[ANN] [MINT] Mintcoin (POS / 5%) [NO ICO] [Fair distro, community maintained]

[bob131313]

The problem of crypto is that it always repeats the same stupid model.

First phase - nobody cares, its called "randomisation phase". Just a coin release and nobody knows what will happen. You cant own them all because there are gazillions of coins coming to the market so even the best investor has to satisfy with random luck when choosing which coin should "make it".

Second phase - pump. It depends only on the success of its own success. Market cap or future market cap is totally irrelevant. Pumped coins get more pumped and point attraction. Its typical for them that the value reaches the value which the coin would get in few months or years in the best scenario of its future.

Third phase - dump. After peaking there appears a dump which takes usually few weeks. People realize that the value is really too big and start selling. It takes a while until the coin loses all value made by pump. Then usually comes the next phase  

4th phase - re-pump. When the value gets low enough and the coin gets slowly forgotten, there usually comes a re-pump usually made by new hype, few whales or just because it has fallen to satoshi value and technically it cant drop more. Because the coin is slowly forgotten, not too many sellers are active and watching the market so the pump is now possible again.

And then follows the 5th phase - last dump. After the last pump and dump the coin is usually stabilizing and being useless for Pump and Dump so it gets totally forgotten and left by everybody who is trading it for profit only and now the coin must show up his real abilities and innovation.

No coin has survived the 5th phase yet except bitcoin and maybe litecoin (however its discutable because litecoin has no real use). Doge is now between 4th and 5th phase. Mint is at 2nd phase.

Its very annoying that the price went to insane hights and we still dont know even a shit about its functionality. Will do the PoS work? Will the PoS be positive? The coin is one big pre-order, you pay for something what didnt show up yet. And its very annoying for real investors because they cant make a fair buy-in when the coin shows some potential. Just because they will come too late in potential dump phase no matter how well the coin will work.

In the meantime, that premine is going to make the creators bank

Mintcoin is unique, being negative about it won't get you anywhere. Maybe invest in Karmacoin, you might need it.

Really? Cause I see PoS implemented in Peercoin and Ultracoin, as well as various others.

To my knowledge, no coins are purely POS. Only mint does (after 5 weeks of mining)

Keep in mind that the POW mining goes to 1 per block, so the coin is never relying on just POS to mine transactions.

[CryptoMF]

I was just thinking about something. I know that is usually a bad idea...  I am assuming most people with large holdings of Mintcoin will be holding their coins long term so they get the PoS interest. What if another very very large holder has an emergency and has to cash out all their coins and get real money to pay for something urgent. If they do this then the price will go down very very far and the others are left with coins worth much less. Is there any way to stop this from happening?

Wtf...  What if you found out you needed to pull out alot of money from the bank to save the life of someone you love, is there any way to stop this from happening?  How does that sound to you?  

I meant stop them from making the price go lower. Not stop them from selling.

[deadmanwalking]

Other coins are proof of work + proof of stake for the life of the coin. The majority of Mintcoins produced(50 Billion) will be proof of stake.

People can still mine the coin in 5 weeks, but the reward will be small. So if you want in, it makes sense to buy.

After having said all that, I'm still weary of scamcoins. If this turns out to be a scamcoin it will be because PoS was never actually built into the code.

If someone can legitimately look at the code and let us all know that would be awesome. I would do it myself but I am not computer literate Grin

*reposted

[CryptoMF]

I was just thinking about something. I know that is usually a bad idea...  I am assuming most people with large holdings of Mintcoin will be holding their coins long term so they get the PoS interest. What if another very very large holder has an emergency and has to cash out all their coins and get real money to pay for something urgent. If they do this then the price will go down very very far and the others are left with coins worth much less. Is there any way to stop this from happening?

Damn you are retarded, no wonder you shill for this shitcoin.

Well what can I say. These are the kind of questions that keep me up at night. I thought you would like this as I am looking out for others by thinking through things. You are just angry you didn't think of it first.

[Gingermod]

I was just thinking about something. I know that is usually a bad idea...  I am assuming most people with large holdings of Mintcoin will be holding their coins long term so they get the PoS interest. What if another very very large holder has an emergency and has to cash out all their coins and get real money to pay for something urgent. If they do this then the price will go down very very far and the others are left with coins worth much less. Is there any way to stop this from happening?

Damn you are retarded, no wonder you shill for this shitcoin.

Well what can I say. These are the kind of questions that keep me up at night. I thought you would like this as I am looking out for others by thinking through things. You are just angry you didn't think of it first.

Go back to school

[Ferris419]

I was just thinking about something. I know that is usually a bad idea...  I am assuming most people with large holdings of Mintcoin will be holding their coins long term so they get the PoS interest. What if another very very large holder has an emergency and has to cash out all their coins and get real money to pay for something urgent. If they do this then the price will go down very very far and the others are left with coins worth much less. Is there any way to stop this from happening?

Damn you are retarded, no wonder you shill for this shitcoin.

Well what can I say. These are the kind of questions that keep me up at night. I thought you would like this as I am looking out for others by thinking through things. You are just angry you didn't think of it first.

Go back to school

Why are you still here?

Oh just trying to enlighten people I forgot sorry.

[Gingermod]

I was just thinking about something. I know that is usually a bad idea...  I am assuming most people with large holdings of Mintcoin will be holding their coins long term so they get the PoS interest. What if another very very large holder has an emergency and has to cash out all their coins and get real money to pay for something urgent. If they do this then the price will go down very very far and the others are left with coins worth much less. Is there any way to stop this from happening?

Damn you are retarded, no wonder you shill for this shitcoin.

Well what can I say. These are the kind of questions that keep me up at night. I thought you would like this as I am looking out for others by thinking through things. You are just angry you didn't think of it first.

Go back to school

Why are you still here?

Oh just trying to enlighten people I forgot sorry.

Idk, kinda a thrill in being mean.

[jdebunt]

coins4everyone pool disconnecting a lot today, please look into this

[slavo]

bought at 4 and 12 sat, earn a lot, I just dumped everything I hold.

Good luck holding your mint 

That's a nice run, I hope everyone profit, but i've some doubts about it.

[deadmanwalking]

I like to type out a post so it can get buried by replies to a troll.

Just kidding, I don't:

Other coins are proof of work + proof of stake for the life of the coin. The majority of Mintcoins produced(50 Billion) will be proof of stake.

People can still mine the coin in 5 weeks, but the reward will be small. So if you want in, it makes sense to buy.

After having said all that, I'm still weary of scamcoins. If this turns out to be a scamcoin it will be because PoS was never actually built into the code.

If someone can legitimately look at the code and let us all know that would be awesome. I would do it myself but I am not computer literate.

[Jeezy911]

bought at 4 and 12 sat, earn a lot, I just dumped everything I hold.

Good luck holding your mint 

That's a nice run, I hope everyone profit, but i've some doubts about it.

Thanks for the free interest

[CryptoMF]

bought at 4 and 12 sat, earn a lot, I just dumped everything I hold.

Good luck holding your mint 

That's a nice run, I hope everyone profit, but i've some doubts about it.

ummmm..why are you selling now? This has nowhere to go but up. The countdown has already started. You won't get those coins back now. Only the stake holders like us will make the real profits

[CryptoMF]

There really should be a public service announcement or something that selling your coins now is idiotic. The only way forward is to hold your coins and get the PoS stake year after year.

[ibitcoiner]

Do you know how long does it take for mintpal to withdraw BTC. I sold my mint and requested BTC withdrawal, but it is still pending after 2 hours.

I sent a ticket to their support but no answer !

[andyatcrux]

Well I think we may see a pull back to 30 satoshi momentarily, but agreed that it is a poor time to dump everything.

[andyatcrux]

Do you know how long does it take for mintpal to withdraw BTC. I sold my mint and requested BTC withdrawal, but it is still pending after 2 hours.

I sent a ticket to their support but no answer !

BTC transactions can take longer than that. Use your transaction ID and check the blockchain. If it is just confirming, then wait. No sense bogging down mintpal's support. Now if you don't have a TX ID than you may want to check if they require an email confirmation or what not.

[slavo]

bought at 4 and 12 sat, earn a lot, I just dumped everything I hold.

Good luck holding your mint 

That's a nice run, I hope everyone profit, but i've some doubts about it.

ummmm..why are you selling now? This has nowhere to go but up. The countdown has already started. You won't get those coins back now. Only the stake holders like us will make the real profits

Do you even think about how does this makes you rich ?

cheers

[guidosuller]

Hold This Position!!!....Roger that

[binaryclock]

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[andrealandia]

Dogecoin ( 100billion Coin) with no new feature  But with a fantastic community valued about 300satoshi
So mintpal that have 70billion and Good feature should value more than Dogecoin... So 46satoshi il already a Low value..