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Author Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]  (Read 1341995 times)
draco71
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March 31, 2014, 09:39:29 AM
 #11441

man, i post one time in the blackcoin thread and boy they don't like MINT people Cheesy

You are not honest. You went there telling them to sell their BCs in order to buy MINT. You were trolling and this is not good for MINT or any other coin.

My heart belongs to RieCoin (RIC), my investments to BlackCoin (BC)
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eddy937
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March 31, 2014, 09:45:45 AM
 #11442

Hey. How come Mintcoin is doing so well right now?

I am curious about that too. Bitcoin was falling like a stone yesterday but mint was actually rising at the same time. It looks like mint was a better bet than bitcoin yesterday and it's the last thing I expected.
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March 31, 2014, 09:59:39 AM
 #11443

Some progress on the Mintcoin Fund
(crossposted on mintcointalk.com)

  • Yesterday, I received the premine. Mint was at 20 satoshi, I placed a buy order at sell order at 21, expecting people would buyt it (it could have been the opposite and the price going down to 19 satoshi; I am not sure I should do this again).
  • Today, I sent the BTC conversion to a fiat exchange (the beloved and most secure bitcoin-central.net). It should arrive in one hour and then I will place a sell order I don't know at which price yet (market price, I guess, since BTC is falling down)
  • Tomorrow, it will be converted in Euros and I will transfer it to my own account with SEPA transfer
  • On the second of April, I should receive the Euro equivalent
  • From then on, I will contact the French administration will all due papers. They will read the bylaws, hopefully say the bylaws are acceptable and will publish the creation on the Journal officiel (Official Registry).
  • At this moment, we will make a major announcement. I will announce it in advance so that you guys get prepared to a contextual pump (contextual pump = not a pump because of market manipulation but because of an external even, here the announcement). Those who wish could sell their MINT and buy them back once the pump has faded (there is the risk is doesn't fade away and so that it cost you money - i any case, it would cost you your coin age). The risk/reward ratio is pretty good IMHO, but the risk is not zero, anyway
  • Then I will initiate two things: First, opening up a bank account, probably in a bank which is crowdfunding-friendly (I have my sources on this). Second, I will send the fiscal administration a request for rescript, that is an written, compelling evidence that they will accept tax-reduction for the Fund. If they say "yes", great, we can start moving. If they say "no", we will be allowed some time to change the wording so that they agree with it.

So, this is the plan Smiley

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dille71
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March 31, 2014, 10:11:10 AM
 #11444

Hey. How come Mintcoin is doing so well right now?

I am curious about that too. Bitcoin was falling like a stone yesterday but mint was actually rising at the same time. It looks like mint was a better bet than bitcoin yesterday and it's the last thing I expected.
One reason could be the thunderclap thing

Mintcoin: MsFGc9atNN6DddEsQHiq7MgDieoSLwtmg5
InformationCoin: Je4ZhmQBSd68oZ7CeXWMrWEsyprTXAVFuX
David Latapie
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March 31, 2014, 10:13:28 AM
 #11445

Hey. How come Mintcoin is doing so well right now?

I am curious about that too. Bitcoin was falling like a stone yesterday but mint was actually rising at the same time. It looks like mint was a better bet than bitcoin yesterday and it's the last thing I expected.
The reality is more complex (IMHO):
  • Short-term: Pump. Second, there was a pump on mintcoin, yesterday. Some people, at least on the French forum, believe it is still occuring. I made my best to inform them that this is not the case, that the current price is the normal price, but the only thing I can say is that for some people, the price is inflated => they are ready to dump. That's why it is very important to not rest on our laurels and continue to propagate mintcoins ideals and actions. Dump occurs when we rest on our laurels (I am not saying that not resting on our laurels will prevent a dump, but at least it will be much less damaging).
  • Medium term: Cognitive biases. First, mintcoin thread, like any altcoin thread that I know of, heavily suffers from confirmation bias. As a rule of thumb, the less lines in a post, the less reliable it is - whatever it says. Also, excessive optimism is de rigueur and when something goes wrong, cognitive dissonance steps in ("yeah that's normal it is falling down, because this and that", said the one who said "to the moon" tow days ago). Better insight from posters would make the coin much less subject to "mood swing" (nxt is particularly good at avoiding this, probably because they are much less focused on price fluctuations)
  • Long-term: Committed community and clear message. Third, and this is the most important: the community stood still in dire times, the dev is getting more and more merchants in and our message of sustainable development is getting more and more visible. The upcoming Mintcoin Fund will further fulfill this message. This whas will matter in the end.

Please keep in mind this is just my point of view as a human being. This is not an official statement from the team.

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omahapoker
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March 31, 2014, 10:14:33 AM
 #11446

man, i post one time in the blackcoin thread and boy they don't like MINT people Cheesy

You are not honest. You went there telling them to sell their BCs in order to buy MINT. You were trolling and this is not good for MINT or any other coin.

i just went and posted my opinion, so shoot me.
leckey
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March 31, 2014, 11:05:54 AM
 #11447

https://mintcoin-dice.com now has a betting bot available to IRC users on freenode! It's sitting in #mintcoin and #mintcoindice

To get started, you'll need to sign up and get an API key at http://mintcoin-dice.com

Then: /msg mintcoindice help for a list of commands.

Commands available are: getbalance, roll <chance> <amount>

All commands must be preceded with an API key. For example:

/msg mintcoindice your_api_key roll 50.5 10

This will bet 10 MINT at a chance of 50.5%. The bot will return with whether you won or lost, as well as profit/loss associated with the bet, and your new balance after the bet.
ol92
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March 31, 2014, 11:37:06 AM
 #11448

Hey. How come Mintcoin is doing so well right now?

I am curious about that too. Bitcoin was falling like a stone yesterday but mint was actually rising at the same time. It looks like mint was a better bet than bitcoin yesterday and it's the last thing I expected.
The reality is more complex (IMHO):
  • Short-term: Pump. Second, there was a pump on mintcoin, yesterday. Some people, at least on the French forum, believe it is still occuring. I made my best to inform them that this is not the case, that the current price is the normal price, but the only thing I can say is that for some people, the price is inflated => they are ready to dump. That's why it is very important to not rest on our laurels and continue to propagate mintcoins ideals and actions. Dump occurs when we rest on our laurels (I am not saying that not resting on our laurels will prevent a dump, but at least it will be much less damaging).
  • Medium term: Cognitive biases. First, mintcoin thread, like any altcoin thread that I know of, heavily suffers from confirmation bias. As a rule of thumb, the less lines in a post, the less reliable it is - whatever it says. Also, excessive optimism is de rigueur and when something goes wrong, cognitive dissonance steps in ("yeah that's normal it is falling down, because this and that", said the one who said "to the moon" tow days ago). Better insight from posters would make the coin much less subject to "mood swing" (nxt is particularly good at avoiding this, probably because they are much less focused on price fluctuations)
  • Long-term: Committed community and clear message. Third, and this is the most important: the community stood still in dire times, the dev is getting more and more merchants in and our message of sustainable development is getting more and more visible. The upcoming Mintcoin Fund will further fulfill this message. This whas will matter in the end.

Please keep in mind this is just my point of view as a human being. This is not an official statement from the team.

Very good analysis!
thisisit
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March 31, 2014, 11:37:32 AM
 #11449

Hey. How come Mintcoin is doing so well right now?

I am curious about that too. Bitcoin was falling like a stone yesterday but mint was actually rising at the same time. It looks like mint was a better bet than bitcoin yesterday and it's the last thing I expected.

it is being manipulated... you can see it with the 90 btc buy orders. these are not real buys.

someone is just playing to get price up and tries to get everyone to follow along in the process.

btc harvesting. they pick coins with a large community for a reason. many potential btc, such profits. wow

it also helps the coin in totalmarketcap which will be noticed. so perhaps devs, some secret force at play?

ps. this is not trolling. if not interested in this post. move along... Smiley

any coin that makes me a profit.
drent301
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March 31, 2014, 11:41:59 AM
 #11450

I want to invest in Mintcoin, because i see a great opportunity for this coin in the future.
I don't care about those little "pumps and dumps" at these stakes.

When i leave the coins in my wallet, do i get 20% extra coins over the coins that i bought?
example: i buy 1000000 mintcoin, i receive 200K interest the first year..
And is it accumulating like a saving account? And i get 15% over that 1200000 of the previous year?
Party Hard
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March 31, 2014, 11:47:14 AM
 #11451

I want to invest in Mintcoin, because i see a great opportunity for this coin in the future.
I don't care about those little "pumps and dumps" at these stakes.

When i leave the coins in my wallet, do i get 20% extra coins over the coins that i bought?
example: i buy 1000000 mintcoin, i receive 200K interest the first year..
And is it accumulating like a saving account? And i get 15% over that 1200000 of the previous year?

Your assumptions about interest are correct as long as you don't move your coins around. Buy them and put them in your wallet and in 20 days you'll start earning interest.

Ladies ladies, one at a time.
porcupine87
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March 31, 2014, 11:59:59 AM
 #11452

Hey, we have now 17billion coins. First year 20%, second 15, then 10 then 5%. I come to 27Billion coins. We have only 1 coin per POW, so at the best case (no POS) this would be 1mill per year.
How do we come to 70bill coins?

For each year after the fourth year Mint continues to pay out at 5% per year until all 70 billion coins are in existence.

ah thanks!

"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
thisisit
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March 31, 2014, 12:05:18 PM
 #11453

say 1 have a balance of 1 mint... i have an incoming transaction of 100k mint.

then at day 15 after receive of 100k i send 2 mint out.

what happens to the coindays of the incoming transaction of 100k mint?

since 1 is debited from the 100k transaction.

coin days are reset for the remaining 99.999, right?


any coin that makes me a profit.
drent301
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March 31, 2014, 12:06:09 PM
 #11454

Thank you very much for your answer.
Looks like a win win situation to me.

Even if we would lose 20% in satoshis this year on this heavily underpriced coin, i still make profit in the future!!
Great concept, great investment!

Thanks!
sebastiebass
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March 31, 2014, 12:37:11 PM
 #11455

say 1 have a balance of 1 mint... i have an incoming transaction of 100k mint.

then at day 15 after receive of 100k i send 2 mint out.

what happens to the coindays of the incoming transaction of 100k mint?

since 1 is debited from the 100k transaction.

coin days are reset for the remaining 99.999, right?



What you move, is what resets.
So those 99.999 coins will not have their days reset

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dille71
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March 31, 2014, 12:38:03 PM
 #11456

say 1 have a balance of 1 mint... i have an incoming transaction of 100k mint.

then at day 15 after receive of 100k i send 2 mint out.

what happens to the coindays of the incoming transaction of 100k mint?

since 1 is debited from the 100k transaction.

coin days are reset for the remaining 99.999, right?


No i dont think so. I did send 50% of my mints a couple of weeks ago but the remaining coins kept staking so they didnt reset.

Mintcoin: MsFGc9atNN6DddEsQHiq7MgDieoSLwtmg5
InformationCoin: Je4ZhmQBSd68oZ7CeXWMrWEsyprTXAVFuX
dille71
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March 31, 2014, 12:44:37 PM
 #11457

We are approaching 1 week since payouts in MINT were implemented on http://hashco.ws  While I appreciate the new miners who have given us a shot and 'mined' some mint, the uptake isn't quite what I'd hoped for.  In an effort to try and get things going, I received a total of 1,850,000 mint in bounties for implementation.  If we can reach 300Mh/s in new hashrate that gets paid out in mint, and maintain it for at least 5 days, I'll give away all of it to random miners in the form of 3 prizes; 1mil, 600k, 250k.  (personal hashrate will play no bearing on the prize winners, 10Mh/s or 300Kh/s, you'll have the same chance of winning).

I'll post updates here on hashrate status if warranted. 

Happy Mining.

The more miners the better for mint! Point your rigs at hashcows!!

Mintcoin: MsFGc9atNN6DddEsQHiq7MgDieoSLwtmg5
InformationCoin: Je4ZhmQBSd68oZ7CeXWMrWEsyprTXAVFuX
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March 31, 2014, 01:05:01 PM
 #11458

ps. this is not trolling. if not interested in this post. move along... Smiley

I know thisisit was using tongue-in-cheek here. But this is still a good opportunity for a reminder.

Do not use the "move along" phrase. This is very rude and gives a bad opinion of the poster and, by extension, of MINT. Plus, this is something I read a lot on BC and this really put a bad impression on them.

If you do not agree with someone:
either you have documented fact and you reply
or you do not and you just don't answer

if you believe a person is flooding a thread, do not respond on what this person says (provided what this person says is not factual), respond by asking this person to stop flooding.

- Constructive criticism (repetitive or not) = contructive reply (if you can't have a constructive reply, don't reply at all, period)
- Gratuitous criticism, no repetitive = no reply
- Gratuitous criticism, repetitive = don't argue on content, but on delivery. Ask the person to stop and threaten to put it on the ignore list and to invite others to do the same. Repetitive gratuitous criticism has a word: trolling. And the universel remedy to trolling is: don't feed the troll

Thank you to keep the thread to a high signal-to-noise ratio.

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March 31, 2014, 01:21:24 PM
 #11459

Yet another new exchange for MintCoin! http://www.cryptokk.com/
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March 31, 2014, 01:37:51 PM
 #11460

down 15%, is this ever going to break 20 again?

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