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

[cryptomommy]

It brings me great pleasure to officially announce the new Mintcoin Team
http://mintcoin.cc/official-mintcoin-team/

Please spread the word!

[TookDk]

It brings me great pleasure to officially announce the new Mintcoin Team
http://mintcoin.cc/official-mintcoin-team/

Please spread the word!

Awesome - big applause.

The transparency is so great.
I admire that the team is not anonymous (like 99% of all other altcoins).

[rokkyroad]

It brings me great pleasure to officially announce the new Mintcoin Team
http://mintcoin.cc/official-mintcoin-team/

Please spread the word!

Very impressive. We rarely see real names attached to coins. Glad I'm an investor.

[kiklo]

If you want to increase the price of Mintcoin then ask the Community to do the following

Call for an collective effort by the community to stop the exchanges from selling the Free Mintcoins they receive from People leaving Trades in the Exchanges Wallets.
Some but not all of them spend the interest and lower the prices of the Mintcoins.

To Stop the exchanges
On Monday at 7pm everyone on Mintpal remove your Mintcoins to your Personal Wallet
At 8pm return your Mintcoins to Mintpal and continue your trades as normal

On Tuesday at 7pm everyone on Cryptsy remove your Mintcoins to your Personal Wallet
At 8pm return your Mintcoins to Cryptsy and continue your trades as normal.

On Wednesday at 7pm everyone on Poloniex remove your Mintcoins to your Personal Wallet
At 8pm return your Mintcoins to Poloniex and continue your trades as normal.

On Thursday at 7pm everyone on a Chinese Exchange remove your Mintcoins to your Personal Wallet
At 8pm return your Mintcoins to Chinese Exchange and continue your trades as normal.

On Friday at 7pm everyone on a any other Exchange remove your Mintcoins to your Personal Wallet
At 8pm return your Mintcoins to any other Exchange and continue your trades as normal.

Do this every week to keep the exchanges from making interest on the Billion of coins they have just sitting there and the Price of Mintcoin will Skyrocket within 2 Months.
 

FYI:
Does not have to be done at exactly 7 or 8 anytime that day is fine.

Everyone needs to inform traders that just leaving the coins in the wallet costs them Money by increasing supply and lowering the price, because exchanges have no reason to keep the excess to mine for when they are receiving the Mining for Free.
If the Community does a concentrated effort that alone will increase the Price of Mintcoin.
 

[kiklo]

People bought into this investment because of the current terms, if you would like something different the thing to do is create your own coin, fitting your exact specifications. Changing the interest rate and coin cap in the middle of the game will just make all major holders dump so it's not going to affect the price in a positive manner to do so. It's naive to think that these changes will make the price suddenly spring from the dead.

If i decide not to dump I'll be staying with v1.10 and not following forks that change the parameters of MINT.

if anyone wants to join me in supporting the original blockchain they are welcome to

+1
 

[Beaverslayer]

kiklo, you do realise that all exchanges keep almost 100% of the coins they hold in "Cold Storage" right? You cannot mint new coins if they are stored this way. Anyone that is a "True" Mintcoin believer does not keep their coins on an exchange, the coins on exchanges are there because the people that own them are wanting to sell them. You will never get these people to remove their coins for an hour, because they are not going to be willing to lose the chance of selling them.

I agree with you in not changing the parameters of Mintcoin as I strongly believe it is the wrong thing to do. What needs to be done is to bring in as many of the newest features that other coins now have that seem to be attracting all the attention. The wallet also needs a major upgrade as well. If I knew how to write/program code, I would have been all over this a long time ago.

Mintcoin also needs to really start looking at getting "Widely" accepted as a currency like BTC has done. Mintcoin needs to somehow get accepted by at least one of the major Bitpay like companies out there, or even go all out and get ATMs developed for Mintcoin. These are just a few of the things that Mintcoin needs to be seriously looking at to further the course of development of Mintcoin.

[kiklo]

kiklo, you do realise that all exchanges keep almost 100% of the coins they hold in "Cold Storage" right? You cannot mint new coins if they are stored this way. Anyone that is a "True" Mintcoin believer does not keep their coins on an exchange, the coins on exchanges are there because the people that own them are wanting to sell them. You will never get these people to remove their coins for an hour, because they are not going to be willing to lose the chance of selling them.

I agree with you in not changing the parameters of Mintcoin as I strongly believe it is the wrong thing to do. What needs to be done is to bring in as many of the newest features that other coins now have that seem to be attracting all the attention. The wallet also needs a major upgrade as well. If I knew how to write/program code, I would have been all over this a long time ago.

Mintcoin also needs to really start looking at getting "Widely" accepted as a currency like BTC has done. Mintcoin needs to somehow get accepted by at least one of the major Bitpay like companies out there, or even go all out and get ATMs developed for Mintcoin. These are just a few of the things that Mintcoin needs to be seriously looking at to further the course of development of Mintcoin.

Be aware the Cold Storage is a PR story in some cases ,
If they keep everything in Cold Storage then how was C-CEX able to pay interest on some POS coins.
If MintPal kept everything in Cold Storage why did they Lose such a massive amount of Vericoin.
http://www.coindesk.com/bitcoin-protected-vericoin-stolen-mintpal-wallet-breach/

Accept Human Nature they are not and have not been keeping it all in COLD STORAGE.
Too much Reward Too Little Risk. Their are currently no laws to punish them so they can do it at will.
It is free money to them , with no real downside.
By the Mintcoin community doing the above transfers once a week , we keep them all honest with very little effort. In Fact All POS Communities should do something like this to protect their coins.

This is also an effort to get the info out to the Traders that just leaving the trades out there cost them money.
As long as they trade out and back in even once every 10 days even for 10 minutes.
Their future trades will be higher and they will make more money, because it will decrease the free supply.

You are right some traders will never bother , but if we can decrease the interest in the exchanges enough
the Prices will go up, and hopefully get the info out to the other traders.
Thanks for your Response.
 



 

[acceptance2]

Hi Cryptomommy & Acceptance2,

I greet both of you since you two are mainly pushing for the 1.5 %.

First , the Survey is only 64 votes so far , over 500 are on your rich list alone, so I don't believe this survey is a good reference of how the community feels.

This current plan so you can get unknown investors to pump the coin will cause its crash.
You want to drop our POS to 1.5%, that would make it a WhiteCoin Clone.
And Whitecoin is dropping everyday with no end insight.

The Programmer PressTab , (who seems to be an excellent and intelligent programmer) is currently working on a hyperstake coin with 750% interest and getting ready to modify NobleCoin to a POS of 175% interest ,
by his actions it is apparent he believes the higher interest rates are the way to go.
Yet you want ours to drop to a pitiful 1.5%

But from your Actions , I can only conclude you are looking to cause a Pump so that you can dump your coins. And if it is not the case ,then you are just misguided from listening to people who do not have mintcoin best interest at heart.

Lets shine some light on everything for the community:
Who are the investors , how much capital are they offering , how long will they inject capital,
and when are they going to pull out and crash mintcoin

My 2 Mintcoin
 


 

I wouldn't know where to begin.

[acceptance2]

Just be patient people... There is no premine to dump anymore, and things are moving forward.
We are already halfway through the first year...In 6 months the POS reward drops to 15%. So coins will get rarer...
Right now we need to concentrate on actually delivering on promised developments such as the Android wallet, and NGO. Prove we can get these types of things accomplished and investors will bring in capital, and value will rise. It's that easy.

Just curious, you have evidence there is no premine left to dump? I've yet to see an audited trail that would clearly show this.

What I do know is that the original developer repeatedly lied to the community.

Why would you believe him/her/they now when they state they've sold off the last of the premine?

[kiklo]

Just be patient people... There is no premine to dump anymore, and things are moving forward.
We are already halfway through the first year...In 6 months the POS reward drops to 15%. So coins will get rarer...
Right now we need to concentrate on actually delivering on promised developments such as the Android wallet, and NGO. Prove we can get these types of things accomplished and investors will bring in capital, and value will rise. It's that easy.

Just curious, you have evidence there is no premine left to dump? I've yet to see an audited trail that would clearly show this.

What I do know is that the original developer repeatedly lied to the community.

Why would you believe him/her/they now when they state they've sold off the last of the premine?

You Know you worry so much about a Premine but IGNORE the Exchanges getting Free Mintcoins that is a Larger Amount every Month that they sell which lowers the price.

Begin by asking your Mintcoin Team to actually do something about by it.
 

 

[raiuk]

kiklo are you another troll here?

How difficult for you is to understand that minting on exchanges is disabled if they are not in cold storage already.

WHy are you being a retard, do you have a proof that exchanges are selling themselves? No proof then shut your mouth.

[kiklo]

As of 8-01-2014 around 1am.
Mintpal Exchange currently has 983,163,737.94 Mintcoins.
20% of that is 196,632,747.59 Mintcoins
Range 105 Satoshi to 4 Satoshi in Sell Orders .
If they only had half in a interest bearing wallet
It would earn them ~ 98,316,373.79  Mintcoins .
If they only had a Fourth in an interest bearing wallet.
It would earn them ~ 49,158,186.90 MintCoins

Do any of you really believe in these economic times that the exchanges are not cashing in on Free POS Coins.

And this is just one exchange , if we do what I recommend in an earlier post and coordinate our withdrawals once a week on the same day, we stop this and keep them honest. It is quite easy.
 

[raiuk]

Man what are you smoking share with us  

Your calculations are totally off. You are missing a great deal of understanding of this coin plus your math is wrong.

[kiklo]

kiklo are you another troll here?

How difficult for you is to understand that minting on exchanges is disabled if they are not in cold storage already.

WHy are you being a retard, do you have a proof that exchanges are selling themselves? No proof then shut your mouth.

How can you be so Blind that you actually Believe That!
Read the following article
http://www.coindesk.com/bitcoin-protected-vericoin-stolen-mintpal-wallet-breach/

C-Cex even offer a percentage of interest from Ghostcoin (POS Coin)

If they were truly keeping their coins in COLD STORAGE then neither of the above could have taken place.

Why do you think that no matter how many we buy on Mintpal , we can never get a rally going.
That all of the investors are so dumb they sell at a loss everyday.
That is because most of those coins are from the exchanges and they got them for free.
So it is all pure profit for them.
Really Think for yourself man and don't just believe anything a supposed authority figure tells you.
 

[kiklo]

Man what are you smoking share with us  

Your calculations are totally off. You are missing a great deal of understanding of this coin plus your math is wrong.

Mr. Math Genius

That is what Excel said, but please take me to School.

What are your Calculations?
 

[raiuk]

kiklo are you another troll here?

How difficult for you is to understand that minting on exchanges is disabled if they are not in cold storage already.

WHy are you being a retard, do you have a proof that exchanges are selling themselves? No proof then shut your mouth.

How can you be so Blind that you actually Believe That!
Read the following article
http://www.coindesk.com/bitcoin-protected-vericoin-stolen-mintpal-wallet-breach/

C-Cex even offer a percentage of interest from Ghostcoin (POS Coin)

If they were truly keeping their coins in COLD STORAGE then neither of the above could have taken place.

Why do you think that no matter how many we buy on Mintpal , we can never get a rally going.
That all of the investors are so dumb they sell at a loss everyday.
That is because most of those coins are from the exchanges and they got them for free.
So it is all pure profit for them.
Really Think for yourself man and don't just believe anything a supposed authority figure tells you.
 

I'm saying you have no proof and even if they did stake at current price they would make 0.5 BTC a month! 300 dollar profit yeah its totally worth it. I'm trying to think who would sacrifice security for 300 dollars a month taking into considerations vericoin events.

[raiuk]

Man what are you smoking share with us  

Your calculations are totally off. You are missing a great deal of understanding of this coin plus your math is wrong.

Mr. Math Genius

That is what Excel said, but please take me to School.

What are your Calculations?
 

I have to go to work when I check this board in evening I expect you to give me the right calculations.

@cryptomommy can we make an online excelsheet that will do the stake calculations after 20 days, 6 months, 1y, 2y, 5y long term thanks!!

[kiklo]

Man what are you smoking share with us  

Your calculations are totally off. You are missing a great deal of understanding of this coin plus your math is wrong.

Mr. Math Genius

That is what Excel said, but please take me to School.

What are your Calculations?
 

I have to go to work when I check this board in evening I expect you to give me the right calculations.

@cryptomommy can we make an online excelsheet that will do the stake calculations after 20 days, 6 months, 1y, 2y, 5y long term thanks!!

WOW , I TAKE IT BACK YOU ARE NOT A MATH GENIUS.
Half Amount in Wallet   :98,316,373.79 mintcoins * 0.00000004 =  3.932654952 Bitcoins= $2,305.33
Fourth Amount in Wallet:49,158,186.90 mintcoins * 0.00000004=  1.966327476 Bitcoins= $1,152.67
Bitcoin exchange rate at 2:30am 

I think your Calc is broken if all you got was $300.

Now imagine more that one exchange mints either a half or quarter and you can see the problem.
 

P.S.
Please tell me you are not an Accountant!!!
 

[TookDk]

I have to go to work when I check this board in evening I expect you to give me the right calculations.

@cryptomommy can we make an online excelsheet that will do the stake calculations after 20 days, 6 months, 1y, 2y, 5y long term thanks!!

coolbeans94 made the stake graph in OP, I believe he still have the source - try sending him a PM.

[acceptance2]

Off to a completely different topic, does anyone know why the percentage stats (columns far right) have disappeared off this page?

http://mint.blockx.info/richlist/