Soooo.. this wallet is some tabs and photos and it doesn't actually work? And the price went up 400% when the wallet is still lacking the hardest and most important part which is making it actually work?? ...and people are asking why it's starting to go down...Careful.
For those of you think the new wallet with betting is a breakthrough... well you can do the betting right in your browser
http://bet.minerals.pro/, the new wallet just added a new tab which contains a web frame that links to that webpage... which reminds me, is it the only project MIN has delivered in ONE MONTH?
And then let's check out the number of coins dev got, the 'Minerals Development Fund', it's 3127600 as block explorer shows
http://explorer.minerals.pro/address/MVNWT9QtaryFdzexcHNyiJa3hzZB5Ja85P, so let's do the calculation, dev has received equivalent to 200 BTC of MIN at current price...
So why can't he even hire some developers to finish the projects he promised better and faster? hmmm I don't know... Well at least I think the so-called 'wallet with betting feature' should be processed locally, instead of just adding a webpage on the wallet...
Nothing FUD here, I'm holding MIN too, I just hope people could be more careful... don't forget AC, SC... Also an alarm for myself..
Cheers!
The price went up 400% not because of actual value but because of supply and demand of the coins. There were aggressive buyers (many buy orders with big volume) and reluctant sellers (low volume sellers). Why were there buyers? It is because of investment, trading, and speculation. Almost all, if not all of cryptocurrencies actually don't have any value. They are just programs. They are not backed by any government or financial instruments. So why would there be willing buyers and sellers. It is because of potential value, not present value, which is really nothing right now.
Of course, a wallet with betting capabilities is not ground breaking. That can be found in betting programs that use fiat money. What I think is new is the use of cryptocurrency in such an application, which is the first focus target market of MIN.
As for the developer, of course he/they earned something. They run the pools and got the percentage. It was transparent from the very beginning. He/they could also have mined during the Pos. Who will exert much effort in making a coin, developing it, and marketing it, all for free? He must be crazy! Scammers of crypto coins go to great lengths to launch and coin and then let it die because they got their bitcoins already. As for the MIN developer, so far he has delivered, if the MIN coin can get to great heights and the dev prove to be a honest one, that is yet to be seen.
I don't know if the dev himself programmed the wallet with betting features. I can only speculate that if he did, he thought he could do it alone. But now MIN is creating a lot of buzz, he will be forced to find team mates or hire others devs to move MIN forward.
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