Maybe the dev can buy up the sell walls upto 21 sat with part of his 700 million pre-mine money?
The premine is for long term investment in the coin, not daytrading or breaking down sell walls.
Are you kidding me? The dev refuses to comment on what he spent the pre-mine on and the multipool was funded by donations from the community. That should have been the pre-mine funding it. Dev is secretive and doesn't communicate or care.
Considering that he asked for a 5 million MINT donation to implement something the other day I think we can safely assume the pre-mine has been spent on.
I politely asked the dev why not give a clear list of what the pre-mine has been spent on - no answer.
Blackcoin has no pre-mine and pioneered the bcmultipool concept that mintcoin copied. I switched over and never regretted it.
Maybe you should go back and read the forums and look for what you are talking about before you say things like this. The dev said that he couldnt support the multipool because it goes against the environmentally conscious aspect of this coin (WTF is the point of PoS to save energy if you are still mining??), but he said the community is welcome to create one if we wish. He did not ask for 5m to fund a USD/MINT exchange, he said he wanted to community to raise 5m to demonstrate there was enough interest to justify such an exchange. Wow, look at the OP, look how many fiat/MINT exchanges we have that the community didn't have to pay a penny for... If you switched over to BC and don't regret it, than why do you keep coming back to post on this forum? I've said this many times before but I'll say again, although it's not going to get through to anybody who it hasn't gotten through to yet: 100% of BC PoW was distributed in ONE WEEK, 99% of MINT PoW was distributed in FIVE WEEKS- if you think BC was distributed any better overall than MINT than you are seriously kidding yourself.
1. I showed you cold hard numbers that the distribution of coins percentage wise is practically identical. Quite frankly, I couldn't give a damn about the coin distribution in terms of the general population. Pretty much every coin has stupid problems with a minor elite holding a huge amount of the coins. My beef is that the premine of
700 million MINT was advertised as being
for bounties, not for making dev rich. That is the premise on which I and others bought into Mintcoin. That is 3% of all coins in circulation and was worth
one hundred and fifty thousand dollars when the coin was trending upwards before a mega dump occurred (hmmm).
2. During that crash this is what the developer had to say on the mintcoin subreddit: "Sell everything! LOL"
http://www.reddit.com/r/MintCoin/comments/1zdfi4/mintcoincc_is_down_price_down_mintcoin_dev_absent/cfsqt9k?context=3 And similar comments. The topic of that btw was mincoincc down, price down, mintcoin dev absent and that was his response.
Hardly what you want the developer to say when he hasn't spoken for 3 days and was ignoring questions on the premine.
3. Of course the dev doesn't promote something which actually involves him doing work. And he did ask for 5 million MINT, afterwards when several people like myself posted WTF you took 700 million MINT in bounties he backtracked.
4. Coins which are premined by the dev never succeed. As soon as I found the non-premined version of Mintcoin (Blackcoin) with an active developer and pioneering innovations like the bcmultipool, it was what left me to sell my remaining 25% of Mintcoin. Mintcoin price tanked from 25 down to 15 since. I sold everything else prior to that based on 1 and 2.
5. Dev repeatedly says there is no connection at all between mintpal exchange and mintcoin. I've done my own investigation work on this, I'll let others do their own due diligence and reach their own conclusions.