Bitcoin Forum

Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: minacoin on May 06, 2014, 12:46:08 PM



Title: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: minacoin on May 06, 2014, 12:46:08 PM
MinaCoin
Specifications

Website
http://www.minacoin.com/

Specifications
  • Block time: 1 minute
  • Difficulty retarget: every block
  • Nominal stake interest: 1% annually
  • Min transaction fee: 0.0001 MNA
  • Fees are paid to miners
  • Total coins: 21 million
  • Min stake age: 8 hours, no max age


Targets (BETA)
- Coins will not be issued until June 1st
Win wallet 32-bit - http://minacoin.com/win-32.zip
Win wallet 64-bit - http://minacoin.com/win-64.zip
Linux wallet 32-bit - http://minacoin.com/linux-32.zip
Linux wallet 64-bit - http://minacoin.com/linux-64.zip
Mac wallet - http://minacoin.com/linux-64.zip



Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: gdw on May 06, 2014, 12:49:22 PM
how to get the coin???

I am the first, please send me some coins ??

thanks so much.


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: ayta on May 06, 2014, 12:52:28 PM
I don't know what is it .Need more info, Dev .


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: liutiaoming1 on May 06, 2014, 01:03:01 PM
The dev do not express it clearly


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: Kooness on May 06, 2014, 01:08:17 PM
Happy Children's Day!
See you June 1st!
Good luck!


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: Cashmenwa on May 06, 2014, 01:09:20 PM
how to get this?


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: italovers on May 06, 2014, 01:10:48 PM
what's meaning


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: liutiaoming1 on May 06, 2014, 01:14:18 PM
what's meaning

mean ipo


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: tobeaj2meraa on May 06, 2014, 01:15:14 PM
Minacoin


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: moooongish on May 06, 2014, 01:17:26 PM
what's meaning, how to distribute ?


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: jieroz on May 06, 2014, 01:18:26 PM
how to get some minacoins?  ::)


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: mastadonn on May 06, 2014, 01:20:21 PM
Ya, 100% pre mine, I'll take 10 million please.


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: grahvity on May 06, 2014, 01:23:11 PM
Load of bullion: new gold-backed bitcoin is a disaster in waiting

http://www.theverge.com/2014/5/6/5685660/do-not-buy-this-gold-backed-bitcoin-minacoin (http://www.theverge.com/2014/5/6/5685660/do-not-buy-this-gold-backed-bitcoin-minacoin)


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: ashour on May 06, 2014, 01:27:07 PM
I would like some minacoins  ;D


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: wangxiaochuan on May 06, 2014, 01:28:09 PM
Load of bullion: new gold-backed bitcoin is a disaster in waiting

http://www.theverge.com/2014/5/6/5685660/do-not-buy-this-gold-backed-bitcoin-minacoin (http://www.theverge.com/2014/5/6/5685660/do-not-buy-this-gold-backed-bitcoin-minacoin)

what do you mean???

the coin is scam??? ???


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: DishCatcher on May 06, 2014, 01:29:33 PM
expensive coins.
i doubt u can sell out.


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: escrowman on May 06, 2014, 01:32:12 PM
forget it , the dev go home already.


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: feifeiq on May 06, 2014, 01:32:56 PM
it is ipo in the homepage


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: aqlzf123 on May 06, 2014, 01:37:35 PM
Now a day too much, but liked the name .


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: mindact on May 06, 2014, 01:38:45 PM
yeah, 100% pos, but how to get the coin? Where is the dev???


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: Walter Rothbard on May 06, 2014, 01:50:22 PM
Is this the new gold backed altcoin that is in the news today?  If so - why not spell that out in the announcement?

A gold or commodity-backed cryptocurrency would certainly be an interesting innovation.  But what I would like to see is something like colored coins where arbitrary entities can issue coins on the blockchain which that entity pledges to redeem for a unit of metal - then all those issued currencies can float in value relative to each other and relative to the market's trust in the issuing authority's promise to redeem.

My understanding is there are two solid gold bars backing this currency, and I doubt those are going to be divided up for redemption.  If this currency isn't truly redeemable for gold I'm not sure it can really be called "backed" by gold.  Still reading, though, so maybe I don't understand it all, yet.


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: Walter Rothbard on May 06, 2014, 02:07:47 PM
Needs a more responsive website. :)


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: dmpotter on May 06, 2014, 02:35:03 PM
How would it work without miners?


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: mindact on May 06, 2014, 04:27:18 PM
Needs a more responsive website. :)

yes we need more details


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: dancupid on May 06, 2014, 04:44:39 PM
OK, I get it - it's satire.

You've just proven that it's impossible to create a backed cryptocurrency.

"The initial price of each coin is equivalent to 1mg of gold in our vaults."

As soon as 1 coin is worth more or less than this, we immediately know that 'backing' is impossible for any cryptocurrency.



Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: brian_nguyen on May 06, 2014, 04:54:00 PM
When will you plan to sell the gold?  :o :o :o


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: Walter Rothbard on May 06, 2014, 07:51:45 PM
Finally got to the website.

Quote
What is required to redeem the Minacoin for gold?

The gold will be held in trust and not redeemable.

So long, folks - this is not really backed by gold.  If I own an ounce of silver and 1000 Zimbabwean dollars, and sell you a Zimbabwean dollar, the Zimbabwean dollar is not "backed" by the silver that I own.  You might just as well claim that Bitcoin is backed by some other guy's gold in a vault - this backing is just as valid as the gold backing Minacoin is claiming.


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: Walter Rothbard on May 06, 2014, 07:54:53 PM
Quote
Myth #2: A single point of failure is created by the fact that it is not decentralized.

Minacoin is peer to peer, and it can be stored offline, traded without an exchange, and transported on paper. The lack of decentralization allows us to work closely with regulator to ensure the gold is secure and consumers are protected.

This does not make sense -citing a perceived advantage of centralization doesn't make this disadvantage a myth.


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: Phinnaeus Gage on May 07, 2014, 01:10:34 AM
Quote
Myth #2: A single point of failure is created by the fact that it is not decentralized.

Minacoin is peer to peer, and it can be stored offline, traded without an exchange, and transported on paper. The lack of decentralization allows us to work closely with regulator to ensure the gold is secure and consumers are protected.

This does not make sense -citing a perceived advantage of centralization doesn't make this disadvantage a myth.

IT'S NOT A MYTH!!! I'm the one that sold them the two 400-ounce bars of gold. I even have the receipt - laying around here somewhere - where I sold enough barn wood to purchase the gold.

FYI, they weren't bars of gold, but...

http://www.sights-and-culture.com/cruise/santorini/slide-akrotiri/data/images/dsc_2624.jpg

Minacoin is fun, buy right now, don't walk - run!


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: uiiiii888 on May 07, 2014, 01:32:48 AM
So interseting,I even don't know what you want to do


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: TinyBBC on May 07, 2014, 01:34:46 AM
You're kidding, no introduction, just send a post


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: lcharles123 on May 07, 2014, 02:51:14 AM
The first stable crypto? http://www.ahametals.com/bullion-new-gold-backed-bitcoin/


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: boenxia on May 07, 2014, 02:53:40 AM
we need more info about minacoin


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: ripplebtc on May 07, 2014, 03:03:08 AM
Counterparty Digital Asset company DigitalTangibleTrust makes Business Insider's Article:

"10 Most Promising Startups Building Stuff with Blockchain Technology"

http://www.businessinsider.com/10-most-promising-blockchain-companies-2014-5 (http://www.businessinsider.com/10-most-promising-blockchain-companies-2014-5)

— DigitalTangibleTrust aims to be a liquidity provider and marketing partner for hard assets that are difficult to monetize, but can be easily digitized into cryptocurrencies and then traded on any centralized or peer-to-peer exchange. Whether you are buying digital gold bullion from the United Kingdom or digital mineral rights in Texas, led by a cryptofinance and experienced marketing team in San Francisco, they are trying to push the edge of blockchain innovation building an investment portfolio that will consist of coins it has issued as ownership rights to these unique assets.  Since its humble beginnings in early 2014, in a short month they have thousands of hard assets in custody and appear determined to digitize all things.


DigitalTangibleTrust
http://www.digitaltangibletrust.com/

Trade 1/10 Troy Oz goldcoins on Poloniex
https://poloniex.com/exchange/btc_gold

FAQ
http://www.digitaltangibletrust.com/faq/


http://www.digitaltangibletrust.com/wp-content/uploads/2014/04/DTT_PoweredBy_XCP.jpg

Product and Service Updates April 29, 2014
Our mission is to digitize all valuable assets into the Counterparty platform and to build a trustless, yet reputable service that delivers unmatched ability to access asset markets, globally.

BitcoinTangibleTrust changes to DigitalTangibleTrust
We've changed our name and our website. We are now Digital Tangible Trust and we have soft-launched our updated website today. You may visit our new site at http://www.digitaltangibletrust.com.

For those who don't know us, we currently have digitized over $17,000 in precious metals assets on Counterparty in just 1 month.

we still have much work to do to help explain and educate the market about our value proposition. Thanks for the feedback from Matt Y and led_cd for the directions. We have more to come!


New Product: Netagio's Gold Bullion Coin
We now accept Gold Bullion purchases of 100g Swiss Gold into Counterparty Gold Bullion Coins with Netagio. You may read more about our partnership with Netagio here: http://www.digitaltangibletrust.com/blog/


The DigitalTangibleTrust Team
We are powered by XCP!
Cross Posted to Counterparty Forums: https://forums.counterparty.co/index.php/topic,203.0.html



Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: kololo on May 07, 2014, 03:04:14 AM
what's meaning, how to distribute ?
I want to ask the same question too.


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: suntek on May 07, 2014, 03:06:15 AM
There are more? For example, how distributed?


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: wisnon on May 07, 2014, 03:23:41 AM
How to participate?


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: goxed on May 07, 2014, 03:56:24 AM
it might become a classic P&D


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: steyast012 on May 07, 2014, 04:25:09 AM
100%Premined??? >:(


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: lihaidong198871 on May 07, 2014, 05:20:15 AM
I do not know what the dev is saying~


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: aways on May 07, 2014, 05:21:19 AM
what's meaning, how to distribute ?
I want to ask the same question too.
me too


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: bitcoinwonders010 on May 07, 2014, 07:23:31 AM
where can i buy some minacoins


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: superresistant on May 07, 2014, 11:53:14 AM

This coin do not aim to be a real cryptocurrency and therefore cannot exist because of regulation.

Forget it.


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: Icardi09 on May 07, 2014, 01:09:56 PM
I see their website, they already make an "IPO" there :
Get early access to Minacoin! Pre-order now!
1000 MNA = 0.09752836 / $ 42.30


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: ShXnot on May 07, 2014, 01:40:00 PM
i think this can be the meaning of Mina for those who are interested
http://en.wikipedia.org/wiki/Mina


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: lxxx on May 07, 2014, 01:48:59 PM
I do not know what the dev is saying~


yes, I saw the first post several times. but I do not understand.. :-*


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: lxxx on May 07, 2014, 01:50:06 PM

I see their website, they already make an "IPO" there :
Get early access to Minacoin! Pre-order now!
1000 MNA = 0.09752836 / $ 42.30

ho, my god, it is so not cheap. I think the coin is used to earn money, just for the purpose//


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: hotflame on May 07, 2014, 02:14:48 PM
it is too expensive,


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: Walter Rothbard on May 07, 2014, 03:32:29 PM
Quote
Myth #2: A single point of failure is created by the fact that it is not decentralized.

Minacoin is peer to peer, and it can be stored offline, traded without an exchange, and transported on paper. The lack of decentralization allows us to work closely with regulator to ensure the gold is secure and consumers are protected.

This does not make sense -citing a perceived advantage of centralization doesn't make this disadvantage a myth.

IT'S NOT A MYTH!!! I'm the one that sold them the two 400-ounce bars of gold.

You're absolutely right - that totally proves it!  I can't believe I missed that! :D


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: BitcoinNational on May 07, 2014, 03:45:18 PM
   
    Difficulty retarget: every block :D
    Nominal stake interest: 1% annually ;D
    Min transaction fee: 0.0001 Fees are paid to miners :'(
    Total coins: 21 million :D
    Min stake age: 8 hours, no max age ;)

Block time: 1 minute  >:( ??? 20sec yo


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: nesticely on May 07, 2014, 03:53:56 PM
How to divide the premined? ipo?? scam??? lol >:(


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: lemons on May 08, 2014, 02:24:46 AM
WOW!!!!   100%Premined


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: nxtonly on May 08, 2014, 02:41:46 AM
shit coin, devs don't even bother to give it a decent description.


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: brim on May 08, 2014, 06:13:40 AM
Looks very simple, dev how to allocate ???


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: xibeijan on May 08, 2014, 06:14:55 AM
This coin is backed by gold?   Strange.  I read the legals are not sorted out yet.  Is that true?


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: vovan115 on May 08, 2014, 06:28:58 AM
how to get some minacoins?  ;)


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: andwelly on May 08, 2014, 06:31:59 AM
It's too expensive, no one want!hope change give away.


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: verysogar on May 08, 2014, 06:46:12 AM
dev can you say more about your Minacoin?
I see nothing here


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: BitcoinNational on May 08, 2014, 05:42:37 PM
crickets

the sound of silence

DEVs?  

http://www.ahametals.com/bullion-new-gold-backed-bitcoin/
http://thecryptocurrencytimes.com/


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: rsx19 on May 08, 2014, 05:44:58 PM
id love some coin!


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: forber888 on May 08, 2014, 05:45:23 PM
I do not know what the dev is saying~


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: vict on May 08, 2014, 05:59:28 PM
We need more information. How is distribution?


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: minacoin on May 08, 2014, 07:05:32 PM
The coin will be released in a few weeks once we figure out a proper way to abide by regulation while issuing the crypto-currency.


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: Walter Rothbard on May 08, 2014, 08:27:41 PM
The coin will be released in a few weeks once we figure out a proper way to abide by regulation while issuing the crypto-currency.

Can you explain how the value is going to continue to hold after the coins are sold?  There is no authority that will promise to exchange coins for a fraction of the gold you have purchased, so why won't the value go to zero?


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: BitcoinNational on May 09, 2014, 09:52:59 AM
The coin will be released in a few weeks once we figure out a proper way to abide by regulation while issuing the crypto-currency.

Do not play the regulator game.

Change the words = save your ass from legal prosecution

"crypto-currency" becomes "electronically issued product coupons"

You sell "products" like any other business.  And the coin is the redeemption voucher.
Just like a gift card.  Same rules.  Keep it simple. 

As to us (potiential customers) demostrate in good faith that you

A.  Have and hold the good and it is secured by multiple 3rd parties
B.  Have and hold the cash or BTC to cover redeemption and it is secured by multiple 3rd parties
C.  Publish a very clear redeemption process, with the *option* to settle via epayment 'aka btc'.
D.  describe the "product" in very very exact detail

Coming clean and providing name and address of all liable partners.  Just like any business, if we know who you are and where you are it establishes trust.  And being that you are located in Canada and must conduct business under standardized legal terms is a big PLUS.


 


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: funyoung on May 09, 2014, 10:25:13 AM
still wait for the coins


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: dongbohui on May 09, 2014, 10:30:10 AM
It's that simple explanation? There is no application? ???


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: BigWait on May 09, 2014, 10:33:01 AM
Look like only can buy this coin


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: roguishur on May 09, 2014, 10:43:06 AM
100% Premined free or ipo?


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: hoks on May 09, 2014, 10:51:18 AM
The coin will be released in a few weeks once we figure out a proper way to abide by regulation while issuing the crypto-currency.

Can you explain how the value is going to continue to hold after the coins are sold?  There is no authority that will promise to exchange coins for a fraction of the gold you have purchased, so why won't the value go to zero?

so do not waste time here , find others.


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: superresistant on May 09, 2014, 02:24:17 PM

Keep watching for education & entertainment.

How to fail a business trying to regulate crypto and deregulate gold.



Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: rochere on May 09, 2014, 02:27:25 PM
how to get the coin


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: trainhappy on May 09, 2014, 02:28:44 PM
sorry, where can I know how to get the coins?


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: trainhappy on May 09, 2014, 02:31:07 PM
It's a shit!
I found the distribution model on its shit website.
We need buy the shitcoin with a rate 1shitcoin/0.04dollar.

Total scam!


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: sunshine007 on May 09, 2014, 03:04:41 PM
the dev must explain the details, or i don't understand how to get the coin.


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: Thekitten on May 09, 2014, 03:44:18 PM
I would like some minacoins


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: minacoin on May 09, 2014, 03:48:57 PM
The coin will be released in a few weeks once we figure out a proper way to abide by regulation while issuing the crypto-currency.

Can you explain how the value is going to continue to hold after the coins are sold?  There is no authority that will promise to exchange coins for a fraction of the gold you have purchased, so why won't the value go to zero?

We will purchase the coins back for the value you paid and we love to purchase it at a discount if people decided to sell it close to zero.


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: TheMightyX on May 09, 2014, 03:50:52 PM
Is this the new gold backed altcoin that is in the news today?  If so - why not spell that out in the announcement?

A gold or commodity-backed cryptocurrency would certainly be an interesting innovation.  But what I would like to see is something like colored coins where arbitrary entities can issue coins on the blockchain which that entity pledges to redeem for a unit of metal - then all those issued currencies can float in value relative to each other and relative to the market's trust in the issuing authority's promise to redeem.

My understanding is there are two solid gold bars backing this currency, and I doubt those are going to be divided up for redemption.  If this currency isn't truly redeemable for gold I'm not sure it can really be called "backed" by gold.  Still reading, though, so maybe I don't understand it all, yet.

For someone with such a high post count I find it suprising you are so lacking in knowledge of current protocols.

What you are describing has already been achieved in Counterparty (XCP) and again in the Mastercoin protocol (MSC).

It's also being developed for NXT (but who cares about that).


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: TheMightyX on May 09, 2014, 04:12:52 PM
Thought you guys might like to hear a post I made on the last supposed gold-backed coin:

Quote
Anyone who suggest bitcoin should be backed by a "real" asset like gold is gravely misunderstanding the situation.
Backing injects counterparty risk, because a specific person or entity must be obligated to fulfill the backing.
Backing requires a backer.
Bitcoin does not need backing, because it is a digital commodity that is valuable itself. It is valuable in large part because it carries no physical burdens or constraints.
It is this lack of physical backing that allows it to move anywhere instantly at near zero cost.

-Erik Voorhees, bitcoin conference 2013

Thought you might like a shred of intelligence sprinkled onto your crap dinner.
This is a step backwards in evolution. The gold will be secured under the developers name (as it legally has to, it cannot be registered to Mr.Anonymous).
There is nothing stopping him from running off with all the gold whenever he pleases.

Guys, I understand you want to protect yourself in the event your investments become worthless, I do.
I've taken quite a few losses on coins myself.
But this is not the way forward.


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: fandexinse on May 22, 2014, 03:17:24 PM
How to participate? This project allocation is very good!


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: yaoxin on May 22, 2014, 03:36:12 PM
seems like a hot coin .so many people care it


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: eastwind_ja on May 31, 2014, 01:06:32 PM
It's 06.01 tomorrow ,how to apply coins ,,expecting.


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: eastwind_ja on May 31, 2014, 01:07:57 PM
It's 06.01 tomorrow ,how to apply coins ,,expecting.
So many days ,no people care this coin , why ,   Is dev here??


Title: Re: [ANN][MNA] Minacoin | 100% POS | 100% Premined
Post by: man nurse on June 17, 2014, 08:08:54 AM
Coin has not yet been launched, dve to disappear. :P