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Welp, looks like my source was wrong about Cryptsy. I suggest we all never listen to anything I say ever again. My wife has already perfected that.
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I was just thinking about something. I know that is usually a bad idea...  I am assuming most people with large holdings of Mintcoin will be holding their coins long term so they get the PoS interest. What if another very very large holder has an emergency and has to cash out all their coins and get real money to pay for something urgent. If they do this then the price will go down very very far and the others are left with coins worth much less. Is there any way to stop this from happening? I've been pondering this and actually think it is the other way around. MINT holders won't have their coins on an exchange as they want them in their wallet. So the SELL side will be very illiquid yet people on the buy side (BTC) will still have their buys in place. |
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Has anyone here successfully received coin via POS yet? I understand it is 20% interest per year, but I'm real curious how that is calculated. Is it compounding? Daily interest? Weekly? Monthly?
Someone said POS will only begin after 5 weeks of initial distribution. On the front page: PoS will start after at least 20 days of holding of the coins in the wallet. |
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Has anyone here successfully received coin via POS yet? I understand it is 20% interest per year, but I'm real curious how that is calculated. Is it compounding? Daily interest? Weekly? Monthly?
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A couple more questions:
1. If my coins are on an exchange for 20+ days and they aren't moved, do they get the interest?
2. Is mintpal.com affiliated with or owned by the devs of this coin?
Thanks.
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The problem of crypto is that it always repeats the same stupid model.
First phase - nobody cares, its called "randomisation phase". Just a coin release and nobody knows what will happen. You cant own them all because there are gazillions of coins coming to the market so even the best investor has to satisfy with random luck when choosing which coin should "make it".
Second phase - pump. It depends only on the success of its own success. Market cap or future market cap is totally irrelevant. Pumped coins get more pumped and point attraction. Its typical for them that the value reaches the value which the coin would get in few months or years in the best scenario of its future.
Third phase - dump. After peaking there appears a dump which takes usually few weeks. People realize that the value is really too big and start selling. It takes a while until the coin loses all value made by pump. Then usually comes the next phase
4th phase - re-pump. When the value gets low enough and the coin gets slowly forgotten, there usually comes a re-pump usually made by new hype, few whales or just because it has fallen to satoshi value and technically it cant drop more. Because the coin is slowly forgotten, not too many sellers are active and watching the market so the pump is now possible again.
And then follows the 5th phase - last dump. After the last pump and dump the coin is usually stabilizing and being useless for Pump and Dump so it gets totally forgotten and left by everybody who is trading it for profit only and now the coin must show up his real abilities and innovation.
No coin has survived the 5th phase yet except bitcoin and maybe litecoin (however its discutable because litecoin has no real use). Doge is now between 4th and 5th phase. Mint is at 2nd phase.
Its very annoying that the price went to insane hights and we still dont know even a shit about its functionality. Will do the PoS work? Will the PoS be positive? The coin is one big pre-order, you pay for something what didnt show up yet. And its very annoying for real investors because they cant make a fair buy-in when the coin shows some potential. Just because they will come too late in potential dump phase no matter how well the coin will work.
Excellent analysis. As an investor, I'm looking for coins that have long term potential and an excellent dev team committed to continue to evolve the coin as new technologies are released. Not many of those out there. So far Bitcoin and Darkcoin fit the bill for me. Auroracoin is fascinating as an experiment though I'm not at all sold on the dev team. And I'm trying to understand Mintcoin. |
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Greetings,
I'm considering investing in Mintcoin but can't wrap my mind around something which I would appreciate help with.
1. POS starts when a coin has been in your wallet for 20 days, correct? If I have 1 coin in my wallet for 20 days then add 1 million more, do those 1 million automatically become eligible for POS or do they have to go 20 days?
2. If it is the latter, doesn't that make people not want to spend their coin as they then lose out on the POS?
Thank you.
It's only ~1% every 20 days, so it's not /that/ huge of a concern. Plus, you only lose the PoS from the coins you move around, any amount that stay static for 20 days will increase. If my business, 1% every 20 days is a HUGE return. Most bank accounts these days don't offer 1% annually. If I have 10 mintcoin in my wallet for 20 days, receive 2 new coin, then spend 1 immediately, does the wallet know to spend the non POS qualified coin first? Thank you. |
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I actually managed to withdraw 1000 grc and it worked ok, seems btc withdrawals were problematic. Which sort of supports the theory of the btc loophole/glitch. Man, I hope everything is ok, but my gut is telling me otherwise. I guess we will have to wait.
It sure is going to piss me off if I find out I just purchased my own stolen DRK about 30 minutes ago. I got a good deal though!  |
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And why would you have IPO at all? What's innovative in your coin?
It's not round. Duh. They have a patent pending on this. |
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Greetings,
I'm considering investing in Mintcoin but can't wrap my mind around something which I would appreciate help with.
1. POS starts when a coin has been in your wallet for 20 days, correct? If I have 1 coin in my wallet for 20 days then add 1 million more, do those 1 million automatically become eligible for POS or do they have to go 20 days?
2. If it is the latter, doesn't that make people not want to spend their coin as they then lose out on the POS?
Thank you.
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someone just sold 45k darkcoins somehow ok.........
hmmm.... when it first happened, I thought someone just fat fingered an order. Then it happened a couple of more times and thought maybe this guy's an idiot. Now I have no idea. I picked up some cheap drk, but I hope this doesn't turn bad. If what I heard is correct, then this probably isn't over as the person who stole the DRK from CCEX will want to dump them before the CCEX owners communicate with Poloniex. Again, this is ALL heresay though. Who knows what's really going on. |
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I heard that the inside of the C - CEX BTC appeared problem, according to the number of is you actually have a lot of times, but can't extract, so should be extracted to switch to other COINS
don't quite understand what you're saying here my english is poor.I use the translation i mean you Deposit 1 BTC ,but 100 BTC shown on the website,can't withdraw btc so need exchange other COINS Just listen to other people say so, don't know is true I've heard the same thing. I heard there was an exploit on ccex and tons of DRK were purchased then withdrawn which is why we're now seeing huge sell walls on Poloniex. No idea on the legitimacy of that claim but it would make sense based upon what we saw. This is why you keep very little coin in exchanges. |
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The poloniex manipulation is nuts - they are killing the price and c-cex is staying stable - rising in fact.
Anyone know why polo is so easy to manipulate and c-cex not? It seems like they are taking buy/sells back and forth from one exchange to another and making profit that way.
Just asking - it seems this way and it seems like it could kill confidence.
I suspect that it's because people are realizing Poloniex may be insolvent because of the XCP debacle. I'm not comfortable depositing BTC there right now to buy Darkcoin even with the current price discrepancy and the wonderful opportunity for arbitrage. Care to fill us in on the XCP drama? I haven't been following that, what happened? Start reading: https://bitcointalk.org/index.php?topic=395761.msg5237708#msg5237708 and keep going. It's incredible. In short, Poloniex is down 100+ BTC. He added the XCP market back though with some security measures. But I'm concerned with this craziness that there is some sort of new issue that the hacker is taking advantage of that is somehow involving DRK. Obviously SOMETHING is very off. I'm sitting on the sidelines to wait this one out. It's not worth the risk. Obviously everything may be fine and it's just some dumb trader with too many BTC, but it's confusing for sure. |
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The poloniex manipulation is nuts - they are killing the price and c-cex is staying stable - rising in fact.
Anyone know why polo is so easy to manipulate and c-cex not? It seems like they are taking buy/sells back and forth from one exchange to another and making profit that way.
Just asking - it seems this way and it seems like it could kill confidence.
I suspect that it's because people are realizing Poloniex may be insolvent because of the XCP debacle. I'm not comfortable depositing BTC there right now to buy Darkcoin even with the current price discrepancy and the wonderful opportunity for arbitrage. |
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Aurora is not interesting. You could spread bitcoin yourself if you wanted to, but there is a slight difference. Bitcoin is actually worth something.
I agree it would be neat to be able to spread $100+ with of Bitcoin to 350,000 people in a single country but very few in this world have the capital to do that. That's the incredible aspect of altcoins and Auroracoin. It can be created and if people think it is a good idea, they can adopt it and it is given value. And now the coins that are going to be given to the Icelandic people are worth over $100 and rising. All with very negligible startup costs. It's very exciting in my opinion. |
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Posting for free .2 coins |
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I just heard a rumor (no idea if it's true and it very well may not be) that Cryptsy isn't going to add Darkcoin to their exchange because they are going through the steps in the USA to comply with the laws necessary to be able to accept dollar deposits and withdrawals in every state. And they're worried that being associated with, "An anonymous Darkcoin that may be tied to illegal activity by the media" might hinder that.
Thoughts?
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Awful lot of selling going on right now  |
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My windows wallet isn't syncing. I'm running V 1.1.1.1 and connected to 8 nodes and wallets from other coins sync fine. Any ideas?
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