Topic: Minexcoin - A new era of payments - page 530. (Read 646965 times)

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!...

He has the enthusiasm though. By  the looks of his username, it sure is created only for  this MNX coin, he must have a lot of time  that he created an email only for it and yet he left.  He must have bought more MNx by now since it dropped from $70 to$20 already. Consider him gone now, must be  parking his coin days ago already.

Haha I think he left    

Minexcoin Info:
Hashrate:47.09 MSol/s Difficulty: 2.4116355619992

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

Price of MNX: $26.34

Nope, but you can park your trojans and viruses of all sorts (troll inside...)

Not necessarily. You have to consider your timing when you enter.
Also consider the business cycle, start - grow - expansion - peak - contraction - trough - exit or start to expand again.
 

Microsoft can I park my car?

Microsoft started at $0.0062 and peaked at $84. It makes 1354838%.
Should I jump to the conclusion that Microsoft is a better opportunity ?

Cool team by the way

The assumption I used in my blog is: [assuming that the MNX price remains constant at $20; I did not changed the interest rates above because on the longer term the price of MNX will go higher but the interest rates will go lower (as MNX becomes stable); on conservative note, changing one variable is appropriate so that the returns will not be extremely high].



I think 2438% (without transaction cost) returns over one year is realizable as MNX returns in just one month ( see below) have reached is 5,998%.


Let's see the MNX history. The lowest was $1.15 and the highest as of this writing is $70.31. If you buy 1 MNX at $1.15 and sell at $70.31, the returns is 5998% (without the transaction cost).



Thanks.

 

If a coin rises very quickly, its fall is very fast. As long as it does not go slowly, it's always the same scenario.

Wow....nice to see some smart people out there. Not like our minexcoinisuseless dimwit

WTF are you retarded or just fucking stupid??

someone is stocking some MNX.

It seems that you have not read the white paper after all.
MinexBank reduces supply with increasing price.

Please refer to pages 9 to 11 of the white paper.
Perhaps everything you want to know is written.

Such rates are sustainable for short periods. That's why daily/weekly/monthly/yearly rates need to be carefully watched regularly along with other parameters. But you don't seem to care anyway.

then why are you still here? we can't win because if i said that it is really 0.89% daily ( which is true ) you will say that "the maximum supply of MNX will quickly be reached and no more interest will be paid out, ever. "
and if it is like what youre saying then you will say that a per anum interest is very long.

Yes it is 0.89% per day, I personally try it but keep in mind that it will most probably change very soon

Thats it because he can not calculate it on its own 

How many MNX have you bought from the dumping? you continue to troll here?