I0Coin is a SCAM

[Technocrat]

doublec makes some nice profit off transaction fees, I wonder if he would make more or less off a direct trade. Interesting...

0.2% is not a large fee. The i0coin exchange made 3 bitcoins since opening in fees. I'm not sure that qualifies as 'nice profit'.

I think 0.2% is a very fair fee.
You need to implement some kind of Tobin Tax.
Otherwise someone with a large number of coin will sell small amounts to themselves raising the market price and creating a false demand for the coins before unloading their stash to unsuspecting buyers.

[1714182330]

1714182330

[1714182330]

1714182330

[bcpokey]

I never said that your fees were unfair or overlarge or anything. I merely said that exchanges make money of the transaction fees running through them, and that can create a disincentive to create a direct trade (ixc -> btc -> i0c is an extra double over ixc -> i0c), I never said I blamed your nor that you deserve more or less.
No need to get defensive though, no one is blaming you, I'm sure we're all thankful for your quick creation of usable exchanges.

[caston]

Although those few with the big rigs and shortest latency did get WAY more coins than anyone else, software made a difference for getting them in the first few hours also.

I've mentioned a few times that I use cgminer.
I got seven 1 share blocks in the first 33 minutes (my first was around 90 seconds from the start) with a 710Mh/s rig
Also my latency is just over 200ms
Rig network: PowerLine to Gigabit router (amber: 50-80Mbit), then Gigabit to linux router, then 100Mbit to switch then 100Mbit to ADSL router then 800Kbit to the internet ...)
So software choice clearly makes a difference too.

P.S. can everyone stop feeding the 'troll' and he will hopefully go away
(I'm not referring to anyone in this post of course)

Thank you. I'll stop trolling now. At least for today anyway. I'm no richer but I'm a little wiser and I have enough answers now. I'm now running CGminer. Thank you.

[kano]

As I said, I wasn't referring to anyone in my post (and that includes you) ...
it's that other person that a few people can't ignore and must continually post about and create threads about.
If everyone ignored him he might go away, grow older and die

[smoothie]

As I said, I wasn't referring to anyone in my post (and that includes you) ...
it's that other person that a few people can't ignore and must continually post about and create threads about.
If everyone ignored him he might go away, grow older and die

Who Oldminer? 

[wolftaur]

Who Oldminer? 

You mean Dipshitminer. Face it, the real reason we know not to touch ixcoins is that even if we believe the creator meant his hundreds of thousands of initially-mined-coins to be a bounty for improvement...

By not modifying the code to simply assume the fee for block 1 was 500,000 coins, he proved he doesn't have nearly enough of an understanding of how the system works to be able to make a dependable crypto currency. If he can't even make 500,000 coins in one block rather than mining for months, he does not have any of the knowledge or experience to "improve" bitcoin.

Not only was it just a copy, its "goals" were fulfilled in the stupidest possible way... because the great thing about open-source is you can modify the code to do things different...

Assuming you know the first thing about what you're doing. Ixcoins clearly isn't an example of knowing what you're doing...

[PatrickHarnett]

I0coin: Last Price:   0.00161731
Ixcoin: Last Price:   0.00145000    

Page me with this in 2 weeks from now...

Stumbled over this - out of curiosity, a week later . . . .

I0coin: Last Price:   0.00056108
IXcoin: Last Price:   0.00119994

[smoothie]

I0coin: Last Price:   0.00161731
Ixcoin: Last Price:   0.00145000    

Page me with this in 2 weeks from now...

Stumbled over this - out of curiosity, a week later . . . .

I0coin: Last Price:   0.00056108
IXcoin: Last Price:   0.00119994

Not like anyone is invested in i0coins. The point is that ixcoins are worthless and Thomas Nasakioto and Oldminer are scammers wanting people to invest into their bullshit currency.

[Oldminer]

Stumbled over this - out of curiosity, a week later . . . .

I0coin: Last Price:   0.00056108
IXcoin: Last Price:   0.00119994

Yea and not only that but it also appears ioucoin is actually a dead duck LOL https://bitcointalk.org/index.php?topic=36425.msg479132#new

Didn't last long..but then, I did say it had no future from the outset.  

R.I.P. iocoin

EDIT: Actually I just had a thought. IOcoin was created as a joke and I couldnt help but notice the analogy ie: its like a new joke thats initially funny. The joke is passed around and its still funny. But after a while the joke gets tired, and stale, and eventually no-one laughs at it anymore. Then the joke dies and no-one tells it anymore. And eventually the joke is completely forgotten! 

[smoothie]

Stumbled over this - out of curiosity, a week later . . . .

I0coin: Last Price:   0.00056108
IXcoin: Last Price:   0.00119994

Yea and not only that but it also appears ioucoin is actually a dead duck LOL https://bitcointalk.org/index.php?topic=36425.msg479132#new

Didn't last long..but then, I did say it had no future from the outset  

Interestingly enough so is ixcoin's future.

So your support for ixcoins is fail. LOL

[Oldminer]

Stumbled over this - out of curiosity, a week later . . . .

I0coin: Last Price:   0.00056108
IXcoin: Last Price:   0.00119994

Yea and not only that but it also appears ioucoin is actually a dead duck LOL https://bitcointalk.org/index.php?topic=36425.msg479132#new

Didn't last long..but then, I did say it had no future from the outset  

Interestingly enough so is ixcoin's future.

So your support for ixcoins is fail. LOL

Really? LOL...just make sure that on 1st September you mine then SELL quickly (like you usually do Mr. 'Pump 'n Dump') and I will be waiting with my BTC in hand...  

[smoothie]

Stumbled over this - out of curiosity, a week later . . . .

I0coin: Last Price:   0.00056108
IXcoin: Last Price:   0.00119994

Yea and not only that but it also appears ioucoin is actually a dead duck LOL https://bitcointalk.org/index.php?topic=36425.msg479132#new

Didn't last long..but then, I did say it had no future from the outset  

Interestingly enough so is ixcoin's future.

So your support for ixcoins is fail. LOL

Really? LOL...just make sure that on 1st September you mine then SELL quickly (like you usually do Mr. 'Pump 'n Dump') and I will be waiting with my BTC in hand...  

Keep waiting man. I'm never gonna mine dixcoins especially if all it is is a copy cat release.

Just keep waiting with your btc in hand.

lol

[Oldminer]

Stumbled over this - out of curiosity, a week later . . . .

I0coin: Last Price:   0.00056108
IXcoin: Last Price:   0.00119994

Yea and not only that but it also appears ioucoin is actually a dead duck LOL https://bitcointalk.org/index.php?topic=36425.msg479132#new

Didn't last long..but then, I did say it had no future from the outset  

Interestingly enough so is ixcoin's future.

So your support for ixcoins is fail. LOL

Really? LOL...just make sure that on 1st September you mine then SELL quickly (like you usually do Mr. 'Pump 'n Dump') and I will be waiting with my BTC in hand...  

Keep waiting man. I'm never gonna mine dixcoins especially if all it is is a copy cat release.

Just keep waiting with your btc in hand.

lol

LOL

Btw, I made a post over at ixcoin forums about your precious iocoin. Thought you might like an entertaining read... 

https://ixcoin.org/forum/index.php?topic=79.0

[smoothie]

Stumbled over this - out of curiosity, a week later . . . .

I0coin: Last Price:   0.00056108
IXcoin: Last Price:   0.00119994

Yea and not only that but it also appears ioucoin is actually a dead duck LOL https://bitcointalk.org/index.php?topic=36425.msg479132#new

Didn't last long..but then, I did say it had no future from the outset  

Interestingly enough so is ixcoin's future.

So your support for ixcoins is fail. LOL

Really? LOL...just make sure that on 1st September you mine then SELL quickly (like you usually do Mr. 'Pump 'n Dump') and I will be waiting with my BTC in hand...  

Keep waiting man. I'm never gonna mine dixcoins especially if all it is is a copy cat release.

Just keep waiting with your btc in hand.

lol

LOL

Btw, I made a post over at ixcoin forums about your precious iocoin. Thought you might like an entertaining read... 

https://ixcoin.org/forum/index.php?topic=79.0

lol my precious? Like Lord of the Rings?

I don't even own any i0coins. lol

[Oldminer]

lol my precious? Like Lord of the Rings?

I don't even own any i0coins. lol

Ah wait, but you raved about how much better it was than ixcoins. Yet here we are less than 2 weeks later and its in the bin?

[smoothie]

lol my precious? Like Lord of the Rings?

I don't even own any i0coins. lol

Ah wait, but you raved about how much better it was than ixcoins. Yet here we are less than 2 weeks later and its in the bin?

So are ixcoins. Your point?

[Oldminer]

lol my precious? Like Lord of the Rings?

I don't even own any i0coins. lol

Ah wait, but you raved about how much better it was than ixcoins. Yet here we are less than 2 weeks later and its in the bin?

So are ixcoins. Your point?

LOL...you play the part well. I'll give you that. 

[smoothie]

lol my precious? Like Lord of the Rings?

I don't even own any i0coins. lol

Ah wait, but you raved about how much better it was than ixcoins. Yet here we are less than 2 weeks later and its in the bin?

So are ixcoins. Your point?

LOL...you play the part well. I'll give you that. 

Um ok?

[ama]

I did see a link to a blockexplorer posted somewhere, did not save it though.

http://blockexplorer.sytes.net/

[ama]

Is there currently a block explorer for people to examine  when mining began compared to when the first link was posted on the forum?

http://blockexplorer.sytes.net/