[ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]

[gr8n8]

Good grief to the sellers....

Mintcoin has way to much going for it to be sold at a loss now. It is the only high interest paying PoS coin with real development still behind it... You can dump into my buy order at 4 if you wish though.

What development is behind it right now? What is happening to build value to the coin? In the past week I've seen nothing other than trying to get it on exchanges (which doesn't help add value). Past this, what's going on?

-Mintcoin already has 57 merchants
-We are listed on all major alt coin exchanges, AND Bitcoin exchange Vault of Satoshi
-Coin control
-Android coming soon
-Pays 20% interest 1st year, 15% 2nd, 10%, and then 5% per every following year. Get paid every 20 days.

I guess I don't understand your question. We don't really need development at this point, other than maybe a bootstrap for the wallet download. An awareness campaign maybe?

The coin is fine, and really the only thing driving other coins at this point is hype. Hype has never really been the Mintcoin way. Mint took off like a rocket when it was announced because it was a brilliant, original idea. It still is! So I have no idea why the price is down so much. Mint is still the king of it's category(High interest PoS).

Things take time to develop,(foundation, and android wallet) but they are being worked on, and in the meantime I would suggest people pick up some cheap coin.

http://mintcoinfund.org/
http://www.mintcointalk.com/
http://www.reddit.com/r/MintCoin/
https://www.facebook.com/MintCoin
https://twitter.com/MintcoinTeam

agree and i believe android app will be the catalyst for an increase in mint price

[dragonseer]

Good grief to the sellers....

Mintcoin has way to much going for it to be sold at a loss now. It is the only high interest paying PoS coin with real development still behind it... You can dump into my buy order at 4 if you wish though.

What development is behind it right now? What is happening to build value to the coin? In the past week I've seen nothing other than trying to get it on exchanges (which doesn't help add value). Past this, what's going on?

If you don't like what is happening then sell your MINT and leave the thread.  Thanks.

I love it. "I think money will magically appear and make me rich. If you disagree, you need to LEAVE US ALONE SO WE CAN GET RICH WHILE DOING NOTHING." It's that mentality that's holding back the project.

You come here and have nothing good to say.  You are just complaining and being negative.  Do you think that is helping?  I don't think so.

I asked a legitimate question. I asked what is going on to increase its value. I do this with any business I get involved with. If a business isn't producing anything that brings in value, it's a liability. I don't deal with liabilities. There's been no information about income-producing ventures with the coin, thus I assumed I missed something and was asking for an update as to what that was. Apparently there is nothing going on in that front, so that answered the question.

The past isn't as important as what is going on right now and into the future. 57 merchants? That's great. What's going on to bring on more right now? The goal should be expansion, not dormancy. Wal-Mart didn't say "alright, we got two stores set up, so we'll just sit back and hope to be billionaires." Fuck no. They said "We have two stores set up and a little income coming in. Now it's time to push our efforts further to keep increasing this." Many years later, they are still doing the same.

Treat the coin like a business because that's what it is. If you stop being proactive, it is absolutely going to die.

No, people with your attitude are the problem. You're saying, what are *we* going to do, *we* need to do this, *we* need to do that, yet *I* am willing to do nothing. As for me, I'm holding my mintcoins and am prepared to wait. I get that the crypto markets are driven mostly by empty hype and prices move around 10x faster than the pace of genuine development, if these two things are related at all, well eventually they will match better than they do now. So I don't think there is a problem. If *you* think there is a problem, by all means do something about it, or go somewhere else.  

[David Latapie]

I feel that in the extreme long run, mint will survive and be worth far more than it's peak price to date. The best time to buy is usually when everyone else is selling.

http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins#mintcoin

not valid to an incoming investor. It will be more accurate 4 years down the road.

[skeem]

I feel that in the extreme long run, mint will survive and be worth far more than it's peak price to date. The best time to buy is usually when everyone else is selling.

http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins#mintcoin

not valid to an incoming investor. It will be more accurate 4 years down the road.

I agree.

Can you build mintcoind on FreeBSD? not linux emu version.

[whdudrl]

yeah, nothing left to do but wait and see. in altcoins there are always pumps and rises at any time. so just hold. or sell at ridiculously low prices 

Forget it
I continue to wait for it down
I would rather be the last to leave

[whdudrl]

not everyone has trading accounts bei mintpal AND cryptsy. but the whole selling at those prices is either just desperation or manipulation. i think it's just the reaction to the rising price of btc.

prices Not all of us want to see
We've had enough of waiting
We like to fly to the moon

yes
We are full of hope
If only waiting for there will be a beautiful tomorrow

[ficklepickle]

 

Still have a lot of hope for this coin with the dev team behind it. 

Needs a snappier wallet though and the POS android wallet needs a countdown timer to drive interest imho. 

[nickenburg]

Still have a lot of hope for this coin with the dev team behind it. 

Needs a snappier wallet though and the POS android wallet needs a countdown timer to drive interest imho. 

Yes for me the wallet is still a problem, when i start it it takes a few minutes to start up at all.]
Maybe its loading the blockchain I dont know.
If that is the case maybe a light wallet would be very nice, so it reduces the loading times.
I had my wallet open today and I got some more interest on my mints, still holding for the future

[dlemfjqm]

hey guys i was thinking of starting a mint raffle website would people be interested in this??
i know its not going to help the coin to much but i just cant sit here and watch mint die. its to good of a coin to let that happen

Perhaps this is a good idea
It is hard to implement but should look
Slowly dying Who needs?
 

[dlemfjqm]

guys, beside the android wallet is anything going on? any PR campaigns? what is/are the devs up to? any thoughts on adding anonymity features? they seem to be fancy right now.

It should be hard to implement
But it's novel Let a person very curious
Will be handy If we can implement it is very nice
 

[dlemfjqm]

Lol finally reality is starting to set in.....

If the speed of spread faster
Maybe will be better
 

[Xpedite]

This is my noob analysis:

• Currently there is more supply then demand
• Demand is down since price is going down for a while
• Once the price goes up, the demand will follow due to regained thrust/hype/...(this is just how it works)
• We should get demand up and/or supply down

My advice if you want to support the coin:

Buy (or at least hold on to your coins while they mint)
I am doing whatever I can to buy some more mint!

[dille71]

This is my noob analysis:

• Currently there is more supply then demand
• Demand is down since price is going down for a while
• Once the price goes up, the demand will follow due to regained thrust/hype/...(this is just how it works)
• We should get demand up and/or supply down

My advice if you want to support the coin:

Buy (or at least hold on to your coins while they mint)
I am doing whatever I can to buy some more mint!

Nice analysis
Mining is a good way to support it too

[Jeff Jefferson]

hey guys, what about a MINTCOIN ONLINE BANK?


a simple site where you can login with an email and a password (possible anonymously using Tor). There you have your own Mintcoin account where you can send money to or withdraw money.

behind all this is a person/dev/institution/fund with a huge wallet running 24/7. they can charge you a bit for running the Bank but you will still get your annual interest.

advantages:

- simple for average users
- don't worry about your wallet not minting, wrong wallet, slow wallet or energy costs
- accessable via any PC, smartphone, tablet (also the apple products)
- anonymous

disadvantages:

- you have to trust the organisation/people running the bank
- network security (i still think a lot of people would run their own wallets)


I hope some people are interested in discussing this suggestion. I would give a LOT of my Mints as a bounty if this is really developed. I think it's even better than the android wallet.

Cheers

[dragonseer]

hey guys, what about a MINTCOIN ONLINE BANK?


a simple site where you can login with an email and a password (possible anonymously using Tor). There you have your own Mintcoin account where you can send money to or withdraw money.

behind all this is a person/dev/institution/fund with a huge wallet running 24/7. they can charge you a bit for running the Bank but you will still get your annual interest.

advantages:

- simple for average users
- don't worry about your wallet not minting, wrong wallet, slow wallet or energy costs
- accessable via any PC, smartphone, tablet (also the apple products)
- anonymous

disadvantages:

- you have to trust the organisation/people running the bank
- network security (i still think a lot of people would run their own wallets)


I hope some people are interested in discussing this suggestion. I would give a LOT of my Mints as a bounty if this is really developed. I think it's even better than the android wallet.

Cheers

Well it is an interesting suggestion, this coin does lend itself to that idea, so long as it goes hand in hand with a fiat exchange for mintcoin. If I remember back to when I started with cryptos, I bought my first bitcoins with a cash deposit and they were sent to a blockchain.info wallet. I wouldn't trust another online wallet, but if a Mintcoin online bank looked to emulate their model it could be a big plus for Mintcoin.

[CoinBounties]

MintCoin is now on:

http://coinbounties.com/mint-mintcoin/

[ranlo]

hey guys, what about a MINTCOIN ONLINE BANK?


a simple site where you can login with an email and a password (possible anonymously using Tor). There you have your own Mintcoin account where you can send money to or withdraw money.

behind all this is a person/dev/institution/fund with a huge wallet running 24/7. they can charge you a bit for running the Bank but you will still get your annual interest.

advantages:

- simple for average users
- don't worry about your wallet not minting, wrong wallet, slow wallet or energy costs
- accessable via any PC, smartphone, tablet (also the apple products)
- anonymous

disadvantages:

- you have to trust the organisation/people running the bank
- network security (i still think a lot of people would run their own wallets)


I hope some people are interested in discussing this suggestion. I would give a LOT of my Mints as a bounty if this is really developed. I think it's even better than the android wallet.

Cheers

The problem with a bank is that it promotes centralization, however small that is. It's like a permanent exchange, and that's not necessarily a good thing.

Also, would the bank be able to lend out and pay out interest, or would it just be a web wallet?

[Jeff Jefferson]

why aren't exchanges actually minting? is it included in the protocol? 

of course centralization will be gained by such a bank but i think there are still a lot of people who will still use their own wallets.

the idea is just a centralized web wallet. no lending or selling financial products. 15-20% interest rate annually is already more than any bank can offer.

[ranlo]

why aren't exchanges actually minting? is it included in the protocol? 

of course centralization will be gained by such a bank but i think there are still a lot of people who will still use their own wallets.

the idea is just a centralized web wallet. no lending or selling financial products. 15-20% interest rate annually is already more than any bank can offer.

Exchanges don't mint because it would create a fractional reserve. If everyone wanted to withdraw at once, they couldn't because coins would be reserved for the minting process. This would cause issues.

[Jeff Jefferson]

why aren't exchanges actually minting? is it included in the protocol? 

of course centralization will be gained by such a bank but i think there are still a lot of people who will still use their own wallets.

the idea is just a centralized web wallet. no lending or selling financial products. 15-20% interest rate annually is already more than any bank can offer.

Exchanges don't mint because it would create a fractional reserve. If everyone wanted to withdraw at once, they couldn't because coins would be reserved for the minting process. This would cause issues.

it's the only reason? what do you mean by reserved for minting?
in the wallet the coins are available for transaction. except for when they're being staked. but they are not staked for long and then become available for transactions. i don't think that this causes much problems. worst case you get a message "you're coins are being staked right now, wait x min before you can make a transaction". or am i wrong?