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Author Topic: [ANN][MINT] Mintcoin (POS) (5%) - New Wallet v2.0.2 released 3/1/16  (Read 1225534 times)
richiela
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December 07, 2015, 07:44:24 PM
 #18961

Bittrex support hasn't heard from mintcoin team in a while, they are interested in adding the coin. Please if anyone can contact them and get us listed there. I told them that people are working on their own time & money so there might be a delay in response. Please devs or cryptomommy contact them. thanks Smiley

The team discussed the viability of listing MINT on Bittrex today and ultimately decided against it. Some reasoning as to why follows:

- They were asking for 3 BTC to compensate for what (by their own admission) was ~10 minutes worth of work.
- Volume requirement policy does not play well with PoS only coins.
- Historical threats of delisting coins tend to result in faking volume and pushing price further down.
- They mentioned "we can talk to a guy to rocket mint"...this just SCREAMS pump and dump scheme and artificial volume.
- Artificial volume is detrimental and not what we as a team want for MINT.

Bittrex has had numerous problems with PoS only coins as they just don't seem to understand that PoS coins don't necessarily revolve around trade volume. And, until such time that their policies and (outlandish) fee structure are revised to better accommodate MINT and PoS only coins in general, we as a team won't consider paying into a listing there.

I talked to them again in JBS slack, which is open to all with an invite. You can also join.

Anyways there response was same that they do not ask for fees until you CFCed (ICO/croedfund) on some other exchange. They said fees might be needed if  they have to do compliance & verification work. He totally denied that they will ever offer to pump a coin. He also said that last time they had any contact from us is on 26th Nov with cryptomommy via there support email and never heard even a No from us since then. That's why he asked me if i know of a response and i asked here.

Can you tell me who are you talking to? there email or someone on BCT, a name. I suspect if it is not there support email then we might be talking to a scammer.

I just want to know what is going on and if there is a misunderstanding then we can still get on to one more exchange. Thanks Smiley

spoke to `bittrex-richie in their IRC channel. perhaps its a breakdown in communication on their end.

`bittrex-richie is not me (notice the ` in front of the name).  Please open a support ticket, talk to an op in #bittrex or talk to us in the JBS slack.  

* We have never asked for a fee to list a coin - we simply give that option if you want to get priority.  
* It is way more than 10 mins of work i assure you
* Our volume requirements revolve around interest in a coin. If there is no volume, there is no interest regardless of PoS, PoW, Po*.  There is some misconception that PoS has something to do with it.

Please make sure you are talking to someone official before stating things that are false.

To the previous post about "What amount of volume is good enough?" ... we've arbitrarily set a number that is publicly published.  It's a tiny number and reasonable to show that there is interest in a coin.


thanks,
richie@bittrex


Looking for the best exchange? -> https://bittrex.com
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December 07, 2015, 08:20:17 PM
 #18962

Richie...

Sorry if there were any misunderstandings in communication.

While some mintcoin users are excited about your exchange and the potential of mintcoin being re-added, we understand that now may not be the right time.  If the volume and/or fees you receive from traders becomes substantial enough then perhaps you will reconsider.  Until then, there are many other exchanges that trade mint.

Thanks for your response and I hope to be trading mint on Bittrex again in the future.  Smiley
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December 07, 2015, 08:23:00 PM
 #18963

I never knew they were once listed there. Must not have been widely known yet.  If people are not even aware it is there then what do you expect? If you do list it, it is important to share that information everywhere. Need to post it on twitter, put in on the opening page of the thread, put it on Reddit, etc.

As for Bittrex and listing the coin, and volume. Volume goes in cycles. You need to give a coin ample time. A few days or even a few months could be too short. For example, I don't know when you listed MINT on your exchange, but quite possibly it was during  bear market? If you put the coin up for trade and its in the middle of a crash, nobody is going to be jumping in it during that time, regardless of if there is a lot of people interested in it. There could be tons of interest, but no market activity forming just do to timing. Think about it, often adding a coin is going to expose it to many new people and people just aren't going to take to it if the timing is not right. It is not completely so cut and dry black and white simple.  Look at all factors all thing considered. How much time do you give a new coin before you delist it?


Sick of mining?  Start minting!  5% per year!  Mintcoin "MINT"
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December 07, 2015, 09:33:42 PM
 #18964

I also want to just reiterate a point I made earlier, and that is, relatively speaking MINT has plenty of volume relative to it's market capitalization. Let's just say the market cap is a solid $650,000. Then lets compare that to say a $650,000 house's house payment.
A house payment for $650,000 house at even a 10% interest rate would be $5,704 per month, which comes to $190 per day, on average. If it is a 5% interest rate, the payment is $3,489 a month, or $116.30 per day. But Mintcoin doesn't charge interest, so the rate is more accurate at a  0% interest rate, which would be $1,806 per month, or $60 per day average.
MINT has at least this much volume does it not? So volume is fine correct? I don't see what the volume issue is really about since it is relative to its market cap. You have to look at the ratio, not an arbitrary hard dollar amount.

MINT volume is what, about $275 a day average? Okay, thats like $8,250 per month. $8,250 per month for a $650,00 asset is equal to a 15% interest payment. .....$650,000 amortized over 30 years @15% equals $8,219 a month or about $274 per day.

Using that same logic then, if you count Mintcoin out, oh well I guess you better delist Bitcoin too! Bitcoin marketcap of 6 billion amortized over 30 years at 15%  is $75 million a day volume. Now you can't tell me there is not enough volume, and you are going to delist Bitcoin because it doesn't have as much volume as it should.

It's relative to the marketcap ratio you should be looking at, not a certain dollar amount threshshold in my honest opinion. If the market cap is really really high, and there is no volume then it makes sense that something is fushy, but if volume is low, and market cap is still low, it is no problem. It is a ratio, they are related. We have to look at this realistically.

Sick of mining?  Start minting!  5% per year!  Mintcoin "MINT"
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December 07, 2015, 10:46:44 PM
 #18965

I also want to just reiterate a point I made earlier, and that is, relatively speaking MINT has plenty of volume relative to it's market capitalization. Let's just say the market cap is a solid $650,000. Then lets compare that to say a $650,000 house's house payment.
A house payment for $650,000 house at even a 10% interest rate would be $5,704 per month, which comes to $190 per day, on average. If it is a 5% interest rate, the payment is $3,489 a month, or $116.30 per day. But Mintcoin doesn't charge interest, so the rate is more accurate at a  0% interest rate, which would be $1,806 per month, or $60 per day average.
MINT has at least this much volume does it not? So volume is fine correct? I don't see what the volume issue is really about since it is relative to its market cap. You have to look at the ratio, not an arbitrary hard dollar amount.

MINT volume is what, about $275 a day average? Okay, thats like $8,250 per month. $8,250 per month for a $650,00 asset is equal to a 15% interest payment. .....$650,000 amortized over 30 years @15% equals $8,219 a month or about $274 per day.

Using that same logic then, if you count Mintcoin out, oh well I guess you better delist Bitcoin too! Bitcoin marketcap of 6 billion amortized over 30 years at 15%  is $75 million a day volume. Now you can't tell me there is not enough volume, and you are going to delist Bitcoin because it doesn't have as much volume as it should.

It's relative to the marketcap ratio you should be looking at, not a certain dollar amount threshshold in my honest opinion. If the market cap is really really high, and there is no volume then it makes sense that something is fushy, but if volume is low, and market cap is still low, it is no problem. It is a ratio, they are related. We have to look at this realistically.

This is a good way to look at it... and our current requirement is .2 BTC day of volume which at current rates equals about 80 dollars a day.  We aren't aiming very high here... Just enough to show interest.

For those that asked... we launched with MINT almost 2 years ago, March 11, 2014 to be exact Wink

FWIW, no one here has questioned whether or not we should re-add MINT.  From my understanding, Bill just wanted a contact to talk about future plans etc...

thanks,
Richie

Looking for the best exchange? -> https://bittrex.com
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December 07, 2015, 11:25:54 PM
 #18966

FWIW, no one here has questioned whether or not we should re-add MINT.  From my understanding, Bill just wanted a contact to talk about future plans etc...

Bittrex Exchange  =  Waste of Mint Team's Time

Geez,  Bill should just post his questions in this forum like everyone else.
Why does he thinks he is entitled to private sit downs.

Your delisting agenda only makes money if suckers keep buying new coins.
That stage of Crypto is ending. Market is already over 5 times saturation levels.
Ya already delisted most of the alts that any serious trader gives a hoot about.
Real world, Ya will have to start removing the delisting policy or just fade away due to non use.   Roll Eyes

Just Sayin.
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December 07, 2015, 11:38:33 PM
 #18967

It is easy, you just install the program and download the blockchain. Bittorent Sync enables automatic daily updates of the blockchain so you always get a fresh copy Wink

After you have downloaded the blockchain you can easily uninstall the program, but by running the program you help others who also want to download the most recent copy of the blockchain.
and how am I supposed to do all that, through command line  Roll Eyes
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December 08, 2015, 05:36:47 AM
 #18968

FWIW, no one here has questioned whether or not we should re-add MINT.  From my understanding, Bill just wanted a contact to talk about future plans etc...

Bittrex Exchange  =  Waste of Mint Team's Time

Geez,  Bill should just post his questions in this forum like everyone else.
Why does he thinks he is entitled to private sit downs.

Your delisting agenda only makes money if suckers keep buying new coins.
That stage of Crypto is ending. Market is already over 5 times saturation levels.
Ya already delisted most of the alts that any serious trader gives a hoot about.
Real world, Ya will have to start removing the delisting policy or just fade away due to non use.   Roll Eyes

Just Sayin.
AG18


Is this hostility really necessary on our forum? At least come with some well constructed arguments. They are doing a good job and they have to draw a line somewhere.
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December 08, 2015, 06:33:34 AM
 #18969

It is easy, you just install the program and download the blockchain. Bittorent Sync enables automatic daily updates of the blockchain so you always get a fresh copy Wink

After you have downloaded the blockchain you can easily uninstall the program, but by running the program you help others who also want to download the most recent copy of the blockchain.
and how am I supposed to do all that, through command line  Roll Eyes

Reading a forum through command line too?
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December 08, 2015, 06:41:21 AM
 #18970

Is this hostility really necessary on our forum? At least come with some well constructed arguments. They are doing a good job and they have to draw a line somewhere.

i don't know,
pointing out their delisting business model is on the edge of failure,
i consider more a heads up , so they have time to change.

When Bittrex posts on their site that your coin is schedule for Delisting unless Ya Create Fake Volume to Line their Pockets, is that NOT HOSTILE?

By the Way , here is their Policy from their Web Site
_______________________________________________________________________________ _______________________________________________
Bittrex Market Removal Policy - Updated 07/19/15

Updated on 07/19/15

We look for coins that have high community demand, innovations to crypto-currency technology, or a contribution to science and humanity. We believe in aggressively taking chances on coins and letting the free market sort out which coins should thrive. We just as aggressively prune our markets to allow new coins the visibility to grow in our exchange.  Our goal is to continue to launch new markets to occupy the spaces left from the coins we are removing.

Markets with less than 0.2 BTC (or equivalent) of average daily volume over a 7 day period and have been on Bittrex for 4 weeks or more are eligible for removal. Coins with no developer support, working blockchains, or violate our policies are also candidates for removal.    

We add warnings to markets on the weekend and remove them on Fridays.  Saving a coin requires bringing the average daily volume back up before the next scheduled removal date.  We require 0.2 BTC (or equivalent) of average daily volume over a 7 day period.  We vary the time on Friday in which we check for volume to prevent coin developers from placing a single large order to save their coin. The best way to keep a market from being in danger is to continue to develop steady trading volume each day.

Furthermore, markets that consistency dip below the minimum volume requirement may get the minimum volume requirement increased or delisted without notice.

If a market is removed, you will have 14 days to remove your coins from our wallets.

Bittrex reserves the right to keep or remove any market from its exchange.

07/19/15: Clarified the conditions and reasons that will trigger a delisting.  tldr; don't count on a single large order to save your market.  We want to see sustained trading and growth.  

_______________________________________________________________________________ _________________________________________

Ya really wanna be worried every week, by them whining that Mint trading Volume is too low.
If they not gonna exclude Mint from this Policy , then who needs them , just grief not needed.

Just Sayin,
AG18
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December 08, 2015, 06:57:09 AM
 #18971

I am regretting the decision to get MINT listed on Bittrex. People just rant without understanding the reason behind anything even when explained many times. I am done with this. @richiela i apologize for getting you into this. Now just waiting to get out of this closed community when i break even on this coin although i dont have many options to do so. Sad

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December 08, 2015, 07:06:11 AM
 #18972

I am regretting the decision to get MINT listed on Bittrex. People just rant without understanding the reason behind anything even when explained many times. I am done with this. @richiela i apologize for getting you into this. Now just waiting to get out of this closed community when i break even on this coin although i dont have many options to do so. Sad

LOL, it don't matter to them, cause i not mint official.
Give em 3btc , delistrex have market up by Monday.
and Delist Ya on Tuesday.  Tongue
Rinse / Repeat til mint community broke.

@biohazard , ya care more for da exchange , than da coin .  Roll Eyes
Their scammers, son.

Just Sayin,
AG18

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December 08, 2015, 07:06:28 AM
 #18973

Walls are going down! MINT is about to Rise! Get em while they are still cheap!


Stop Mining.   Start Minting.   Mintcoin  [MINT]
5% annual minting reward. Mintcoins don't wear out like mining gear. They keep on minting!
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December 08, 2015, 07:48:57 AM
 #18974

I am regretting the decision to get MINT listed on Bittrex. People just rant without understanding the reason behind anything even when explained many times. I am done with this. @richiela i apologize for getting you into this. Now just waiting to get out of this closed community when i break even on this coin although i dont have many options to do so. Sad

I'm not really sure why you're so bent out of shape over this. Everyone is entitled to their own opinions and viewpoints as to what does and doesn't work or what is or isn't a good decision for a coin. Afaik, you relayed that there was someone at bittrex waiting for some response from the MINT team regarding a listing there. Was there more to your involvement than that? Its fine if there is, I'm just trying to understand the reason why you have such regrets over this issue.

I apologized to richie personally today on IRC about my hasty and ill-informed statements, discussed their standing policies and the MINT team's concerns with said policies, of which everyone involved in the team's discussion shared. I was informed that Bill has final say over these matters and that we can further discussions with him directly.

I don't have a problem with this, its a very reasonable course of action. The team wants what is best for the coin and the community surrounding it and we feel that there is more to be discussed with Bill on the matter of being (re)listed on Bittrex. MINT is not starving for places to trade on like some new coin fresh out of the git repository, so there really is no need to rush into anything.

Now, since you're obviously for a listing on Bittrex, perhaps you'd like to share your thoughts or reasons as to why it means so much to you.

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December 08, 2015, 08:14:40 AM
 #18975

I am regretting the decision to get MINT listed on Bittrex. People just rant without understanding the reason behind anything even when explained many times. I am done with this. @richiela i apologize for getting you into this. Now just waiting to get out of this closed community when i break even on this coin although i dont have many options to do so. Sad

I'm not really sure why you're so bent out of shape over this. Everyone is entitled to their own opinions and viewpoints as to what does and doesn't work or what is or isn't a good decision for a coin. Afaik, you relayed that there was someone at bittrex waiting for some response from the MINT team regarding a listing there. Was there more to your involvement than that? Its fine if there is, I'm just trying to understand the reason why you have such regrets over this issue.

I apologized to richie personally today on IRC about my hasty and ill-informed statements, discussed their standing policies and the MINT team's concerns with said policies, of which everyone involved in the team's discussion shared. I was informed that Bill has final say over these matters and that we can further discussions with him directly.

I don't have a problem with this, its a very reasonable course of action. The team wants what is best for the coin and the community surrounding it and we feel that there is more to be discussed with Bill on the matter of being (re)listed on Bittrex. MINT is not starving for places to trade on like some new coin fresh out of the git repository, so there really is no need to rush into anything.

Now, since you're obviously for a listing on Bittrex, perhaps you'd like to share your thoughts or reasons as to why it means so much to you.

Well it doesn't mean anything special to me, its just that Bittrex is only exchange i like among craptsy(dead, no support), Polo(asks ID, fake vol), BTER(hacked), & others without any volume to do trading. They said if Mint has some concrete plan then volume doesn't matter so there was hope for me to trade/buy Mint regularly if it gets there.

But my overall experience with introducing anything new to this community is quite bad, people just dont want to listen. Same thing happened when i asked about CryptoID block explorer. I dont know if people here had too many bad experience or what but they think any one asking for money for services is bad. I just want basic infrastructure around the coin to be good. From the get go people start accusing & ranting. I am more disappointed with community than any specific case. Only you and kiklo have shown any sense and maybe one or two others. Everyone starts judging from their high seat as if MINT is only legit thing and any newcomer is just trying to do things for profit or speculation.

That's all. I hoped that official team has more sense & professionalism (and you do). Thanks.

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December 08, 2015, 08:27:03 AM
 #18976

Its nice to see that we finally got to a stage where 2 relevant parties are talking. Its was strange to see people not even considering the possibility & rejecting any advance outright. It turned out to be more than getting people together when cryptomommy got busy & i had to relay messages around with people having prejudices/past bad experience with bittrex. I guess i wasn't expecting such hostility.

Next time i will probably use PM to official team & let you handle things in public.

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December 08, 2015, 08:31:50 AM
 #18977

It is easy, you just install the program and download the blockchain. Bittorent Sync enables automatic daily updates of the blockchain so you always get a fresh copy Wink

After you have downloaded the blockchain you can easily uninstall the program, but by running the program you help others who also want to download the most recent copy of the blockchain.
and how am I supposed to do all that, through command line  Roll Eyes

Reading a forum through command line too?
sorry, are you in a cave?
have you not heard of a VPS?
My point is that I can't transfer the blockchain in the command line environment, nor from windows environment to SSH
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December 08, 2015, 09:14:15 AM
 #18978

Its nice to see that we finally got to a stage where 2 relevant parties are talking. Its was strange to see people not even considering the possibility & rejecting any advance outright. It turned out to be more than getting people together when cryptomommy got busy & i had to relay messages around with people having prejudices/past bad experience with bittrex. I guess i wasn't expecting such hostility.

Next time i will probably use PM to official team & let you handle things in public.

This is a hectic time of the year. Holidays, family, work, society....I think many, MANY people (myself included) are a bit more on-edge in general. In terms of crypto, I think recent events have made many people skeptical or overly cautious or sometimes downright hostile. And of course, misinformation, impersonation, half-truths, miscommunications, and confusion is always in abundance around the internet.

You're always welcome to contact me directly on here, and I can be found on IRC most days at many random hours of the day.

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December 08, 2015, 09:21:13 AM
 #18979

Anyone using Cryptsy, might want to do a test withdrawal of Mintcoins.
A lot of PoS coins have been going offline or withdrawals stuck in pending on Cryptsy today.

Post if the withdrawal worked for you or not, so everyone here knows.

 Cool

FYI:
So far ZEIT, TEK, & Navajo are having wallet issues on cryptsy.

ZEIT
       20X bitcoin Transaction Capacity
       Affordable
       Energy Efficient
       Fast Confirmations
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December 08, 2015, 09:50:13 AM
 #18980

sorry, are you in a cave?
have you not heard of a VPS?
My point is that I can't transfer the blockchain in the command line environment, nor from windows environment to SSH

Ok,
Correct this if I guess wrong,
Windows Machine at home and Linux VPS on the internet.

Down the blockchain using their way to windows PC.

Old School  Wink
On the Linux VPS , setup a FTP server https://www.youtube.com/watch?v=kt9LmIXMBi0
You may have to google more info for your version.

Then FTP the blockchain files up to your VPS from your Windows PC.

 Cool


ZEIT
       20X bitcoin Transaction Capacity
       Affordable
       Energy Efficient
       Fast Confirmations
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