Topic: Minexcoin - A new era of payments - page 394. (Read 646769 times)

Koinbi has been reported as SCAM!! Trader can't withdraw and no reply from support.

https://bitcointalksearch.org/topic/ann-warning-the-new-exchange-koinbicom-is-scam-2750577

Another update about MNX debit cards

Some technical details from Minexsystems CEO. Original text you can found in Russhian group in Telegram https://web.telegram.org/#/im?p=@minexcoinru

This text is translated by google(if you have somekind questions please ask.


The user will receive a bank credit card
it will be a Central American or Gibraltar bank
activation of the card will be made by replenishment of the account in MNX to the account in Japan
the Japanese company will act as a guarantor for the client's obligations in the bank
when making a purchase, the user will spend money in fiat
after the purchase, the Japanese company will sell the MNX client at the exchange and at the current rate will replenish his account
the credit limit will be set at 80-100% of the funds in MNX depending on the card class
for leveling exchange rate risks
so the cardholder will not have to go into his office and every time sell the crypt before spending the fiat
on the other hand, the bank will be crystal clear before the visa or the master, since I have never heard of the crypt
like that so if briefly
now there are legal formalities
and as soon as we have the documents on hand, we will release the cards
then for a technical job 2-3 months and the deal is done

Dear community

We tried to contact the founders of the exchange, but they never got in touch. At the moment we can not recommend trading on this exchange.

Have you read the white paper?
MinexBank coins are paid out of block rewards.
Also, because there is a reserve for MinexBank, it is not depleted.

Hello,

Thank you for your warm words.

Percents from parking  is paid from the reserve MinexBank.
With the increase of the MNX volume in the market due to additional emission (work and miners' reward) a gradual replenishment and increase of the reserves amount will be required. This growth will be ensured by a progressive percentage of deductions in favor of MINEXBANK for each unit unraveled by the miners.
More info: https://minexbank.com/memorandum

Minexcoin Info:
Hashrate:  82.63 MSol/s Difficulty: 2.5838255247518


MinexBank Rates:
Daily: 0.38% Weekly: 2.92% Monthly: 15.3% Yearly: 70%

Price of MNX: $19,79

The parking is one of the selling points on MNX platform. It serves as a really good passive income for anyone parking their MNX coins.  I'm curious where the profits from parking coins are coming from. Are the from the platform fees?

At least Minexcoin has stabilized, for many this represents a break from a strong trend in early December, but in fact, shows that MNX has a lot to grow and is a solid coin, not just pump & dump, other than parking, other things should be taken into account.

This is the great coin and park is working.

1st of all Temhuk, I have no interest in quickly pumping this coin, I have said multiple times that I am perfectly happy if the coin stayed at 20$ forever because I like the compound interest, which is very profitable in itself.  I really hope you are not officially on the Minexcoin team, bc some of the stuff you say is really out there.  I don't expect the coin to change its purpose bc of what I say, but I hope by now you realize that the ability of having a stable payment system and tying the price to bitcoin are absolutely in contradiction of each other. 

Youngdipshit, your point is so dumb I don't even know where to begin.  How on earth if the price stays close to bitcoin and the price of bitcoin travels 20% in a day is that stable?

If you guys want to argue for the sake of arguing, fine.  But both of you are flat out wrong with what you are saying, but you have this innate desire to be right, and you just aren't.

News flash: transactions whether it's for an orange or a car don't take a month to go through. MNX aims for day to day low volatility of 5% or less. Going up 5% every day of the month is still a large monthly increase, however this doesn't translate to high purchasing volatility

The only thing you want is big pump and huge profit in short time. This is only what I can see in your message. MNX will stay with old plan.

Obviously most of us are not on the same page.  The chart you present to show "low volatility" is MNX/BTC
So you are looking at a chart of how Minexcoin stays low volatility to one of the most volatile currencies in the history of existence.  Do you not understand how that makes MNX inherently volatile?
When this debit card comes out, are you going to the store that prices things in Bitcoin???  No, it will be priced in dollars, or euros or some other FIAT currency.  So if the goal of Minexcoin is to become a non-volatile payment system for the REAL WORLD, then it needs to be non-volatile in relation to something that people actually price things on this earth in.  The goal of Minexcoin as written in the whitepaper as I understood it, is to be used like a real currency one day, because it is not volatile in relation to the goods you would buy with it(like milk, and prostitutes), which bitcoin most certainly is not.  That is why I suggested Minexcoin either scrap the low volatility concept altogether and let it run like any other crypto(in which case I believe it could get very expensive), or you need to keep it in a 5% range of its close in relation to Euros or Dollars.  There is no way you can tie the value to the 10 top cryptos and have a payment system in the real world that is not volatile.  Why is this so hard to understand?  Either way, Temhuk and a bunch of others will argue with me and tell me I am an idiot, but obviously we all have a different definition of the word "volatile" 

To prove my point, in the last month on that non-volatile example you provided, the price of MNX in dollars(y'know, those things you can actually buy stuff with) went from $10-$24.  That is pretty fuckin volatile

announcement

Coinmarketcap updated Circulating Supply for MNX and now Minex reached Rank 184 in top of all coins and tokens.

in one or maximum two months will be created own exchange and bank cards. MNX can't stay at 20$ after that. Plus after completing so big points in road map it will be much easyar to be listed at any exchange. This coin will be very popular 

Its been low volatility for over a month now.  https://invst.ly/6ptos

I would say the risk is the same as any other crypto currency, and the low volatility is more of a dream at this point and still an experiment.  The coin still moves significantly when Bitcoin does, so you can make or lose a decent amount on the swings of the coin.  As far as I understand masternodes, this is higher interest returns and less up front expense so it would be considered better than masternodes for the buyer.  Best  reason to be involved in Minexcoin this early in its adoption is simply bc compound interest is one of the greatest wonders of the world, at least according to Albert Einstein(but what does he know?  right)  If Minexcoin never gains any value and stays at 20$ for the next 3 years, (which I think is unlikely, I believe it will rise some) you can still make a shit ton of money owning if you reinvest all your parking rewards.  Do the math

Minexcoin have relatively lower risk of making and losing money. The parking is more of a masternode reward to me. But without spending so much money. Any amount can have a share with parking. That's why i keep on buying whenever i have some profits while trading.

as long as there is a park, the profits will always be there. I use the park 1 month because the percentage of MNX obtained is also high.
This coin is one of the stable coins as long as I invest in the crypto market   . keep it up team

In this area everything is changing very quickly. In particular, this applies to the amounts of fees. A year ago it was possible to run a mediocre website to mention there is a blockchain technology, it does not have any business and don't even have any plans to create it, and collect tens of millions of dollars. And now investors have become more cautious and in no hurry to carry money into the first project that they see.