Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained] - page 90. (Read 1369788 times)

I'm not really sure why you're so bent out of shape over this. Everyone is entitled to their own opinions and viewpoints as to what does and doesn't work or what is or isn't a good decision for a coin. Afaik, you relayed that there was someone at bittrex waiting for some response from the MINT team regarding a listing there. Was there more to your involvement than that? Its fine if there is, I'm just trying to understand the reason why you have such regrets over this issue.

I apologized to richie personally today on IRC about my hasty and ill-informed statements, discussed their standing policies and the MINT team's concerns with said policies, of which everyone involved in the team's discussion shared. I was informed that Bill has final say over these matters and that we can further discussions with him directly.

I don't have a problem with this, its a very reasonable course of action. The team wants what is best for the coin and the community surrounding it and we feel that there is more to be discussed with Bill on the matter of being (re)listed on Bittrex. MINT is not starving for places to trade on like some new coin fresh out of the git repository, so there really is no need to rush into anything.

Now, since you're obviously for a listing on Bittrex, perhaps you'd like to share your thoughts or reasons as to why it means so much to you.

Walls are going down! MINT is about to Rise! Get em while they are still cheap!

LOL, it don't matter to them, cause i not mint official.
Give em 3btc , delistrex have market up by Monday.
and Delist Ya on Tuesday. 
Rinse / Repeat til mint community broke.

@biohazard , ya care more for da exchange , than da coin . 
Their scammers, son.

Just Sayin,
AG18

I am regretting the decision to get MINT listed on Bittrex. People just rant without understanding the reason behind anything even when explained many times. I am done with this. @richiela i apologize for getting you into this. Now just waiting to get out of this closed community when i break even on this coin although i dont have many options to do so.

i don't know,
pointing out their delisting business model is on the edge of failure,
i consider more a heads up , so they have time to change.

When Bittrex posts on their site that your coin is schedule for Delisting unless Ya Create Fake Volume to Line their Pockets, is that NOT HOSTILE?

By the Way , here is their Policy from their Web Site
_______________________________________________________________________________ _______________________________________________
Bittrex Market Removal Policy - Updated 07/19/15

Updated on 07/19/15

We look for coins that have high community demand, innovations to crypto-currency technology, or a contribution to science and humanity. We believe in aggressively taking chances on coins and letting the free market sort out which coins should thrive. We just as aggressively prune our markets to allow new coins the visibility to grow in our exchange.  Our goal is to continue to launch new markets to occupy the spaces left from the coins we are removing.

Markets with less than 0.2 BTC (or equivalent) of average daily volume over a 7 day period and have been on Bittrex for 4 weeks or more are eligible for removal. Coins with no developer support, working blockchains, or violate our policies are also candidates for removal.    

We add warnings to markets on the weekend and remove them on Fridays.  Saving a coin requires bringing the average daily volume back up before the next scheduled removal date.  We require 0.2 BTC (or equivalent) of average daily volume over a 7 day period.  We vary the time on Friday in which we check for volume to prevent coin developers from placing a single large order to save their coin. The best way to keep a market from being in danger is to continue to develop steady trading volume each day.

Furthermore, markets that consistency dip below the minimum volume requirement may get the minimum volume requirement increased or delisted without notice.

If a market is removed, you will have 14 days to remove your coins from our wallets.

Bittrex reserves the right to keep or remove any market from its exchange.

07/19/15: Clarified the conditions and reasons that will trigger a delisting.  tldr; don't count on a single large order to save your market.  We want to see sustained trading and growth.  

_______________________________________________________________________________ _________________________________________

Ya really wanna be worried every week, by them whining that Mint trading Volume is too low.
If they not gonna exclude Mint from this Policy , then who needs them , just grief not needed.

Just Sayin,
AG18

Reading a forum through command line too?

Is this hostility really necessary on our forum? At least come with some well constructed arguments. They are doing a good job and they have to draw a line somewhere.

and how am I supposed to do all that, through command line 

Bittrex Exchange  =  Waste of Mint Team's Time

Geez,  Bill should just post his questions in this forum like everyone else.
Why does he thinks he is entitled to private sit downs.

Your delisting agenda only makes money if suckers keep buying new coins.
That stage of Crypto is ending. Market is already over 5 times saturation levels.
Ya already delisted most of the alts that any serious trader gives a hoot about.
Real world, Ya will have to start removing the delisting policy or just fade away due to non use.   

Just Sayin.
AG18

This is a good way to look at it... and our current requirement is .2 BTC day of volume which at current rates equals about 80 dollars a day.  We aren't aiming very high here... Just enough to show interest.

For those that asked... we launched with MINT almost 2 years ago, March 11, 2014 to be exact

FWIW, no one here has questioned whether or not we should re-add MINT.  From my understanding, Bill just wanted a contact to talk about future plans etc...

thanks,
Richie

I also want to just reiterate a point I made earlier, and that is, relatively speaking MINT has plenty of volume relative to it's market capitalization. Let's just say the market cap is a solid $650,000. Then lets compare that to say a $650,000 house's house payment.
A house payment for $650,000 house at even a 10% interest rate would be $5,704 per month, which comes to $190 per day, on average. If it is a 5% interest rate, the payment is $3,489 a month, or $116.30 per day. But Mintcoin doesn't charge interest, so the rate is more accurate at a  0% interest rate, which would be $1,806 per month, or $60 per day average.
MINT has at least this much volume does it not? So volume is fine correct? I don't see what the volume issue is really about since it is relative to its market cap. You have to look at the ratio, not an arbitrary hard dollar amount.

MINT volume is what, about $275 a day average? Okay, thats like $8,250 per month. $8,250 per month for a $650,00 asset is equal to a 15% interest payment. .....$650,000 amortized over 30 years @15% equals $8,219 a month or about $274 per day.

Using that same logic then, if you count Mintcoin out, oh well I guess you better delist Bitcoin too! Bitcoin marketcap of 6 billion amortized over 30 years at 15%  is $75 million a day volume. Now you can't tell me there is not enough volume, and you are going to delist Bitcoin because it doesn't have as much volume as it should.

It's relative to the marketcap ratio you should be looking at, not a certain dollar amount threshshold in my honest opinion. If the market cap is really really high, and there is no volume then it makes sense that something is fushy, but if volume is low, and market cap is still low, it is no problem. It is a ratio, they are related. We have to look at this realistically.

I never knew they were once listed there. Must not have been widely known yet.  If people are not even aware it is there then what do you expect? If you do list it, it is important to share that information everywhere. Need to post it on twitter, put in on the opening page of the thread, put it on Reddit, etc.

As for Bittrex and listing the coin, and volume. Volume goes in cycles. You need to give a coin ample time. A few days or even a few months could be too short. For example, I don't know when you listed MINT on your exchange, but quite possibly it was during  bear market? If you put the coin up for trade and its in the middle of a crash, nobody is going to be jumping in it during that time, regardless of if there is a lot of people interested in it. There could be tons of interest, but no market activity forming just do to timing. Think about it, often adding a coin is going to expose it to many new people and people just aren't going to take to it if the timing is not right. It is not completely so cut and dry black and white simple.  Look at all factors all thing considered. How much time do you give a new coin before you delist it?

Richie...

Sorry if there were any misunderstandings in communication.

While some mintcoin users are excited about your exchange and the potential of mintcoin being re-added, we understand that now may not be the right time.  If the volume and/or fees you receive from traders becomes substantial enough then perhaps you will reconsider.  Until then, there are many other exchanges that trade mint.

Thanks for your response and I hope to be trading mint on Bittrex again in the future. 

`bittrex-richie is not me (notice the ` in front of the name).  Please open a support ticket, talk to an op in #bittrex or talk to us in the JBS slack.  

* We have never asked for a fee to list a coin - we simply give that option if you want to get priority.  
* It is way more than 10 mins of work i assure you
* Our volume requirements revolve around interest in a coin. If there is no volume, there is no interest regardless of PoS, PoW, Po*.  There is some misconception that PoS has something to do with it.

Please make sure you are talking to someone official before stating things that are false.

To the previous post about "What amount of volume is good enough?" ... we've arbitrarily set a number that is publicly published.  It's a tiny number and reasonable to show that there is interest in a coin.


thanks,
richie@bittrex

You have to remember, mintcoin was once listed there... but got delisted because of trade volume... so now they want to list it again, to make 3BTC, only to delist it again due to trade volume?

What amount of volume is good enough? $1 per day? $1000 per day? $10000000 per day?  Who is anyone to say, what's the proper requirement would be? Different people are going to think different. You can't govern it. You have to let it be what it is and work with it from where its at.

A volume requirement is a bad thing because there is no way to control that without fraudulent activity. You can't force me to buy your coins and you can't force me to sell you my coins. That's what a free market is all about. Price fluctuations are just part of what happens in free markets. Price controls may sound good, but always end badly because it doesn't reflect reality. Price discovery should be free. Volume should be genuine. Considering Mintcoin's marketcap the volume is rather fine. Consider for example a loan payment for a $500-600k house.. A couple thousand a month... Divide that by 30 days, for about a daily volume. Clearly Mintcoin is more liquid than that ...if you break it down...good enough.

As for the future of the coin, the coin is going to do what it's going to do regardless of what anyone here wants it to do. The vast majority of coin users are probably not even on this forum. It's great if there are a team of people collaborating to do great charities etc, but to stereotype the entire coin userbase I don't think would be fully accurate. I am not investing in MINT for its charities, I am investing in it because I believe in it, much more beyond that. I am a charity driven individual, but I am going to donate my coins to what I believe are worthy causes. What other people believe are worthy causes may be different from mine. But that's it.. It's about freedom. There are going to be scammers and benevolent being in any community. We cannot say, oh this coin is a failure because some group failed to market it for charity or something. There are thousands of useful things MINT can be good for.

The coin may have been close to being dead at a certain point, but that's just it, u never know...you have to continue to believe, to keep going, and look what turn around. I know it takes a team effort, 1 person can't do it all alone. We have a team here that's great. I agree, but there are lots of people who are not here that probable care too.

I understand Bittrex their concern if they truly are, but Mintcoin is so much better than many of the coins they have already listed there, so I don't really get their resistance at this point. Give every coin a chance no matter what. You never know who will pick it up. I have never used Bittrex before so I am not saying they are super bad, their trading system may be awesome, but we should give all coins a chance. Mintcoin's purpose for some may be a to be for charity, but you can't limit others who may have a different purpose. We all have our differences. The free market will sort the chaff from the wheat in the end, you just have to let it. Give it opportunity. I am not saying, do not get listed there. It's not the commuties decision anyway. If someone wants to pay them to list the coin they can, nothing stopping them. The community should be diverse team, not aa totalitarian government. If some group wants it they can do it, if others don't want it they don't have to pay for it. That's why donation addresses for specific things are good. An idea would be to set up an a specific donation address to be listed at Bittrex... Then whovever wants to donate to it for that purpose, can. Again it is voting with your money. If u have a lot invested and you think it is important to get listed there than by all means go ahead and pay for it, or whatever. Maybe 20 people are against it and 4 people are for it, nothing stopping those 4 people from proceeding, using their own resources to accomplish it. If Mintcoin groes to like a 1,000,000 person user base, do we really think we can or even should try to control the direction the coin takes? People are going g to do what they are going to do regardless. People can do whatever they want to do regardless.

It is easy, you just install the program and download the blockchain. Bittorent Sync enables automatic daily updates of the blockchain so you always get a fresh copy

After you have downloaded the blockchain you can easily uninstall the program, but by running the program you help others who also want to download the most recent copy of the blockchain.

how am i supposed to apply the bootstrap to my daemon if it is on 'bittorrent sync' and not available for direct .zip download from mintcoin...
this is not helpful at all.

I have a core i5 & 16 GB RAM and it takes me a few days to sync but bootstrap doest the trick for me it took approx 8 hours i guess, although i dont remember correctly, to sync with it. but it was not more than a day.

How many hours were necessary in your case?

I did it on an AMD Sempron 145 2.8 GHz, Socket AM3 with 8 GB of RAM.