Lol @BTCWhale talking about pumping SPA on twitter yet the price keeps falling. This fool has no influence on anything.
Looks like some poor soul bought SPA at 0.183 BTC on Mintpal  now its down to 0.0056. it wasn't for a large amount of btc there was no buy orders worth more then 0.01btc Well, that's good! |
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i bought hour ago for 1700..dont regreat
I bought some at 2700 about 10 hours ago... I don't think this coin will have any problem getting above that again. |
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Lol @BTCWhale talking about pumping SPA on twitter yet the price keeps falling. This fool has no influence on anything.
Looks like some poor soul bought SPA at 0.183 BTC on Mintpal now its down to 0.0056. |
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hey guys, we are all the community of mintcoin
I think we dont know how does the multipool effect, so dont discuss that. thats no result.
i know the price is important part of a coin... but not the most.
if we want to make mintcoin be better, i think charity project is great. especially for environmental project!
thats why it calls mintcoin, right?
we have more exchange market than blackcoin
we can make great idea from this
I agree, I think an environmental charity organization would be great for this coin. Maybe we could vote as a community on a charity (or charities) that we could start donating to through the Mintcoin Foundation? http://www.charitywatch.org/toprated.html#enviro There's something in the pipeline already  Awesome  that is great to hear! |
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Hey all, I'm a big fan of PoS coins and I think what BC and Mintcoin are doing with their multipools will help them grow a lot and I think ZEIT would benefit greatly if one of these were set up by the time the transition to PoS occurs. Basically, since it wont be profitable to mine ZEIT once PoW reward is down to 1 coin/block, these multipools direct you to mine the most profitable altcoin and then they convert it and pay you out in ZEIT. This provides additional buy support from miners despite there being no more PoW supply for your coin, so addition demand but no additional supply  http://mintpool.us/mint/index.php |
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DEV JUMP ON THE MULTPOOL TRAIN BEFORE ITS TOO LOLZ
Well, we don't really need it so much until we switch over to PoS because you can still mine ECC directly. But yeah, both BC and Mintcoin have multipools up and running now and the effect on the markets seem pretttty positive so far. |
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Blackcoin trade volume and prices are steadily dropping. Mintcoin trade volume and prices are steadily rising.
somebody needs to look at mintpal again bc volume has increased over 700 btc in the last 9 hours............. mintcoin 64 btc # KNOCKOUT Hmm you seem worried about your BC... so now you come over here to the MINT forum to talk trash. Why not go work on supporting your own community rather than trying to tare down what you perceive as competition |
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No it will find them
[/quote]
Backing up your wallet.dat is good practice for when the unanticipated and unfortunate happen. If you live a charmed life you'll never have to resort to you backed up wallet.dat though. You're like most people that upgrade with zero issue. Pour yourself a beer and watch your mints come rolling in.
[/quote]
Thank you both! Beer and mint incoming!
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All other minable scrypt coins may be in trouble now with this blackcoin multipool. Mint can be saved but we need a multipool as well, its a perfect candidate.
+1! I think that would benefit mintcoin a lot. |
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Apart for the Mint/blackcoin war ...
20% inflation and then after 4 years 5% per year forever is insane.
If you really believe in this coin for the long term and it becomes a worldwide currency it will be a worse plague than fiat.
It won't be 20% inflation, but less than that because that 20% presumes that 100% of the coins will sit quietly and acquire coin age, which is false. Even at 5%, if this were possible, it is less than the inflation of the money supply. If you think that cryptos and altcoins are worse than fiat, then you have no idea how central banks and the debt-money scam works. http://www.youtube.com/watch?v=iFDe5kUUyT0Was that to subtle for you? Probably. If there is no actually 20% then somebody change this: which gives the highest payout at 20% the first year, then decrease 5% per year until the 4th year it reaches annual interest rate of 5%, then it will remain at this rate. And explain in a few words about the max and min. And I do hope the coding is right and we don't end like DOGE who turned to inflation overnight due to dizzy devs. I still think, inflation is the right way to go. Currencies need inflation unlike commodities like gold that live on deflation. But virtual currencies are no gold, they have no use when not spend. PS: I am really puzzled, that bc is going where mintcoin was supposed to: price increase since pos. Maybe I'd end up dumping my mint too. Their multipool must be helping. We really ought to do the same!! Keep in mind though, that when BC first switched over to pure PoS the price fell from above 2000 to below 1000 (I remember because I bought some BC at 2000). |
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I just downloaded the wallet 1.5 and installed it on my computer, as soon as I opened it all my addresses were already contained. Is that normal? I keep hearing people talk about how they have to manually import their wallet.dat and that is what I was expecting.. Is that only if you lost or deleted your previous wallet? I didn't delete my wallet 1.4 before installing the new one.
Thanks,
Any info would be appreciated.
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Too much to quote above
Okay, you got me there, I should never say never. I guess that means you can't predict the future either.. soo why are you here spreading FUD?
Also, perhaps I was trying to reuse your use of "irony". Which really wasn't ironic at all- people misuse that word a lot... I would be more akin to calling it sarcasm.
I'm not spreading FUD. I see suddenly that the incoming amount of possible money might dilute my % pie. Also , inflation coins are not always seen with good eyes here on this forum. Remember , bitcoin was created and has grown because of it (one of the reasons). Secondary I always advise on use , not holding (apart when shit news are entering the horizon and sheep panic). I've got caught in something I suddenly , because i didn't pay to much attention to it , don't like it. And I'm a bad loser sometimes. Lol I wish you would have been here a few days ago when somebody came on here talking about how Mintcoin is doomed because it is too deflationary... I'll scrape up the post if I get the chance. |
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Apart for the Mint/blackcoin war ...
20% inflation and then after 4 years 5% per year forever is insane.
If you really believe in this coin for the long term and it becomes a worldwide currency it will be a worse plague than fiat.
It won't be 20% inflation, but less than that because that 20% presumes that 100% of the coins will sit quietly and acquire coin age, which is false. Even at 5%, if this were possible, it is less than the inflation of the money supply. If you think that cryptos and altcoins are worse than fiat, then you have no idea how central banks and the debt-money scam works. http://www.youtube.com/watch?v=iFDe5kUUyT0Was that to subtle for you? Probably. If there is no actually 20% then somebody change this: which gives the highest payout at 20% the first year, then decrease 5% per year until the 4th year it reaches annual interest rate of 5%, then it will remain at this rate. And explain in a few words about the max and min. And I do hope the coding is right and we don't end like DOGE who turned to inflation overnight due to dizzy devs. The payout is set to 20% for the first year and etc as the post says.. The payout is 20% for all coins put to stake. The point Geode is making is that 100% of the coins are not going to be put to stake because some of them will be circulating so the overall effective payout will be lower than 20%. On the individual level it is still 20% for whatever you put to stake so if you put all your coins to stake then yes, you will get 20% return in the first year. If the entire market put 100% of the coins to stake then the entire market would get a 20% return but that is not going to happen. Does this make sense or is it "too subtle for you?" Rule nr#1 from the first day on this forum. Never say never. Secondary if 20% isn't possible 15% is , and that is still too much. Also is an incentive for people to hoard and not use mint , that can cripple it beyond repair. Not used coin / dead coin. Talking about free money out of nothing doing nothing. About the subtle part...you obviously have no clue about irony , so I won't bother. Okay, you got me there, I should never say never. I guess that means you can't predict the future either.. soo why are you here spreading FUD? Also, perhaps I was trying to reuse your use of "irony". Which really wasn't ironic at all- people misuse that word a lot... I would be more akin to calling it sarcasm. |
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Apart for the Mint/blackcoin war ...
20% inflation and then after 4 years 5% per year forever is insane.
If you really believe in this coin for the long term and it becomes a worldwide currency it will be a worse plague than fiat.
It won't be 20% inflation, but less than that because that 20% presumes that 100% of the coins will sit quietly and acquire coin age, which is false. Even at 5%, if this were possible, it is less than the inflation of the money supply. If you think that cryptos and altcoins are worse than fiat, then you have no idea how central banks and the debt-money scam works. http://www.youtube.com/watch?v=iFDe5kUUyT0Was that to subtle for you? Probably. If there is no actually 20% then somebody change this: which gives the highest payout at 20% the first year, then decrease 5% per year until the 4th year it reaches annual interest rate of 5%, then it will remain at this rate. And explain in a few words about the max and min. And I do hope the coding is right and we don't end like DOGE who turned to inflation overnight due to dizzy devs. The payout is set to 20% for the first year and etc as the post says.. The payout is 20% for all coins put to stake. The point Geode is making is that 100% of the coins are not going to be put to stake because some of them will be circulating so the overall effective payout will be lower than 20%. On the individual level it is still 20% for whatever you put to stake so if you put all your coins to stake then yes, you will get 20% return in the first year. If the entire market put 100% of the coins to stake then the entire market would get a 20% return but that is not going to happen. Does this make sense or is it "too subtle for you?" |
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I dumped all my MINT for Blackcoin days ago. The MINT dev refused to tell us what he spent the 700 million MINT on. That was worth hundreds of BTC at the peak of MINT price.
Compare that to Blackcoin. ZERO premine yet Blackcoin still has a more transparent list of bounties. And even without 100 BTC of premine, Blackcoin is bringing more innovation to the table eg bcmultipool.
Then there is the fact MINT has 20% interest rate. Even the most hardened MINTer will admit that is too high.
What was the nail in coffin for me with MINT was the fact they put a super shitty logo on the mintcoin subreddit when there were much better ones. I find it fishy that won the community vote when almost everyone complained about it after it was chosen and nothing changed. Plus read through the devs comments on reddit and here, he was writing stuff like "Lol sell" and can't be bothered to work when the price was dropping and people were asking him questions and basically wanting reassurance.
And there's the fact MINT dev keeps saying mintcoin has nothing to do with Mintpal. Sorry don't believe that for various reasons.
So i've switched to Blackcoin. It's basically the coin mintcoin should have been imo.
Stop fixating on the premine, it is but one factor involved in the initial distribution. Lets look at another factor, which involves the other 99% (or 100% in BC's case) of the coin (i.e. lets pay attention to where the majority of the coins are going, which is more important): 1 week of mining versus 5 weeks of mining. So.. approx 99% of PoW Mint was distributed over 5 weeks, whereas 100% of PoW BC was distributed over 1 week. This analysis is far from perfect because there are too many factors involved but lets simplify the model to get the point across by assuming the same number of miners join per week for each coin, that would give Mintcoin slightly less than 5X the distribution of BC through PoW (slightly less than 5X since its 99% of the coins not 100% being distributed). But, the number of miners that hop on a coin per unit time is not a constant, the more time that passes since the release the more people that learn about and become interested in the coin and begin mining the coin (assuming the release was a good one, and interest in said coin grows). As such, it seems safe to assume that there is a modest acceleration in the number of adopters/time as time since the release of the coin increases. As such, the number of miners/week that started mining Mint during the later weeks is probably larger than the number of miners that joined in the first week for either Mint or BC. So, taking that into consideration, the rate of distribution should increase over time meaning that 5 weeks will result in MORE than 5X the distribution when compared to 1 week of distribution. Of course, this is ignoring the increase in difficulty as a function of time Short version: Distribution is not linear with time, I would expect it to have a positive derivative: f(x) = miners/time ; f'(x) is positive aka (miners/time)/time is increasing- meaning that 5 weeks of mining versus 1 week of mining is actually more than 5X the amount of distribution. That's all just assumption and hand waving. I'm dealing with the cold hard facts here. Rather than counter my points you want to focus on hand waving and silly assumptions that can be manipulated to either of our benefit. But entertaining you for a second if you consult mintcoinrichlist.com and the blackcoin richlist: http://agran.net/bc_getbalance.php?top=100As of five minutes ago the top 29 mintcoin addresses hold 30% of all mintcoins. And calculating for blackcoin we see the top 28 blackcoin addresses hold 30% of all blackcoins.That is remarkably similar. Regardless, the distribution in both of them will only grow over time. I have no concern about such matters and don't want to get dragged into a pointless discussion about it since the facts can be twisted too easily. "As of five minutes ago the top 29 mintcoin addresses hold 30% of all mintcoins. And calculating for blackcoin we see the top 28 blackcoin addresses hold 30% of all blackcoins." HAHA there are some cold hard facts that work against your stance that you just posted yourself. SO, a smaller number of BC addresses hold the same percentage of coin that a larger number of Mintcoin address do... and that is without a premine for BC... in other words, you just confirmed all the assumptions and hand waving I just did above because you just demonstrated that the distribution of mintcoin is better despite the premine.. edit: Thanks! I was too lazy to look at the numbers myself. Looks like my assumptions were at least partially right, though. |
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Same is with BC traded BC don't generate income. So inflation will be <1% BC and Mint <20%. I think rates will be same. But mint coins purpose is to mint it... and get that 20% so probably it will be 15%-18%. we will see at end of year. 2nd question i have analyzed that case lets give numbers: in best case max inflation ^^ 1% BC - Now this is about 0,04 New/BTC day to buy all new 20% Mint - Now this is only 2.3 BTC day to buy all new ~10% Doge 540 BTC Day 10% BTC 3600 BTC Day - 2.3m $ all new 20% LTC 28800 LTC Day - 0,9M $ all new "How fast do PoW coins inflate due to mining? I would say it is roughly equivalent to a PoS coin. " -look up ^^ As you see some coins need to be popular to not drop price BC,Mint don't need much attention to keep price. Pow coins due to other type of distribution can lose value very fast just because when miners aren't well paid price fall. POS system is bit different than POW dystrybution 1st POS NXT wasn't good example just because 75% of coins never reached market. In reality with BC with 0 premine we will see how can 100% POS system can behave on market. This coin is 1st with 0 premine it will be better example than Premined / IPO other ones. We will see how market will be different that Mint,Zeit,Ultra,Battlecoin,CGB... with some amount premined before. How marketing factor from IPO/Premine money have influence on price ^^ in long short therm. Anyway as you see to from my analyze BC or Mint with some BTC or $ injected inside can grow in same time POW needs High amounts of money to keep price. I dumped all my MINT for Blackcoin days ago. The MINT dev refused to tell us what he spent the 700 million MINT on. That was worth hundreds of BTC at the peak of MINT price. Compare that to Blackcoin. ZERO premine yet Blackcoin still has a more transparent list of bounties. And even without 100 BTC of premine, Blackcoin is bringing more innovation to the table eg bcmultipool. Then there is the fact MINT has 20% interest rate. Even the most hardened MINTer will admit that is too high. What was the nail in coffin for me with MINT was the fact they put a super shitty logo on the mintcoin subreddit when there were much better ones. I find it fishy that won the community vote when almost everyone complained about it after it was chosen and nothing changed. Plus read through the devs comments on reddit and here, he was writing stuff like "Lol sell" and can't be bothered to work when the price was dropping and people were asking him questions and basically wanting reassurance. And there's the fact MINT dev keeps saying mintcoin has nothing to do with Mintpal. Sorry don't believe that for various reasons. So i've switched to Blackcoin. It's basically the coin mintcoin should have been imo. Stop fixating on the premine, it is but one factor involved in the initial distribution. Lets look at another factor, which involves the other 99% (or 100% in BC's case) of the coin (i.e. lets pay attention to where the majority of the coins are going, which is more important): 1 week of mining versus 5 weeks of mining. So.. approx 99% of PoW Mint was distributed over 5 weeks, whereas 100% of PoW BC was distributed over 1 week. This analysis is far from perfect because there are too many factors involved but lets simplify the model to get the point across by assuming the same number of miners join per week for each coin, that would give Mintcoin slightly less than 5X the distribution of BC through PoW (slightly less than 5X since its 99% of the coins not 100% being distributed). But, the number of miners that hop on a coin per unit time is not a constant, the more time that passes since the release the more people that learn about and become interested in the coin and begin mining the coin (assuming the release was a good one, and interest in said coin grows). As such, it seems safe to assume that there is a modest acceleration in the number of adopters/time as time since the release of the coin increases. As such, the number of miners/week that started mining Mint during the later weeks is probably larger than the number of miners that joined in the first week for either Mint or BC. So, taking that into consideration, the rate of distribution should increase over time meaning that 5 weeks will result in MORE than 5X the distribution when compared to 1 week of distribution. Of course, this is ignoring the increase in difficulty as a function of time but since both coins experience this the effect should be equivalent for each when weighted relative to the time spent in PoW for each. Short version: Distribution is not linear with time, I would expect it to have a positive derivative: f(x) = miners/time ; f'(x) is positive aka (miners/time)/time is increasing- meaning that 5 weeks of mining versus 1 week of mining is actually more than 5X the amount of distribution. |
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Blackcoin leaves a bad feeling in my gut. I tend to go with my gut with these things and I don't think that I will ever put a single satoshi into blackcoin. I'm in Mint and I'm here holding from here on out.
Something about their motto "Once you go black..." Sexual innuendos seem rather unprofessional to me.. |
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