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He still hasnt posted this on the other PoS coin's forums yet (the ones that are currently more valuable, established, and have more to lose), even after I reminded him to if he really believes what he is saying. all he has to do is copy and paste his post.
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He don't know. HE KNOW FUD
If you have more coins you get the blocks sooner, so to do 60 mints in a row is near impossible. wrong, you generate a PoS block as soon as you hit 20 days condition, the only limiting factor is whether your block is accepted quick enough to not become an orphan, in which case your wallet would try again If it is an orphan, then you aren't getting the bloack are you? |
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i have discovered a flaw with current PoS implementation
you can easily do a 51% attack with PoS blocks without needing large holdings
since PoS blocks are generated on a coin age basis, you could create TXO's delayed by a time offset at the minimum TXO cost for a future attack period
so after creating 10000 TXO of 1 MINT separated by 0.5 seconds to make sure 60 consecutive blocks are generated at repeated interval by your wallet 20 days in the future, the attack would last 1 hour and 40 minutes
enough to put the security and function of a coin in question
couple that with the fact the difficulty calculation includes PoS blocks, that would mean difficulty would jump to stratospheric levels making it impossible to mine PoW blocks
If you really believed this, then how come you have only told it to the Mint and Zeit community? |
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I will be buying more MINT tonight. and hope the price is low on april 1st. thats when i get paid  Yes, MINT prices will rise in a few days Such a low price to buy MINT is wise! Good luck. Yeah, I agree. The build pressure built up so quickly. Something is brewing or there is a lot of interest now. This could get interesting this weekend  Tomorrow is the thunderclap as well sign up for it if you haven't already! https://www.thunderclap.it/projects/9388-free-mintcoin-giveaway |
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...I have a question I know is asked often but here it comes again. I bought 20k MintCoin and moved it to my Mintcoin wallet on Feb. 26th. I have never added to or subtracted any coins since then. It has never minted.
Is it completely random when it will mint? And is there a way of telling whats my chance of it actually minting any time in the near future? Also I know its been over 20 days, so when it actually does Mint, will it give me a percent of MintCoin for 20 days or the total days (like if it happened at 40 days do I get double?) I have waited for it to Mint?
Thanks in advance from a MintNewb!
You need to unlock your wallet for it to mint. Make sure you have the latest wallet and then you only need to click the unlock button. Unlocking a wallet assumes I locked it. I never locked it. As I was typing this out it just Minted for me. I don't know how or why. It just did it itself. Maybe I just needed to leave the wallet open for more than 5 minutes after syncing? Yup! That was the key. I usually leave mine open for an hour or two at a time. Minting is a lot like mining, where the number of coins you have at stake is analogous to the amount of hashpower you have. As such, it takes time to find a block and the more coins you have at stake the better the chance you will find one in a shorter amount of time. |
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Nice! Keep up the good work, mintcointeam! |
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All the BC multipools are here to bring the price of the BlackCoin up and not necessary to make highest possible profit.
Some people don't understand the concept of investing. A lot of people mine Bitcoin or Litecoin at a loss on the theory it will be worth a lot more down the road. It's no different than me buying Blackcoin with no guarantee I will recover my money or see it go somewhere but I have faith in it and think it could vastly go up in price so I risk and put my money into it, simple as that. Yeah but I think the point Charloz is trying to make is that by mining at other pools he can make more btc to buy even more bc with- which means he is actually providing more bc buy support by going to a pool other than the bc multipool. The only disadvantage is having to do the multiple exchanges himself. Until the bc multipools can provide comparable buy support there is really no advantage for the individual or the coin, other than the convenience. In other words, Charloz is actually helping support the coin more if he is going to another pool which pays out more and he spends all of the payout on bc. |
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top address at 50 million. That's 55%. dang! what is going on?!! o___O
I'm hoping/thinking that is an exchange wallet. With all the people struggling with their personal wallets, I wouldnt be surprised if people are keeping their FLT on their exchange wallets. |
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~Welcome to the Mint Revolution~
Stole this from coolbeans94. Changed to "Mint" from "Mintcoin" I think it's a pretty rad and fitting slogan. Use in your signature if you like.
That's what I'm about baby, A REVOLUTION! Changin' bits to mints!
+1 Stole for my sig. Okay, seriously this time, I am taking a break from this forum now just wanted to say thanks/give credit for the slogan  |
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Perhaps you should re-read my comment and every comment I've ever made about BC on this thread or another, I hope you will see that the only animosity I have for Blackcoin stems from the fact that they have always had a hostile attitude towards Mintcoin. I am a supporter of both and I want to see them both succeed. I think the idea of coins working together towards a humanitarian cause is an amazing idea (it has always been a single coin in the past doing it for their own PR). This is what I am trying to say: if we want to form a coalition of coins (which is a great idea) it should not be centered around one coin and likewise it should not be funded by or the responsibility of primarily one coin. It should have its own thread, not associated with any particular coin. Otherwise, if Mintcoin is going to be the one responsible for funding and founding it- then clearly Mintcoin should be compensated for those efforts (it would only be fair). And I am sorry, no matter what the circumstances I have a very hard time wrapping my head around Blackcoin benefiting from the Mintcoin premine after how much they have bashed it and potentially benefited from the slander by using it to convince people to buy into bc instead of mint (it would be beyond hypocritical). I am sure NobleCoin would be all for this cause, their motives seem very aligned with this idea. On the other hand, blackcoin's motives do not seem very aligned in any way (aside from the possibility of profit, I'm sure that is aligned with their motives and everybody's motives). They are currently purposely eating up coins like Noblecoin so that they can make theirs more valuable, and they seem to love it (yes I know Mint has a multipool too, but we don't gloat about how it is absorbing/killing other coins). And I agree with you, I think we just misunderstood each others points Sorry for being so abrasive and rude with my earlier response, it was completely uncalled for. I think it's time for me to take a break from the forums for a bit, it is easy to get carried away on here. |
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Anyway, we are working on the mintcoin manifesto atm. I won't be available tomorrow evening.
Thank you for all your hard work, David. It is greatly appreciated and I'm sorry if it ever appears otherwise. |
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Says the guy with only Blackcoin in his sig.... If this project is to be initially funded and spearheaded by the Mintcoin premine and community, then the primary goal of the project should be to advance Mintcoin along side the humanitarian/environmental cause. If we want to form a coalition between multiple coins where all the coins are to be treated equally and given the same priority, then it will need to be formed by equal contributions from all of the coins involved. Blackcoin should not be allowed to ride the waves of our premine that it has always had so much fun defaming mintcoin with.
Such animosity towards Blackcoin, I care not for BC only it's value so I can make money from it so don't judge someones comments from what they have in their signature, really can you be more ignorant and judgemental? If Mint goes solo with this idea then it will be doing nothing new or innovative and it will be an incredibly and time consuming project with little reward. One only needs look at Noble and the efforts the Dev and community goes to for such little reward to see how difficult this path is whilst keeping their moral integrity and never selling themselves out If however the project is truly for a humanitarian cause then all ties to coins should be put aside and the only objective being to further the humanitarian objectives regardless of the coins involved and no consider for financial gain for a coin at all unless that financial gain serves to enhance the humanitarian goals! This is about charity, not business equal contributions should not matter. And I'm sure if you asked Noble's dev Rofo about this project he would either be happy to join onboard in a coalition or at least offer some help to point you in the right direction because it's no easy task Perhaps you should re-read my comment and every comment I've ever made about BC on this thread or another, I hope you will see that the only animosity I have for Blackcoin stems from the fact that they have always had a hostile attitude towards Mintcoin. I am a supporter of both and I want to see them both succeed. I think the idea of coins working together towards a humanitarian cause is an amazing idea (it has always been a single coin in the past doing it for their own PR). This is what I am trying to say: if we want to form a coalition of coins (which is a great idea) it should not be centered around one coin and likewise it should not be funded by or the responsibility of primarily one coin. It should have its own thread, not associated with any particular coin. Otherwise, if Mintcoin is going to be the one responsible for funding and founding it- then clearly Mintcoin should be compensated for those efforts (it would only be fair). And I am sorry, no matter what the circumstances I have a very hard time wrapping my head around Blackcoin benefiting from the Mintcoin premine after how much they have bashed it and potentially benefited from the slander by using it to convince people to buy into bc instead of mint (it would be beyond hypocritical). I am sure NobleCoin would be all for this cause, their motives seem very aligned with this idea. On the other hand, blackcoin's motives do not seem very aligned in any way (aside from the possibility of profit, I'm sure that is aligned with their motives and everybody's motives). They are currently purposely eating up coins like Noblecoin so that they can make theirs more valuable, and they seem to love it (yes I know Mint has a multipool too, but we don't gloat about how it is absorbing/killing other coins). |
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I am OK with giving mintcoin an unfair advantage.
I forgot to highlight this glaring issue as well If you have conflict of interests which results in you being ok to give mintcoin an unfair advantage then your project will look to serve only mintcoins needs and not the needs of the goals of the project. No other coin will want to get involved while your interest is clearly only in the gains for mintcoin with other coins and the project itself as a second consideration. As long as this stance remains then I and I expect alot of others will not be able to support the project. Goals of the project should be first & foremost above everything else including Mint Says the guy with only Blackcoin in his sig.... If this project is to be initially funded and spearheaded by the Mintcoin premine and community, then the primary goal of the project should be to advance Mintcoin along side the humanitarian/environmental cause. If we want to form a coalition between multiple coins where all the coins are to be treated equally and given the same priority, then it will need to be formed by equal contributions from all of the coins involved. Blackcoin should not be allowed to ride the waves of our premine that it has always had so much fun defaming mintcoin with. |
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Then you cannot include Mint and its premine, you either are fair and include any with premine or exclude all premined coins including Mint
To allow one and exclude all others on this principle present a critical flaw for what you are trying to achieve by not being biased.
It also would exclude Noble which is by far the most VAS exclusive coin currently in circulation
I am OK with giving mintcoin an unfair advantage. This is mintcoin's dev who planted the seed of a foundation in my head. Privilege of the first. All long as it is known to everyone... As I said, I really want mintcoin to stand apart in one way or another, as a tribute to where the fund come from. Other option: we allow premine but with extra scrutiny regarding the sincerity of the devs. This will take time and could be unsecure but as long as people are ready to do it, I'm fine with it (I noticed that a lot of project fail because of the lack of motivation or human ressources - so diluting ressources to investigate the "cleanliness" of a premined coin might jeopardize the whole project). I will probably create a process for acceptance. The said process could easily integrate a "premine investigation" part. This would make integration longer, but otherwise should be fine. On which ground would you exclude Noblecoin? I only know this coin by name. I just created VAS coins. This is an empty spreasheet where you can propose coins. Well, first let me say I never said anything about leafcoin... That must be me getting confused. Apologies. I had to look it up just to know what it was..maybe you confused me with someone else? I did suggest throwing some funds behind green energy projects. Second- Unfortunately, I don't understand your vision. I do view other coins as direct competition, and hold the opinion that Mint is superior. This I have been vocal about.
Really, I guess it will be up to the community. Exactly. Anyway, I propose we don't talk much about the "umbrella aspect". Just see it as a possibility. Isn't blackcoin against NobleCoin, and Mintcoin, and basically every other coin it perceives as competition (all coins)? This is the feeling I have gotten from spending time on all of these forums. I like the idea of working with other coins, and I have been trying to quell some of the hostility between mintcoin and blackcoin myself. But, the blackcoin community hasn't expressed any desire to work with any other coin- quite the opposite they are always talking about destroying all the coins in their path, and how much better they are than every other coin. And they've also never expressed any desire to take an environmental or humanitarian position. Recently, from the BC forum: Quote from: Rofo on Today at 12:03:20 AM "For all those wondering why your payouts in BC are so poor on the amazing new multi-pool, it's because they sit on NobleCoin when we're the 30th+ most profitable. A few of the BC community as well as a decent amount of pump & dumpers on Twitter despise NobleCoin, so if you're looking for good returns for your hashrate you won't find it there." /endquote |
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Don't get me wrong, I think its an extremely progressive and wonderful idea. But, I've also been noticing you have been much more active on the BC forum than on here lately, and I can't help but wonder how much your recent investments in BC play a role in this transition.
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Hi,
I pondered the idea behind Mintcoin Fund/Project F and I believe it is fundamentally broken.
I don't care about Mintcoin. I don't care about Blackcoin, DogeCoin or whateverCoin. I don't care about any particular coin (save for getting rich quick) and I believe you should not either.
What matters is "does a coin, a project, bring something worthwhile for the society?". This is not about mintcoin, this is about the planet. Mintcoin is just a mean (a useful one, still). But other coins have good ideas too. Promoting only one coin would be very individualistic - "we are right, you are wrong". Let alone duplication of efforts (deadmanwalking was vocal about Mintcoin doing the same as Leafcoin, for instance).
That is why I am considering extending Project F to encompass more than mintcoin. Introducing the concept of Value Added for the Society, of VAS (an obvious pun on VAT).
If a coin brings something useful for the society, it should be promoted. Otherwise, it should not. Granted, one may argue "who are you to decide what is right and what is wrong"? Well human beings, and human being are imperfect, but they keep trying to get better. And so we will.
The basic bylaws won't change much - this is mainly the name and the object (article 2) that will change.
It is of very important to be able to stick to verifiable, factual criteria for promoting a coin. Here how it will go:
- No ressource intensive (be it for mining or for transactions).. Bitcoin/litecoin/dogecoin are out. Mintcoin and Blackcoin are in. Peercoin is out because, despite having PoS, its PoW phase is way too long. NXT if in, of course, like any pure PoS (like faircoin). A hypothetical "lightning-fast PoW" (no more than, say, two months of PoW) would be eligible
- No premine. Yep, not even for country coin, even it they have the best of intentions and they actually deliver (like Auroracoin did yesterday)
- other criteria as you see fit.
There would be two kind of criteria: mandatory and facultative. Mandatory criteria are stoppers, other just orient the decision. I'd say ressource-intensivness and premine should be mandatory.
The boundary of a criterium should be written clearly, to avoid as much arbitrary decision as possible.
Now, what would this fund do?
It would raise awareness for a coin, because said coin is expected to have Value Added for the Society. For instance (and now I am back to mintcoin), the fund could host project related to mintcoin's ideal, like sustainable development. It could be financed in a lot of different way: premine, collaborative donation (doge4water did not need any premine to work for instance). The technicalities of the tunding are up to the coin. The fund will host project, like an incubator for projects.
Of course, since the first "hosted coin" would be mintcoin, mintcoin would have a greater visibility than the other coins (at least in the beginning).
Now, I need your input:
- first, do you understand my vision (whether you agree or not)?
- second, if you agree with it, who would like to be part of it?
Thank you for reading
Quick remark (haven't had the time to formulate a full response), you mention not allowing coins to join that have a premine but Mintcoin had a premine, and it is that premine which will fund the formation of this foundation (that was the impression I was under). So, Mintcoin will be spending its premine to build a foundation which other coins (which have long criticized/bashed us for having a premine *cough* BC *cough*) will then be able to join for free? They will be benefiting from the premine that they have long targeted in their attempts to sabotage the progression of this coin? I'm not sure I understand... Edit: In other words: If we are going to be using the mintcoin premine to fund this foundation, how can we allow coins like BC to benefit equally without paying equally especially considering the fact that they have, since the very beginning, painted the fact that we have a premine as a negative and used that fact against mintcoin and as a means of promoting BC in comparison... It just all seems kinda backwards.. |
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I've also been on hashcows for the past 36 hours and seems to be good profit thus far. I just have not received any MINT yet (not that BTC is bad, but having hashcows buy MINT consistently is gonna drive the price up) And yes before ppl say I'm lazy, I could cash out BTC and buy MINT, but I'd rahter hashcows get their process straight. GO SIGN UP! https://www.hashco.wsEven when you select Mint as the payout they still payout in BTC? No, I haven't been paid out in anything yet as they only do the pay out once a day, but on my main page it has a "Confirmed Exchanged" balance for BTC (It's at about .002 BTC right now). My assumption would be that since I requested MINT, that BTC value will be converted to MINT before cash out. Again, only an assumption. I have the request out to Hashcows right now for clarification. Being so new, I think they just need to update the site to show how much MINT has been converted. I'll update as it unfolds, but I am getting great value thus far. Hi, Hashcows Admin here. Glad to see people trying us out. The estimates are indeed just in BTC at this point, but rest assured you'll get mint come payout time. We wanted to get this out the door and the important bits stress tested and ensured accurate. We'll try and get proper estimated values in the currency your actually cashing out in, in the coming days. Happy Mining Awesome! Thank you, nearmiss. My mining rig is still in the works (I'm quite new to the cryptocurrency scene) but when I get it I will be pointing in hashcow's direction. |
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Edit: imo alot of people don't like the idea of billions and billions of coins I believe this is more a matter of distribution. More coins means more potential for widespread adoption. I mean, if there are 100 000 people on the altcoin scene, that's the maximum. Compare with 7 billions (soon 9) inhabitant on this planet. Coin amount means nothing when you can break the coin down to 8 decimal places. Its overall value that people care about. Does the same about of coin X buy the same about of product y? I'm so glad you're taking the moral highroad and not bashing coins in their own threads. That could be considered hypocritical and desperate. You're right, neither me nor David are bashing this coin... thanks for pointing that out. we are both supporters of both mint and bc (OMG HOW IS THAT POSSIBLE!? MIND BLLLLLOOOWN!). The only thing I ever come close to bashing on this thread is how hostile the community is. Which I see more as constructive criticism because being hostile is not really a positive trait and I want to see this coin to succeed. Chill out people, BC is doing great there is no need to try and throw other coins under the bus. |
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(I don't remember someone at MINT ever accusing BC of bribing someone. How elegant from BC to accuse of felony)
Please don't take one persons statement as the feeling of "BC" Even if you did "bribe" a pool (not saying you did in any way) that is certainly not a felony, only a business dealing. let's stop the drama and focus on building merchants and newcomers PS: Good luck to Mint. Unfortunately is harder to pump 20% inflation coin than 1%... this is ecsactly 20x harder  . You are right, Mint is not a pump-and-dump coin. I am glad we agree on that. It's stability is probably one reason why so many merchants have already adopted it. I am looking for coins that offer long-term stable growth, not pump-and-dumps (I can't keep up with them). |
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