Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MINT]Mintcoin, Energy Saving Coin With a Fast Distribution *18 exchanges
by
philipvdlinde
on 12/03/2014, 14:42:28 UTC
Respectfully, some people here have unrealistic expectations for this coin. I also hold a considerable amount of Mint and I think the coin has some limited potential, but it will never reach 1000+ sat.

1. A considerable amount of coins have already been mined and a significant amount will be minted. Anything over 20-30 million coins is way too much and will dilute the value of any coin. When a coin has a total supply of 18+ billion the coin is pretty much doomed. Over time Doge and other coins will also suffer because too many coins are in "circulation".

2. The developers are just not active enough. I hear many arguments that the developers have "lives" and families. We all have lives and families and no one forced the developers to release a coin. If you make the decision to develop a cryptocoin then you have to make the decision to actively promote and engage the users of the coin you created. If your fiat bank closed for a week and their explanation was: "we are closed for week  because we have lives and a family", you would withdraw all your funds from that bank immediately.

3. Perception is reality and quite frankly the website and logo is amateurish at best. No serious development team would have released that logo and website. Many excellent logos have been created by this community and after weeks of waiting I "think" one has finally been selected as the official new logo. And the fact the website was down for several days in unacceptable. A website being hacked or DDoS is no excuse for not being able to find a new host within hours and having the site back up.

4. It is too easy to create and launch a coin, and anyone with a computer and the ability to copy and paste can create a "new" coin in a matter of minutes. Many coins are being released by teenagers in foreign countries that have a limited understanding about software development and have no clue how financial markets work.

Unfortunately the fundamentals do not support Mint being a long term investment, and after a few minor pumps and dumps it will eventually settle in the single digit sat range.

I agree with your arguments, but I definitely think that MINT has the potential to reach triple digit prices in satoshis.