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Author Topic: CRYPTO CURRENCY INDEX  (Read 19399 times)
aq
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August 16, 2011, 04:02:17 PM
 #21

Let me see if I got this right ...

Bitcoin is one electronic currency. Namecoin, IXCoin, IOcoin, etc is a different electronic currency, is that right? Just like if Bitcoin is the equivalent of USD, Namecoin could be the equivalent of EUR and IXCoin could be the equivalent of GBP?? Is my interpretation of this correct?
Not correct.
Bitcoin: money.
Namecoin: DNS.
IXCoin: 'little Fred wants to get rich' scam.
IOcoin: it could be fun to make a new chain, so lets do it - maybe Fred wants to buy some IOcoins too Smiley


LOL!

Agree:

Bitcoin: Money
Namecoin: DNS

However (and i dont care if Fred get rich or not):

IXCoin : Money (just like bitcoin but matures quicker, by the way I'm not fred)
IOcoin : Money (i didn't realize its a whole new block chain?)

If every random stream of hash values is money in your eyes, I am happy to sell you a bunch of those. And I have a very big depot at /dev/random Wink

Money is about trust. All those FredCoin miners did it only to get some bitcoins from Fred. No one is keeping FredCoins because as soon as Fred runs out of his subsidizing money it will be game over for FredCoins.
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ableorange
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August 16, 2011, 04:10:40 PM
 #22

I don't see why Fredcoins wont be accepted as an alternative crytpo currency?

I agree, money is trust. I trust bitcoin, and since Fred coin... sorry - IXcoin is built in the same safe way there should not be a problem. I couldn't care less is Fredie gets rich.

I think IXcoin is good for bitcoin, it is an alternative currency that has all the good things of bitcoin. It also matures sooner making it an interesting cometing currency no?

Again.. I dont care if Fred gets rich quick... So what... I'm sure the FED dollar printers think Satoshi is a Freddie too.

Also.. whats up is I0coin? should we not all be shouting about that too then? whats so different about it?


BTW: I know a few people buying Fred/IXCoins and keeping them.
aq
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August 16, 2011, 04:33:54 PM
 #23

I don't see why Fredcoins wont be accepted as an alternative crytpo currency?

I agree, money is trust. I trust bitcoin, and since Fred coin... sorry - IXcoin is built in the same safe way there should not be a problem. I couldn't care less is Fredie gets rich.

Also.. whats up is I0coin? should we not all be shouting about that too then? whats so different about it?

The trust lies in the 2.5 year old block chain.

If Satoshi would have done like Fred - "I pay you all 5 times your electric bill for generating some random hash values" - a lot of people, like today, would have mined for his money. But as soon as he runs out of money, everyone would have stopped too and the project would be declared dead.
So what makes bitcoins different to FredCoins is that initially no one was payed to do it, people found it usefull (or fun) and only after some years then they started to value bitcoin with USD.

AFAIK you wont be paid mining IOcoins, at least until Fred weights in with his money. Apart from this, it is the same.
And by reading some postings in this very forum, I think they serve an additional purpose. A lot of miners don't understand difficulty and the fixed supply rate. So they can be happy mining some trillions of FredCoins / IOcoins, at least until they realize that it was just wasted electricity. And that means more for the bitcoin miners, but don't thell them Wink
ableorange
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August 16, 2011, 04:41:32 PM
 #24

Quote

The trust lies in the 2.5 year old block chain.

If Satoshi would have done like Fred - "I pay you all 5 times your electric bill for generating some random hash values" - a lot of people, like today, would have mined for his money. But as soon as he runs out of money, everyone would have stopped too and the project would be declared dead.
So what makes bitcoins different to FredCoins is that initially no one was payed to do it, people found it usefull (or fun) and only after some years then they started to value bitcoin with USD.


That's fair enough I suppose. I do hope for alternative crypto currencies. I think they would be good for Bitcoin and the community.


Imagine if all we had was the dollar, no EUR, GBP, FRANC ect.

Kudos to fred for copying it. I also like the idea that it matures quicker.

BTW Fred uses a unique genesis block and chain.

I assume tonight's new I0coin also has this. What is different about I0coin. I cant find any information. Is it just the same?
aq
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August 16, 2011, 05:24:56 PM
 #25

Quote

The trust lies in the 2.5 year old block chain.

If Satoshi would have done like Fred - "I pay you all 5 times your electric bill for generating some random hash values" - a lot of people, like today, would have mined for his money. But as soon as he runs out of money, everyone would have stopped too and the project would be declared dead.
So what makes bitcoins different to FredCoins is that initially no one was payed to do it, people found it usefull (or fun) and only after some years then they started to value bitcoin with USD.


That's fair enough I suppose. I do hope for alternative crypto currencies. I think they would be good for Bitcoin and the community.


Imagine if all we had was the dollar, no EUR, GBP, FRANC ect.

Kudos to fred for copying it. I also like the idea that it matures quicker.

BTW Fred uses a unique genesis block and chain.

I assume tonight's new I0coin also has this. What is different about I0coin. I cant find any information. Is it just the same?

Well, if you are a fan of alternative block chains, make your own. Will take you only a few minutes.

1) Download bitcoin or xicoin source.

2) Define a new genesis block
https://github.com/ixcoin/ixcoin/blob/28b781f6390173dd31d771c4e061468256758dfe/src/main.cpp#L1515
Don't forget to start with some message like "To see the farm is to leave it"

3) Change the has hash of the genesis block to whatever you made it in (2):
https://github.com/ixcoin/ixcoin/blob/28b781f6390173dd31d771c4e061468256758dfe/src/main.cpp#L33

4) Optional step: get yourself more money: change the value of a single block
https://github.com/ixcoin/ixcoin/blob/28b781f6390173dd31d771c4e061468256758dfe/src/main.cpp#L639
Fred wanted 96 per block, instead of 50. Pro tip: make it a few thousand at least, miners will be happy

5) type make

6) Huh
7) profit!!!
ableorange
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August 16, 2011, 06:38:10 PM
 #26

I0Coin is about to launch.

Ive updated the information in the first post. Please let me know if any of it is inaccurate or wrong.

See some of you over at bitparking.

Cheers DoubleC
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August 16, 2011, 07:50:53 PM
 #27

You forgot stupidcoin, pointlesscoin, and confuse_the_issue-coin.  Grin

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August 16, 2011, 07:58:05 PM
 #28

Nice thread  Cool

There's a list started here too:

http://coineer.com/currency_directory.php

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ableorange
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August 16, 2011, 08:02:26 PM
 #29

I understand how people feel about these other Bitcoin copies, alternatives.

However I still believe that alternative Crypto currencies good for bitcoin and the community.
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August 16, 2011, 08:07:36 PM
 #30

Sorry, ableorange, I can usually hold myself back from making useless comments about things I disagree with, but the sheer number of these things coming out in the last week or two is getting ridiculous.

They at least should be in their own sub-forum, or "off-topic".  This is bitcointalk.org, not bitcoinclones.org.

OK, my feelings on bitcoin clones are on the record.  I will not make another post about it.

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August 16, 2011, 08:14:44 PM
 #31

is it me or is I0Coin not up yet?? woot its up

wow sooooo fast to solv bock

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August 16, 2011, 08:21:25 PM
 #32

I wanna make trollcoins any proposals of how they should work?  Cheesy

They should inflate, since deflationary spirals will eventually kill a currency. They should ramp up slowly so early adopters won't blatantly manipulate the market like they do with Bitcoin. Of course it needs a solid backing (like the USD or EUR) so it won't collapse as imaginary money. We should also vote on code revisions, so it doesn't just get dominated by libertarians, who only want to hoard what they've already stolen from the proletariat. And forget Linux support, everyone can just wake up and use Windows already!
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August 16, 2011, 08:31:43 PM
 #33

I also think it is good there are alternatives. This proves that there won't be just someone making a Bitcoin clone, rendering the currency (or whatever you call it) worthless. Instead it proves that Bitcoins have value. These things should be described in a nice simple way. First on the wiki, later a video.

And with simple I mean _really_ simple. Like we need a really simple way to securely use Bitcoins.

I really wish there would be some kind of bank or something like Paypal. So you can have an account, transfer money without requiring the Bitcoin client, security measures, like (i)TANs or smart cards, customer support, etc. This would make it easier for people who actual want to use the currency and don't know a lot about computers.

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echo2
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August 16, 2011, 09:37:39 PM
 #34

well since you want a bitcoin paypal so bad code it yourself or start a coding co-op/group

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August 16, 2011, 09:53:27 PM
 #35

Don't forget buttcoin stupidcoin gexcoin nutcoin vagcoin lamecoin blowcoin beercoin weedcoin gascoin acoin bcoin xcoin ycoin and the million other coins that people are trying to pass off as anything other than gimmicks trying to make a quick buck on the back of bitcoin...

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oOoOo
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August 16, 2011, 10:07:35 PM
 #36

What about devcoin??
ctoon6
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August 16, 2011, 10:10:28 PM
 #37

spamcoin

2 minute blocks
start at 1000 coins per block
every 1000000 blocks, DOUBLE
coins will always be generated.

ableorange
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August 16, 2011, 10:19:17 PM
 #38

I0coin up

http://i0.btcguild.com/

very shaky, spamy, trolly start.

worse launch ever...
ableorange
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August 16, 2011, 11:24:55 PM
 #39

I agree 6, 10, 100, 10,000 other currencies would be stupid. IXcoin & I0coin will probably be worth 0 for sometime to come. However. If the Dollar melts down all the other fiat that's pegged to it will automatically melt down too (unless they melt first). So. Really? All we have is Gold, Silver, barter & bitcoin? Why not have a few others to encourage trade?

It's still good for us as a community to have other currencies to help trade, to help the economics. Bitcoin is gold. Maybe if I0coin or IXcoin catch up maybe one day they will be the silver. Right now they arnt even copper, or brass, or dog shit to you guys.

However these are the ONLY alternative sound, digital currencies that match bitcoin since they copy bitcoin. The idea that IXcoin to boot reaches a shorter maturity really gives a competitive edge to this whole thing.
aq
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August 16, 2011, 11:59:34 PM
 #40

I agree 6, 10, 100, 10,000 other currencies would be stupid. IXcoin & I0coin will probably be worth 0 for sometime to come. However. If the Dollar melts down all the other fiat that's pegged to it will automatically melt down too (unless they melt first). So. Really? All we have is Gold, Silver, barter & bitcoin? Why not have a few others to encourage trade?

It's still good for us as a community to have other currencies to help trade, to help the economics. Bitcoin is gold. Maybe if I0coin or IXcoin catch up maybe one day they will be the silver. Right now they arnt even copper, or brass, or dog shit to you guys.

However these are the ONLY alternative sound, digital currencies that match bitcoin since they copy bitcoin. The idea that IXcoin to boot reaches a shorter maturity really gives a competitive edge to this whole thing.

ixcoin, I0coin, and all the other are just plain copies of bitcoin. So why would anyone use those. What you say is the same as "we should replace all digits with some other symbol, because if mathematics fail, we can use the same mathematics using other symbols".

The shorter maturity of ixcoin combined with Freds precomputes coins gives only one person some advantage: Fred himself.
So either you like to be trollish, or maybe you are one of Freds multiple accounts.

Me being open minded, I give you some advice how you could possible exercise some get-rich-as-an-early-adopter thing:
1) add some additional value to your block chain, like namecoin.
2) don't try to replace bitcoins, makes no sense to replace it with something similar.
3) don't mine yourself a too huge chunk before you go public.
4) don't pay others to use your chain, try to get their attention by the added value of your block chain.
If you have some clever idea and are not shy of doing some real coding (changing 10 in bitcoin to have ixcoin is not coding) then your block chain could really take of.
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