Bitcoin Forum
July 21, 2018, 06:49:52 AM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 760 761 762 763 764 765 766 767 768 769 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 803 804 805 806 807 808 809 [810] 811 812 813 814 815 816 817 818 819 820 821 822 823 824 825 826 827 828 829 830 831 832 833 834 835 836 837 838 839 840 841 842 843 844 845 846 847 848 849 850 851 852 853 854 855 856 857 858 859 860 ... 1033 »
  Print  
Author Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]  (Read 1332863 times)
kiklo
Legendary
*
Offline Offline

Activity: 1092
Merit: 1000



View Profile
August 01, 2014, 12:51:26 AM
 #16181

People bought into this investment because of the current terms, if you would like something different the thing to do is create your own coin, fitting your exact specifications. Changing the interest rate and coin cap in the middle of the game will just make all major holders dump so it's not going to affect the price in a positive manner to do so. It's naive to think that these changes will make the price suddenly spring from the dead.

If i decide not to dump I'll be staying with v1.10 and not following forks that change the parameters of MINT.

if anyone wants to join me in supporting the original blockchain they are welcome to

+1
 Cool
1532155792
Hero Member
*
Offline Offline

Posts: 1532155792

View Profile Personal Message (Offline)

Ignore
1532155792
Reply with quote  #2

1532155792
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Beaverslayer
Full Member
***
Offline Offline

Activity: 230
Merit: 100


View Profile
August 01, 2014, 01:11:44 AM
 #16182

kiklo, you do realise that all exchanges keep almost 100% of the coins they hold in "Cold Storage" right? You cannot mint new coins if they are stored this way. Anyone that is a "True" Mintcoin believer does not keep their coins on an exchange, the coins on exchanges are there because the people that own them are wanting to sell them. You will never get these people to remove their coins for an hour, because they are not going to be willing to lose the chance of selling them.

I agree with you in not changing the parameters of Mintcoin as I strongly believe it is the wrong thing to do. What needs to be done is to bring in as many of the newest features that other coins now have that seem to be attracting all the attention. The wallet also needs a major upgrade as well. If I knew how to write/program code, I would have been all over this a long time ago.

Mintcoin also needs to really start looking at getting "Widely" accepted as a currency like BTC has done. Mintcoin needs to somehow get accepted by at least one of the major Bitpay like companies out there, or even go all out and get ATMs developed for Mintcoin. These are just a few of the things that Mintcoin needs to be seriously looking at to further the course of development of Mintcoin.

kiklo
Legendary
*
Offline Offline

Activity: 1092
Merit: 1000



View Profile
August 01, 2014, 01:32:28 AM
 #16183

kiklo, you do realise that all exchanges keep almost 100% of the coins they hold in "Cold Storage" right? You cannot mint new coins if they are stored this way. Anyone that is a "True" Mintcoin believer does not keep their coins on an exchange, the coins on exchanges are there because the people that own them are wanting to sell them. You will never get these people to remove their coins for an hour, because they are not going to be willing to lose the chance of selling them.

I agree with you in not changing the parameters of Mintcoin as I strongly believe it is the wrong thing to do. What needs to be done is to bring in as many of the newest features that other coins now have that seem to be attracting all the attention. The wallet also needs a major upgrade as well. If I knew how to write/program code, I would have been all over this a long time ago.

Mintcoin also needs to really start looking at getting "Widely" accepted as a currency like BTC has done. Mintcoin needs to somehow get accepted by at least one of the major Bitpay like companies out there, or even go all out and get ATMs developed for Mintcoin. These are just a few of the things that Mintcoin needs to be seriously looking at to further the course of development of Mintcoin.



Be aware the Cold Storage is a PR story in some cases ,
If they keep everything in Cold Storage then how was C-CEX able to pay interest on some POS coins.
If MintPal kept everything in Cold Storage why did they Lose such a massive amount of Vericoin.
http://www.coindesk.com/bitcoin-protected-vericoin-stolen-mintpal-wallet-breach/

Accept Human Nature they are not and have not been keeping it all in COLD STORAGE.
Too much Reward Too Little Risk. Their are currently no laws to punish them so they can do it at will.
It is free money to them , with no real downside.
By the Mintcoin community doing the above transfers once a week , we keep them all honest with very little effort. In Fact All POS Communities should do something like this to protect their coins.

This is also an effort to get the info out to the Traders that just leaving the trades out there cost them money.
As long as they trade out and back in even once every 10 days even for 10 minutes.
Their future trades will be higher and they will make more money, because it will decrease the free supply.

You are right some traders will never bother , but if we can decrease the interest in the exchanges enough
the Prices will go up, and hopefully get the info out to the other traders.
Thanks for your Response.
 Cool



 
acceptance2
Sr. Member
****
Offline Offline

Activity: 399
Merit: 250



View Profile WWW
August 01, 2014, 02:57:27 AM
 #16184

Hi Cryptomommy & Acceptance2,

I greet both of you since you two are mainly pushing for the 1.5 %.

First , the Survey is only 64 votes so far , over 500 are on your rich list alone, so I don't believe this survey is a good reference of how the community feels.

This current plan so you can get unknown investors to pump the coin will cause its crash.
You want to drop our POS to 1.5%, that would make it a WhiteCoin Clone.
And Whitecoin is dropping everyday with no end insight.

The Programmer PressTab , (who seems to be an excellent and intelligent programmer) is currently working on a hyperstake coin with 750% interest and getting ready to modify NobleCoin to a POS of 175% interest ,
by his actions it is apparent he believes the higher interest rates are the way to go.
Yet you want ours to drop to a pitiful 1.5%

But from your Actions , I can only conclude you are looking to cause a Pump so that you can dump your coins. And if it is not the case ,then you are just misguided from listening to people who do not have mintcoin best interest at heart.

Lets shine some light on everything for the community:
Who are the investors , how much capital are they offering , how long will they inject capital,
and when are they going to pull out and crash mintcoin

My 2 Mintcoin
 Cool


 
I wouldn't know where to begin.
acceptance2
Sr. Member
****
Offline Offline

Activity: 399
Merit: 250



View Profile WWW
August 01, 2014, 03:02:03 AM
 #16185

Just be patient people... There is no premine to dump anymore, and things are moving forward.
We are already halfway through the first year...In 6 months the POS reward drops to 15%. So coins will get rarer...
Right now we need to concentrate on actually delivering on promised developments such as the Android wallet, and NGO. Prove we can get these types of things accomplished and investors will bring in capital, and value will rise. It's that easy.

Just curious, you have evidence there is no premine left to dump? I've yet to see an audited trail that would clearly show this.

What I do know is that the original developer repeatedly lied to the community.

Why would you believe him/her/they now when they state they've sold off the last of the premine?
kiklo
Legendary
*
Offline Offline

Activity: 1092
Merit: 1000



View Profile
August 01, 2014, 05:22:00 AM
 #16186

Just be patient people... There is no premine to dump anymore, and things are moving forward.
We are already halfway through the first year...In 6 months the POS reward drops to 15%. So coins will get rarer...
Right now we need to concentrate on actually delivering on promised developments such as the Android wallet, and NGO. Prove we can get these types of things accomplished and investors will bring in capital, and value will rise. It's that easy.

Just curious, you have evidence there is no premine left to dump? I've yet to see an audited trail that would clearly show this.

What I do know is that the original developer repeatedly lied to the community.

Why would you believe him/her/they now when they state they've sold off the last of the premine?

You Know you worry so much about a Premine but IGNORE the Exchanges getting Free Mintcoins that is a Larger Amount every Month that they sell which lowers the price.

Begin by asking your Mintcoin Team to actually do something about by it.
 Cool

 
raiuk
Member
**
Offline Offline

Activity: 105
Merit: 10


View Profile
August 01, 2014, 05:40:00 AM
 #16187

kiklo are you another troll here?

How difficult for you is to understand that minting on exchanges is disabled if they are not in cold storage already.

WHy are you being a retard, do you have a proof that exchanges are selling themselves? No proof then shut your mouth.

kiklo
Legendary
*
Offline Offline

Activity: 1092
Merit: 1000



View Profile
August 01, 2014, 05:48:02 AM
 #16188

As of 8-01-2014 around 1am.
Mintpal Exchange currently has 983,163,737.94 Mintcoins.
20% of that is 196,632,747.59 Mintcoins
Range 105 Satoshi to 4 Satoshi in Sell Orders .
If they only had half in a interest bearing wallet
It would earn them ~ 98,316,373.79  Mintcoins .
If they only had a Fourth in an interest bearing wallet.
It would earn them ~ 49,158,186.90 MintCoins

Do any of you really believe in these economic times that the exchanges are not cashing in on Free POS Coins.

And this is just one exchange , if we do what I recommend in an earlier post and coordinate our withdrawals once a week on the same day, we stop this and keep them honest. It is quite easy.
 Cool


raiuk
Member
**
Offline Offline

Activity: 105
Merit: 10


View Profile
August 01, 2014, 05:59:35 AM
 #16189

Man what are you smoking share with us  Cheesy

Your calculations are totally off. You are missing a great deal of understanding of this coin plus your math is wrong.
kiklo
Legendary
*
Offline Offline

Activity: 1092
Merit: 1000



View Profile
August 01, 2014, 06:01:32 AM
 #16190

kiklo are you another troll here?

How difficult for you is to understand that minting on exchanges is disabled if they are not in cold storage already.

WHy are you being a retard, do you have a proof that exchanges are selling themselves? No proof then shut your mouth.



How can you be so Blind that you actually Believe That!
Read the following article
http://www.coindesk.com/bitcoin-protected-vericoin-stolen-mintpal-wallet-breach/

C-Cex even offer a percentage of interest from Ghostcoin (POS Coin)

If they were truly keeping their coins in COLD STORAGE then neither of the above could have taken place.

Why do you think that no matter how many we buy on Mintpal , we can never get a rally going.
That all of the investors are so dumb they sell at a loss everyday.
That is because most of those coins are from the exchanges and they got them for free.
So it is all pure profit for them.
Really Think for yourself man and don't just believe anything a supposed authority figure tells you.
 Cool

kiklo
Legendary
*
Offline Offline

Activity: 1092
Merit: 1000



View Profile
August 01, 2014, 06:05:42 AM
 #16191

Man what are you smoking share with us  Cheesy

Your calculations are totally off. You are missing a great deal of understanding of this coin plus your math is wrong.

Mr. Math Genius

That is what Excel said, but please take me to School.

What are your Calculations?
 Cool


raiuk
Member
**
Offline Offline

Activity: 105
Merit: 10


View Profile
August 01, 2014, 06:08:42 AM
 #16192

kiklo are you another troll here?

How difficult for you is to understand that minting on exchanges is disabled if they are not in cold storage already.

WHy are you being a retard, do you have a proof that exchanges are selling themselves? No proof then shut your mouth.



How can you be so Blind that you actually Believe That!
Read the following article
http://www.coindesk.com/bitcoin-protected-vericoin-stolen-mintpal-wallet-breach/

C-Cex even offer a percentage of interest from Ghostcoin (POS Coin)

If they were truly keeping their coins in COLD STORAGE then neither of the above could have taken place.

Why do you think that no matter how many we buy on Mintpal , we can never get a rally going.
That all of the investors are so dumb they sell at a loss everyday.
That is because most of those coins are from the exchanges and they got them for free.
So it is all pure profit for them.
Really Think for yourself man and don't just believe anything a supposed authority figure tells you.
 Cool




I'm saying you have no proof and even if they did stake at current price they would make 0.5 BTC a month! 300 dollar profit yeah its totally worth it. I'm trying to think who would sacrifice security for 300 dollars a month taking into considerations vericoin events.
raiuk
Member
**
Offline Offline

Activity: 105
Merit: 10


View Profile
August 01, 2014, 06:12:23 AM
 #16193

Man what are you smoking share with us  Cheesy

Your calculations are totally off. You are missing a great deal of understanding of this coin plus your math is wrong.

Mr. Math Genius

That is what Excel said, but please take me to School.

What are your Calculations?
 Cool




I have to go to work when I check this board in evening I expect you to give me the right calculations.

@cryptomommy can we make an online excelsheet that will do the stake calculations after 20 days, 6 months, 1y, 2y, 5y long term thanks!!
kiklo
Legendary
*
Offline Offline

Activity: 1092
Merit: 1000



View Profile
August 01, 2014, 06:23:39 AM
 #16194

Man what are you smoking share with us  Cheesy

Your calculations are totally off. You are missing a great deal of understanding of this coin plus your math is wrong.

Mr. Math Genius

That is what Excel said, but please take me to School.

What are your Calculations?
 Cool




I have to go to work when I check this board in evening I expect you to give me the right calculations.

@cryptomommy can we make an online excelsheet that will do the stake calculations after 20 days, 6 months, 1y, 2y, 5y long term thanks!!

WOW , I TAKE IT BACK YOU ARE NOT A MATH GENIUS.
Half Amount in Wallet   :98,316,373.79 mintcoins * 0.00000004 =  3.932654952 Bitcoins= $2,305.33
Fourth Amount in Wallet:49,158,186.90 mintcoins * 0.00000004=  1.966327476 Bitcoins= $1,152.67
Bitcoin exchange rate at 2:30am 

I think your Calc is broken if all you got was $300.

Now imagine more that one exchange mints either a half or quarter and you can see the problem.
 Cool

P.S.
Please tell me you are not an Accountant!!!
 Cool
TookDk
Legendary
*
Offline Offline

Activity: 1470
Merit: 1002


One coin to rule them all


View Profile WWW
August 01, 2014, 06:41:54 AM
 #16195

I have to go to work when I check this board in evening I expect you to give me the right calculations.

@cryptomommy can we make an online excelsheet that will do the stake calculations after 20 days, 6 months, 1y, 2y, 5y long term thanks!!

coolbeans94 made the stake graph in OP, I believe he still have the source - try sending him a PM.

Cryptography is one of the few things you can truly trust.
acceptance2
Sr. Member
****
Offline Offline

Activity: 399
Merit: 250



View Profile WWW
August 01, 2014, 06:51:01 AM
 #16196

Off to a completely different topic, does anyone know why the percentage stats (columns far right) have disappeared off this page?

http://mint.blockx.info/richlist/
kiklo
Legendary
*
Offline Offline

Activity: 1092
Merit: 1000



View Profile
August 01, 2014, 06:55:14 AM
 #16197

If Mintcoin Team does not care enough about your investment to even recommend that everyone should remove their coins from exchanges once a week to stop the Free POS Minting , then so be it.

Drop the Interest Rate to 1.5 % .

I will wait for the Pump and then Dump my Mintcoins , before the crash.

Good Luck to the Rest of You.


Kiklo has left the Building.

 Cool


  
acceptance2
Sr. Member
****
Offline Offline

Activity: 399
Merit: 250



View Profile WWW
August 01, 2014, 06:57:38 AM
 #16198

If Mintcoin Team does not care enough about your investment to even recommend that everyone should remove their coins from exchanges once a week to stop the Free POS Minting , then so be it.

Drop the Interest Rate to 1.5 % .

I will wait for the Pump and then Dump my Mintcoins , before the crash.

Good Luck to the Rest of You.


Kiklo has left the Building.

 Cool


  
Okay.
rbizz
Full Member
***
Offline Offline

Activity: 211
Merit: 100


View Profile
August 01, 2014, 02:02:51 PM
 #16199

If Mintcoin Team does not care enough about your investment to even recommend that everyone should remove their coins from exchanges once a week to stop the Free POS Minting , then so be it.

Drop the Interest Rate to 1.5 % .

I will wait for the Pump and then Dump my Mintcoins , before the crash.

Good Luck to the Rest of You.

  
+1

If you care about your investment in Mintcoin then you should never have your coins on an exchange because that means you're getting ready to sell them and forfeiting your own interest from accumulating.  

This is very obvious.  I'm not sure why you think the Mintcoin team would need make a public broadcast or create some type of 'once a week' rule in order for people to understand that.

People who hold their coins on exchanges don't care and aren't going to stop just because someone made a random recommendation.
mintcointeam
Sr. Member
****
Offline Offline

Activity: 325
Merit: 250


View Profile
August 01, 2014, 02:29:32 PM
 #16200

New GetHub: https://github.com/MintcoinCommunity/mintcoin
Please note: The prior developer was unable to pass on the github account therefore we needed to move over to a community owned account.
We are seeking community verification that the new repository is identical to the prior repository. Please pm me for permissions.
Pages: « 1 ... 760 761 762 763 764 765 766 767 768 769 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 803 804 805 806 807 808 809 [810] 811 812 813 814 815 816 817 818 819 820 821 822 823 824 825 826 827 828 829 830 831 832 833 834 835 836 837 838 839 840 841 842 843 844 845 846 847 848 849 850 851 852 853 854 855 856 857 858 859 860 ... 1033 »
  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!