|
1741
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT]Mintcoin, Energy Saving Coin With a Fast Distribution *CoinPayments
|
on: February 28, 2014, 06:05:27 PM
|
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? |
|
|
|
|
1744
|
Alternate cryptocurrencies / Altcoin Discussion / Re: MINTCOIN vs VERTCOIN **investment decision**
|
on: February 28, 2014, 01:15:36 AM
|
|
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.
|
|
|
|
|
1747
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT]Mintcoin, Energy Saving Coin With a Fast Distribution *6 Exchanges
|
on: February 23, 2014, 06:35:51 PM
|
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. |
|
|
|
|
1748
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT]Mintcoin, Energy Saving Coin With a Fast Distribution *7 Exchanges
|
on: February 23, 2014, 04:28:02 PM
|
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. |
|
|
|
|
1750
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT]Mintcoin, Energy Saving Coin With a Fast Distribution *7 Exchanges
|
on: February 23, 2014, 03:43:06 PM
|
|
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.
|
|
|
|
|
1755
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT]Mintcoin, Energy Saving Coin With a Fast Distribution *7 Exchanges
|
on: February 22, 2014, 01:11:04 PM
|
|
Marketed correctly I see big potential growth in Mintcoin's price. I am a Peercoin fan, but the pure proof of stake mining which will save wasted energy won't come for years. Mintcoin is embracing the future now and carving out a nice niche for itself.
Unless something disasterous occurs it's a no-brainer this coin hits 10 million dollars market cap in the next couple of weeks. Especially with 2 more reward halvings to look forward to in the next 2 weeks.
Most of the volume now is just from mintpal. Wait til we hit bigger exchanges like cryptsy and then there is the chinese pumps to look forward to once we hit the chinese exchanges. Good times ahead.
|
|
|
|
|
1757
|
Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MINT]Mintcoin, Energy Saving Coin With a Fast Distribution *6 Exchanges
|
on: February 22, 2014, 01:14:38 AM
|
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. |
|
|
|
|
1759
|
Alternate cryptocurrencies / Altcoin Discussion / Re: Wow! Next pump?
|
on: February 13, 2014, 07:45:23 PM
|
|
The price is rising because it's a cryptocurrency not based on the Bitcoin protocol and thus isn't experiencing the issues Bitcoin and it's clones are.
An event like this makes it clear why it's good having a crypto based on a whole different codeset and concept a good idea.
|
|
|
|
|
Show Posts
, expect prices to rise.
