole bunch of weak cousins to Bitcoin and be taken out one at a time by the big guns of whomever doesn't like what is going on here.

It is super interesting to see this starting and seeing where it will end!

I LOVE BITCOINS and all it's cousins too!!! I just hope the family doesn't get taken out by an evil OVERLORD... I don't know this, but from all the cool conspiracy movies out there, it seems to me that these evildoers exist, so security is a concern, and so bitcoin is the toughest nut to crack at the moment.  I just hope that ixcoin will not be used to chip away at bitcoin's hard shell!!!

Gggggrrrrrrrrrrrrrrrrrrrrrrrrrrrrhhhhhhh

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[DrKennethNoisewater]

PEOPLE LIKE MONEY. BIG FUCKIN SURPRISE.

Yes and all these people here pretending that bitcoin is or every was more than a money making scam are full of it. I mean really an encryption based project that somehow manages not to take wallet security into account in that equation seriously deserves questioning..

I had to comment on this 1.................

Most people who have been unfortunate enough to be "ripped off" can blame themselves..................

It's probably happened to them many other times in life with actual $USD......

What's the old saying about a fool and his money?

BTC Forever!

DKN

[fcmatt]

i am surpised the price is still above .001 but i do see some transactions below that.
i say.. in about two weeks the price will be .0005.. and interest will start being lost.
i0coins will follow the same path into obscurity.

[AngelusWebDesign]

You're right as rain!

How else could it turn out? You can't SPEND the darn things *anywhere*. It was all just a scam from the beginning. Most people -- including some of the miners who mined the coins -- saw it coming a mile away.

[JoelKatz]

Way to totally miss the point absolutely no freakin security on wallet in a security based project is epic fail as far as I am concerned.. At least someone should have to jump through some extra hoops to get at what is in the wallet.dat not just simply take the file and get whatever you want christ some people.

Your argument, "bad security is better than no security" is not generally accepted.

http://selberg.org/2006/09/11/only-thing-worse-than-no-security-bad-security/
http://dotfuturemanifesto.blogspot.com/2006/05/bad-security-is-worse-than-no-security.html
http://www.secure-itnet.com/security.html
http://www.securityspot.info/node/9

There have also been quite a few posts in the forum explaining specifically why bad wallet security is much worse than no wallet security.

[AngelusWebDesign]

Way to totally miss the point absolutely no freakin security on wallet in a security based project is epic fail as far as I am concerned.. At least someone should have to jump through some extra hoops to get at what is in the wallet.dat not just simply take the file and get whatever you want christ some people.

Your argument, "bad security is better than no security" is not generally accepted.

http://selberg.org/2006/09/11/only-thing-worse-than-no-security-bad-security/
http://dotfuturemanifesto.blogspot.com/2006/05/bad-security-is-worse-than-no-security.html
http://www.secure-itnet.com/security.html
http://www.securityspot.info/node/9

There have also been quite a few posts in the forum explaining specifically why bad wallet security is much worse than no wallet security.

To put it simply, it leads people to think they're secure -- lulling them into a false sense of security.

[fcmatt]

I thought the whole point of a beta program was to release something that had the core functionality and then
over the next year or two you refine it to a full release. So wallet security would not be a core concern and would
naturally come in later on. If you were designing the program are you telling me you would have a 1000 bullet points
of features to program in and you would concentrate on wallet security before having stable core functionality?

Of course not. Those are things you do once the program is actually being used and the demand is there. So at
that point you do it right instead of a rush hack job that will have to be redone later on.

But hey.. that is just me.

[smoothie]

If you don't like it - just ignore it.

Wow...

LOL why don't you tell us all how much BTC you invested into dixcoins?

Lovely market value of a high at 0.0095btc now at 0.007btc.

LAWLz

Ignore it? Nah.

[smoothie]

No way.

IXCoin is just what Bitcoin needs!

I've just bought my 2000 IXC for a very cheap 12BTC

We & Bitcoin need competing currencies.

Trust me this is a good thing.

Cheap? The rate you bought them at must have been about 0.006btc.

Now they are at like 0.0007btc each.

You are right they were very cheap! You just misread the price tag and bought at the top.

LAWL

[smoothie]

The pre-mined coins were held so bounties could be offered to promote and expand iXcoin

https://ixcoin.org/wiki/index.php?title=Category:Bounties

Yes offer worthless copy-cat coins as bounties so people can do your dirty work. trade their time and effort (worth something) for dixcoins which have almost zero value.

Great explanation of why people should invest.

Why stop at premining 580k coins when you could have premined 5,800,000 dixcoins?


 

[smoothie]

What are the dangers of holding ixcoin? Apart from their possible loss of value (if there is any there already)

seems it reached a peak of about 0.009 btc and is now hovering between 0.004 and 0.005.

Now hovering between 0.0006 and 0.0008 btc. FAIL MARKET.

[smoothie]

Ultimately the better player will win. We can look at these competitor chains as our challengers, and we can only defeat them by becoming better ourselves.

Its not a case of being better. IXCoin is not in competition with Bitcoin. There's no reason the 2 currencies cant exist side by side as silver does with gold.

Edit: btw IXCoin is selling for as little as 0.00279900 atm. The lowest price you could get them for only 2 days ago was 0.00649900. Get your orders in before the price rise...

And 7 days later your predictions were FAIL. Price never went above 0.00649900 after your post here.

In fact they have been trading at an average of about 0.0008 btc each.

Yes silver can exist side by side with gold but also dogshit exists at the current time as gold does too. Ixcoins = dogshit.

LOL your predictions fail!

[smoothie]

Ultimately the better player will win. We can look at these competitor chains as our challengers, and we can only defeat them by becoming better ourselves.

Its not a case of being better. IXCoin is not in competition with Bitcoin. There's no reason the 2 currencies cant exist side by side as silver does with gold.

Edit: btw IXCoin is selling for as little as 0.00279900 atm. The lowest price you could get them for only 2 days ago was 0.00649900. Get your orders in before the price rise...

Or crashes to hell?

Guess I was right Oldminer. 

[smoothie]

Or crashes to hell?

Maybe. I dunno, you buying any lol? I know at the very least Im getting me some for a rainy day in hell

How's that investment of BTC into ixcoin at 0.00649 btc per ixcoin going for ya?

Based purely on numbers you lost at least 80% of your trade when buying at the time of your post here.

 

[smoothie]

I don't really understand why everybody is bashing ixcoin. They are very clear of their intent - generate all coins faster, but keep the rest intact. I think this is absolutely excellent - we have a single difference that we can study. And possibly a final argument in the "inflation-deflation" debate.

There's a lot more differences than just the changes to the parameters: IXCoin is nothing new, it can use BTC as currency for exchange, whereas bitcoin has to use fiat currencies to get value in.

You can't compare 2 slightly different seeds if you put them in completely different soil.

Wait..whos to say the price of IXCoin will always be pegged to BTC 

Let's peg ixcoins to dogshit. I'll give you 10 pile of dogshit from my neighbors dog for 200,000 ixcoins.

LOL 

[smoothie]

Either I don't correctly understand what you're saying (English is not my mother tongue) or you are wrong. Who said you can't exchange ixcoin to fiat currencies?

You cant atm but whos to say you wont be able to later?

I started to consider ixcoin as BitCoin or steroids

Yup. Good way of putting it. Didnt get in early on Bitcoin? No problem - IXCoin gives you a second chance. But you have to get in early. As it stands atm IXCoin is worth nothing but it is exchangeable for Bitcoin and transfers are fast. Nows your chance to be an early adopter. And 'early adopter' means 'early adopter' - not "oh look the price is going up think I might get on" lol

Oldminer this post you put up here shows exactly the motives of yourself and Thomas Nasakioto (your alias) of why you are pushing ixcoins. 

[wndrbr3d]

The fact that IXcoin is being taken seriously is hilarious.

- The creator kept it private while be mined over 500,000 coins so he could use them to promote/grow/bribe.
- It's literally being marketed as a "chance for people who missed being an early adopter of bitcoin to get in on this" (greed)
- It's setup to payout faster, making people more 'money' for starting now

IXcoin is LITERALLY a get rich quick scheme in which the creator took bitcoin and deformed it to feed into peoples greed (specifically his own). The only person who stands to make a lot of money of IXcoin is it's creator. Period.

[From Above]

well it's still quite alive, the good old IXC!

~feel the signal!~

~CfA~

[The Sceptical Chymist]

well it's still quite alive, the good old IXC!

~feel the signal!~

~CfA~

Don't know why you bumped this thread,  you ought to know better unless you just bought that account.   Nevertheless it's interesting to see what people were thinking about shitcoins 5 years ago.  I've never even heard of IXC.

[instacalm]

well it's still quite alive, the good old IXC!

~feel the signal!~

~CfA~

Don't know why you bumped this thread,  you ought to know better unless you just bought that account.   Nevertheless it's interesting to see what people were thinking about shitcoins 5 years ago.  I've never even heard of IXC.

I just read the first page of the thread on my phone while chilling in bed and I actually thought it was an interesting read haha