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

[SackofBits]

Hello there MintCoin community. What a ride the last 24 hours have been! We are all feeling pumped aren't we?

I just sold all my MintCoin today, there has been so much volume come through driving up this price the last 24hrs (420+ Bitcoins or $240,000 cash money) that it is simply unsustainable. A quarter million dollars of mostly buys is certainly likely done by a big player or syndicate. If it is a true long-term investor, he will not keep buying this way as he knows he has inflated his buy price to obtain such a huge amount of coins. If it is a 'pump-n-dump' scam group like Wolong that the crypto-lemmings are so fond of, well, then things could get pretty ugly.

Exactly the same thing happened with Vertcoin when it was around the same market cap (1 million dollars). It then exploded up to $7 million dollars market cap in 3 days when it was added to more exchanges. This coin also has the added advantage of sharply decreasingly block rewards which will limit miners dumping each week plus it will promote the belief that the price will rise as the coin becomes rarer.

I've been in this community a long time. I know a snowballing coin when I see one.

You clearly don't. With the rapidly decreasing reward, the value of early mined coins will become extremely valuable in comparison to when they were first mined. Meaning this coin is very prone to pump n' dumps which is precisely what's happening right now.

Up 250% now since my post there in bold.

Just posting this so people know who you should listen to around here.

whats next?

[ItchyIrish]

So I read that if you encrypt your wallet it can't mint coins. So what are you guys doing? Obviously it can't sync if you have an offline wallet, so should I just create a backup that's encrypted and the one on my comp keep encrypted and unsecure it once in awhile to sync up so coins get minted after 20 days? Little confused on that whole thing. I don't want to leave the wallet unsecure for long periods of time.

I see this on the website below: But that doesn't mean much, how long do I have to have it sync to get minting? Also my wallent is encrypted, how do I unlock it using that below? Prepare for a lot more like me wondering about this.
what does that mean in the wallet : Minting suspended due to locked wallet? This says you can not do mining due to wallet encrypted. you need to unlock the wallet in order to mine (for example for PoS blocks): mintcoin-qt -server mintcoind walletpassphrase <passphrase> <unlock_duration_in_seconds> true

So also, how do I unlock my wallet? I don't really get that part above.

Thanks.

[flounderella]

Keep going Mint. 

Mintcoin/Bitcoin

Last Price:
0.00000030
 
24 Hour High:
0.00000033
 
24 Hour Low:
0.00000014
 
Trade Volume:
521.538 BTC

WTF. What's happening with the price. I was actually hoping for a slow consistent price increase, not these massive jumps which bring in droves of speculators

[futile-resistance]

So I read that if you encrypt your wallet it can't mint coins. So what are you guys doing? Obviously it can't sync if you have an offline wallet, so should I just create a backup that's encrypted and the one on my comp keep encrypted and unsecure it once in awhile to sync up so coins get minted after 20 days? Little confused on that whole thing. I don't want to leave the wallet unsecure for long periods of time.

I see this on the website below: But that doesn't mean much, how long do I have to have it sync to get minting? Also my wallent is encrypted, how do I unlock it using that below? Prepare for a lot more like me wondering about this.
what does that mean in the wallet : Minting suspended due to locked wallet? This says you can not do mining due to wallet encrypted. you need to unlock the wallet in order to mine (for example for PoS blocks): mintcoin-qt -server mintcoind walletpassphrase <passphrase> <unlock_duration_in_seconds> true

So also, how do I unlock my wallet? I don't really get that part above.

Thanks.

Go to the console and type "walletpassphrase <passphrase> 999999999999" to unlock the wallet for minting only (the 9s are the time in seconds to unlock). You still need to type your password to send.

[futile-resistance]

Keep going Mint. 

Mintcoin/Bitcoin

Last Price:
0.00000030
 
24 Hour High:
0.00000033
 
24 Hour Low:
0.00000014
 
Trade Volume:
521.538 BTC

WTF. What's happening with the price. I was actually hoping for a slow consistent price increase, not these massive jumps which bring in droves of speculators

Was hoping for slow and steady growth as well, bought in at 4 just a few days ago.

[serejandmyself]

sorry but i still dont understand why my wallet is out of sync

[ScroogeD]

Keep going Mint. 

Mintcoin/Bitcoin

Last Price:
0.00000030
 
24 Hour High:
0.00000033
 
24 Hour Low:
0.00000014
 
Trade Volume:
521.538 BTC

WTF. What's happening with the price. I was actually hoping for a slow consistent price increase, not these massive jumps which bring in droves of speculators

Was hoping for slow and steady growth as well, bought in at 4 just a few days ago.

It's a coin halving each week and stopping the block reward after 5th week. There's no slow in this

[drippx]

I couldnt take it anymore and sold at 32 , i hope i can buy again

[flounderella]

Keep going Mint. 

Mintcoin/Bitcoin

Last Price:
0.00000030
 
24 Hour High:
0.00000033
 
24 Hour Low:
0.00000014
 
Trade Volume:
521.538 BTC

WTF. What's happening with the price. I was actually hoping for a slow consistent price increase, not these massive jumps which bring in droves of speculators

Was hoping for slow and steady growth as well, bought in at 4 just a few days ago.

It's a coin halving each week and stopping the block reward after 5th week. There's no slow in this

True that. My only concern is that as price rises, expectations rise as well for the developers and what services need to be build. All that work takes time and so we could be in for a bumpy ride when all the speculators exit the doors. Not really doing much here other than wait and see for now.

[MysticDOGE]

I couldnt take it anymore and sold at 32 , i hope i can buy again

Yes you can. At 40

[jany8293]

Keep going Mint. 

Mintcoin/Bitcoin

Last Price:
0.00000030
 
24 Hour High:
0.00000033
 
24 Hour Low:
0.00000014
 
Trade Volume:
521.538 BTC

WTF. What's happening with the price. I was actually hoping for a slow consistent price increase, not these massive jumps which bring in droves of speculators

Was hoping for slow and steady growth as well, bought in at 4 just a few days ago.

It's a coin halving each week and stopping the block reward after 5th week. There's no slow in this

True that. My only concern is that as price rises, expectations rise as well for the developers and what services need to be build. All that work takes time and so we could be in for a bumpy ride when all the speculators exit the doors. Not really doing much here other than wait and see for now.

Agreed!

[danetti]

I couldnt take it anymore and sold at 32 , i hope i can buy again

Yes you can. At 40

lol

seriously this is gonna be a repeat of doge if i dont buy in soon

[mgburks77]

waiting for confirmation for my deposit as I watch the price climb is pretty frustrating

 

[navarthelol]

damn i sold 35% of my coins at 05

You did the complete right thing

[kudrya]

Its scared. Someone pump MINT realy hard. Thats mean soon will be huuuge dump

[martins]

this coin is meant to hold like NxT?

[note235]

so what does minting do?
its like interest am I correct?

[martins]

im buying it right now! yes sell to me...

[mgburks77]

this coin is meant to hold like NxT?

Yes, but with better distribution for holders of small amounts. You have to own at least 100K minimum for good forging results with NXT.

[mgburks77]

so what does minting do?
its like interest am I correct?

That's my understanding. 20% annually for the first year.