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Author Topic: [ANN][MINT] Mintcoin (POS) (5%) - New Wallet v2.0.2 released 3/1/16  (Read 1203175 times)
Jeff Jefferson
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May 27, 2014, 09:06:18 PM
 #14921

why aren't exchanges actually minting? is it included in the protocol?  Shocked

of course centralization will be gained by such a bank but i think there are still a lot of people who will still use their own wallets.

the idea is just a centralized web wallet. no lending or selling financial products. 15-20% interest rate annually is already more than any bank can offer.

Exchanges don't mint because it would create a fractional reserve. If everyone wanted to withdraw at once, they couldn't because coins would be reserved for the minting process. This would cause issues.

it's the only reason? what do you mean by reserved for minting?
in the wallet the coins are available for transaction. except for when they're being staked. but they are not staked for long and then become available for transactions. i don't think that this causes much problems. worst case you get a message "you're coins are being staked right now, wait x min before you can make a transaction". or am i wrong?
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dogechode
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May 28, 2014, 01:22:16 AM
 #14922

Also remember there have been malleability issues with POS coins on exchanges so I think they lock their wallets to explicitly prevent minting.

We need to get the price of mint out of the doldrums ASAP folks...
omahapoker
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May 28, 2014, 01:27:54 AM
 #14923

why is mintcoin down to 5? did i miss something
gusk73
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May 28, 2014, 01:43:05 AM
 #14924

people need to stop selling there POS interest, just hold it for a while 

Yes, if people keep panic selling this coin, its price will fall!
 Smiley

ShareCoin:SQnnTWyWvYXaMEzZ6vX2uT2jPZ1jBG3e5c
gusk73
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May 28, 2014, 01:50:55 AM
 #14925

3 months ago this coin was 40 satoshi now it's almost 4, who knows if it dies or get back to 40.

Now, the market environment by unknown factors. But on the coin market will one day broke out!
 Smiley

ShareCoin:SQnnTWyWvYXaMEzZ6vX2uT2jPZ1jBG3e5c
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May 28, 2014, 02:10:41 AM
 #14926

why is mintcoin down to 5? did i miss something

Don't worry, this is normal,
One day it will come back!
 Smiley

ShareCoin:SYCjFkahGFiiXxVG5EvRh4bhQrtGGJxXWo
ranlo
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May 28, 2014, 02:23:08 AM
 #14927

why aren't exchanges actually minting? is it included in the protocol?  Shocked

of course centralization will be gained by such a bank but i think there are still a lot of people who will still use their own wallets.

the idea is just a centralized web wallet. no lending or selling financial products. 15-20% interest rate annually is already more than any bank can offer.

Exchanges don't mint because it would create a fractional reserve. If everyone wanted to withdraw at once, they couldn't because coins would be reserved for the minting process. This would cause issues.

it's the only reason? what do you mean by reserved for minting?
in the wallet the coins are available for transaction. except for when they're being staked. but they are not staked for long and then become available for transactions. i don't think that this causes much problems. worst case you get a message "you're coins are being staked right now, wait x min before you can make a transaction". or am i wrong?

I'm really not entirely sure. I figured it has to deal with the minting process because why else wouldn't they? It uses negligible CPU usage. The only real alternative I can think of is that they DO mint, but don't pay out those coins to their users.

Unichange.me
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rokkyroad
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May 28, 2014, 02:31:32 AM
 #14928

why is mintcoin down to 5? did i miss something

Don't worry, this is normal,
One day it will come back!
 Smiley

I'm a long time investor and this is not normal. Mint and many other good coins with great communities are dying. Its all about the coin of the day and the quick buck. The merits and real world usage of a coin are no longer valid reasons to buy.

Hype is driving the marketplace now. Mint needs to find an angle like "drksend" or, something else that will create interest. I don't know who the devs are or if they are competent enough to push Mint along with new features.

Mint needs a big announcement soon.

" If you have to spam and shout to justify your existence then you are a shit coin."  TaunSew
ranlo
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May 28, 2014, 02:44:45 AM
 #14929

why is mintcoin down to 5? did i miss something

Don't worry, this is normal,
One day it will come back!
 Smiley

I'm a long time investor and this is not normal. Mint and many other good coins with great communities are dying. Its all about the coin of the day and the quick buck. The merits and real world usage of a coin are no longer valid reasons to buy.

Hype is driving the marketplace now. Mint needs to find an angle like "drksend" or, something else that will create interest. I don't know who the devs are or if they are competent enough to push Mint along with new features.

Mint needs a big announcement soon.

Don't say this or people will get upset with you for not believing in the coin!

(And on a serious note, I've been saying this for many days now and always get blasted because I'm wrong)

Unichange.me
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rokkyroad
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May 28, 2014, 02:47:27 AM
 #14930

why is mintcoin down to 5? did i miss something

Don't worry, this is normal,
One day it will come back!
 Smiley

I'm a long time investor and this is not normal. Mint and many other good coins with great communities are dying. Its all about the coin of the day and the quick buck. The merits and real world usage of a coin are no longer valid reasons to buy.

Hype is driving the marketplace now. Mint needs to find an angle like "drksend" or, something else that will create interest. I don't know who the devs are or if they are competent enough to push Mint along with new features.

Mint needs a big announcement soon.

Don't say this or people will get upset with you for not believing in the coin!

(And on a serious note, I've been saying this for many days now and always get blasted because I'm wrong)

Sometimes the truth hurts.

" If you have to spam and shout to justify your existence then you are a shit coin."  TaunSew
NJRiot
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May 28, 2014, 05:53:32 AM
 #14931

http://altcoinherald.com/whatever-happened-mintcoin/

sidhujag
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May 28, 2014, 06:14:03 AM
 #14932

So much for all those vendors most links are broken lol guess it was the dev who wanted to prop price up to sell his premine.

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ranlo
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May 28, 2014, 06:19:21 AM
 #14933

So much for all those vendors most links are broken lol guess it was the dev who wanted to prop price up to sell his premine.

If the community pulls together they can revive the coin though. Look at GRW (it's still making its way up but it lost its developer and someone else took over recently).

Unichange.me
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Jeff Jefferson
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May 28, 2014, 07:00:22 AM
 #14934

guys the bank idea was received positively on reddit. there are already people promising bounties.

I pledge 300k for such a site. Maybe others are interested too and a big bounty can be organized?! Who also wants to contribute?

http://www.reddit.com/r/MintCoin/comments/26mawr/mintcoin_online_bank_discussion/

maybe a word from more techy guys/dev whether this can be accomplished? or if the protocol is preventing such a thing?
skeem
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May 28, 2014, 09:20:22 AM
 #14935

guys the bank idea was received positively on reddit. there are already people promising bounties.

I pledge 300k for such a site. Maybe others are interested too and a big bounty can be organized?! Who also wants to contribute?

http://www.reddit.com/r/MintCoin/comments/26mawr/mintcoin_online_bank_discussion/

maybe a word from more techy guys/dev whether this can be accomplished? or if the protocol is preventing such a thing?

Why not discuss this on http://www.mintcointalk.com/

Coin Revolution
mgburks77
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May 28, 2014, 12:51:38 PM
 #14936

why aren't exchanges actually minting? is it included in the protocol?  Shocked

of course centralization will be gained by such a bank but i think there are still a lot of people who will still use their own wallets.

the idea is just a centralized web wallet. no lending or selling financial products. 15-20% interest rate annually is already more than any bank can offer.

Exchanges don't mint because it would create a fractional reserve. If everyone wanted to withdraw at once, they couldn't because coins would be reserved for the minting process. This would cause issues.
If you don't know what you are talking about don't reply.

Fractional Reserve banking is when a bank only has to have a fraction of the funds on hand that it is lending. Since an exchange doesn't lend money your claim is ridiculous.

However it is clear that most people aren't ready for cryptos. The point of it is to get away from banks etc, not recreate the mainstream financial system on a small scale.
acceptance2
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May 28, 2014, 12:56:56 PM
 #14937

why aren't exchanges actually minting? is it included in the protocol?  Shocked

of course centralization will be gained by such a bank but i think there are still a lot of people who will still use their own wallets.

the idea is just a centralized web wallet. no lending or selling financial products. 15-20% interest rate annually is already more than any bank can offer.

Exchanges don't mint because it would create a fractional reserve. If everyone wanted to withdraw at once, they couldn't because coins would be reserved for the minting process. This would cause issues.
If you don't know what you are talking don't reply.

Fractional Reserve banking is when a bank only has to have a fraction of the funds on hand that it is lending. Since an exchange doesn't lend money your claim is ridiculous.

However it is clear that most people aren't ready for cryptos. The point of it is to get away from banks etc, not recreate the mainstream financial system on a small scale.

+ 1
paspi
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May 28, 2014, 12:59:04 PM
 #14938

Android wallet update 7:

Yup! There are some remaining issues and rough edges to fix before a release, but the first native POS wallet is now working on an android phone, receiving and sending transactions.

Blockchain:
http://mint.blockx.info/get/address/MkgjPqmUqsYYpy8jS32fxLzSerryFSH3Ta









Android wallet update 6:

Good news!

The following is the first transaction ever received and forwarded by mintcoinj Cheesy


http://mint.blockx.info/get/tx/68fec0ad06a76d1d37de929e14b6ad6d17352b715de4f5bcce648333e9bc4a9c


MINT: MdPQhsGufjm5AXYkHebbnF2A155xDqVfK7
MarSas
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May 28, 2014, 02:14:30 PM
 #14939

Paspi for president!
klabanus
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May 28, 2014, 02:38:14 PM
 #14940

Android wallet update 7:

Yup! There are some remaining issues and rough edges to fix before a release, but the first native POS wallet is now working on an android phone, receiving and sending transactions.

Blockchain:
http://mint.blockx.info/get/address/MkgjPqmUqsYYpy8jS32fxLzSerryFSH3Ta

[screens]

Android wallet update 6:

Good news!

The following is the first transaction ever received and forwarded by mintcoinj Cheesy


http://mint.blockx.info/get/tx/68fec0ad06a76d1d37de929e14b6ad6d17352b715de4f5bcce648333e9bc4a9c


Been off the radar for a while, but this looks very promising paspi !! Cheesy
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