Re: Ixcoin TODO

Bitcoin will inflate, they will add PoS, the 21 million hard cap will be raised, I've said this since last year, but for now they have not and neither will we, UNLESS it is absolutely necessary to keep the miners going, and in this case, given we have CEX on our board, it is NOT necessary.

I think you need to practical about this.

The subsidy runs out in October.

If after October, miners and pools drop IXC support, then we will have a complete debacle in our hands and there will be no fix for it.

I do not know what CEX plans for October are.

Will they accept zero subsidy or an alternative of 1 coin per block (or some other number, note there is also a halving event in a month... so instead of 96 coins, it'll drop to 48).

So there's a lot of dynamics going on here.

Look.... I don't have a lot riding on IXC. However, I am pleading... practically *begging* that there be some sanity be introduced before IXC falls off the cliff!

I really don't understand where this fear and panic is coming from.

We have the full support [for now at least] of the largest mining pool on earth.

THEY HAVE ALREADY STATED that they will mine iXcoin FOR FREE, with no additional subsidy necessary.

ZERO additional subsidy required.

Now all of a sudden, the sky is falling and we need to inflate - hurry, let's remove one of our biggest selling points.

Why? Where is this fear coming from - it is utterly baseless.

IF we lose the support of CEX.io we will then DO WHATEVER NECESSARY, including inflating, IF necessary.

But ONLY if necessary.

It would take but 1 day to change 1 line of code raising the max hardcap and adding the 1% inflation.

This debate is all really overblown [as we have discussed this already] and completely unnecessary.

Okay... if you got Jeffrey's word that IXC will not be pulled with zero subsidy. You have better be 100% certain about this.

I am perfectly fine with this scenario. Of course, it's just really weird that a single pool controls 100% of the coin.

That's exactly what I have been told. If things change we will then change our strategy as well.

I have a feeling if iXcoin becomes a player, a coin with a future, other pools will update as well, to remain competitive and to get fees.

This is why it's crucial we release a very good update this time around. Something incredibly useful and not just window dressing.

Other pools will follow the biggest pool, presuming there's something going on.

And it's not any more odd than 1 pool, barely 1 year old, controlling over 40% of Bitcoin.

We're very lucky to have CEX.io so let's make use of them for the best.

Edit: This is my biggest worry, that this Counterparty update will either be majorly flawed or very mediocre. Such an update would be a huge waste of time and make us look like idiots and that's a sure way to lose CEX.io.