Minexcoin - A new era of payments

[Antona]

joined Minexcoin bounty campaign sir
thank you

[1715170380]

1715170380

[1715170380]

1715170380

[1715170380]

1715170380

[MineCoin.org]

joined Minexcoin bounty campaign sir
thank you

Thank You!

[operabit]

And more than 3900 unique visitors on the site and more than 5400 visits!
And it's only for 6 days!

Because people are very happy when they hear the new ICO project. Congratulations!

[MineCoin.org]

And more than 3900 unique visitors on the site and more than 5400 visits!
And it's only for 6 days!

Because people are very happy when they hear the new ICO project. Congratulations!

Thank you!

[MineCoin.org]

Tomorrow everyone will get shares for weekly activity. Dont forget to check! Thank You for participating!

[HabiebRiziq]

done for joining bounty campaign  good luck for your project dev!

[sabotag3x]

replying to follow the main thread to hear about the news.

good luck devs, will be a great project!

[MineCoin.org]

I would like to propose a discussion on the prospects for the development of minexcoin and the minex ecosystem. What are our assumptions about the possibility of widespread minexcoin as a global means of payment?

[MineCoin.org]

1. Skeptics say that the problem of all crypto currency is that the Crypto currency, if we consider it in the role of money, has a significant disadvantage compared to conventional money. Crypto-currency, say skeptics, unsecured by gold or any other material assets, as well as for crypto-currencies are not worth the economies of states. Let me answer the skeptics: "The fact is that since the introduction of fiduciary money a lot of time has passed, and to date in no country in the world does not exist money secured by anything. The financial system of the world is based on fiat money (from the Latin fiat - a decree, a decree, "so be it") (Government also set the weight and metallic composition of coins. Later they replaced fiduciary paper money - promises to pay in gold or silver - With fiat paper money - that is, notes that are issued on the "fiat" of the sovereign government, are specified to be so many dollars, pounds, or yen, etc., and are legal tender but are not promises to pay something else. Milton Friedman. Encyclopaedia Britannica)
In fact, we use the money that was imposed on us by the principle "so be it" our governments. And phiatic money is not less virtual than crypto money. And the gold standard was officially canceled 40 years ago at the 1976 Jamaica Conference. In fact, we have been using virtual money for 40 years, simply from the habit of believing that they are something provided. So Bitcoin, Minexcoin, any other crypto currency is any different, in terms of asset security, from fiat money.

[MineCoin.org]

2. The basis for the circulation and distribution of real money is "centralism." In contrast to crypto money, which is based on the principle of "consensus" (Latin consensus - agreement, sympathy, unanimity). That is, we use fiat money because one person made such a decision and imposed it on other members of the society. And crypto money is used by those who divided the consensus. It is impossible to impose a crypto currency "from above". It can develop only within the community, whose members accept this crypto currency as a means of payment and the equivalent of value. Skeptics say that any crypto currency is a pyramid, because the price of bitcoin is growing. Strongly disagree with this statement. The main task of the crypto currency is to expand the circle of participants in this consensus. Just the circle of participants who have divided the consensus, grows faster and outstrips the pace of quantitative growth of the crypto currency. And this phenomenon in turn causes an increase in the cost of crypto currency.

[Dlugina23]

What is this mars algo i try to find in net but nothing specific?

[MineCoin.org]

It is based on this statement, we found the difference in the growth rates of the number of participants who divided the consensus and the rate of quantitative growth of the crypto currency. We received the first targeting of Minexbank which expresses the growth of the cost of Minexcoin at the level of 33.6% per year. In our opinion, Minexcoin should be in the trend of the crypto currency world in order to possibly ensure, at a minimum, the evolutionary distribution of minexcoin as a means of payment.
This value will be used by the Minexbank during 2017 and may be changed depending on the development trends of cryptoeconomics in the future.
(look before)

[MineCoin.org]

But we do not want to put up with the fact that the crypto currencies will evolve in an evolutionary way first because it's very long. If the rate of Bitcoin distribution is maintained at the current level, Bitcoin will be accepted as a payment element, the equivalent of exchange value, and the means of accumulation on a global scale only by 2050.
The main problem on the way to the development of the Crypto-currency as a generally accepted cash is the high volatility of the crypto currency. This was repeatedly stated by the representatives of the IMF, the European Central Bank and many others. Also, the problem of the distribution of crypto-currency as a means of payment was discussed at the margins of the International Economic Forum in Davos and in 2016 and in 2017. Yes, high volatility made popular the crypto currency for use on stock exchanges, but also led to the fact that users of crypt currencies, according to our estimates, are stock speculators by 90%. This factor, we believe, does not allow for a revolutionary breakthrough of crypto currencies into the world economic system. Minexbank, with its interest rates for parking operations, in our opinion, can be an incentive that expands the circle of users due to the use of Minexcoin by medium-and long-term investors, at the first stage. The increase in the number of medium- and long-term investors in turn will stabilize the cost of Minexcoin and reduce its volatility, which will lead to a wide use of Minexcoin in settlement transactions. It is the wide use of crypto currency in settlement operations that will be the driver of the revolutionary spread of both Minexcoin and other crypto-currencies.

[elegant_joylin]

Do you have the updated translation spreadsheet?

[ltcrstrbrt]

Romanian Translation of OP is done! - https://bitcointalk.org/index.php?topic=1857125.0
Also I sent you a PM!

[MineCoin.org]

Romanian Translation of OP is done! - https://bitcointalk.org/index.php?topic=1857125.0
Also I sent you a PM!

Thank you. In the morning we will update the topic. Now it's too late and everyone is relaxing

[sabotag3x]

It is based on this statement, we found the difference in the growth rates of the number of participants who divided the consensus and the rate of quantitative growth of the crypto currency. We received the first targeting of Minexbank which expresses the growth of the cost of Minexcoin at the level of 33.6% per year. In our opinion, Minexcoin should be in the trend of the crypto currency world in order to possibly ensure, at a minimum, the evolutionary distribution of minexcoin as a means of payment.
This value will be used by the Minexbank during 2017 and may be changed depending on the development trends of cryptoeconomics in the future.
(look before)

That's my doubt, how the top10 criptos will continue growing 33,6% a year for decades? In this way both 10 will have marketcap of 1 trillion. I believe that some will continue growing and some will disapear and open space to others coins on the top10, so minexcoin will left this dumping coins and start to invest on new growing ones that will be on top10, right? How will be made this transaction between coins? minexcoin will wait the "new strong coins" appears on top10 or will invest before this(and left the coin that the marketcap is going down)?

[MineCoin.org]

It is based on this statement, we found the difference in the growth rates of the number of participants who divided the consensus and the rate of quantitative growth of the crypto currency. We received the first targeting of Minexbank which expresses the growth of the cost of Minexcoin at the level of 33.6% per year. In our opinion, Minexcoin should be in the trend of the crypto currency world in order to possibly ensure, at a minimum, the evolutionary distribution of minexcoin as a means of payment.
This value will be used by the Minexbank during 2017 and may be changed depending on the development trends of cryptoeconomics in the future.
(look before)

That's my doubt, how the top10 criptos will continue growing 33,6% a year for decades? In this way both 10 will have marketcap of 1 trillion. I believe that some will continue growing and some will disapear and open space to others coins on the top10, so minexcoin will left this dumping coins and start to invest on new growing ones that will be on top10, right? How will be made this transaction between coins? minexcoin will wait the "new strong coins" appears on top10 or will invest before this(and left the coin that the marketcap is going down)?

Absolutely not correct interpretation. It is a question of linking to Minexcoin to the cross-rate of 10 top-level caps on the level of capitalization. And then only in the following sense: All investors and holders of Minexcoin will be interested in the price of Minexcoin in dollars. How to determine it if the main trading volumes on the exchanges are trades in pairs of crypto / crypto. But the price of all these top 10 crypto-currencies is strongly changing in relation to the dollar. The Minexbank algorithm for work will need to evaluate the current cost of Minexcoin with an interval of 1 second. For example, Minexcoin costs 0.01 BTC, and BTC costs $ 1200. This means that 1MNC costs $ 12. But what if the BTC falls sharply or rises? Minexbank will not have correct information about the currently cost of Minexcoin. And he will take the wrong decision. In order to avoid this, Minexbank will recalculate the current MNC value to the dollar every second not through just BTC, but through each of the top 10 currencies, taking into account the level of each currency's capitalization to the top 10 basket.
If you do not understand clearly, do not hesitate, ask.

[MineCoin.org]

It is based on this statement, we found the difference in the growth rates of the number of participants who divided the consensus and the rate of quantitative growth of the crypto currency. We received the first targeting of Minexbank which expresses the growth of the cost of Minexcoin at the level of 33.6% per year. In our opinion, Minexcoin should be in the trend of the crypto currency world in order to possibly ensure, at a minimum, the evolutionary distribution of minexcoin as a means of payment.
This value will be used by the Minexbank during 2017 and may be changed depending on the development trends of cryptoeconomics in the future.
(look before)

That's my doubt, how the top10 criptos will continue growing 33,6% a year for decades? In this way both 10 will have marketcap of 1 trillion. I believe that some will continue growing and some will disapear and open space to others coins on the top10, so minexcoin will left this dumping coins and start to invest on new growing ones that will be on top10, right? How will be made this transaction between coins? minexcoin will wait the "new strong coins" appears on top10 or will invest before this(and left the coin that the marketcap is going down)?

Absolutely not correct interpretation. It is a question of linking to Minexcoin to the cross-rate of 10 top-level caps on the level of capitalization. And then only in the following sense: All investors and holders of Minexcoin will be interested in the price of Minexcoin in dollars. How to determine it if the main trading volumes on the exchanges are trades in pairs of crypto / crypto. But the price of all these top 10 crypto-currencies is strongly changing in relation to the dollar. The Minexbank algorithm for work will need to evaluate the current cost of Minexcoin with an interval of 1 second. For example, Minexcoin costs 0.01 BTC, and BTC costs $ 1200. This means that 1MNC costs $ 12. But what if the BTC falls sharply or rises? Minexbank will not have correct information about the currently cost of Minexcoin. And he will take the wrong decision. In order to avoid this, Minexbank will recalculate the current MNC value to the dollar every second not through just BTC, but through each of the top 10 currencies, taking into account the level of each currency's capitalization to the top 10 basket.
If you do not understand clearly, do not hesitate, ask.

And one more thing: Minexcoin is not designed to invest. Owners and only owners of Minexcoin will always decide what to do with their own money. In other words, Minexcoin is simply a means of payment, and Minexbank is a decentralized tool that supports the stable growth of Minexcoin

[Sarisang]

I want to joined Minexcoin bounty campaign
support them