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

[stormia]

Poof. Buy walls are gone. Success, Anonymousg64? Or just coincidence?

[Anonymousg64]

The formula is coin age + number of coins. We've seen orphans from people who's coins weren't sufficiently aged, or they didn't have enough of them. These have to be re-staked.

Just based off of that alone, his proposal is impossible. The micro transactions would just be orphaned. Anyway, we've allowed him to take over the thread with a half baked theory, which has now been debunked. Moving on.

from my observations, its exactly 20 days, no matter how much coins you have
orphans are immediately re-staked, usually caused by another block being accepted before yours propagated

spending coins will affect previous coins, which usually explains those who get delays

[Anonymousg64]

Poof. Buy walls are gone. Success, Anonymousg64? Or just coincidence?

im not interested in mint value so coincidence

[stormia]

this is what you said on the Zeit forum, over an hour ago: https://asktom.cf/index.php?topic=487814.msg5962705#msg5962705

"It seemed to make sense from my limited understanding and lack of awareness in the specific algorithms for proof of stake


currently looking at the source code, its likely i was wrong

if only it wasn't such a disorganized mess i could of avoided this embarrassment"

[stormia]

Poof. Buy walls are gone. Success, Anonymousg64? Or just coincidence?

im not interested in mint value so coincidence

Well to be fair I wasn't suspecting you are interested in Mint value. I was suspecting that you are interested in the value of another, possibly "competing" coin. Or perhaps you are just interested at getting mint at a lower value because you know how awesome it is    ?

[Gates123]

Mintcoin is really good Coin. I told it to my neighbor friends and family ,everyone bought 1 btc

[deadmanwalking]

this is what you said on the Zeit forum, over an hour ago: https://asktom.cf/index.php?topic=487814.msg5962705#msg5962705

"It seemed to make sense from my limited understanding and lack of awareness in the specific algorithms for proof of stake


currently looking at the source code, its likely i was wrong

if only it wasn't such a disorganized mess i could of avoided this embarrassment"

UGH. Go get your Mints people. They won't be cheap forever.

[Anonymousg64]

im still on the fence


can someone explain how this stops someone from generating lots of PoS blocks 20 days in the future from a bunch of TX's with small interval, whether through one or multiple wallets

Code:

ss << nStakeModifier;
ss << nTimeBlockFrom << nTxPrevOffset << txPrev.nTime << prevout.n << nTimeTx;
hashProofOfStake = Hash(ss.begin(), ss.end());
if(CBigNum(hashProofOfStake) > bnCoinDayWeight * bnTargetPerCoinDay)
    return false;

im not well enough versed with the code to know what these variable names imply

[stormia]

im still on the fence


can someone explain how this stops someone from generating lots of PoS blocks 20 days in the future from a bunch of TX's with small interval, whether through one or multiple wallets

Code:

ss << nStakeModifier;
ss << nTimeBlockFrom << nTxPrevOffset << txPrev.nTime << prevout.n << nTimeTx;
hashProofOfStake = Hash(ss.begin(), ss.end());
if(CBigNum(hashProofOfStake) > bnCoinDayWeight * bnTargetPerCoinDay)
    return false;

im not well enough versed with the code to know what these variable names imply

IMO this is another reason why you should be directly asking devs- people who are likely versed in the code and how exactly what these variables represent- instead of possibly crying wolf on a public thread.

[deadmanwalking]

im still on the fence


can someone explain how this stops someone from generating lots of PoS blocks 20 days in the future from a bunch of TX's with small interval, whether through one or multiple wallets

Code:

ss << nStakeModifier;
ss << nTimeBlockFrom << nTxPrevOffset << txPrev.nTime << prevout.n << nTimeTx;
hashProofOfStake = Hash(ss.begin(), ss.end());
if(CBigNum(hashProofOfStake) > bnCoinDayWeight * bnTargetPerCoinDay)
    return false;

im not well enough versed with the code to know what these variable names imply

Go ask blackcoin. Seriously. They like to answer tech questions. None of the tech guys are even online in this thread right now.

Edit: No worries, I posted it for you.

[draco71]

Since we are discussing tech stuff, do we have any news about coins getting matured earlier than expected?

I mean, I really do not mind having some more MINTs earlier than expected but on the other hand I am a bit worried about the inflation.
It is a different thing to have 20% more coins in 1 year than having them in, let's say, 8 months.

Did the devs commented on that? Maybe I missed it ...

[deadmanwalking]

Thunder coming  https://www.thunderclap.it/projects/9388-free-mintcoin-giveaway

[stormia]

Since we are discussing tech stuff, do we have any news about coins getting matured earlier than expected?

I mean, I really do not mind having some more MINTs earlier than expected but on the other hand I am a bit worried about the inflation.
It is a different thing to have 20% more coins in 1 year than having them in, let's say, 8 months.

Did the devs commented on that? Maybe I missed it ...

The overall inflation would be the same, it would only be accelerated since the final total number of coins is not changed. right? If anything else, the overall inflation would be less because it would transition to the lower inflation rate sooner?

[draco71]

I believe that in long term you are most probably right. However, in order for a coin to develop long term it should survive short term.

Well, I suppose that it will be a bumpier ride than initially expected, noting more, nothing less.

[Anonymousg64]

Since we are discussing tech stuff, do we have any news about coins getting matured earlier than expected?

I mean, I really do not mind having some more MINTs earlier than expected but on the other hand I am a bit worried about the inflation.
It is a different thing to have 20% more coins in 1 year than having them in, let's say, 8 months.

Did the devs commented on that? Maybe I missed it ...

The overall inflation would be the same, it would only be accelerated since the final total number of coins is not changed. right? If anything else, the overall inflation would be less because it would transition to the lower inflation rate sooner?

according to

Code:

int64 nSubsidy = nCoinAge * nRewardCoinYear / 365;

the 20% does not account for compounded rewards

[stormia]

Since we are discussing tech stuff, do we have any news about coins getting matured earlier than expected?

I mean, I really do not mind having some more MINTs earlier than expected but on the other hand I am a bit worried about the inflation.
It is a different thing to have 20% more coins in 1 year than having them in, let's say, 8 months.

Did the devs commented on that? Maybe I missed it ...

The overall inflation would be the same, it would only be accelerated since the final total number of coins is not changed. right? If anything else, the overall inflation would be less because it would transition to the lower inflation rate sooner?

according to

Code:

int64 nSubsidy = nCoinAge * nRewardCoinYear / 365;

the 20% does not account for compounded rewards

Okay so how does that change: "The overall inflation would be the same, it would only be accelerated since the final total number of coins is not changed."

And please, why are you still only scrutinizing and posting on mintcoin when every PoS coin is affected by everything you are saying here (assuming any of it is true).

[TequilaV]

What's the latest news about Mint? It is my baby, my heart belongs to Mint but it hasn't has some breaking news for along time. It looks lifeless.

[stormia]

What's the latest news about Mint? It is my baby, my heart belongs to Mint but it hasn't has some breaking news for along time. It looks lifeless.

Thunderclap tomorrow/today, sign up if you haven't already! https://www.thunderclap.it/projects/9388-free-mintcoin-giveaway

The mintcoin foundation is in the works atm.

Supposed to be a Android wallet on the way, too.

Lots of new merchants, as you can see, and more continue to be added very often.

Sleeepy time for me.

[Anonymousg64]

Since we are discussing tech stuff, do we have any news about coins getting matured earlier than expected?

I mean, I really do not mind having some more MINTs earlier than expected but on the other hand I am a bit worried about the inflation.
It is a different thing to have 20% more coins in 1 year than having them in, let's say, 8 months.

Did the devs commented on that? Maybe I missed it ...

The overall inflation would be the same, it would only be accelerated since the final total number of coins is not changed. right? If anything else, the overall inflation would be less because it would transition to the lower inflation rate sooner?

according to

Code:

int64 nSubsidy = nCoinAge * nRewardCoinYear / 365;

the 20% does not account for compounded rewards

Okay so how does that change: "The overall inflation would be the same, it would only be accelerated since the final total number of coins is not changed."

And please, why are you still only scrutinizing and posting on mintcoin when every PoS coin is affected by everything you are saying here.

same as what?
it wont be the expected 20%
you are looking at a maximum of 22%
but it wont be that because not all coins are minting with perfect 20 day cycles, some are not staking and some are being spent resetting the age


btw, i only answered out of my own will, im not scrutinizing mintcoin, i happen to be here with the source code open

[onebutton]

Mintcoin is really good Coin. I told it to my neighbor friends and family ,everyone bought 1 btc

Yes
Mintcoin is a very promising coins, I also bought a lot of
I believe that in the near future, the price will rise a lot!