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Author Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]  (Read 1337151 times)
okaynow
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May 12, 2014, 11:03:10 PM
 #14541

Hey fellow Mintcoiner's,

The @FreeMintCoin Reserve account has now minted 90952.91123 MINT on top of the 2 Million holding.

I'm considering loading the first 50 accounts created at https://mywl.lt - if / when we can get Mintcoin up voted onto this online wallet service. Each newly registered user would receive 2000 MINT (in this 1st round of 50 accounts).

See: https://mywl.lt/voting to start voting and/or to create your own account.

I'll make an announcement via the Mintcoin Forum - http://www.mintcointalk.com/ and post details in a new topic.

...

Online web wallets are perhaps an odd type of service for crypto-currencies and for Mintcoin in particular, but forum member everybodyclapyohands has built a useful and secure service here and this site is as trustworthy as any. It makes for a unique method of distribution at least.

As an early Digitalcoin and Securecoin supporter, the option for another combined merchant service including Mintcoin, could be very useful. 

See: https://bitcointalk.org/index.php?topic=577248.0

There are only 400+ votes that are keeping Mint on the second place as of now, Mint can do this!
•   Unregistered users may vote 1 time every 12 hours
•   Registered users may vote 5 times every 12 hours. Registration is free.

1PeecNu1J8VNKpgR13nasMZWLcMZrwNJfc
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May 13, 2014, 01:03:16 AM
 #14542

Come on... let's get active here people! There is selling going on @ 9! What the heck?! We need more activity, and more enthusiasm!!

Weak hands are weak.

Everybody buy while they're cheap!
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May 13, 2014, 01:47:12 AM
 #14543

Come on... let's get active here people! There is selling going on @ 9! What the heck?! We need more activity, and more enthusiasm!!

Weak hands are weak.

Everybody buy while they're cheap!

There is heavy price manipulation towards the downtrend on both Mintpal and Cryptsy. Basically, people with money are doing what they can to gain ownership of a large percentage of Mintcoins by suppressing the price beyond the limits of the current buy support. They can also profit while doing this.

Example. I start with 30 BTC.

I find a coin that has a stable price and currently needs low volume buy support.

1. Buy 10 BTC worth of Mintcoin at the lowest available price.

2. Place a series of small buy walls 1-3 BTC each leading up to current price. (example: 3 BTC buy order at 10 satoshi, 1.5 BTC buy order at 9 satoshi, 1 BTC buy order at 8 satoshi...)

3. Place several 5 BTC sell walls up with the MINT you bought. (Example continuing from above: I would put two sell orders of Mintcoins worth 5BTC for each sell order. I would place them at 12 and 11 Sats.)

This will cause impatient people to want to jump over your 5 BTC sell walls so they can just get rid of their coins and not wait for buyers to eat through the sell walls. So they sell to the whale at 10 Satoshis. The whale then takes his new Mintcoin, and puts them up at 11 satoshis. He then waits for buyers to eat into the coins he just flipped, and uses profits to pad his buy orders at a lower satoshi price. This way, as long as more people are selling than buying, he constantly gets a fresh supply of mint to keep the sell walls up so that buyers never eat through them.

In the above scenario, since there is less buy support than sell pressure, the coin price slowly goes down. The whale then moves all his buy orders down to the next satoshi and repeats the process.

The only way to combat this is to create enough buy support to overcome sell pressure. That will happen through development milestones (android wallet, Mintcoin fund adverts, etc.), word of mouth/natural increased awareness, marketing efforts, and as general public and world-wide awareness of crypto currencies increases.

What coins will they buy when they become aware of the usefulness of the coins? The goal is to make sure MINTCOIN has a shot at being a first-draft pick so to speak. Mintcoin has many attractive qualities that could very well make it a viable currency/store of value for any number of countries, causes, etc. I see real potential for mass adoption over time.

One thing is always certain when it comes to selling a product to new customers: you have to sell to their interests, or they will look you over and choose the next product that does. I believe that as long as people keep plugging away at creating awareness, innovating whenever possible, and continuing to foster and further a truly positive, vibrant community that reflects the perceived value of Mintcoin as something other than just another useless crypto-coin, then the coin will succeed. 

I think the android wallet is huge. It is important for all investors that once we have a working app in hand, we spread the news and links far and wide as possible. Also, that would be an excellent time to fill mint faucets and have some give-aways and photoshop contests and such.

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Kleinsw
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May 13, 2014, 02:14:52 AM
 #14544

Looks very interesting, I'm looking forward to seeing how this turns out.
guys,What is the next step in the programme?

CoolCoin:CWMdYY8XFvJmH6zZiSk1Ldmys9jUrfyb6H
deadmanwalking
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May 13, 2014, 06:01:35 AM
 #14545

I've been off the thread for a while, and reading the last few pages I see some despair about the price.  I'm not really worried because I see good buy oppurtunities, but anyway I think I know something that could help boost price.

A working tipbot on reddit.

If any members of the community are up to the task, you would be doing a great service to the community. The current reddit tipbot is run by reddit user talkb1nary, but he doesn't really have time to maintain the thing.(not currently working, don't deposit) He has stated he would hand over the code to a motivated community member. Thanks to anyone who can help.

http://www.reddit.com/r/MintCoin/comments/23ft4y/is_our_tipbot_still_working/

171XPWLy36oDmQfMdnPYWHfQgkfRoYGjHd
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May 13, 2014, 02:42:43 PM
 #14546

When will one mint be precious

Coin Revolution
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May 13, 2014, 02:47:40 PM
 #14547

I've been away for a few days, what is the status of the mobile wallet? Are we close to a release?
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May 13, 2014, 02:50:35 PM
 #14548

I've been off the thread for a while, and reading the last few pages I see some despair about the price.  I'm not really worried because I see good buy oppurtunities, but anyway I think I know something that could help boost price.

A working tipbot on reddit.

If any members of the community are up to the task, you would be doing a great service to the community. The current reddit tipbot is run by reddit user talkb1nary, but he doesn't really have time to maintain the thing.(not currently working, don't deposit) He has stated he would hand over the code to a motivated community member. Thanks to anyone who can help.

http://www.reddit.com/r/MintCoin/comments/23ft4y/is_our_tipbot_still_working/
I didn't know it wasn't working, I dumped some coin in it last night and had planned on tipping a few post on /r/Mintcoin.
I know the payments went through but I ran an +info command, it's only been 10 hrs ago, and I haven't even gotten a reply to that.

If it doesn't work then I'd donate the 100k to a developer that can get it working again.

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May 13, 2014, 03:41:09 PM
 #14549

I've been off the thread for a while, and reading the last few pages I see some despair about the price.  I'm not really worried because I see good buy oppurtunities, but anyway I think I know something that could help boost price.

A working tipbot on reddit.

If any members of the community are up to the task, you would be doing a great service to the community. The current reddit tipbot is run by reddit user talkb1nary, but he doesn't really have time to maintain the thing.(not currently working, don't deposit) He has stated he would hand over the code to a motivated community member. Thanks to anyone who can help.

http://www.reddit.com/r/MintCoin/comments/23ft4y/is_our_tipbot_still_working/
I didn't know it wasn't working, I dumped some coin in it last night and had planned on tipping a few post on /r/Mintcoin.
I know the payments went through but I ran an +info command, it's only been 10 hrs ago, and I haven't even gotten a reply to that.

If it doesn't work then I'd donate the 100k to a developer that can get it working again.



I can donate another 100k to whoever gets it working/maintains it.
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May 13, 2014, 03:59:17 PM
 #14550

One easy way to increase the buy pressure is to use the multipool @ hashco.ws
All miners who want to support mint should use it! it is very profitable at this low price and at the same time you help push the price up

Mintcoin: MsFGc9atNN6DddEsQHiq7MgDieoSLwtmg5
InformationCoin: Je4ZhmQBSd68oZ7CeXWMrWEsyprTXAVFuX
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May 13, 2014, 04:53:15 PM
 #14551

One easy way to increase the buy pressure is to use the multipool @ hashco.ws
All miners who want to support mint should use it! it is very profitable at this low price and at the same time you help push the price up

I think the problem is the reward there isn't too high. I tried it for a few days and I was not getting a hell of a lot of mint for my efforts.
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May 13, 2014, 05:05:24 PM
 #14552

One easy way to increase the buy pressure is to use the multipool @ hashco.ws
All miners who want to support mint should use it! it is very profitable at this low price and at the same time you help push the price up

I think the problem is the reward there isn't too high. I tried it for a few days and I was not getting a hell of a lot of mint for my efforts.
Well, the profitability varies from day to day but very often it is the most profitable on avarage in this list:
http://poolpicker.eu/

Mintcoin: MsFGc9atNN6DddEsQHiq7MgDieoSLwtmg5
InformationCoin: Je4ZhmQBSd68oZ7CeXWMrWEsyprTXAVFuX
skeem
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May 13, 2014, 05:25:23 PM
 #14553

One easy way to increase the buy pressure is to use the multipool @ hashco.ws
All miners who want to support mint should use it! it is very profitable at this low price and at the same time you help push the price up

I think the problem is the reward there isn't too high. I tried it for a few days and I was not getting a hell of a lot of mint for my efforts.
Well, the profitability varies from day to day but very often it is the most profitable on avarage in this list:
http://poolpicker.eu/

In fact, I don't want to mine any PoW coin. Open the mintcoin wallet and then do nothing.

Coin Revolution
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May 13, 2014, 05:33:13 PM
 #14554

One easy way to increase the buy pressure is to use the multipool @ hashco.ws
All miners who want to support mint should use it! it is very profitable at this low price and at the same time you help push the price up

I think the problem is the reward there isn't too high. I tried it for a few days and I was not getting a hell of a lot of mint for my efforts.
Well, the profitability varies from day to day but very often it is the most profitable on avarage in this list:
http://poolpicker.eu/

In fact, I don't want to mine any PoW coin. Open the mintcoin wallet and then do nothing.
Yes, thats the beauty with a properly configured POS-coin like mintcoin!
securing the network and creating new coins just by opening the wallet Smiley
POW-coins will be history soon...

Mintcoin: MsFGc9atNN6DddEsQHiq7MgDieoSLwtmg5
InformationCoin: Je4ZhmQBSd68oZ7CeXWMrWEsyprTXAVFuX
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May 13, 2014, 05:45:24 PM
 #14555

One easy way to increase the buy pressure is to use the multipool @ hashco.ws
All miners who want to support mint should use it! it is very profitable at this low price and at the same time you help push the price up

I think the problem is the reward there isn't too high. I tried it for a few days and I was not getting a hell of a lot of mint for my efforts.
Well, the profitability varies from day to day but very often it is the most profitable on avarage in this list:
http://poolpicker.eu/

In fact, I don't want to mine any PoW coin. Open the mintcoin wallet and then do nothing.
Yes, thats the beauty with a properly configured POS-coin like mintcoin!
securing the network and creating new coins just by opening the wallet Smiley
POW-coins will be history soon...
I just don't want my heart to be bothered by the configuring and managing of the PoW mining.

Coin Revolution
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May 13, 2014, 07:04:31 PM
 #14556

In short term, MINT will not get you much profit. Probably not anything at all.
In long term? Yes it may.
Still waiting for mintcointeam to step up and share info about premine.
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May 13, 2014, 07:47:52 PM
 #14557

There are a few things i feel are working against Mintcoin (and a lot of other alt coins) at the moment :

- Bitcoin has been for some time on a downtrend due to all that stuff happening in China and ofcourse the collapse of Mt Gox, dragging a lot of alt coins on a downward trend with it.
- The total cap on coins is so large with Mintcoin that you have to be realistic and see this as a longterm project and treat it as such.
- The number of altcoins available as of today makes it harder to get attention for this coin (however, Mintcoin staying steady at rank 28 (http://coinmarketcap.com/) is not that bad
   when you think about it).
- All altcoin are basicly still in a startup fase, it will take a few years before the general public will be aware of them and they outgrow the pump and dump schemes.  

Two things i'm looking forward too :

- android app for Mintcoin
- the Mintcoin Fund realisation (this one might bring out a nice green rabbit from a hat labeled Mintcoin)
 
Just my two cents..


qwizzie

edit : about the premine... i dont really care about it, they mention ''1% premine for bounties, giveaways, development, support and maintenance, new feature developments etc'' on the first post.
i understand a large part will go to the forming of the Mintcoin Fund and i really dont need to know all the little details tbh.

Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
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May 13, 2014, 08:27:06 PM
 #14558

I'm not too concerned about the premine either as I think premines are necessary and legit if the devs don't vanish shortly after launch (and this dev has not although he is a bit quiet.)

I would just like to hear more about what is coming in the pipeline for this coin as we definitely need something to jolt some more interest and get the price moving.

I'm not looking to make a fast buck on it and have no intention of selling soon but if prices languish for too long it can create a death spiral as investors and holders who are impatient lose interest. This has happened to many altcoins so we can't just completely ignore it and say "let them leave."
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May 13, 2014, 08:43:55 PM
 #14559

Its not that im too concerned about how much of premine goes where. Im interested about how much premine is already been sold off and how much is left?
Since i am rather big investor in this coin and i have dedicated a lot of hours for compiling wallets for mintcoin, i think i deserve to know more than i know now.
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May 13, 2014, 08:45:58 PM
 #14560

Is there a reason why my wallet wont mint? Since I upgraded to 1.9 I have not seen 1 mint. It is unlocked and I am using the windows wallet. 4/28 was the last time I saw a new stake.

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