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Author Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]  (Read 1343103 times)
NJRiot
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May 28, 2014, 05:53:32 AM
 #14921

http://altcoinherald.com/whatever-happened-mintcoin/







            
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sidhujag
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May 28, 2014, 06:14:03 AM
 #14922

So much for all those vendors most links are broken lol guess it was the dev who wanted to prop price up to sell his premine.

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May 28, 2014, 06:19:21 AM
 #14923

So much for all those vendors most links are broken lol guess it was the dev who wanted to prop price up to sell his premine.

If the community pulls together they can revive the coin though. Look at GRW (it's still making its way up but it lost its developer and someone else took over recently).


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















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Jeff Jefferson
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May 28, 2014, 07:00:22 AM
 #14924

guys the bank idea was received positively on reddit. there are already people promising bounties.

I pledge 300k for such a site. Maybe others are interested too and a big bounty can be organized?! Who also wants to contribute?

http://www.reddit.com/r/MintCoin/comments/26mawr/mintcoin_online_bank_discussion/

maybe a word from more techy guys/dev whether this can be accomplished? or if the protocol is preventing such a thing?
skeem
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May 28, 2014, 09:20:22 AM
 #14925

guys the bank idea was received positively on reddit. there are already people promising bounties.

I pledge 300k for such a site. Maybe others are interested too and a big bounty can be organized?! Who also wants to contribute?

http://www.reddit.com/r/MintCoin/comments/26mawr/mintcoin_online_bank_discussion/

maybe a word from more techy guys/dev whether this can be accomplished? or if the protocol is preventing such a thing?

Why not discuss this on http://www.mintcointalk.com/

Coin Revolution
mgburks77
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May 28, 2014, 12:51:38 PM
 #14926

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

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.
If you don't know what you are talking about don't reply.

Fractional Reserve banking is when a bank only has to have a fraction of the funds on hand that it is lending. Since an exchange doesn't lend money your claim is ridiculous.

However it is clear that most people aren't ready for cryptos. The point of it is to get away from banks etc, not recreate the mainstream financial system on a small scale.
acceptance2
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May 28, 2014, 12:56:56 PM
 #14927

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

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.
If you don't know what you are talking don't reply.

Fractional Reserve banking is when a bank only has to have a fraction of the funds on hand that it is lending. Since an exchange doesn't lend money your claim is ridiculous.

However it is clear that most people aren't ready for cryptos. The point of it is to get away from banks etc, not recreate the mainstream financial system on a small scale.

+ 1
paspi
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May 28, 2014, 12:59:04 PM
 #14928

Android wallet update 7:

Yup! There are some remaining issues and rough edges to fix before a release, but the first native POS wallet is now working on an android phone, receiving and sending transactions.

Blockchain:
http://mint.blockx.info/get/address/MkgjPqmUqsYYpy8jS32fxLzSerryFSH3Ta









Android wallet update 6:

Good news!

The following is the first transaction ever received and forwarded by mintcoinj Cheesy


http://mint.blockx.info/get/tx/68fec0ad06a76d1d37de929e14b6ad6d17352b715de4f5bcce648333e9bc4a9c


MINT: MdPQhsGufjm5AXYkHebbnF2A155xDqVfK7
MarSas
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May 28, 2014, 02:14:30 PM
 #14929

Paspi for president!
klabanus
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May 28, 2014, 02:38:14 PM
 #14930

Android wallet update 7:

Yup! There are some remaining issues and rough edges to fix before a release, but the first native POS wallet is now working on an android phone, receiving and sending transactions.

Blockchain:
http://mint.blockx.info/get/address/MkgjPqmUqsYYpy8jS32fxLzSerryFSH3Ta

[screens]

Android wallet update 6:

Good news!

The following is the first transaction ever received and forwarded by mintcoinj Cheesy


http://mint.blockx.info/get/tx/68fec0ad06a76d1d37de929e14b6ad6d17352b715de4f5bcce648333e9bc4a9c


Been off the radar for a while, but this looks very promising paspi !! Cheesy
mintcointeam
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May 28, 2014, 02:53:24 PM
 #14931

Android wallet update 7:

Yup! There are some remaining issues and rough edges to fix before a release, but the first native POS wallet is now working on an android phone, receiving and sending transactions.

Blockchain:
http://mint.blockx.info/get/address/MkgjPqmUqsYYpy8jS32fxLzSerryFSH3Ta









Android wallet update 6:

Good news!

The following is the first transaction ever received and forwarded by mintcoinj Cheesy


http://mint.blockx.info/get/tx/68fec0ad06a76d1d37de929e14b6ad6d17352b715de4f5bcce648333e9bc4a9c


You rock paspi!
mintcointeam
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May 28, 2014, 03:02:53 PM
 #14932

As soon as the Android wallet is available, we will organize a big giveaway! Everyone posting a screenshot of their phone along with their address on Twitter, FB or Reddit will receive coins!
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May 28, 2014, 03:13:29 PM
 #14933


Dev let me know if there is any other bounties you would like to add, and ill stay tuned to watch if any get done in the thread.
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May 28, 2014, 03:25:03 PM
 #14934

looking good on the android wallet. good luck guys
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May 28, 2014, 03:40:24 PM
 #14935

This is an awesome update!

How difficult would it be to create a QR scanner app in the design of Mintcoin?
Would be another cross promo avenue... if possible.

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May 28, 2014, 03:55:52 PM
 #14936

Android wallet update 7:

Paspi you're doing awesome work mate,
looking forward to using this as a POS app for my tablet at work
and make transactions even smoother.
(i firmly believe that the price downtrend we are seeing now is just the market accomodating itself to receive your release!)

How difficult would it be to create a QR scanner app in the design of Mintcoin?
+1 on this, QR scan would add extra functionality.

1PeecNu1J8VNKpgR13nasMZWLcMZrwNJfc
paspi
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May 28, 2014, 04:48:02 PM
 #14937

This is an awesome update!

How difficult would it be to create a QR scanner app in the design of Mintcoin?
Would be another cross promo avenue... if possible.
What do you mean? Wallet currently has a built-in QR scanner (provided by another application I suppose), and it doesn't have any branding on it -- just a full screen camera view.

MINT: MdPQhsGufjm5AXYkHebbnF2A155xDqVfK7
ranlo
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May 28, 2014, 04:57:51 PM
 #14938

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

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.
If you don't know what you are talking about don't reply.

Fractional Reserve banking is when a bank only has to have a fraction of the funds on hand that it is lending. Since an exchange doesn't lend money your claim is ridiculous.

However it is clear that most people aren't ready for cryptos. The point of it is to get away from banks etc, not recreate the mainstream financial system on a small scale.

I will suggest you read up on what it means on Wikipedia or some other resource. This is quite literally exactly what minting does:

I have 1500 coins. I am staking 1000 of them (lending them to the blockchain to be added into a new block). If someone wants to withdraw 1500 coins, they can't because I don't HAVE 1500; I only have 500. I have to wait until the rest are returned from the blockchain/minting process before they can be sent out again.


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















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sidhujag
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May 28, 2014, 05:35:35 PM
 #14939

Noone knows purpose of something created for decentralized use.. Its just supposed to help in some way. Maybe cryptos will end up used by banks to help international business and thats it... maybe they will end up changing banking altogether. For someone to restrict their vision shows that they are inept and not capable of thinking logically. Maybe they are butthurt because of something in their life but to come on here and flame people for "not knowing what they are talking about" is just classless.

Furthermore he seems to know what other people are ready for or not.. that in itself should render further discussion useless with this entity.

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May 28, 2014, 07:09:47 PM
 #14940

"...an active team edits the crap out of their ANN Thread on a regular basis so information is not outdated for those who are researching the coin. People who currently research Mintcoin as a possible investment are going to find tons of dead links and a dead website. What’s the chance they’ll want to push their BTC into Mintcoin in that condition?"
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