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

[gofoter]

I'm going big on this.Let make the journey begin!

[lumeire]

Help with the giveaway guys.

http://www.blackhatworld.com/blackhat-seo/freebies-giveaways/652185-giveaway-mintcoins-pow-pos-hybrid-cryptocurrency.html

Donate to keep it going.

MjaSwQPvZrUwhbzwz4BRxxnBuKD9UtxaVU

You can check the status of the giveaway here:

https://docs.google.com/document/d/1BQMtpoUpp-aGzuftc84rFwcaRGe7RkHIB9Xg0Bu3NgA/

Also, don't forget to vote for MINT @

Allcrypt: http://www.allcrypt.com/beta/voting.php
CoinedUp: http://www.reddit.com/r/CoinedUp/comments/1xk8ge/please_add_mintcoin/
CryptX: http://www.reddit.com/r/CryptX/comments/1xxkow/please_add_mintcoin/
SwissCEX: https://swisscex.uservoice.com/forums/238010-general/suggestions/5488394-add-mint-coin

On the other news, we're developing mintcoin-central to be a news/updates site about MintCoin.

Stay Fresh!

[ahhmenuts]

Where have people talked about the fallacy this coin has in its PoS strategy? Holding coins (based on coin days) generates income. What is the actual calculation here?

Can someone give some examples of people holding say 1000 coins, and the particular gains they'll make if

a) They hold for an entire period

b) They trade consistently but average 1,000 coins over a period

c) They start with 1,000 coins but end up with 100 at the end of the a period

Seems to me that transacting coin is far more valuable in the crypto market...Why? Because spending money makes money.

In fiat with banking systems money that is 'HELD' so to speak is not actually held, it is lent to others to make money.


Anyone care to discuss these points?

Also where is the transparency on the bounties? The development work? Is everyone going to be wolonged here?

Calc?  20% 1st year  
          15% 2nd year
         10% 3rd year
           5% succeeding years.

http://mintcoin.cc/about-mintcoin/


a.  percentage off the period held.
b.  no payout if you trade.  if in wallet for month continuous.
c.  1000 coins 20% = 1200 coins after year 1


You have 2 variables:   Time is a big one.  Let me ask you, how long does it take for an internet currency to be adapted, and used?  About 5 years.
Yes transactions are important, hence the need to keep a coin distributed in many hands and has longevity.   IF the coin stays in existence for 5 years, by then it will be used traded and invested.

Fiat Banking System remark:  Your living in 0% interest time period.  Where they will charge you to park your money in a savings account.  That is what you call Backwardation, or for the bipolar:  a fucked up market.  hardly free!   IT is rigged.  Free markets would be paying interest.
So what you want to know about the 1913 fiat gang?

Held?  Your maintaining value by not selling during the 5 years it takes to maintain stability and adapt to usage.

Hope this answers your questions.

That isn't a technical calculation. And I think your answers to a), b), and c) are all extremely ambiguous.

Where is the incentive for people to use their MintCoin for trade? It looks like anyone who sells MintCoin will be forgoing a 20% annual interest rate in the first year on that money??

Is it some sort of obligation to assume someone who asks valid questions not here to see crypto like this succeed? I'm trying to understand how others see it working in commerce, that's what's important for the adoption of a particular coin. I have three degrees. Two are masters in international business, and applied finance. I would like to encourage people who can discuss this at the appropriate level to add their views. I'm in for 12M MintCoin currently, I'm not swayed by short term gains I have no need for additional liquidity.

Why does it seem all the kids here are threatened by intellectual discourse?

[svojoe]

That isn't a technical calculation. And I think your answers to a), b), and c) are all extremely ambiguous.

Where is the incentive for people to use their MintCoin for trade? It looks like anyone who sells MintCoin will be forgoing a 20% annual interest rate in the first year on that money??

Is it some sort of obligation to assume someone who asks valid questions not here to see crypto like this succeed? I'm trying to understand how others see it working in commerce, that's what's important for the adoption of a particular coin. I have three degrees. Two are masters in international business, and applied finance. I would like to encourage people who can discuss this at the appropriate level to add their views. I'm in for 12M MintCoin currently, I'm not swayed by short term gains I have no need for additional liquidity.

Why does it seem all the kids here are threatened by intellectual discourse?

I think to a point it doesn't matter,  I view crypto currencies as the next/new stores of value for the digital age.   Sure we will still have NYSE, Nike and Komatsu however.  For the younger generations I suspect a digital asset of mathematical rarity will make as much sense as a company that makes shoes fairly well.    Or more specifically I don't think a coin has to be widely traded to be of use.   I think MINT could be a purely speculative investment that might really pay off regardless of if it finds much Utility.

The world seems hungry for Crypto,  who knows what is going to happen next.

[brokedummy]

p2pool anyone?
i find that im not getting as much coins as I should on the bigger pools.

Probably because you are expecting the max reward on every block found for some reason. The reward for some blocks can be very small and much closer to one than the max block reward.

[brokedummy]

The world seems hungry for Crypto,  who knows what is going to happen next.

Probably FederalReserveCoin, the only legal crypto! Now with more centralized inflation!

[matoy]

This coin really has potential, been mining some and bought at different levels.

My only concern, is the premine.  Is the dev going to be transparent about what they are doing with it?  700MM is a LOT of coins.  As a community we should hold them accountable.

Look what happened to EAC, 270MM premined, everyone said no big deal, same script you hear with all premined coins. premine for bounties, giveaways, development, support and maintenance, new feature developments etc.

What bounties have been paid already?

What bounties are still outstanding?

How much has been given away already?

How much are allocated for future giveaways?

What new features/developments do you plan to implement?

I think a good percent of those coins should go into establishing a MintCoin Foundation.
Really let outsiders know this is a serious coin looking long-term.

thoughts?

I'm pretty sure the EAC premine has not really been touched,  You can go back a couple hundred pages and find the address where it is stored.     It is a concern though I agree, the community needs to know the coins will be spent well.

+1 for transparency.

[Alty]

I just fixed the countdown on www.mintcoin.cc

Even less time till the block reward goes to 1.

Panic buy

[matoy]

-> Come on to http://mnt.coins4everyone.com!

To get plenty of fresh MintCoins, just point your miners to:
Stratum: stratum+tcp://mnt.coins4everyone.com
Port: 3445
Algorithm: scrypt
Username: Weblogin.Worker
Password: Worker Password
and then relax... We take care of the rest!

Benefits of Mining @ coins4everyone.com:
* based in Europe
* incredible uptime
* dedicated servers w/redundancy, DDoS protection
* only 1% fee
* pplns
* nice & caring support
* trustworthy & skilled admins

Come on, we need more hash power, point your miners to http://mnt.coins4everyone.com and let’s spread hashrate! ;-)

[ahhmenuts]

I think to a point it doesn't matter,  I view crypto currencies as the next/new stores of value for the digital age.   Sure we will still have NYSE, Nike and Komatsu however.  For the younger generations I suspect a digital asset of mathematical rarity will make as much sense as a company that makes shoes fairly well.    Or more specifically I don't think a coin has to be widely traded to be of use.   I think MINT could be a purely speculative investment that might really pay off regardless of if it finds much Utility.

The world seems hungry for Crypto,  who knows what is going to happen next.

I think utility might not be entirely pertinent at least as a means for speculative adjustment. A few of the major coins with utility will start to become indispensable. Although admittedly with the wrong adjustment we can still see hyper inflation (regardless of being a capped coin supply or not) in the same way we have external risk factors influence financial crisis.

It seems to me that the younger generation is clutching onto things like crypto as many struggle to make serious financial gains through traditional means. I wouldn't explicitly refer to any crypto in the same way as I'd see public companies because production and service value are major factors in their market valuation. They're not entirely speculative, it's not a chicken and egg scenario. Their production value signals market adjustment. Rather than arbitrary 'out of thin air' adjustment.

Crypto like Mint is more in line with gold/silver/art/diamond/ruby holdings, where crypto like BTC/Doge are seemingly set to be more in line with USD/Euro/etc currencies that are dependent on their utility. ie the amount of produced goods or services that their 'money' (crypto) can buy. In a lot of ways Mint is a little more sincere than a lot of commodities where we have a difference between 'perceived' and 'actual' supply that is itself manipulated a great deal. But it's also a little naive to think that because we're here right now we will benefit most from the next financial instrument. What's to stop the next kid deciding they didn't get their fair share, so they want a large chunk of the crypto market by creating their own coin? Not a lot at the moment. The barriers to entry are tiny. As a matter of fact, it's exceedingly easy to start a new coin. There needs to be differentiation, and something involving more than a nice green tinge that determines value.

I'm interested to see what happens to the entry requirements of crypto over the long term, and the adoption of new crypto. If you consider we currently have less than 100 cryptos that make any sort of long term sense, will we see another 100 over the next year? Or will we see more like 2,000 additions over the next year? The reason real world (natural) commodities serve as a valid indicator for 'wealth' is that there aren't any new ones to be found. Other artificial commodities like art are entirely speculative, new artificial (and limited) commodities come up on a regular basis, but it takes skill/talent (and a lot of luck) to become the next Picasso.

[Alakazam2000]

A few BTC walls and then we will touch the stars!

[coolbeans94]

were can i check out the value what mint coin is worth at the moment as im confused to the way it values seem diffrent to btc/ltc? any one have site to share thanks

https://www.mintpal.com/market/MINT/BTC

[bitbd83]

i think think mintcoin will be skyrocket soon.

[bitbd83]

again DDoS on mintpal.com>>>>>>?

[svojoe]

I think to a point it doesn't matter,  I view crypto currencies as the next/new stores of value for the digital age.   Sure we will still have NYSE, Nike and Komatsu however.  For the younger generations I suspect a digital asset of mathematical rarity will make as much sense as a company that makes shoes fairly well.    Or more specifically I don't think a coin has to be widely traded to be of use.   I think MINT could be a purely speculative investment that might really pay off regardless of if it finds much Utility.

The world seems hungry for Crypto,  who knows what is going to happen next.

I think utility might not be entirely pertinent at least as a means for speculative adjustment. A few of the major coins with utility will start to become indispensable. Although admittedly with the wrong adjustment we can still see hyper inflation (regardless of being a capped coin supply or not) in the same way we have external risk factors influence financial crisis.

It seems to me that the younger generation is clutching onto things like crypto as many struggle to make serious financial gains through traditional means. I wouldn't explicitly refer to any crypto in the same way as I'd see public companies because production and service value are major factors in their market valuation. They're not entirely speculative, it's not a chicken and egg scenario. Their production value signals market adjustment. Rather than arbitrary 'out of thin air' adjustment.

Crypto like Mint is more in line with gold/silver/art/diamond/ruby holdings, where crypto like BTC/Doge are seemingly set to be more in line with USD/Euro/etc currencies that are dependent on their utility. ie the amount of produced goods or services that their 'money' (crypto) can buy. In a lot of ways Mint is a little more sincere than a lot of commodities where we have a difference between 'perceived' and 'actual' supply that is itself manipulated a great deal. But it's also a little naive to think that because we're here right now we will benefit most from the next financial instrument. What's to stop the next kid deciding they didn't get their fair share, so they want a large chunk of the crypto market by creating their own coin? Not a lot at the moment. The barriers to entry are tiny. As a matter of fact, it's exceedingly easy to start a new coin. There needs to be differentiation, and something involving more than a nice green tinge that determines value.

I'm interested to see what happens to the entry requirements of crypto over the long term, and the adoption of new crypto. If you consider we currently have less than 100 cryptos that make any sort of long term sense, will we see another 100 over the next year? Or will we see more like 2,000 additions over the next year? The reason real world (natural) commodities serve as a valid indicator for 'wealth' is that there aren't any new ones to be found. Other artificial commodities like art are entirely speculative, new artificial (and limited) commodities come up on a regular basis, but it takes skill/talent (and a lot of luck) to become the next Picasso.

I think this is the best ending phrase anyone has ever responded to me with! ha!

I basically totally agree with you.   I may differ a bit in how much 'value' I think the new kids really place on what the old guard considered work.  I am even guilty of this.  For example, I am buying a new laptop.  I am buying it refurbished, for a amazing price.  I bought a SSD drive and and more ram for it too so, it will be quite the sweet machine for little more than a third of what it should cost.    Now I am entirely aware that it probably cost 2 billion dollars to build that chip-fabrication facility.  And even more amazingly that the technology in every bit of my soon to be delivered laptop is built upon 20+ years of insanely aggressive innovation layer after layer.

That being said, I hardly give it a second thought!  Access to these types of goods and services has been completely stable since I was young and my dad bought a 8086 PC home.   I would never consider investing in Samsung, or DELL stock.  I've traded before and managed my own retirement funds but its still a bit of a pain in the ass to do it.   And even though I am cynical about everything and not one of these younger guys I am a hundred times more excited about MINT coin than I am any traditional investment methods.  I don't even like fiat.  I can't seem to take a little profit out of crypto even when I need it.  Instead I find MINT, or something else.   I sense a strong possibility that the next generation that is just at the cusp of this world may just skip the whole fiat-phase altogether.   Getting cash to them will be this annoying process like getting a money order is to me.  They won't have a clue nor care that some huge factory is pumping out ipad10's and can be publically traded.  

Even your point about them maybe starting to flock to crypto because they are having difficulties with traditional means.   That is basically exactly it.  'This' is starting to make more sense than 'That'.   Crazy I know.  

[coolbeans94]

Where is the incentive for people to use their MintCoin for trade? It looks like anyone who sells MintCoin will be forgoing a 20% annual interest rate in the first year on that money??

Is it some sort of obligation to assume someone who asks valid questions not here to see crypto like this succeed? I'm trying to understand how others see it working in commerce, that's what's important for the adoption of a particular coin. I have three degrees. Two are masters in international business, and applied finance. I would like to encourage people who can discuss this at the appropriate level to add their views. I'm in for 12M MintCoin currently, I'm not swayed by short term gains I have no need for additional liquidity.

Why does it seem all the kids here are threatened by intellectual discourse?

The incentive to sell comes naturally, rather than forced. Think about it. If the coin holds value & or the value goes up, then at some point you will have enough wealth to be able to spend some of it on things you want/need to buy. You don't spend your way to wealth you save your way to wealth.

[Kergekoin]

I made a simple worksheet document to calculate how your balance would grow over 4 year period, if you keep your coins. (1M sample on screenshot)



XLSX Download link:

mega.co.nz/#!gswQjRBS!qXalz55k10GH-EkZcgYhLmwwceBo6bWhi0tdJOqOmHI

(You need worksheet capable program to open this document)

[Nullu]

were can i check out the value what mint coin is worth at the moment as im confused to the way it values seem diffrent to btc/ltc? any one have site to share thanks

https://www.mintpal.com/market/MINT/BTC

Interesting. I expected the value to dip a little lower, but if it maintains around this the price after the next halving should be higher than the last peak.

[dille71]

Wallet 1.4 for Windows available.

-Fixes the Getbalance issue.
-Overview tab displays 6 last transactions

http://www.mediafire.com/download/a20m4137wh7f2w4/MintCoin14.zip
Mirror: https://mega.co.nz/#!5RRzwCIQ!WYixiCwkv99OIGWYR7_2aTftkwJgK7BHm9T8CrhnEsg

Great news to see the devs are active!

[majorminers]

were can i check out the value what mint coin is worth at the moment as im confused to the way it values seem diffrent to btc/ltc? any one have site to share thanks

https://www.mintpal.com/market/MINT/BTC

Interesting. I expected the value to dip a little lower, but if it maintains around this the price after the next halving should be higher than the last peak.

Higher highs and higher lows. Nice trends, really