Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained] - page 624. (Read 1369810 times)

It makes a huge difference. I explain here: https://bitcointalksearch.org/topic/m.5660897



"Inflation was so bad in Germany that money became worthless. Here a child is using money as a toy. Money was used as wallpaper, to make kites. Towards the end of 1923, so much money was needed, people had to carry it about in wheel barrows. You hear stories of people stealing the wheel barrow, but leaving the money."

That will be the fate of Mint...

Even funnier , all the coins share the same feature
You can even split doge into 100 milions. But that value would be right now too close to 0.

So, how do you calculate value? based on number of coins? Then 42Coin should have a market cap 300,000 times greater than BTC?
Of course that is not how it works. BTC is the most valued coin because it was first and has been arround way longer than any other coin and the network and community support has growned largest of them all.

And how did you decide what coins are high value/low value? DOGE have higher market cap than MSC still you find DOGE low value and MSC high value?

Value PER COIN might be higher on a coin with lower supply but its the market cap that counts.

You know, BTC is divided into satoshis so the real amount is 100,000,000 times higher. And there are discussions about adding more decimals so it can be divided into even smaller pieces

It makes a huge difference. I explain here: https://bitcointalksearch.org/topic/m.5660897



"Inflation was so bad in Germany that money became worthless. Here a child is using money as a toy. Money was used as wallpaper, to make kites. Towards the end of 1923, so much money was needed, people had to carry it about in wheel barrows. You hear stories of people stealing the wheel barrow, but leaving the money."

That will be the fate of Mint...

I am not going to engage you in juvenile name calling and I do not expect you to understand the fundamentals of economics when you resort to name calling. Instead of calling me names why not make your argument in a intelligent manner? You haven't provided one shred of evidence that backs up your claims. There is a reason why countries often destroy and control the flow of money. Having too much money in circulation whether it is fiat or crypto is not a good thing. Too many units in circulation devalues the currency and causes inflation. Even the Bitcoin community is aware of this and are trying to come up with a solution for inflation. If you ever read a book on economics you would understand my point. 5 minutes on Cryptocoinmarket and you would understand the point I was making.

Low value coins
Total supply MINT: 18,630,356,442  =  $2,523,442 USD
Total supply  DOGE: 59,317,894,813  = $58,446,514 USD

High value coins
Total supply BTC: 12,505,525 = $8,005,036,663 USD
Total Supply MSC: 563,162 = $43,284,631 USD

There will always be exceptions to the rule in the short term, but fundamentally no crypto currency can sustain itself with that many coins in circulation.

FYI I do not make claims without information to back it up.

1: http://www.economicshelp.org/blog/634/economics/the-problem-with-printing-money/
2: http://en.wikipedia.org/wiki/Inflation

You can call me names if that makes you feel good, but it doesn't change basic math and basic economics. Mint will never reach 1000+ sat.

It makes a huge difference. I explain here: https://bitcointalksearch.org/topic/m.5660897



"Inflation was so bad in Germany that money became worthless. Here a child is using money as a toy. Money was used as wallpaper, to make kites. Towards the end of 1923, so much money was needed, people had to carry it about in wheel barrows. You hear stories of people stealing the wheel barrow, but leaving the money."

That will be the fate of Mint...

Low value coins
Total supply MINT: 18,630,356,442  =  $2,523,442 USD
Total supply  DOGE: 59,317,894,813  = $58,446,514 USD

High value coins
Total supply BTC: 12,505,525 = $8,005,036,663 USD
Total Supply MSC: 563,162 = $43,284,631 USD

Respectfully, some people here have unrealistic expectations for this coin. I also hold a considerable amount of Mint and I think the coin has some limited potential, but it will never reach 1000+ sat.

1. A considerable amount of coins have already been mined and a significant amount will be minted. Anything over 20-30 million coins is way too much and will dilute the value of any coin. When a coin has a total supply of 18+ billion the coin is pretty much doomed. Over time Doge and other coins will also suffer because too many coins are in "circulation".

2. The developers are just not active enough. I hear many arguments that the developers have "lives" and families. We all have lives and families and no one forced the developers to release a coin. If you make the decision to develop a cryptocoin then you have to make the decision to actively promote and engage the users of the coin you created. If your fiat bank closed for a week and their explanation was: "we are closed for week  because we have lives and a family", you would withdraw all your funds from that bank immediately.

3. Perception is reality and quite frankly the website and logo is amateurish at best. No serious development team would have released that logo and website. Many excellent logos have been created by this community and after weeks of waiting I "think" one has finally been selected as the official new logo. And the fact the website was down for several days in unacceptable. A website being hacked or DDoS is no excuse for not being able to find a new host within hours and having the site back up.

4. It is too easy to create and launch a coin, and anyone with a computer and the ability to copy and paste can create a "new" coin in a matter of minutes. Many coins are being released by teenagers in foreign countries that have a limited understanding about software development and have no clue how financial markets work.

Unfortunately the fundamentals do not support Mint being a long term investment, and after a few minor pumps and dumps it will eventually settle in the single digit sat range.

I agree with this gentlemen.

What is the difference between 100 billion, 1 billion, 100 million, etc. With bitcoin we still deal with Satoshi's, fractions of a coin, which make pricing a bit more confusing when it fractions out so far. When making a new currency, why not just move the decimal further down and make each coin less? What the hell is the difference? It makes it far easier to buy/sell/trade with, and doesn't turn away newbies.

I disagree and I think you are dumb. A coin that has 18 billion + will just have holders holding millions of coins. A coin with millions of coins will have holders holding thousands of coins. There is zero difference and to pretend that having more total coins makes a currency more or less valuable is borderline retarded.

Done and won. Sorry, I didn't take time to mention it here, I assume someone else would have done it

http://www.mintcointalk.com/index.php/topic,249.0.html

Any news on the logo? There was a competition for a new one I remember. What's the status?

version 3 of this post
version 2 of this post
version 1 of this post


And the winner is: "triple-bar" by pixibug!



The AI/PSD files should be available soon.
Sharpen your websites!

I disagree and I think you are dumb. A coin that has 18 billion + will just have holders holding millions of coins. A coin with millions of coins will have holders holding thousands of coins. There is zero difference and to pretend that having more total coins make a currnecy more or less valuable is borderline retarded.

Look here: https://c-cex.com/index.html?p=mint-usd

I would love to see a USD/MINT exchange soon, it would be pretty nice since we don't have to use btc anymore to purchase MINT