I have an honest question.
To an investor in wall street how can i explain in a single powerpoint slide why Blackcoin has bigger Market Cap than Mintcoin, they have same features. Mint was released 10 days before and is hybrid POW/POS, to an outsider they are practicaly the same
Im conducting investing rounds, i now FAST/POS is the future and i need your side of the story, for an possible investment.
Thanks.
To an investor in wall street how can i explain in a single powerpoint slide why Blackcoin has bigger Market Cap than Mintcoin, they have same features. Mint was released 10 days before and is hybrid POW/POS, to an outsider they are practicaly the same
Im conducting investing rounds, i now FAST/POS is the future and i need your side of the story, for an possible investment.
Thanks.
1. Mintcoin is pre-mined by the developer. Roughly 3% of the total money supply he gave to himself. The crypto community tends not to like such schemes.
2. Mintcoin dev launched the coin saying the pre-mined coins would be spent on bounties etc but weeks later he refuses to list what he spent the coins on.
3. Mintcoin has 20% rate of interest compared with Blackcoin 1% rate of interest. The higher the rate of interest the great the dampening/suppressive effect it has on price as some of those new coins will get dumped on the market.
4. Blackcoin has a great developer. He's responded very quickly to any issues that have arisen.
5. The community has pioneered innovative concepts eg the blackconimultipool, a pool to boost blackcoin price whilst decrease the price of competing alt coins. Encouraging for the future.
6. Community and trading volume. Mintcoin trading volume is tiny. Very few people are buying and selling it on exchanges which suggests to me a lot of the activity in the mintcoin community is sockpuppets (one person with multiple accounts).
Those are specific reasons. There's lots of general reasons why two clones with identical features (seemingly) have different values. Feathercoin is a clone of Litecoin with 4 times as many coins and it has been out for 9 months and is nowhere near Litecoin's price. Community support is a huge factor in a coins success (see dogecoin for example).
MINT is PoW/PoS hybrid so it doesn't have blackcoin security flaws
I have an honest question.
To an investor in wall street how can i explain in a single powerpoint slide why Blackcoin has bigger Market Cap than Mintcoin, they have same features. Mint was released 10 days before and is hybrid POW/POS, to an outsider they are practicaly the same
Im conducting investing rounds, i now FAST/POS is the future and i need your side of the story, for an possible investment.
Thanks.
To an investor in wall street how can i explain in a single powerpoint slide why Blackcoin has bigger Market Cap than Mintcoin, they have same features. Mint was released 10 days before and is hybrid POW/POS, to an outsider they are practicaly the same
Im conducting investing rounds, i now FAST/POS is the future and i need your side of the story, for an possible investment.
Thanks.
1. Mintcoin is pre-mined by the developer. Roughly 3% of the total money supply he gave to himself. The crypto community tends not to like such schemes.
2. Mintcoin dev launched the coin saying the pre-mined coins would be spent on bounties etc but weeks later he refuses to list what he spent the coins on.
3. Mintcoin has 20% rate of interest compared with Blackcoin 1% rate of interest. The higher the rate of interest the great the dampening/suppressive effect it has on price as some of those new coins will get dumped on the market.
4. Blackcoin has a great developer. He's responded very quickly to any issues that have arisen.
5. The community has pioneered innovative concepts eg the blackconimultipool, a pool to boost blackcoin price whilst decrease the price of competing alt coins. Encouraging for the future.
6. Community and trading volume. Mintcoin trading volume is tiny. Very few people are buying and selling it on exchanges which suggests to me a lot of the activity in the mintcoin community is sockpuppets (one person with multiple accounts).
Those are specific reasons. There's lots of general reasons why two clones with identical features (seemingly) have different values. Feathercoin is a clone of Litecoin with 4 times as many coins and it has been out for 9 months and is nowhere near Litecoin's price. Community support is a huge factor in a coins success (see dogecoin for example).
MINT is PoW/PoS hybrid so it doesn't have blackcoin security flaws
+1. Pure PoS is new, which is exciting and has great potential, but its security has also not been as tried and tested.
LMAO MINT is pure PoS. Don't you clowns even know about the coin you are shilling? It was pow/pos initially, like Blackcoin was too. But they are now both pure proof of stake.
And lol at anyone who calls me a shill. I've been a member here for a year and have 400+ activity. Unlike a new account created to support Mint.
And as for mint being on more exchanges that strengthens my point. Even with the support of Cryptsy MINT still has a pathetically small trading volume. Some days less than 20 BTC traded on Mintpal for MINT compared to daily 400+ BTC blackcoin days for over a week.
Still waiting for that list on what all the MINT premine was spent on. Blackcoin has no premine and has brought more innovation to the table with the blackcoin multipool that mintcoin has then tried to unsuccessfully rip off.
So funny seeing all the mintcoin bagholders rush into the blackcoin topic to try and spread FUD. How do you think that looks to outsiders viewing this topic?
