[ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]

[PCJargon]

@People worried about hoarding. You do realize that the 20% interest rate is only for the first year? The interest rate declines substantially annually until it hits 5%. Thus, the amount of interest will certainly not be worth hoarding the more time goes on. Even at current 20% rate, what's the point of holding it all? People spend it. People try to cash out because they think value is high, or that they're in need of $.

Are most people with Bitcoin simply holding it and waiting for deflation spikes again? No. Mass amounts of Bitcoin transactions all the time. At any point someone can buy into Mint, the trades aren't going to simply end.

Have a listen.

http://www.listentobitcoin.com/

HA! That's awesome, didn't know about that site.

Additional note, just like Bitcoin, people will attempt to buy low sell high. Even in a currency that specifically rewards holding, there will always be buyers and sellers.

[CryptoMF]

I have not sold one Mint.  

Patience, patience, patience.

I'm right with you - this was a no brainer from the beginning!

March 13th and 14th are certainly going to be very interesting days for everyone here. I hope you all are ready.

[CryptoMF]

@People worried about hoarding. You do realize that the 20% interest rate is only for the first year? The interest rate declines substantially annually until it hits 5%. Thus, the amount of interest will certainly not be worth hoarding the more time goes on. Even at current 20% rate, what's the point of holding it all? People spend it. People try to cash out because they think value is high, or that they're in need of $.

Are most people with Bitcoin simply holding it and waiting for deflation spikes again? No. Mass amounts of Bitcoin transactions all the time. At any point someone can buy into Mint, the trades aren't going to simply end.

Have a listen.

http://www.listentobitcoin.com/

HA! That's awesome, didn't know about that site.

Additional note, just like Bitcoin, people will attempt to buy low sell high. Even in a currency that specifically rewards holding, there will always be buyers and sellers.

God, I hope you are right. I could really use some long term income stream right now. I am wondering if now is a good price or if I should wait.

[forzendiablo]

price is goign hugh as hell!
itwill reach 35 or sure

[Alakazam2000]

price is goign hugh as hell!
itwill reach 35 or sure

I am getting ready for a big dump, put buy orders @20

[colinfx]

price is goign hugh as hell!
itwill reach 35 or sure

I am getting ready for a big dump, put buy orders @20

I remember reading posts like this when it was at 7 satoshi lol

[mgburks77]

To: CryptoMF

Why do you think any large amount of people would suddenly decide to give us control of the vast majority of the money supply?

 Of all crypto I've seen so far mintcoin has best shot at mass adoption. Bitcoin and litecoin are great currencies but the energy waste for mining is not going to allow much further development along that line. The ability to earn interest with a holding I could afford and green mining are precisely the qualities I was seeking when I discovered NXT. Unfortunately I was late to that party and forging got me no where. Mint seems to take the great qualities found in NXT and adds to them the ability to earn interest for all stakeholders in the coin rather than a few very rich early adopters.

I feel that miscalculation ruined a potentially great coin in NXT. But then I stumbled upon mint, whose developers seemed to be thinking along the same lines I was.

I'm optimistic, and if I prosper I would definitely be spending some of it. I think most would do likewise. The possibility of residual income is a powerful feature for a crypto.

[PauloLauro]

wolong PUMP this coin OK time to dump ;]

[Beaverslayer]

@People worried about hoarding. You do realize that the 20% interest rate is only for the first year? The interest rate declines substantially annually until it hits 5%. Thus, the amount of interest will certainly not be worth hoarding the more time goes on. Even at current 20% rate, what's the point of holding it all? People spend it. People try to cash out because they think value is high, or that they're in need of $.

Are most people with Bitcoin simply holding it and waiting for deflation spikes again? No. Mass amounts of Bitcoin transactions all the time. At any point someone can buy into Mint, the trades aren't going to simply end.

You do realize that 64% of all Bitcoins have NEVER been spent?

[the0n3]

can some one tell me site to check price for mint coin? i dont understand how the price work for mint coin i keep on reading sooshi or somthing? how does the value on this coin work? thanks

[PCJargon]

@People worried about hoarding. You do realize that the 20% interest rate is only for the first year? The interest rate declines substantially annually until it hits 5%. Thus, the amount of interest will certainly not be worth hoarding the more time goes on. Even at current 20% rate, what's the point of holding it all? People spend it. People try to cash out because they think value is high, or that they're in need of $.

Are most people with Bitcoin simply holding it and waiting for deflation spikes again? No. Mass amounts of Bitcoin transactions all the time. At any point someone can buy into Mint, the trades aren't going to simply end.

Have a listen.

http://www.listentobitcoin.com/

HA! That's awesome, didn't know about that site.

Additional note, just like Bitcoin, people will attempt to buy low sell high. Even in a currency that specifically rewards holding, there will always be buyers and sellers.

God, I hope you are right. I could really use some long term income stream right now. I am wondering if now is a good price or if I should wait.

My belief is that it'll go as high as 100 satoshi. Right now it's still easily mineable, but the halving is going to occur a couple more times.

I certainly don't expect it to go any lower than it is now.

[the0n3]

lol sorry satoshi how thos work? for price

[PCJargon]

lol sorry satoshi how thos work? for price

Satoshi is the smallet unit of Bitcoin measurement. Each Mint is currently worth ~30 satoshi on exchange sites, this is aka 0.00000030 Bitcoins. So multiply 0.00000030 x (how many Mintcions you have), then go here:
http://preev.com/

[Sanasol]

awesome coin!

did separate calc. for it, but ofc it doesnt need to see that awesome profit

http://sancrypto.info/?alt=mint

~500-600% profit vs ltc

[jany8293]

awesome coin!

did separate calc. for it, but ofc it doesnt need to see that awesome profit

http://sancrypto.info/?alt=mint

~500-600% profit vs ltc

I believe something is not correct here, it's not even close to the reality.

[Vinculin]

awesome coin!

did separate calc. for it, but ofc it doesnt need to see that awesome profit

http://sancrypto.info/?alt=mint

~500-600% profit vs ltc

I believe that the calculation is not valid. From my experience, you can only get like 40000 coins/MH.

[Sanasol]

awesome coin!

did separate calc. for it, but ofc it doesnt need to see that awesome profit

http://sancrypto.info/?alt=mint

~500-600% profit vs ltc

I believe something is not correct here, it's not even close to the reality.

yes, didnt see about coins per block halving...

what block reward now?

[PCJargon]

My calculations, It's about $8 a day per 1mh/s, but that's only at current value.

[Vann]

awesome coin!

did separate calc. for it, but ofc it doesnt need to see that awesome profit

http://sancrypto.info/?alt=mint

~500-600% profit vs ltc

I believe something is not correct here, it's not even close to the reality.

He is using 450,000 as the block reward. Since the initial maximum reward of 900,000 coins has halved twice since launch, the current MAXIMUM reward per block is 225,000 coins until this Thursday when it wil halve once again. Since the block reward is variable, to estimate the number of coins mined per day you need to average the current block reward or ~112,500 coins per block.

[Ferris419]

Ohhhhh yeahhhhh 22 on coinmarketcap I like where this is headed