I'm not sure what the fuss is about with the premine. If I was thinking long term to support my coin I wouldn't spend it all the first month of existence. You need to be smart with your funds and not find yourself having to borrow money in the next couple of months for future development.
It's about transparency . Being transparent is being honest. Since they are not being transparent it's safe to assume they are being dishonest ie. selling for BTC for their own pockets. Exactly. I've sold off half my Mintcoin now cos this is not a good sign from silent dev on the premine. All we are asking for is a list of what has been spent so far. If there is one thing this community hates it's premines and no transparency. Guaranteed this will be called scam coin if it succeeds now. Why you didn't sell all your Mintcoin if you think like this? Anything I have left in Mintcoin now is spare profit so it won't hurt me much if it goes down. I've actually put a bunch of my mintcoin into black coin. It's very similar and has just gone into pure POS mode today. And look how they list their bounties: |
|
|
|
I'm not sure what the fuss is about with the premine. If I was thinking long term to support my coin I wouldn't spend it all the first month of existence. You need to be smart with your funds and not find yourself having to borrow money in the next couple of months for future development.
It's about transparency . Being transparent is being honest. Since they are not being transparent it's safe to assume they are being dishonest ie. selling for BTC for their own pockets. Exactly. I've sold off half my Mintcoin now cos this is not a good sign from silent dev on the premine. All we are asking for is a list of what has been spent so far. If there is one thing this community hates it's premines and no transparency. Guaranteed this will be called scam coin if it succeeds now. |
|
|
|
When do you guys think a mint-usd market is formed?
We can have it any time, this is just a question of price. If the community wants to pay to get it sooner, it's up to you guys! How much? Lets see if we can get some donations going if it's not too costly. We won't disclose the price, but if the community gives 5M Mint, we will happily pay for the rest. (This is at the current price, of course, if the price goes up, less is needed) Remember, we don't ask for anything regarding that, it's just up to you, and the more you give the faster it will happen, because we may choose to pay with less than that. I know you guys are doing an awesome job at managing this coin but you guys premined for a reason right? Why don't just spend a measly 5 million out of your massive 700 million premine for such an important thing. Mintcoins would become independent from Bitcoin once we have a Mint/USD exchange. Try to explain why the community has to pay for this? I have been posting repeatedly in this topic that the dev needs to give us a transparent list on what the pre-mined funds have been spent on. So far only 1 million of the 699 million MINT has been accounted for. I'm guessing since the dev says 5 million MINT is needed for a mint-usd market that most of that 699 MINT was dumped for BTC. I think that's a fair assumption. hahaha, there's no logic in that, why would we be there if that was the case? We just find the price asked is too much. Period. We use the coins wisely, and we want to develop MintCoin on the long term. Period. Then give us a list of what the pre-mined MINT have been spent on. Why is that so hard to do? Enough people have asked about it. |
|
|
|
When do you guys think a mint-usd market is formed?
We can have it any time, this is just a question of price. If the community wants to pay to get it sooner, it's up to you guys! How much? Lets see if we can get some donations going if it's not too costly. We won't disclose the price, but if the community gives 5M Mint, we will happily pay for the rest. (This is at the current price, of course, if the price goes up, less is needed) Remember, we don't ask for anything regarding that, it's just up to you, and the more you give the faster it will happen, because we may choose to pay with less than that. I know you guys are doing an awesome job at managing this coin but you guys premined for a reason right? Why don't just spend a measly 5 million out of your massive 700 million premine for such an important thing. Mintcoins would become independent from Bitcoin once we have a Mint/USD exchange. Try to explain why the community has to pay for this? I have been posting repeatedly in this topic that the dev needs to give us a transparent list on what the pre-mined funds have been spent on. So far only 1 million of the 699 million MINT has been accounted for. I'm guessing since the dev says 5 million MINT is needed for a mint-usd market that most of that 699 million MINT was dumped for BTC. I think that's a fair assumption. |
|
|
|
Cany anyone list all the differences between this and peercoin?
Peercoin is a mixture of proof of work and proof of stake for mining. Mintcoin will be 100% proof of stake in less than two weeks now. Eventually one day Peercoin will switch over to 100% proof of stake, but no-one knows when... probably not for a long while. |
|
|
|
It would nice to get confirmation from the dev that the 1% premine is actually being used for things transparently and isn't just being dumped for BTC to fund development on his mintpal exchange.
I for one can confirm that he has send 250 000 for the design work i have done and another 500 000 for the Blog about Mintcoin giveaway. I also know about other people that have also recievend good amounts for the work they have been doing. So if you ask me, devs are spending the pre mine as anounced and fair. That's less than a million MINT accounted for. What about the other 699 million MINT? This should be done transparently. A simple list of all the bounties and the users and addresses the MINT was sent to. Not behind closed doors and scattered amongst different forums. Clearly the dev is competent at organising information as we can see from the original post which is getting updated regularly, why can't he list everything that has been spent? Well you can think what you want, i am happy with what the devs and the extendet dev team is doing. And this is 1 milion to ONE person, i never said this is ALL that was given away. 699 million MINT still unaccounted for. Dev needs to list what has been spent and on what. And what is left. Very simple imo. He's gone into staggering detail updating the original post so I don't see why he can't spend 5 minutes making that list. It's no good sticking our heads in the sand on this one, the bigger MINT gets the bigger this premine is going to be an issue. If it's not done transparently it's going to be a big problem, anyone who argues otherwise doesn't know the crypto community and how it reacts to premines. |
|
|
|
It would nice to get confirmation from the dev that the 1% premine is actually being used for things transparently and isn't just being dumped for BTC to fund development on his mintpal exchange.
I for one can confirm that he has send 250 000 for the design work i have done and another 500 000 for the Blog about Mintcoin giveaway. I also know about other people that have also recievend good amounts for the work they have been doing. So if you ask me, devs are spending the pre mine as anounced and fair. That's less than a million MINT accounted for. What about the other 699 million MINT? This should be done transparently. A simple list of all the bounties and the users and addresses the MINT was sent to. Not behind closed doors and scattered amongst different forums. Clearly the dev is competent at organising information as we can see from the original post which is getting updated regularly, why can't he list everything that has been spent? |
|
|
|
|
It would nice to get confirmation from the dev that the 1% premine is actually being used for things transparently and isn't just being dumped for BTC to fund development on his mintpal exchange.
|
|
|
|
|
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.
|
|
|
|
|
Mintcoin differs from POS coins like Peercoin because it's 100% proof of stake in two weeks, making it much more energy efficient.
It's like a bitcoin style version of NXT in that regard, but with a fairer distribution.
Market cap of mint now is 4 million. It will easily get to 15 million once the mining stops in 2 weeks pretty much by which point that will be 20 billion coins on the market.
|
|
|
|
|
Can we not change from a blockchain to a blocktree?
A recently written paper suggested if Bitcoin turned to this approach the transaction times could be reduced to less than 10 seconds, if i recall correctly.
|
|
|
|
Check out the forums if you have not already - mintcointalk.com. Halving tomorrow  , expect prices to rise. Approximately at what time, do you know? mintcoin.cc |
|
|
|
Hello there MintCoin community. What a ride the last 24 hours have been! We are all feeling pumped aren't we?
I just sold all my MintCoin today, there has been so much volume come through driving up this price the last 24hrs (420+ Bitcoins or $240,000 cash money) that it is simply unsustainable. A quarter million dollars of mostly buys is certainly likely done by a big player or syndicate. If it is a true long-term investor, he will not keep buying this way as he knows he has inflated his buy price to obtain such a huge amount of coins. If it is a 'pump-n-dump' scam group like Wolong that the crypto-lemmings are so fond of, well, then things could get pretty ugly.
Exactly the same thing happened with Vertcoin when it was around the same market cap (1 million dollars). It then exploded up to $7 million dollars market cap in 3 days when it was added to more exchanges. This coin also has the added advantage of sharply decreasingly block rewards which will limit miners dumping each week plus it will promote the belief that the price will rise as the coin becomes rarer. I've been in this community a long time. I know a snowballing coin when I see one. You clearly don't. With the rapidly decreasing reward, the value of early mined coins will become extremely valuable in comparison to when they were first mined. Meaning this coin is very prone to pump n' dumps which is precisely what's happening right now. Up 250% now since my post there in bold. Just posting this so people know who you should listen to around here. |
|
|
|
Someone commented in the coinmarket.io thread that they pulled some of their low MINT sell orders but the order page hasn't updated. Meaning most of those low sell orders you can see have likely long been pulled. I see this coin as a Bitcoin-style NXT, but with a fairer distribution. Interesting, I sold all of my NXT when I figured out it would never forge anything even though I had nearly 20K. Luckily, I was able to sell for more than I bought in for. I think it's got some great features but the distribution strategy is highly flawed and will inhibit widespread adoption. I believe I shall give MINT a try since it seems to resolve that issue and also has green mining, which I see as two key features for any coins going forward. I agree. I still have a bunch of my NXT but I see MINT capturing the imagination of the community much more than NXT has because the spirit of this community thrives on fair distribution and equal opportunity. |
|
|
|
The main reason MINT on mintpal is so high is because coinmarket is down. It's much easier to manipulate one exchange than 2.
You are an enormous retard. |
|
|
|
|
It's going to be interesting seeing how this coin unfolds. They way the rewards are structured to sharply drop off and then switch to 100% proof of stake should make for some significant price rises. I can imagine even the people who don't "believe" in the coin and just want to make money, will buy it to ride the pump upwards. Because it seems a foregone conclusion we have big rises ahead of us.
I see this coin as a Bitcoin-style NXT, but with a fairer distribution.
Economics aside we also have a great marketing edge over Bitcoin, Litecoin, Dogecoin etc - 100% proof of stake mining means no wasted energy on calculating endless hashes.
|
|
|
|
|
I'm sure we'll get a good answer. Judging by the robust mintcoin exchange mintpal.com this coin is clearly a lot more than the average pump and dump coin.
|
|
|
|
I will be running a $500 Mintcoin marketing campaign, starting on Reddit. If there are any particular subs I should be aiming for, let me know. Bear in mind subs like Bitcoin and Litecoin have their ad slots full for the foreseeable future.
The dogecoin reddit has a lot of fresh cryptocurrency blood coming into it. Maybe try some there. Good idea. I'll also try the peercoin subreddit as others suggested. |
|
|
|
|
I will be running a $500 Mintcoin marketing campaign, starting on Reddit. If there are any particular subs I should be aiming for, let me know. Bear in mind subs like Bitcoin and Litecoin have their ad slots full for the foreseeable future.
|
|
|
|
|
Show Posts
