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

[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!