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

[landslide]

Vault of Satoshi has just announced that Mintcoin will be added in April along with some other coins.

They are also going to be adding coin to coin trading to eliminate the going through BTC step...this is all great news

This is very good news indeed. I wish VoS still operated in the USA :/

Adam from VoS has told me they are actively working on getting back to the USA market, it will just take some time.

Hope will be soon

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[paspi]

Someone else mentioned this bug last week, and I've been chasing it since. Completed fixing it today, submitted a patch to devs just a couple of hours ago. Probably it'll be included in the next release.

edit: I thought I should give more information. Balance displayed on UI was correct. Balance displayed when calling "getbalance" by itself was correct. The commands "getbalance *", "getbalance ""   ", "getbalance accountname", "listaccounts" had some problems, their outputs were inconsistent with each other and UI's shown balance. The inconsistencies occured only on minted transactions

I might have found a bug (I am trying to find out why seemingly only one small part of my coins are used for minting. That's when I found this.)


When I go into the console, and type

listaccounts  or
getbalance "accountname"

then the balances I get are not the balances
but some other number.


Example: Look at this address
http://mintcoin-explorer.info/address/MfAs6pvNE1NWj9ddyaikW4gsDxsexBF3Vp

listaccounts  or
getbalance "accountname"

does not show  1440.394655
 but instead it says 1424.418765

- WHICH WAS THE BALANCE, BUT ONE MONTH AGO!

Some of my other addresses show similiar behaviour, in general, the shown balance is too high.


This address was successfully used for minting once:
http://mintcoin-explorer.info/tx/d590229e77acccb24270cf65e7acb261fde00ea280483971c8891fe24e3339c6

(Please quote/PM me when you answer, so that I can use search. I can impossibly read this whole forum noise.)

[moderndezigns]

Bump to this letter I wrote to get more businesses involved:

https://bitcointalk.org/index.php?topic=450381.msg5857852#msg5857852

Feel free to use this letter and print it off and send it off to businesses in your area. Modify it as you see fit.

You may wish to tweak it a bit and send it off to charities and non-profits (NGOs, activists, etc.). They seem really responsive to new methods of receiving payment. Ask them to add "Mintcoin Accepted" to their charity homepage. Tell them you'd be the first to make a donation and link their page here so that the community will donate as well via Mintcoin.

http://i59.tinypic.com/wcdefm.png



moderndezigns

Crindon thank you for working on the letter I appreciate it!

[Crindon]

Bump to this letter I wrote to get more businesses involved:

https://bitcointalk.org/index.php?topic=450381.msg5857852#msg5857852

Feel free to use this letter and print it off and send it off to businesses in your area. Modify it as you see fit.

You may wish to tweak it a bit and send it off to charities and non-profits (NGOs, activists, etc.). They seem really responsive to new methods of receiving payment. Ask them to add "Mintcoin Accepted" to their charity homepage. Tell them you'd be the first to make a donation and link their page here so that the community will donate as well via Mintcoin.





moderndezigns

Crindon thank you for working on the letter I appreciate it!

You're welcome, glad to help out.

[Crindon]

Re: Charities and More Advertising for Mintcoin (getting the word out and enhancing distribution)


I think we should all contact charities and non-profits and some political parties we trust as well and ask them to accept Mintcoin. This will help their causes and as a side effect, those who frequent the websites of those charities will see Mintcoin Accepted. This serves as free advertising and awareness. It also adds further credibility to Mintcoins because legitimate charities accept Mintcoins. It is a synergistic relationship. We scratch their backs, and they scratch ours and tell us we are beautiful people.

[coolbeans94]

Hey guys, why should I prefer Mintcoin over Blackcoin? Any ideas? What is the difference?

Considering Blackcoin's rise ... I think Mintcoin is much more undervalued right now.

That & it pays 20% interest vs. 1% interest of Blackcoin...

Blackcoin seems to be exploding, but most of it is psychological. If you were to double Mintcoin's current price we would be at 32 satoshi, and have a higher market cap than BC has at the moment. A 16 satoshi move could happen in minutes when you consider the true value of Mint.

-20% interest for people who buy now. That's 200k extra coins if you buy 1 million.
-multipools that pay out in mint coming online
-android wallet soon
-Environmental fund established
-Added to Vault of Satoshi
-First coin to go from proof of work to proof of stake

I know there is more, but I'm tired at the moment.  

-Mintcoin is a better name
-Mintcoin had a better PoW distribution and currently has at least 3x-6x bigger community (based on reddit subscribers 800/250 and facebook 1000/155)
-Better security as Mintcoin is still a hybrid PoW/PoS for which enhances the security of the network.

Overall, imo, Blackcoin looks very highly manipulated to me, price isn't everything, and it could be that it is wolong or 1-2 persons that own like 50% of the coins and is trading with himself to artificially inflate the trading volume and prices. Why would BC have a higher market cap than mintcoin with 3x-6x smaller community? Smells of pump manipulation to me.

[moderndezigns]

I agree it's an ongoing pump n dump with the top holder/s getting a larger market share with each dump and buyback

[stormia]

Hey guys, why should I prefer Mintcoin over Blackcoin? Any ideas? What is the difference?

Considering Blackcoin's rise ... I think Mintcoin is much more undervalued right now.

That & it pays 20% interest vs. 1% interest of Blackcoin...

Blackcoin seems to be exploding, but most of it is psychological. If you were to double Mintcoin's current price we would be at 32 satoshi, and have a higher market cap than BC has at the moment. A 16 satoshi move could happen in minutes when you consider the true value of Mint.

-20% interest for people who buy now. That's 200k extra coins if you buy 1 million.
-multipools that pay out in mint coming online
-android wallet soon
-Environmental fund established
-Added to Vault of Satoshi
-First coin to go from proof of work to proof of stake

I know there is more, but I'm tired at the moment.  

-Mintcoin is a better name
-Mintcoin had a better PoW distribution and currently has at least 3x-6x bigger community (based on reddit subscribers 800/250 and facebook 1000/155)
-Better security as Mintcoin is still a hybrid PoW/PoS for which enhances the security of the network.

Overall, imo, Blackcoin looks very highly manipulated to me, price isn't everything, and it could be that it is wolong or 1-2 persons that own like 50% of the coins and is trading with himself to artificially inflate the trading volume and prices. Why would BC have a higher market cap than mintcoin with 3x-6x smaller community? Smells of pump manipulation to me.

Yup, and don't forget that Mintcoin already has much, much more infrastructure in place. See sig, I am a MINT and BC supporter but I think MINT has more potential in the long run. BC excites but also scares me... I'm having a hard time believing its current price is organic, and I still don't understand how it protects against attack forks as a pure PoS system (somebody plz explain if they can).

[Crindon]

Hey guys, why should I prefer Mintcoin over Blackcoin? Any ideas? What is the difference?

Considering Blackcoin's rise ... I think Mintcoin is much more undervalued right now.

That & it pays 20% interest vs. 1% interest of Blackcoin...

Blackcoin seems to be exploding, but most of it is psychological. If you were to double Mintcoin's current price we would be at 32 satoshi, and have a higher market cap than BC has at the moment. A 16 satoshi move could happen in minutes when you consider the true value of Mint.

-20% interest for people who buy now. That's 200k extra coins if you buy 1 million.
-multipools that pay out in mint coming online
-android wallet soon
-Environmental fund established
-Added to Vault of Satoshi
-First coin to go from proof of work to proof of stake

I know there is more, but I'm tired at the moment.  

-Mintcoin is a better name
-Mintcoin had a better PoW distribution and currently has at least 3x-6x bigger community (based on reddit subscribers 800/250 and facebook 1000/155)
-Better security as Mintcoin is still a hybrid PoW/PoS for which enhances the security of the network.

Overall, imo, Blackcoin looks very highly manipulated to me, price isn't everything, and it could be that it is wolong or 1-2 persons that own like 50% of the coins and is trading with himself to artificially inflate the trading volume and prices. Why would BC have a higher market cap than mintcoin with 3x-6x smaller community? Smells of pump manipulation to me.

Yup, and don't forget that Mintcoin already has much, much more infrastructure in place. See sig, I am a MINT and BC supporter but I think MINT has more potential in the long run. BC excites but also scares me... I'm having a hard time believing its current price is organic, and I still don't understand how it protects against attack forks as a pure PoS system (somebody plz explain if they can).

Your radar is correct. Wolong has his greasy fingers all over it. It was Wolong's dev afterall.

[deadmanwalking]

I don't understand BC at all. People are effectively buying into a finite supply. 1% a year growth won't effect the market at all, so really all coins are already in circulation. So what's the point? What's special about the coin?

How is it different from nxt? I think people have the mistaken impression that they will see new coins in their wallet. If you buy 1000 coins and hold them for a year you'll gain 10 blackcoins. 10.

Contrast that with mint where 1000 will give you 200. Seeing more than 10 coins every 20 days.

[Beaverslayer]

Here's a link to a PDF I made that helps explain the minting process of Mintcoin.

https://www.dropbox.com/s/h6nu7aa3rmg56hv/Minting%20Instructions.pdf

[Ferris419]

I don't understand BC at all. People are effectively buying into a finite supply. 1% a year growth won't effect the market at all, so really all coins are already in circulation. So what's the point? What's special about the coin?

How is it different from nxt? I think people have the mistaken impression that they will see new coins in their wallet. If you buy 1000 coins and hold them for a year you'll gain 10 blackcoins. 10.

Contrast that with mint where 1000 will give you 200. Seeing more than 10 coins every 20 days.

People see the artificial price is what they see.

[moderndezigns]

I don't understand BC at all. People are effectively buying into a finite supply. 1% a year growth won't effect the market at all, so really all coins are already in circulation. So what's the point? What's special about the coin?

How is it different from nxt? I think people have the mistaken impression that they will see new coins in their wallet. If you buy 1000 coins and hold them for a year you'll gain 10 blackcoins. 10.

Contrast that with mint where 1000 will give you 200. Seeing more than 10 coins every 20 days.

People see the artificial price is what they see.

Yup nothing but good old fashion market manipulation..

[Crindon]

It's this guy:

[Beaverslayer]

It's this guy:

I wait patiently for the day that Blackcoin comes crashing down and people are left looking and wondering WTF just happened...

[deadmanwalking]

As soon as the small guys can't afford to buy any more BC the whales will exit the market, crashing the price and leave everyone holding the bag.

Mint has already shown it has holders who won't sell, having never fallen below 10 sat. These people know they can hold the coin and continue to make money. They know future buyers will feel the same. This allows Mint to weather storms of sideways trading without tanking.

Can the same be said for BC? I don't think so, I guess time will tell.

I don't know about this wolong business, though it's funny I guess.

Has anybody besides me made the connection of "woo" Long" - as in- I'm going to woo long investors into buying my crap coin.

[Vann]

Overall, imo, Blackcoin looks very highly manipulated to me, price isn't everything, and it could be that it is wolong or 1-2 persons that own like 50% of the coins and is trading with himself to artificially inflate the trading volume and prices. Why would BC have a higher market cap than mintcoin with 3x-6x smaller community? Smells of pump manipulation to me.

I think the higher BC marketcap shows more affulent speculators are vested in large holdings BC compared to MINT. The 5-week PoW stage vs 1-week for BC ensured far better distribution, as did MINT's lower price of entry. It's sort of like 50% of the entire wealth of the US is held by 1% of the population. I think the 20% stake of MINT is also viewed as inflation of an already far greater supply of currency.

[mgburks77]

I plan to provide an update on the status of the Android wallet weekly until such time as the bounty is removed.  I've completed all of the cosmetic and translation work in the wallet.  I've begun work in the mintcoinj library.  As thisisit mentioned, this portion is slow going but progress is being made.  I have made the code changes to allow outgoing peer connections on the main mintcoin network.  Currently I'm working through some protocol & deserialization exceptions attempting to download the blockchain.  Any updates to the mintcoin wiki in the form of protocol specifications and testnet configurations (if any) would be greatly appreciated.  Keep checking the URL of my original post for updated screenshots.

Oh wow. That's great news! From what I understand this is fairly substantial technical undertaking. I applaud your efforts! 

[deadmanwalking]

Overall, imo, Blackcoin looks very highly manipulated to me, price isn't everything, and it could be that it is wolong or 1-2 persons that own like 50% of the coins and is trading with himself to artificially inflate the trading volume and prices. Why would BC have a higher market cap than mintcoin with 3x-6x smaller community? Smells of pump manipulation to me.

I think the higher BC marketcap shows more affulent speculators are vested in large holdings BC compared to MINT. The 5-week PoW stage vs 1-week for BC ensured far better distribution, as did MINT's lower price of entry. It's sort of like 50% of the entire wealth of the US is held by 1% of the population. I think the 20% stake of MINT is also viewed as inflation of an already far greater supply of currency.

All coins are already in circulation though. It's like saying, "hey we're done! Come buy our coin, it's better than bitcoin!"

It's just funny to me, lol, I mean literally funny.

[mgburks77]

Here's a link to a PDF I made that helps explain the minting process of Mintcoin.

https://www.dropbox.com/s/h6nu7aa3rmg56hv/Minting%20Instructions.pdf

That's pretty good. Thanks for for making that!