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Author Topic: ⚡️⚡️⚡️[ANN]GoldMint - ICO is over. $7.3M collected.⚡️⚡️⚡️  (Read 168990 times)
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September 25, 2017, 05:35:16 PM
 #1801

Apologies if I am incorrect about this... but isn't this the antithesis of what crypto essentially is? This would put the worth of said blockchain into what seems to be a lump sum of gold. But assets are diluted due to the POS you have implemented?

Using a centralized source of wealth like gold only increases the risk of the entire project as gold is frequently stolen, sometimes even by governments. I just feel like I see more and more of these pop up and people do not realize the essential value of crypto is not a receipt for what should be in someone's vault. It should be a reward for securing the world's most important resource which is data. Sorry if I am getting preachy. I just do not understand the appeal of stuff like this. Gold is something you buy and hold in your hand. Crypto is something that is decentralized and nobody can ever take it away from you.

Sell me on your crypto, not on gold please. Everything you have been saying is just what the current system is doing and is a huge trust system mess of debt with what used to be enough gold to make every dollar worth some of it. Systems like this deteriorate over time as humans pull crap. How will you deter the negative side of holding gold through a blockchain solution (I suppose is my main question)? I have already read through everything, and it seems like there is no guarantee that someone wouldn't doublespend the gold which would leave your system with whatever debt was left over by the transaction right? Or if someone stole the gold, what would happen to the asset?

Also, you misspelled traders as "traiders" in your PR graphics and it bugs the crap out of me.
Pretty obvious you are only interested in answering the same basic shill questions now to build up the number of pages here to try to create the illusion of interest in the project. These shill questions that are filling the pages are horrible though, you should really adjust the script away from such basic questions as "what do you hope to achieve in the project" over and over and over. This thread is just shills and spam if anyone actually digs into it.

"the destruction of privacy widens the existing power imbalance between the ruling factions and everyone else" -- Julian Assange
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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September 25, 2017, 11:16:27 PM
 #1802

Apologies if I am incorrect about this... but isn't this the antithesis of what crypto essentially is? This would put the worth of said blockchain into what seems to be a lump sum of gold. But assets are diluted due to the POS you have implemented?

Using a centralized source of wealth like gold only increases the risk of the entire project as gold is frequently stolen, sometimes even by governments. I just feel like I see more and more of these pop up and people do not realize the essential value of crypto is not a receipt for what should be in someone's vault. It should be a reward for securing the world's most important resource which is data. Sorry if I am getting preachy. I just do not understand the appeal of stuff like this. Gold is something you buy and hold in your hand. Crypto is something that is decentralized and nobody can ever take it away from you.

Sell me on your crypto, not on gold please. Everything you have been saying is just what the current system is doing and is a huge trust system mess of debt with what used to be enough gold to make every dollar worth some of it. Systems like this deteriorate over time as humans pull crap. How will you deter the negative side of holding gold through a blockchain solution (I suppose is my main question)? I have already read through everything, and it seems like there is no guarantee that someone wouldn't doublespend the gold which would leave your system with whatever debt was left over by the transaction right? Or if someone stole the gold, what would happen to the asset?

Also, you misspelled traders as "traiders" in your PR graphics and it bugs the crap out of me.
Pretty obvious you are only interested in answering the same basic shill questions now to build up the number of pages here to try to create the illusion of interest in the project. These shill questions that are filling the pages are horrible though, you should really adjust the script away from such basic questions as "what do you hope to achieve in the project" over and over and over. This thread is just shills and spam if anyone actually digs into it.

Greetings!

Concluding all above said. Our founders decided to increase cryptocurrencies turnover and bring other benefits out of physical gold by developing custody bots.

With regards
team GOLDMINT

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September 25, 2017, 11:31:59 PM
 #1803

Finally, thank you. Now I'll check announcement threads more
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September 25, 2017, 11:39:06 PM
 #1804

which assets can be deposited to the custody bot?
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September 25, 2017, 11:45:06 PM
 #1805

why can custody bot automate gold valuables assessment?
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September 25, 2017, 11:46:10 PM
 #1806

GOOD BRO

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September 26, 2017, 12:01:01 AM
 #1807

why does gold jewelry need extra examination from a specialist?
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Alexander KOSTIN | GoldMint


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September 26, 2017, 12:06:39 AM
 #1808

Greetings!

which assets can be deposited to the custody bot?

Gold jewelry, small ingots (up to 100 grams) and coins.

why can custody bot automate gold valuables assessment?

Custody Bot can replace pawnshops as it is more transparent and almost totally automated.

why does gold jewelry need extra examination from a specialist?

Manual inspection is needed each time gold jewelry undergoes inspection, as there is no common standard for this type of commodity.

With regards,
team GOLDMINT

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September 26, 2017, 12:20:29 AM
 #1809

which details of gold valuables examination are sent to the blockchain?
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September 26, 2017, 12:56:55 AM
 #1810

what happens when physical gold is withdrawn from custody bot?
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September 26, 2017, 01:00:16 AM
 #1811

what are the costs of custody bot development?
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September 26, 2017, 01:03:53 AM
 #1812

as a trader only i dont give a shit.
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Alexander KOSTIN | GoldMint


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September 26, 2017, 01:16:14 AM
 #1813

Greetings!

which details of gold valuables examination are sent to the blockchain?

The details of both inspections - i.e., the data results of the spectral analysis and the hydrostatic weighing - are stored in GoldMint's blockchain. The timestamps on the valuable’s acceptance and withdrawal are also stored in blockchain. Custody Bot will be distributed in pawnshops and trade centres.

what happens when physical gold is withdrawn from custody bot?

When physical gold is withdrawn from Custody Bot, the corresponding number of GOLD assets are destroyed.

what are the costs of custody bot development?

Spectrometer = $5,000-6,000 Scales = $200-300 Internal manipulator = $2,000-5,000 Built-in PC, touch screen, keyboard = $1,000-1,500 Armored box = $2,000-7,000 Installation, adjustment and commissioning = $500-1,500 Total: $10,700 - 21,300

With regards,
team GOLDMINT

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September 26, 2017, 01:22:22 AM
 #1814

When was the pre-ICO? I haven't heard anything about it.
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September 26, 2017, 01:26:09 AM
 #1815

Can US/Singapore citizens participate in the ICO?
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September 26, 2017, 01:28:34 AM
 #1816

Dear destruct,

You said it is going to be Graphene-based (just like BitShares and Steem are). Is it going to be Delegated Proof-of-Stake just like those other Graphene-based blockchains? Delegated means it is voting-based, which means our stake means we can vote for the witnesses / block producers / miners (whatever people like to call them).

I don't know any Graphene based blockchain that is purely Proof of Stake as you said. All of them are voting-based (DPoS). Please clarify that for us!

By the way, Graphene is awesome. This was a very good call. by dev team.

Thanks for your attention!

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September 26, 2017, 01:32:05 AM
 #1817

How will be distributed tokens during ICO event?
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September 26, 2017, 01:38:11 AM
 #1818

This looks very worth watching.
Seriously.
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Alexander KOSTIN | GoldMint


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September 26, 2017, 01:46:19 AM
 #1819

Greetings!

When was the pre-ICO? I haven't heard anything about it.

Our pre-ICO was private. We had only 300,000 tokens each presented to 27 person and 3 venture funds only.

You still can join our upcoming ICO.
You will be able to buy our tokens using your ETH or BTC.
Minimum investment can be 1 MNTP token and $7 equally.

We'll open a prior registration at goldmint.io in 2-3 days.
You'll be able to register and get access to addresses you'll use to send transfers.

Can US/Singapore citizens participate in the ICO?

Citizens,  residents  (tax  or  otherwise)  and  green  card holder  of the United  States  of America
or  Singapore,  or  other  U.S.  or  Singapore person  are  exempt  from buying MNT tokens.  The 
term  “U.S.  or   Singapore  Person”   refers  to  anyone  who  lives  in  the  United  States  or 
Singapore  or  to  any  entity  that  is  incorporated  under  United  States  or  Singapore  law. 
American   citizens   living   abroad   can   also  be  considered  “U.S.  Persons”  under  certain 
conditions.

How will be distributed tokens during ICO event?

Release  of  MNT  tokens  are  done  by  Ethereum-based  smart  contracts,  specially  used  for distribution of tokens.   
80% of 10 000 000 MNT are released during ICO launch. 
GoldMint  team  receives  two  million  MNT  tokens,  and  no  more  than  500  000  per  quarter distributed via a special wallet. 
Some consultants receive MNT tokens two months after ICO launch. 
Smart contracts can automatically trade ETH into MNT. 
The number  of tokens to be transmitted to a particular user depends on the sum at the time of its receipt by GoldMint.

With regards,
team GOLDMINT

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September 26, 2017, 01:52:07 AM
 #1820

Why don't you use ETH blockchain?
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