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Author Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]  (Read 1310109 times)
r3s
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June 13, 2015, 11:58:05 AM
 #17901

Apologies if this has been mentioned somewhere but i have been out of the loop for a while.

I updated my mintcoin wallet from last year and it shows me the coins that were transferred to my wallet but my wallet is empty without any withdrawals?

Is there something i have to do to reactivate my coins?

I will have the wallet staking 24/7 once it recognises my coins.

Thanks in advance.

Andrew
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cryptomommy
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June 13, 2015, 12:20:56 PM
 #17902

Apologies if this has been mentioned somewhere but i have been out of the loop for a while.

I updated my mintcoin wallet from last year and it shows me the coins that were transferred to my wallet but my wallet is empty without any withdrawals?

Is there something i have to do to reactivate my coins?

I will have the wallet staking 24/7 once it recognises my coins.

Thanks in advance.

Andrew

Good Morning!

Is it syncing by any chance?
r3s
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June 13, 2015, 12:32:09 PM
 #17903

Apologies if this has been mentioned somewhere but i have been out of the loop for a while.

I updated my mintcoin wallet from last year and it shows me the coins that were transferred to my wallet but my wallet is empty without any withdrawals?

Is there something i have to do to reactivate my coins?

I will have the wallet staking 24/7 once it recognises my coins.

Thanks in advance.

Andrew

Good Morning!

Is it syncing by any chance?


Silly me, yes i should have mentioned, it says up to date.

currently on block 1600897 in the client, does that sound right?

my address book is blank, could that be my problem?

This is the receive coins address  MnbNhUruyUy5UL7sRnE75RpFxr86K8CUYh if that helps.
cryptomommy
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June 13, 2015, 12:34:24 PM
 #17904

Apologies if this has been mentioned somewhere but i have been out of the loop for a while.

I updated my mintcoin wallet from last year and it shows me the coins that were transferred to my wallet but my wallet is empty without any withdrawals?

Is there something i have to do to reactivate my coins?

I will have the wallet staking 24/7 once it recognises my coins.

Thanks in advance.

Andrew

Good Morning!

Is it syncing by any chance?

We currently are running on 1.17 found here: https://drive.google.com/folderview?id=0ByiwIYtArulmNS0yZ3BDWHlZTlk&usp=sharing#list

Can you verify you are running this wallet?
(on the home screen you will see a feature that says "Total ever minted"
Silly me, yes i should have mentioned, it says up to date.

currently on block 1600897 in the client, does that sound right?
r3s
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June 13, 2015, 12:38:02 PM
 #17905

I edited my other post sorry, yes it is that version, the total ever minted is around 75269 Mint

i should have around 3m or so MINT, updated my Netcoin Wallet in exactly the same way and it worked perfectly Sad
r3s
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June 13, 2015, 12:39:16 PM
 #17906

https://chainz.cryptoid.info/mint/address.dws?MnbNhUruyUy5UL7sRnE75RpFxr86K8CUYh.htm

this shows around 2.4m Mint should be there :/
cryptomommy
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June 13, 2015, 12:52:00 PM
 #17907

Click on Help > Check Wallet

Also go into the console and type repairwallet

Then restart your wallet
r3s
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June 13, 2015, 12:58:38 PM
 #17908

Click on Help > Check Wallet

Also go into the console and type repairwallet

Then restart your wallet

Worked a treat, thank you very much, post up your MINT address and i will send you 50k Smiley
cryptomommy
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June 13, 2015, 01:00:58 PM
 #17909

Click on Help > Check Wallet

Also go into the console and type repairwallet

Then restart your wallet

Worked a treat, thank you very much, post up your MINT address and i will send you 50k Smiley

Any support for the Mintcoin Guardians is greatly appreciated:
Support Mintcoin Developments - Mt6nEG8Pp7kyimcHEp3gFqdjDPQqXas5Ae

We use all funds to grow the community Smiley
r3s
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June 13, 2015, 01:29:20 PM
 #17910

Done, thanks again.


Status: 0/unconfirmed, broadcast through 6 nodes
Date: 6/13/2015 23:28
To: Mt6nEG8Pp7kyimcHEp3gFqdjDPQqXas5Ae
Debit: -50000.00 MINT
Transaction fee: -0.50 MINT
Net amount: -50000.50 MINT
Transaction ID: 92443b703a0c33ee95cd891660d182c5bbe39f9778daebec1122dda1e89e46b9
Flyskyhigh
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Ezekiel 34:11, John 10:25-30


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June 13, 2015, 02:28:47 PM
 #17911

Isn't there a possibility that a bunch of mintcoins were lost? Like the total supply is really a lot less.

Sick of mining?  Start minting!  5% per year!  Mintcoin "MINT"
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June 13, 2015, 02:38:54 PM
 #17912

@coolbeans

Your whole argument is that people with small amount of coins can never stake. This is incorrect. With POS 2.0 staking becomes like solo mining, you are guaranteed a stake but it will take much longer if you have less coin. Also as you accumulate coin age by being online the longer it takes for you to stake, bigger the reward. Its just that it will be less frequent with small amount of coins. Also with POS 1.0 people arent securing the network but still getting the rewards. You get rewards for processing transactions & securing the network, that happens only when you are actively staking.

Also one of the argument for POS 2.0 was that those who are investing large sums of money to back the coin are trumped in staking by others who just come online  to collect reward but provide no service for 99% of the time. Although i am not at all for big investors so this is not something i am worried about.

For those who are worried about keeping their PC on all the time, people are running nodes & minting PCs on Raspberry PI like computers which could be a good investment if you stake more than one coin.

Another way around low staking % is to create dedicated staking group from community members who create some reasonable weight say, 20-30% all the time during the 20 day staking cycle. This might not seem like a problem right now as we are in our infancy but if MINT goes big people will have incentive to fork the network.

Fluttercoin created a good scheme by paying people to keep their wallets open via a bounty fund. That is another way to incentivize people to stake. Thanks for keeping the discussion going. Smiley

How can you say that PoS 1.0 people are not securing the network, but getting rewards? In order to get reward, you need to find a block, and you are securing the network when you do this. Granted it may be for a brief period of time, since a block on mintcoin is about 28 seconds or so. But you are helping to secure it.

Sick of mining?  Start minting!  5% per year!  Mintcoin "MINT"
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June 13, 2015, 03:52:24 PM
 #17913

@coolbeans

Your whole argument is that people with small amount of coins can never stake. This is incorrect. With POS 2.0 staking becomes like solo mining, you are guaranteed a stake but it will take much longer if you have less coin. Also as you accumulate coin age by being online the longer it takes for you to stake, bigger the reward. Its just that it will be less frequent with small amount of coins. Also with POS 1.0 people arent securing the network but still getting the rewards. You get rewards for processing transactions & securing the network, that happens only when you are actively staking.

Also one of the argument for POS 2.0 was that those who are investing large sums of money to back the coin are trumped in staking by others who just come online  to collect reward but provide no service for 99% of the time. Although i am not at all for big investors so this is not something i am worried about.

For those who are worried about keeping their PC on all the time, people are running nodes & minting PCs on Raspberry PI like computers which could be a good investment if you stake more than one coin.

Another way around low staking % is to create dedicated staking group from community members who create some reasonable weight say, 20-30% all the time during the 20 day staking cycle. This might not seem like a problem right now as we are in our infancy but if MINT goes big people will have incentive to fork the network.

Fluttercoin created a good scheme by paying people to keep their wallets open via a bounty fund. That is another way to incentivize people to stake. Thanks for keeping the discussion going. Smiley


Just to chip in, keeping 24/7 wallet uptime is not a hardware limitation for me, it is due to circumstances that frankly need no elaboration save to say that they render it an impossibility, even if that were not the case the mere suggestion of having to buy dedicated hardware to leave running constantly is huge turn off, and will be for a lot of people.

You say "but if MINT goes big" however a system that requires constant uptime will be a good reason why for an "average" or "uneducated" user it will not, because most will not care about security considerations but will focus more on convenience and practicality. There has to be a certain amount of pragmatism involved in considering this.
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June 13, 2015, 10:27:47 PM
 #17914

@coolbeans

Your whole argument is that people with small amount of coins can never stake. This is incorrect. With POS 2.0 staking becomes like solo mining, you are guaranteed a stake but it will take much longer if you have less coin. Also as you accumulate coin age by being online the longer it takes for you to stake, bigger the reward. Its just that it will be less frequent with small amount of coins. Also with POS 1.0 people arent securing the network but still getting the rewards. You get rewards for processing transactions & securing the network, that happens only when you are actively staking.

Also one of the argument for POS 2.0 was that those who are investing large sums of money to back the coin are trumped in staking by others who just come online  to collect reward but provide no service for 99% of the time. Although i am not at all for big investors so this is not something i am worried about.

For those who are worried about keeping their PC on all the time, people are running nodes & minting PCs on Raspberry PI like computers which could be a good investment if you stake more than one coin.

Another way around low staking % is to create dedicated staking group from community members who create some reasonable weight say, 20-30% all the time during the 20 day staking cycle. This might not seem like a problem right now as we are in our infancy but if MINT goes big people will have incentive to fork the network.

Fluttercoin created a good scheme by paying people to keep their wallets open via a bounty fund. That is another way to incentivize people to stake. Thanks for keeping the discussion going. Smiley

How can you say that PoS 1.0 people are not securing the network, but getting rewards? In order to get reward, you need to find a block, and you are securing the network when you do this. Granted it may be for a brief period of time, since a block on mintcoin is about 28 seconds or so. But you are helping to secure it.

The problem is right now people are securing the network for few hours or maybe a day when they open wallet to receive their minted block but leaving it vulnerable for rest of the 20 day period. If your wallet is not open then your coins dont count towards the network weight which is like total hashrate for a POW coin. If for a POW coin like bitcoin hashrate is too low then a big miner can attack the network, similarly POS coin can be attacked if network weight is too low. Continuing with the same analogy, if a miner turns on his miner for a day every 20 days and collects rewards that he would have received only if he hashed for 20 days continuously then he is kind of gaming the system. That is what happens when people open their wallet every 20 days.

Rent Rigs @ MiningRigRentals: https://www.miningrigrentals.com/register?ref=9685 | Mine Zcash, X11, ETH, BTC, LTC hashrate available @ Genesis Mining: 9yx2ib (Promo Code for 3% off)
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Trade BTCINR on Coinsecure.in (Global trade available: http://blog.coinsecure.in/post/153309186530/coinsecure-goes-global-by-reducing-the-barrier-for): https://coinsecure.in/signup/z5ehHIOLvHN5sWAq3wTu
sambiohazard
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June 13, 2015, 10:34:00 PM
 #17915

@coolbeans

Your whole argument is that people with small amount of coins can never stake. This is incorrect. With POS 2.0 staking becomes like solo mining, you are guaranteed a stake but it will take much longer if you have less coin. Also as you accumulate coin age by being online the longer it takes for you to stake, bigger the reward. Its just that it will be less frequent with small amount of coins. Also with POS 1.0 people arent securing the network but still getting the rewards. You get rewards for processing transactions & securing the network, that happens only when you are actively staking.

Also one of the argument for POS 2.0 was that those who are investing large sums of money to back the coin are trumped in staking by others who just come online  to collect reward but provide no service for 99% of the time. Although i am not at all for big investors so this is not something i am worried about.

For those who are worried about keeping their PC on all the time, people are running nodes & minting PCs on Raspberry PI like computers which could be a good investment if you stake more than one coin.

Another way around low staking % is to create dedicated staking group from community members who create some reasonable weight say, 20-30% all the time during the 20 day staking cycle. This might not seem like a problem right now as we are in our infancy but if MINT goes big people will have incentive to fork the network.

Fluttercoin created a good scheme by paying people to keep their wallets open via a bounty fund. That is another way to incentivize people to stake. Thanks for keeping the discussion going. Smiley


Just to chip in, keeping 24/7 wallet uptime is not a hardware limitation for me, it is due to circumstances that frankly need no elaboration save to say that they render it an impossibility, even if that were not the case the mere suggestion of having to buy dedicated hardware to leave running constantly is huge turn off, and will be for a lot of people.

You say "but if MINT goes big" however a system that requires constant uptime will be a good reason why for an "average" or "uneducated" user it will not, because most will not care about security considerations but will focus more on convenience and practicality. There has to be a certain amount of pragmatism involved in considering this.

Well its not absolutely necessary to be online 24/7. You will still get your rewards if you remain online for few hours but it will take longer to get your reward. Also you have to do something more than just sitting on your coins to get reward. I mean why even come online for a little time every 20 days, just get your rewards for creating a wallet. Current POS system is dumb, thats why i called it rent seeking as people aren't helping the network but keeping coins just to get free rewards.

Rent Rigs @ MiningRigRentals: https://www.miningrigrentals.com/register?ref=9685 | Mine Zcash, X11, ETH, BTC, LTC hashrate available @ Genesis Mining: 9yx2ib (Promo Code for 3% off)
Sell & Buy/Rent hashing power @ Nicehash.com: https://www.nicehash.com/?refby=63551
Trade BTCINR on Coinsecure.in (Global trade available: http://blog.coinsecure.in/post/153309186530/coinsecure-goes-global-by-reducing-the-barrier-for): https://coinsecure.in/signup/z5ehHIOLvHN5sWAq3wTu
cryptomommy
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June 14, 2015, 03:03:16 PM
 #17916

Well its not absolutely necessary to be online 24/7. You will still get your rewards if you remain online for few hours but it will take longer to get your reward. Also you have to do something more than just sitting on your coins to get reward. I mean why even come online for a little time every 20 days, just get your rewards for creating a wallet. Current POS system is dumb, thats why i called it rent seeking as people aren't helping the network but keeping coins just to get free rewards.

I maintain three wallets that I take turns keeping up 24/7 I know there are several other community members that are keeping theirs up 24/7 as well.
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Add Simplicity


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June 14, 2015, 06:24:33 PM
 #17917

Well its not absolutely necessary to be online 24/7. You will still get your rewards if you remain online for few hours but it will take longer to get your reward. Also you have to do something more than just sitting on your coins to get reward. I mean why even come online for a little time every 20 days, just get your rewards for creating a wallet. Current POS system is dumb, thats why i called it rent seeking as people aren't helping the network but keeping coins just to get free rewards.

I maintain three wallets that I take turns keeping up 24/7 I know there are several other community members that are keeping theirs up 24/7 as well.

24/7 wallet also.

Maybe we should ask the community who mints 24/7 ?

http://j.mp/ALTCAP - http://bit.ly/BitShares-Exchange - https://t.me/BitSharesDEX - http://bit.ly/ihashfury

"If you owe a bank thousands, you have a problem; owe a bank millions, the bank has a problem" Wink
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June 14, 2015, 06:39:38 PM
 #17918

Well its not absolutely necessary to be online 24/7. You will still get your rewards if you remain online for few hours but it will take longer to get your reward. Also you have to do something more than just sitting on your coins to get reward. I mean why even come online for a little time every 20 days, just get your rewards for creating a wallet. Current POS system is dumb, thats why i called it rent seeking as people aren't helping the network but keeping coins just to get free rewards.

I maintain three wallets that I take turns keeping up 24/7 I know there are several other community members that are keeping theirs up 24/7 as well.

24/7 wallet also.

Maybe we should ask the community who mints 24/7 ?

You can see who has minted during the last 24 hours by using the block explorer's network page. Comparing today's results with tomorrow's results should give a rough indication how many people are staking 24/7.

Here's today's results.

https://chainz.cryptoid.info/mint/#!network

Node List for MintCoin Wallet:0.7.2
Seen by explorer wallet in the last 24hours:

addnode=104.131.103.232
addnode=104.173.205.55
addnode=104.236.127.154
addnode=105.237.84.26
addnode=106.186.28.243
addnode=106.68.26.233
addnode=108.28.111.73
addnode=109.195.220.234
addnode=109.235.190.6
addnode=109.236.85.42
addnode=116.225.63.96
addnode=118.211.193.53
addnode=121.216.243.9
addnode=125.237.57.107
addnode=125.45.131.93
addnode=128.61.78.142
addnode=137.186.74.99
addnode=139.218.3.96
addnode=14.18.25.109
addnode=141.237.1.108
addnode=151.224.210.161
addnode=154.43.167.35
addnode=155.210.85.36
addnode=162.223.107.74
addnode=162.248.99.164
addnode=167.114.156.87
addnode=173.245.157.138
addnode=173.3.11.64
addnode=173.30.236.87
addnode=173.48.179.177
addnode=174.137.79.81
addnode=174.62.75.38
addnode=174.91.248.181
addnode=176.120.60.140
addnode=178.158.146.102
addnode=178.17.123.110
addnode=178.201.96.41
addnode=178.218.117.66
addnode=178.62.63.139
addnode=180.189.145.142
addnode=185.42.242.115
addnode=187.201.107.215
addnode=188.134.72.213
addnode=188.165.2.147
addnode=188.165.82.233
addnode=188.227.114.21
addnode=188.27.185.176
addnode=192.241.169.123
addnode=192.99.15.77
addnode=192.99.6.207
addnode=193.210.230.168
addnode=195.160.253.7
addnode=198.100.147.145
addnode=198.144.158.45
addnode=199.241.145.219
addnode=2.26.182.11
addnode=202.160.35.202
addnode=204.11.237.233
addnode=208.104.57.53
addnode=209.236.83.8
addnode=212.79.110.106
addnode=213.30.156.2
addnode=217.122.4.184
addnode=217.23.180.138
addnode=221.206.141.86
addnode=23.113.201.151
addnode=23.120.44.144
addnode=24.93.172.1
addnode=37.145.123.254
addnode=37.44.88.142
addnode=37.48.113.81
addnode=39.55.188.149
addnode=45.48.78.77
addnode=46.132.188.9
addnode=46.188.0.71
addnode=5.167.164.31
addnode=5.175.90.5
addnode=50.133.13.62
addnode=54.221.245.218
addnode=54.84.186.96
addnode=58.60.243.19
addnode=65.121.181.71
addnode=66.49.248.51
addnode=66.49.250.173
addnode=67.161.191.64
addnode=67.186.227.32
addnode=67.212.200.218
addnode=68.100.234.180
addnode=68.190.26.107
addnode=69.118.24.197
addnode=69.171.129.68
addnode=70.117.111.164
addnode=70.71.56.186
addnode=71.1.72.83
addnode=71.1.8.242
addnode=71.184.242.17
addnode=71.194.82.48
addnode=71.220.73.107
addnode=71.56.203.88
addnode=71.64.152.220
addnode=71.85.0.88
addnode=71.90.215.93
addnode=72.241.7.181
addnode=72.94.158.217
addnode=73.169.177.4
addnode=75.133.225.232
addnode=75.159.140.92
addnode=75.84.184.198
addnode=76.186.190.13
addnode=76.21.26.146
addnode=77.131.12.229
addnode=77.23.90.191
addnode=77.66.33.209
addnode=78.14.250.77
addnode=78.153.34.2
addnode=78.194.158.202
addnode=78.61.48.176
addnode=79.156.200.173
addnode=79.159.168.138
addnode=79.166.107.182
addnode=79.209.66.58
addnode=79.209.75.168
addnode=80.174.154.233
addnode=80.216.20.115
addnode=80.93.113.146
addnode=81.162.54.10
addnode=81.204.71.126
addnode=81.37.24.18
addnode=82.154.121.31
addnode=82.69.7.141
addnode=83.221.186.81
addnode=83.248.3.126
addnode=83.36.210.64
addnode=83.80.244.106
addnode=84.105.11.242
addnode=84.113.211.94
addnode=84.120.96.171
addnode=85.3.194.145
addnode=85.53.41.123
addnode=85.7.49.138
addnode=86.21.96.45
addnode=86.57.249.165
addnode=86.86.14.127
addnode=87.167.26.143
addnode=87.167.5.168
addnode=87.222.28.135
addnode=87.244.72.59
addnode=88.23.88.227
addnode=88.3.232.194
addnode=90.26.50.158
addnode=90.56.105.193
addnode=91.121.177.181
addnode=91.124.22.190
addnode=91.134.33.136
addnode=91.205.239.37
addnode=92.109.237.243
addnode=92.247.232.111
addnode=92.98.48.49
addnode=93.103.73.244
addnode=93.139.110.197
addnode=93.153.9.218
addnode=93.189.2.18
addnode=93.46.214.239
addnode=93.81.204.122
addnode=94.209.33.80
addnode=94.219.201.184
addnode=94.219.98.89
addnode=94.226.187.230
addnode=95.153.94.229
addnode=95.22.7.100
addnode=95.30.194.254
addnode=95.52.120.165
addnode=98.115.147.74
addnode=98.228.231.164
addnode=98.237.46.60
addnode=99.236.160.199
addnode=99.44.133.22

Node List for Mintcoin Wallet:1.05
Seen by explorer wallet in the last 24hours:

addnode=110.32.108.134
addnode=70.208.6.172
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June 14, 2015, 07:00:47 PM
 #17919


You can see who has minted during the last 24 hours by using the block explorer's network page. Comparing today's results with tomorrow's results should give a rough indication how many people are staking 24/7.

Here's today's results.

https://chainz.cryptoid.info/mint/#!network

It shows the number of clients seen by fairglu's daemon during the last 24hours.
It says nothing about minting / online status / online time.

Btw. next Mintcoin version should get another client / protocol version. It would be nice to see on which version the people are.
Example: https://chainz.cryptoid.info/zeit/#!network

Cheers,
Ray
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June 14, 2015, 09:44:54 PM
 #17920


You can see who has minted during the last 24 hours by using the block explorer's network page. Comparing today's results with tomorrow's results should give a rough indication how many people are staking 24/7.

Here's today's results.

https://chainz.cryptoid.info/mint/#!network

It shows the number of clients seen by fairglu's daemon during the last 24hours.
It says nothing about minting / online status / online time.

Btw. next Mintcoin version should get another client / protocol version. It would be nice to see on which version the people are.
Example: https://chainz.cryptoid.info/zeit/#!network

Cheers,
Ray

Currently 2.2% of the wallets are staking
https://chainz.cryptoid.info/mint/#!extraction

I have seen it as high as 9%.

Also please see the latest podcast discussing current bounties and let us know if there is anything else you believe should be in there.

Personally I believe Mintcoin is a great PoS. I have conducted thousands of transactions over the years and am always in awe in how fast the transactions are received and approved. I had one single transaction that glitched about 6 months ago while beta-testing one of our versions and it was fixed and released within a day.

Every now and then I recommend migrating to new wallet with fresh addresses just because if you run allot of transactions the wallet tends to get a little heavy in loading time. (I have done it once and the difference is amazing)

From a technical support aspect I have had maybe 4 cases where I needed development assistance and that was because the operating system was not windows.

I also had one windows case where we found that the windows system needed to be reformatted due to a Windows upgrade.

Considering the number of wallets out there I believe those numbers are impressive in itself.

I have heard the argument of PoS not being secure in the past and after research and testing Mintcoins wallet on a daily basis I personally am not concerned (I am also not a wallet security expert by any means).

Which is why I believe it is important to have an open discussion regarding the wallet and understand the technical security side of the current PoS system. 

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