Re: [ANN][MINT] Mintcoin (POS) (5%) – New Wallet v2.0.2 released 3/1/16
I can’t help but chime in. That is 1 BIG big takeaway; the fact that you have to opt for trust in a centralized 3rd party, rather than promoting the decentralized option. One thing interesting too is your valuation in fiat vs valuation in crypto.
Another thing to note: A lifetime contract is still limited to a lifetime. No future generations. No ability to pass on your inheritance to your children’s’ children? No generational wealth potential.
There is a good Proverb 13:22 “A good man leaveth an inheritance to his children’s children: and the wealth of the sinner is laid up for the just.”
I leave you with some thoughts:
People find waiting for a larger reward more difficult when an immediate reward is physically close to them, openly visible, or partially sensed.
The best traders think differently from the rest. The best traders aren’t afraid.
Afraid of: 1. being wrong. 2. losing money. 3. missing out. 4. leaving money you could have taken on the table.
These are the four primary trading fears. Your fears will act against you in such a way that you will cause the very thing you are afraid of to actually happen.
Learning to accept the risk is a trading skill; the most important skill you can learn. Develop the skill of risk acceptance.
The cold hard reality of trading is that every trade has an uncertain outcome. Confidence and fear are contradictory states of mind that both stem from our beliefs and attitudes. Eliminate the tendency to rationalize, hesitate, jump the gun, hope that the market will give you money, or hope that the market will save you from your inability to cut your losses. Trade without the slightest bit of fear, but do not allow yourself to become reckless. This is vital. You can’t work on overcoming it, though, if you don’t even know it is a problem. No matter how good a trade looks, it could lose. So however, eliminating fear is only half the equation; the other half is the need to develop restraint. Eventually we all, even the best, experience a losing trade. The markets are just too erratic and are too many variables to consider for anyone to be right every time. The right mindset is like unto a restaurant owner incurring the expense (loss) of having to buy food, to keep the business going. If you never accept the times you need to be buying the food, you will be permanently out of business.
(1.) Moral happiness depends upon moral order. (2.) Moral order depends upon the harmonious action of all our powers, as individuals and as members of society.
Advertised sites are not endorsed by the bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
Lol I’m not looking to leave my 2.5 Thash power to anyone. It will be worthless in less than 4 years. I think my point has been missed that I wanted SOMETHING for my Mint before it was nothing. I’ve had the hashing power for months, long before I sold my MINT.
And yes, fiat and crypto go hand in hand. That’s why it’s compared to Usd. I don’t measure Mint or Btc in any other way. Seems stupid to say 1 Mint = 3 potatoes. The reason the gold standard was a thing was because ppl could associate how valuable fiat is in comparison to it. Eventually when we move toward crypto, we can leave fiat behind just as we did with gold but for now ppl need to associate the value of crypto with something they know. (Difference being gold is actually a valuable resource, not just paper)
And as for trading, my years spent Forex trading and writing EAs has had its shares of ups and downs. I’m not afraid to lose when I know I’m managing my risk correctly. I’m just not willing to lose it for nothing. If MINT manages to stay a BTC pairing and maybe grow a few sats, why couldn’t I invest back in? Maybe I’ll get some on its 5Th bday
Anyways great chats and wish MINT all the best.
IMO, in 4 years, MINT will not be worthless; not only that, but it will keep on minting. Big assumption to say that it is going to nothing.
Anyway, today marks the 3-year point since MINT became POS only.
Here are a few MINTCOIN NETWORK STATISTICS as of March 9, 2017:
Total MINT coins outstanding: 24,218,802,628 Total value per Mintcoin: $0.000035 USD or .00000003 BTC Total market capitalization: $867,273 USD or 722.7 BTC Total time as Proof of Stake only: 1,097 days Total time since 5% APR: 97 days Total coins Ever Minted since pure POS only: 5,608,089,338 Total coins Minted since 5% APR: 318,802,628
Total value of coins Ever Minted: $196,283 USD or 163.5 BTC Total value of coins Minted since 5% APR: $11,158 USD or 9.3 BTC
Average Value Minted per day from coins ever minted: $179 USD or .15 BTC
I hope this helps some to understand. Mintcoin is so mint!
Enjoy!
(1.) Moral happiness depends upon moral order. (2.) Moral order depends upon the harmonious action of all our powers, as individuals and as members of society.
Jr. Member Offline
Activity: 55
I noticed that Fuzzbawls, the MINT developer, is also one of the developers of PIVX, a privacy based PoS coin which has been soaring in price lately. I have downloaded the PIVX wallet to check it out and compare and it really loads fast and runs using about 1/6 the RAM that MINT does. Is there any possibility that since we have Fuzzbawls as our dev, the beneficial features of PIVX code such as anononiminty, instant transactions, and wallet performance optimizations will be migrated into MINT? I like the features of PIVX, and I see why people like it, except I believe MINT’s proof of stake parameters are much better and more fair for long-term growth and sustainability. And the 5% APR is perfect for long-term growing. Privacy in coins seem to be all the rage now and I for one would welcome the changes neccesary to upgrade MINT code to allow for Master Nodes coin mixing anononiminty, faster transactions, and smoother overall performance, such as faster loading times and less RAM usage. MINT uses a lot of RAM compared to other wallets and I’m not entirely sure why. I know MINT has a lot of coins and a lot of blocks and 2x faster block speed even than PIVX which is nice. But what I’m saying is, average user will probably not tolerate running a wallet if it seems like such a hog.and people want privacy/anonymity. I think if MINT were to adopt these PIVX features, it would bring new life into this coin. Regardless of what others might think, MINT has the best proof of stake parameters of all the coins. This is the core of our coin; what makes Mintcoin MINT! But I believe MINT is being held back by a lack of optimization and technological advances that didn’t exist in the beginning. What does Fuzzbawls think? Anyone else on board with me? If so, how can it be done? What is our roadmap for development? I think if even just the word gets out that MINT is going to implement similar PIVX anonymous/privacy features and upgrades, as part our development roadmap, then it will give MINT a big boost. And once finally implemented, I see MINT becoming a top 10 contender. I for one am willing to invest big into MINT if this roadmap becomes a reality. Demand for privacy is big. Before people are going to store a lot of wealth on this coin people will demand these features.
I noticed that Fuzzbawls, the MINT developer, is also one of the developers of PIVX, a privacy based PoS coin which has been soaring in price lately. I have downloaded the PIVX wallet to check it out and compare and it really loads fast and runs using about 1/6 the RAM that MINT does. Is there any possibility that since we have Fuzzbawls as our dev, the beneficial features of PIVX code such as anononiminty, instant transactions, and wallet performance optimizations will be migrated into MINT? I like the features of PIVX, and I see why people like it, except I believe MINT’s proof of stake parameters are much better and more fair for long-term growth and sustainability. And the 5% APR is perfect for long-term growing. Privacy in coins seem to be all the rage now and I for one would welcome the changes neccesary to upgrade MINT code to allow for Master Nodes coin mixing anononiminty, faster transactions, and smoother overall performance, such as faster loading times and less RAM usage. MINT uses a lot of RAM compared to other wallets and I’m not entirely sure why. I know MINT has a lot of coins and a lot of blocks and 2x faster block speed even than PIVX which is nice. But what I’m saying is, average user will probably not tolerate running a wallet if it seems like such a hog.and people want privacy/anonymity. I think if MINT were to adopt these PIVX features, it would bring new life into this coin. Regardless of what others might think, MINT has the best proof of stake parameters of all the coins. This is the core of our coin; what makes Mintcoin MINT! But I believe MINT is being held back by a lack of optimization and technological advances that didn’t exist in the beginning. What does Fuzzbawls think? Anyone else on board with me? If so, how can it be done? What is our roadmap for development? I think if even just the word gets out that MINT is going to implement similar PIVX anonymous/privacy features and upgrades, as part our development roadmap, then it will give MINT a big boost. And once finally implemented, I see MINT becoming a top 10 contender. I for one am willing to invest big into MINT if this roadmap becomes a reality. Demand for privacy is big. Before people are going to store a lot of wealth on this coin people will demand these features.
Yes I’m currently working with PIVX on a few things that will (eventually) lead to improvements for MINT. There is a very big technical road block that affects both projects’ optimization and performance. Speaking about resource usage, you really can’t compare MINT to coins with shorter chains, as resource usage does scale with chain length. most coins will consume similar resources given similar chain lengths. That isn’t to say there aren’t further optimizations that can be done.
I myself don’t see MINT moving towards privacy/anon focused features. Given the number of recent coins doing that, I feel that there are enough coins focusing on that already and would like to see MINT have a different focus. That is of course just my own opinion and my opinion alone is not the deciding force as to where MINT goes.
Jr. Member Offline
Activity: 55
MINT is stuck at the “Big Bump in the Road” for POS projects.
They are basically the masternodes concept, before that word became hip.
So if you want to stake the bigger more popular coin, the POS miners need to move up the ladder and host a fulltime all the time node, that means a dedicated machine. You usta be able to mine BTC on a PC, usta;)
Is there instrct for installing MINT on a server?
What do you mean? MINT doesn’t have Master Nodes, at least not yet…. That is what I am saying we should add them and introduce privacy/anonymity into MINT.
PIVX requires 10,000 coins out of their roughly 53,000,000 total to form a master node.
If MINT decided to implement this, using a similar % of coins required to create a master node, then a MINT master node would require roughly 5,000,000 coins.
But since MINT has better staking parameters with the 20 days wait, there is more opportunities. We could lower the coin requirements, so even say 1,000,000 coins for a master node and that way with the same.captial, you could form 5 times as many master nodes and make the anononiminty 5x stronger and involve 5x as many participants.
Jr. Member Offline
Activity: 55
I noticed that Fuzzbawls, the MINT developer, is also one of the developers of PIVX, a privacy based PoS coin which has been soaring in price lately. I have downloaded the PIVX wallet to check it out and compare and it really loads fast and runs using about 1/6 the RAM that MINT does. Is there any possibility that since we have Fuzzbawls as our dev, the beneficial features of PIVX code such as anononiminty, instant transactions, and wallet performance optimizations will be migrated into MINT? I like the features of PIVX, and I see why people like it, except I believe MINT’s proof of stake parameters are much better and more fair for long-term growth and sustainability. And the 5% APR is perfect for long-term growing. Privacy in coins seem to be all the rage now and I for one would welcome the changes neccesary to upgrade MINT code to allow for Master Nodes coin mixing anononiminty, faster transactions, and smoother overall performance, such as faster loading times and less RAM usage. MINT uses a lot of RAM compared to other wallets and I’m not entirely sure why. I know MINT has a lot of coins and a lot of blocks and 2x faster block speed even than PIVX which is nice. But what I’m saying is, average user will probably not tolerate running a wallet if it seems like such a hog.and people want privacy/anonymity. I think if MINT were to adopt these PIVX features, it would bring new life into this coin. Regardless of what others might think, MINT has the best proof of stake parameters of all the coins. This is the core of our coin; what makes Mintcoin MINT! But I believe MINT is being held back by a lack of optimization and technological advances that didn’t exist in the beginning. What does Fuzzbawls think? Anyone else on board with me? If so, how can it be done? What is our roadmap for development? I think if even just the word gets out that MINT is going to implement similar PIVX anonymous/privacy features and upgrades, as part our development roadmap, then it will give MINT a big boost. And once finally implemented, I see MINT becoming a top 10 contender. I for one am willing to invest big into MINT if this roadmap becomes a reality. Demand for privacy is big. Before people are going to store a lot of wealth on this coin people will demand these features.
Yes I’m currently working with PIVX on a few things that will (eventually) lead to improvements for MINT. There is a very big technical road block that affects both projects’ optimization and performance. Speaking about resource usage, you really can’t compare MINT to coins with shorter chains, as resource usage does scale with chain length. most coins will consume similar resources given similar chain lengths. That isn’t to say there aren’t further optimizations that can be done.
I myself don’t see MINT moving towards privacy/anon focused features. Given the number of recent coins doing that, I feel that there are enough coins focusing on that already and would like to see MINT have a different focus. That is of course just my own opinion and my opinion alone is not the deciding force as to where MINT goes.
What focus would you like to see? What is the development roadmap for MINT?
Any plan on putting advertising and promotional campaign so that MINT can become popular again?
Promise & Perils of Cryptocurrency – US Congress Recorded July 18th, 2018 Witnesses testify at a House Financial Services subcommittee on the whether the government should consider cryptocurrencies as money and their potential domestic and […]
Altcoin Today Commodities Firms Complete Blockchain Pilot for Black Sea Wheat Commodities Firms Complete Blockchain Pilot for Black Sea Wheat Swiss-based Transoil International and Solaris Commodities have conducted a blockchain pilot transaction of Black Sea wheat, S&P Global reports Nov. […]
![Re: [ann][mint] mintcoin (pos) (5%) - new wallet v2. 0. 2 released 3/1/16](https://bitcointalk.org/Themes/custom1/images/ip.gif "Re: [ann][mint] mintcoin (pos) (5%) - new wallet v2. 0. 2 released 3/1/16")
