Mincoin rises 50% today while feathercoin and chinacoin crash

[manface]

Mincoin rose 50% today in price compared to the other altcoins.

http://www.mcxnow.com/exchange/MNC

http://www.cryptocoincharts.info/period-charts.php?period=2-days&resolution=hour&pair=mnc-btc&market=mcxnow


Because there is only 2880 mincoins mined a day the pressure on the price to increase is much greater than even Bitcoin which produces 3600 coins per day or litecoin which produces 28800 per day.

[zdarkazn]

Check List of Alt-coins sticky by xorxor before doing anything. I almost invested in this, but then I read that some guy admitted that he had over 5% of all coins, so no thanks

[manface]

Check List of Alt-coins sticky by xorxor before doing anything. I almost invested in this, but then I read that some guy admitted that he had over 5% of all coins, so no thanks

Early miners mined easier coins than later miners? You don't say. lol. According to the charts over 1.2 million mincoins have been traded which is more than the whole currency. All the early miners have dumped already and price is rising. Unlike the other coins the inflation is so low on mincoin that price can go nowhere else but up over time.

[jonptl]

Early miners mined easier coins than later miners? You don't say. lol. According to the charts over 1.2 million mincoins have been traded which is more than the whole currency. All the early miners have dumped already and price is rising. Unlike the other coins the inflation is so low on mincoin that price can go nowhere else but up over time.

1.2mil coins traded means ALL miners have dumped already? Yer logic is flawed dude. What about multiple trades of the same coins? Its just volume dude, not the absolute number of coins.

Anyways, without any real world backing, the coin will fail. But its still too early say whether the developers are pushing for this.

[zdarkazn]

Check List of Alt-coins sticky by xorxor before doing anything. I almost invested in this, but then I read that some guy admitted that he had over 5% of all coins, so no thanks

Early miners mined easier coins than later miners? You don't say. lol. According to the charts over 1.2 million mincoins have been traded which is more than the whole currency. All the early miners have dumped already and price is rising. Unlike the other coins the inflation is so low on mincoin that price can go nowhere else but up over time.

Obviously, you did not read the sticky. Let me help you with that. "similar to BBQ, but very bad launch giving 10% of all coins to insiders."

[psybits]

Check List of Alt-coins sticky by xorxor before doing anything. I almost invested in this, but then I read that some guy admitted that he had over 5% of all coins, so no thanks

There's only 1 million in circulation so far and this coin has the lowest creation rate of any coin - this isn't something to be concerned about.

[aysyr]

Check List of Alt-coins sticky by xorxor before doing anything. I almost invested in this, but then I read that some guy admitted that he had over 5% of all coins, so no thanks

There's only 1 million in circulation so far and this coin has the lowest creation rate of any coin - this isn't something to be concerned about.

I think he means 5% of all coins that will ever be created :p

[manface]

Check List of Alt-coins sticky by xorxor before doing anything. I almost invested in this, but then I read that some guy admitted that he had over 5% of all coins, so no thanks

Early miners mined easier coins than later miners? You don't say. lol. According to the charts over 1.2 million mincoins have been traded which is more than the whole currency. All the early miners have dumped already and price is rising. Unlike the other coins the inflation is so low on mincoin that price can go nowhere else but up over time.

Obviously, you did not read the sticky. Let me help you with that. "similar to BBQ, but very bad launch giving 10% of all coins to insiders."

So because xorxor posted it it is true? Get out of here. He knows nothing about mincoin and added that because he was holding feathercoin at the time.

[zdarkazn]

Check List of Alt-coins sticky by xorxor before doing anything. I almost invested in this, but then I read that some guy admitted that he had over 5% of all coins, so no thanks

Early miners mined easier coins than later miners? You don't say. lol. According to the charts over 1.2 million mincoins have been traded which is more than the whole currency. All the early miners have dumped already and price is rising. Unlike the other coins the inflation is so low on mincoin that price can go nowhere else but up over time.

Obviously, you did not read the sticky. Let me help you with that. "similar to BBQ, but very bad launch giving 10% of all coins to insiders."

So because xorxor posted it it is true? Get out of here. He knows nothing about mincoin and added that because he was holding feathercoin at the time.

Good luck with that story. That was there before FeatherCoin was even launched.

[psybits]

Check List of Alt-coins sticky by xorxor before doing anything. I almost invested in this, but then I read that some guy admitted that he had over 5% of all coins, so no thanks

There's only 1 million in circulation so far and this coin has the lowest creation rate of any coin - this isn't something to be concerned about.

I think he means 5% of all coins that will ever be created :p

Ahhh I see - well it is still less coins than say the US owns in USD 

[powdabam]

Check List of Alt-coins sticky by xorxor before doing anything. I almost invested in this, but then I read that some guy admitted that he had over 5% of all coins, so no thanks

There's only 1 million in circulation so far and this coin has the lowest creation rate of any coin - this isn't something to be concerned about.

I think he means 5% of all coins that will ever be created :p

Ahhh I see - well it is still less coins than say the US owns in USD 

Horrible logic, I hope you were kidding.

[manface]

Check List of Alt-coins sticky by xorxor before doing anything. I almost invested in this, but then I read that some guy admitted that he had over 5% of all coins, so no thanks

Early miners mined easier coins than later miners? You don't say. lol. According to the charts over 1.2 million mincoins have been traded which is more than the whole currency. All the early miners have dumped already and price is rising. Unlike the other coins the inflation is so low on mincoin that price can go nowhere else but up over time.

Obviously, you did not read the sticky. Let me help you with that. "similar to BBQ, but very bad launch giving 10% of all coins to insiders."

So because xorxor posted it it is true? Get out of here. He knows nothing about mincoin and added that because he was holding feathercoin at the time.

Good luck with that story. That was there before FeatherCoin was even launched.

Well it was another alt coin I cant remember what. Read xorxor posts at the time he has a vendetta against mincoin for some reason. If you believe what you read on the internet I have an island to sell you for $1000. Your proof that 10% of all the coins was mined by one person is a post by xorxor? Horrible logic.

[zdarkazn]

Check List of Alt-coins sticky by xorxor before doing anything. I almost invested in this, but then I read that some guy admitted that he had over 5% of all coins, so no thanks

Early miners mined easier coins than later miners? You don't say. lol. According to the charts over 1.2 million mincoins have been traded which is more than the whole currency. All the early miners have dumped already and price is rising. Unlike the other coins the inflation is so low on mincoin that price can go nowhere else but up over time.

Obviously, you did not read the sticky. Let me help you with that. "similar to BBQ, but very bad launch giving 10% of all coins to insiders."

So because xorxor posted it it is true? Get out of here. He knows nothing about mincoin and added that because he was holding feathercoin at the time.

Good luck with that story. That was there before FeatherCoin was even launched.

Well it was another alt coin I cant remember what. Read xorxor posts at the time he has a vendetta against mincoin for some reason. If you believe what you read on the internet I have an island to sell you for $1000. Your proof that 10% of all the coins was mined by one person is a post by xorxor? Horrible logic.

When did I say 10% of all coins mined by one person? Read correctly. I've read around the forums before and there is a post somewhere that a guy admits he was able to acquire 5% of all coins. Do you think I believe everything I read on the internet? I do my own snooping around too, unlike you.  You, are just another advertiser for this coin.

[zdarkazn]

I will not post in this thread anymore, I no longer want to give this thread free bumps.

[GSnak]

I imagine the value will climb on all the low volume exchanges until it randomly appears on BTC-e and then the value will plummet within 24 hours.

[mkmen]

 
    *Only 10 million coins total will be generated
    *1 minute block targets for ultra fast transactions
    *To encourage early adoption block values for first 3 days are :- 500 MNC, 100 MNC, 50 MNC
    *After first 3 days block value will be 2 MNC per block until all coins mined which will take roughly 10 years
    *Retargets 2 times a day

I think that's all you need to know about mincoin

[Starlightbreaker]

and with solidcoins merged into mincoins?

yeah, that's pretty much the lord of all premines getting integrated into the blockchain.

[psybits]

Check List of Alt-coins sticky by xorxor before doing anything. I almost invested in this, but then I read that some guy admitted that he had over 5% of all coins, so no thanks

There's only 1 million in circulation so far and this coin has the lowest creation rate of any coin - this isn't something to be concerned about.

I think he means 5% of all coins that will ever be created :p

Ahhh I see - well it is still less coins than say the US owns in USD  

Horrible logic, I hope you were kidding.

1 person owning 5% in a decentralised distributed system is far better than one entity owning the whole system - is it not? Apparently Satoshi himself holds 1.5 million Bitcoins.

[TheSwede75]

Yes, mincoin. 0 diff at start, and traded on one specific location. OH HOW CAN I BUY ALL OF THEM!! *sigh*

[TheSwede75]

 
    *Only 10 million coins total will be generated
    *1 minute block targets for ultra fast transactions
    *To encourage early adoption block values for first 3 days are :- 500 MNC, 100 MNC, 50 MNC
    *After first 3 days block value will be 2 MNC per block until all coins mined which will take roughly 10 years
    *Retargets 2 times a day

I think that's all you need to know about mincoin

No shit. It's like the ultimate scamcoin. I don't think I could have designed it worse if I tried. Dev must have had a brain tumor setting the diff and bloc reward.