Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained] - page 230. (Read 1369778 times)

Also, price is finally over the 4 satoshi sell wall.

People bought into this investment because of the current terms, if you would like something different the thing to do is create your own coin, fitting your exact specifications. Changing the interest rate and coin cap in the middle of the game will just make all major holders dump so it's not going to affect the price in a positive manner to do so. It's naive to think that these changes will make the price suddenly spring from the dead.

If i decide not to dump I'll be staying with v1.10 and not following forks that change the parameters of MINT.

if anyone wants to join me in supporting the original blockchain they are welcome to

The discussion about the PoS rates is interesting, personally I think that if you think the rate is too high then you should just wait until it drops.. Mintcoin might take off in value nine months from now for example, and if you find out about it then and buy some, then you are buying in when 15% is the nominal rate. When it's 5% just think how much could be accomplished by that stage.

Just for the record, there has been no suggestion of a rollback or reverse split. At least that I'm aware of.

Limiting the approximate eventual coin cap (+ 1.5% in perpetuity) has nothing to do with rolling the coin back/reverse split.

Hello all. I'm stepping out of my stealth mode to give my 2Mintcoin opinion on this.

The 70 billion cap will not be reached for at least 40 years I'll most likely be dead by then, so it has never been a problem with me.

The current interest scheme is very reasonable and is the main reason I got into Mintcoin in the first place. Leave it the way it is.

The BIGGEST problem Mintcoin has always had, was the 700 MILLION Mintcoin Premine. This is the main reason the coin never took off. I truly believe that the Dev was always to tired and never wanted to improve the coin, because he was so busy trading 700 MILLION coins at 50 some exchanges. I can just imagine how much time and effort it took to accomplish that feat.

The most important thing to do with Mintcoin, is to start DEVELOPING features for the coin. Upgrade the wallet would be the first thing. I've said it before, and I'm going to say it again.... HAVE A LOOK AT SILKCOINS WALLET.....

Get the Android Wallet into use. This has gone on long enough. If Paspi can't complete it, find someone who can....simple as that...

I've also said it before, and again I'm going to say it again... Check into having Mintcoin included into http://keepod.org/ and have each one of their USB devices have 10,000 Mintcoins to start them off with. (This does need the Android Wallet)

All the other things you guys are talking about will require a HARD FORK and that is a VERY VERY VERY bad thing to do. Look at Saturncoin...they hard forked and reduced the total supply of coins, then exchanged 1000 old Saturncoins for 1 new Sat2 coin....that didn't work out to well for them did it?

Put together some sort of "Media Release" send it to ALL the big crypto news sites, explaining EXACTLY what happened with the original dev, and what is taking place now. Explain that the community is coming together (and has actually grown) since the dev left, and that you are developing all these new features for the coin.

I personally put a lot of time into Mintcoin from the beginning, and after reading a PM from the original dev (cryptomommy knows of this) I pretty much didn't want to be involved with him any longer, so I went into stealth mode. There was discussions months ago about having the community take over the coin (sort of a coup d etat) at that time I asked the people involved to hold off until I talked to the dev about things...at that time he was open to making changes, but he never really did anything, so the coup d etat was somewhat called off. Looking back (hindsight of course) I should have kept my mouth shut.

I still have reservations about a few things, but I do believe cryptomommy is doing a standup job. Everyone should really put some serious thought into the idea of changing the coin, and everyone should have a look at the Silkcoin wallet as well as the Keepod site.

Thanks for your time...back to stealth mode...

You are Correct: There would be a short term spike in prices.

Example: Mintcoin is reversed split by 4 and the POS rate is now 1% , so your 1 million coins are now only 250,000 and each coin is worth 4 times as much, so a few investors buy in pumping up the price , but there capital is absorbed within 2 or 3 weeks and then the price is back where it was and starting to drop, and the interest is so low that anything else is seen as a better investment, so they sell out trying not to lose their entire investment and dropping the price even lower. 1 Month out your coins are lowered than they were originally and with such low interest , you know you won't be able to get your money back, so you trade what is left of your mintcoins for another coin with a higher POS.
And MintCoin Dies.  

We have to build an economy for Mintcoin , where it has value thru virtual goods at first and then as the price rises Physical Goods. Then We Can all Be Happy.
 

Here are some ideas for MintCoin

1. Create a Market Place on the MintCoin Web Site where people can Buy Virtual Items.
Setup an escrow account to make sure transactions are complete.

Virtual Items would be things like Pics (jpgs) & Audio (Mp3) ,
Virtual Goods used in Online Video Games like Second Life
Pics could be scenery , audio could be sound effects or even music just not copyrighted
FYI: Keep it Clean & No Copyright violations

Setup a Book Site in the Market Place for aspiring writers to post a Chapter of a Story ,
Password each Chapter after the 1st one and Charge some MintCoins for the Password to each Chapter and paid the writer a percentage.

- We currently are working on something in this area as a phase 1


2. Lets pick 3  Exchanges that everyone likes and we all agreed that we only buy new coins from those exchanges , that way to bump up their Volume, we don't have to be on every exchange.

Excellent Idea - Which 3? I can make a quick edit on the website to feature them. My votes are Mintpal, Cryptsy and Poloniex
Should I create a survey for this?

3. Setup a seed catalog for small time seed sellers, and process their purchase or sale using Mintcoins.
 We can take this into consideration for phase 3 of our new project

Questions we need to ask ourselves, What would we spend money on and how do we make Mintcoin a Part of it.

If we want MintCoin to be an economy, then we have to create it.
 


 

if you reduce number of total coins price will go up.or reduce stake.and demand will be higher..

Also new features and promotions and support of community

lm holding 1 mil , l like this coin..

if you reduce number of total coins price will go up.or reduce stake.and demand will be higher..

And Contact Some of the Online Game Developers , that are real time and have internet access.
Ask them if they would like to have a Coin that can be used in their game that actually gains interest and they could even make it part of their game ways to earn more mintcoin and link to our virtual goods store or they could create their own. The community could donate Say a Million coins to 1 or 2 Online Game Developers.
But 1 requirement would be that in the game the Mintcoin Wallet is Functional and earns interest.

Please add any other suggestions.
 

I can assure you, if the coin was at 1 satoshi for any period longer than 2 - 3 months, it's unlikely there would be an exchange to sell your coins on.

Cryptomommy is pulling out all stops to "rescue" us. If she says there are potential investors out there but there is concern over the large eventual coin cap, I'd listen and seriously consider what she's saying.

If the coin cap isn't an issue, why would new investors be raising it as an impediment to investing? It obviously is an issue for them.

Here are some ideas for MintCoin

1. Create a Market Place on the MintCoin Web Site where people can Buy Virtual Items.
Setup an escrow account to make sure transactions are complete.

Virtual Items would be things like Pics (jpgs) & Audio (Mp3) ,
Virtual Goods used in Online Video Games like Second Life
Pics could be scenery , audio could be sound effects or even music just not copyrighted
FYI: Keep it Clean & No Copyright violations

Setup a Book Site in the Market Place for aspiring writers to post a Chapter of a Story ,
Password each Chapter after the 1st one and Charge some MintCoins for the Password to each Chapter and paid the writer a percentage.


2. Lets pick 3  Exchanges that everyone likes and we all agreed that we only buy new coins from those exchanges , that way to bump up their Volume, we don't have to be on every exchange.

3. Setup a seed catalog for small time seed sellers, and process their purchase or sale using Mintcoins.
 

Questions we need to ask ourselves, What would we spend money on and how do we make Mintcoin a Part of it.

If we want MintCoin to be an economy, then we have to create it.
 


 

Here are some ideas for MintCoin

1. Create a Market Place on the MintCoin Web Site where people can Buy Virtual Items.
Setup an escrow account to make sure transactions are complete.

Virtual Items would be things like Pics (jpgs) & Audio (Mp3) ,
Virtual Goods used in Online Video Games like Second Life
Pics could be scenery , audio could be sound effects or even music just not copyrighted
FYI: Keep it Clean & No Copyright violations

Setup a Book Site in the Market Place for aspiring writers to post a Chapter of a Story ,
Password each Chapter after the 1st one and Charge some MintCoins for the Password to each Chapter and paid the writer a percentage.


2. Lets pick 3  Exchanges that everyone likes and we all agreed that we only buy new coins from those exchanges , that way to bump up their Volume, we don't have to be on every exchange.

3. Setup a seed catalog for small time seed sellers, and process their purchase or sale using Mintcoins.
 

Questions we need to ask ourselves, What would we spend money on and how do we make Mintcoin a Part of it.

If we want MintCoin to be an economy, then we have to create it.
 

You've earned...IGNORE