Also thinking than many miners didn't look into it closely enough and think there will be a far greater supply of these coins then there will be in reality. The announcement by the dev says 70 billion coins, but only about 20 billion will be produced by PoW during the 5 week mining period. The other 50 billion will be produced over the entire course of it's life as PoS.
So if we start PoS at 20 billion coins, and 100% of the coins are staked, at 20% that'll only be another 4 billion mined in the next year. Even less as years go on. We all know too that there is no way 100% of the coins will be staked at all times. That number will be far lower.
Compare that to MOON which has 26 billion or so coins right now and is producing, I don't know exactly the number, but A LOT more each day. Or IFC which is nearly totally mined at 90 billion coins (and will produce a small amount of PoS forever I believe, correct me if I am wrong) yet sits at 15 satoshis today.
In conclusion, my amateur market analysis says MINT to the moon.
Topic: [ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained] - page 937. (Read 1369777 times)
February 14, 2014, 12:45:37 PM
February 14, 2014, 12:36:11 PM
Is anyone else also not able to withraw coins from hashstrike?
auto withdraw didnt kick inmanual payout disabled
+1 Anyone have contact with Hashstrike? I like the pool but when auto-payouts stop working and manual payouts are disabled my loyalty begins to waver...
February 14, 2014, 12:23:56 PM
Exactly, which is why it is surprising that miners are willing to dump for less than 10 satoshi.
Proberly because they have so much, and they are greedy for bitcoins today.
And they are not looking forward in the future.
If it reaches 8 satoshi in the first week, im thrilled about what it will do when the Pos starts.
People will go crazy for this coin because they want a share of the pie.
February 14, 2014, 12:17:23 PM
Exactly, which is why it is surprising that miners are willing to dump for less than 10 satoshi.
February 14, 2014, 12:14:10 PM
No, not at all. I'm on the fence of buying this for ~2k USD or so.
Distribution being so fast it's crucial that this coin gets all the attention because if you're hoping to have it all for yourselves like someone expressed it earlier than reality is gonna strike harsh. No one will want to buy a coin that is already distributed in the hands of a few people as I'm sure you'll understand that fewer holders equal to a greater dump to oblivion risk.
I apologize if my previous post sounded trollish, I want to understand why this model of distribution is better first.
Distribution being so fast it's crucial that this coin gets all the attention because if you're hoping to have it all for yourselves like someone expressed it earlier than reality is gonna strike harsh. No one will want to buy a coin that is already distributed in the hands of a few people as I'm sure you'll understand that fewer holders equal to a greater dump to oblivion risk.
I apologize if my previous post sounded trollish, I want to understand why this model of distribution is better first.
This thread is silent?
The Dev is silent?
This coin is a pump and dump?
Pyramid?
Sounds to me like someone is a little bitter they just found this thread to me.
If you don't like it or don't agree with it you can simply just move along.
The Dev is silent?
This coin is a pump and dump?
Pyramid?
Sounds to me like someone is a little bitter they just found this thread to me.
If you don't like it or don't agree with it you can simply just move along.
Well, I would say it is a better distribution model and a better coin to invest in because long run, I expect all PoW coins except BTC to die. Although I love being able to mine coins and make money from home, in the end, PoW is a wasteful way to secure a network.
A purely PoS coin held by a small number of people didn't stop NXT from rising high (although it does have that whole "2nd gen crypto" appeal going for it as well).
In the end, why does an investor give a damn if a coin is fair to miners? As long as the network is secure and the coin is functional, thats all that matters. In any event, the launch was solid and there is plenty of opportunity to mine right now and buy loads of MINT for 5 satoshis each, so no reason the base of early adopters can't be wide.
I have mined a fair amount and bought 100 million from mintpal because I think if the devs can do a good job at marketing this thing (the "green" crypto) it could be a success.
But hey, even if the whole thing turns out to be a scam, at least buy some to get in on the pump and dump right? If MOON can hit 39 satoshis at cryptsy and settle into 10 satoshis as it is today, how could you possibly not profit by buying MINT at 5 satoshis right now?
February 14, 2014, 11:47:24 AM
Is anyone else also not able to withraw coins from hashstrike?
auto withdraw didnt kick in
manual payout disabled
I see, but how long will this last, and why is this happening?
February 14, 2014, 11:34:55 AM
Can anyone else withdraw from Hashstrike? My total is well over my auto-withdrawl and there is no option to manual withdraw any more.
February 14, 2014, 11:33:42 AM
Hi guys,
I have the draft of the infographic and would really appreciate it if you could pitch in your opinion.
Nevermind the chart in the first part, that's just random data for presentation purposes. I have my VA research into that stuff.
Anyway I'm also having a script prepared for a video presentation. Watch out for it.
Cheers!
EDIT: Link being removed arg!
I have the draft of the infographic and would really appreciate it if you could pitch in your opinion.
Nevermind the chart in the first part, that's just random data for presentation purposes. I have my VA research into that stuff.
Anyway I'm also having a script prepared for a video presentation. Watch out for it.
Cheers!
EDIT: Link being removed arg!
Looks great ! Very good job !
February 14, 2014, 11:30:59 AM
No, not at all. I'm on the fence of buying this for ~2k USD or so.
Distribution being so fast it's crucial that this coin gets all the attention because if you're hoping to have it all for yourselves like someone expressed it earlier than reality is gonna strike harsh. No one will want to buy a coin that is already distributed in the hands of a few people as I'm sure you'll understand that fewer holders equal to a greater dump to oblivion risk.
I apologize if my previous post sounded trollish, I want to understand why this model of distribution is better first.
Distribution being so fast it's crucial that this coin gets all the attention because if you're hoping to have it all for yourselves like someone expressed it earlier than reality is gonna strike harsh. No one will want to buy a coin that is already distributed in the hands of a few people as I'm sure you'll understand that fewer holders equal to a greater dump to oblivion risk.
I apologize if my previous post sounded trollish, I want to understand why this model of distribution is better first.
This thread is silent?
The Dev is silent?
This coin is a pump and dump?
Pyramid?
Sounds to me like someone is a little bitter they just found this thread to me.
If you don't like it or don't agree with it you can simply just move along.
The Dev is silent?
This coin is a pump and dump?
Pyramid?
Sounds to me like someone is a little bitter they just found this thread to me.
If you don't like it or don't agree with it you can simply just move along.
February 14, 2014, 11:28:13 AM
Will the POS part run on the Nxt protocol? It would be great!
Some detailed info from the Dev would be really great.
A lot of questions in this thread.
Hi guys,
I have the draft of the infographic and would really appreciate it if you could pitch in your opinion.
Nevermind the chart in the first part, that's just random data for presentation purposes. I have my VA research into that stuff.
Anyway I'm also having a script prepared for a video presentation. Watch out for it.
Cheers!
EDIT: Link being removed arg!
I have the draft of the infographic and would really appreciate it if you could pitch in your opinion.
Nevermind the chart in the first part, that's just random data for presentation purposes. I have my VA research into that stuff.
Anyway I'm also having a script prepared for a video presentation. Watch out for it.
Cheers!
EDIT: Link being removed arg!
Great stuff!
February 14, 2014, 11:27:11 AM
Hi guys,
I have the draft of the infographic and would really appreciate it if you could pitch in your opinion.
Nevermind the chart in the first part, that's just random data for presentation purposes.
Anyway I'm also having a script prepared for a video presentation. Watch out for it.
Cheers!
EDIT: Link being removed arg!
View it here.
visual.ly/mintcoin-infographic-draft
I have the draft of the infographic and would really appreciate it if you could pitch in your opinion.
Nevermind the chart in the first part, that's just random data for presentation purposes.
Anyway I'm also having a script prepared for a video presentation. Watch out for it.
Cheers!
EDIT: Link being removed arg!
View it here.
visual.ly/mintcoin-infographic-draft
February 14, 2014, 11:27:03 AM
The big problem that this coin faces is that the distribution of coins at the PoW stage will be limited to very few people compared to most coins.
February 14, 2014, 11:25:13 AM
Is anyone else also not able to withraw coins from hashstrike?
auto withdraw didnt kick in
manual payout disabled
February 14, 2014, 11:24:21 AM
Is anyone else also not able to withraw coins from hashstrike?
February 14, 2014, 11:20:35 AM
Any efficient pool to mine this coin?
to get some fresh MintCoins?
-> http://mnt.coins4everyone.com for sure! ;-)
February 14, 2014, 11:13:34 AM
Any efficient pool to mine this coin?
February 14, 2014, 11:06:30 AM
Reward is already halved but the network hash rate is still great. Thats great 
Voted for cryptsy and also we are doing okay here http://www.allcrypt.com/beta/voting.php , so dont forget to vote there also
Voted for cryptsy and also we are doing okay here http://www.allcrypt.com/beta/voting.php , so dont forget to vote there also
February 14, 2014, 10:56:49 AM
Where are devs for this coin, why silence? It's the very beginning and I get the idea that things are dead, reddit = empty, thread = silent and coin distrubution favors early adopters HEAVILY. Why would someone invest into this weeks from now? "Because it's scarce" doesn't count, just because it's hard to get doesn't mean people automatically want it.
Also all this talk about cashing out and being rich gives this a real pump and dump feel, guys, at least pretend you're making a crypto currency viable for goods and services here, not yet another pyramid?
Also all this talk about cashing out and being rich gives this a real pump and dump feel, guys, at least pretend you're making a crypto currency viable for goods and services here, not yet another pyramid?
This thread is silent?
The Dev is silent?
This coin is a pump and dump?
Pyramid?
Sounds to me like someone is a little bitter they just found this thread to me.
If you don't like it or don't agree with it you can simply just move along.
February 14, 2014, 10:12:59 AM
Where are devs for this coin, why silence?
https://twitter.com/MintcoinTeam
https://bitcointalksearch.org/user/mintcointeam-234814
Don't know what you mean by silence? They replied just yesterday and were only a hour ago:
It's the very beginning and I get the idea that things are dead, reddit = empty, thread = silent and coin distrubution favors early adopters HEAVILY.
The coin is just one week old. What do you expect?
We are making a 70 BTC Volume on Mintpal.com. Look at the lowest volume coins on cryptsy. Even they are traded for more then 100 satoshis, and they are just copycats of btc/doge.
Also, add a "+1" to this post: https://cryptsy.freshdesk.com/support/discussions/topics/75906
February 14, 2014, 10:06:23 AM
Also make sure to upvote the posts I wrote on reddit:
http://www.reddit.com/r/CryptoMarkets/comments/1xw2qw/mintcoin_is_pretty_cool_and_you_should_know_about/
http://www.reddit.com/r/CryptoMarkets/comments/1xw2qw/mintcoin_is_pretty_cool_and_you_should_know_about/
Subscribe to the mintcoin subreddit: http://www.reddit.com/r/MintCoin/
Lets grow this community!
http://www.reddit.com/r/CryptoMarkets/comments/1xw2qw/mintcoin_is_pretty_cool_and_you_should_know_about/
http://www.reddit.com/r/CryptoMarkets/comments/1xw2qw/mintcoin_is_pretty_cool_and_you_should_know_about/
Subscribe to the mintcoin subreddit: http://www.reddit.com/r/MintCoin/
Lets grow this community!
Nice article and upvoted
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