Bitcoin Forum

Im mining mintcoin ATM, but i still want to get my hands on some NXT coin.
I like it that Mintcoin is more fair as far as distribution goes, since everyone has the chance to mine it rather than those who had money could buy a big percentage of the genesis block.
I dont like to have all my eggs in one basket, but there are so many altcoins, i dont have a clue what one to go for.

If you're searching for a fairly distributed coin then have a look at NEM.

I'd go for mint, NXT is turn off for me, I will continue to simply ignore it. I don't feel like putting the time and effort into looking into NXT to see if it is a worthwile investment. I'd rather just mine my mints and hodl.

Nxt.

What is Nxt? see: http://justpaste.it/nxt-introduction-4-journalists

colored coins? wouldn't this destroy the fundamental element of crypto currency (anonymity)?

check out Blackcoin.(0 premine)
Different approach to mining POS random 1% stakes occurs.

Mint is interesting only 4,5% premined compare to NXT and 100% premine.
They could start like others with POW on beginning for better distribution but they failed and few control mariolity at allmost 0 cost.
I wonder how much in rality it goes to Devs 30% of new coins(from 1nxt transactions) maybe more?
High price of NXT can kill that curency for trading transaction will rise to heaven if price of NXT will skyrocekt and unfourtunatly that will kill it.
This coin can be killed by it success.
Eg. 1 next costs 1$ do you want pay 1$ for transfer when something cost 20$ eg T-shirt ?
In long run success of NXT can cause it big fail it will be to expensive to use as regular currency :(
 

I don't get the argument that Mintcoin has more fair distribution than Nxt, as both require something to invest in the IPO. Nxt required BTC to get into the IPO. Mintcoin requires GPUs or scrypt ASICs to get into the IPO (to get a reasonable stake in the IPO at least.)

Both BTC and GPUs/Scrypt ASICs cost money. If anything Mintcoin is unfairly spread more so to GPU/Scrypt ASIC farm owners than to the rest of the community. Not everyone mines and has large mining farms... this still creates what someone could call an "unfair" distribution. Sure, with Nxt you had to pay BTC to be in the IPO, but still with Mintcoin you need to buy mining hardware or already have it. I don't see a big difference there...

IMO, most people claim Nxt is "unfair" because they didn't have the foresight to invest in the IPO and are somewhat envious that they missed the boat. For the record, I am one of those people... can't believe I missed out on Nxt.  >:(

But, I would not consider Nxt unfair... everyone had a chance to invest in it. It's akin to how some people call Bitcoin unfair due to early adopters getting rich...

PS: My answer to your question is NXT > Mintcoin. They got a nice head start and are leaps and bounds ahead of mintcoin as far as developing features on top of the base PoS algorithm. Although the method for distribution is different, Mintcoin looks like a copy cat of Nxt if you ignore that factor.

Unfortunately, when you ask a question like this you're really just asking people to steer you into buying the coin they want you to buy. You really need to research the different coins yourself. There is a lot of inaccurate information in this thread already.

I would invest in mint coin.

I would go with either two. I mean, with all these alt coins, I think it's best to stick with the top coins. Consider Nem coin when it comes out in a couple of months, it's starting out with 3,000 active stake holders, vs NXT 73. So it's subject to less manipulation, and the amount of people who have a stake means it's going to be pretty popular right off the bat. And buying at the beginning will give you the best returns, if my logic of it becoming big is correct. So look into that coin.

Edit: I have a Nemcoin stake, so take that into consideration.

Mint coin is good too. But already a few weeks old, that's why I think it's a good idea to wait and buy Nem when it's a few days old. But I like Mint coin.

Software development in NXT is very fast - faster than Bitcoin or any other altcoin out there. That's about the only reason I'm hooked into it.

Diversify and invest in both. Mintcoin market cap is a lot cheaper so has more room for future gains.

Just be sure to avoid the cheap clones eg NEM or Darkcoin etc.

Neither, but if you have to pick one go for Mintcoin.

go with mintcoin .... you wont get anything forging NXT unless you hold millions.
It's also very buggy, just go read their thread if you dare:
https://bitcointalk.org/index.php?topic=345619.0

Mintcoin will get you 20% first year.

None of them... Both have falling potential. Not being traded for bagrain prices = possible loss.

If you have to ask the question, I would advise you not to invest in either lol

Fast development :) sure but they have high intrest rate from 1NXT fees so they can afford to full time development.
Other coin consists mostly form volunteers like BTC so is hard to compare both sides.
But as i said what with that fees 1-nxt per each cut - nxt operating range.
Now 1 nxt price 0,5$ .
Transaction fee 0.5% of value is reasonable that is why Bitcoin is better over paypal,westernunion in sending money or  buying, selling items eg. prepaid cards.
In short for me that mean i need buy goods over 100$ to make it sense, in other cases i would like use some other coin with lower fees.
For companies 1Nxt fee every time is like throwing away money in world where everywhere they cut costs so real companies will avoid it.
The higher price NXT is the more useless that coin start to be in real life when it have 1nxt transaction fee.
Are nxt devs planing lower transaction fees or sth else to deal with that ?

IMO nxt version with stable 1% inflation annual but little fees is much more superior than 1nxt constant fee.
That transacion fee fee is bottle next for it :P.

What makes NEM fairly distributed? Just asking for info

mining started off and was originally envisioned with people using home computers to support the network, but an arms race ensued and now it takes large investments in computers that are searching semi-pointlessly to solve problems that don't really mean much.  that is a lot of wasted, energy, computer power, and electricity.  mining had a real necessity in the early days but now is a system grown out of control via greed.  coins are meant exactly to combat this kind of thing.  with an IPO or mining a party needs an initial investment to get in, but with an IPO person doesn't need a minimum 10,000 dollars as an initial investment, they can put in 100 or 5 or 5000.  which sounds better to a new person wanting to test the waters? cryptocurrencies only live on right now out of speculation, but at some point for them to live, they will need to live on because they are actually being used by real people daily.  NXT was a far more fair distribution in reality than bitcoin or probably most any other serious coin.  it also has a more environmentally sane way of maintaining the network, which goes back to the original intentions. 

In my opinion Doge,Mintcoin,PPC,BC,HBN,BCX and much more coins was better distributed than NXT OK eg. Mint it has 4,5% effective premine but NXT have 100%...
I don't know how that 100% was exactly distributed but i have rad that few investors took few bilns of NXT for 5 Btc.
Mayby they were even connected to devs, i don't know i never can be sure.
POW mining distribution is more transparent we have multipools, we have big farms they aim is ONLY convert BTC...
those miner are putting cheap coins on market and all can catch them.
Coins are getting hot more people are joying the party press is make even bigger attention look at DOGE all could join
and don't try even compare NXT to Doge distribution :D Doge is flawless in that matter.

If i compare Mintcoin and NXT in long therm i don't know for fairier distribution my vote goes to Mint.
If NXT main owners can hire 10 fulltime developers they can make unique features for sure but in long
run it looks like paying IT company for printing and maintaining digital money.

I will ask again what about that 1nxt transaction fee this is principal for nxt.
I some poor people want buy bread for 1$ and 1nxt cost 1$ he will pay 2$ in same time while can pay with BTC and it will cost much less 1.0001$
this is most interesting to me. How next will deal with that ? It looks like it can't handle real life currency principals.
No one want give me answer so far about that.

Nxt is not a clone ;)




_{and the decentralised asset exchange is about to be launched}

Jesus 1%?  Who would hold this shit?

In nxt development thread that has been discussed.They are aware the fee is currently super high.They were discussing between reducing it to .1 nxt or .01 nxt.I guess it will soon be reduced to .1,and in the future,when required if it gains value,reduced to .01 and further.

If you're looking for new coins, don't miss eXocoin and eMunie.

eXocoin had a very successful 1st phase of it's IPO, the 2nd phase will begin in a few days. eMunie will have it's IPO when the open beta 2 closes, maybe in a week.

NXT is the future!

Hmm I am holding and i will.I have considered risk connected with it.
1% this low inflation rate most money you will earn form fees in POS mining.
What is point with 10-20% inflation when your coin is use to speculative purposes and lose value 1%-30% daily/weekly.
In reality 1% or 10% inflation is worth shit here on floating markets it is only good for marketing but in reality this is bullshit and only brings your attention.
But coin with POS system 1% inflation is aimed in long BC have inflation rate like BTC in 20 years.
In wealth counties interest in bank is almost about 1%-2%annulal there is reason to use money and to keep them using around.
Best income from BC is mining are fees eg. i have 40k coins my annual income is 400 but yesterday i mined from fees 200...
Do you see difference in this model ?
With higher inflation rate you will mostly deal with kids who are for quick bucks they will dump coin fast as possible 1% is good it to attract only patient people.
I won't sell my fresh earned 200 coins i will rather donate some projects around coin, and backup Developer.
I will buy those cheap coins :) currently they are at mining price 1000sat but mining phase is over now smart stake holders will accumulate coins make it gain higher to higher prices. With inflation 20% is much more difficult to control price of coin, many quick bucks guys around and weak hands investors.
1% annual income for me is ok but i think that coin can be 5x or even more expensive in some time. Vertcoin or Darkcoin(similiar amout of coins) can cost 0,03;0,001 btc so we are currently in price range 0,00001 we have 3000x;100x rise potential i see that potential if you are not this is not my problem.

Lowering NXT fees is good choose but it will make it less valuable for POS miners in other hand.
You will need to make it more popular to be sure that amount of transactions is 0.1NTX then you need 10x more transaction to keep same lvl of minig.
But this is possible. Most goods is in range 1$-50$  so you need adjust price to 0.1% of transaction to make it sense in long run it should be adjusted automatically with NXT price on market.

Seems you guys don't understand NXT very well.
100% Premine cuz it is PoS and thats not called premine.

Only a few people hold the coins thats right. But look deep into there idea, this coin is THE ONLY coin which can survive in the future.

NEM seems to be very fair right? Exactly not! I am in a China altcoin discussion group and I know that 550+ share spots are claimed by them. So? Worse than Nxt I think. But many people LOVEs Nem. Btw, nem still need Nxt's code, so trace to root, NXT is still a unbreakable base of 2nd generation coin.

Choose Nxt and hold for a long time.

 With NXT its essentially the same thing as a 100% premine, even if its not that, being POS.
I still dont get the 1 NXT transaction fee, what if the value of these goes up to $25 per next coin?
I still think its not silly to invest in them, but there are that many darn coins out there, i dont know what ones will survive, i have more faith in dogecoin at the moment, i dont even see litecoin lasting long TBH.

"Only a few people hold the coins thats right. But look deep into there idea, this coin is THE ONLY coin which can survive in the future."

I gues you hold a lot of NXT, how you feel with that few initial owners of NXT decide of it if they sell all in panic you will get 0.
In long therm premine coins are more dangerous that usual coins look what was happened with PANDA...
You are giving absolute power of that coin to few people.
One big dump form them will almost kill your coin.
One exploit or bug in NXT code can kill it too look what is going on with BTC it also had some exploits how it hit market all we see now.


About fair start look at that how it looks should equal shares for all devs, IPO investors for all...
https://bitcointalk.org/index.php?topic=485425.msg5463044#msg5463044
I don't say it is perfect but far a way better than that what NXT did...and NEM distribution is much better too.
One mistake which was made by NXT was distribution for me.
Why i should trust few people holding most of next coin...

BTC and clones they are working on same code once one of them invent some crucial all can adopt it after some time.
IN long run BTC and their alts will best strong too on their side are thousands c++ programers who read code and updating it all time
their are looking for bugs,and exploits too it is hard to compare it to NXT.

The 1 NXT transaction fee will drop (somewhere between .01 NXT and .1 NXT at the moment) if/when NXT gains value. It's not a permanent thing.


If the people with a lot of NXT wanted to dump, don't you think they would have done so already? NXT has been steady around 8000-10k satoshi for the last month or so. If the only 2 remaining accounts with 50+M NXT wanted to dump and gain a few million $ they could do so. There are only a few accounts with over 10+M NXT and the rest of it is spread between the exchange accounts and the regular people, much different compared to when NXT was just released. When you have multiple dev's developing for NXT and creating websites, videos, articles, applications, alternative NXT clients, forums, a decentralized exchange, improving the NXT code, etc. in support of NXT I don't think it will go away any time soon.

All depends on situation.
Sometimes not only "investor can dump" some hackers can get rich account and then dump...
For fun, for money why not.In times when gox,btce were hacked i don't believe in security so much.
Some investors can argue each-other and then dump. With hard premine coin you are living on bomb and waiting what
or when will trier explosion. POS systems are defended by decentralization of stakeholders the more of them the better is for coin.
that is why i gave try BC,Mint probably in future NXT clones with fair start.
I wish best best NXT but for me is bit dangerous.

Well I own both so not to be biased, I have a decent amount of nxt coins and but I have more mint coins. Since nxt coin was initially distributed to the those contributed the twenty-one bitcoins, i understand why people are apprehensive about it. Since mint coin is fairly new, I think this will allow people to acquire more through its combined pow/pos. I think mintcoin will become more dominant in the future and right now I prefer mint-coin. Nxt coin is still is good investment and I'm sure the price will increase in future.

I got into mint at 0.00000008


how high will MINT go up to in next 3 months?

nxt all the way.

Here's my analysis on MINT, doesn't look too good for me https://bitcointalk.org/index.php?topic=497029.0

Comparing another alt with the ecosystem of Nxt? Seems legit.

MINT and NXT are different things.  MINTCOIN like ZEITCOIN is an useful coin to value deposit with PoS yearly rentability.  Here some calculus for ZEITCOIN, they simulate that you buy 2BTCs now and the rentability in the future with two situation:

Case 1: Price does not change (Theoretical rentability)
Case 2: Price x10 (first year), x5 (second year) and x2 (third year)

http://ejemplosbitcoin.com/images/RentabilityZEIT.png

The calculus are for ZEIT, but for MINT are very similar, the only difference is PoS percentages for MINT are 20% first year, 15% second year and 10% third year instead of 25%, 20% and 15%.

MINTCOIN and ZEITCOIN are long-term financial products, and NXT is a coin for daily use...

I wrote and article about this on my blog. It is in spanish, but you can see the numbers:

http://www.ejemplosbitcoin.com/nuevas-monedas-pos-como-deposito-de-valor/

What I think is nxt coin or nem will be the next coin

I think the same, NXT or NEM will be the daily cryptocoins, but MINT and ZEIT are interesting like value deposit products to long-term investment...

HAHA best part about mint and peminied coins from analis look :

"The developer of the coin mentioned here https://bitcointalk.org/index.php?topic=450381.msg5449543#msg5449543 that he will add a MINT/USD exchange, when the community contributes 5 million MINT. But wait? Doesn’t he own a 700 million premine? Isn’t the premine considered to be for exactly these kind of things. If you consider PoS, he could have minted 5 million in no time.
This is just a guess, but as the dev refuses to tell us about the whereabouts of the premine, I wasn’t surprised, if he has already sold off all his coins during the pump."

When dev don't  belive in own coin then who should ?

I have Mint,Zeit,BC % of intres makes inflation and that will make price drop over time , in long therm best coin for me is BC,NXT,NEM there wont be new coins only 1%BC year in same time MINT zeit will get +20% every year, LTC +20% BTC +10%... while NXT NEM 0% in long therm in pair organist other coin the best are those with low inflation NXT,NEM or even BC with 1% inflation are better choice their value should rise over time against coins which are being produced all time.
I can be wrong ofcourse.
Generally people can predict shit.

NXT without a doubt. People will forget MINT very soon, what's so special about it by the way? From the other hand NXT is real revolution, and loads of features coming soon like Assets Exchanges, Messages, Aliases and many more.

We will se sometimes to many features is not good.
In real life such thigs have trend to broke.
Look at cars the best in long run are thse who are simpliest easy to fix if somethings happened.
More features can couse bugs and all we know eg. Windows how much is /was bugs they relase SP all time are relased all time and they are finding new one also.
Sometimes i dont belive that 10 full time programers will ever release "coins" with perfect code.
More features more bugs. Look at Mtgox they wanted do something with mobile apps and their allmost die because of that.
NEW features are extremely dangerous note that just look at Mtgox one bug in program and such mess fpr all crypto.
Do you belive that NXT will be bug free :D muahaha :D it will never happened it is matter of time only !

*probable loss