[ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained] - page 465.

sebastiebass

full member

Activity: 182

Merit: 100

Quote from: thisisit on March 31, 2014, 07:05:18 AM

say 1 have a balance of 1 mint... i have an incoming transaction of 100k mint.

then at day 15 after receive of 100k i send 2 mint out.

what happens to the coindays of the incoming transaction of 100k mint?

since 1 is debited from the 100k transaction.

coin days are reset for the remaining 99.999, right?

What you move, is what resets.
So those 99.999 coins will not have their days reset

drent301

full member

Activity: 132

Merit: 100

Thank you very much for your answer.
Looks like a win win situation to me.

Even if we would lose 20% in satoshis this year on this heavily underpriced coin, i still make profit in the future!!
Great concept, great investment!

Thanks!

thisisit

full member

Activity: 224

Merit: 100

say 1 have a balance of 1 mint... i have an incoming transaction of 100k mint.

then at day 15 after receive of 100k i send 2 mint out.

what happens to the coindays of the incoming transaction of 100k mint?

since 1 is debited from the 100k transaction.

coin days are reset for the remaining 99.999, right?

porcupine87

hero member

Activity: 546

Merit: 500

hm

Quote from: Beaverslayer on March 30, 2014, 04:16:05 PM

Quote from: porcupine87 on March 30, 2014, 04:12:41 PM

Hey, we have now 17billion coins. First year 20%, second 15, then 10 then 5%. I come to 27Billion coins. We have only 1 coin per POW, so at the best case (no POS) this would be 1mill per year.
How do we come to 70bill coins?

For each year after the fourth year Mint continues to pay out at 5% per year until all 70 billion coins are in existence.

ah thanks!

Party Hard

full member

Activity: 126

Merit: 100

Quote from: drent301 on March 31, 2014, 06:41:59 AM

I want to invest in Mintcoin, because i see a great opportunity for this coin in the future.
I don't care about those little "pumps and dumps" at these stakes.

When i leave the coins in my wallet, do i get 20% extra coins over the coins that i bought?
example: i buy 1000000 mintcoin, i receive 200K interest the first year..
And is it accumulating like a saving account? And i get 15% over that 1200000 of the previous year?

Your assumptions about interest are correct as long as you don't move your coins around. Buy them and put them in your wallet and in 20 days you'll start earning interest.

drent301

full member

Activity: 132

Merit: 100

I want to invest in Mintcoin, because i see a great opportunity for this coin in the future.
I don't care about those little "pumps and dumps" at these stakes.

When i leave the coins in my wallet, do i get 20% extra coins over the coins that i bought?
example: i buy 1000000 mintcoin, i receive 200K interest the first year..
And is it accumulating like a saving account? And i get 15% over that 1200000 of the previous year?

thisisit

full member

Activity: 224

Merit: 100

Quote from: eddy937 on March 31, 2014, 04:45:45 AM

Quote from: virtualfaqs on March 31, 2014, 04:12:52 AM

Hey. How come Mintcoin is doing so well right now?

I am curious about that too. Bitcoin was falling like a stone yesterday but mint was actually rising at the same time. It looks like mint was a better bet than bitcoin yesterday and it's the last thing I expected.

it is being manipulated... you can see it with the 90 btc buy orders. these are not real buys.

someone is just playing to get price up and tries to get everyone to follow along in the process.

btc harvesting. they pick coins with a large community for a reason. many potential btc, such profits. wow

it also helps the coin in totalmarketcap which will be noticed. so perhaps devs, some secret force at play?

ps. this is not trolling. if not interested in this post. move along...

ol92

sr. member

Activity: 445

Merit: 255

Quote from: David Latapie on March 31, 2014, 05:13:28 AM

Quote from: eddy937 on March 31, 2014, 04:45:45 AM

Quote from: virtualfaqs on March 31, 2014, 04:12:52 AM

Hey. How come Mintcoin is doing so well right now?

I am curious about that too. Bitcoin was falling like a stone yesterday but mint was actually rising at the same time. It looks like mint was a better bet than bitcoin yesterday and it's the last thing I expected.

The reality is more complex (IMHO):

Short-term: Pump. Second, there was a pump on mintcoin, yesterday. Some people, at least on the French forum, believe it is still occuring. I made my best to inform them that this is not the case, that the current price is the normal price, but the only thing I can say is that for some people, the price is inflated => they are ready to dump. That's why it is very important to not rest on our laurels and continue to propagate mintcoins ideals and actions. Dump occurs when we rest on our laurels (I am not saying that not resting on our laurels will prevent a dump, but at least it will be much less damaging).
Medium term: Cognitive biases. First, mintcoin thread, like any altcoin thread that I know of, heavily suffers from confirmation bias. As a rule of thumb, the less lines in a post, the less reliable it is - whatever it says. Also, excessive optimism is de rigueur and when something goes wrong, cognitive dissonance steps in ("yeah that's normal it is falling down, because this and that", said the one who said "to the moon" tow days ago). Better insight from posters would make the coin much less subject to "mood swing" (nxt is particularly good at avoiding this, probably because they are much less focused on price fluctuations)
Long-term: Committed community and clear message. Third, and this is the most important: the community stood still in dire times, the dev is getting more and more merchants in and our message of sustainable development is getting more and more visible. The upcoming Mintcoin Fund will further fulfill this message. This whas will matter in the end.

Please keep in mind this is just my point of view as a human being. This is not an official statement from the team.

Very good analysis!

leckey

sr. member

Activity: 434

Merit: 250

https://mintcoin-dice.com now has a betting bot available to IRC users on freenode! It's sitting in #mintcoin and #mintcoindice

To get started, you'll need to sign up and get an API key at http://mintcoin-dice.com

Then: /msg mintcoindice help for a list of commands.

Commands available are: getbalance, roll

All commands must be preceded with an API key. For example:

/msg mintcoindice your_api_key roll 50.5 10

This will bet 10 MINT at a chance of 50.5%. The bot will return with whether you won or lost, as well as profit/loss associated with the bet, and your new balance after the bet.

omahapoker

hero member

Activity: 868

Merit: 1000

Quote from: draco71 on March 31, 2014, 04:39:29 AM

Quote from: omahapoker on March 31, 2014, 04:28:54 AM

man, i post one time in the blackcoin thread and boy they don't like MINT people Cheesy

You are not honest. You went there telling them to sell their BCs in order to buy MINT. You were trolling and this is not good for MINT or any other coin.

i just went and posted my opinion, so shoot me.

David Latapie

hero member

Activity: 658

Merit: 503

Monero Core Team

Quote from: eddy937 on March 31, 2014, 04:45:45 AM

Quote from: virtualfaqs on March 31, 2014, 04:12:52 AM

Hey. How come Mintcoin is doing so well right now?

I am curious about that too. Bitcoin was falling like a stone yesterday but mint was actually rising at the same time. It looks like mint was a better bet than bitcoin yesterday and it's the last thing I expected.

The reality is more complex (IMHO):

Short-term: Pump. Second, there was a pump on mintcoin, yesterday. Some people, at least on the French forum, believe it is still occuring. I made my best to inform them that this is not the case, that the current price is the normal price, but the only thing I can say is that for some people, the price is inflated => they are ready to dump. That's why it is very important to not rest on our laurels and continue to propagate mintcoins ideals and actions. Dump occurs when we rest on our laurels (I am not saying that not resting on our laurels will prevent a dump, but at least it will be much less damaging).
Medium term: Cognitive biases. First, mintcoin thread, like any altcoin thread that I know of, heavily suffers from confirmation bias. As a rule of thumb, the less lines in a post, the less reliable it is - whatever it says. Also, excessive optimism is de rigueur and when something goes wrong, cognitive dissonance steps in ("yeah that's normal it is falling down, because this and that", said the one who said "to the moon" tow days ago). Better insight from posters would make the coin much less subject to "mood swing" (nxt is particularly good at avoiding this, probably because they are much less focused on price fluctuations)
Long-term: Committed community and clear message. Third, and this is the most important: the community stood still in dire times, the dev is getting more and more merchants in and our message of sustainable development is getting more and more visible. The upcoming Mintcoin Fund will further fulfill this message. This whas will matter in the end.

Please keep in mind this is just my point of view as a human being. This is not an official statement from the team.

dille71

full member

Activity: 210

Merit: 100

Quote from: eddy937 on March 31, 2014, 04:45:45 AM

Quote from: virtualfaqs on March 31, 2014, 04:12:52 AM

Hey. How come Mintcoin is doing so well right now?

I am curious about that too. Bitcoin was falling like a stone yesterday but mint was actually rising at the same time. It looks like mint was a better bet than bitcoin yesterday and it's the last thing I expected.

One reason could be the thunderclap thing

David Latapie

hero member

Activity: 658

Merit: 503

Monero Core Team

Some progress on the Mintcoin Fund
(crossposted on mintcointalk.com)

Yesterday, I received the premine. Mint was at 20 satoshi, I placed a buy order at sell order at 21, expecting people would buyt it (it could have been the opposite and the price going down to 19 satoshi; I am not sure I should do this again).
Today, I sent the BTC conversion to a fiat exchange (the beloved and most secure bitcoin-central.net). It should arrive in one hour and then I will place a sell order I don't know at which price yet (market price, I guess, since BTC is falling down)
Tomorrow, it will be converted in Euros and I will transfer it to my own account with SEPA transfer
On the second of April, I should receive the Euro equivalent
From then on, I will contact the French administration will all due papers. They will read the bylaws, hopefully say the bylaws are acceptable and will publish the creation on the Journal officiel (Official Registry).
At this moment, we will make a major announcement. I will announce it in advance so that you guys get prepared to a contextual pump (contextual pump = not a pump because of market manipulation but because of an external even, here the announcement). Those who wish could sell their MINT and buy them back once the pump has faded (there is the risk is doesn't fade away and so that it cost you money - i any case, it would cost you your coin age). The risk/reward ratio is pretty good IMHO, but the risk is not zero, anyway
Then I will initiate two things: First, opening up a bank account, probably in a bank which is crowdfunding-friendly (I have my sources on this). Second, I will send the fiscal administration a request for rescript, that is an written, compelling evidence that they will accept tax-reduction for the Fund. If they say "yes", great, we can start moving. If they say "no", we will be allowed some time to change the wording so that they agree with it.

So, this is the plan

eddy937

member

Activity: 61

Merit: 10

Quote from: virtualfaqs on March 31, 2014, 04:12:52 AM

Hey. How come Mintcoin is doing so well right now?

I am curious about that too. Bitcoin was falling like a stone yesterday but mint was actually rising at the same time. It looks like mint was a better bet than bitcoin yesterday and it's the last thing I expected.

draco71

member

Activity: 84

Merit: 10

Quote from: omahapoker on March 31, 2014, 04:28:54 AM

man, i post one time in the blackcoin thread and boy they don't like MINT people Cheesy

You are not honest. You went there telling them to sell their BCs in order to buy MINT. You were trolling and this is not good for MINT or any other coin.

omahapoker

hero member

Activity: 868

Merit: 1000

man, i post one time in the blackcoin thread and boy they don't like MINT people Cheesy

virtualfaqs

hero member

Activity: 700

Merit: 500

Hey. How come Mintcoin is doing so well right now?

ahhmenuts

newbie

Activity: 31

Merit: 0

Quote from: jany8293 on March 30, 2014, 10:10:06 PM

What do you guys think this domain worth, www.mintcoinstore.com ? I mean, in mintcoins, of course.

Less than 10,000 mint.

omahapoker

hero member

Activity: 868

Merit: 1000

Please MINT fans. build more gambling sites. i will promote them

WALKEN-COIN

sr. member

Activity: 269

Merit: 250

Parsec Frontiers Pre-Sale 24.01.2018

Quote from: stormia on March 31, 2014, 02:47:13 AM

Quote from: WALKEN-COIN on March 31, 2014, 02:31:01 AM

Quote from: stormia on March 31, 2014, 01:57:25 AM

Quote from: mrhollis1 on March 31, 2014, 12:22:59 AM

My home state had a tragic event and are accepting Bitcoin donations on the town website...why not Mintcoin donations?
http://town.darrington.wa.us/Landslide+Donations

I am sorry to hear that this happened :/ That is a great idea, though. Perhaps we can contact them and propose they accept mintcoins: http://town.darrington.wa.us/Contact+us

How difficult/expensive would it be for them to implement a Mintcoin payment/donation method directly on their site (I don't know these things, seems like it wouldn't be too much though)? If it would help- and this pertains to all possible charity projects- we could propose to them that we will set a community MINT donation goal, raise it at a different location than their site (e.g. raise it on the Mintcoin Foundation website) and then donate the money to them once we have reached that goal (similar to how doge4water worked). That way they wouldn't be burdened with setting up a new donation/payment method (assuming it is at all a burden, like I said I don't really know..).

Also. I was thinking, once the Mintcoin Foundation is up and running and some projects have been decided on, we could have separate donation addresses for different charity causes- this would allow individual donors to choose directly which project they support with their donations.

Edit: While I'm on topic- please consider donating to the Mintcoin Fund http://www.mintcointalk.com/index.php/topic,415.0.html !

Why not just have them download a wallet and post a big public deposit address on the website/Facebook page? Direct all marketed traffic to that address and voila.

+1. I was over thinking it. I was thinking more in terms of how difficult/costly would it be to set up a mintcoin donation button on their website like the one for bitcoin.

For some projects I still think the idea of setting specific fundraising goals and collecting donations at the mintcoin foundation site, where each cause can have its own address allowing for people to choose between the charities they want to support, and then sending out the raised funds once the goal is met would be useful (for example, for a project which requires a minimum amount of money to be raised before it can work/start). Also, I think there is something psychological about working towards and achieving a preset goal. And if we eventually have multiple charity funds being raised then it would be nice to have them in a centralized location so people can easily see and access them all. Seems like this landslide donation, and other disaster reliefs, would certainly be better implemented in the manner you just outlined because they need the money asap and any little bit will help.

This would be an excellent project for any number of non-profit start-ups. It is a logical step since people like spending little bits of their coins at colorful websites, so they might as well do it for a good cause or two, or three...those coins add up quickly when you have enough traffic.

I proposed on CleanWaterCoin's thread that they add a donation pop-up to the wallet, so that when incoming coins enter the wallet, a little pop-up asks you if you want donate a % to so-and-so public wallet fund. This would be an effective and efficient way to get funds rolling in to charity accounts (or scam artist accounts, if you aren't careful). They can even get a nice little gif and sound effect going so that people like hitting the donate button.

Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained] - page 465. (Read 1369809 times)