Author

Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained] - page 803. (Read 1369778 times)

legendary
Activity: 1418
Merit: 1002
Something wrong with MintPal, doesn't work with Firefox, but works fine with Chrome.

Just tweeted from Mintpal:

newbie
Activity: 5
Merit: 0
Something wrong with MintPal, doesn't work with Firefox, but works fine with Chrome.
newbie
Activity: 2
Merit: 0
Good day, I have gone to the pool http://mint.hashrapid.com/ 1500000 coins please tell me how to get their coins? thank you
newbie
Activity: 56
Merit: 0
Sorry for the stupid question but where does the interest we get paid come from?
hero member
Activity: 672
Merit: 500
Banned: For Your Protection
sr. member
Activity: 672
Merit: 274
In REAL life you spend ALL and save noone due to the need of more GPU's  Roll Eyes

This is quite true...  Grin

To a certain extent yes, but not all the way. Again, BALANCE is key.  Grin
hero member
Activity: 672
Merit: 500
Banned: For Your Protection
In REAL life you spend ALL and save noone due to the need of more GPU's  Roll Eyes

This is quite true...  Grin
member
Activity: 98
Merit: 10
Mine for your life
You guys are missing the point; even if there are merchants, what is the fucking incentive to use mint if they are in your wallet generating interest?

lol Are you serious? Products and services offered are also incentives. Fiat money also generates interest, but even a kid knows a portion of it needs to be spend occasionally. The same is true here. If you cannot spend it on something useful, it becomes a waste.

The People can spend what they need.... The rest can earn interest like in the real life..... You spend some... And the rest is in the bank.... The same here..
This coin is going to be great...

In REAL life you spend ALL and save noone due to the need of more GPU's  Roll Eyes
sr. member
Activity: 672
Merit: 274
Up from here I hope. I'm not selling, that's for damn sure. I'll buy more if it goes back down toward where I got in.

+50,000,000,000

+100,000,000,000

It is starting to look like hyperinflation. Send some my way.  Grin
sr. member
Activity: 392
Merit: 250
https://mint.maxminers.net


We are proud to announce our new Mintcoin Pool:

0% Fee
Only 0.1 mnt withdrawal fees

Automatic Payouts every minute !
DDoS protected
Best EU/US connectivity
Stratum on Port 7890 with Variable Difficulty
Bonuses will be started as soon as first Block has been found !

Check it out now and get your Scrypt Miners in:
https://mint.maxminers.net


1000 MNT Bonus per Block Finder !!!
legendary
Activity: 1512
Merit: 1015
Up from here I hope. I'm not selling, that's for damn sure. I'll buy more if it goes back down toward where I got in.

+50,000,000,000

+100,000,000,000
sr. member
Activity: 672
Merit: 274
Up from here I hope. I'm not selling, that's for damn sure. I'll buy more if it goes back down toward where I got in.

Yeah, that's the spirit of a saver!  Grin
member
Activity: 70
Merit: 10
Up from here I hope. I'm not selling, that's for damn sure. I'll buy more if it goes back down toward where I got in.

+50,000,000,000
legendary
Activity: 980
Merit: 1004
Up from here I hope. I'm not selling, that's for damn sure. I'll buy more if it goes back down toward where I got in.
sr. member
Activity: 672
Merit: 274
You guys are missing the point; even if there are merchants, what is the fucking incentive to use mint if they are in your wallet generating interest?

lol Are you serious? Products and services offered are also incentives. Fiat money also generates interest, but even a kid knows a portion of it needs to be spend occasionally. The same is true here. If you cannot spend it on something useful, it becomes a waste.

The People can spend what they need.... The rest can earn interest like in the real life..... You spend some... And the rest is in the bank.... The same here..
This coin is going to be great...

Exactly. It is about balance. It was not a call to spend all the coins as some here erroneously assume.  Roll Eyes
sr. member
Activity: 672
Merit: 274
You guys are missing the point; even if there are merchants, what is the fucking incentive to use mint if they are in your wallet generating interest?

What's the incentive of spending money rather than leave it in the bank accruing interest? Apart from the lower interest rates, a currency will attract both spenders and investors. The PoS, if nothing else increases distribution.

Finally someone who gets it!! It is an inverse relationship.

You can distribute it all you want, but if it has little value in the final equation, fools will suffer gladly.
member
Activity: 205
Merit: 10
You guys are missing the point; even if there are merchants, what is the fucking incentive to use mint if they are in your wallet generating interest?

lol Are you serious? Products and services offered are also incentives. Fiat money also generates interest, but even a kid knows a portion of it needs to be spend occasionally. The same is true here. If you cannot spend it on something useful, it becomes a waste.

The People can spend what they need.... The rest can earn interest like in the real life..... You spend some... And the rest is in the bank.... The same here..
This coin is going to be great...
sr. member
Activity: 672
Merit: 274
Then there will be no more Dumps as all will keep their coins forever and watch them GROW!
how is a coin supposed to grow when everyone is holding and doing nothing with them?

All jokes aside. You're absolutely right.

Yeah but there will never be a coin that everybody holds forever, people want profit Smiley

Yeah man, we don't live forever either. lol

The point he makes is that we need to spend some coins in order to generate value. There need to be a use for it, otherwise it will get to a certain point and folks will just start dumping it. The last ones out will then be the losers. However, if you build an economy around it, where goods/services can be exchanged for MintCoin, then you create lasting value.

Sometimes I wonder if I am the only one who understand what PoS truly is. This is not PoW. Learn the difference!!

Don't confuse the issues. PoS or PoW, a portion of the coins still needs to be spent within an economy to generate value.
member
Activity: 70
Merit: 10
You guys are missing the point; even if there are merchants, what is the fucking incentive to use mint if they are in your wallet generating interest?

What's the incentive of spending money rather than leave it in the bank accruing interest? Apart from the lower interest rates, a currency will attract both spenders and investors. The PoS, if nothing else increases distribution.

Finally someone who gets it!! It is an inverse relationship.
legendary
Activity: 1512
Merit: 1015
Then there will be no more Dumps as all will keep their coins forever and watch them GROW!
how is a coin supposed to grow when everyone is holding and doing nothing with them?

All jokes aside. You're absolutely right.

Yeah but there will never be a coin that everybody holds forever, people want profit Smiley

Yeah man, we don't live forever either. lol

The point he makes is that we need to spend some coins in order to generate value. There need to be a use for it, otherwise it will get to a certain point and folks will just start dumping it. The last ones out will then be the losers. However, if you build an economy around it, where goods/services can be exchanged for MintCoin, then you create lasting value.

Sometimes I wonder if I am the only one who understand what PoS truly is. This is not PoW. Learn the difference!!

+1 I just stopped taking part in those convos..
Jump to: