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Author Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]  (Read 1369737 times)
David Latapie
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April 22, 2014, 06:16:50 PM
 #13721

This is far from the only announcement for today! We are also releasing mintbay.net, an auction platform à la ebay which accepts mintcoin as a currency. Also worthy of note is mintwoot.com, this time for buying products.

David, thanks for the update. I will try to sell one of my R9 290s on there just as soon as I can figure out exactly how to set up an auction.
Thanks dogechose. unek is the one in charge of mintbay. The first auctions will receive free mintcoin (I guess unek will post something about it)

Regardind mintcoinfund: we have to take care of focusing content on sustainable development. It would be rather difficult to simply explain that using mintcoin is better for the environment than using good ol' USD or EUR. So, most news on mintcoinfund must be directly related to environmental project. That being said, some mentions on new mintcoin-based services are worth mentionning. For instance, I'd like we contact every merchant who has accepted mintcoin as a currency to have a five-liner about its activity. But this would require contacting them (by starting with a template mail). Who's in?

Monero: the first crytocurrency to bring bank secrecy and net neutrality to the blockchain.HyperStake: pushing the limits of staking.
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mgburks77
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April 22, 2014, 06:18:36 PM
 #13722

So what is the story with the Android wallet? When will it be fully functional and released to the public?
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April 22, 2014, 06:28:36 PM
 #13723

Okay David, I listed an auction as well - http://mintbay.net/listing/77-sapphire-r7-240-2gb-graphics-card-open-box

If the first two listings work well (so far the site kicks ass) I will list a ton more stuff.

The only drawback I see so far is that for physical items, it would suck to ship something internationally and have to wait 2-4 weeks to get paid because of delivery lead time. So for now I am only allowing US buyers.

For the video cards it doesn't really matter because I am pretty sure R9 290s fall under an export ban so I wouldn't ship those out of the US anyways - but I have a lot of other items I could list on here that would be fine.

*EDIT* One other thing, can you please add support for attaching images to listings? Having to upload to some third party free image host site and crosslink is a bit of a negative.
Jeff Jefferson
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April 22, 2014, 06:28:53 PM
 #13724

So what is the story with the Android wallet? When will it be fully functional and released to the public?

i think paspi is really into it. check his latest update. better release a solid product than rush the things.

guys i don't remember: is it possible to not release it completely open source? those blackcoin guys will copy it within a week if it's any good! it wouldn't be fair!!! any ideas?
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April 22, 2014, 06:36:27 PM
 #13725

So what is the story with the Android wallet? When will it be fully functional and released to the public?

i think paspi is really into it. check his latest update. better release a solid product than rush the things.

guys i don't remember: is it possible to not release it completely open source? those blackcoin guys will copy it within a week if it's any good! it wouldn't be fair!!! any ideas?

The wallet bounty from the developer is on the condition that the Android wallet is open source, this goes with the ideals and concepts of the way Satoshi envisioned things. As well as all the QT wallets and such are Open Source, so to use them as templates, you have to keep it open source.
mgburks77
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April 22, 2014, 06:55:28 PM
 #13726

Is it nearing completion or not?
Beaverslayer
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April 22, 2014, 07:11:52 PM
 #13727

Is it nearing completion or not?

From what I gather from https://bitcointalk.org/index.php?topic=450381.msg6316310#msg6316310 it is nearing completion, but we should wait until paspi can comment to know an ETA for it.

I do know he has put in a lot of time and effort so far, and is making sure that it's not just some fast thing thrown together and not secure or working right.
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April 22, 2014, 07:16:05 PM
 #13728

Look at the order depth on mintpal. Ya'll would do a lot better if you removed all of those sell orders and instead collected compound interest at 20% for the first year.

All those sell orders are forcing the market down down down. You can't dump so you may as well mint. We'll never get anywhere like this. Its killing MINT.
dogechode
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April 22, 2014, 07:18:19 PM
 #13729

Look at the order depth on mintpal. Ya'll would do a lot better if you removed all of those sell orders and instead collected compound interest at 20% for the first year.

All those sell orders are forcing the market down down down. You can't dump so you may as well mint. We'll never get anywhere like this. Its killing MINT.

Yeah we seriously need to get people to take down some of those massive sell orders. Who the fuck is selling at 12-13 sat I mean seriously people come on. You are just chasing each other down to poverty. It's a lose-lose situation.
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April 22, 2014, 07:23:57 PM
 #13730

Guys, coins stayed in wallet already 40 days, but minting doesn't start, nothing hold and nothing "mined". WTF
mgburks77
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April 22, 2014, 07:29:01 PM
 #13731

yeah if you are going to dump go ahead and dump into the buy orders so we hit the floor and go up. If not put your mint in your wallet where it can do some good. 50-60+ BTC sell orders hanging like the sword of damocles over the market puts a pall over the whole thing and scares off buyers.

Who would ever buy in this situation? No one. It's like having an avalanche hanging over your head.  Cheesy
Beaverslayer
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April 22, 2014, 07:32:15 PM
 #13732

Guys, coins stayed in wallet already 40 days, but minting doesn't start, nothing hold and nothing "mined". WTF

What version wallet do you have?
How many coins do you have in the wallet?
How long do you leave the wallet open for each day?
underhood
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April 22, 2014, 07:37:04 PM
 #13733

Guys, coins stayed in wallet already 40 days, but minting doesn't start, nothing hold and nothing "mined". WTF

Are you sure you are keeping wallet unlocked?
Beaverslayer
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April 22, 2014, 07:37:10 PM
 #13734

yeah if you are going to dump go ahead and dump into the buy orders so we hit the floor and go up. If not put your mint in your wallet where it can do some good. 50-60+ BTC sell orders hanging like the sword of damocles over the market puts a pall over the whole thing and scares off buyers.

Who would ever buy in this situation? No one. It's like having an avalanche hanging over your head.  Cheesy

I'm having a real hard time understanding this as well. What are you going to accomplish by leaving millions upon millions of Mintcoin sitting on an exchange for weeks upon weeks? If you were to remove the the stupid amount of sell orders, and allow people to buy in with some confidence, then the price will increase and you can then sell off slowly.

To have a 10BTC sell wall at 13 Satoshi is about as stupid as stupid gets. You're loosing so much by leaving them on an exchange at these prices and not allowing the price to increase. If the walls were gone the price would increase say 20%, then you also make the interest off the coins in your wallet, you make more money....
Jeff Jefferson
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April 22, 2014, 07:41:16 PM
 #13735

i think the most coins this low are just minted coins which some whales already got for "free". so they haven't paid for them and try to sell them quickly. really short sighted. we have to remain confident and become the whales ourselves  Grin
Beaverslayer
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April 22, 2014, 08:02:16 PM
 #13736

i think the most coins this low are just minted coins which some whales already got for "free". so they haven't paid for them and try to sell them quickly. really short sighted. we have to remain confident and become the whales ourselves  Grin

Well, if that's the case, it just proves that whales do have small brains. All they are doing (if that is the case) is totally destroying the overall worth of their larger investment.

It's like if I held 100 million US dollars and did whatever I could to make those dollars go down in value....why?   Makes no possible sense whatsoever, especially if it cost you nothing to hold them for a while in your wallet and earn more Mints, and watch the price increase because those huge sell walls are not there any longer.
dille71
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April 22, 2014, 08:10:28 PM
 #13737

i think the most coins this low are just minted coins which some whales already got for "free". so they haven't paid for them and try to sell them quickly. really short sighted. we have to remain confident and become the whales ourselves  Grin
No one could possibly have minted that mutch!
It must be some early miners that never ever read the op and have no clue how the coin works...

Mintcoin: MsFGc9atNN6DddEsQHiq7MgDieoSLwtmg5
InformationCoin: Je4ZhmQBSd68oZ7CeXWMrWEsyprTXAVFuX
mgburks77
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April 22, 2014, 08:17:01 PM
 #13738

Also, make sure you understand what compound interest is.
Quote
Compound interest arises when interest is added to the principal of a deposit or loan, so that, from that moment on, the interest that has been added also earns interest. This addition of interest to the principal is called compounding. A bank account, for example, may have its interest compounded every year: in this case, an account with $1000 initial principal and 20% interest per year would have a balance of $1200 at the end of the first year, $1440 at the end of the second year, and so on.
http://en.wikipedia.org/wiki/Compound_interest

Easy version, don't sell your interest, let it ride and gain interest itself as it compounds.

mgburks77
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April 22, 2014, 08:18:53 PM
 #13739

to get a visual comparison use the new order depth view on mintpal
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April 22, 2014, 08:24:08 PM
 #13740

Look at the order depth on mintpal. Ya'll would do a lot better if you removed all of those sell orders and instead collected compound interest at 20% for the first year.

All those sell orders are forcing the market down down down. You can't dump so you may as well mint. We'll never get anywhere like this. Its killing MINT.

Yeah we seriously need to get people to take down some of those massive sell orders. Who the fuck is selling at 12-13 sat I mean seriously people come on. You are just chasing each other down to poverty. It's a lose-lose situation.

It's the 20% rate of interest. People just dump their interest for BTC. Why not it's free money.

If the market had any amount of decent buy support it wouldn't matter but the buy walls are paper think... it's like a house of cards balanced on a toothpick.

Get out imo.
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