Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MINT]Mintcoin, Energy Saving Coin With a Fast Distribution *CoinPayments
by
machasm
on 01/03/2014, 07:50:49 UTC
so, I have a lot of friends who own businesses that I could approach to accept Mintcoin (or any coin for that matter),  What's my argument to make it worth their while?  What do I say to:

1.  There's too much volatility.  The price drops, I lose money. (My answer: The price could go up. But not everyone wants the risk.  I've never understood this about merchants that take Bitcoin either.)  Any better arguments?

2.  Who is going to use that?

3.  Why, when I can just take cash or credit?

4.  What about hacking and theft?

5.  What if I lose a hdd and lose my wallet?  I can't back it up every time I have a transaction.

I'm just playing devil's advocate here, but I think these are just some of the concerns to be addressed if we want widespread adoption.

Please, only educated responses.

Not sure about most of these but for number #5 you could use RAID mirrored as well as a good backup strategy.
Then if a drive goes down you still have a mirrored copy from which you can restore.
Do not rely on this only though and do regular backups.
Furthermore, even if the had were to crash, so long as you have a copy of the wallet you will still be able to rebuild all your transactions.