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

[MarSas]

I think MINT should stick to green. What is the colour of mint after all?

[TookDk]

I think the three most important features with MINT are:
1. Environmental advantage (the vast power consumption of bitcoin mining will most likely be an issue one day).
2. Fast confirmation, (not a big issue, but I have often waited more than 1 hour to get 1 confirm in bitcoin transfer, even with paying 0.001 BTC in tx fee).
3. Interest by staking (like having money in a fiat bank, there was a time when you could really get a descent interest by putting your savings in the bank, at least before fiat became worthless).

[acceptance2]

I think the three most important features with MINT are:
1. Environmental advantage (the vast power consumption of bitcoin mining will most likely be an issue one day).
2. Fast confirmation, (not a big issue, but I have often waited more than 1 hour to get 1 confirm in bitcoin transfer, even with paying 0.001 BTC in tx fee).
3. Interest by staking (like having money in a fiat bank, there was a time when you could really get a descent interest by putting your savings in the bank, at least before fiat became worthless).

I think you've summed up the value of Mintcoin perfectly.

[bottlenecks]

Can we think some feature that unique to MINT only? Frankly speaking, all those features u mention aren't only available exclusively on MINT.  Many other coins have those too.  It's quite common nowday. We should somehow become purple cow

[cryptomommy]

I think the three most important features with MINT are:
1. Environmental advantage (the vast power consumption of bitcoin mining will most likely be an issue one day).
2. Fast confirmation, (not a big issue, but I have often waited more than 1 hour to get 1 confirm in bitcoin transfer, even with paying 0.001 BTC in tx fee).
3. Interest by staking (like having money in a fiat bank, there was a time when you could really get a descent interest by putting your savings in the bank, at least before fiat became worthless).

I think you've summed up the value of Mintcoin perfectly.

This is a great conversation and exactly what I was hoping for.

Here are a few additional thoughts to compliment this discussion:

Environmental Advantages: 3
Currently the majority of the people that are aware of the environmental implications of Bitcoin technology are miners.
Through the Mintcoin Fund we can offer something that helps the environment AND offers a tax deduction solution for investors.
This is unique to the coin and would be of even more value if we were to extend NPO filings across the world. Alas this is long-term vision. 

Fast Confirmations 2
This is a huge differential from many other coins; however once again looking mainstream - many people just learning about crypto currency are not aware of how incredibly slow bitcoin transactions are.

Interest by Staking 1
This is something that anyone can see as an advantage. Whether they are currently investing in crypto currencies or not.
I am amazed at how many traders out there that have no idea what exactly PoS is.

If I were to order these in priority based on demand from a real world use perspective I would rate interest - 1, fast confirmations - 2, environment 3.

How would you rate them?

This conversation also leads me into a new topic needed to firm up our marketing and development efforts:
http://www.reddit.com/r/MintCoin/comments/2bldm5/mintcoin_swot_analysis_strengths_weaknesses/

[TookDk]

Can we think some feature that unique to MINT only? Frankly speaking, all those features u mention aren't only available exclusively on MINT.  Many other coins have those too.  It's quite common nowday. We should somehow become purple cow

I like your idea about thinking out of the box, mint cannot survive by saying "but we where one of the first to do this, the other coins are copies".
However, forking MINT right now (in this transition period) is not an option, that would be a dead penalty for MINT (imo).

I honestly think MINT is a good product in the current version.
The focus in the sort term should be to stabilize the coins.
This is done by showing a active community and make "investors" (by this I primary think of day-traders) believe that the coin could rise in value, the volume is way way too low, which has been one of the problem with MINT over the last 4 month (dumping 700m, slowly has certainly not helped either).

The coin is extremely volatile right, a wrong move and the coin could die.  
(I do not think that MINT survive if it goes below 1 satoshi).

In medium to long term should marketing and exposure be the priority.

In the long run, yes, innovation is needed, to differentiate from competitors - I completely agree with you.  

There will be changes in the coin market soon, when the all the powerful scrypt miners gets online, how they will affect MINT is hard to say, my guess is that small hashrate miners will consider staking (PoS) instead keeping up in the scrypt hash race, and hopefully they will chose MINT over the others. But only time will tell.

There is not much time, I believe that hashrate for all the valuable scrypt coins will explode withing 2-4 month.
 

*edit Like cryptomom just pointed out, discussions like this is actually helping the coins, since the community is active and not "dead" (who want to invest in a "dead" coin?)

*edit 2 I totally agree with the what cryptomom has done, with changing the headline of this thread over the last couple of days, also announcing the newsletter, this and bumping the thread, is exactly what is needed in the very short term.

[TookDk]

Here are a few additional thoughts to compliment this discussion:

Environmental Advantages: 3
Currently the majority of the people that are aware of the environmental implications of Bitcoin technology are miners.
Through the Mintcoin Fund we can offer something that helps the environment AND offers a tax deduction solution for investors.
This is unique to the coin and would be of even more value if we were to extend NPO filings across the world. Alas this is long-term vision.  

Fast Confirmations 2
This is a huge differential from many other coins; however once again looking mainstream - many people just learning about crypto currency are not aware of how incredibly slow bitcoin transactions are.

Interest by Staking 1
This is something that anyone can see as an advantage. Whether they are currently investing in crypto currencies or not.
I am amazed at how many traders out there that have no idea what exactly PoS is.

If I were to order these in priority based on demand from a real world use perspective I would rate interest - 1, fast confirmations - 2, environment 3.

How would you rate them?

I would definitely say that Interest by Staking is what can attract new people to MINT on the short time scale (explanations follows).

Fast confirmation is the medium time scale, when merchants starts adopting, fast confirmation is huge advantage.

The environmental becomes important when crypto currency goes mainstream, and we start using our dollar bills as firewood instead of a means of payment.


About the "Interest by Staking", many people start getting interest in crypto currency because of mining. Even today, where bitcoin mining is only for pro's, is there still newbees asking mining questions in the mining section of the forum how to get started - of cause they will never make any profit, but this is how many get introduced.

I think we need to use this to our advantages, the great thing about MINT is that you can MINT your own coins (honestly MINT caught my attention, because you can MINT coins, later I found out that the name symbolized some kinda weird green plant who belongs in a mojitos).

Minting, or staking, PoS, yes, we are talking about the same think. I am an engeneer not a marketing person, but the slogan should be something like:

>>Mint your own coins<<


>>Mine MINT with your labtop<<


>>Use your smartphone to get more coins<<

etc.

Ok, to start minting then will you need MINT, some will buy mint other will need to get there first mints with faucets ect. But mining and staking is FUN - nothing is more giving than seeing your balance grow!

And this is where MINT has a huge edge over the other coins, there is 20% interest on the first year, I believe this is the highest for all the PoS coins (correct me if I am wrong).

The Android wallet fits this strategy perfectly, I NEVER believed that the android wallet magically would make MINT go to the moon, but it is such an important tool, to have to get people interested in MINT, once people start minting on the phone then will they show others, and explain they are making FREE money, and this exactly what could launch the MINT rocket.

Just my 2 satoshi...  
 

[rbizz]

In response to the last post - my initial reaction when I heard the name "Mint" was also to minting coins, not the plant.  Considering one of the major the benefits of this coin is "minting," to me it would make more sense to get away from identifying this coin with the plant "mint," and have the coin's identity more tied with "mint" the banking term.  It would seem more professional imho.

[amdfxman1701]

What do people at Poloniex say?

They said they would forward my transaction info to Tristen . . . . .

[cryptomommy]

So looking at the green slider on the homepage of mintcoin.cc - what would your verbiage be to promote minting, speed and environment to a common person with minimal knowledge of crypto currencies.

It needs to be short sweet and simple.

[deadmanwalking]

So looking at the green slider on the homepage of mintcoin.cc - what would your verbiage be to promote minting, speed and environment to a common person with minimal knowledge of crypto currencies.

It needs to be short sweet and simple.

Ah, you're updating the site!

Mintcoin is the future.

I'll come back later with something creative for the site banner, great to see the thread coming back to life!

[cryptomommy]

Awesome - I cant wait to see what you come up with

[rbizz]

It needs to be short sweet and simple.

Earn more interest

[acceptance2]

2014-07-25 10:27:02   SELL   0.00000003   15000.00000000   0.00044999
2014-07-25 08:31:00   BUY   0.00000004   1820000.00000000   0.07280000
2014-07-25 04:58:53   SELL   0.00000003   4500.00000000   0.00013499
2014-07-25 04:58:42   BUY   0.00000004   2500.00000000   0.00010000
2014-07-25 00:36:56   BUY   0.00000004   289153.49475786   0.01156613
2014-07-24 19:39:59   BUY   0.00000004   349476.01098352   0.01397904
2014-07-24 17:26:21   SELL   0.00000003   5200.00000000   0.00015600

Apparently someone is making an effort to keep it down.

Wonder why : )

[TookDk]

2014-07-25 10:27:02   SELL   0.00000003   15000.00000000   0.00044999
2014-07-25 08:31:00   BUY   0.00000004   1820000.00000000   0.07280000
2014-07-25 04:58:53   SELL   0.00000003   4500.00000000   0.00013499
2014-07-25 04:58:42   BUY   0.00000004   2500.00000000   0.00010000
2014-07-25 00:36:56   BUY   0.00000004   289153.49475786   0.01156613
2014-07-24 19:39:59   BUY   0.00000004   349476.01098352   0.01397904
2014-07-24 17:26:21   SELL   0.00000003   5200.00000000   0.00015600

Apparently someone is making an effort to keep it down.

Wonder why : )

Look at that volume, it is ridiculous low, less than $100 per day.

[cryptomommy]

2014-07-25 10:27:02   SELL   0.00000003   15000.00000000   0.00044999
2014-07-25 08:31:00   BUY   0.00000004   1820000.00000000   0.07280000
2014-07-25 04:58:53   SELL   0.00000003   4500.00000000   0.00013499
2014-07-25 04:58:42   BUY   0.00000004   2500.00000000   0.00010000
2014-07-25 00:36:56   BUY   0.00000004   289153.49475786   0.01156613
2014-07-24 19:39:59   BUY   0.00000004   349476.01098352   0.01397904
2014-07-24 17:26:21   SELL   0.00000003   5200.00000000   0.00015600

Apparently someone is making an effort to keep it down.

Wonder why : )

Look at that volume, it is ridiculous low, less than $100 per day.

and this brings us to a financial aspect of bringing mintcoin back. Do we have a financial analysis in the community who is willing to do a little research and present a projection on how many new investors we need based on the average wallet size to increase Mintcoin value in sets of 5? If we could have this chart go up to 0.00000060 which was our peek that would be awesome.

These numbers will set our monthly marketing goals.

[SolidStateSurvivor]

Does anyone have a new torrent for the block chain, or .zip file? For the new 1.10 wallet.

[tokyopotato]

It has come to my attention that the Mintcoin dev has admitted dumping the premine and giving reigns over to community.  I am willing to join this team again and continue the Sonoma County Reforestation project where it left off.

Can I get an update from team members on who is directing and organizing at this point?

Cheers,
Patrick

[mgburks77]

Just so everyone knows, cryptomommy appears to be who she says she is. I'm satisfied that her intentions are honorable.

 Mint on!!! 

[TookDk]

Just so everyone knows, cryptomommy appears to be who she says she is. I'm satisfied that her intentions are honorable.

 Mint on!!!  

+1

I strongly encourage anybody who want to get involved in the project and have the spare freetime and motivation to do so, to contact cryptomommy. I am sure she has a endless list of task that need to be done.