As soon as the Android wallet is available, we will organize a big giveaway! Everyone posting a screenshot of their phone along with their address on Twitter, FB or Reddit will receive coins!
Excellent idea!
Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained] - page 290. (Read 1369806 times)
May 29, 2014, 12:36:45 AM
Excellent idea!
May 29, 2014, 12:35:43 AM
Android wallet update 7:
Yup! There are some remaining issues and rough edges to fix before a release, but the first native POS wallet is now working on an android phone, receiving and sending transactions.
Blockchain:
http://mint.blockx.info/get/address/MkgjPqmUqsYYpy8jS32fxLzSerryFSH3Ta
Yup! There are some remaining issues and rough edges to fix before a release, but the first native POS wallet is now working on an android phone, receiving and sending transactions.
Blockchain:
http://mint.blockx.info/get/address/MkgjPqmUqsYYpy8jS32fxLzSerryFSH3Ta
Android wallet update 6:
Good news!
The following is the first transaction ever received and forwarded by mintcoinj
http://mint.blockx.info/get/tx/68fec0ad06a76d1d37de929e14b6ad6d17352b715de4f5bcce648333e9bc4a9c
Good news!
The following is the first transaction ever received and forwarded by mintcoinj
http://mint.blockx.info/get/tx/68fec0ad06a76d1d37de929e14b6ad6d17352b715de4f5bcce648333e9bc4a9c
Persistence pays off! Well done and thanks for the communication.
May 28, 2014, 08:19:23 PM
Quote from: dille71
But as i said i have some ideas how to simplify it..
Can you share some more details and how you plan to simplify it? I think that it actually being over complicated a bit and coin age isn't relevant when you're dealing with exchanges anyways because they're constantly moving the coins back and forth between their own wallet and therefore there's no real way to see how much each person has earned regardless
Posted From bitcointalk.org Android App
One have to require people to not move their coins in a certain time period that is a couple of days more then minimum coin age to ensure they stake. Maybe 30 days. If they move them before no interrest is payed.
Yeah, the problem is exchanges don't keep coins in the same addresses you deposit them into. ie.
I make a deposit of 100k MINT right now. That's put in Address A.
Later on, when the hotwallet hits 500k (due to 4 other depositors), 350k coins are going to be moved to the exchange's cold wallet, Address F (including coins of mine, B, C, D and E)
From time to time the hot wallet will need replenished. This means coins are moving back from F to another address for sending out.
When we make the deposits is irrelevant because the exchange is going to be shifting things back and forth between hot/cold wallets and addresses for paying out.
May 28, 2014, 07:50:42 PM
This is an awesome update!
How difficult would it be to create a QR scanner app in the design of Mintcoin?
Would be another cross promo avenue... if possible.
What do you mean? Wallet currently has a built-in QR scanner (provided by another application I suppose), and it doesn't have any branding on it -- just a full screen camera view.How difficult would it be to create a QR scanner app in the design of Mintcoin?
Would be another cross promo avenue... if possible.
Yes but the wallet QR is only for the wallet right?
Creating a MintCoin QR branded app that can be used for general QR purpose would be another item that promotes (reminds people) Mintcoin.
Recreating a Mintcoin brand on like currently highly used apps in general would do the same. Creating functionality out of the mintcoin brand outside of the currently small Altcoin adapted community of which Mintcoin is again just a part of. Spreading the brand and expanding the reach...
Just a thought.
May 28, 2014, 06:16:14 PM
Quote from: dille71
But as i said i have some ideas how to simplify it..
Can you share some more details and how you plan to simplify it? I think that it actually being over complicated a bit and coin age isn't relevant when you're dealing with exchanges anyways because they're constantly moving the coins back and forth between their own wallet and therefore there's no real way to see how much each person has earned regardless
Posted From bitcointalk.org Android App
One have to require people to not move their coins in a certain time period that is a couple of days more then minimum coin age to ensure they stake. Maybe 30 days. If they move them before no interrest is payed.
May 28, 2014, 05:26:02 PM
Quote from: dille71
But as i said i have some ideas how to simplify it..
Can you share some more details and how you plan to simplify it? I think that it actually being over complicated a bit and coin age isn't relevant when you're dealing with exchanges anyways because they're constantly moving the coins back and forth between their own wallet and therefore there's no real way to see how much each person has earned regardless
Posted From bitcointalk.org Android App
May 28, 2014, 05:16:47 PM
But as i said i have some ideas how to simplify it..
May 28, 2014, 05:15:08 PM
Quote from: dille71
Quote from: Jeff Jefferson on May 27, 2014, 11:18:32 AM
hey guys, what about a MINTCOIN ONLINE BANK?
a simple site where you can login with an email and a password (possible anonymously using Tor). There you have your own Mintcoin account where you can send money to or withdraw money.
behind all this is a person/dev/institution/fund with a huge wallet running 24/7. they can charge you a bit for running the Bank but you will still get your annual interest.
advantages:
- simple for average users
- don't worry about your wallet not minting, wrong wallet, slow wallet or energy costs
- accessable via any PC, smartphone, tablet (also the apple products)
- anonymous
disadvantages:
- you have to trust the organisation/people running the bank
- network security (i still think a lot of people would run their own wallets)
I hope some people are interested in discussing this suggestion. I would give a LOT of my Mints as a bounty if this is really developed. I think it's even better than the android wallet.
Cheers
I think its a great idea! I have been thinking about this myself for some time now since i read that many people have their mints on exchanges because they dont want to install a wallet.
The problem i see is how to keep track of whos coins have minted and how mutch but i do have some ideas how to simplify this.
I might build something just to try it out..
hey guys, what about a MINTCOIN ONLINE BANK?
a simple site where you can login with an email and a password (possible anonymously using Tor). There you have your own Mintcoin account where you can send money to or withdraw money.
behind all this is a person/dev/institution/fund with a huge wallet running 24/7. they can charge you a bit for running the Bank but you will still get your annual interest.
advantages:
- simple for average users
- don't worry about your wallet not minting, wrong wallet, slow wallet or energy costs
- accessable via any PC, smartphone, tablet (also the apple products)
- anonymous
disadvantages:
- you have to trust the organisation/people running the bank
- network security (i still think a lot of people would run their own wallets)
I hope some people are interested in discussing this suggestion. I would give a LOT of my Mints as a bounty if this is really developed. I think it's even better than the android wallet.
Cheers
I think its a great idea! I have been thinking about this myself for some time now since i read that many people have their mints on exchanges because they dont want to install a wallet.
The problem i see is how to keep track of whos coins have minted and how mutch but i do have some ideas how to simplify this.
I might build something just to try it out..
The minting is easy enough. Just pay out minted coins relative to the deposits. It's the wallet that mints, so this is both fair and simple.
Posted From bitcointalk.org Android App
May 28, 2014, 05:03:20 PM
Quote from: dille71
Quote from: Jeff Jefferson on May 27, 2014, 11:18:32 AM
hey guys, what about a MINTCOIN ONLINE BANK?
a simple site where you can login with an email and a password (possible anonymously using Tor). There you have your own Mintcoin account where you can send money to or withdraw money.
behind all this is a person/dev/institution/fund with a huge wallet running 24/7. they can charge you a bit for running the Bank but you will still get your annual interest.
advantages:
- simple for average users
- don't worry about your wallet not minting, wrong wallet, slow wallet or energy costs
- accessable via any PC, smartphone, tablet (also the apple products)
- anonymous
disadvantages:
- you have to trust the organisation/people running the bank
- network security (i still think a lot of people would run their own wallets)
I hope some people are interested in discussing this suggestion. I would give a LOT of my Mints as a bounty if this is really developed. I think it's even better than the android wallet.
Cheers
I think its a great idea! I have been thinking about this myself for some time now since i read that many people have their mints on exchanges because they dont want to install a wallet.
The problem i see is how to keep track of whos coins have minted and how mutch but i do have some ideas how to simplify this.
I might build something just to try it out..
hey guys, what about a MINTCOIN ONLINE BANK?
a simple site where you can login with an email and a password (possible anonymously using Tor). There you have your own Mintcoin account where you can send money to or withdraw money.
behind all this is a person/dev/institution/fund with a huge wallet running 24/7. they can charge you a bit for running the Bank but you will still get your annual interest.
advantages:
- simple for average users
- don't worry about your wallet not minting, wrong wallet, slow wallet or energy costs
- accessable via any PC, smartphone, tablet (also the apple products)
- anonymous
disadvantages:
- you have to trust the organisation/people running the bank
- network security (i still think a lot of people would run their own wallets)
I hope some people are interested in discussing this suggestion. I would give a LOT of my Mints as a bounty if this is really developed. I think it's even better than the android wallet.
Cheers
I think its a great idea! I have been thinking about this myself for some time now since i read that many people have their mints on exchanges because they dont want to install a wallet.
The problem i see is how to keep track of whos coins have minted and how mutch but i do have some ideas how to simplify this.
I might build something just to try it out..
The minting is easy enough. Just pay out minted coins relative to the deposits. It's the wallet that mints, so this is both fair and simple.
Posted From bitcointalk.org Android App
May 28, 2014, 04:46:16 PM
hey guys, what about a MINTCOIN ONLINE BANK?
a simple site where you can login with an email and a password (possible anonymously using Tor). There you have your own Mintcoin account where you can send money to or withdraw money.
behind all this is a person/dev/institution/fund with a huge wallet running 24/7. they can charge you a bit for running the Bank but you will still get your annual interest.
advantages:
- simple for average users
- don't worry about your wallet not minting, wrong wallet, slow wallet or energy costs
- accessable via any PC, smartphone, tablet (also the apple products)
- anonymous
disadvantages:
- you have to trust the organisation/people running the bank
- network security (i still think a lot of people would run their own wallets)
I hope some people are interested in discussing this suggestion. I would give a LOT of my Mints as a bounty if this is really developed. I think it's even better than the android wallet.
Cheers
I think its a great idea! I have been thinking about this myself for some time now since i read that many people have their mints on exchanges because they dont want to install a wallet.a simple site where you can login with an email and a password (possible anonymously using Tor). There you have your own Mintcoin account where you can send money to or withdraw money.
behind all this is a person/dev/institution/fund with a huge wallet running 24/7. they can charge you a bit for running the Bank but you will still get your annual interest.
advantages:
- simple for average users
- don't worry about your wallet not minting, wrong wallet, slow wallet or energy costs
- accessable via any PC, smartphone, tablet (also the apple products)
- anonymous
disadvantages:
- you have to trust the organisation/people running the bank
- network security (i still think a lot of people would run their own wallets)
I hope some people are interested in discussing this suggestion. I would give a LOT of my Mints as a bounty if this is really developed. I think it's even better than the android wallet.
Cheers
The problem i see is how to keep track of whos coins have minted and how mutch but i do have some ideas how to simplify this.
I might build something just to try it out..
May 28, 2014, 04:10:22 PM
"...an active team edits the crap out of their ANN Thread on a regular basis so information is not outdated for those who are researching the coin. People who currently research Mintcoin as a possible investment are going to find tons of dead links and a dead website. What’s the chance they’ll want to push their BTC into Mintcoin in that condition?"
The website is back up, what's more you could flag any dead links in the OP rather than quote an old complaint made by someone else.
Looking forward to the Android Wallet!
none of the merchant sites I checked were broken links, this is just FUD
Then that article is spitting out FUD left and right... it said most of the links were 404 errors... hmmm.
Someone should go through all of them and remove the dead once.
Allso one other multipool should be added. Im on my cellphone right now and dont remember the url but its in here a couple of pages back.
Pretty good pool! Pays out really good!
May 28, 2014, 03:58:49 PM
up
May 28, 2014, 03:48:23 PM
"...an active team edits the crap out of their ANN Thread on a regular basis so information is not outdated for those who are researching the coin. People who currently research Mintcoin as a possible investment are going to find tons of dead links and a dead website. What’s the chance they’ll want to push their BTC into Mintcoin in that condition?"
The website is back up, what's more you could flag any dead links in the OP rather than quote an old complaint made by someone else.
Looking forward to the Android Wallet!
none of the merchant sites I checked were broken links, this is just FUD
Then that article is spitting out FUD left and right... it said most of the links were 404 errors... hmmm.
May 28, 2014, 03:37:42 PM
While Mintcoin is still cheap, im gonna buy some this weekend.
Increase my holdings, and get some more interest this year.
And I see the mintcoin team has played it smart, holding the premine for some good actions for the coin.
Increase my holdings, and get some more interest this year.
And I see the mintcoin team has played it smart, holding the premine for some good actions for the coin.
May 28, 2014, 03:33:27 PM
How is the MINT android app coming along? I would be interested in reading how it was implemented as a lightweight wallet due to the pos difficulties.
May 28, 2014, 03:30:34 PM
why aren't exchanges actually minting? is it included in the protocol? 
of course centralization will be gained by such a bank but i think there are still a lot of people who will still use their own wallets.
the idea is just a centralized web wallet. no lending or selling financial products. 15-20% interest rate annually is already more than any bank can offer.
of course centralization will be gained by such a bank but i think there are still a lot of people who will still use their own wallets.
the idea is just a centralized web wallet. no lending or selling financial products. 15-20% interest rate annually is already more than any bank can offer.
Exchanges don't mint because it would create a fractional reserve. If everyone wanted to withdraw at once, they couldn't because coins would be reserved for the minting process. This would cause issues.
Fractional Reserve banking is when a bank only has to have a fraction of the funds on hand that it is lending. Since an exchange doesn't lend money your claim is ridiculous.
However it is clear that most people aren't ready for cryptos. The point of it is to get away from banks etc, not recreate the mainstream financial system on a small scale.
I will suggest you read up on what it means on Wikipedia or some other resource. This is quite literally exactly what minting does:
I have 1500 coins. I am staking 1000 of them (lending them to the blockchain to be added into a new block). If someone wants to withdraw 1500 coins, they can't because I don't HAVE 1500; I only have 500. I have to wait until the rest are returned from the blockchain/minting process before they can be sent out again.
POS staking is only temporary unavailability and if POS were anyway analogous to FRB you WOULD be able to withdraw those coins during minting, in effect creating money from nothing.
Instead the unavailability of staked funds is for a short duration only, the stake is returned to your wallet within minutes, AND since the stake cannot be "loaned" (withdrawn actually) during the staking process when the funds would be in "reserve" it is totally unlike fractional reserve banking which requires that loans exceeding the reserve be made.
the minting process is analogous to POW mining, funds received from minting are recompense for securing the blockchain and has absolutely nothing to do with lending practices such as fractional reserve banking.
how long are the coins actually staked? 5-10 minutes? that's not that bad.
actually i'm not talking about a bank in the sense of a financial institution. what i am suggesting is in fact an online wallet which makes it easier for people to start with mintcoins. i think such a thing is crucial for the mass adoption. the strongest argument for using mintcoins are the high interest rates. i think we should focus on that and make it as easy as possible for new investors.
also i think we shouldn't make things to difficult legally by including a fiat exchange. that's really complicated on many levels. i think a big wallet people put their mintcoins into is legally absolutely clean. just private persons putting their cryptos in a wallet. nothing more. AND it can be done anonymously which seems to be a BIG point right now.
May 28, 2014, 03:15:06 PM
"...an active team edits the crap out of their ANN Thread on a regular basis so information is not outdated for those who are researching the coin. People who currently research Mintcoin as a possible investment are going to find tons of dead links and a dead website. What’s the chance they’ll want to push their BTC into Mintcoin in that condition?"
The website is back up, what's more you could flag any dead links in the OP rather than quote an old complaint made by someone else.
Looking forward to the Android Wallet!
none of the merchant sites I checked were broken links, this is just FUD
Oh boy! You can never have enough:
May 28, 2014, 03:03:07 PM
"...an active team edits the crap out of their ANN Thread on a regular basis so information is not outdated for those who are researching the coin. People who currently research Mintcoin as a possible investment are going to find tons of dead links and a dead website. What’s the chance they’ll want to push their BTC into Mintcoin in that condition?"
The website is back up, what's more you could flag any dead links in the OP rather than quote an old complaint made by someone else.
Looking forward to the Android Wallet!
none of the merchant sites I checked were broken links, this is just FUD
May 28, 2014, 03:01:14 PM
why aren't exchanges actually minting? is it included in the protocol?
of course centralization will be gained by such a bank but i think there are still a lot of people who will still use their own wallets.
the idea is just a centralized web wallet. no lending or selling financial products. 15-20% interest rate annually is already more than any bank can offer.
of course centralization will be gained by such a bank but i think there are still a lot of people who will still use their own wallets.
the idea is just a centralized web wallet. no lending or selling financial products. 15-20% interest rate annually is already more than any bank can offer.
Exchanges don't mint because it would create a fractional reserve. If everyone wanted to withdraw at once, they couldn't because coins would be reserved for the minting process. This would cause issues.
Fractional Reserve banking is when a bank only has to have a fraction of the funds on hand that it is lending. Since an exchange doesn't lend money your claim is ridiculous.
However it is clear that most people aren't ready for cryptos. The point of it is to get away from banks etc, not recreate the mainstream financial system on a small scale.
I will suggest you read up on what it means on Wikipedia or some other resource. This is quite literally exactly what minting does:
I have 1500 coins. I am staking 1000 of them (lending them to the blockchain to be added into a new block). If someone wants to withdraw 1500 coins, they can't because I don't HAVE 1500; I only have 500. I have to wait until the rest are returned from the blockchain/minting process before they can be sent out again.
POS staking is only temporary unavailability and if POS were anyway analogous to FRB you WOULD be able to withdraw those coins during minting, in effect creating money from nothing.
Instead the unavailability of staked funds is for a short duration only, the stake is returned to your wallet within minutes, AND since the stake cannot be "loaned" (withdrawn actually) during the staking process when the funds would be in "reserve" it is totally unlike fractional reserve banking which requires that loans exceeding the reserve be made.
the minting process is analogous to POW mining, funds received from minting are recompense for securing the blockchain and has absolutely nothing to do with lending practices such as fractional reserve banking.
May 28, 2014, 02:32:02 PM
"...an active team edits the crap out of their ANN Thread on a regular basis so information is not outdated for those who are researching the coin. People who currently research Mintcoin as a possible investment are going to find tons of dead links and a dead website. What’s the chance they’ll want to push their BTC into Mintcoin in that condition?"
The website is back up, what's more you could flag any dead links in the OP rather than quote an old complaint made by someone else.
Looking forward to the Android Wallet!
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