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Author Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]  (Read 1332868 times)
deadmanwalking
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March 14, 2014, 07:24:06 PM
 #8521

Ill be cashing half of my mint soon for investing into other coins.

I'm holding my Mint long term. If you plan to sell half your Mint, you should probably do it in stages. Even if Mint will to fail long term, I believe it will be pumped again soon.

Someone has been buying a lot of Mint at cheap prices for weeks now, and they will want to dump it soon. In order to do this they will need to pump. Contrary to what many believe, the person conducting the pump does not start the pump. The followers of the pumper start the pump. It goes like this:

-Buy a bunch of cheap coins.
-Tell a huge amount of people that coins about to be pumped.
-Watch those people buy up the coins
-Other people see rise in volume and price and start buying before they "miss the train"
-SELL the coins you bought cheap into existing buy walls and PROFIT. pump over

So we haven't gotten to step 2 yet.

171XPWLy36oDmQfMdnPYWHfQgkfRoYGjHd
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stormia
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March 14, 2014, 07:24:24 PM
 #8522


Yeah, this is a great idea!
philipvdlinde
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March 14, 2014, 07:27:05 PM
 #8523

Ill be cashing half of my mint soon for investing into other coins.

I'm holding my Mint long term. If you plan to sell half your Mint, you should probably do it in stages. Even if Mint will to fail long term, I believe it will be pumped again soon.

Someone has been buying a lot of Mint at cheap prices for weeks now, and they will want to dump it soon. In order to do this they will need to pump. Contrary to what many believe, the person conducting the pump does not start the pump. The followers of the pumper start the pump. It goes like this:

-Buy a bunch of cheap coins.
-Tell a huge amount of people that coins about to be pumped.
-Watch those people buy up the coins
-Other people see rise in volume and price and start buying before they "miss the train"
-SELL the coins you bought cheap into existing buy walls and PROFIT. pump over

So we haven't gotten to step 2 yet.

I have sold 5 million in order to ride the wave of BC. I can buy back afterwards with profit.
Jherek
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March 14, 2014, 07:33:36 PM
 #8524

So, why didnt I get any minting for days now?
I am holding more than 1m and last I got was like 760 two days ago

flounderella
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March 14, 2014, 07:40:43 PM
 #8525

Anyone knows how long it takes to stake at the moment, after meeting the coin age requirements.

It would be helpful if the stats in debug console showed your stake weight relative to the network like Hononickels and some others do
IconicExpert
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March 14, 2014, 08:03:15 PM
 #8526

Sorry to see any users of Mintcoin exit so early, but if I may be a bit of an asshole... Good Riddance! We don't need short term people who jump at the next coin just to make a quick buck. It is this activity that is keeping Mintcoin prices down. For all of us who are in it for the moderate long-term, take heart in short-timers exiting. That said, good luck to you IconicExpert - nothing personal, but I'm happy to see you bow out so others can get your coins on the cheap.

I do not take offense to your comments, everyone is entitled to his/her opinion. I still hold a few million Mint and I was in it for the long term. However, it is hard to support a project when the developers are not publicly active. Mint might get one last pump but it will not go the distance like some here believe. Barley active developers, low confidence in the coin, and low sell walls that average 10 BTC. New coins with the same or better features are being released everyday and unfortunately Mint is being lost in the crowd.
dogechode
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March 14, 2014, 08:09:34 PM
 #8527

So, why didnt I get any minting for days now?
I am holding more than 1m and last I got was like 760 two days ago

I believe they announced 20% interest the first year so in theory with 1 million coins you should be getting about an average of 548/day. (200k / 365 = 547.9) That's assuming you keep the wallet running 24x7x365 and everything works properly as designed. It should gradually increase as compound interest comes into play, unless they somehow factored in compound interest which would be much more complicated... and I doubt they did.
Jherek
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March 14, 2014, 08:14:55 PM
 #8528

So, why didnt I get any minting for days now?
I am holding more than 1m and last I got was like 760 two days ago

I believe they announced 20% interest the first year so in theory with 1 million coins you should be getting about an average of 548/day. (200k / 365 = 547.9) That's assuming you keep the wallet running 24x7x365 and everything works properly as designed. It should gradually increase as compound interest comes into play, unless they somehow factored in compound interest which would be much more complicated... and I doubt they did.

And compared to normal mining, this is a really low output. I mined that million in a week or so, then moved again to other coins. When I started the wallet again last week, I got like 3k of my stake but then only 760 two day ago then nothing more.
If it is really onls 550/day and one has to wait 20 days before any stake I doubt, that many would invest in that coin to get a stake.

dogechode
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March 14, 2014, 08:28:17 PM
 #8529

And compared to normal mining, this is a really low output. I mined that million in a week or so, then moved again to other coins. When I started the wallet again last week, I got like 3k of my stake but then only 760 two day ago then nothing more.
If it is really onls 550/day and one has to wait 20 days before any stake I doubt, that many would invest in that coin to get a stake.

Well, that all depends on where the price goes. if the price were slowly steadily rising, then it would be a different ballgame. You can mint coins for next to nothing, rather than spending hundreds a month on electricity to mine - so it's passive income in a sense. But if the price keeps dicking around at 20 satoshis for months to come then yeah, this will be in trouble.
dille71
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March 14, 2014, 08:31:38 PM
 #8530

How come there are constantly these hughe buy/sell orders but only very small trades for mint at mintpal?

Some other coins have larger 24h volume but mutch smaller orders..
Why is it like this?

Mintcoin: MsFGc9atNN6DddEsQHiq7MgDieoSLwtmg5
InformationCoin: Je4ZhmQBSd68oZ7CeXWMrWEsyprTXAVFuX
XbladeX
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March 14, 2014, 08:50:42 PM
 #8531

Black coin rises, but down to mint coin. Mint is also active in the community to be more. Why do black coin climb?

Because Mints are not black
I can answer you:
- 0% premine Mint 4.5% effective premine
- PURE POS ( usulay 5s-15s transactions speed) Mint still is POS/POW hybrid.
- rising community
- 1% inflation but every 8h i can get stack(part of that 1%) i don't even care to mint i don't afraid to touch balance
- 1% inflation means that you need 20x less btc to keep price than 20% inflation
- many people just discovered BC
- compare direct to Mint to BC price should be about 5000 sat Tongue

I have 400k Mint community is great. I like it.
But for me BC is bit different coin with bit different economy.
In BC all is happening faster faster transaction, faster stakes, it wasn't so popular so it grows now faster too.

BTW HBN +100% year inflation is over power...This  year will be 150% because they mine a lot.




BC 0% premine... Yes, technically.. But weren't all the coins mined within a week of release? That doesn't seem like a long enough time to allow for a fair distribution.
Depends on point of view was mined in 10 days yes but difficulty was high 10Ghs-50Ghs during mining...
After 10 days many people lost faith in BC they sold BC even lower than floor price while mining 1000-2000 sat...
Could longer period of minig change that i don't think so it just could making happier miners after all.
At the end of mining party miners sold with loss. POS system you can make with longer period of minig you can make IPO like NEM You can give for free coins like FAIR.
If you look at dystrybution of BC it proves that worked top holders have 2,2m-probably exchange from all 75m...
In mining some farmers got 3,5m they have sold their coins i have been watching those wallets.
Short mining with hype gave many good profits but main goal was achieved just look at good distribution...
http://maarx.nl/maarx.nl/blackcoin/distribution
Even now for 2BTC you can be in TOP 1000...
BC don't have Devs with 1%-4,5% of all coins.
Quark prove just that the long mining don't bring fairer distribution in six moths noone cares about Quark price was 50-500 sat on Cryptsy but
when price blow up to 10000 all call it premine scam...i even heard FUD that quark Devs have 75% of all coins...
So as you see fast distribution sometimes is better do big boom get attention i didn't wanted fallow Quark scenario.
With POS system top 500 guys have to be active to do something with coin they need share wealth, they need build community
miners mostly are for quick $ today after mining they switch to another coin they can sell coins even with loss like it was with BC.
With long mining phase dumping mooltipools / ASICs are destroying your work/attitude putted into coin...
See how Doge price is getting down by quick $ miners this is sad...


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Jherek
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March 14, 2014, 09:34:22 PM
 #8532

And compared to normal mining, this is a really low output. I mined that million in a week or so, then moved again to other coins. When I started the wallet again last week, I got like 3k of my stake but then only 760 two day ago then nothing more.
If it is really onls 550/day and one has to wait 20 days before any stake I doubt, that many would invest in that coin to get a stake.

Well, that all depends on where the price goes. if the price were slowly steadily rising, then it would be a different ballgame. You can mint coins for next to nothing, rather than spending hundreds a month on electricity to mine - so it's passive income in a sense. But if the price keeps dicking around at 20 satoshis for months to come then yeah, this will be in trouble.

But you also get next to nothing for minting. What are 500/day worth when bagholders sit on millions? You see the answer at the market and its movement...

deadmanwalking
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March 14, 2014, 09:40:59 PM
 #8533

Black coin rises, but down to mint coin. Mint is also active in the community to be more. Why do black coin climb?

Because Mints are not black
I can answer you:
- 0% premine Mint 4.5% effective premine
- PURE POS ( usulay 5s-15s transactions speed) Mint still is POS/POW hybrid.
- rising community
- 1% inflation but every 8h i can get stack(part of that 1%) i don't even care to mint i don't afraid to touch balance
- 1% inflation means that you need 20x less btc to keep price than 20% inflation
- many people just discovered BC
- compare direct to Mint to BC price should be about 5000 sat Tongue

I have 400k Mint community is great. I like it.
But for me BC is bit different coin with bit different economy.
In BC all is happening faster faster transaction, faster stakes, it wasn't so popular so it grows now faster too.

BTW HBN +100% year inflation is over power...This  year will be 150% because they mine a lot.




Bunch of malarkey  Tongue

Blackcoin has a small number of coins, and is therefore much easier to move markets. That's why it's climbing\falling blah blah. With current buy sell walls you could move it down to 1800 placing a buy of 1 Bitcoin! Hell it's moved 200 sat down during the time I typed this.

Mint is a good coin, with a more active community-just hold it and relax. People want to panic at every move.

171XPWLy36oDmQfMdnPYWHfQgkfRoYGjHd
mgburks77
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March 14, 2014, 09:53:07 PM
 #8534

Here's an idea but I dont know if its possible.

Einsteinium, a great coin. Why? 2 % of all mining goes into a fund for scientific research,

So, as we know the POW/mining of mint has stopped now. But we could donate 2% of all future staked coins into the "mint foundation" for charity purposes.

Not sure if this could be automated in the algorithm of the coin?

It would make this coin even more unique and add innovation. No other POS coin has ever done that I think.

No, you can donate 2% of your coins if you want communist.

He's talking about giving the currency a fundamental reason to exist, which is a valid point. There are other ways to do this than charitable donations tho.
mgburks77
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March 14, 2014, 09:57:50 PM
 #8535

Black coin rises, but down to mint coin. Mint is also active in the community to be more. Why do black coin climb?

Because Mints are not black
I can answer you:
- 0% premine Mint 4.5% effective premine
- PURE POS ( usulay 5s-15s transactions speed) Mint still is POS/POW hybrid.
- rising community
- 1% inflation but every 8h i can get stack(part of that 1%) i don't even care to mint i don't afraid to touch balance
- 1% inflation means that you need 20x less btc to keep price than 20% inflation
- many people just discovered BC
- compare direct to Mint to BC price should be about 5000 sat Tongue

I have 400k Mint community is great. I like it.
But for me BC is bit different coin with bit different economy.
In BC all is happening faster faster transaction, faster stakes, it wasn't so popular so it grows now faster too.

BTW HBN +100% year inflation is over power...This  year will be 150% because they mine a lot.




Bunch of malarkey  Tongue

Blackcoin has a small number of coins, and is therefore much easier to move markets. That's why it's climbing\falling blah blah. With current buy sell walls you could move it down to 1800 placing a buy of 1 Bitcoin! Hell it's moved 200 sat down during the time I typed this.

Mint is a good coin, with a more active community-just hold it and relax. People want to panic at every move.

+1

I haven't even been able to mint yet and already people are talking about bailing. There is a long way to go and we are only at the beginning. These large sell orders are from people who mined a lot of mint and we will just have to let that run it's course.

Look on the bright side, selling coins this cheap is the fairest way to distribute them fairly. Let the market do it's work. Every one has an equal shot at them at this low price.
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March 14, 2014, 10:02:41 PM
 #8536

Black coin rises, but down to mint coin. Mint is also active in the community to be more. Why do black coin climb?

Because Mints are not black
I can answer you:
- 0% premine Mint 4.5% effective premine
- PURE POS ( usulay 5s-15s transactions speed) Mint still is POS/POW hybrid.
- rising community
- 1% inflation but every 8h i can get stack(part of that 1%) i don't even care to mint i don't afraid to touch balance
- 1% inflation means that you need 20x less btc to keep price than 20% inflation
- many people just discovered BC
- compare direct to Mint to BC price should be about 5000 sat Tongue

I have 400k Mint community is great. I like it.
But for me BC is bit different coin with bit different economy.
In BC all is happening faster faster transaction, faster stakes, it wasn't so popular so it grows now faster too.

BTW HBN +100% year inflation is over power...This  year will be 150% because they mine a lot.




Bunch of malarkey  Tongue

Blackcoin has a small number of coins, and is therefore much easier to move markets. That's why it's climbing\falling blah blah. With current buy sell walls you could move it down to 1800 placing a buy of 1 Bitcoin! Hell it's moved 200 sat down during the time I typed this.

Mint is a good coin, with a more active community-just hold it and relax. People want to panic at every move.
i never told that Mintcoins is bad coin.
On market all some times go up sometimes go down.
Mint coin is just different than BC.
BC after +70% up in one day needs to get their price to stabilize. so +-20% is pretty normal.
Mint have 20% inflation while BC 1% what to mean for me as owner of Mint and BC.
That in theory BC will be 20x easier to pump than Mint. BC in reality it needs to be big like 100m coins - Vertcoin-Darkcoin price lvl to get some stabilization.
Mint is more like Doge Xbilion coin so their price in long run can get to hmm 800-1000 sat maybe more.

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graIn..
.
The Backbone of
Modern Work Agreements.
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█████████████   █████

.Whitepaper.
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mgburks77
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March 14, 2014, 10:02:52 PM
 #8537

And compared to normal mining, this is a really low output. I mined that million in a week or so, then moved again to other coins. When I started the wallet again last week, I got like 3k of my stake but then only 760 two day ago then nothing more.
If it is really onls 550/day and one has to wait 20 days before any stake I doubt, that many would invest in that coin to get a stake.

Well, that all depends on where the price goes. if the price were slowly steadily rising, then it would be a different ballgame. You can mint coins for next to nothing, rather than spending hundreds a month on electricity to mine - so it's passive income in a sense. But if the price keeps dicking around at 20 satoshis for months to come then yeah, this will be in trouble.

But you also get next to nothing for minting. What are 500/day worth when bagholders sit on millions? You see the answer at the market and its movement...

More than one merchant relationship with mint has been worked out by mint's developers already. This is the crucial factor in establishing value for any medium of exchange. When more products are available for exchange then mint will become more economically valid. This holds true for all attempts at creating a new currency.
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March 14, 2014, 10:07:26 PM
 #8538

Blackcoin leaves a bad feeling in my gut. I tend to go with my gut with these things and I don't think that I will ever put a single satoshi into blackcoin. I'm in Mint and I'm here holding from here on out.
philipvdlinde
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March 14, 2014, 10:09:15 PM
 #8539

Ill be selling my 28k blackcoins for 2150 satoshis, after that Ill put the original 0,95 btc back in to mint and ill use the profits for daytrading with other coins.
mgburks77
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March 14, 2014, 10:10:18 PM
 #8540

Black coin rises, but down to mint coin. Mint is also active in the community to be more. Why do black coin climb?

Because Mints are not black
I can answer you:
- 0% premine Mint 4.5% effective premine
- PURE POS ( usulay 5s-15s transactions speed) Mint still is POS/POW hybrid.
- rising community
- 1% inflation but every 8h i can get stack(part of that 1%) i don't even care to mint i don't afraid to touch balance
- 1% inflation means that you need 20x less btc to keep price than 20% inflation
- many people just discovered BC
- compare direct to Mint to BC price should be about 5000 sat Tongue

I have 400k Mint community is great. I like it.
But for me BC is bit different coin with bit different economy.
In BC all is happening faster faster transaction, faster stakes, it wasn't so popular so it grows now faster too.

BTW HBN +100% year inflation is over power...This  year will be 150% because they mine a lot.




Bunch of malarkey  Tongue

Blackcoin has a small number of coins, and is therefore much easier to move markets. That's why it's climbing\falling blah blah. With current buy sell walls you could move it down to 1800 placing a buy of 1 Bitcoin! Hell it's moved 200 sat down during the time I typed this.

Mint is a good coin, with a more active community-just hold it and relax. People want to panic at every move.
i never told that Mintcoins is bad coin.
On market all sometimes go up sometimes go down.
Mint coin is just different than BC.
BC after +70% up in one day need to get their price ti stabilize. so +-20% is pretty normal.
Mint have 20% inflation while BC 1% what to mean for me as owner of Mint and BC.
That in theory BC will be 20x easier to pump than Mint.BC in reality it need to be big like 100m coins - Vertcoin-Darkcoin price lvl to get some stabilization.
Mint is more like Doge Xbilion coin so their price in long run can get to hmm 800-1000 sat maybe more.


The reality is that hundreds of millions of mint are not being allowed to mint because it is being moved around on or stored on exchanges etc so the actual inflation rate is nowhere near 20%...

The other side of that theory is that a currency has to have enough inflation to be liquid, especially if it is to have the potential for global adoption. So I don't really see that as a problem. How fast do PoW coins inflate due to mining? I would say it is roughly equivalent to a PoS coin.
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