Post
Topic
Board Announcements (Altcoins)
Re: [ANNOUNCE] Ixcoin - a new Bitcoin fork
by
EricJ2190
on 13/08/2011, 03:15:39 UTC
1/ Before investing in Bitcoin we were a bit uneasy about the prospect of early-adopters with massive BTC holdings possibly tanking the value of our investments by flooding the markets. I eventually dismissed this feeling, but several experienced investors we mentioned Bitcoin to kept bringing up that point. I don't have anything against early adopters profiting, because without them we wouldn't have the wonderful Bitcoin ecosystem we have today. It's just that I would prefer the value of my investment to not be dependent on a handful of early adopters with millions of BTCs. I prefer to spread my risk. We saw a trial-run of such a scenario with the MTGox episode.

It seems to me like Ixcoin is even more friendly to early adopters than Bitcoin. Its faster growth rate due to its larger generations combined with the large-scale mining at low difficulty are flooding its early adopters with easy coins. It has already reached a total of over 1.6 million coins distributed only a few days after going public.