Post
Topic
Re: Minexcoin - A new era of payments
by
sweatyfrominvesting
on 25/04/2018, 13:38:28 UTC

So let me get this straight:

The algorithm, that is supposed to autonomously choose interest rates to affect the buying and selling of MNX works, and the CEO just came out and says: "we are MANUALLY changing the rates to these numbers as of May 16th"

And where in the algorithm is the arithmetic for that???  And I am dense???  If they are manually choosing the interest rate numbers, where is the use of the algorithm at all???
You seem to have not even been paying attention for the past 6 months, punty. The Minexbank has always been autonomous and has had people check over the Bank's decision before applying the new rates, this is how they tune it and find bugs to make the Bank's decisions better in-line with the yearly goal and market situation. Algorithms don't build themselves you fool, that's why there's a team of programmers.

The sole reason there Bank's algorithm is closed source is because no one would benefit from it if it was open source, all it does is create parking contracts and allocate a small portion of the bank reserve for clients. If you got your hands on it all you could do is put your own assets up for grabs from people who opt in.

Think before you post punty.