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Author Topic: [ANN][MINT] Mintcoin (POS) (5%) - New Wallet v2.0.2 released 3/1/16  (Read 1260978 times)
David Latapie
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July 29, 2014, 12:17:56 AM
 #16061


I was wondering if it could affect Mintcoin (being one of the "removed coin"). Well, even though we are on the first page, we are pretty low on it. It would be good to coordinate a campaign toward Moolah to not be removed, stressing out that we are relaunching, the dev premine thing being over. Being delisted now would be very detrimental, just when we are going back.

Of course, maybe Moolah doesn't intend to delist us. But it is better to ask before they announce they will, it will prove we are proactive.

Among other news, I donated 50000 MINT to Linux Mint. It was the distro that shipped with the machine I am typing the post. It is a great open source project and I might even be the first to donate Smiley


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Hi,

It is my pleasure to send you 50000 MINT. Linux Mint was the distro that shipped with my Mintbox when I bought it. I chose the Mintbox because it is environemently-friendly: both for the atmospheric environement (low electricity) and for the accoustic environment (silent). Since Mintcoin is a cryptocurrency about sustainable development, this just made sense!

Keep working on Linux Mint, what you are doing matters.

Monero: the first crytocurrency to bring bank secrecy and net neutrality to the blockchain.HyperStake: pushing the limits of staking.
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July 29, 2014, 01:16:50 AM
 #16062


I was wondering if it could affect Mintcoin (being one of the "removed coin"). Well, even though we are on the first page, we are pretty low on it. It would be good to coordinate a campaign toward Moolah to not be removed, stressing out that we are relaunching, the dev premine thing being over. Being delisted now would be very detrimental, just when we are going back.

Of course, maybe Moolah doesn't intend to delist us. But it is better to ask before they announce they will, it will prove we are proactive.

Among other news, I donated 50000 MINT to Linux Mint. It was the distro that shipped with the machine I am typing the post. It is a great open source project and I might even be the first to donate Smiley


Quote
Hi,

It is my pleasure to send you 50000 MINT. Linux Mint was the distro that shipped with my Mintbox when I bought it. I chose the Mintbox because it is environemently-friendly: both for the atmospheric environement (low electricity) and for the accoustic environment (silent). Since Mintcoin is a cryptocurrency about sustainable development, this just made sense!

Keep working on Linux Mint, what you are doing matters.

I've updated computers to the new Mint Xfce. It really is a class act operating system. Maybe one of the reasons I've always liked Mintcoin; another class act.

" If you have to spam and shout to justify your existence then you are a shit coin."  TaunSew
cryptomommy
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July 29, 2014, 01:39:19 AM
 #16063

We have an official announcement coming out this weekend regarding the new development team. Anyone actively working on Mintcoin development needs please make sure to send me your short bio and Mintcoin address to be included.

Also if you are not currently a member of https://trello.com/b/3z77PPdg/mintcoin-team and would like to donate some time to development / graphics / copy / research please pm me your email address so I may add you.

Thanks everyone!
Jessie
David Latapie
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July 29, 2014, 01:50:07 AM
 #16064

We have an official announcement coming out this weekend regarding the new development team. Anyone actively working on Mintcoin development needs please make sure to send me your short bio and Mintcoin address to be included.

Also if you are not currently a member of https://trello.com/b/3z77PPdg/mintcoin-team and would like to donate some time to development / graphics / copy / research please pm me your email address so I may add you.

Thanks everyone!
Jessie
David Latapie is a French publisher, transhumanist and crypto enthusiast who worked on various cryptocurrencies, and focuses on the societal changes brought by cryptos and the blockchain technology. He lives in Paris and is the founder of the forthcoming Mintcoin Fund.
MsaBUxXN1wC3fQRkxSeYFKcrE87oT4mNTD[/quote]

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cryptomommy
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July 29, 2014, 05:59:26 PM
 #16065

Regarding Moolah / MintPal Communications:
I would like to let everyone know I am currently in active communications regarding continuing the trading of Mintcoin within MintPal after the transition of ownership.
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July 30, 2014, 03:06:00 AM
 #16066

It will be out soon? The code hasnt been touched in over a month and I dont see any updates, not sure where you are getting your "soon" from.
Development hasn't stopped, I'm just not pushing my changes. And I'm busy with some real life stuff lately, otherwise it's 99% complete and ready to be released.

Don't judge android wallet's value by it's mint bounty. I'm not doing the MINT part for its bounty, it's not a freelance job for me -- I believe this is a community work, and I hope the community will take over its development when it's released. There are no POS bitcoinj forks in existence (and I doubt that anyone can manage to release something), and this is the first bitcoinj fork for POS coins, and it works (the POS library). For last few months, I haven't touched mintcoinj part and only been fiddling with getting the android UI to work besides my real life responsibilities.

I will be well compensated by other POS coins once it's done, I see other coins as freelance projects, not mint. I hope the community does not see this as a freelance too, because I'm not doing this for it's bounty, I'm not working as for a paid project to do mint's wallet, I'm doing it just because of being part of this community and that I am able to do it.

Sure looking forward to that final 1% being completed.
That was 3 weeks ago. Can we expect it next week? In 2 weeks? In 3 weeks?

I'm confident the entire "community" or what's left of it, would like to know.

Offering up excuses is getting old.
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July 30, 2014, 06:55:38 AM
 #16067

Looks to be usable except pos minting... I wonder if he implemented his own spv store if he didnt not sure how checkpointing is working.. probably needs months of testing that 1 dev cant do.

No mintcoinj and no github updates in 2 months looks like hes working offline until ready. If its really 99% not sure the holdup, maybe to buy more coins lol.

★☆★Syscoin - Decentralized Marketplace and Multisig Platform
Pay with Bitcoin, ZCash and many more
For more visit Syscoin.org  ★☆★
yeasee
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July 30, 2014, 07:15:14 AM
 #16068

hope mint can to da moon again Cheesy
acceptance2
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July 30, 2014, 07:25:54 AM
 #16069

Looks to be usable except pos minting... I wonder if he implemented his own spv store if he didnt not sure how checkpointing is working.. probably needs months of testing that 1 dev cant do.

No mintcoinj and no github updates in 2 months looks like hes working offline until ready. If its really 99% not sure the holdup, maybe to buy more coins lol.
As an initial introduction to the coin, the minting aspect is secondary. We're talking about small amounts of Mint from one Wallet to another for the express purpose of exposing the name (brand) to a wider audience.

From those newly exposed, some will decide to become investors and will download a PC wallet before loading up on the coin.

It's unlikely newbies out of the crypto arena will download the entire blockchain to receive 1000 Mint just to check it out. But a quick download from the Playstore and receiving Mint in a matter of minutes is highly likely to win new players.
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July 30, 2014, 08:16:25 AM
 #16070



LOL...would love to know who's running the box.
cryptomommy
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July 30, 2014, 11:45:28 AM
 #16071

Good morning!

Android Wallet News:
Paspi has locked up some time for the finalization of the android wallet, testing and a soft launch of August 15th. He has spent several months building this app from scratch and is very excited to share with the team.

We are currently seeking a private pool of testers for the code. Please pm me if you would like to be on this list. Private testing should take place towards the end of the next two weeks.

The initial launch will not be PoS - however we have an alternative which another wallet developer is already in the progress of working on.

Investor Relations:
I have been speaking with several investors since the start of Mintcoin discussing the investment opportunity and there have always been 2 major concerns with the coin.

1. Pre-mine - GONE
2. PoS Rate. - Let's Talk About it.

I saw a post awhile back (reddit I believe) that supported the 20% PoS rate. It noted that currently we are actually only at 12.5%? (will find article later - numbers may be off)

I would like to propose that the 20% be discussed within the community and a decision is made by everyone whether or not we decrease that number. Personally I would like to see it at a range between 6%-12%

Here is a link one of the investors shared with me:
http://en.wikipedia.org/wiki/List_of_countries_by_inflation_rate

A final note:

Mintpal Manipulation:
edit: shakes head. Lets get to work guys and put this person to shame...




acceptance2
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July 30, 2014, 12:40:54 PM
 #16072

Good morning!

Android Wallet News:
Paspi has locked up some time for the finalization of the android wallet, testing and a soft launch of August 15th. He has spent several months building this app from scratch and is very excited to share with the team.

We are currently seeking a private pool of testers for the code. Please pm me if you would like to be on this list. Private testing should take place towards the end of the next two weeks.

The initial launch will not be PoS - however we have an alternative which another wallet developer is already in the progress of working on.

Investor Relations:
I have been speaking with several investors since the start of Mintcoin discussing the investment opportunity and there have always been 2 major concerns with the coin.

1. Pre-mine - GONE
2. PoS Rate. - Let's Talk About it.

I saw a post awhile back (reddit I believe) that supported the 20% PoS rate. It noted that currently we are actually only at 12.5%? (will find article later - numbers may be off)

I would like to propose that the 20% be discussed within the community and a decision is made by everyone whether or not we decrease that number. Personally I would like to see it at a range between 6%-12%

Here is a link one of the investors shared with me:
http://en.wikipedia.org/wiki/List_of_countries_by_inflation_rate

A final note:

Mintpal Manipulation:
edit: shakes head. Lets get to work guys and put this person to shame...






Excellent news on the Android Wallet. Happy to volunteer for testing on this.

As to the POS rate, my personal preference would be to eliminate it all together and cap the coin at its current distribution. In my mind, this would immediately bring value (scarcity creates demand) and give the coin a fighting chance to come back from the dead.

What it would mean of course, is real adoption and development would carry the coin forward, not hypothetical riches from speculation (that hasn't really worked out so well has it?).

Given that I'll probably be the only one in favor of capping the coin at it's current distribution, my next choice would be on your low end of the scale at 6%. But I would strongly suggest to holders to eliminate it completely if they really want to see their investment rebound.

And capping the coin at its current distribution, would I believe solve the coin manipulation problem almost immediately.

cryptomommy
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July 30, 2014, 12:52:17 PM
 #16073

The PoS is something I want to market heavily (interest rate) as it secures the network and if promoted correctly can be compared to a traditional savings account (eventually).

Decreasing it should bring in new investors almost immediately though which we can support our growth with.
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July 30, 2014, 01:01:36 PM
 #16074

Excellent news on the Android Wallet. Happy to volunteer for testing on this.

As to the POS rate, my personal preference would be to eliminate it all together and cap the coin at its current distribution. In my mind, this would immediately bring value (scarcity creates demand) and give the coin a fighting chance to come back from the dead.

What it would mean of course, is real adoption and development would carry the coin forward, not hypothetical riches from speculation (that hasn't really worked out so well has it?).

Given that I'll probably be the only one in favor of capping the coin at it's current distribution, my next choice would be on your low end of the scale at 6%. But I would strongly suggest to holders to eliminate it completely if they really want to see their investment rebound.

And capping the coin at its current distribution, would I believe solve the coin manipulation problem almost immediately.

I am open to ideas, I read you post with great joy.
However I have a few questions:

How would you secure the network if not using PoS?
Are you suggesting to switch to PoW and set the blockreward to zero, and only maintaining the network with transaction fee's?

Cryptography is one of the few things you can truly trust.
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July 30, 2014, 01:26:11 PM
 #16075

The PoS is something I want to market heavily (interest rate) as it secures the network and if promoted correctly can be compared to a traditional savings account (eventually).

Decreasing it should bring in new investors almost immediately though which we can support our growth with.

So I guess the question is, where's the balance that will both bring in new investors and secure the network?

Any real investor wants as small a float as possible. So 6%, 5%, 4%, 3% ?

I'm curious, probably a stupid question but if POS is needed to secure the network, what secures the network when the Minting is finished years later?

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July 30, 2014, 01:29:45 PM
 #16076

The PoS is something I want to market heavily (interest rate) as it secures the network and if promoted correctly can be compared to a traditional savings account (eventually).

Decreasing it should bring in new investors almost immediately though which we can support our growth with.

So I guess the question is, where's the balance that will both bring in new investors and secure the network?

Any real investor wants as small a float as possible. So 6%, 5%, 4%, 3% ?

I'm curious, probably a stupid question but if POS is needed to secure the network, what secures the network when the Minting is finished years later?



From what I understand, instead of minting new coins, you will be rewarded by the transaction fees.

Someone feel free to correct me if I'm wrong though.

Mintcoin.pw - The Unofficial Mintcoin Forums!
TookDk
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July 30, 2014, 01:38:19 PM
 #16077

So I guess the question is, where's the balance that will both bring in new investors and secure the network?

Any real investor wants as small a float as possible. So 6%, 5%, 4%, 3% ?

I'm curious, probably a stupid question but if POS is needed to secure the network, what secures the network when the Minting is finished years later?

That is a good question.
The answer is in the OP, the reward continue for infinite with 5% after 3rd year.

Bitcoin for example has a fixed number of coins (~21mil), the block reward will eventually go to zero, at that time is it believed that the network is so widely used that miners is motivated to mine strictly to claim the tx fees.

Specifications

-Pure PoS

Other Specifications:
...
    - PoS variable interests:
        - 1st year: 20%
        - 2nd year: 15%
        - 3rd year: 10%
        - 4th and subsequent years: 5%
...


Cryptography is one of the few things you can truly trust.
acceptance2
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July 30, 2014, 01:55:50 PM
 #16078

So I guess the question is, where's the balance that will both bring in new investors and secure the network?

Any real investor wants as small a float as possible. So 6%, 5%, 4%, 3% ?

I'm curious, probably a stupid question but if POS is needed to secure the network, what secures the network when the Minting is finished years later?

That is a good question.
The answer is in the OP, the reward continue for infinite with 5% after 3rd year.

Bitcoin for example has a fixed number of coins (~21mil), the block reward will eventually go to zero, at that time is it believed that the network is so widely used that miners is motivated to mine strictly to claim the tx fees.

Specifications

-Pure PoS

Other Specifications:
...
    - PoS variable interests:
        - 1st year: 20%
        - 2nd year: 15%
        - 3rd year: 10%
        - 4th and subsequent years: 5%
...

But what about when the 70,000,000,000 are fully distributed? How is the network secured then?

How would it be any different than if the distribution was capped now at say 20,000,000,000?

What am I missing here?
DougB62
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July 30, 2014, 01:56:38 PM
 #16079

I saw a post awhile back (reddit I believe) that supported the 20% PoS rate. It noted that currently we are actually only at 12.5%? (will find article later - numbers may be off)

I would like to propose that the 20% be discussed within the community and a decision is made by everyone whether or not we decrease that number. Personally I would like to see it at a range between 6%-12%

Using your range, we could drop it to ~12% first year, ~10% second year, ~8% third year, and ~6% all subsequent years? Or are we only discussing a first year percentage adjustment here?
cryptomommy
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July 30, 2014, 02:20:11 PM
 #16080

I saw a post awhile back (reddit I believe) that supported the 20% PoS rate. It noted that currently we are actually only at 12.5%? (will find article later - numbers may be off)

I would like to propose that the 20% be discussed within the community and a decision is made by everyone whether or not we decrease that number. Personally I would like to see it at a range between 6%-12%

Using your range, we could drop it to ~12% first year, ~10% second year, ~8% third year, and ~6% all subsequent years? Or are we only discussing a first year percentage adjustment here?

This is what I was thinking as well. This way we are still ahead of competitors but significantly decreasing the production.

Someone else mentioned going dynamic with the PoS using VRC/GUE as a place to get started.

On the transaction fee note: Do we know where that fee is currently going to?

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