Whereas there are currently ~580K Ixcoins (as of 10th August 2011) in existence and it is expected that all 21 million Ixcoins will have been
You announce your project today with ~580K coins already in existence?
A major portion of the 580K IXC have been set aside to promote and develop Ixcoin. For instance, see the
Bounties page.
Those bounties sum up to less than 200K. The rest is in your wallet.dat i guess.
Namecoin has at least a real purpose. But this? I don't know. Just because you can mine those coins faster doesn't mean anything. They will just be less worth. The next thing will be OMGcoin , all coins mined within a month.