♦ [ ANN ][ MIM ] ♦ Magic Internet Money ♦ MERGE MINE WITH FRK NOW! ♦

[HinnomTX]

If you want Deflationary and high quality coin TRY Franko . Next is inovative the rest aren't just experiements that already made and please don't mention that premine it's really a large scale scam  .

Thanks for your feedback and your calculus , i hope devs see it and express his opinnions too . Your idea seems legit and good . Cheers .

I did PM scottii about the proposal several days ago, and he seemed amenable to the changes. But we need the MIM community to vote on whether the changes are worthwhile.

I'm not really trying to making MIM deflationary. This coin is supposed to be infectious magic that gets spread around. But I did want to point out that we are headed for the Litecoin zombie markets if we don't tame the inflation a bit.  

As an aside, I used to own Franko but traded it for VertCoin because the block target time was getting thrashed around by the multipools. Well, right after I sold, KGW was implemented into FRK. So it's a great coin again.

[pocketbits]

MIM just needs to spread its wings, we are gonna put it in as many hands as possible

[HinnomTX]

MIM just needs to spread its wings, we are gonna put it in as many hands as possible

Exactly! That's why I don't want to touch MIM's characteristics for the first year. Let's get those 14.8 billion coins out there fast.

[defaced]

MIM just needs to spread its wings, we are gonna put it in as many hands as possible

Exactly! That's why I don't want to touch MIM's characteristics for the first year. Let's get those 14.8 billion coins out there fast.

Yea I think the first year is important, then after that see where we stand. I mean we arnt the next pump and dump, we are a long term solution.

[pocketbits]

Just need to mine a sufficient amount of MIMs first before we can start the marketing

[HinnomTX]

MIM just needs to spread its wings, we are gonna put it in as many hands as possible

Exactly! That's why I don't want to touch MIM's characteristics for the first year. Let's get those 14.8 billion coins out there fast.

Yea I think the first year is important, then after that see where we stand. I mean we arnt the next pump and dump, we are a long term solution.

Agreed. People look at price too, and total coinage is a critical metric for valuation. Keeping our heads above 1 satoshi is important because it keeps MIM trading in Bitcoin markets. I think if we modify the coin's characteristics soon for something that doesn't kick in for a year, that's fair. In other words, if the community and devs like the ideas, let's not wait a year to implement the changes as they may give the appearance of short term manipulation.
I just don't want to see MIM/LTC as the only exchange pair for a great coin. Thanks for listening!

[ggc1ose]

MIM is at a disadvantage to other currencies because the initial price estimate for all coins is based on total coin population.
From this article:
http://cryptofrenzy.wordpress.com/2014/02/16/secret-price-formula-for-just-launched-coins/
Altcoin Initial value = (Total BTC Supply ÷ Total Altcoin Supply) ÷ 5000to10000

For MIM, you're modelling 'unlimited coinage' with a 1 trillion upper limit. On the optimistic side we get:
MIM initial value = (21e+6 ÷ 1e+12) ÷ 5000 = 0.4 satoshi

MIM might be estimated to be worth as little as 0.2 satoshi. Ouch. We are already seeing this play out in the markets, where MIM/BTC bids at 1 satoshi are pretty much gone now. MIM will end up being traded against Litecoin, and let's be honest, Litecoin markets suck. This is why I think we should cut the max population to get the coin over 1 satoshi value. (Coin reduction has happened successfully with other coins e.g. Kittehcoin). There's still plenty of inflationary magic and it will take a good while to mine all the coins.

HinnomTX

Most traders are in for short or mid term... I don't see why you count with 1trill instead of the 1.5-2 year average of 20-30bill, which makes it more rare than doge mint panda etc, all of the  ~100b coins.

However, given that we can count with 20-30bill either way I wouldn't be against any change that keeps it in that range for the foreseeable future.

[melwinder]

Hey, could anyone help a poor person out?? I only mine at 70 kh/s xD Although that is good for the current difficulty, once it raises I won't be able to get anything


I do believe in magic :3
LNNRSWtBHbXQ7onQjspEv522CyNEyzv3ZL

[podizzle]

i agree being under 1satoshi sucks

[pocketbits]

just believe in the magic ;] like any good magician, MIM is gonna make you feel the suspense before the thrilling presto!

[podizzle]

just believe in the magic ;] like any good magician, MIM is gonna make you feel the suspense before the thrilling presto!

i must say magicians unline any other cryptocoin community!

[pocketbits]

just believe in the magic ;] like any good magician, MIM is gonna make you feel the suspense before the thrilling presto!

i must say magicians unline any other cryptocoin community!

Once we get a few of the bounties completed (web wallet, promo video, marketplace), we have some big plans for the next step

[matoy]

Guys,

Nobody wants to spread power a little bit?
Dencoin pool is still > 90% hashrate, that means no serious investor would invest in Magic Internet Money.

But i'm just saying... ;-)

-> Come on to http://mim.coins4everyone.com!

To get plenty of Magic Internet Money, just point your miners to:
Stratum: stratum+tcp://mim.coins4everyone.com
Port: 3449
Algorithm: scrypt
Username: Weblogin.Worker
Password: Worker Password
and then let the magic begin... We take care of the rest!

Benefits of Mining @ coins4everyone.com:
* based in Europe
* incredible uptime
* dedicated servers w/redundancy, DDoS protection
* only 1% fee
* pplns
* nice & caring support
* trustworthy & skilled admins

Come on, we need more hash power, point your miners to http://mim.coins4everyone.com and let’s spread hashrate! ;-)

let's do something fun...
if you make our pool http://mim.coins4everyone.com reach > 50MH/s for 24 hours, we'll do a 100k MIM giveaway.
we'll take the top 15 biggest hashrate miners (excluding ours), pick up randomly 2 people and give them 50k MIM each.

Hi, our magic contest is still valid...
Wanna earn some more MIM and participate in spreading hashrate... just come to our pool!

[SpiryGolden]

  MIM isn't yet on a big market and yet has been the most profitable coin too mine .  yeee i made $$$ with MAGIC .

So lets push out MIM ! https://www.mintpal.com/voting

[thePridge]

Hopefully we can pull a rabbit out of the hat here and make some MAGIC!!!

http://t0.gstatic.com/images?q=tbn:ANd9GcRKF6R79PIvo_luxxTQcyRqprGlXfMs3liwWBiRay7weRLsF-vq9g

[pocketbits]

hey, at least fix the typo in the thread title, wtf is crytptorush

[scottii]

hey, at least fix the typo in the thread title, wtf is crytptorush

This:

https://cryptorush.in/index.php?p=trading&m=MIM&b=BTC

[MaGNeT]

Wow, diff and hashrate is growing rabbitly...

[pocketbits]

hehhehe rabbitly

[btcltcdigger]

WTB MIM