Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MINT]Mintcoin, Energy Saving Coin With a Fast Distribution *6 Exchanges
by
svojoe
on 21/02/2014, 18:36:28 UTC

or it we finally have a coin that makes sense - if you think about the power required to keep bitcoin going or any PoW coin - it is a waste of electricity


Yet for investors/speculators, PoW coins can make more sense. PoW need to be worth more because it must cover the expenses of mining. PoS won't have the overhead costs so its coins can get by with being valued much lower. In general PoW coins should be worth much more than PoS.

I'm not so sure,  PoW does make sense that the cost of mining is part of the 'base' value.  But the mining does act as inflationary agent.  Sure we all know there is 'cap' on the number of coins.  But a persistent demand must exist to purchase the coins as they are produced.  With MINT, there is no more supply at all in a few weeks.  This means no coins being dumped for insta-mining profit.

And the coins pay interest,  20% is massive, it could easily overcome a slight loss in market value over that time.  MINT would be a safe bet in turbulent crypto waters.

It is going to be interesting.