Quote from: ATXsilver on March 03, 2014, 03:23:14 AM

Quote from: crowbart on March 03, 2014, 12:06:04 AM

Quote from: b-raptor on March 02, 2014, 11:45:56 PM

Time to panic sell. Devs have bailed on us...

Correct me if i'm wrong. The dev's had 700 million coins premine for development/promotions. They have not accounted for any of this publicly (fine, w/e). A few posts back they asked for 5 million from the community to get some Mintcoin/USD exchange going. Basically this says there is no development coin left. The way I see it, if there is no coin left for development/promotion then they must have been the ones that dumped and killed their own coin for profit. Try not to flame. If you see this differently then please logically explain your arguments.

For anyone who can read between the lines..... The point that the Dev asked for 5 million MintCoins and ONLY THEN will he Create a USD/MINT exchange should let everyone exactly what is going on here. A Dev asking for millions more mint on top of his personal 700 million fortune to do basic support projects for a coin that is not even a month old?

When you have premine of 1% why do you need to ask for 5 million more in order to do something positive for your own Alt Coin? Is the 700 million that should be set aside for long-term value creation not enough for this Developer? 5 million more Magical MintCoins will satisfy his greedy cravings? Then the next project 5 million more and so on? There is a ransom that must be paid if you want this Dev to work hard at the success of this coin?

Please tell me that the Cult of Mint is not that naive.

I like how the original poster asking this question is attacked ad hominem as being a 'troll' while no supporters of MintCoin care to offer any logical explanation to counter his argument. So let's try this again, someone who is a strong supporter of MINT should accept this challenge and offer a solution or explanation as to why someone with 700 million PreMined MintCoin would need 'Just 5 million more' to do what it is already his responsibility to do. Does he not even have 5 million left of the pre-mine to offer a programmer to create this Mint/USD exchange?

What is truly scary, is that the 'blind faith' followers of this coin are not using logic or reason to support their coin. They just say 'Ignore' 'Go Away Troll' 'All you post is negativity' etc. Why not attack the substance of the man's argument and not his ego/personality? Are there no die-hard MINT supporters who are capable of defending these attacks on their coin with reason and truths?

Sadly, the only poignant conclusions are coming from those who fear that MintCoin may have been subjected to a pump-n-dump, and left the bag-holding sheep who bought this at 30-60 satoshi to sit and watch daily as their MintCoins are becoming more and more worthless.

WHY DOES THE DEV NEED 5 MILLION ADDITIONAL COINS TO CREATE A MINT/USD EXCHANGE THAT HE SHOULD BE PAYING FOR OUT OF THE PRE-MINE?

Everyone take a moment and think about the kind of people who would be attracted to a 'non-regulated' brand new form of currency which the pool of investors are mostly composed of computer nerds, tech savvy miners, and 14 year old kids using daddys money? These people have absolutely NO IDEA what it means to be an investor or trader, or have any knowledge at all of how free-markets function and how they can be manipulated to the advantage of the DEVS as well as those who are RICH IN BTC or deception.

Sadly, I fear many of you are but sheep being led to slaughter by a Wolf in Sheep's clothing.

From what I recall, they stated the 5 million would be used to gauge how popular the idea is. If the amount can't be reached, they figure there is no interest in such an exchange and they won't waste resources developing it. Perhaps a simple poll would of sufficed.