Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained] - page 524. (Read 1369778 times)
March 22, 2014, 03:37:05 PM
reforestation? are you kidding me?
March 22, 2014, 03:34:57 PM
what i mean to say is: corporations will donate directly to charities, without going over the mintcoin foundation( fund ). how are you going to change this? what is the unique value? trying to figure out if i should invest or not.
Exactly like a startup tries to succeed in a crowded environment: find a way to be unique, like, for instance, actually donating money to a project.Example: the Northern California reforestation effort could get a matching contribution from the State (tokyopotato for details). Small project, small but actual money. The community echoes this and look for other projets, whilst in the meantime our beloved dev continue getting merchant adoption.
March 22, 2014, 03:31:38 PM
To be clear:
1 . The Fund is not registered yet. Monday, I will go to the administration and get it registered (it will take one month to take effect)
2. It will be registered as in "if something goes wrong, the person held accountable can go to jail". Guess who will be this person? That should give you an idea of my commitment.
3. The higher the mintcoin price, the less of the premine will have to be used (nah, the French administration won't accept mintcoins
)
1 . The Fund is not registered yet. Monday, I will go to the administration and get it registered (it will take one month to take effect)
2. It will be registered as in "if something goes wrong, the person held accountable can go to jail". Guess who will be this person? That should give you an idea of my commitment.
3. The higher the mintcoin price, the less of the premine will have to be used (nah, the French administration won't accept mintcoins
)ah and how are you going to provide transparency? are you going to open books? is the administration public?
"if something goes wrong, the person held accountable can go to jail" if you loose say 10-100million mint.
you cant go to jail? since it is not a currency.. or commodity for that matter.
March 22, 2014, 03:27:56 PM
One thing that may not be clear for everyone: we are talking about an officially sanctionned, legally-recognised Fund under the French jurisdiction (with all the tax-deductible thing also). Not a Facebook fan page or the like.
If you want to read (or stress-test) the bylaws, follow the mintcointalk page link above.
This is good because it means individuals and corporations can save millions in taxes by being involved with the endowment fund for charity (legally).If you want to read (or stress-test) the bylaws, follow the mintcointalk page link above.
If legally REGISTERED with French authorities (meaning individuals are held accountable and responsible for said actions ) this is great news.
If it's not a registered fund or foundation, doesn't mean much.
So the question was " Is it a registered fund or foundation? ". Simple yes or no answer will do.
March 22, 2014, 03:24:43 PM
To be clear:
1 . The Fund is not registered yet. Monday, I will go to the administration and get it registered (it will take one month to take effect)
2. It will be registered as in "if something goes wrong, the person held accountable can go to jail". Guess who will be this person? That should give you an idea of my commitment.
3. The higher the mintcoin price, the less of the premine will have to be used (nah, the French administration won't accept mintcoins)
1 . The Fund is not registered yet. Monday, I will go to the administration and get it registered (it will take one month to take effect)
2. It will be registered as in "if something goes wrong, the person held accountable can go to jail". Guess who will be this person? That should give you an idea of my commitment.
3. The higher the mintcoin price, the less of the premine will have to be used (nah, the French administration won't accept mintcoins
) March 22, 2014, 03:18:27 PM
One thing that may not be clear for everyone: we are talking about an officially sanctionned, legally-recognised Fund under the French jurisdiction (with all the tax-deductible thing also). Not a Facebook fan page or the like.
If you want to read (or stress-test) the bylaws, follow the mintcointalk page link above.
This is good because it means individuals and corporations can save millions in taxes by being involved with the endowment fund for charity (legally).If you want to read (or stress-test) the bylaws, follow the mintcointalk page link above.
why would these corporations not donate directly in fiat? the whole cryptocurrency thing is about not having to pay tax. only when the fund is converted back to fiat ( depends by whom ) taxes may/maynot be paid. depends on organisation structure. i cannot see why there would be a need to register this fund officially. can someone elaborate/explain.
what i mean to say is: corporations will donate directly to charities, without going over the mintcoin foundation( fund ). how are you going to change this? what is the unique value? trying to figure out if i should invest or not. all is very vague. launching a fund is one thing, actually getting it being used is a second thing.
March 22, 2014, 03:16:36 PM
One thing that may not be clear for everyone: we are talking about an officially sanctionned, legally-recognised Fund under the French jurisdiction (with all the tax-deductible thing also). Not a Facebook fan page or the like.
If you want to read (or stress-test) the bylaws, follow the mintcointalk page link above.
This is good because it means individuals and corporations can save millions in taxes by being involved with the endowment fund for charity (legally).If you want to read (or stress-test) the bylaws, follow the mintcointalk page link above.
David, can you clarify one thing please. You state the fund is officially sanctioned and legally recognized, are you saying it is LEGALLY REGISTERED with French authorities? This is what's implied.
If legally REGISTERED with French authorities (meaning individuals are held accountable and responsible for said actions ) this is great news.
If it's not a registered fund or foundation, doesn't mean much.
Yes. We need to get it registered asap. When will it be registered?
March 22, 2014, 03:15:04 PM
One thing that may not be clear for everyone: we are talking about an officially sanctionned, legally-recognised Fund under the French jurisdiction (with all the tax-deductible thing also). Not a Facebook fan page or the like.
If you want to read (or stress-test) the bylaws, follow the mintcointalk page link above.
This is good because it means individuals and corporations can save millions in taxes by being involved with the endowment fund for charity (legally).If you want to read (or stress-test) the bylaws, follow the mintcointalk page link above.
why would these corporations not donate directly in fiat? the whole cryptocurrency thing is about not having to pay tax. only when the fund is converted back to fiat ( depends by whom ) taxes may/maynot be paid. depends on organisation structure. i cannot see why there would be a need to register this fund officially. can someone elaborate/explain.
March 22, 2014, 03:14:59 PM
One thing that may not be clear for everyone: we are talking about an officially sanctionned, legally-recognised Fund under the French jurisdiction (with all the tax-deductible thing also). Not a Facebook fan page or the like.
If you want to read (or stress-test) the bylaws, follow the mintcointalk page link above.
This is good because it means individuals and corporations can save millions in taxes by being involved with the endowment fund for charity (legally).If you want to read (or stress-test) the bylaws, follow the mintcointalk page link above.
David, can you clarify one thing please. You state the fund is officially sanctioned and legally recognized, are you saying it is LEGALLY REGISTERED with French authorities? This is what's implied.
If legally REGISTERED with French authorities (meaning individuals are held accountable and responsible for said actions ) this is great news.
If it's not a registered fund or foundation, doesn't mean much.
March 22, 2014, 03:13:32 PM
why would these corporations not donate directly in fiat? the whole cryptocurrency thing is about not having to pay tax. only when the fund is converted back to fiat ( depends by whom ) taxes may/maynot be paid. depends on organisation structure. i cannot see why there would be a need to register this fund officially. can someone elaborate.
They WILL be donated in FIAT, since cryptos have no legal value yet - at least, as long as corporations want tax-deductability.Internally, we'll receive fiat and convert it to mint. Hopefully this will drive up the price of mintcoin. Then a project will either be paid in mintcoin or in fiat (thus, a second conversion). We might propose a bonus for those projects willing to be paid in Mintcoin. Legally speaking, this will have to be investigated.
For now, the primary reason for an official fund is legitimacy/visibility.
March 22, 2014, 03:10:05 PM
One thing that may not be clear for everyone: we are talking about an officially sanctionned, legally-recognised Fund under the French jurisdiction (with all the tax-deductible thing also). Not a Facebook fan page or the like.
If you want to read (or stress-test) the bylaws, follow the mintcointalk page link above.
This is good because it means individuals and corporations can save millions in taxes by being involved with the endowment fund for charity (legally).If you want to read (or stress-test) the bylaws, follow the mintcointalk page link above.
why would these corporations not donate directly in fiat? the whole cryptocurrency thing is about not having to pay tax. only when the fund is converted back to fiat ( depends by whom ) taxes may/maynot be paid. depends on organisation structure. i cannot see why there would be a need to register this fund officially. can someone elaborate/explain.
March 22, 2014, 03:08:26 PM
One thing that may not be clear for everyone: we are talking about an officially sanctionned, legally-recognised Fund under the French jurisdiction (with all the tax-deductible thing also). Not a Facebook fan page or the like.
If you want to read (or stress-test) the bylaws, follow the mintcointalk page link above.
This is good because it means individuals and corporations can save millions in taxes by being involved with the endowment fund for charity (legally).If you want to read (or stress-test) the bylaws, follow the mintcointalk page link above.
March 22, 2014, 03:05:27 PM
One thing that may not be clear for everyone: we are talking about an officially sanctionned, legally-recognised Fund under the French jurisdiction (with all the tax-deductible thing also). Not a Facebook fan page or the like.
If you want to read (or stress-test) the bylaws, follow the mintcointalk page link above.
This is good because it means individuals and corporations can save millions in taxes by being involved with the endowment fund for charity (legally). If you want to read (or stress-test) the bylaws, follow the mintcointalk page link above.
March 22, 2014, 03:03:10 PM
March 22, 2014, 02:37:56 PM
any progress on that?
We have one potentially interested. Being faithful to my own policy, I won't mention name before it is done.A lot of people use Reddit, It wouldn't hurt to have some migration headed that way. Subscribe and post here: http://www.reddit.com/r/MintCoin/
March 22, 2014, 02:35:14 PM
Alright (I am getting impatient, I decide after just three persons )
The main topic will be on mintcointalk but one of the first duty will be to keep some intersperced discussions on bitcointalk for getting some newcomers to know it (I will hardly be able to handle this, this will be a job for the commmunity management team).
Here is the text I just wrote on mintcointalk.com. Since this is the first one, I will copy it in its entirety but please reply there in the future (that's topic #400, btw): Mintcoin Fund.
Happy to have woken up to this good news )The main topic will be on mintcointalk but one of the first duty will be to keep some intersperced discussions on bitcointalk for getting some newcomers to know it (I will hardly be able to handle this, this will be a job for the commmunity management team).
Here is the text I just wrote on mintcointalk.com. Since this is the first one, I will copy it in its entirety but please reply there in the future (that's topic #400, btw): Mintcoin Fund.
Quote
Hi everyone,
Project F is finally unveiled. I told you (and the dev told you also earlier) that it would be huge and it is.
Much like bitcoin, litecoin and dogecoin, we are opening up a foundation.
The Mintcoin Fund (for legal reason, it could not be named Foundation) will focus on promoting Mintcoin and sustainable development initiative. Excerpt from the bylaws (translated, the official text is in French) :
There is no entrance fee. Everything is open to consideration. Here are some of the topic already considered:
It will be necessary to regularly update advancements on the bitcointalk page too, at least for getting more persons involved.
Another brillant news (althoug less huge, I'd say) will be announced next week. Stay tuned!
Project F is finally unveiled. I told you (and the dev told you also earlier) that it would be huge and it is.
Much like bitcoin, litecoin and dogecoin, we are opening up a foundation.
The Mintcoin Fund (for legal reason, it could not be named Foundation) will focus on promoting Mintcoin and sustainable development initiative. Excerpt from the bylaws (translated, the official text is in French) :
Quote
The goal of Mintcoin Fund is to promote the Mintcoin cryptocurrency and its underlying goal of reducing humany environmental footprint.
Legally speaking, this will be an endowment fund under the French Law. It will be open to anyone with no distinction of nationality or even age (although some responsabilites will be off-limit for non-emancipated minors).There is no entrance fee. Everything is open to consideration. Here are some of the topic already considered:
- an official escrow service. It will deal only in mintcoin, and will either be free of charge or fees will be donated to the Mintcoin Fund (which in turn MIGHT compensate the
- Mintcoin Fund actually handling the escrow, but nothing for sure — if we can automate the process, we could avoid this).
It will be necessary to regularly update advancements on the bitcointalk page too, at least for getting more persons involved.
Another brillant news (althoug less huge, I'd say) will be announced next week. Stay tuned!
Long term future of Mint is looking great, and that's what I'm here for. March 22, 2014, 02:34:50 PM
Thank you David for the updates. It's good to hear that things are coming along. As a community I feel it's also important for each person to try to not just rely on the developers but do what they can to help promote the coin. Such as getting on social media getting the word out and contacting businesses and news media with information. Bitcoin has been a pretty big topic in the news lately so anything related such as Mintcoin should get coverage if presented right especially with the Eco friendly nature of Mintcoin
March 22, 2014, 02:26:51 PM
any progress on that?
We have one potentially interested. Being faithful to my own policy, I won't mention name before it is done.This is in regards to a multi-pool. Just in case the one in the works falls through, make sure and head over to Reddit to show your support. There are 4 separate threads mentioning the multi-pool, upvote and comment in each one if you support it. Making a Reddit account does not require giving them you email. Couldn't be easier.
A lot of people use Reddit, It wouldn't hurt to have some migration headed that way. Subscribe and post here: http://www.reddit.com/r/MintCoin/
March 22, 2014, 02:21:46 PM
I read somewhere on reddit that changing the staking time would require a fork. 20 days really isn't that long, and if you're like me you mint several times a month anyway because of different dates on deposits.
March 22, 2014, 02:17:37 PM
I see a lot of members asking for more info on the POS Mining - I have coin more than 20 days in wallet and have not received any (wallet updated and unlocked) so as previously requested "add a help file and/or FAQ to the wallet to explain the "mining" of mint coin in easy to understand language (with pictures if possible)"
I understand the necessity for this, but I don't have the motivation to do it myself. bjmillican4 and tokyopotato mentioned they are good at writing documentation.Also if the 20days can be reduced to 1 day - even if payouts are less will also help.
This is dev thing, I can't answer. I believe the idea is to prevent short-term mentality (long-term mentality is a part of sustainable development). Jump to: