Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained] - page 363. (Read 1369778 times)

-Mintcoin already has 45 merchants
-We are listed on all major alt coin exchanges, AND Bitcoin exchange Vault of Satoshi
-Coin control in latest wallet
-Android coming soon
-Foundation in place
-Pays 20% interest 1st year, 15% 2nd, 10%, and then 5% per year until cap of 70 Billion. Get paid every 20 days   

Yes, I actually agree to that. I would not mind paying a "donation" if I was ahead in my investment, but I have not minted anything yet and the price has only gone down since i bought in. I think that being added to coinkite right now is not the most important thing right, I think it is more important to advertize MINT and explain the concept of PoS - and have more people buying into MINT.

hit up the 100+ million accounts. Its ridiculous to ask for donations from users that have modest holdings from something like this.

so how much are the last two noob accounts who posted going to be donating?

Regarding the CoinKite issue and whether or not it is "Sketchy" or is a "Scam" or some weird way of doing business in the crypto world. If you don't already know, CoinKite is a Canadian registered business the same as Vault of Satoshi and therefore is REGULATED by the Canadian Government the same way that a bank in Canada is regulated.

CoinKite already has been providing there POS terminals to retailers all over the World for some time now and accepting Bitcoin and Litecoin as payment for goods and services. CoinKite DOES NOT NEED MINTCOIN, MINTCOIN NEEDS COINKITE.

The reasoning behind them asking coin communities to donate coins to them, has nothing, I Repeat Nothing, to do with bribing them, it has everything to do with the coins community proving to them that there is a viable, strong and dedicated community behind any coin they do decide to include in their service. The cost associated with writing the code and testing it so that it will work flawlessly on their system has to be paid for somehow, and they are asking for the coins help in doing this.

We as a community have already banded together and raised Mintcoin for the development of an Android wallet, and those Mintcoins will be payed out to the person or persons that does this, there is no difference from this, or donating to CoinKite.
The 25% or more that is not used for development is then given to a charity of their choice...WIN WIN situation here.

The argument I read about Visa asking their users to give them money to develop a credit card system is lame at best. In the early days, way back then, the people that created the idea of credit cards for consumers would have asked "Investors" to give them money to develop the framework and such for Visa to be brought to fruition. Yes, Visa would have most likely have given them future stock options or such, with CoinKite, Mintcoin as a community investor, would reap the GREAT benefits of this service as our future stock options.

Think of why the Blackcoin community or some of the bagholders donated the large sum of BC to get onto CoinKite. Do you actually think they did it just to help pump their coin? Of course they did not, they did it because they realize the importance of having such a service backing their coin.

The Mintcoin community has got to really start coming together and working together to get things like this a part of Mintcoin, just sitting around waiting and asking why the price hasn't gone up in over a month, is not the way to increase the value of Mintcoin, or any other coin for that matter. The developer of Mintcoin has shown he is dedicated to Mintcoin by getting Mintcoin accepted on over 20 exchanges and 30 retail goods/services providers. I myself did quite a bit of work on getting Mintcoin onto the Moolah platform. We cannot, as a community just sit back and wait for the next person to take charge, we have to work together, as a team, as a COMMUNITY.

Just go have a look at what Dogecoin has done through their community, they have done wonders, and EVERY ONE of the things they have done, has grown their community and raised their value. I can just imagine when their NASCAR car hits the track just how widespread Dogecoin will be. You do realize just how BIG NASCAR is in the USA....right? This is what a community does to help their cause along.

I have contacted them via email, as shown in the previously posted message, but it is Good Friday today and this is a holiday here in Canada, so I don't suspect I will hear back from then until Monday or Tuesday.

I'm not asking for you to send 10 Million Mintcoins to them, unless the need strikes you too, send what you can, help the community attain the things that will make OUR coin grow.

Mintcoin has been GIVING you new coins since going pure PoS, maybe it's time to give some of them back to Mintcoin.

Thank you for the time it took you all to read this post, it is appreciated.

Another thought on this Coinkite topic:

Coinkite will act like a Bitcoin bank. Bitcoin was designed to avoid this, but the tech to do so is not yet installed (android/mobile wallet device-to-register apps). It is coming very soon, but is not installed. Will you want to adopt "bank-like" ways of using the currency in the meantime, or just wait it out?

On their website, under the Security FAQ, there is nothing there that tells me they could not "disappear" coins if they wanted to, just like Mt. Gox. If the wallet.dat is on THEIR hard drive, they have you by the balls, bottom line. I am not suggesting that is what they will do, but I have seen so much shady shit go down in the last 5 months that it is a valid point to address every single time you are hovering over the "Send" button on your wallet.

This is a lot like the gold rush, when "gold to cash" or "gold to goods" services were offered at exorbitant prices by a handful of traveling/connected merchants. Mining camps bid for the rights to "first service" of new equipment and news, knowing that the guy who got the drop on the others usually made out best. The people who mine for coins know this, and now all the traders wanting to see prices rise on their coins due to new adoption are finding it out as well.

Usually, the merchant has to sell to the customer. Occasionally, when demand is huge, customers have to bid to merchants. This is not a good place to be as a customer, so it is best to look at what the merchants are doing and figure out how to make money off of it.

This is a pretty darn active "Mining camp", and I would not be surprised in the least if it attracted the eyes of the merchants and financial services/money-handlers, who will all want a piece of this action.

I would not put all my BTC in MINT unless I was very confident it must rise in value under current conditions. I do not know how well COINKITE will do in the short, mid or long term, but as long as their system was well tested, secure and reliable, they could bring widespread visibility amongst early adopters of this kind of technology. I don't think it will make MINTCOIN go to the moon on its own, but it will help if there is an incentive in the future to use MINTCOIN instead of USD/DEBIT/CREDIT, and that incentive will be LOWER FEES/NO BANK INVOLVED.

Future competitors will offer even lower fees in hopes of undercutting CoinKite, and that will be good for everyone else.

Could you maybe explain to me as well as the others just how you envision that teenager buying that nudie magazine at the local gas station with his Mintcoins, if there is nothing easily provided for them to do so? This will give then the opportunity to buy that magazine as well as the chocolate bar, and also give the owner of the gas station a secure and viable way of accepting them.

I do not have it backwards in any way shape or form. Yes CoinKite will make money through the services they provide to retailers...over many years...

I challenge you or any other doubters to go online, find a company that is in the business of developing software/hardware to implement any service for businesses. Ask them if they will spend the time and money to develop specific software and hardware, then test such to be sure it's workable....for FREE....in the hopes that in the future they can make some money off of it.

Even the post a page back about the Android wallet from roxio.io, have a look at their website, they charge a minimum $10,000.00 USD to develop a crypto coin exchange for anyone that's interested. These are not BRIBES, it is the Cost of doing Business....simple as that.

Sorta thinking outside the box right now, but is there a business infrastructure, a simple one that can bypass Coinkite?

Can an Android app be made that a retailer or merchant at the point of sale can use to enter the price of a latte into the smart device, then it will query Vault of Satoshi's exchange for the exchange rate, then list a price in MINT with a QR code?

Sorta, like a quick combined app. There will be a retailer version for retailers to sell things. There will also be a buyer or consumer's version of the app where it will replicate whatever Coinkite does with their transactions and the PIN for security?

Coinkite created a way to link retail customers with Bitcoin. They are but one of the first of what is sure to be a quickly evolving market.

Coinkite will make money by charging fees to retailers per transaction, and/or leasing of equipment, extra/premium services etc. (It will be up to the retailer if they want to "charge back" those fees to the customer by raising their prices or requiring a "Point of sale" fee, or basically, an ATM/Credit card type fee, but the BTC fees SHOULD be much lower than VISA fees, for example.)

So, Coinkite will get rich from linking consumers and sellers. That is where they make money. Just like a bank/credit card company, but without that pesky interest problem.

So should Coinkite charge alt-currency users to get their currency adopted? Of course not. That is ludicrous. it is like VISA telling China it's citizens all have to give it a few bucks or they don't get to use VISA. They are sketchy as hell for even trying it, and are sure to continue screwing customers in the future with retarded fees and such, just like every other company who is trying to make money off of Bitcoin. This is all about making money, not being super duper nice to each other all the time.

I, for one, don't care enough about the shady-ness to suggest shrugging off Coinkite. I likely won't be USING Coinkite, I just want to see MINTCOIN being used by teenagers at the local gas station to buy candy bars and nudie mags. Combine this with phone wallets, and you get adoption. Adoption equals value.

Again, giving them your money is like bidding on a promising gold claim, except you don't get to keep your money if you lose. That is why I would not give away more than a small bit of my coin stash in hopes that they see some donations, take a good look at the coin, and begin to see the coin as a valuable commodity to be traded with, thus making them lots of money in the mid to long term. They know that they can't make any money without accepting coins, so this is a real possibility.

Don't give them a bunch of your coins. Give them a few (if you are gong to give them any at all) to show you "voted". That is what counts; the support and community numbers. If they can't see that, you KNOW the competition eventually will.