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Topic: Minexcoin - A new era of payments - page 529. (Read 646965 times)

full member
Activity: 168
Merit: 100
LoyalCoin-Redefining Customer Loyalty
December 08, 2017, 11:06:03 AM
Minex is pumping right now so don't be surpised if there is a dump at the end of this.  I think right now, the true valuation of minexcoin is around $25 USD. You can ride the pump of minexcoin but be extra careful at buying at the peak, because it could dump at anytime.  This coin is supposed to have a health grow, roughly around +/- 5% each day.

minexcoin is not the only one who is pumping almost all altcoins do.. because BTC is dumping at small rates.
full member
Activity: 238
Merit: 100
December 08, 2017, 11:04:46 AM
Minex is pumping right now so don't be surpised if there is a dump at the end of this.  I think right now, the true valuation of minexcoin is around $25 USD. You can ride the pump of minexcoin but be extra careful at buying at the peak, because it could dump at anytime.  This coin is supposed to have a health grow, roughly around +/- 5% each day.
full member
Activity: 168
Merit: 100
LoyalCoin-Redefining Customer Loyalty
December 08, 2017, 10:56:35 AM
altcoins are getting greener and greener now.
sr. member
Activity: 728
Merit: 252
Healing Galing
December 08, 2017, 10:50:53 AM
MNX $35.31  ... on a roll

Where is minecoinisuseless now??
haha, he probably bought it when it fell below $20.
He seems to have just repeated FUD to get MNX cheap.

I planned to buy a cheaper MNX. But before I got Fiat money ...
I hope MNX falls again and will stabilize below $ 20.
Everytime i see a new user only posting on a single thread and also a newbee are people who have agendas. 1st , for personal gains. So he likely bought a couple of MNX when it fell bellow 111k this day. That is his agenda, thinking he can manipulate people. The user doesn't even have the guts to use his main BCT account.
sr. member
Activity: 896
Merit: 289
Twitter: @BTY_11073
December 08, 2017, 10:42:10 AM
MNX $35.31  ... on a roll

Where is minecoinisuseless now??
haha, he probably bought it when it fell below $20.
He seems to have just repeated FUD to get MNX cheap.

I planned to buy a cheaper MNX. But before I got Fiat money ...
I hope MNX falls again and will stabilize below $20.
newbie
Activity: 3
Merit: 0
December 08, 2017, 10:40:47 AM
a slow price rise with steady rates would be the best what could happen to long-term investors
member
Activity: 168
Merit: 10
December 08, 2017, 10:22:41 AM
MNX $35.31  ... on a roll

Where is minecoinisuseless now??

Probably joining all the buddies who last summer were crying and calling MNX a scam, then selling their bounties for $1/coin once it was live on livecoin. I feel like sometimes people really prefer to learn their lessons the hard way Smiley
full member
Activity: 420
Merit: 100
December 08, 2017, 10:12:45 AM
 Grin   lol..............
full member
Activity: 143
Merit: 120
December 08, 2017, 10:12:24 AM
I think MNX will get new pump very soon Smiley just needs BTC to stabilise a bit.
member
Activity: 148
Merit: 10
December 08, 2017, 10:10:16 AM
MNX $35.31  ... on a roll

Where is minecoinisuseless now??
full member
Activity: 168
Merit: 100
LoyalCoin-Redefining Customer Loyalty
December 08, 2017, 10:10:15 AM
MNX $31.97 wohoo

already at $35.27 USD.. hope it stays for long Smiley
sr. member
Activity: 728
Merit: 264
December 08, 2017, 10:03:03 AM
Parking rates still very good. Mnx did a healthy correction. There is no similar cryptocurrency prividing parking service. I did not sell my mnx. I wanna hold this for a long time. Hope we can gain great!
member
Activity: 148
Merit: 10
December 08, 2017, 10:00:24 AM
MNX $31.97 wohoo
sr. member
Activity: 728
Merit: 259
December 08, 2017, 09:59:46 AM
Please let me know how to setup mxminer on Windows vps? It really does not work for me. Can you PM me?
ask here mate https://web.telegram.org/#/im?p=@mxpool
member
Activity: 378
Merit: 10
December 08, 2017, 09:57:59 AM
Please let me know how to setup mxminer on Windows vps? It really does not work for me. Can you PM me?
sr. member
Activity: 728
Merit: 259
December 08, 2017, 09:52:13 AM
the parking percentage depends on the price value.. if ever minexcoin price becomes really high
the interest rate becomes really low..

Yes I understand that, my worst case scenario is "what if the price if really high and starts going down". Those in control of minexbank could use their "power" (their influence on the market through the interest rates) to somehow control the market and make the highest profit possible. How can we differenciate a legit change of interest rates that aims at keeping the volatility low, and a change that would mainly benefit the MNX creators by market control?
The "only blackbox" in the minex ecosystem is the algorithm that is(or will be) used to decide the interest rate. And any blackbox can be used fraudulently, no?

Maybe some safeguard were given in the white paper and I missed them?
The best safeguard is time and reputation of the company(like for any other company or goverment in the world). In few years MinexSystems will be big corporation, and bank is just first step in this long road.
hero member
Activity: 1148
Merit: 512
December 08, 2017, 09:47:53 AM
Minexcoin Info:
Hashrate: 47.31 MSol/s Difficulty: 2.4116355619992

MinexBank Rates:
Daily: 0.89% Weekly: 4.5% Monthly: 13.9% Yearly: 70%

Price of MNX: $18.76

It's quite cheap for me to buy some MNX coins to park on minexbank platform .
it's running smoothly and I will not sell this coin if it can not hit 50$ again .
I think Parking MNX coins is a good choice at this time with daily plan or weekly plan .
newbie
Activity: 77
Merit: 0
December 08, 2017, 09:44:21 AM
Hmm seems that suprnova Pool is down.
Or can anyone else her on the mnx site?
mpy
newbie
Activity: 3
Merit: 0
December 08, 2017, 09:38:32 AM
the parking percentage depends on the price value.. if ever minexcoin price becomes really high
the interest rate becomes really low..

Yes I understand that, my worst case scenario is "what if the price is really high and starts going down". Those in control of minexbank could use their "power" (their influence on the market through the interest rates) to somehow control the market and make the highest profit possible. How can we differenciate a legit change of interest rates that aims at keeping the volatility low, and a change that would mainly benefit the MNX creators by market control?
The "only blackbox" in the minex ecosystem is the algorithm that is(or will be) used to decide the interest rate. And any blackbox can be used fraudulently, no?

Maybe some safeguard were given in the white paper and I missed them?


EDIT:
I should be more accurate about my worst case scenario. When I speak of a high value that starts going down, I imply that the price is going down for a legit reason (a flaw in the code, many exchanges that, for no reason, decide not to trade MNX anymore, anything that would hurt MNX in the long term so that we are in a position where almost all MNX holders will want to sell and limit damages). What I fear is that those behind Minexbank use interest rates to delay (for one day? one week?) the moment where many will sell their MNX on a trading platform. The minex creators would have a significant advantage as they would be the first ones to sell their own MNX before the price goes down significantly.
Such a scenario is highly unlikely, I just wonder whether some safeguards were put in place to ensure minexbank will only be used for its purpose and not fraudulently, just that.
full member
Activity: 168
Merit: 100
LoyalCoin-Redefining Customer Loyalty
December 08, 2017, 09:32:05 AM
Central bank and crypto just can't live under the same roof

I rather think that central banks and crypto "shouldn't" live under the same roof, but MNX and minexbank show that they can.
Well, Minexbank aims only at keeping low volatility and a fixed increase rate in MNX/USD change value, it misses one key mission of central banks that is creating new coins, so MinexBank is not strictly speaking an actual central bank.

My only concern about Minexbank is when they declare on their website "First Trustless Bank". Ok I do not need to trust them by sending them my coins, we are far from the Ponzi scheme of Bitconnect here. But I still need to trust the fact that if I park my coins, I will indeed receive a "reward" for that. And that the minexbank reserves will only be used to reach the official goals of minexcoin (low volatilty mainly). For now, I think all payouts were indeed fulfilled, but what ensures me that it will always be the case?
Let's assume that one day MNX reaches really high value, starts to lose its value significantly (like we saw the last few days) and that the team behind minexbank is actually a group of scammer that will try to get the most money possible while they can, their strategy could be:
1- Prevent people from selling their MNX by showing really high parking rates on minexbank
2- Sell their own MNX
3- Stop paying parking interests to most minexcoin holders but themselves
I read the white paper and the memorandum, but did not found anything that makes this scenario impossible, did I missed something?

I want to insist on the fact that I started investing in cryptos a month ago, I hold bitcoin, Litecoin and Minexcoin and I do believe that minexcoin has a bright future. I'm not a FUDer, and I hope my post will not prevent anyone from buying MNX and will make the price rise up again.

The only thing that would make me stop having MNX would be the creation of a similar coin, where the role of Minexbank would be somehow distributed between miners. For instance, to park my coin I would have to send a signed message on the blockchain saying that I will keep a certain amount of MNX on my wallet for 7 days and I would claim my reward after this delay by sending an other message, then my reward would be send to me in the next block. The algorithm to choose the next parking rates would also need to be distributed among miners... Until the emergence of such a coin, I stay on board with minexcoin!...

the parking percentage depends on the price value.. if ever minexcoin price becomes really high
the interest rate becomes very low..
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