Quote from: StickyKind on February 22, 2014, 06:36:01 AM

Quote from: ahhmenuts on February 22, 2014, 06:24:36 AM

Where have people talked about the fallacy this coin has in its PoS strategy? Holding coins (based on coin days) generates income. What is the actual calculation here?

Can someone give some examples of people holding say 1000 coins, and the particular gains they'll make if

a) They hold for an entire period

b) They trade consistently but average 1,000 coins over a period

c) They start with 1,000 coins but end up with 100 at the end of the a period

Seems to me that transacting coin is far more valuable in the crypto market...Why? Because spending money makes money.

In fiat with banking systems money that is 'HELD' so to speak is not actually held, it is lent to others to make money.

Anyone care to discuss these points?

Also where is the transparency on the bounties? The development work? Is everyone going to be wolonged here?

Calc? 20% 1st year
   15% 2nd year
   10% 3rd year
   5% succeeding years.

http://mintcoin.cc/about-mintcoin/

a. percentage off the period held.
b. no payout if you trade. if in wallet for month continuous.
c. 1000 coins 20% = 1200 coins after year 1

You have 2 variables: Time is a big one. Let me ask you, how long does it take for an internet currency to be adapted, and used? About 5 years.
Yes transactions are important, hence the need to keep a coin distributed in many hands and has longevity. IF the coin stays in existence for 5 years, by then it will be used traded and invested.

Fiat Banking System remark: Your living in 0% interest time period. Where they will charge you to park your money in a savings account. That is what you call Backwardation, or for the bipolar: a fucked up market. hardly free! IT is rigged. Free markets would be paying interest.
So what you want to know about the 1913 fiat gang?

Held? Your maintaining value by not selling during the 5 years it takes to maintain stability and adapt to usage.

Hope this answers your questions.

That isn't a technical calculation. And I think your answers to a), b), and c) are all extremely ambiguous.

Where is the incentive for people to use their MintCoin for trade? It looks like anyone who sells MintCoin will be forgoing a 20% annual interest rate in the first year on that money??

Is it some sort of obligation to assume someone who asks valid questions not here to see crypto like this succeed? I'm trying to understand how others see it working in commerce, that's what's important for the adoption of a particular coin. I have three degrees. Two are masters in international business, and applied finance. I would like to encourage people who can discuss this at the appropriate level to add their views. I'm in for 12M MintCoin currently, I'm not swayed by short term gains I have no need for additional liquidity.

Why does it seem all the kids here are threatened by intellectual discourse?