Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MINT]Mintcoin, Energy Saving Coin With a Fast Distribution *17 Exchanges
by
Alakazam2000
on 09/03/2014, 17:53:20 UTC
It just leaves people puzzled? You just have to write down a few words on the debug window, I can't see anything puzzling with that unless you have some mental issues.
Your point about the stack function is wrong, you can spend Mints whenever you want, you decide to spend it or hold it, you are not obligated to hold it and by the way 20% per YEAR is not THAT MUCH considering it will decrease to 5% per year...

Two things: 1st I am able to use a debug window, but I bet the majority out there don't even know that there is a debug window in every client.
2nd I NO WHERE claimed, that one is FORCED to keep them, but ENCOURAGED by the model. It is a currency that ENCOURAGES people not to use it as a currency because it's value is supposed to rise.
I don't get why this is so hard to understand.

From the FAQs in page 1:

Quote
3. what does that mean in the wallet : Minting suspended due to locked wallet?
This says you can not do mining due to wallet encrypted.
you need to unlock the wallet in order to mine (for example for PoS blocks):
mintcoin-qt -server
mintcoind walletpassphrase true
still unclear? read this post

I think it's clear enough, and if it isn't there is a link where it's explained step by step you just have to click.

Yeah people are encouraged to hold the coin, but as you can see not everyone is gonna hold it as they are not obligated so I don't see the points of you argument where you claim that if you don't spend a coin it is whorthless: since you are not obligated to hold, the coin is not necessairly worthless. Much logic? Oh and by the way, holding a coin forever is just not profitable since at a certain point it will be more profitable to sell than to hold even if you get some interests. (And thats obvious since if you are not going to spend a single mint in your entire life there is no point on getting the interests lol)