Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained] - page 608. (Read 1369778 times)

It won't be 20% inflation, but less than that because that 20% presumes that 100% of the coins will sit quietly and acquire coin age, which is false.

Even at 5%, if this were possible, it is less than the inflation of the money supply. If you think that cryptos and altcoins are worse than fiat, then you have no idea how central banks and the debt-money scam works.

http://www.youtube.com/watch?v=iFDe5kUUyT0

which gives the highest payout at 20% the first year, then decrease 5% per year until the 4th year it reaches annual interest rate of 5%, then it will remain at this rate.

USD inflates at about 8% annually, on average

Too much to quote above

Okay, you got me there, I should never say never. I guess that means you can't predict the future either.. soo why are you here spreading FUD?

Also, perhaps I was trying to reuse your use of "irony". Which really wasn't ironic at all- people misuse that word a lot... I would be more akin to calling it sarcasm.

Stop fixating on the premine, it is but one factor involved in the initial distribution. Lets look at another factor, which involves the other 99% (or 100% in BC's case) of the coin (i.e. lets pay attention to where the majority of the coins are going, which is more important): 1 week of mining versus 5 weeks of mining. So.. approx 99% of PoW Mint was distributed over 5 weeks, whereas 100% of PoW BC was distributed over 1 week. This analysis is far from perfect because there are too many factors involved but lets simplify the model to get the point across by assuming the same number of miners join per week for each coin, that would give Mintcoin slightly less than 5X the distribution of BC through PoW (slightly less than 5X since its 99% of the coins not 100% being distributed). But, the number of miners that hop on a coin per unit time is not a constant, the more time that passes since the release the more people that learn about and become interested in the coin and begin mining the coin (assuming the release was a good one, and interest in said coin grows). As such, it seems safe to assume that there is a modest acceleration in the number of adopters/time as time since the release of the coin increases. As such, the number of miners/week that started mining Mint during the later weeks is probably larger than the number of miners that joined in the first week for either Mint or BC. So, taking that into consideration, the rate of distribution should increase over time meaning that 5 weeks will result in MORE than 5X the distribution when compared to 1 week of distribution. Of course, this is ignoring the increase in difficulty as a function of time

Short version: Distribution is not linear with time, I would expect it to have a positive derivative: f(x) = miners/time ; f'(x) is positive aka (miners/time)/time is increasing- meaning that 5 weeks of mining versus 1 week of mining is actually more than 5X the amount of distribution.

The payout is set to 20% for the first year and etc as the post says.. The payout is 20% for all coins put to stake. The point Geode is making is that 100% of the coins are not going to be put to stake because some of them will be circulating so the overall effective payout will be lower than 20%. On the individual level it is still 20% for whatever you put to stake so if you put all your coins to stake then yes, you will get 20% return in the first year. If the entire market put 100% of the coins to stake then the entire market would get a 20% return but that is not going to happen. Does this make sense or is it "too subtle for you?"

Was that to subtle for you? Probably.
If there is no actually 20% then somebody change this:

And explain in a few words about the max and min.

And I do hope the coding is right and we don't end like DOGE who turned to inflation overnight due to dizzy devs.

It won't be 20% inflation, but less than that because that 20% presumes that 100% of the coins will sit quietly and acquire coin age, which is false.

Even at 5%, if this were possible, it is less than the inflation of the money supply. If you think that cryptos and altcoins are worse than fiat, then you have no idea how central banks and the debt-money scam works.

http://www.youtube.com/watch?v=iFDe5kUUyT0

which gives the highest payout at 20% the first year, then decrease 5% per year until the 4th year it reaches annual interest rate of 5%, then it will remain at this rate.

Stop fixating on the premine, it is but one factor involved in the initial distribution. Lets look at another factor, which involves the other 99% (or 100% in BC's case) of the coin (i.e. lets pay attention to where the majority of the coins are going, which is more important): 1 week of mining versus 5 weeks of mining. So.. approx 99% of PoW Mint was distributed over 5 weeks, whereas 100% of PoW BC was distributed over 1 week. This analysis is far from perfect because there are too many factors involved but lets simplify the model to get the point across by assuming the same number of miners join per week for each coin, that would give Mintcoin slightly less than 5X the distribution of BC through PoW (slightly less than 5X since its 99% of the coins not 100% being distributed). But, the number of miners that hop on a coin per unit time is not a constant, the more time that passes since the release the more people that learn about and become interested in the coin and begin mining the coin (assuming the release was a good one, and interest in said coin grows). As such, it seems safe to assume that there is a modest acceleration in the number of adopters/time as time since the release of the coin increases. As such, the number of miners/week that started mining Mint during the later weeks is probably larger than the number of miners that joined in the first week for either Mint or BC. So, taking that into consideration, the rate of distribution should increase over time meaning that 5 weeks will result in MORE than 5X the distribution when compared to 1 week of distribution. Of course, this is ignoring the increase in difficulty as a function of time

Short version: Distribution is not linear with time, I would expect it to have a positive derivative: f(x) = miners/time ; f'(x) is positive aka (miners/time)/time is increasing- meaning that 5 weeks of mining versus 1 week of mining is actually more than 5X the amount of distribution.

Apart for the Mint/blackcoin war ...
20% inflation and then after 4 years 5% per year forever is insane.
If you really believe in this coin for the long term and it becomes a worldwide currency it will be a worse plague than fiat.

I dumped all my MINT for Blackcoin days ago. The MINT dev refused to tell us what he spent the 700 million MINT on. That was worth hundreds of BTC at the peak of MINT price.

Compare that to Blackcoin. ZERO premine yet Blackcoin still has a more transparent list of bounties. And even without 100 BTC of premine, Blackcoin is bringing more innovation to the table eg bcmultipool.

Then there is the fact MINT has 20% interest rate. Even the most hardened MINTer will admit that is too high.

What was the nail in coffin for me with MINT was the fact they put a super shitty logo on the mintcoin subreddit when there were much better ones. I find it fishy that won the community vote when almost everyone complained about it after it was chosen and nothing changed. Plus read through the devs comments on reddit and here, he was writing stuff like "Lol sell" and can't be bothered to work when the price was dropping and people were asking him questions and basically wanting reassurance.

And there's the fact MINT dev keeps saying mintcoin has nothing to do with Mintpal. Sorry don't believe that for various reasons.

So i've switched to Blackcoin. It's basically the coin mintcoin should have been imo.