[ANN] iXcoin to become the Most Advanced Alternate Crypto Currency

[FrictionlessCoin]

iXcoin - The Internet eXchange Coin (IXC)

developed in April 2011, after a long hibernation in development, has now been upgraded to the latest Bitcoin 0.8.6 code base.

In addition to the latest upgrades, the development team is now working in four promising areas:

(1) Micro-transactions - Permit micro transactions without the overhead.

(2) Armory wallet - The most advance secure wallet

(3) Colored Coins - Exchange financial instruments (i.e. Bonds, Stocks etc) using IXC

(4) Ripple Integration - Move IXC across exchanges with zero confirmation times.

These innovations will make iXcoin, the most advanced alternate crypto currency.

iXcoin was the first alternate crypto currency.   It will now become the most advanced alternate cryptocurrency.

[disclaimer201]

iXcoin - The Internet eXchange Coin (IXC)

developed in April 2011, after a long hibernation in development, has now been upgraded to the latest Bitcoin 0.8.6 code base.

In addition to the latest upgrades, the development team is now working in four promising areas:

(1) Micro-transactions - Permit micro transactions without the overhead.

(2) Armory wallet - The most advance secure wallet

(3) Colored Coins - Exchange financial instruments (i.e. Bonds, Stocks etc) using IXC

(4) Ripple Integration - Move IXC across exchanges with zero confirmation times.

These innovations will make iXcoin, the most advanced alternate crypto currency.

iXcoin was the first alternate crypto currency.   It will now become the most advanced alternate cryptocurrency.

Lol. Nice try though.

[FrictionlessCoin]

Well, iXcoin almost doubled in price yesterday.

If it weren't for the Bitcoin China problems,  this would have hit $1.

[markm]

Did Ixcoin really come before Devcoin and Namecoin?

(aka was it really the first altcoin (other than testnet and tonal bitcoin) ?)

-MarkM-

[m00x!]

Namecoin squeaked by Ixcoin a few weeks earlier as the first altcoin.  But being the number 2 altcoin ain't bad either.

April 19, 2011 - Namecoin block 1
http://explorer.dot-bit.org/b/000000000036cba77f97fb033dd770830614e2e4f21b61abb0a893472d0bbbb5

May 7, 2011 - Ixcoin block 1
http://block.al.tcoin.info/block/000000000724b7650db4c9582fdb25cc302a85150976e371c1c4571a82ca846f

July 22, 2011 - Devcoin block 1
http://block.al.tcoin.info/block/000000002f751a5066b708d65240c63128183fb67e009027f52cac8a6eb4f81a

[FrictionlessCoin]

Namecoin squeaked by Ixcoin a few weeks earlier as the first altcoin.  But being the number 2 altcoin ain't bad either.

April 19, 2011 - Namecoin genesis block
http://explorer.dot-bit.org/b/000000000036cba77f97fb033dd770830614e2e4f21b61abb0a893472d0bbbb5

May 7, 2011 - Ixcoin genesis block
http://block.al.tcoin.info/block/000000000724b7650db4c9582fdb25cc302a85150976e371c1c4571a82ca846f

July 22, 2011 - Devcoin genesis block
http://block.al.tcoin.info/block/000000002f751a5066b708d65240c63128183fb67e009027f52cac8a6eb4f81a

It depends whether you consider Namecoin as an alt-coin.

More precisely Ixcoin was the first Bitcoin clone.

[m00x!]

I was off by one block on the genesis blocks.  I didn't realize the block chain starts at block 0 not 1.  Below are the updated genesis block dates.  Ixcoin appears to have taken 8 days between the genesis block and block 1.  So it was actually only 12 days behind Namecoin, but the order stays the same.

April 17, 2011 - Namecoin genesis block
http://explorer.dot-bit.org/b/000000000062b72c5e2ceb45fbc8587e807c155b0da735e6483dfba2f0a9c770

April 29, 2011 - Ixcoin genesis block
http://block.al.tcoin.info/block/0000000001534ef8893b025b9c1da67250285e35c9f76cae36a4904fdf72c591

July 22, 2011 - Devcoin genesis block
http://block.al.tcoin.info/block/0000000062558fec003bcbf29e915cddfc34fa257dc87573f28e4520d1c7c11e

[x0rcist]

iXcoin - The Internet eXchange Coin (IXC)

developed in April 2011, after a long hibernation in development, has now been upgraded to the latest Bitcoin 0.8.6 code base.

In addition to the latest upgrades, the development team is now working in four promising areas:

(1) Micro-transactions - Permit micro transactions without the overhead.

(2) Armory wallet - The most advance secure wallet

(3) Colored Coins - Exchange financial instruments (i.e. Bonds, Stocks etc) using IXC

(4) Ripple Integration - Move IXC across exchanges with zero confirmation times.

These innovations will make iXcoin, the most advanced alternate crypto currency.

iXcoin was the first alternate crypto currency.   It will now become the most advanced alternate cryptocurrency.

to much coins you wanna dump?

[FrictionlessCoin]

I was off by one block on the genesis blocks.  I didn't realize the block chain starts at block 0 not 1.  Below are the updated genesis block dates.  Ixcoin appears to have taken 8 days between the genesis block and block 1.  So it was actually only 12 days behind Namecoin, but the order stays the same.

April 17, 2011 - Namecoin genesis block
http://explorer.dot-bit.org/b/000000000062b72c5e2ceb45fbc8587e807c155b0da735e6483dfba2f0a9c770

April 29, 2011 - Ixcoin genesis block
http://block.al.tcoin.info/block/0000000001534ef8893b025b9c1da67250285e35c9f76cae36a4904fdf72c591

July 22, 2011 - Devcoin genesis block
http://block.al.tcoin.info/block/0000000062558fec003bcbf29e915cddfc34fa257dc87573f28e4520d1c7c11e

You are correct that iXcoin is 12 days older than Namecoin.

[m00x!]

By the way, I wasn't trying to bash iXcoin or anything.  I actually like it.  I was just providing some data since the question came up about which came first.

[FrictionlessCoin]

By the way, I wasn't trying to bash iXcoin or anything.  I actually like it.  I was just providing some data since the question came up about which came first.

No harm in the truth.  The founder of iXcoin claims it to be the first alt-coin.  Which appears not to be entirely correct.

If however one claims that namecoin is sufficiently different from bitcoin to not be a clone, then iXcoin would be the first real clone of bitcoin.

At this time though,  iXcoin is different from bitcoin in that it is a merged mined coin which bitcoin is not.

Regardless, iXcoin has a lot of promise and we'll be working on new developments to exposed that potental.

[m00x!]

iXcoin has a lot of promise and we'll be working on new developments to exposed that potental.

Glad to hear it.

[FrictionlessCoin]

iXcoin has a lot of promise and we'll be working on new developments to exposed that potental.

Glad to hear it.

We're going to make Mastercoin and Protoshares/Bitshares look like a bad joke.

Let's be real here,  why re-invent the wheel when all the tried and tested technology already exists.

The only problem with Bitcoin in implementing these innovations is that it is now too expensive too build innovation on top of.

You think anyone would "print" their shares on top of a bitcoin that costs over $600 a share?!

If you want to buy in to innovation, IXC is already trading in the open market.   None of these bogus restricted buy ins from Mastercoin with ludicrous claims that there approach actually works.     These folks are in the experimental stage and folks have bet a fortune that what they're doing works.

[stdset]

You think anyone would "print" their shares on top of a bitcoin that costs over $600 a share?!

Do you think it's impossible to print their shares on top of mBTC, that costs 0.6 USD?

[FrictionlessCoin]

You think anyone would "print" their shares on top of a bitcoin that costs over $600 a share?!

Do you think it's impossible to print their shares on top of mBTC, that costs 0.6 USD?

Say we have a company with a typical 20 million shares out standing.

So if we go with you bitcoin solution using mBTC, it will cost 12 million USD to use bitcoin to distribute the shares.

What about an iXcoin solution using mIXC, it will cost 2,200 USD to get the IXC to distribute the shares using a crypto currency.

With bitcoin and iXcoin you can go down to 1 millionth of a coin ( the rest will be considered spam).

So let's go to to that level with shares.   1 millionth of a bitcoin is, 0.00065.  1 millionth of a iXcoin is, 1.1e-7. 
20 million shares (no fractional shares) costs $13,000 for bitcion.  20 million shares of iXcoin costs $2.2. 

Now we are talking about the price of bitcoin today,  if bitcoin continues to go up, it would be uneconomical to use bitcoin for smart properties.

[markm]

Namecoin squeaked by Ixcoin a few weeks earlier as the first altcoin.  But being the number 2 altcoin ain't bad either.

April 19, 2011 - Namecoin block 1
http://explorer.dot-bit.org/b/000000000036cba77f97fb033dd770830614e2e4f21b61abb0a893472d0bbbb5

May 7, 2011 - Ixcoin block 1
http://block.al.tcoin.info/block/000000000724b7650db4c9582fdb25cc302a85150976e371c1c4571a82ca846f

July 22, 2011 - Devcoin block 1
http://block.al.tcoin.info/block/000000002f751a5066b708d65240c63128183fb67e009027f52cac8a6eb4f81a

And GRouPcoin? (We ran GRouPcoin during development of devcoin so its genesis block obviously must have an earlier datestamp than devcoin's.)

I suppose we can pretend UKB, CDN, UNS, NKL, MBC, GRF, GMC and UNS never existed...

( See http://galaxies.mygamesonline.org/digitalisassets.html )

Along with weeds, BEER and other coins that used the multicoin codebase...

-MarkM-

[Pantagruel]

iXcoin - The Internet eXchange Coin (IXC)

developed in April 2011, after a long hibernation in development, has now been upgraded to the latest Bitcoin 0.8.6 code base.

In addition to the latest upgrades, the development team is now working in four promising areas:

(1) Micro-transactions - Permit micro transactions without the overhead.

(2) Armory wallet - The most advance secure wallet

(3) Colored Coins - Exchange financial instruments (i.e. Bonds, Stocks etc) using IXC

(4) Ripple Integration - Move IXC across exchanges with zero confirmation times.

These innovations will make iXcoin, the most advanced alternate crypto currency.

iXcoin was the first alternate crypto currency.   It will now become the most advanced alternate cryptocurrency.

It's an old coin, but how does it make it valuable ?

About "Colored coins"... There are already projects to implement this as a layer on top of Bitcoin's blockchain.

[FrictionlessCoin]

Namecoin squeaked by Ixcoin a few weeks earlier as the first altcoin.  But being the number 2 altcoin ain't bad either.

April 19, 2011 - Namecoin block 1
http://explorer.dot-bit.org/b/000000000036cba77f97fb033dd770830614e2e4f21b61abb0a893472d0bbbb5

May 7, 2011 - Ixcoin block 1
http://block.al.tcoin.info/block/000000000724b7650db4c9582fdb25cc302a85150976e371c1c4571a82ca846f

July 22, 2011 - Devcoin block 1
http://block.al.tcoin.info/block/000000002f751a5066b708d65240c63128183fb67e009027f52cac8a6eb4f81a

And GRouPcoin? (We ran GRouPcoin during development of devcoin so its genesis block obviously must have an earlier datestamp than devcoin's.)

I suppose we can pretend UKB, CDN, UNS, NKL, MBC, GRF, GMC and UNS never existed...

( See http://galaxies.mygamesonline.org/digitalisassets.html )

Along with weeds, BEER and other coins that used the multicoin codebase...

-MarkM-

Well, if you can resurrect these coins and get them traded in exchanges, then perhaps there's a chance.

[markm]

See http://galaxies.mygamesonline.org/digitalisassets.html

( The Digitalis Open Transactions Server thread is https://bitcointalk.org/index.php?topic=53329.0 )

-MarkM-

[FrictionlessCoin]

iXcoin - The Internet eXchange Coin (IXC)

developed in April 2011, after a long hibernation in development, has now been upgraded to the latest Bitcoin 0.8.6 code base.

In addition to the latest upgrades, the development team is now working in four promising areas:

(1) Micro-transactions - Permit micro transactions without the overhead.

(2) Armory wallet - The most advance secure wallet

(3) Colored Coins - Exchange financial instruments (i.e. Bonds, Stocks etc) using IXC

(4) Ripple Integration - Move IXC across exchanges with zero confirmation times.

These innovations will make iXcoin, the most advanced alternate crypto currency.

iXcoin was the first alternate crypto currency.   It will now become the most advanced alternate cryptocurrency.

It's an old coin, but how does it make it valuable ?

About "Colored coins"... There are already projects to implement this as a layer on top of Bitcoin's blockchain.

It is more valuable because most of the coins have already been mined and have already traded on the street.   Therefore the price is much more stable than a coin that was just create a few weeks ago or 6 months ago.  All these newer coins are still at an inflationary stage where miners can mine coins at next to nothing and sell at a profit on exchanges.   By contrast, iXcoin, it is very difficult to accumulate a sizeable stash of IXC.  

Yes, the problem with colored coins on top of bitcoin's blockchain is that bitcoin considers anything less than 5,400 satoshi as spam.  So to create bonds or shares on Bitcoin by consuming bitcoin is now prohibitively expensive and will continue to become more expensive over time.   However by contrast, doing so with iXcoin is economical.