Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained] - page 609. (Read 1369778 times)

Please post your ideas here
http://www.mintcointalk.com/index.php/topic,263.msg773.html#msg773

If it is not centralised, we can not ensure it will be catalogued.

Interesting idea. We will investigate it. No mandatory donation, for sure, but still something worth investigating.

I didn't compare the number of merchant with other coins. Do you have some numbers for comparison purpose?

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 but since both coins experience this the effect should be equivalent for each when weighted relative to the time spent in PoW for each.

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.

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

respect...MINT is the father!!!!!

great minds think alike. 

guise

these FUDsters are the ones holding the price down. They are waiting for the weak hands to shake out and they will collect a bunch more cheap coins.

Don't play into their hands

You took the words right out of my mouth.

USD inflates at about 8% annually, on average

also 20% minting on all coins unmoved for 20 days or more will not create a "20% inflation rate". Those are weasel words.A more rational outlook says maybe a quarter of the existing coins will actually do any substantial minting. When the minting is at 5% and only 25% or so of existing coins are actully doing any substantial minting that will be about the right amount of inflation to maintain liquidity, around 2%

It's not forever, it's until 70 Billion...which is a long way off

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 "pump" Blackcoin no more than anyone in this topic "pumps" Mintcoin. In otherwords, I support Blackcoin. Are you not concerned that the Mintcoin dev refused to list how he spent the hundreds of BTC he made from the premine on bounties and Mintcoin development? Why do you think that is? Blackcoin on the other hand has no premine yet has accomplished more innovative development and more buzz (bcmultipool). And any bounties are clearly and transparently listed and awarded out publicly.

I lost all faith in this coin when the greedy Mintcoin dev asked for 5 million MINT donation from the community to work on a Mint <-> USD exchange, after he's already received 700 million MINT premine.

I only post this here because I was a big Mintcoin supporter. You should thank me because it might kick the developer into action.

Hadi, you might want to try updating to version 1.5

Thanks for posting this. It shows how desperate you are at pumping Blackcoin. Your efforts are futile and even work against you. People will read your post and avoid Blackcoin like the plague. I will definitely not support Blackcoin any longer because of your post. In fact, your post has convinced me to dump all of my Blackcoins and I will be picking up some more Mintcoins for cheap. Watch for the price of Blackcoin to drop on Mintpal as I dump them, I do have quite a few. Here's to a small push up in price of Mintcoin on Mintpal.

Translation: I now have a bunch of Blackcoin and would like everyone invested in Mint to sell and buy Blackcoin so I can make more money.

But seriously, I won't defend the points you made against Developer, he can do that himself. There has been active development on Mintcoin though, and merchants continue to be added.

Edit: I would also like to add that 20% is not to high at all, and in fact gives people who don't have mining equipment a chance to effectively mine coins just by owning them.

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.

I had not seen,sorry .Tnx all.

+1

You need the new wallet, there was a problem with the old one.
Windows 1.5 https://mega.co.nz/#!wR4inSJT!YHraTK_6a9txFDe_PPgxGzwD6h6j_kCQe6V65cfEEIw 

As I told you in a previous post(which you didn't read apparently)leave you wallet opened for 24 hrs at least. I should mention I'm not a Mintcoin team member, just a guy who tries to help but gets grumpy answering the same questions over and over 

Leave it overnight. It depends of the amount of coins you have. If you have many, it will be fast. If you have a few of them, it will take some time.

Consider it as similar to mining. During mining the most hash/sec you have, you find blocks faster, right? Now, during minting, the most coins you have, you get PoS returns faster.