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

[PCJargon]

Conversations here just go round in circles constantly. Guess it should be expected.

[MyFarm]

Greetings,

I'm considering investing in Mintcoin but can't wrap my mind around something which I would appreciate help with.

1.  POS starts when a coin has been in your wallet for 20 days, correct?  If I have 1 coin in my wallet for 20 days then add 1 million more, do those 1 million automatically become eligible for POS or do they have to go 20 days?

2.  If it is the latter, doesn't that make people not want to spend their coin as they then lose out on the POS?

Thank you.

[Gingermod]

If Dogecoin and Vertcoin had the Proof of Stake feature, both coins would be sitting on very high numbers. If you have a stake in Mintcoin, give yourself a pat on the back.

Give me a logical explanation as to why PoS is superior.

All I see is

Extreme early adopter dominance, inflation, and stagnation.

You seriously think this will catch on? It's being pumped.

The waste of energy for PoW cannot be justified when there is a more efficient alternative available.

Does anyone really care about the energy/resource "waste" of making money? Let's just stop making movies and superfluous consumer goods.

If anything crypto-currencies fight the flaws of fiat.

[PCJargon]

Greetings,

I'm considering investing in Mintcoin but can't wrap my mind around something which I would appreciate help with.

1.  POS starts when a coin has been in your wallet for 20 days, correct?  If I have 1 coin in my wallet for 20 days then add 1 million more, do those 1 million automatically become eligible for POS or do they have to go 20 days?

2.  If it is the latter, doesn't that make people not want to spend their coin as they then lose out on the POS?

Thank you.

It's only ~1% every 20 days, so it's not /that/ huge of a concern. Plus, you only lose the PoS from the coins you move around, any amount that stay static for 20 days will increase.

[Gingermod]

Greetings,

I'm considering investing in Mintcoin but can't wrap my mind around something which I would appreciate help with.

1.  POS starts when a coin has been in your wallet for 20 days, correct?  If I have 1 coin in my wallet for 20 days then add 1 million more, do those 1 million automatically become eligible for POS or do they have to go 20 days?

2.  If it is the latter, doesn't that make people not want to spend their coin as they then lose out on the POS?

Thank you.

PoS coins are great for hoarding, and being pumped, and being a ponzi scheme.

[Jeezy911]

Greetings,

I'm considering investing in Mintcoin but can't wrap my mind around something which I would appreciate help with.

1.  POS starts when a coin has been in your wallet for 20 days, correct?  If I have 1 coin in my wallet for 20 days then add 1 million more, do those 1 million automatically become eligible for POS or do they have to go 20 days?

2.  If it is the latter, doesn't that make people not want to spend their coin as they then lose out on the POS?

Thank you.

PoS coins are great for hoarding, and being pumped, and being a ponzi scheme.

non bag holder sad

[mgburks77]

Greetings,

I'm considering investing in Mintcoin but can't wrap my mind around something which I would appreciate help with.

1.  POS starts when a coin has been in your wallet for 20 days, correct?  If I have 1 coin in my wallet for 20 days then add 1 million more, do those 1 million automatically become eligible for POS or do they have to go 20 days?

2.  If it is the latter, doesn't that make people not want to spend their coin as they then lose out on the POS?

Thank you.

1. No, I believe each coin has to mature to become eligible. It's not a matter of the first transaction reaching a certain number of confirmations, or something along those lines.
2. I wouldn't think so, as long as the original principle wasn't touched your holding would in effect be earning a residual income you could either save or spend. Look at the public, they could could be saving their fiat and investing it, but they spend it. People want stuff.

[WarrenBuffet]

Greetings,

I'm considering investing in Mintcoin but can't wrap my mind around something which I would appreciate help with.

1.  POS starts when a coin has been in your wallet for 20 days, correct?  If I have 1 coin in my wallet for 20 days then add 1 million more, do those 1 million automatically become eligible for POS or do they have to go 20 days?

2.  If it is the latter, doesn't that make people not want to spend their coin as they then lose out on the POS?

Thank you.

I think you are missing the whole message behind Mintcoin. It is a Proof of Stake (PoS) coin not a Proof of Work (PoW). Big difference.

[mgburks77]

Does anyone really care about the energy/resource "waste" of making money?

Of course, it's expensive overhead.

get outa here lol

[mgburks77]

Hey Warren, what's aces?

[WarrenBuffet]

The coin starts to be overpumped, correction needed or the falling knife will be deadly.

GTFO trying to lure innocent sellers. Warren buffett would slap you

That is right Collegestudent, I am going to bitch slap this noob for doubting Mintcoin. You cannot escape my reach. Why can't you all be more like Colegestudent? Shows how much you know about cryptocurrency markets.

disclaimer: I do not personally own any Mintcoin at this time but am open to offers below 30 satoshi's. I sure missed the boat on this one.

[mgburks77]

The coin starts to be overpumped, correction needed or the falling knife will be deadly.

GTFO trying to lure innocent sellers. Warren buffett would slap you

That is right Collegestudent, I am going to bitch slap this noob for doubting Mintcoin. You cannot escape my reach. Why can't you all be more like Colegestudent? Shows how much you know about cryptocurrency markets.

disclaimer: I do not personally own any Mintcoin at this time but am open to offers below 30 satoshi's. I sure missed the boat on this one.

no, it will go to 60 tonight

[hvezdasmrti]

The problem of crypto is that it always repeats the same stupid model.

First phase - nobody cares, its called "randomisation phase". Just a coin release and nobody knows what will happen. You cant own them all because there are gazillions of coins coming to the market so even the best investor has to satisfy with random luck when choosing which coin should "make it".

Second phase - pump. It depends only on the success of its own success. Market cap or future market cap is totally irrelevant. Pumped coins get more pumped and point attraction. Its typical for them that the value reaches the value which the coin would get in few months or years in the best scenario of its future.

Third phase - dump. After peaking there appears a dump which takes usually few weeks. People realize that the value is really too big and start selling. It takes a while until the coin loses all value made by pump. Then usually comes the next phase  

4th phase - re-pump. When the value gets low enough and the coin gets slowly forgotten, there usually comes a re-pump usually made by new hype, few whales or just because it has fallen to satoshi value and technically it cant drop more. Because the coin is slowly forgotten, not too many sellers are active and watching the market so the pump is now possible again.

And then follows the 5th phase - last dump. After the last pump and dump the coin is usually stabilizing and being useless for Pump and Dump so it gets totally forgotten and left by everybody who is trading it for profit only and now the coin must show up his real abilities and innovation.

No coin has survived the 5th phase yet except bitcoin and maybe litecoin (however its discutable because litecoin has no real use). Doge is now between 4th and 5th phase. Mint is at 2nd phase.

Its very annoying that the price went to insane hights and we still dont know even a shit about its functionality. Will do the PoS work? Will the PoS be positive? The coin is one big pre-order, you pay for something what didnt show up yet. And its very annoying for real investors because they cant make a fair buy-in when the coin shows some potential. Just because they will come too late in potential dump phase no matter how well the coin will work.

[WarrenBuffet]

The coin starts to be overpumped, correction needed or the falling knife will be deadly.

GTFO trying to lure innocent sellers. Warren buffett would slap you

That is right Collegestudent, I am going to bitch slap this noob for doubting Mintcoin. You cannot escape my reach. Why can't you all be more like Colegestudent? Shows how much you know about cryptocurrency markets.

disclaimer: I do not personally own any Mintcoin at this time but am open to offers below 30 satoshi's. I sure missed the boat on this one.

no, it will go to 60 tonight

Don't make me take a DUMP! You will sell me your Mintcoin under 30 satoshi's!

[MyFarm]

Greetings,

I'm considering investing in Mintcoin but can't wrap my mind around something which I would appreciate help with.

1.  POS starts when a coin has been in your wallet for 20 days, correct?  If I have 1 coin in my wallet for 20 days then add 1 million more, do those 1 million automatically become eligible for POS or do they have to go 20 days?

2.  If it is the latter, doesn't that make people not want to spend their coin as they then lose out on the POS?

Thank you.

It's only ~1% every 20 days, so it's not /that/ huge of a concern. Plus, you only lose the PoS from the coins you move around, any amount that stay static for 20 days will increase.

If my business, 1% every 20 days is a HUGE return.  Most bank accounts these days don't offer 1% annually.

If I have 10 mintcoin in my wallet for 20 days, receive 2 new coin, then spend 1 immediately, does the wallet know to spend the non POS qualified coin first?

Thank you.

[Gingermod]

The problem of crypto is that it always repeats the same stupid model.

First phase - nobody cares, its called "randomisation phase". Just a coin release and nobody knows what will happen. You cant own them all because there are gazillions of coins coming to the market so even the best investor has to satisfy with random luck when choosing which coin should "make it".

Second phase - pump. It depends only on the success of its own success. Market cap or future market cap is totally irrelevant. Pumped coins get more pumped and point attraction. Its typical for them that the value reaches the value which the coin would get in few months or years in the best scenario of its future.

Third phase - dump. After peaking there appears a dump which takes usually few weeks. People realize that the value is really too big and start selling. It takes a while until the coin loses all value made by pump. Then usually comes the next phase  

4th phase - re-pump. When the value gets low enough and the coin gets slowly forgotten, there usually comes a re-pump usually made by new hype, few whales or just because it has fallen to satoshi value and technically it cant drop more. Because the coin is slowly forgotten, not too many sellers are active and watching the market so the pump is now possible again.

And then follows the 5th phase - last dump. After the last pump and dump the coin is usually stabilizing and being useless for Pump and Dump so it gets totally forgotten and left by everybody who is trading it for profit only and now the coin must show up his real abilities and innovation.

No coin has survived the 5th phase yet except bitcoin and maybe litecoin (however its discutable because litecoin has no real use). Doge is now between 4th and 5th phase. Mint is at 2nd phase.

Its very annoying that the price went to insane hights and we still dont know even a shit about its functionality. Will do the PoS work? Will the PoS be positive? The coin is one big pre-order, you pay for something what didnt show up yet. And its very annoying for real investors because they cant make a fair buy-in when the coin shows some potential. Just because they will come too late in potential dump phase no matter how well the coin will work.

In the meantime, that premine is going to make the creators bank

[Ferris419]

Greetings,

I'm considering investing in Mintcoin but can't wrap my mind around something which I would appreciate help with.

1.  POS starts when a coin has been in your wallet for 20 days, correct?  If I have 1 coin in my wallet for 20 days then add 1 million more, do those 1 million automatically become eligible for POS or do they have to go 20 days?

2.  If it is the latter, doesn't that make people not want to spend their coin as they then lose out on the POS?

Thank you.

PoS coins are great for hoarding, and being pumped, and being a ponzi scheme.

Again pay no attention to this troll

[mgburks77]

don't complain because you sit on the fence when the buying is good

at some point you have to commit to the decision to buy in, don't over rationalize it and lose out

[MyFarm]

The problem of crypto is that it always repeats the same stupid model.

First phase - nobody cares, its called "randomisation phase". Just a coin release and nobody knows what will happen. You cant own them all because there are gazillions of coins coming to the market so even the best investor has to satisfy with random luck when choosing which coin should "make it".

Second phase - pump. It depends only on the success of its own success. Market cap or future market cap is totally irrelevant. Pumped coins get more pumped and point attraction. Its typical for them that the value reaches the value which the coin would get in few months or years in the best scenario of its future.

Third phase - dump. After peaking there appears a dump which takes usually few weeks. People realize that the value is really too big and start selling. It takes a while until the coin loses all value made by pump. Then usually comes the next phase  

4th phase - re-pump. When the value gets low enough and the coin gets slowly forgotten, there usually comes a re-pump usually made by new hype, few whales or just because it has fallen to satoshi value and technically it cant drop more. Because the coin is slowly forgotten, not too many sellers are active and watching the market so the pump is now possible again.

And then follows the 5th phase - last dump. After the last pump and dump the coin is usually stabilizing and being useless for Pump and Dump so it gets totally forgotten and left by everybody who is trading it for profit only and now the coin must show up his real abilities and innovation.

No coin has survived the 5th phase yet except bitcoin and maybe litecoin (however its discutable because litecoin has no real use). Doge is now between 4th and 5th phase. Mint is at 2nd phase.

Its very annoying that the price went to insane hights and we still dont know even a shit about its functionality. Will do the PoS work? Will the PoS be positive? The coin is one big pre-order, you pay for something what didnt show up yet. And its very annoying for real investors because they cant make a fair buy-in when the coin shows some potential. Just because they will come too late in potential dump phase no matter how well the coin will work.

Excellent analysis.  As an investor, I'm looking for coins that have long term potential and an excellent dev team committed to continue to evolve the coin as new technologies are released.

Not many of those out there.  So far Bitcoin and Darkcoin fit the bill for me.  Auroracoin is fascinating as an experiment though I'm not at all sold on the dev team.  And I'm trying to understand Mintcoin.

[WarrenBuffet]

Hey Warren, what's aces?

It's Mr. Buffet to you, sonny. Where's my Mintcoin, Bitches!!