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

[deadmanwalking]

The people that move these coins around, buying and selling must like to not get free coins. Why would you day trade mint?

I totally agree, which is one thing that makes me a little nervous about the coin.  If everyone holds for POS, myself included, what will happen?  I'm not really interested in mining anymore because of profitability.  So the question is, who will mine, and who will use the coins (and where to use them) so that mining and minting are necessary.  It seems like we need a way to use these to keep the process going, otherwise it dies.  Any ideas anyone has on this would be appreciated.

50 Billion coins will still be mined after the mining period. This will be done through "minting" however. There will be no need for miners.

Developers are actively working to get merchants involved. Please visit Mintcoin.com for more information.

Thanks, this was helpful.  So is there no need to mine after switch to POS?  I know there is a 1 coin/block reward.  Just so I'm clear, mining would no longer be necessary, all confirmations takes place via minting?

It's my understanding that mining need not take place. People can still mine, but will only receive 1 per block. If the coins are distributed well enough, there will be enough people with wallets minting at any given time in order to sustain the network.

[bjmillican4]

The people that move these coins around, buying and selling must like to not get free coins. Why would you day trade mint?

I totally agree, which is one thing that makes me a little nervous about the coin.  If everyone holds for POS, myself included, what will happen?  I'm not really interested in mining anymore because of profitability.  So the question is, who will mine, and who will use the coins (and where to use them) so that mining and minting are necessary.  It seems like we need a way to use these to keep the process going, otherwise it dies.  Any ideas anyone has on this would be appreciated.

No, in fact the demand for this coin would go much up like in the case of Bitcoin how right now not many are selling it. The peopl who want mint would have to pay more for mint because noone is selling. economics 101 - supply and demand

+1 indeed

So you don't understand my post either.  I guess I'll try and rephrase it

[bjmillican4]

The people that move these coins around, buying and selling must like to not get free coins. Why would you day trade mint?

I totally agree, which is one thing that makes me a little nervous about the coin.  If everyone holds for POS, myself included, what will happen?  I'm not really interested in mining anymore because of profitability.  So the question is, who will mine, and who will use the coins (and where to use them) so that mining and minting are necessary.  It seems like we need a way to use these to keep the process going, otherwise it dies.  Any ideas anyone has on this would be appreciated.

50 Billion coins will still be mined after the mining period. This will be done through "minting" however. There will be no need for miners.

Developers are actively working to get merchants involved. Please visit Mintcoin.com for more information.

Thanks, this was helpful.  So is there no need to mine after switch to POS?  I know there is a 1 coin/block reward.  Just so I'm clear, mining would no longer be necessary, all confirmations takes place via minting?

It's my understanding that mining need not take place. People can still mine, but will only receive 1 per block. If the coins are distributed well enough, there will be enough people with wallets minting at any given time in order to sustain the network.

Got it.  You get a gold star for being the only person who understood my question, and helping.  The next idiot that says Econ 101 to me without having a fucking clue what economics really is, loses 3 gold stars.

[deadmanwalking]

People who sold tonight, may be sorry in the morning. It seems our Chinese typing friend may be telling the truth.

[deadmanwalking]

The people that move these coins around, buying and selling must like to not get free coins. Why would you day trade mint?

I totally agree, which is one thing that makes me a little nervous about the coin.  If everyone holds for POS, myself included, what will happen?  I'm not really interested in mining anymore because of profitability.  So the question is, who will mine, and who will use the coins (and where to use them) so that mining and minting are necessary.  It seems like we need a way to use these to keep the process going, otherwise it dies.  Any ideas anyone has on this would be appreciated.

50 Billion coins will still be mined after the mining period. This will be done through "minting" however. There will be no need for miners.

Developers are actively working to get merchants involved. Please visit Mintcoin.com for more information.

Thanks, this was helpful.  So is there no need to mine after switch to POS?  I know there is a 1 coin/block reward.  Just so I'm clear, mining would no longer be necessary, all confirmations takes place via minting?

It's my understanding that mining need not take place. People can still mine, but will only receive 1 per block. If the coins are distributed well enough, there will be enough people with wallets minting at any given time in order to sustain the network.

Got it.  You get a gold star for being the only person who understood my question, and helping.  The next idiot that says Econ 101 to me without having a fucking clue what economics really is, loses 3 gold stars.

What, no cookie?  Have you checked out Mintcoin.com yet?

[zack5104]

This might be a great coin but if you cant get the wallet to work (sync) what good is it?
Ive tried everything, older versions, the newest version, editing the config file, deleting the config file, to no avail.  It will not sync.

Though I admit Im a "newbie" Ive had other wallets.  Gamecoin wallets, Feathercoin wallets, Litecoin wallets, UTC wallets, Betacoin wallets even a Barbecue wallet without any problems whatsoever.

So, Im just giving my 2 cents worth, if you find people are abandoning this coin its no because they dint have faith in it.  Its because its self-defeating without a wallet that could work.

This is total BS. I have a 1 wallet on mac and 1 on windows running fine. If you're being genuine, I suggest you back up your wallet.dat file or send you coins to an exchange, then do a re-install. You could also start a new user account and do a fresh install there, sounds to me like you deleted something you shouldn't have.

Can you post you conf file?  Also, have you deleted everything in the AppData/Roaming file?  Delete the entire Mint file there, then reinstall.

Save the conf file to Mint in the AppData/ Roaming location.  Then open Mint.  I've had problems like this with other wallets.  One thing that may work is to delete the rpcport from the conf file.  Start Mint wallet, let it sync, then close it.  Thenadd the rpc line  back to the conf  file and reopen the wallet.  I have no idea why, but this has worked for me with other wallets.


  http://img40.imagevenue.com/loc438/th_653616991_nosyncMINT2_122_438lo.jpg
    

I have no coins within the wallet since the wallet was never functional.  I do however have coins Ive been mining at pools.  In any case, the coins earned are useless unless the wallet becomes functional.  I am happy yours is.  Perhaps its a similar case of receiving graphics cards, and one of them doesnt work.  But in this case Ive downloaded multiple wallets and none of them work.

Just incase the embedded image doesnt work (and it probably wont since Im not that technologically savvy), my proof is in the linked image here: img40.imagevenue.com/img.php?image=653616991_nosyncMINT2_122_438lo.jpg
Best of luck to all, whatever coin you may treasure.

Well, Thanks for the encouragement bjmillican4.


After rebooting my comp, and using the suggested addnodes (listed below) and adding them BOTH to the CONFIG file in the application folder AND copying the same config file to the application/roaming folders I was able to get it to sync.

Seems the kicker here is to add that config file with the newer addnodes into the application/roaming area than within the original downloaded folder the wallet came with.
Course a reboot, or two, on the ole comp can always be a charm.

Thanks again,  bjmillican4, for egging me on




  http://img165.imagevenue.com/loc539/th_656956561_sync_122_539lo.jpg
    

or

http://img165.imagevenue.com/img.php?image=656956561_sync_122_539lo.jpg

ITS SYNCING!!!

ADDNODES.
Remember to report HERE C:\Users\cls2\AppData\Roaming\MintCoin
as well as
HERE  C:\Users\cls2\Desktop\ALLCOINFOLDERS, the place you originally downloaded the wallet client to, these addnodes:

testnet=0
listen=1
addnode=144.76.220.169
addnode=213.114.153.118
addnode=1.80.150.168
addnode=184.72.188.245
addnode=162.243.4.85
addnode=115.28.140.128
addnode=113.135.64.107
addnode=27.33.253.164
addnode=209.190.29.2
addnode=155.210.52.121
addnode=62.178.31.2
addnode=91.228.76.83
addnode=115.29.224.192
addnode=128.199.255.172
addnode=223.199.16.58
addnode=23.253.55.13
addnode=162.243.70.241
addnode=107.170.26.18
addnode=115.28.177.49
addnode=93.78.120.235
addnode=218.77.97.176
addnode=182.112.134.112
addnode=155.210.52.121
addnode=94.194.77.2
addnode=5.255.66.44
addnode=115.28.129.207
maxconnections=100
server=1
daemon=1
rpcuser=yourser
rpcpassword=yourpw
rpcport=12789
rpcconnect=127.0.0.1


And a good ole reboot never hurt a thing neither.
Thanks for the help guys and gals

[zhangsanfeng]

People who sold tonight, may be sorry in the morning. It seems our Chinese typing friend may be telling the truth.

今晚有惊喜

[ccienet]

Another market   https://www.allcrypt.com/market?id=157

[bjmillican4]

People who sold tonight, may be sorry in the morning. It seems our Chinese typing friend may be telling the truth.

I speak chinese and it seems legit too me.  The more the merrier.

Your point about the $50b is taken.  We just need the coin to get used.  I'll do whatever I can to help.  I've been studying cryptos for a while, not really in it for the money.  I'm interested in bringing it to the masses.  Whoever can achieve that will provide a model for so many amazing concepts, not just crypto.  People create all these coins over and over, without ever taking the next step.  Not even Bitcoin has made the breakthrough.  IMO, it just needs excellent marketing and a simplified delivery mechanism that your basic pc user can understand.  Opening markets to use the coins is a very small part of the process.  The big picture is to design a currency that large populations of people will be excited to adopt, without any technological hurdles in the way.

I don't have the answers, only questions that hopefully steer the discussion in the right direction.

Peace

[bjmillican4]

This might be a great coin but if you cant get the wallet to work (sync) what good is it?
Ive tried everything, older versions, the newest version, editing the config file, deleting the config file, to no avail.  It will not sync.

Though I admit Im a "newbie" Ive had other wallets.  Gamecoin wallets, Feathercoin wallets, Litecoin wallets, UTC wallets, Betacoin wallets even a Barbecue wallet without any problems whatsoever.

So, Im just giving my 2 cents worth, if you find people are abandoning this coin its no because they dint have faith in it.  Its because its self-defeating without a wallet that could work.

This is total BS. I have a 1 wallet on mac and 1 on windows running fine. If you're being genuine, I suggest you back up your wallet.dat file or send you coins to an exchange, then do a re-install. You could also start a new user account and do a fresh install there, sounds to me like you deleted something you shouldn't have.

Can you post you conf file?  Also, have you deleted everything in the AppData/Roaming file?  Delete the entire Mint file there, then reinstall.

Save the conf file to Mint in the AppData/ Roaming location.  Then open Mint.  I've had problems like this with other wallets.  One thing that may work is to delete the rpcport from the conf file.  Start Mint wallet, let it sync, then close it.  Thenadd the rpc line  back to the conf  file and reopen the wallet.  I have no idea why, but this has worked for me with other wallets.


  
    

I have no coins within the wallet since the wallet was never functional.  I do however have coins Ive been mining at pools.  In any case, the coins earned are useless unless the wallet becomes functional.  I am happy yours is.  Perhaps its a similar case of receiving graphics cards, and one of them doesnt work.  But in this case Ive downloaded multiple wallets and none of them work.

Just incase the embedded image doesnt work (and it probably wont since Im not that technologically savvy), my proof is in the linked image here: img40.imagevenue.com/img.php?image=653616991_nosyncMINT2_122_438lo.jpg
Best of luck to all, whatever coin you may treasure.

Well, Thanks for the encouragement bjmillican4.


After rebooting my comp, and using the suggested addnodes (listed below) and adding them BOTH to the CONFIG file in the application folder AND copying the same config file to the application/roaming folders I was able to get it to sync.

Seems the kicker here is to add that config file with the newer addnodes into the application/roaming area than within the original downloaded folder the wallet came with.
Course a reboot, or two, on the ole comp can always be a charm.

Thanks again,  bjmillican4, for egging me on




  
    

or

http://img165.imagevenue.com/img.php?image=656956561_sync_122_539lo.jpg

ITS SYNCING!!!

ADDNODES.
Remember to report HERE C:\Users\cls2\AppData\Roaming\MintCoin
as well as
HERE  C:\Users\cls2\Desktop\ALLCOINFOLDERS, the place you originally downloaded the wallet client to, these addnodes:

testnet=0
listen=1
addnode=144.76.220.169
addnode=213.114.153.118
addnode=1.80.150.168
addnode=184.72.188.245
addnode=162.243.4.85
addnode=115.28.140.128
addnode=113.135.64.107
addnode=27.33.253.164
addnode=209.190.29.2
addnode=155.210.52.121
addnode=62.178.31.2
addnode=91.228.76.83
addnode=115.29.224.192
addnode=128.199.255.172
addnode=223.199.16.58
addnode=23.253.55.13
addnode=162.243.70.241
addnode=107.170.26.18
addnode=115.28.177.49
addnode=93.78.120.235
addnode=218.77.97.176
addnode=182.112.134.112
addnode=155.210.52.121
addnode=94.194.77.2
addnode=5.255.66.44
addnode=115.28.129.207
maxconnections=100
server=1
daemon=1
rpcuser=yourser
rpcpassword=yourpw
rpcport=12789
rpcconnect=127.0.0.1


And a good ole reboot never hurt a thing neither.
Thanks for the help guys and gals

Glad you got it working.  I've gotten pissed and posted about bad wallets too.  It happens to everyone.  Not sure why your trouble.  It should be easier.  Everyday people are never going to use crypto if they have to deal with these problems.

[futile-resistance]

The people that move these coins around, buying and selling must like to not get free coins. Why would you day trade mint?

I totally agree, which is one thing that makes me a little nervous about the coin.  If everyone holds for POS, myself included, what will happen?  I'm not really interested in mining anymore because of profitability.  So the question is, who will mine, and who will use the coins (and where to use them) so that mining and minting are necessary.  It seems like we need a way to use these to keep the process going, otherwise it dies.  Any ideas anyone has on this would be appreciated.

No, in fact the demand for this coin would go much up like in the case of Bitcoin how right now not many are selling it. The peopl who want mint would have to pay more for mint because noone is selling. economics 101 - supply and demand

+1 indeed

So you don't understand my post either.  I guess I'll try and rephrase it

Mintcoin still has the functionality and advantages of POW cryptocurrencies. You can send and receive units of value anywhere in the world (extremely quickly and securely) for nominal fees, while also being confident that forgery and counterfeiting is impossible, or nearly impossible. You have to keep in mind though, the average person and investor will likely have little interest in mining cryptocurrencies, and many will have no interest in the underlying technology behind cryptocurrencies. If you present many people with the choice between a cryptocurrency that generates interest from unspent coins, versus a cryptocurrency with coins that people "make on their computer", which do you think they will choose?

It's not like mintcoin is suddenly unspendable, it simply generates extra coins from what you don't spend. It's like saying a person would prefer a no interest checking account with a high yield interest checking account (one with really good interest rates).

I'm not saying new people coming into cryptocurrencies won't be mining at all though, I'm just saying I've seen plenty of noobies in r/dogecoin mining with their Pentium 4s and getting 4kh/s. Most newcomers will be buying in, not mining in.

[bjmillican4]

so, I have a lot of friends who own businesses that I could approach to accept Mintcoin (or any coin for that matter),  What's my argument to make it worth their while?  What do I say to:

1.  There's too much volatility.  The price drops, I lose money. (My answer: The price could go up. But not everyone wants the risk.  I've never understood this about merchants that take Bitcoin either.)  Any better arguments?

2.  Who is going to use that?

3.  Why, when I can just take cash or credit?

4.  What about hacking and theft?

5.  What if I lose a hdd and lose my wallet?  I can't back it up every time I have a transaction.

I'm just playing devil's advocate here, but I think these are just some of the concerns to be addressed if we want widespread adoption.

Please, only educated responses.

[wakasaki808]

so, I have a lot of friends who own businesses that I could approach to accept Mintcoin (or any coin for that matter),  What's my argument to make it worth their while?  What do I say to:

1.  There's too much volatility.  The price drops, I lose money. (My answer: The price could go up. But not everyone wants the risk.  I've never understood this about merchants that take Bitcoin either.)  Any better arguments?

2.  Who is going to use that?

3.  Why, when I can just take cash or credit?

4.  What about hacking and theft?

5.  What if I lose a hdd and lose my wallet?  I can't back it up every time I have a transaction.

I'm just playing devil's advocate here, but I think these are just some of the concerns to be addressed if we want widespread adoption.

Please, only educated responses.

I personally believe that Overstock, and most others just sells it the moment they get Bitcoin for example, but that's because they got a BTC -> USD exchange. Others not so sure about.

Don't think that will change until Bitcoin and others create much more volume which will reduce all the volatility that is currently seen in the price.

[ccienet]

People who sold tonight, may be sorry in the morning. It seems our Chinese typing friend may be telling the truth.

今晚有惊喜

What surprises?

[deadmanwalking]

Here is a sneak peak of the wallet coming up.

There is even the possibility of extra features being integrated into the wallet but more of that later.



www.mintcoin.cc

Scroll down the homepage and look at the testimonials (the team is growing).

Looking great!!
A sugestion: Add a button or menu option to unlock wallet for minting. MANY people seem to have a problem unlocking it...

Bringing this to front. More user friendly wallet, somewhere on here it was mentioned a button for unlocking the wallet would be implemented.

[philipvdlinde]

Here is a sneak peak of the wallet coming up.

There is even the possibility of extra features being integrated into the wallet but more of that later.



www.mintcoin.cc

Scroll down the homepage and look at the testimonials (the team is growing).

Looking great!!
A sugestion: Add a button or menu option to unlock wallet for minting. MANY people seem to have a problem unlocking it...

Bringing this to front. More user friendly wallet, somewhere on here it was mentioned a button for unlocking the wallet would be implemented.

Awesome wallet, is this v 1,5?

[machasm]

so, I have a lot of friends who own businesses that I could approach to accept Mintcoin (or any coin for that matter),  What's my argument to make it worth their while?  What do I say to:

1.  There's too much volatility.  The price drops, I lose money. (My answer: The price could go up. But not everyone wants the risk.  I've never understood this about merchants that take Bitcoin either.)  Any better arguments?

2.  Who is going to use that?

3.  Why, when I can just take cash or credit?

4.  What about hacking and theft?

5.  What if I lose a hdd and lose my wallet?  I can't back it up every time I have a transaction.

I'm just playing devil's advocate here, but I think these are just some of the concerns to be addressed if we want widespread adoption.

Please, only educated responses.

Not sure about most of these but for number #5 you could use RAID mirrored as well as a good backup strategy.
Then if a drive goes down you still have a mirrored copy from which you can restore.
Do not rely on this only though and do regular backups.
Furthermore, even if the had were to crash, so long as you have a copy of the wallet you will still be able to rebuild all your transactions.

[deadmanwalking]

Here is a sneak peak of the wallet coming up.

There is even the possibility of extra features being integrated into the wallet but more of that later.



www.mintcoin.cc

Scroll down the homepage and look at the testimonials (the team is growing).

Looking great!!
A sugestion: Add a button or menu option to unlock wallet for minting. MANY people seem to have a problem unlocking it...

Bringing this to front. More user friendly wallet, somewhere on here it was mentioned a button for unlocking the wallet would be implemented.

I assume so, not on the development team. It should be next release though.

Awesome wallet, is this v 1,5?

[Jeezy911]

so, I have a lot of friends who own businesses that I could approach to accept Mintcoin (or any coin for that matter),  What's my argument to make it worth their while?  What do I say to:

1.  There's too much volatility.  The price drops, I lose money. (My answer: The price could go up. But not everyone wants the risk.  I've never understood this about merchants that take Bitcoin either.)  Any better arguments?

2.  Who is going to use that?

3.  Why, when I can just take cash or credit?

4.  What about hacking and theft?

5.  What if I lose a hdd and lose my wallet?  I can't back it up every time I have a transaction.

I'm just playing devil's advocate here, but I think these are just some of the concerns to be addressed if we want widespread adoption.

Please, only educated responses.

Oh I can tell you one really good reason why. Us! Its called tapping into a new market, you accept BTC you just found a new demographic of 10s of thousands of potential new customers.

[bjmillican4]

The people that move these coins around, buying and selling must like to not get free coins. Why would you day trade mint?

I totally agree, which is one thing that makes me a little nervous about the coin.  If everyone holds for POS, myself included, what will happen?  I'm not really interested in mining anymore because of profitability.  So the question is, who will mine, and who will use the coins (and where to use them) so that mining and minting are necessary.  It seems like we need a way to use these to keep the process going, otherwise it dies.  Any ideas anyone has on this would be appreciated.

No, in fact the demand for this coin would go much up like in the case of Bitcoin how right now not many are selling it. The peopl who want mint would have to pay more for mint because no one is selling. economics 101 - supply and demand

+1 indeed

So you don't understand my post either.  I guess I'll try and rephrase it

Mintcoin still has the functionality and advantages of POW crypto currencies. You can send and receive units of value anywhere in the world (extremely quickly and securely) for nominal fees, while also being confident that forgery and counterfeiting is impossible, or nearly impossible. You have to keep in mind though, the average person and investor will likely have little interest in mining crypto currencies, and many will have no interest in the underlying technology behind crypto currencies. If you present many people with the choice between a crypto currency that generates interest from unspent coins, versus a crypto currency with coins that people "make on their computer", which do you think they will choose?

It's not like mintcoin is suddenly unspendable, it simply generates extra coins from what you don't spend. It's like saying a person would prefer a no interest checking account with a high yield interest checking account (one with really good interest rates).

I'm not saying new people coming into cryptocurrencies won't be mining at all though, I'm just saying I've seen plenty of noobies in r/dogecoin mining with their Pentium 4s and getting 4kh/s. Most newcomers will be buying in, not mining in.

What you are saying makes sense, and I have a full understanding and complete knowledge of everything you said.  My point is, how to keep it going?  It has to be used somewhere.  In the current P&D system we have, I can't see ANY alt crypto having much of a future.  I've been mining BTC since 2011 and in that time I've seen it grow, but nothing like it should have.  BTC has grown extremely resilient to external forces, but that resilience only comes from a dedicated community.  And let's be honest, that community is largely made up of computer geeks (myself included).  It's the same for any coin.

My opinion is that we have to achieve widespread use of Mint (or your own favorite coin).  How long will any coin last unless it breaks out of the current cycle all alt coins are stuck in.  Personally, I don't understand any excitement over any of the coins in place today.  People are betting on Flappy, and Grumpy, and Pot, and Dope.  I'm not putting these coins down, they all have their place, but it seems to prove the point that ALL alt coins are whimsical unless there can be a breakthrough to the general public.  If a coin can achieve that, it would even leave BTC far behind.

I'm just trying to move things forward.  The Mint community seems to be in the game for the long haul.  But how long is that?  Anyone thinking these coins can last without more adoption is fooling themselves.