Bitcoin Forum
November 20, 2017, 07:19:36 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 [749] 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767 768 769 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 ... 1015 »
  Print  
Author Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]  (Read 1310373 times)
ranlo
Legendary
*
Offline Offline

Activity: 1610



View Profile
May 28, 2014, 10:26:02 PM
 #14961

Quote from: dille71
But as i said i have some ideas how to simplify it..

Can you share some more details and how you plan to simplify it? I think that it actually being over complicated a bit and coin age isn't relevant when you're dealing with exchanges anyways because they're constantly moving the coins back and forth between their own wallet and therefore there's no real way to see how much each person has earned regardless

Posted From bitcointalk.org Android App


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















Earn Devcoins by Writing
1511205576
Hero Member
*
Offline Offline

Posts: 1511205576

View Profile Personal Message (Offline)

Ignore
1511205576
Reply with quote  #2

1511205576
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511205576
Hero Member
*
Offline Offline

Posts: 1511205576

View Profile Personal Message (Offline)

Ignore
1511205576
Reply with quote  #2

1511205576
Report to moderator
1511205576
Hero Member
*
Offline Offline

Posts: 1511205576

View Profile Personal Message (Offline)

Ignore
1511205576
Reply with quote  #2

1511205576
Report to moderator
dille71
Full Member
***
Offline Offline

Activity: 210


View Profile
May 28, 2014, 11:16:14 PM
 #14962

Quote from: dille71
But as i said i have some ideas how to simplify it..

Can you share some more details and how you plan to simplify it? I think that it actually being over complicated a bit and coin age isn't relevant when you're dealing with exchanges anyways because they're constantly moving the coins back and forth between their own wallet and therefore there's no real way to see how much each person has earned regardless

Posted From bitcointalk.org Android App
This is not about an exchange and moving coins within one wallet.  So, yes it can be very simple i guess i miss read your first post.
One have to require people to not move their coins in a certain time period that is a couple of days more then minimum coin age to ensure they stake. Maybe 30 days. If they move them before no interrest is payed.

Mintcoin: MsFGc9atNN6DddEsQHiq7MgDieoSLwtmg5
InformationCoin: Je4ZhmQBSd68oZ7CeXWMrWEsyprTXAVFuX
Goattrading
Full Member
***
Offline Offline

Activity: 182


View Profile
May 29, 2014, 12:50:42 AM
 #14963

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.

Yes but the wallet QR is only for the wallet right?

Creating a MintCoin QR branded app that can be used for general QR purpose would be another item that promotes (reminds people) Mintcoin.

 Recreating a Mintcoin brand on like currently highly used apps in general would do the same. Creating functionality out of the mintcoin brand outside of the currently small Altcoin adapted community of which Mintcoin is again just a part of. Spreading the brand and expanding the reach...

Just a thought.

“I never ask a man what his business is, for it never interests me. What I ask him about are his thoughts and dreams.”
― H.P. Lovecraft
ranlo
Legendary
*
Offline Offline

Activity: 1610



View Profile
May 29, 2014, 01:19:23 AM
 #14964

Quote from: dille71
But as i said i have some ideas how to simplify it..

Can you share some more details and how you plan to simplify it? I think that it actually being over complicated a bit and coin age isn't relevant when you're dealing with exchanges anyways because they're constantly moving the coins back and forth between their own wallet and therefore there's no real way to see how much each person has earned regardless

Posted From bitcointalk.org Android App
This is not about an exchange and moving coins within one wallet.  So, yes it can be very simple i guess i miss read your first post.
One have to require people to not move their coins in a certain time period that is a couple of days more then minimum coin age to ensure they stake. Maybe 30 days. If they move them before no interrest is payed.


Yeah, the problem is exchanges don't keep coins in the same addresses you deposit them into. ie.

I make a deposit of 100k MINT right now. That's put in Address A.
Later on, when the hotwallet hits 500k (due to 4 other depositors), 350k coins are going to be moved to the exchange's cold wallet, Address F (including coins of mine, B, C, D and E)

From time to time the hot wallet will need replenished. This means coins are moving back from F to another address for sending out.

When we make the deposits is irrelevant because the exchange is going to be shifting things back and forth between hot/cold wallets and addresses for paying out.


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















Earn Devcoins by Writing
acceptance2
Sr. Member
****
Offline Offline

Activity: 390



View Profile WWW
May 29, 2014, 05:35:43 AM
 #14965

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


Persistence pays off! Well done and thanks for the communication.
acceptance2
Sr. Member
****
Offline Offline

Activity: 390



View Profile WWW
May 29, 2014, 05:36:45 AM
 #14966

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!

Excellent idea!
dille71
Full Member
***
Offline Offline

Activity: 210


View Profile
May 29, 2014, 08:55:57 AM
 #14967

Quote from: dille71
But as i said i have some ideas how to simplify it..

Can you share some more details and how you plan to simplify it? I think that it actually being over complicated a bit and coin age isn't relevant when you're dealing with exchanges anyways because they're constantly moving the coins back and forth between their own wallet and therefore there's no real way to see how much each person has earned regardless

Posted From bitcointalk.org Android App
This is not about an exchange and moving coins within one wallet.  So, yes it can be very simple i guess i miss read your first post.
One have to require people to not move their coins in a certain time period that is a couple of days more then minimum coin age to ensure they stake. Maybe 30 days. If they move them before no interrest is payed.


Yeah, the problem is exchanges don't keep coins in the same addresses you deposit them into. ie.

I make a deposit of 100k MINT right now. That's put in Address A.
Later on, when the hotwallet hits 500k (due to 4 other depositors), 350k coins are going to be moved to the exchange's cold wallet, Address F (including coins of mine, B, C, D and E)

From time to time the hot wallet will need replenished. This means coins are moving back from F to another address for sending out.

When we make the deposits is irrelevant because the exchange is going to be shifting things back and forth between hot/cold wallets and addresses for paying out.
I can't see the connection between the banking idea and an exchange?

Mintcoin: MsFGc9atNN6DddEsQHiq7MgDieoSLwtmg5
InformationCoin: Je4ZhmQBSd68oZ7CeXWMrWEsyprTXAVFuX
ranlo
Legendary
*
Offline Offline

Activity: 1610



View Profile
May 29, 2014, 08:58:43 AM
 #14968

Quote from: dille71
But as i said i have some ideas how to simplify it..

Can you share some more details and how you plan to simplify it? I think that it actually being over complicated a bit and coin age isn't relevant when you're dealing with exchanges anyways because they're constantly moving the coins back and forth between their own wallet and therefore there's no real way to see how much each person has earned regardless

Posted From bitcointalk.org Android App
This is not about an exchange and moving coins within one wallet.  So, yes it can be very simple i guess i miss read your first post.
One have to require people to not move their coins in a certain time period that is a couple of days more then minimum coin age to ensure they stake. Maybe 30 days. If they move them before no interrest is payed.


Yeah, the problem is exchanges don't keep coins in the same addresses you deposit them into. ie.

I make a deposit of 100k MINT right now. That's put in Address A.
Later on, when the hotwallet hits 500k (due to 4 other depositors), 350k coins are going to be moved to the exchange's cold wallet, Address F (including coins of mine, B, C, D and E)

From time to time the hot wallet will need replenished. This means coins are moving back from F to another address for sending out.

When we make the deposits is irrelevant because the exchange is going to be shifting things back and forth between hot/cold wallets and addresses for paying out.
I can't see the connection between the banking idea and an exchange?

I figured the bank would be doing things safely. This means moving coins to cold storage instead of having them all in the hot wallet. If this is wrong, that's a HUGE liability and I'd recommend avoiding it.

If you deal with cold storage, you're moving coins around from cold->hot->cold as needed to meet the demands of depositors. This means coins are being moved from one address to another. If I deposit 1k coins today, those won't be minting from that address since you'd be merging them with others through the hot->cold process.


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















Earn Devcoins by Writing
Jeff Jefferson
Sr. Member
****
Offline Offline

Activity: 294


View Profile
May 29, 2014, 10:22:41 AM
 #14969

Quote from: dille71
But as i said i have some ideas how to simplify it..

Can you share some more details and how you plan to simplify it? I think that it actually being over complicated a bit and coin age isn't relevant when you're dealing with exchanges anyways because they're constantly moving the coins back and forth between their own wallet and therefore there's no real way to see how much each person has earned regardless

Posted From bitcointalk.org Android App
This is not about an exchange and moving coins within one wallet.  So, yes it can be very simple i guess i miss read your first post.
One have to require people to not move their coins in a certain time period that is a couple of days more then minimum coin age to ensure they stake. Maybe 30 days. If they move them before no interrest is payed.


Yeah, the problem is exchanges don't keep coins in the same addresses you deposit them into. ie.

I make a deposit of 100k MINT right now. That's put in Address A.
Later on, when the hotwallet hits 500k (due to 4 other depositors), 350k coins are going to be moved to the exchange's cold wallet, Address F (including coins of mine, B, C, D and E)

From time to time the hot wallet will need replenished. This means coins are moving back from F to another address for sending out.

When we make the deposits is irrelevant because the exchange is going to be shifting things back and forth between hot/cold wallets and addresses for paying out.
I can't see the connection between the banking idea and an exchange?

I figured the bank would be doing things safely. This means moving coins to cold storage instead of having them all in the hot wallet. If this is wrong, that's a HUGE liability and I'd recommend avoiding it.

If you deal with cold storage, you're moving coins around from cold->hot->cold as needed to meet the demands of depositors. This means coins are being moved from one address to another. If I deposit 1k coins today, those won't be minting from that address since you'd be merging them with others through the hot->cold process.

That can be easily solved by the coin control features already integrated in the mintcoin wallet. I already use only the recent coins for transactions while my older coins are staking. I think people will understand if their coins are staking so they can't use them instantaneously. Or that they lose their coin age by moving the coins. Most people will just put the money in their wallet and let it there and collect interest. Just like a bank.
David Latapie
Hero Member
*****
Offline Offline

Activity: 658


Monero Core Team


View Profile WWW
May 29, 2014, 03:14:14 PM
 #14970

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.

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?

Minting means a lot of complication because it reduces fungibility (coin age) and works bad with hotwallet. The main issue it technical, I'd say

A mintcoin bank is a good idea and the fact that Reddit likes it goes the same way. It could even be like "5% of minting goes to the server cost and Mintcoin Fund".
Our present list of developpers is:
mintcointeam
Paspi (congratulations on your progress!)
Kergekoin
unek (?)
Some people I've forgot?

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
 Grin
PR campaign is the Mintcoin Fund. I made significant progress on it today. Unfortunately, the French Administration is closed until Monday.

Monero: the first crytocurrency to bring bank secrecy and net neutrality to the blockchain.HyperStake: pushing the limits of staking.
Reputation threadFree bitcoins: reviews, hints…: freebitco.in, freedoge.co.in, qoinpro
ranlo
Legendary
*
Offline Offline

Activity: 1610



View Profile
May 29, 2014, 03:24:45 PM
 #14971

That can be easily solved by the coin control features already integrated in the mintcoin wallet. I already use only the recent coins for transactions while my older coins are staking. I think people will understand if their coins are staking so they can't use them instantaneously. Or that they lose their coin age by moving the coins. Most people will just put the money in their wallet and let it there and collect interest. Just like a bank.

I see what you mean now...

I wonder if there's a way to implement something that will basically tell the wallet which transactions were staked (or at least which address it was from). This would help if the bank were to give each person only the coins they themselves were staking. I don't believe this happens right now though, but may be worth looking into if equality is really that important with this.


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















Earn Devcoins by Writing
dille71
Full Member
***
Offline Offline

Activity: 210


View Profile
May 29, 2014, 03:38:05 PM
 #14972

That can be easily solved by the coin control features already integrated in the mintcoin wallet. I already use only the recent coins for transactions while my older coins are staking. I think people will understand if their coins are staking so they can't use them instantaneously. Or that they lose their coin age by moving the coins. Most people will just put the money in their wallet and let it there and collect interest. Just like a bank.

I see what you mean now...

I wonder if there's a way to implement something that will basically tell the wallet which transactions were staked (or at least which address it was from). This would help if the bank were to give each person only the coins they themselves were staking. I don't believe this happens right now though, but may be worth looking into if equality is really that important with this.
Thats why i think its a good idea to require them to leave the coins untouched for a couple of days more than minimum coin age. It would give a higher possibillity to stake and one wouldnt need to keep track on whos coins actually staked. Simple and safe

Mintcoin: MsFGc9atNN6DddEsQHiq7MgDieoSLwtmg5
InformationCoin: Je4ZhmQBSd68oZ7CeXWMrWEsyprTXAVFuX
ranlo
Legendary
*
Offline Offline

Activity: 1610



View Profile
May 29, 2014, 03:44:51 PM
 #14973

That can be easily solved by the coin control features already integrated in the mintcoin wallet. I already use only the recent coins for transactions while my older coins are staking. I think people will understand if their coins are staking so they can't use them instantaneously. Or that they lose their coin age by moving the coins. Most people will just put the money in their wallet and let it there and collect interest. Just like a bank.

I see what you mean now...

I wonder if there's a way to implement something that will basically tell the wallet which transactions were staked (or at least which address it was from). This would help if the bank were to give each person only the coins they themselves were staking. I don't believe this happens right now though, but may be worth looking into if equality is really that important with this.
Thats why i think its a good idea to require them to leave the coins untouched for a couple of days more than minimum coin age. It would give a higher possibillity to stake and one wouldnt need to keep track on whos coins actually staked. Simple and safe

This could cause issues with members. I couldn't imagine a bank saying "you made your deposit but we're not going to let you touch it for a week."

Actually, in some cases I guess this happens (most banks will do cash deposits instantly, though some are still delayed a few days). But for cryptos, the point is breaking away from this cycle.


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















Earn Devcoins by Writing
dille71
Full Member
***
Offline Offline

Activity: 210


View Profile
May 29, 2014, 04:04:23 PM
 #14974

That can be easily solved by the coin control features already integrated in the mintcoin wallet. I already use only the recent coins for transactions while my older coins are staking. I think people will understand if their coins are staking so they can't use them instantaneously. Or that they lose their coin age by moving the coins. Most people will just put the money in their wallet and let it there and collect interest. Just like a bank.

I see what you mean now...

I wonder if there's a way to implement something that will basically tell the wallet which transactions were staked (or at least which address it was from). This would help if the bank were to give each person only the coins they themselves were staking. I don't believe this happens right now though, but may be worth looking into if equality is really that important with this.
Thats why i think its a good idea to require them to leave the coins untouched for a couple of days more than minimum coin age. It would give a higher possibillity to stake and one wouldnt need to keep track on whos coins actually staked. Simple and safe

This could cause issues with members. I couldn't imagine a bank saying "you made your deposit but we're not going to let you touch it for a week."

Actually, in some cases I guess this happens (most banks will do cash deposits instantly, though some are still delayed a few days). But for cryptos, the point is breaking away from this cycle.
Well, they can withdraw it but then no interrest is payed. Just like when you move your coins in your wallet.

Mintcoin: MsFGc9atNN6DddEsQHiq7MgDieoSLwtmg5
InformationCoin: Je4ZhmQBSd68oZ7CeXWMrWEsyprTXAVFuX
ranlo
Legendary
*
Offline Offline

Activity: 1610



View Profile
May 29, 2014, 04:09:34 PM
 #14975

That can be easily solved by the coin control features already integrated in the mintcoin wallet. I already use only the recent coins for transactions while my older coins are staking. I think people will understand if their coins are staking so they can't use them instantaneously. Or that they lose their coin age by moving the coins. Most people will just put the money in their wallet and let it there and collect interest. Just like a bank.

I see what you mean now...

I wonder if there's a way to implement something that will basically tell the wallet which transactions were staked (or at least which address it was from). This would help if the bank were to give each person only the coins they themselves were staking. I don't believe this happens right now though, but may be worth looking into if equality is really that important with this.
Thats why i think its a good idea to require them to leave the coins untouched for a couple of days more than minimum coin age. It would give a higher possibillity to stake and one wouldnt need to keep track on whos coins actually staked. Simple and safe

This could cause issues with members. I couldn't imagine a bank saying "you made your deposit but we're not going to let you touch it for a week."

Actually, in some cases I guess this happens (most banks will do cash deposits instantly, though some are still delayed a few days). But for cryptos, the point is breaking away from this cycle.
Well, they can withdraw it but then no interrest is payed. Just like when you move your coins in your wallet.

This is an interesting concept. I think it'd be somewhat easy to implement as well, assuming one uses a database to store the deposit/withdrawal information. It doesn't really tell whether or not coins were staked, though (there are some coins that have sat for months before without staking on PoS due to its randomization).


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















Earn Devcoins by Writing
Jeff Jefferson
Sr. Member
****
Offline Offline

Activity: 294


View Profile
May 29, 2014, 07:25:58 PM
 #14976

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.

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?

Minting means a lot of complication because it reduces fungibility (coin age) and works bad with hotwallet. The main issue it technical, I'd say

A mintcoin bank is a good idea and the fact that Reddit likes it goes the same way. It could even be like "5% of minting goes to the server cost and Mintcoin Fund".
Our present list of developpers is:
mintcointeam
Paspi (congratulations on your progress!)
Kergekoin
unek (?)
Some people I've forgot?

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
 Grin
PR campaign is the Mintcoin Fund. I made significant progress on it today. Unfortunately, the French Administration is closed until Monday.


So how about an official bounty post for this online wallet? Could you organize it David? Or beaverslayer just the way it happened with the Android wallet?

I pledge 300k

5% for the service seems reasonable. I really would like to hear the opinion of people who can actually program such a thing whether it can be done.
Xpedite
Sr. Member
****
Offline Offline

Activity: 258


DRAMA: Dumb Retards Asking More Attention


View Profile
May 29, 2014, 07:39:28 PM
 #14977

5 % might seem reasonable now but what in three years ?

philipvdlinde
Hero Member
*****
Offline Offline

Activity: 826



View Profile
May 29, 2014, 07:56:21 PM
 #14978

Its so sad to see the mintcoin price collapse after so much work, I really hope that mintcoin will regain its price, because this is just unfair for the work you guys put into this coin.
jonesT
Sr. Member
****
Offline Offline

Activity: 336



View Profile
May 29, 2014, 07:57:20 PM
 #14979

A bank is an excellent idea!  Cheesy

Think: with the money, bank will sell mint to pay interest. This will reduce or even crash these horrible sell walls. Maybe even the whales invest in this bank. Wink

Jeff Jefferson
Sr. Member
****
Offline Offline

Activity: 294


View Profile
May 29, 2014, 08:02:25 PM
 #14980

5 % might seem reasonable now but what in three years ?



It's just a number for starters. Seems like a good incentive for someone to start this bank. It can be of course modified.
Pages: « 1 ... 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 [749] 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767 768 769 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 ... 1015 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!