Post
Topic
Board Altcoin Discussion
Re: Ixcoin TODO
by
jamaer
on 18/05/2014, 08:11:50 UTC
the competitive advantage of a well, fair and evenly distributed coin is rare, crucial and takes a long time to accomplish![/b][/i]
This is why I was (still am, but I doubt F is ready to implement it) proposing the CP implementation such that the metacoin (IXCP) is created with the "spin-off" mechanism. Every owner of IXC would get their share. Nobody could claim that's not fair. Other altcoins can not copy the mechanism as their coins are either immature (too young) or suffer from initial IPO (POS coins) in that respect. And if the "distribution block" would be announced well in advance, anyone wishing to get on board with CP-IXC would still have time to buy IXCs from an exchange. That would benefit IXCoiners with no interest in CP even before IXC-CP is launched!

There is an additional side effect of the proposal. The IXCPs would be distributed to real IXC addresses. That means that anyone holding their IXCs in a mining pool or in an exchange wallet at the time of the distribution would be effectively donating their IXCPs to the strorage owner. I guess lots of IXCPs from miners who don't care would end up to the mining pools. Another incentive for mining pools to keep mining after the block reward goes to zero (they want to secure their large amounts of IXCPs).

It occured me that the time when the block reward goes to zero is approaching pretty soon (what block is it? What's the estimated time?). That would be a nice time to launch the CP with my proposal (all IXCs in circulation!).