I like the idea of minting, but 20 days seem too long. We need to trade them to make profit and minting at the same time, so a couple of hours, says 8 hours minting would be perfect.
Stop being a fking short term trader. do banks give you interest every 8 hrs? No. you are rewarded for your patience every twenty days if you think carefully about it. And remember people like YOU lose out to those who LONG. Buffett has owned coke shares fore more than 20 years. think why and you will answer your own questions.
Banks in my country do have overnight interests, ok? 20% annually looks good, but when you take the volatility of crypto-currency, it's nothing, man. You need better trade-off.
I don't think you should compare a bank to crypto in any way!
I have to agree with tng811, 20 days seems to long. Unless you were in from day 1 with a large amount of coins, I
purchased on the 19th and had my coins in my wallet all ready to stake. And realised I could make far more trading
each day, which is exactly what I've been doing.
And will continue until the pure POS stage to see which way it goes. Blackcoin has been mentioned, which is now in
POS and earns interest every 8 hours at a far smaller 1%. It had less than 100mil POW mined and zero premine, but
is yet to increase in value. It's early days, needs more promotion and possibly then might be back to the POW days of
3000sat time will tell.
Mint does have far more development going on and bigger following, but that's expected with a 700mil premine to help
the devs.
Maybe blackcoin will give some small indications over the next 10 days or so, how mint might do in pure POS and will
be interesting to watch!
Someone posted an image of a confirmed minting of 62k, how big a stake is needed for that?
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Also regards to the thunderclap giveaway of 200k, who's putting up the coins? devs?
Would it not be better with a 1 mil giveaway, if the 200k isn't from the devs maybe they are willing to contribute to
give it a boost!
It's a great way to get more people involved, hopefully the new wallet will be available before that? So it's easy for those
not already involved in crypto to use without the current wallet unlock/lock hassle.
This for me brings up the 20days period to stake again, if the giveaway reaches people completely new to crypto. Who are
going to be inclined or care to wait that long? or just forget and move on without ever opening the wallet again!
If it was a shorter period before staking, then those people will start to see their coin balance increase and be more inclined
to stick around and take a further interest in the coin.
And we need an android wallet asap, if no one is taking up the offer at the 2-5mil bounty it needs to be increased.