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all wordpress merchants?
nice job though.
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for 50btc 2-4ghash is needed.
not even hashcows has that.
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so when is the android wallet coming?
or any mobile wallet.
i cannot pay my buddies directly.
will be harder since no pos coin has an android wallet afaik.
any plans? or do we stick to windows?
mobile is needed for MASS adoption.
without it. i dont see a bright future.
I am surprised, do you have mints ? I had read that you sell all your mints, now you talk of "pay my buddies directly" ? LOL. if you read a few posts back, then you see i responded to a message and said: if you buy a few coins, people immediately think you are a whale. so yes, i got millions. but might dump them again soon. i want them on my mobile! |
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so when is the android wallet coming?
or any mobile wallet.
i cannot pay my buddies directly.
will be harder since no pos coin has an android wallet afaik.
any plans? or do we stick to windows?
mobile is needed for MASS adoption.
without it. i dont see a bright future.
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lets see how competent they are.
android wallet?
i want to directly pay others with my mint using nothing more then phones ( for my side-activities ).
anyways, glad that mintpal has disabled pos minting. yes, they just need to disable the minting thread. so that is easy.
how about cryptsy?
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when you buy a few coins, people immediately think you are a whale.
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entering dreamland again....  |
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seen that before. it will continue.. dont worry. it will be back. could be a cryptsy api issue. its batch-like processing.
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its same as multipool behavior. i remember mintcoin was also hit by mp. if it are not the exchanges. then it will be middlecoin. same behavior.
I don't know, but I know that your previous reasoning is very flawed. The exchanges don't dump coins themself. what do they do with their minted coins then? also if you think about this a bit further.... i can also be applied to regular coins. dump for btc, buy back cheaper. dump extra coins for extra btc. since they are not regulated they can do whatever they like to increase/maximize profits. |
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its same as multipool behavior. i remember mintcoin was also hit by mp. if it are not the exchanges. then it will be middlecoin. same behavior.
first some smaller sells, then a couple large sells, rinse repeat.
that is mdlcoin behavior.
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explain the current sell pressure then? while pow is over?
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I highly doubt Cryptsy give 2 shits about mining a few extra MINTs. Cryptsy did 3000 BTC of volume yesterday. Correct my math if I am wrong but 3000 BTC of volume x .5% trading fees (for the buy and sell) = 15 BTC a day income for Cryptsy. Do you really think big vern is worried about a few million MINT here or there? I am sure the whole process of moving coins back and forth between hot and cold wallets as needed would regularly destroy coin days. Don't you think he has bigger fish to fry?
Now I've heard a lot of FUD, but worrying that Cryptsy is secretly using the MINT held on their exchange to gain extra coins, is the most unintelligible, ignorant, illogical piece of FUD I have heard in quite some time.
its a very simple program. its about ROI. |
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I wouldn't necessarily call that a flaw. The average user is only going to have Mintcoins on the exchange for a short period of time to either buy or sell. It is the day traders who take this risk more than anyone that benefits the exchange. They are taking the risk that they can make more money day trading than to take the coins off and receive interest.
By your words, any Proof of Stake coin is doomed to fail because of this "flaw". I will have to respectfully disagree with your way of thinking. Granted that yes, the interest is rather high right now, benefiting large stake holders, which is causing the market to discover the right price. This should balance out as market forces take effect.
it doesnt matter if the average user does withdraw or not. it matters how much an exchange ( or bagholder ) has in its wallets ( hot and cold ). and what they do with the minted coins that were generated using these large amounts. if they decide to autosell the mints ( free btc )... you get a constant sell pressure. bad for price. it looks very similar to a multipool dump. without the cost of mining. free money for them since they didnt pay btc/mine it. yahoo. |
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yes we all know there are other coins thisisit.. that is your reason for being here and being a tool
" ...being a tool" +1!  i will laugh last. |
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I removed all my holdings from all exchanges and doubt I'll be putting any back on unless there is some significant change in how that business is conducted. I'm still bullish on MINT, and crypto in general, because digital currency is no more going away than firemaking or tool use are going away. It's a valid technical innovation and it is here to stay. MINT is a superior form of crypto because of the green nature of PoS and the minting process. It's scalable for mass adoption so I think it is a good contender for becoming a currency of actual utilitarian value some day. One thing standing in the way of that day is all of the scammers, manipulators, pump and dumpers etc that create volatility in the market. But that is the nature of risk. Marco Polo went to the see the Great Khan, that's taking a risk in trading. Putting a few thou into crypto to see if it works out down the road is nothing in comparison.  it has no future if the flaw isnt addressed. it generates too many coins without cost. only need to get like 100mil and it becomes more and more. its unstoppable. even when coins are removed from exchanges... the fix is just temporary. |
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time to wake up. dreamland is over. mintcoin has a serious flaw that is now showing.
nothing can be done about it if devs dont step up, it will be over soon.
withdraw everything from exchanges.
i will buy at 1!
community dies.
I'll bite. What is the serious flaw. what is the serious flaw? you send your mints to exchanges, they store them in hot and cold wallets... they mint away, interest absurd high, they autosell their minted coins. free btc. it was doomed when it launched. bad design. it will go 1 satoshi. |
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nope, everyone withdraw from exchange and exchange die
there are other coins you know. |
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time to wake up. dreamland is over. mintcoin has a serious flaw that is now showing.
nothing can be done about it if devs dont step up, it will be over soon.
withdraw everything from exchanges.
i will buy at 1!
community dies.
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something needs to change. code-wise
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Mintcoin has real potential to be a valid currency. Find me a merchant that does not want to get interest automatically on their sales or someone unwilling to spend their generated interest on goods and/or services ! Buy and hold Mintcoins and one day you might even be able to live of the interest just like Satoshi's hair dresser !
its a vicious circle. if price goes down.... etc Indeed. So, the price has fluctuated between a few sat. low and 60-ish sat. high. I understand the need for day traders to make short-term gains and profits, but I'm in for the long-term and not really looking at the price to much... Consider that these Bitcoin prices from 2009 http://newlibertystandard.wikifoundry.com/page/2009+Exchange+Rate are not even a blip on today's charts. sure, but i rather buy at 2 then at 60  devs need to implement an update. if balance > C, no minting + lower interest |
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