Just a quick reminder that the copycat coin Bitcoin Interest (BCI) is still out there, alot of people in their announce topic still unaware that it's a ripoff. I just made a post in that topic again. I urge you guys to to do the same, show your disapproval
Look at the user name that started the project, kyrptocash. He made many posts in May and June in the minexcoin's announcement page. We all know that this guy copied minexcoin 100 percent and he may get away with it due to the large mass adoption he has by bitcoin holdes.
Not worried at all,I suspect extremely low interest rates. Minexcoin works because it has from the first block replenished the minexbank reserves. So basically each coin in existence due to the mining is backed by a small amount of minexbank reserve. Now imagine the BCI snapshot. hundreds of thousands will from the start be available for parking, only backed by the initial reserve. That reserve will be in bad shape from the start, having to catch up from day one. I don't be believe for a second that BCI will be able to provide ample interest rates without depleting reserve. It's a flawed fork.