[ANN][MNA] Minacoin | 100% POS | 100% Premined

[minacoin]

MinaCoin

http://minacoin.com/assets/img/logoo.png

Specifications

Website

http://www.minacoin.com/

Specifications

• Block time: 1 minute
• Difficulty retarget: every block
• Nominal stake interest: 1% annually
• Min transaction fee: 0.0001 MNA
• Fees are paid to miners
• Total coins: 21 million
• Min stake age: 8 hours, no max age

Targets (BETA)

- Coins will not be issued until June 1st

Win wallet 32-bit - http://minacoin.com/win-32.zip

Win wallet 64-bit - http://minacoin.com/win-64.zip

Linux wallet 32-bit - http://minacoin.com/linux-32.zip

Linux wallet 64-bit - http://minacoin.com/linux-64.zip

Mac wallet - http://minacoin.com/linux-64.zip

[1714859869]

1714859869

[1714859869]

1714859869

[1714859869]

1714859869

[gdw]

how to get the coin???

I am the first, please send me some coins ??

thanks so much.

[ayta]

I don't know what is it .Need more info, Dev .

[liutiaoming1]

The dev do not express it clearly

[Kooness]

Happy Children's Day!
See you June 1st!
Good luck!

[Cashmenwa]

how to get this?

[italovers]

what's meaning

[liutiaoming1]

what's meaning

mean ipo

[tobeaj2meraa]

Minacoin

[moooongish]

what's meaning, how to distribute ?

[jieroz]

how to get some minacoins? 

[mastadonn]

Ya, 100% pre mine, I'll take 10 million please.

[grahvity]

Load of bullion: new gold-backed bitcoin is a disaster in waiting

http://www.theverge.com/2014/5/6/5685660/do-not-buy-this-gold-backed-bitcoin-minacoin

[ashour]

I would like some minacoins 

[wangxiaochuan]

Load of bullion: new gold-backed bitcoin is a disaster in waiting

http://www.theverge.com/2014/5/6/5685660/do-not-buy-this-gold-backed-bitcoin-minacoin

what do you mean???

the coin is scam???

[DishCatcher]

expensive coins.
i doubt u can sell out.

[escrowman]

forget it , the dev go home already.

[feifeiq]

it is ipo in the homepage

[aqlzf123]

Now a day too much, but liked the name .

[mindact]

yeah, 100% pos, but how to get the coin? Where is the dev???

[Walter Rothbard]

Is this the new gold backed altcoin that is in the news today?  If so - why not spell that out in the announcement?

A gold or commodity-backed cryptocurrency would certainly be an interesting innovation.  But what I would like to see is something like colored coins where arbitrary entities can issue coins on the blockchain which that entity pledges to redeem for a unit of metal - then all those issued currencies can float in value relative to each other and relative to the market's trust in the issuing authority's promise to redeem.

My understanding is there are two solid gold bars backing this currency, and I doubt those are going to be divided up for redemption.  If this currency isn't truly redeemable for gold I'm not sure it can really be called "backed" by gold.  Still reading, though, so maybe I don't understand it all, yet.

[Walter Rothbard]

Needs a more responsive website.

[dmpotter]

How would it work without miners?

[mindact]

Needs a more responsive website.

yes we need more details

[dancupid]

OK, I get it - it's satire.

You've just proven that it's impossible to create a backed cryptocurrency.

"The initial price of each coin is equivalent to 1mg of gold in our vaults."

As soon as 1 coin is worth more or less than this, we immediately know that 'backing' is impossible for any cryptocurrency.

[brian_nguyen]

When will you plan to sell the gold? 

[Walter Rothbard]

Finally got to the website.

What is required to redeem the Minacoin for gold?

The gold will be held in trust and not redeemable.

So long, folks - this is not really backed by gold.  If I own an ounce of silver and 1000 Zimbabwean dollars, and sell you a Zimbabwean dollar, the Zimbabwean dollar is not "backed" by the silver that I own.  You might just as well claim that Bitcoin is backed by some other guy's gold in a vault - this backing is just as valid as the gold backing Minacoin is claiming.

[Walter Rothbard]

Myth #2: A single point of failure is created by the fact that it is not decentralized.

Minacoin is peer to peer, and it can be stored offline, traded without an exchange, and transported on paper. The lack of decentralization allows us to work closely with regulator to ensure the gold is secure and consumers are protected.

This does not make sense -citing a perceived advantage of centralization doesn't make this disadvantage a myth.

[Phinnaeus Gage]

Myth #2: A single point of failure is created by the fact that it is not decentralized.

Minacoin is peer to peer, and it can be stored offline, traded without an exchange, and transported on paper. The lack of decentralization allows us to work closely with regulator to ensure the gold is secure and consumers are protected.

This does not make sense -citing a perceived advantage of centralization doesn't make this disadvantage a myth.

IT'S NOT A MYTH!!! I'm the one that sold them the two 400-ounce bars of gold. I even have the receipt - laying around here somewhere - where I sold enough barn wood to purchase the gold.

FYI, they weren't bars of gold, but...



Minacoin is fun, buy right now, don't walk - run!

[uiiiii888]

So interseting,I even don't know what you want to do

[TinyBBC]

You're kidding, no introduction, just send a post

[lcharles123]

The first stable crypto? http://www.ahametals.com/bullion-new-gold-backed-bitcoin/

[boenxia]

we need more info about minacoin

[ripplebtc]

Counterparty Digital Asset company DigitalTangibleTrust makes Business Insider's Article:

"10 Most Promising Startups Building Stuff with Blockchain Technology"

http://www.businessinsider.com/10-most-promising-blockchain-companies-2014-5

— DigitalTangibleTrust aims to be a liquidity provider and marketing partner for hard assets that are difficult to monetize, but can be easily digitized into cryptocurrencies and then traded on any centralized or peer-to-peer exchange. Whether you are buying digital gold bullion from the United Kingdom or digital mineral rights in Texas, led by a cryptofinance and experienced marketing team in San Francisco, they are trying to push the edge of blockchain innovation building an investment portfolio that will consist of coins it has issued as ownership rights to these unique assets.  Since its humble beginnings in early 2014, in a short month they have thousands of hard assets in custody and appear determined to digitize all things.


DigitalTangibleTrust
http://www.digitaltangibletrust.com/

Trade 1/10 Troy Oz goldcoins on Poloniex
https://poloniex.com/exchange/btc_gold

FAQ
http://www.digitaltangibletrust.com/faq/

Product and Service Updates April 29, 2014
Our mission is to digitize all valuable assets into the Counterparty platform and to build a trustless, yet reputable service that delivers unmatched ability to access asset markets, globally.

BitcoinTangibleTrust changes to DigitalTangibleTrust
We've changed our name and our website. We are now Digital Tangible Trust and we have soft-launched our updated website today. You may visit our new site at http://www.digitaltangibletrust.com.

For those who don't know us, we currently have digitized over $17,000 in precious metals assets on Counterparty in just 1 month.

we still have much work to do to help explain and educate the market about our value proposition. Thanks for the feedback from Matt Y and led_cd for the directions. We have more to come!


New Product: Netagio's Gold Bullion Coin
We now accept Gold Bullion purchases of 100g Swiss Gold into Counterparty Gold Bullion Coins with Netagio. You may read more about our partnership with Netagio here: http://www.digitaltangibletrust.com/blog/


The DigitalTangibleTrust Team
We are powered by XCP!
Cross Posted to Counterparty Forums: https://forums.counterparty.co/index.php/topic,203.0.html

[kololo]

what's meaning, how to distribute ?

I want to ask the same question too.

[suntek]

There are more? For example, how distributed?

[wisnon]

How to participate?

[goxed]

it might become a classic P&D

[steyast012]

100％Premined???

[lihaidong198871]

I do not know what the dev is saying~

[aways]

what's meaning, how to distribute ?

I want to ask the same question too.

me too

[bitcoinwonders010]

where can i buy some minacoins

[superresistant]

This coin do not aim to be a real cryptocurrency and therefore cannot exist because of regulation.

Forget it.

[Icardi09]

I see their website, they already make an "IPO" there :
Get early access to Minacoin! Pre-order now!
1000 MNA = 0.09752836 / $ 42.30

[ShXnot]

i think this can be the meaning of Mina for those who are interested
http://en.wikipedia.org/wiki/Mina

[lxxx]

I do not know what the dev is saying~


yes, I saw the first post several times. but I do not understand..

[lxxx]

I see their website, they already make an "IPO" there :
Get early access to Minacoin! Pre-order now!
1000 MNA = 0.09752836 / $ 42.30

ho, my god, it is so not cheap. I think the coin is used to earn money, just for the purpose//

[hotflame]

it is too expensive,

[Walter Rothbard]

Myth #2: A single point of failure is created by the fact that it is not decentralized.

Minacoin is peer to peer, and it can be stored offline, traded without an exchange, and transported on paper. The lack of decentralization allows us to work closely with regulator to ensure the gold is secure and consumers are protected.

This does not make sense -citing a perceived advantage of centralization doesn't make this disadvantage a myth.

IT'S NOT A MYTH!!! I'm the one that sold them the two 400-ounce bars of gold.

You're absolutely right - that totally proves it!  I can't believe I missed that!

[BitcoinNational]

   
    Difficulty retarget: every block
    Nominal stake interest: 1% annually
    Min transaction fee: 0.0001 Fees are paid to miners
    Total coins: 21 million
    Min stake age: 8 hours, no max age

Block time: 1 minute  20sec yo

[nesticely]

How to divide the premined? ipo?? scam??? lol

[lemons]

WOW!!!!   100％Premined

[nxtonly]

shit coin, devs don't even bother to give it a decent description.

[brim]

Looks very simple, dev how to allocate

[xibeijan]

This coin is backed by gold?   Strange.  I read the legals are not sorted out yet.  Is that true?

[vovan115]

how to get some minacoins? 

[andwelly]

It's too expensive, no one want!hope change give away.

[verysogar]

dev can you say more about your Minacoin?
I see nothing here

[BitcoinNational]

crickets

the sound of silence

DEVs?  

http://www.ahametals.com/bullion-new-gold-backed-bitcoin/
http://thecryptocurrencytimes.com/

[rsx19]

id love some coin!

[forber888]

I do not know what the dev is saying~

[vict]

We need more information. How is distribution?

[minacoin]

The coin will be released in a few weeks once we figure out a proper way to abide by regulation while issuing the crypto-currency.

[Walter Rothbard]

The coin will be released in a few weeks once we figure out a proper way to abide by regulation while issuing the crypto-currency.

Can you explain how the value is going to continue to hold after the coins are sold?  There is no authority that will promise to exchange coins for a fraction of the gold you have purchased, so why won't the value go to zero?

[BitcoinNational]

The coin will be released in a few weeks once we figure out a proper way to abide by regulation while issuing the crypto-currency.

Do not play the regulator game.

Change the words = save your ass from legal prosecution

"crypto-currency" becomes "electronically issued product coupons"

You sell "products" like any other business.  And the coin is the redeemption voucher.
Just like a gift card.  Same rules.  Keep it simple. 

As to us (potiential customers) demostrate in good faith that you

A.  Have and hold the good and it is secured by multiple 3rd parties
B.  Have and hold the cash or BTC to cover redeemption and it is secured by multiple 3rd parties
C.  Publish a very clear redeemption process, with the *option* to settle via epayment 'aka btc'.
D.  describe the "product" in very very exact detail

Coming clean and providing name and address of all liable partners.  Just like any business, if we know who you are and where you are it establishes trust.  And being that you are located in Canada and must conduct business under standardized legal terms is a big PLUS.


 

[funyoung]

still wait for the coins

[dongbohui]

It's that simple explanation? There is no application?

[BigWait]

Look like only can buy this coin

[roguishur]

100% Premined free or ipo?

[hoks]

The coin will be released in a few weeks once we figure out a proper way to abide by regulation while issuing the crypto-currency.

Can you explain how the value is going to continue to hold after the coins are sold?  There is no authority that will promise to exchange coins for a fraction of the gold you have purchased, so why won't the value go to zero?

so do not waste time here , find others.

[superresistant]

Keep watching for education & entertainment.

How to fail a business trying to regulate crypto and deregulate gold.

[rochere]

how to get the coin

[trainhappy]

sorry, where can I know how to get the coins?

[trainhappy]

It's a shit!
I found the distribution model on its shit website.
We need buy the shitcoin with a rate 1shitcoin/0.04dollar.

Total scam!

[sunshine007]

the dev must explain the details, or i don't understand how to get the coin.

[Thekitten]

I would like some minacoins

[minacoin]

The coin will be released in a few weeks once we figure out a proper way to abide by regulation while issuing the crypto-currency.

Can you explain how the value is going to continue to hold after the coins are sold?  There is no authority that will promise to exchange coins for a fraction of the gold you have purchased, so why won't the value go to zero?

We will purchase the coins back for the value you paid and we love to purchase it at a discount if people decided to sell it close to zero.

[TheMightyX]

Is this the new gold backed altcoin that is in the news today?  If so - why not spell that out in the announcement?

A gold or commodity-backed cryptocurrency would certainly be an interesting innovation.  But what I would like to see is something like colored coins where arbitrary entities can issue coins on the blockchain which that entity pledges to redeem for a unit of metal - then all those issued currencies can float in value relative to each other and relative to the market's trust in the issuing authority's promise to redeem.

My understanding is there are two solid gold bars backing this currency, and I doubt those are going to be divided up for redemption.  If this currency isn't truly redeemable for gold I'm not sure it can really be called "backed" by gold.  Still reading, though, so maybe I don't understand it all, yet.

For someone with such a high post count I find it suprising you are so lacking in knowledge of current protocols.

What you are describing has already been achieved in Counterparty (XCP) and again in the Mastercoin protocol (MSC).

It's also being developed for NXT (but who cares about that).

[TheMightyX]

Thought you guys might like to hear a post I made on the last supposed gold-backed coin:

Anyone who suggest bitcoin should be backed by a "real" asset like gold is gravely misunderstanding the situation.
Backing injects counterparty risk, because a specific person or entity must be obligated to fulfill the backing.
Backing requires a backer.
Bitcoin does not need backing, because it is a digital commodity that is valuable itself. It is valuable in large part because it carries no physical burdens or constraints.
It is this lack of physical backing that allows it to move anywhere instantly at near zero cost.

-Erik Voorhees, bitcoin conference 2013

Thought you might like a shred of intelligence sprinkled onto your crap dinner.
This is a step backwards in evolution. The gold will be secured under the developers name (as it legally has to, it cannot be registered to Mr.Anonymous).
There is nothing stopping him from running off with all the gold whenever he pleases.

Guys, I understand you want to protect yourself in the event your investments become worthless, I do.
I've taken quite a few losses on coins myself.
But this is not the way forward.

[fandexinse]

How to participate? This project allocation is very good!

[yaoxin]

seems like a hot coin .so many people care it

[eastwind_ja]

It's 06.01 tomorrow ,how to apply coins ,,expecting.

[eastwind_ja]

It's 06.01 tomorrow ,how to apply coins ,,expecting.

So many days ,no people care this coin , why ,   Is dev here??

[man nurse]

Coin has not yet been launched, dve to disappear.