Ixcoin.org back online

[steelhouse]

He did not hide he pre-mined.   Furthermore he gave away most in bounties.  Probably sold the rest.   It also shows bounties don't really work becasue after they received their bounty, 90% of the sites went down.   IXC has been around a long time, twith the difficulty low for believers to get alot of IXC even today with little mining power.  Unlike BTC where almost 5 million went to early adopters.  Most all IXC went to late adopters.  If anything we should shut down bitcoin.

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[doublec]

Most all IXC went to late adopters. 

If you define bitcoin early adopters as those who mined in the first year then IXC has no late adopters...

[kano]

He did not hide he pre-mined.   Furthermore he gave away most in bounties.  Probably sold the rest.   It also shows bounties don't really work becasue after they received their bounty, 90% of the sites went down.   IXC has been around a long time, twith the difficulty low for believers to get alot of IXC even today with little mining power.  Unlike BTC where almost 5 million went to early adopters.  Most all IXC went to late adopters.  If anything we should shut down bitcoin.

I keep hearing this bullshit about BTC early adopters.
Your quoting it completely out of context and thus showing complete bias against facts.

Yes those who went into bitcoin 'early' got more coins at an easier mining difficulty.
As could have you for the first year and a half bitcoin was around.
Bitcoin didn't reach difficulty 10 until block 52415 which was 15 months after it started.
IXCoin's current difficulty (block 39270) is 231.38719554
Bitcoin didn't reach that until July last year - after it had been around for 18 months.
Complaining about the so called BTC pre-mine is just being a whiny bitch about not getting into Bitcoin in the first year and a half - you only have yourself to blame.

IXcoin had 580k premined before ANYONE else could mine them - i.e. from before day 1.
Show me any proof that he gave 'MOST' of the 580k coins away ...
Last time I mined a block was 18-Sep and the block count was 21141 which meant that people who mined still only had a total of about 2million coins.
Since then only about another 1.8million coins have been mined.

[steelhouse]

He did not hide he pre-mined.   Furthermore he gave away most in bounties.  Probably sold the rest.   It also shows bounties don't really work becasue after they received their bounty, 90% of the sites went down.   IXC has been around a long time, twith the difficulty low for believers to get alot of IXC even today with little mining power.  Unlike BTC where almost 5 million went to early adopters.  Most all IXC went to late adopters.  If anything we should shut down bitcoin.

I keep hearing this bullshit about BTC early adopters.
Your quoting it completely out of context and thus showing complete bias against facts.

Yes those who went into bitcoin 'early' got more coins at an easier mining difficulty.
As could have you for the first year and a half bitcoin was around.
Bitcoin didn't reach difficulty 10 until block 52415 which was 15 months after it started.
IXCoin's current difficulty (block 39270) is 231.38719554
Bitcoin didn't reach that until July last year - after it had been around for 18 months.
Complaining about the so called BTC pre-mine is just being a whiny bitch about not getting into Bitcoin in the first year and a half - you only have yourself to blame.

IXcoin had 580k premined before ANYONE else could mine them - i.e. from before day 1.
Show me any proof that he gave 'MOST' of the 580k coins away ...
Last time I mined a block was 18-Sep and the block count was 21141 which meant that people who mined still only had a total of about 2million coins.
Since then only about another 1.8million coins have been mined.

Add up the mining rewards. https://ixcoin.org/wiki/index.php?title=Category:Bounties.  He probably sold the rest.  Nasakioto has been stingy on new bounties, thus most are probably gone.  He probably still has 300K or so from new mining.    There was no gpu mining in the beginning of bitcoin furthermore, the coin was not advertised.  Bitcoin should be shut down and a new bitcoin started to be fair.  I have nothing against bitcoin though that is just the way it worked out.  The rules of ixcoin are in place.  i0coin we don't even know how many will be in existence.  There is no faq on i0coin.  Someone changed about 5 lines of iXcoin code and started i0coin up.  With no faq or anything.  You can even mine ixc today, and get more coin in one day than you can get in one year mining btc.  But, unlike BTC, you know ixc exists.  It is your choice to mine it and promote it, just like the BTC guys.

Nasakiotos experiment on using bounties to promote ixcoin, imho was a failure.  Once people get the bounty, they can just walk away.

What I really want to know is the 48 i0c reward going to halve when it hits block 210,000?

[steelhouse]

What I really want to know is the 48 i0c reward going to halve when it hits block 210,000?

Code:

/Volumes/video/working/i0coin$ grep -r Subsidy i0coin-v32507-for_building/src/*
../i0coin/i0coin-v32507-for_building/src/main.cpp:    int64 nSubsidy = 48 * COIN;
../i0coin/i0coin-v32507-for_building/src/main.cpp:    // Subsidy is cut in half every 2 years
../i0coin/i0coin-v32507-for_building/src/main.cpp:    nSubsidy >>= (nHeight / 218750);
../i0coin/i0coin-v32507-for_building/src/main.cpp:    return nSubsidy + nFees;

Don't understand the code here.  I think COIN is 100,000,000.  But what is nHeight and what does the operator >>= do.  Is the nsubsidy halved every 218,750 blocks?  Since nsubsidy is an integer I suppose it truncates it to an integer.

[doublec]

Code:

/Volumes/video/working/i0coin$ grep -r Subsidy i0coin-v32507-for_building/src/*
../i0coin/i0coin-v32507-for_building/src/main.cpp:    int64 nSubsidy = 48 * COIN;
../i0coin/i0coin-v32507-for_building/src/main.cpp:    // Subsidy is cut in half every 2 years
../i0coin/i0coin-v32507-for_building/src/main.cpp:    nSubsidy >>= (nHeight / 218750);
../i0coin/i0coin-v32507-for_building/src/main.cpp:    return nSubsidy + nFees;

Don't understand the code here.  I think COIN is 100,000,000.  But what is nHeight and what does the operator >>= do.  Is the nsubsidy halved every 218,750 blocks?  Since nsubsidy is an integer I suppose it truncates it to an integer.

'nHeight' is the current block count. '>>=' is shift right and assign. Basically it divides the subsidy in half every 218,750 blocks. This isn't two years since i0coin has a different block rate time. It's about 230 days.

[steelhouse]

Code:

/Volumes/video/working/i0coin$ grep -r Subsidy i0coin-v32507-for_building/src/*
../i0coin/i0coin-v32507-for_building/src/main.cpp:    int64 nSubsidy = 48 * COIN;
../i0coin/i0coin-v32507-for_building/src/main.cpp:    // Subsidy is cut in half every 2 years
../i0coin/i0coin-v32507-for_building/src/main.cpp:    nSubsidy >>= (nHeight / 218750);
../i0coin/i0coin-v32507-for_building/src/main.cpp:    return nSubsidy + nFees;

Don't understand the code here.  I think COIN is 100,000,000.  But what is nHeight and what does the operator >>= do.  Is the nsubsidy halved every 218,750 blocks?  Since nsubsidy is an integer I suppose it truncates it to an integer.

'nHeight' is the current block count. '>>=' is shift right and assign. Basically it divides the subsidy in half every 218,750 blocks. This isn't two years since i0coin has a different block rate time. It's about 230 days.

Thanks.  This could make i0coin have very low inflation in only a couple years. In about 2 years the inflation rate will be about 3%. 

[hamburger]

Is the last that we hear of Thomas Nasakioto?

This was the last post on this forum from him and the last post on the Ixcoin site was on the 2nd December 2011.

He do not respond to any emails or message.

[steelhouse]

Is the last that we hear of Thomas Nasakioto?

This was the last post on this forum from him and the last post on the Ixcoin site was on the 2nd December 2011.

He do not respond to any emails or message.

Damn looks like he has pulled a Satoshi...

I think he will come back.  Maybe doublec can run a split if he does not come back by xmas or new years?

[Kumala]

Or we just leave it be and all focus on I0C.

[steelhouse]

Or we just leave it be and all focus on I0C.

IXC has never had a double spend attack or stopped.  Many want to kill it for some reason even though the difficulty for it has averaged higher than i0c for almost all of its history.   If anything I0C should be stopped.

[norulezapply]

I agree with kano.

I can't believe this guy is still posting.. I thought he'd given up this ridiculous "project" months ago. The guy can't even code!

[Nasakioto]

Hi guys,

Apologies for the delay. Anyway, I'm back.

Thanks for the submitted changes DoubleC. I will have time to look into these tomorrow and hopefully get something compiled and distributed.

Once it's all up and working, I'll send doublec the well-earned bounty.

Thanks for your patience guys.

[Nasakioto]

Attached are the Windows and Unix binaries for Ixcoin 0.3.24.3 which incorporates DoubleC's pull requests for merged mining and the 51% attack fix.

Unix binaries: http://dl.dropbox.com/u/38736424/ixcoin-3.24.3-dev/ixcoin-unix-0.3.24.3.zip
Windows binaries http://dl.dropbox.com/u/38736424/ixcoin-3.24.3-dev/ixcoin-win-0.3.24.3.zip

The 51% fix takes effect on block 43,000 and merged mining on block 45,000

Please test the binaries on your platform and let me know if you have any issues. Also, I welcome any coders to review the recent commits https://github.com/ixcoin/ixcoin/commits/master

If you prefer to build from source, please go to https://github.com/ixcoin/ixcoin

Once I've had some feedback, I'll release the builds on ixcoin.org & co. (or apply any corrections as necessary).

Thanks.




 

[doublec]

Seems to work, I've updated my nodes. I've also re-activated my ixcoin pool. Eventually i want to switch the pool to merge mine bitcoin/namecoin/ixcoin/i0coin when the chains become merge capable.

[Nasakioto]

Distro files are out: https://bitcointalk.org/index.php?topic=54977.0 for details.

[disclaimer201]

Hey, I have just started to happily mine IxC alongside btc,nmc, and dev coins. Is anyone still alive? The client works...

[ElectricMucus]

Hey, I have just started to happily mine IxC alongside btc,nmc, and dev coins. Is anyone still alive? The client works...

Betcha Nasakioto still has the private keys for his premine.

nuff said

[markm]

Yeah its still chugging along. You can merge in i0coins and groupcoins too quite nicely by the way.

-MarkM-

[disclaimer201]

Hey, I have just started to happily mine IxC alongside btc,nmc, and dev coins. Is anyone still alive? The client works...

Betcha Nasakioto still has the private keys for his premine.

nuff said

I don't care about the premined coins in this case. Supposedly gave some of them away to people even. I get the coins for free, which is a good start. It can be argued that most people didn't hear about Btc before it was mined by a few early adopters either. I know it isn't the same thing, but to me it doesn't matter who holds a large bunch of coins now. Since we live in pro-profit world, if those coins can possibly fulfill any purpose, let the dev have a big share in his invention.