Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained] - page 646. (Read 1369810 times)

Get them in your own wallet ASAP to start minting. Also POS in your wallet.
My wallet has been getting more coins added every day from minting like clock work.

I like this coin and have kept 5 million and sold the same.

Yea maybe.. but adoption also increases value.. scarcity increasing value is a commodity not a currency. To be a currency it has to have an inflation model. That is backed by thinking ever since money existed amd wont change.. The model at which inflation is applied is neo classical and outdated so thats why I say that maybe the feds tools are obsolete because we are not any better after all that debt.

The classic bitcoin thinking is that deflation leads to efficiency like consumer electronics.. but it also renders interest rate borrowing obsolete so no more lending.. If you have some inflation it will fit the world like a glove and then slowly make it efficient by a steady inflation rate making inflation tend to 0 asymptotically..

Anyways if you read that quote in the thread link i provided I backed it by professors who also say the same thing.. I just thought it was common sense ever since ai learned about bitcoin... Infact my first thread was about bitcoin deflation and how we need inflation built in.. but then I discovered we already have what we need.

By that standard all possible mediums for exchanges are "deflationary".

anyway, that doesn't matter because you are operating under the precepts of neo-classical economics, which are demonstrably flawed and cannot render a good economic analysis, especially in regard to new forms of electronic currency.

Scarcity increases value, it doesn't decrease it and since digital currency can used divided into smaller and smaller denominations that simply is not an issue.

Currency, doesn't need to be "backed" by anything, especially wasting electricity.

Even devcoin is deflationary but just not as much.. How would you model inflation based on gdp? It becomes dynamic at that point something the govt will want but will lead to crashes etc.. Wouldnt steady inflation be better? We already have seen decreasing rates dont have intended affect of increasing borrowing. The tools that fed uses arent any better than simply assigning somr inflation % and let market work.

Its difference between buy hold strategy and swing trading... in the very long term the buy hold strategy
is predictable and wins overall.

I am allergic to faith as well- I am a biochemist. But I still use the word, in a non-religious sense, because no matter how much logic and knowledge you have there is no way to predict the future.

So, why not?

I am allergic to faith, I prefer logic and knowledge. It seemed logical to start mining mintcoins until the POS came in. I also didn't say that I'd dump it all I said was that we will have to sooner or later, because this coin has it's own poisonbomb build in and we can only hope to get out on good terms.

In fact, mintpal will get it into their wallet for your balance.

What sidhujag just said. Minting rewards are minimal and decrasing and hardcap coming eventually. It is deflationary.

no, you will not

If I have MINT coins on MINTPAL.COM i will get my POS after 20 days?

there is also a hardcap.. as more people populate earth the amouny of coins decrease.. thats deflationary.

It's quite simply not a deflationary currency.

The creation is nothing compared to what fluid mining has and still decreases.

Coins are created so how is it deflationary?

I do not know if the parameters of dogecoin are the right ones, but the idea behind its inflation is the correct direction and what I was pointing on. Everything winds up around the fact, that there are no virtual raw goods (unless in a game but there they are consumed virtually as well). Mintcoin just pushes the deflation to the extreme while being unknown compared to bitcoins, and furthermore people just don't get the POS therefore won't buy untill they get it (that means, it would need more shilling, something else than "just use the debug window!")
Maybe bitcoins will stay as a commodity, at least it has an use as TX for altcoins, but no one know for how long this goes. The creators of bitcoins certainly didnt have altcoins in mind and hence my claim that they just confused currency and commodities.

PS: This goes more for coins like MZD or AUR, because they are meant to replace a currency while simply cloning bitcoins modell. It might bring some income for a short time but in the long run, they are much more likely to fail.

Your right and dont expect the noobs in here to understand what you are saying... You need inflation in a deflationary model.. not inflation tending to zero.. Its a failure by design.

Bitcoin will always be there.. as a commodity but not a currency I believe. There are better coins out there that will do the job of everyday tx...

What you need is:

1) Something where mining is irrelavent (pos is good for that)
2) Yet secure.. merged mining bitcoin means its secure yet mining is not a problem.
3) Predictable inflation. NOT dynamic inflation like PPC.. dynamic inflation leads to incentove to game thr system for profit.
read this about a quote from the dogecoin site from a professor of economics: https://bitcointalksearch.org/topic/m.5599093

4) Provide inherent utility.. blockchain does this..

So far only 1 coin fits that bill and its DevCoin.. miners get 10% of each block and mining is not a problem since its merged mined with bitcoin. So mining is like free.. 90% goes to people who work to earn. Even businesses etc. So there is far more utility than dogecoin.

No more coins can be released merged mined because of asics.. so reallly it makes sense this would be the one and all other coins lost in dust. It was designed to be it. Bitcoins addresses are interchangeable to DevCoin if you can send dvc to btc wallet and vice versa.. so that in the future one address may be meeded for both. or people switch to dvc without losing private keys.

Then have some faith in the coin! You must have had some at some point, otherwise I imagine you would not have gotten involved. What got you interested in mintcoin to begin with? And what has changed since then (Besides mining having finished, which we all knew was going to happen)?

All you say are mehbeys and future. You can not back them up with more grounding than I can my claims about ecomomical logics what a currency needs and why bitcoin and more relatively unknown small clones like mintcoin won't stand the race in the long run. They still claim to be currency while they try to mimic virtual gold.
No one needs to hold gold but everyone would fill their rooms with that, if gold hadnt more purpose than laying there in shiny bars. Same goes with all other goods that have a certain value. And there is a reason why people pay with papersheets and not with gold coins anymore.

Because I am a former miner and holder of 1.6m mintcoins.