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chinchs
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July 25, 2014, 06:00:38 PM |
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Do you have the contact from the 3rd party dev? Perhaps he can contact our Dev and talk about the best anon implementation. Instead of using a poll, I think PR can put another address to his signature... Lets say: Address 1 - Donation for tournament Address 2 - Donation for Anon I had donated before, but I will donate for anon 3k. We can set an objetive, like collecting 100k, if we collect that amount within a week, we would use it for anon, if not, will be used for another thing (or the # of minerals required to develope Anon). What do you think? I slightly edited OP.
why are some people selling so low?  People have been waiting a long time for something to happen due to a long development period. Remember that 1 week in crypto = 1 year in real life. If there is not a lot of action and momentum, day traders and whales move on. This leaves the people that will make real life use of the coin to create the movement and demand. Much earlier in the thread it was recommended to take 2 days and implement anon features which would have created a demand and lots of volume and interest and create a floor of an estimated 20-30k sats while real life services are built. This is evident in the high prices of many other coins that only have anon features and nothing else because of the big demand for coins with such features. It was decided to rather start with the real life use case development which took a long time. In the absence of finalised real life use there is no other use for the coins and therefore demand, price, momentum and interest by day traders and whales have diminished followed by the expected dumping by holders that would rather withdraw to other coins where there are lots of movement and opportunities. It makes business sense to instead of leaving money lying around, to rather work with it elsewhere and return when something is about to happen like a real life service going live. Mineral holders will have to wait for the real life use to be finalised and implemented and through marketing and PR create interest by the future real life users of the coin in order to create movement and price increase again. Once that happens, crypto day traders and whales may return. There is therefore no reason why the price will increase suddenly because of the decision explained above. However, the strategy as I understand it is to create game tournaments like the one of 2 Aug and create awareness about both the prize money and betting features which will then hopefully become the catalyst that should translate into increased volume, demand as well as price. In essence the current price and volume can be attributed by the decision not to first implement a quick win and alternative use for the coin while the intended real life use of the coin is developed. It could work. People will probably donate because I think everyone would like to see the minerals price >20k. Imagine how much the tournament prize money would be worth to attract more top players if Minerals was trading at 20k instead of 2k. Coinier mentioned way in the beginning that he knows a dev that can do it. Perhaps Coinier can be summoned here. Don't want to do it empty handed, I put actions before words, please dev, tell what you think about this, the sooner we start collecting minerals the sooner we can do something . It would be nice to summon a dev (or some1 who have a dev for this, or why not some1 from min_dev team) with a wallet full of minerals! |
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TheFridge
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July 25, 2014, 06:57:03 PM |
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bad news and good news. Jaedong has dropped due to personall reasons. I don't blame him, hes a busy person and also lives in KR so its a 12 hour differences( meaning he would be play 1am til noon). Good news, we picked up his teammate Huk for the replacement.  Good news, I was politely asking on HUKs stream earlier what he thought about Jaedong going into the tournament and asked what he thought. Seems he payed attention Were getting some decent names in this tourney. Even though its at 1am my time when it starts I'll still be tuned in |
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TheFridge
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July 25, 2014, 07:02:10 PM |
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Do you have the contact from the 3rd party dev? Perhaps he can contact our Dev and talk about the best anon implementation. Instead of using a poll, I think PR can put another address to his signature... Lets say: Address 1 - Donation for tournament Address 2 - Donation for Anon I had donated before, but I will donate for anon 3k. We can set an objetive, like collecting 100k, if we collect that amount within a week, we would use it for anon, if not, will be used for another thing (or the # of minerals required to develope Anon). What do you think? I slightly edited OP.
why are some people selling so low? People have been waiting a long time for something to happen due to a long development period. Remember that 1 week in crypto = 1 year in real life. If there is not a lot of action and momentum, day traders and whales move on. This leaves the people that will make real life use of the coin to create the movement and demand. Much earlier in the thread it was recommended to take 2 days and implement anon features which would have created a demand and lots of volume and interest and create a floor of an estimated 20-30k sats while real life services are built. This is evident in the high prices of many other coins that only have anon features and nothing else because of the big demand for coins with such features. It was decided to rather start with the real life use case development which took a long time. In the absence of finalised real life use there is no other use for the coins and therefore demand, price, momentum and interest by day traders and whales have diminished followed by the expected dumping by holders that would rather withdraw to other coins where there are lots of movement and opportunities. It makes business sense to instead of leaving money lying around, to rather work with it elsewhere and return when something is about to happen like a real life service going live. Mineral holders will have to wait for the real life use to be finalised and implemented and through marketing and PR create interest by the future real life users of the coin in order to create movement and price increase again. Once that happens, crypto day traders and whales may return. There is therefore no reason why the price will increase suddenly because of the decision explained above. However, the strategy as I understand it is to create game tournaments like the one of 2 Aug and create awareness about both the prize money and betting features which will then hopefully become the catalyst that should translate into increased volume, demand as well as price. In essence the current price and volume can be attributed by the decision not to first implement a quick win and alternative use for the coin while the intended real life use of the coin is developed. It could work. People will probably donate because I think everyone would like to see the minerals price >20k. Imagine how much the tournament prize money would be worth to attract more top players if Minerals was trading at 20k instead of 2k. Coinier mentioned way in the beginning that he knows a dev that can do it. Perhaps Coinier can be summoned here. You don't get it. Anon is a pump and dump. Sure it may rise sharply but it will fall even harder. In realty no one ready cares about it. It just the 'newest' thing on the block. Same as color coins, country coins and now anon. It will be pumped and dumped into oblivion Minerals has found a niche. Stick to it and we will succeed instead of following the p&d crowd |
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jc12345
Legendary
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Activity: 1638
Merit: 1013
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July 25, 2014, 07:12:30 PM |
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You don't get it. Anon is a pump and dump. Sure it may rise sharply but it will fall even harder. In realty no one ready cares about it. It just the 'newest' thing on the block. Same as color coins, country coins and now anon. It will be pumped and dumped into oblivion
Minerals has found a niche. Stick to it and we will succeed instead of following the p&d crowd
Now go post the same comment in the DRK thread. What is your estimate of the value of Minerals when the tournament comes if the status quo is maintained? |
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chinchs
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July 25, 2014, 07:21:42 PM |
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You don't get it. Anon is a pump and dump. Sure it may rise sharply but it will fall even harder. In realty no one ready cares about it. It just the 'newest' thing on the block. Same as color coins, country coins and now anon. It will be pumped and dumped into oblivion
Minerals has found a niche. Stick to it and we will succeed instead of following the p&d crowd
Now go post the same comment in the DRK thread. What is your estimate of the value of Minerals when the tournament comes if the status quo is maintained? It is about features, someone spot something interesting, in some countries betting is not allowed (I think Japan is one of those). What happens if some1 is arrested for betting with minerals, that could damage this coin a lot, so I think we should leave the comunity to decide, going further... what if, we set another address (1 for anon and 1 for non anon), the one who collect more coins wins, the other can be used for tournament (or what dev decides). |
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mumak
Full Member
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Activity: 224
Merit: 100
here for a while
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July 25, 2014, 07:42:00 PM |
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If someone or some have decided to dump minerals, the introduction of anonymity will not stop them. The only chance of any crypto coin is to find external financing otherwise is doomed! The introduction of anonymity is not bad but the main objective must to be pursued!
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I ♥ Crypto!
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MadGhost
Sr. Member
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Activity: 294
Merit: 250
★777Coin.com★ Fun BTC Casino!
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July 25, 2014, 07:42:58 PM |
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If someone or some have decided to dump minerals, the introduction of anonymity will not stop them. The only chance of any crypto coin is to find external financing otherwise is doomed! The introduction of anonymity is not bad but the main objective must to be pursued!
dumpers will dump but there will be no effect if the volume is low. |
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Tam222
Member
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July 25, 2014, 07:57:42 PM |
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This is a fascinating discussion and see both sides of the argument for both risk and reward. The purist in me tells me to stay strong, Minerals has been, and will be built upon the original ethos of real world use without features that can be construed as P&D. However, Does the reward outweigh the risk? I agree that it may attract a P&D element of investors, but we as a community have been through P&D before with Mintpal add and with Bittrex before that. Even if it does attract some P&D I, (with my limited experience) would think that after a P&D Minerals would still retain a higher price than it does now, around 2k. The thought of Minerals being worth 2x 5x 10x 2k entering into the tournament is a massive plus IMO. I think we are on the cusp of something monumental, beyond the FDC launch Minerals holds a unique position of being the first 'real' real use coin. I've tried and tried to see another thats as close to acceptance as Minerals but can't. I'm actually staggered by some coins and their prices but lets not digress. In summary, I think I would favour Anon implementation as an extra feature but only if its endorsed by Minerals Dev and it does not put at risk the main objective. I have complete faith in Minerals Dev team, why wouldn't I? They have done no wrong to date!! Keep up the good work Minerals - I'm here whatever the outcome  |
MIN - MCfYhe84Sos6fsLt2SwNrZ9EAwhPaTonu8
BTC - 1DqDrHQB8x5Hh1mf1yHaUV2etRCdSbmPXB
GPC - LNVkXdNM4CpmgKAJaHh4BPiN15xdWL3Y1E
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troisky
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July 25, 2014, 08:51:30 PM |
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So will this be used in the future for esports or its just a fad? why would they use min and not btc anyway?
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shadow3277
Newbie
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Activity: 56
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July 25, 2014, 09:21:54 PM |
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So will this be used in the future for esports or its just a fad? why would they use min and not btc anyway?
btc transactions take too long to ever be considered for e-betting. If there is a match that is starting in 5 minutes, my btc isn't making it in time unless I have it parked already. |
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chinchs
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July 25, 2014, 09:24:05 PM |
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So will this be used in the future for esports or its just a fad? why would they use min and not btc anyway?
btc transactions take too long to ever be considered for e-betting. If there is a match that is starting in 5 minutes, my btc isn't making it in time unless I have it parked already. Also for micro bets it would be too expensive to use BTC |
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Amph
Legendary
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Activity: 3206
Merit: 1069
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July 25, 2014, 09:27:19 PM |
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If someone or some have decided to dump minerals, the introduction of anonymity will not stop them. The only chance of any crypto coin is to find external financing otherwise is doomed! The introduction of anonymity is not bad but the main objective must to be pursued!
it's pretty much dumped at is now, anon can only pump it form this point, then the dump can settle a new floor certainly higher than this this coin was never pumped to me, rised to what x2.5 his value? (from 3k to 8k, 500s don't count that was a very bad start) 2.5 pump is not a pump is a joke |
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Skydog
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July 25, 2014, 09:29:59 PM |
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From an outsiders perspective: can someone tell me why this coin isn't dead? The volume on MINTPAL is down to 2 btc and since the spike to 800 the coin has been in steady decline. Why should I get into this coin? It seems obvious that people don't care for this coin anymore and now its just a steady decline into oblivion. Don't get me wrong, I love the idea and the execution seems to be very good, it's just that the market seems to have spoken.
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Amph
Legendary
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Activity: 3206
Merit: 1069
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July 25, 2014, 09:33:00 PM |
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From an outsiders perspective: can someone tell me why this coin isn't dead? The volume on MINTPAL is down to 2 btc and since the spike to 800 the coin has been in steady decline. Why should I get into this coin? It seems obvious that people don't care for this coin anymore and now its just a steady decline into oblivion. Don't get me wrong, I love the idea and the execution seems to be very good, it's just that the market seems to have spoken.
if you look carefully around, every coin seems dead now, some of them(99.999...%) are buried, i think investors are scared because of the recent chinese scam coin, and big whales are waiting before their next move(last time they pumped xc, cloak wasn't a whales pump, just x 5 rise) calm before the next storm i say |
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Hoshimaru
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July 25, 2014, 09:35:59 PM |
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I think Mintpal is no reference at this point. After the Vericoin heist overall volume crashed and people moved over to Bittrex. That's also where most Minerals are traded atm with a 6.68756102 BTC volume. It's not that much, but a lot of people are just holding. Wait until after the tournament |
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Skydog
Newbie
Offline
Activity: 56
Merit: 0
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July 25, 2014, 09:36:30 PM |
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From an outsiders perspective: can someone tell me why this coin isn't dead? The volume on MINTPAL is down to 2 btc and since the spike to 800 the coin has been in steady decline. Why should I get into this coin? It seems obvious that people don't care for this coin anymore and now its just a steady decline into oblivion. Don't get me wrong, I love the idea and the execution seems to be very good, it's just that the market seems to have spoken.
if you look carefully around, every coin seems dead now, some of them(99.999...%) are buried, i think investors are scared because of the recent chinese scam coin, and big whales are waiting before their next move(last time they pumped xc, cloak wasn't a whales pump, just x 5 rise) calm before the next storm i say All coins seem dead? There are plenty of coins before minerals which are doing very well. Whats the reason minerals will come back to life? Is there anyone here that is holding minerals in significant amounts? |
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chinchs
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July 25, 2014, 09:37:44 PM |
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From an outsiders perspective: can someone tell me why this coin isn't dead? The volume on MINTPAL is down to 2 btc and since the spike to 800 the coin has been in steady decline. Why should I get into this coin? It seems obvious that people don't care for this coin anymore and now its just a steady decline into oblivion. Don't get me wrong, I love the idea and the execution seems to be very good, it's just that the market seems to have spoken.
Thinking like that could kill any Project, what if we tought like that 3 year ago about Bitcoins? Dev is working very hard on this Project, I'm concerned about value (don't wanna lie), but sometimes you need to wait, if you followed this coin, you can see milestones. For anyone who want instant cash, this is not the place. |
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Hoshimaru
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July 25, 2014, 09:49:42 PM |
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From an outsiders perspective: can someone tell me why this coin isn't dead? The volume on MINTPAL is down to 2 btc and since the spike to 800 the coin has been in steady decline. Why should I get into this coin? It seems obvious that people don't care for this coin anymore and now its just a steady decline into oblivion. Don't get me wrong, I love the idea and the execution seems to be very good, it's just that the market seems to have spoken.
Thinking like that could kill any Project, what if we tought like that 3 year ago about Bitcoins? Dev is working very hard on this Project, I'm concerned about value (don't wanna lie), but sometimes you need to wait, if you followed this coin, you can see milestones. For anyone who want instant cash, this is not the place. Don't consider it shameless advertising for my blog, but if you want to check it out, it's a summarized version of Minerals' history. The first exchange, the first simple faucet and game over to the first betting tests, the evolution it made to date and spreading awareness in the gaming community. Crayon is currently in the spotlight with an immensely important event for us, but next to RTS, a GW2 clan has noticed minerals and are using it for their internal rewards. It's by doing little things and step-by-step that this will get value over time, and most importantly keep that value. |
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Poll
