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So this project is dead now.
Supply is at a low point and still no demand. Of course no demand. Who would buy this.
Genesis addresses will be refilled in no time, increasing the supply stupidly.
Watch out for the next 6 months when dev will be announcing major big news just to drop another load of free MNE on your face
Supply is at a low point and still no demand. Of course no demand. Who would buy this.
Genesis addresses will be refilled in no time, increasing the supply stupidly.
Watch out for the next 6 months when dev will be announcing major big news just to drop another load of free MNE on your face
Re: [ANN] Minereum - First Self Mining Smart Contract - ARTEMINE ICO NOW LIVE
MNE seems to be the most clever scam coin ever built.
First, the free stuff. Not even mining is necessary because with every ETH block built, there is MNE created.
Second, you gain trust by actually fulfilling your promises like the token creation service. i mean, its great and all, but there is no other stuff down the road.
In the meantime, you easily sell off your stash because you got it for free too. Much of it. Probably several hundred genesis addresses. Of course the pump is extremely helpful there.
Third, you generate more shills with a new coin which is directly linked to the first coin. Apparently, people will eat this shit up because the trust is already there. Does not matter that there was no info what this new coin actually does. The hype was real.
Great time to sell off again.
Forth, the new coin will be sold via ICO. Shillzzz. Since the stack is still not empty, there is a method to drop some more shitcoins on others. You can swap your useless MNE for a new coin which will too be mined free of charge.
Fifth, major selloff once the new coin is listed on the first exchange. Guess who will be able to sell off these coins? Since the ART generation will take ages, you need a massive stash of ART genesis addresses. Who will have those?? You can answer that for yourself.
i must say. Kudos to the allegedly swiss-based scammers
First, the free stuff. Not even mining is necessary because with every ETH block built, there is MNE created.
Second, you gain trust by actually fulfilling your promises like the token creation service. i mean, its great and all, but there is no other stuff down the road.
In the meantime, you easily sell off your stash because you got it for free too. Much of it. Probably several hundred genesis addresses. Of course the pump is extremely helpful there.
Third, you generate more shills with a new coin which is directly linked to the first coin. Apparently, people will eat this shit up because the trust is already there. Does not matter that there was no info what this new coin actually does. The hype was real.
Great time to sell off again.
Forth, the new coin will be sold via ICO. Shillzzz. Since the stack is still not empty, there is a method to drop some more shitcoins on others. You can swap your useless MNE for a new coin which will too be mined free of charge.
Fifth, major selloff once the new coin is listed on the first exchange. Guess who will be able to sell off these coins? Since the ART generation will take ages, you need a massive stash of ART genesis addresses. Who will have those?? You can answer that for yourself.
i must say. Kudos to the allegedly swiss-based scammers
Your summarize is done pretty well if you see what happened so far, just because this is obvious now.
But then you're still 2 steps behind the dev.
You have to think a bit further. If so, both MNE & ARTE would end in a total fail because trust is lost.
ARTE is directly linked to MNE though most of the investment came via MNE.
If the dev wants to give value to ARTE, he has to give value to MNE beforehand.
How to do so?
The dev could have cashed out a lot of BTC the last months.
Maybe 5 times enough to pump MNE to above $20 while the ICO runs.
Combined with an update on MNE, many of the initial MNE holders would jump back into MNE, knowing the fact that that's the way the dev does it. And he delivered again this way.
The real FOMO starts.
But now they have already sent their initial MNE stack to ARTE ICO, so they would have to buy the remaining MNEs, knowing the other facts that are obvious now.
The circulating MNE supply will be halved very soon, so MNE will be twice as volatile.
Awareness has been spread through many crypto channels, so a lot of additional investors could finally jump in.
What's the better: Run an ICO and collect 500.000 x $2, so $1 million in total or run the ICO collecting 500.000 x $20, so $10 million.
And again, this is seen from today.
By end of ICO, we'll probably talk about 800.000 burned MNE in my guess and also a lot ETH will be spent then.
Dev won't keep his mouth shut for the next 28 days while the ICO flatlines.
I totally agree with you guys that you could have done this much better if you go the traditional ICO way.
But the dev ain't no traditional guy, so think twice before you'll come to a conclusion.
Do you really think he'd dig out his own grave by showing you all his immense swap into ART at the artemine genesis explorer in live time ?
If it's him then it's just because he wants you to think exactly this way.
Just keep one of the most important crypto attitude in mind: If all are bearish be bullish!
* i fell for it as well.
* Genesis Holders will regenerate MNE in a few months. Then, there will be another "big" announcement, maybe even this useless pokemon app and then genesis holders will cash out again.
And lastly: mass-genesis-holders could not cash out all their stacks in the beginning because this would have crushed the price. Doing this via an ICO is brilliant and elegant. Once this hits the exchange, they will drop ART hard on every potential investor. With the gathered ETH, they will do some marketing before ART launches on an exchange.
Re: [ANN] Minereum - First Self Mining Smart Contract - ARTEMINE ICO NOW LIVE
MNE seems to be the most clever scam coin ever built.
First, the free stuff. Not even mining is necessary because with every ETH block built, there is MNE created.
Second, you gain trust by actually fulfilling your promises like the token creation service. i mean, its great and all, but there is no other stuff down the road.
In the meantime, you easily sell off your stash because you got it for free too. Much of it. Probably several hundred genesis addresses. Of course the pump is extremely helpful there.
Third, you generate more shills with a new coin which is directly linked to the first coin. Apparently, people will eat this shit up because the trust is already there. Does not matter that there was no info what this new coin actually does. The hype was real.
Great time to sell off again.
Forth, the new coin will be sold via ICO. Shillzzz. Since the stack is still not empty, there is a method to drop some more shitcoins on others. You can swap your useless MNE for a new coin which will too be mined free of charge.
Fifth, major selloff once the new coin is listed on the first exchange. Guess who will be able to sell off these coins? Since the ART generation will take ages, you need a massive stash of ART genesis addresses. Who will have those?? You can answer that for yourself.
i must say. Kudos to the allegedly swiss-based scammers
First, the free stuff. Not even mining is necessary because with every ETH block built, there is MNE created.
Second, you gain trust by actually fulfilling your promises like the token creation service. i mean, its great and all, but there is no other stuff down the road.
In the meantime, you easily sell off your stash because you got it for free too. Much of it. Probably several hundred genesis addresses. Of course the pump is extremely helpful there.
Third, you generate more shills with a new coin which is directly linked to the first coin. Apparently, people will eat this shit up because the trust is already there. Does not matter that there was no info what this new coin actually does. The hype was real.
Great time to sell off again.
Forth, the new coin will be sold via ICO. Shillzzz. Since the stack is still not empty, there is a method to drop some more shitcoins on others. You can swap your useless MNE for a new coin which will too be mined free of charge.
Fifth, major selloff once the new coin is listed on the first exchange. Guess who will be able to sell off these coins? Since the ART generation will take ages, you need a massive stash of ART genesis addresses. Who will have those?? You can answer that for yourself.
i must say. Kudos to the allegedly swiss-based scammers
Re: [ANN] Minereum - First Self Mining Smart Contract - ARTEMINE ICO SOON
THANK GOD we had a pump on MNE, I was about to write this off as a complete loss. If you didn't get out of MNE while you had the chance, you messed up big time. I see some people talking about converting their MNE to some other shitcoin? LOL...good luck with that. This was a garbage coin with a growing supply, I'm out.
i am still greedy enough to speculate on at least 12-14$ per token and then get out 
But i am afraid i might have missed the boat since there is just no sustainable and reasonable demand for Artemine (yet. But i doubt there will ever be a reason to invest in this)Re: [ANN] Minereum - First Self Mining Smart Contract - ARTEMINE ICO SOON
I've been relentlessly shilling MNE throughout the whole of this topic. Perfectly sensible thing to do for me since I own a genesis address and dev never asked for any money.
The recently announced ICO, and the way in which it is constructed, changes things around though.
Where we previously had an anonymous dev who was giving away money with a 3 page white paper with a lot of blank spaces we now have an anonymous dev who is asking for money with a 3 page white paper with a lot of blank spaces. Dev never disclosed the amount of genesis accounts dev owns. This wasn't a problem before because everything was for free.
Now we have Dev holding an ICO using both MNE and ETH but at a rate of 1 ETH to 10 MNE.
Naturally people will want to participate in the ICO of Minereum's magic Dev. They'll run to buy MNE because they'll get a far better rate using MNE for the ICO than when using ETH.
The result is a huge pump in price for MNE.
Nice for MNE holders such as me. And MNE holders such as Dev.
But hey, MNE Dev never disclosed how many genesis addresses he holds? It never was an issue because everything was always paid for and given for free. But it is an issue now all of a sudden. All of a sudden there is real money involved.
Could it be that dev is creating artifical demand for MNE so he can offload his stash? Could it be that Dev is looking for an exit?
Coins like Mastercoin and Nxt pulled exactly the same trick.
Any MNE holder at this point will want full proven disclosure on the amount of MNE genesis addresses Dev holds
I'm not calling scam here but there are red flags everywhere. I would hope Dev will address the issues I've just pointed out.
Look at the volumes. If we take into account, that most of the new people _right now_ want to buy in, and they mostly only buy from genesis holders (as others are holding too), you can figure out that there is a big ass dump from genesis holders onto new buyers. Just crunch the numbers. There is not that many MNE coins available yet, as they only get gradually mined. The recently announced ICO, and the way in which it is constructed, changes things around though.
Where we previously had an anonymous dev who was giving away money with a 3 page white paper with a lot of blank spaces we now have an anonymous dev who is asking for money with a 3 page white paper with a lot of blank spaces. Dev never disclosed the amount of genesis accounts dev owns. This wasn't a problem before because everything was for free.
Now we have Dev holding an ICO using both MNE and ETH but at a rate of 1 ETH to 10 MNE.
Naturally people will want to participate in the ICO of Minereum's magic Dev. They'll run to buy MNE because they'll get a far better rate using MNE for the ICO than when using ETH.
The result is a huge pump in price for MNE.
Nice for MNE holders such as me. And MNE holders such as Dev.
But hey, MNE Dev never disclosed how many genesis addresses he holds? It never was an issue because everything was always paid for and given for free. But it is an issue now all of a sudden. All of a sudden there is real money involved.
Could it be that dev is creating artifical demand for MNE so he can offload his stash? Could it be that Dev is looking for an exit?
Coins like Mastercoin and Nxt pulled exactly the same trick.
Any MNE holder at this point will want full proven disclosure on the amount of MNE genesis addresses Dev holds
I'm not calling scam here but there are red flags everywhere. I would hope Dev will address the issues I've just pointed out.
Re: [ANN] Minereum - First Self Mining Smart Contract - TOKEN SERVICE NOW LIVE
I'm back after a while because every time I check the price I get depressed, until now MNE has been my worst coin ever... Anyway I'm gonna hold and I'd like to understand one thing about the future (hopefully) version 2: those who already have Minereum don't automatically get the new coin as well, right? You have to choose which one you wanna keep?
Because I understand that from this message:
So what do we have to do, toss a coin and decide which token we want? I'm quite confused
Because I understand that from this message:
Keep in mind that Minereum will continue its own path independently of the new token and current holders will be able to convert MNE to the new token if they wish.
So what do we have to do, toss a coin and decide which token we want? I'm quite confused
What they mean:
We did a air drop and submitted 1000s of addresses and closed submissions in 24 hours. Generated 1000s of coins from our free accounts and been dumping it on everyone.
Volume dried up, price went to shit and no one interested anymore.
Do another new coin called it v2, separate from MNE and people can swap if they want. We get steal more coins and swap our free MNE also and dump on the new coin.
Shit reminds me of Zclassic and Zen...
This all has scam written all over it...
The total supply is still very low compared to most other coins so there is much potential for growth but it depends on many things to fall into place.
All the airdropped genesis accounts will continue mining for decades but inflation is IMO limited compared to some other Alts (e.g. Timereum as good example).
Current trade levels are too low to let MNE resurrect since the supply of coins keep the price low with limited demand. If demand increases the supply of coins will come from current investors and they will try to lift the price up. This is not a scam coin but you can argue about the level of professionalism to manage its awareness on a continuous base. All MNE needs is ongoing awareness to keep trading levels high, potentially bigger exchanges to attract more liquidity and a more active communicating dev who elaborates more about the stuff he is working on to keep the community reassured that long term hold is a good investment.
Don't get me wrong, I am also frustrated that so many potential gets lost due to long periods of seemingly inactivity of Dev but it can easily turnaround into a positive thing once he gets his act together and takes care of both the ATL as BTL elements of managing his enterprise.
Just wait until the details of the swap are more clear before commenting on it based on pure speculation. It might be very innovative and never tried before so that must be worth something right? Maybe in a while we look back to this moment and feel happy that we kept believing in it during these barren ages
Minereum has a special kind of Airdrop. Its actually still airdropping.
Basically, this was a pretty neat idea. There are a few lucky people to feed the market with coins, and if demand is high enough the price can be stable even if genesis holders continue to sell.
But whats happening right now is, that the demand is non existant and thus price is dropping to the floor because you simply can only feed genesis holders free money. When there is so little trading volume, you will only ever feed genesis holders.
As more and more coins are generated, price will continue to fall if there is no demand on the other side. (Guys, its always the same principle: supply & demand).
Right now, all that happens is genesis holders making free money. The price has to increase at least tenfold to have a healthy supply & demand market. If that does not happen, then this special kind of airdrop will fail the whole project.
Re: [ANN] Minereum - First Self Mining Smart Contract - TOKEN SERVICE NOW LIVE
I think this coin has vaporized.
Total absence and unwillingness of dev team to interact with the community has killed it.
So far investing in something where the dev wants to stay anonymous.
This is one of the worst managed coins around.
Its a shame for all the work dev did to get this out there but when Mne doesn't work Mne 2 won't be interesting as well.
I will wrap my coins for a birthday present now.
Good bye folks and good luck
Total absence and unwillingness of dev team to interact with the community has killed it.
So far investing in something where the dev wants to stay anonymous.
This is one of the worst managed coins around.
Its a shame for all the work dev did to get this out there but when Mne doesn't work Mne 2 won't be interesting as well.
I will wrap my coins for a birthday present now.
Good bye folks and good luck
The dev said that the new coin is going to be released by the end of this month:
https://bitcointalk.org/index.php?topic=1867535.msg20558048#msg20558048
So what are you complaining about exactly? You want dev to babysit you? lol
Good luck with your birthday present, you will realize you would be able to buy 1000 of those presents with the future price?
Maybe not so long.... next month we will have a boom
new coin, nme2, version 2
Honestly, who gives a f***?
How often do i have to reiterate that dev said this new coin will be completely separate from MNE. Just a side project with the gimmick to burn NME.
There is no development announced for NME. Period.
By now of course MNE will pump when dev makes as much as a fart. Of course MNE will pump when MNE2 will be announced.
In my opinion, its either buy low now and have the trust, or sell at the upcoming pump and invest in other coins. Because honestly, there is so much other potential in cryptocurrency out there than this. Even if you just convert to BTC
Re: [ANN] Minereum - First Self Mining Smart Contract - TOKEN SERVICE NOW LIVE
V2 has literally nothing to do with v1 except you need v1 to pay for V2 in the beginning. Dev said several times that this will be a complete separate Token except for the buyin.
So the status quo remains that somewhat next year there may be a pokémon mne app for mobile Phones and thats it. There is no further Roadmap available.
Whatever this V2 will be, it will only impact mne for a short period of time
So the status quo remains that somewhat next year there may be a pokémon mne app for mobile Phones and thats it. There is no further Roadmap available.
Whatever this V2 will be, it will only impact mne for a short period of time
They'll keep innovating, but I think one or the other will be used for the minereum lottery
3) Mne price will increase due to the reduced supply
price will not increase because of the reduced supply. Price will increase short term because of the fuzz, then drop again.
There will be more than enough supply of v1 because of all the genesis holders. Except one new v2 genesis address will cost >100 v1. If thats the case, you gotta ask yourself if you are willing to spend >200$ on a token which has literally no further information to it what so ever.
Re: [ANN] Minereum - First Self Mining Smart Contract - TOKEN SERVICE NOW LIVE
V2 has literally nothing to do with v1 except you need v1 to pay for V2 in the beginning. Dev said several times that this will be a complete separate Token except for the buyin.
So the status quo remains that somewhat next year there may be a pokémon mne app for mobile Phones and thats it. There is no further Roadmap available.
Whatever this V2 will be, it will only impact mne for a short period of time
So the status quo remains that somewhat next year there may be a pokémon mne app for mobile Phones and thats it. There is no further Roadmap available.
Whatever this V2 will be, it will only impact mne for a short period of time
Re: [ANN] Minereum - First Self Mining Smart Contract - TOKEN SERVICE NOW LIVE
Its always the same bs on every thread with a coin that is experiencing a downtrend. I saw it on antshare, pivx, zcoin etc. Always some donkey whining about the coin is dying. But soon as there is an upward trend you never hear from this dumbasses till there is another downtrend.
The dev has kept the tech updated, and has updated us about minereum v2. What else do you need em to tell you? Do you need an advice to hold on to your coins, till there is an upward trend? Like I said before, if you cant hold, sell your bag and move on to the next one. whining and taking up thread space is not helping anyone.
Also those yapping about the dev owning a bunch of gen address, that just a speculation and not a proven fact, so like I said before, this is not an ico/ipo coin, where money was given to the dev. This was freely airdropped. The dev owes you nothing but keeping the tech up to date. Some of you whiners that complain about marketing/ social media manager, can do the community a favor and hire someone to help with that.
The dev has kept the tech updated, and has updated us about minereum v2. What else do you need em to tell you? Do you need an advice to hold on to your coins, till there is an upward trend? Like I said before, if you cant hold, sell your bag and move on to the next one. whining and taking up thread space is not helping anyone.
Also those yapping about the dev owning a bunch of gen address, that just a speculation and not a proven fact, so like I said before, this is not an ico/ipo coin, where money was given to the dev. This was freely airdropped. The dev owes you nothing but keeping the tech up to date. Some of you whiners that complain about marketing/ social media manager, can do the community a favor and hire someone to help with that.
Actually, you, with your bold-style posts are the only whiner here.
Scrap that "islap" from your username, because you clearly have no clue about MNE's standing in the cryptoworld if you keep comparing it to other currencies or tokens. MNEs unique approach in creation of value completely differs from other coins and tokens and hence is not comparable to the "usual economics". Supply and demand are not the same like for your praised example of ETH.
Several different users here concur that it would be really nice if something would happen. The only one whining, is you.
As for the profit or loss on the investment: I don't care. It would be nice on the winning side though. I would not be too devastated if MNE would not make it. However i would hate to see someone to grab the MNE idea, even the code, and use it on their own, but with much more success.
Re: [ANN] Minereum - First Self Mining Smart Contract - TOKEN SERVICE NOW LIVE
I think it would be really great if Dev involved the community a little more before the release of MNE2. I would like to se a votation to se peoples opinion about what a genesis adress should cost to buy!
I agree. The dev is too silent for my likings. If I wasn't a bagholder I would never be interested in it, because I couldn't be arsed. A talking dev, creating and feeding enthusiasm is needed.I am pushing through posts for weeks now to pursue Dev to get his communication act together. I don't buy the bsht that he doesn't owe us anything as once this coin went on exchanges it became his responsibility as well to manage this like an enterprise. Sure that he works an the tech site of things no doubt but he needs to look after the investors as well. If he feels not up to this task then it's time to appoint someone how does. Like I said numerous times it's time
To step up the plate and start talking to the world. Make sure that you radiate development, success and purpose. Having auto mining is not a purpose but a tool to supply coins to the market without hashpower to do so. These mined coins could be rare if the demand was high. So the main priority is to increase demand so I challenge the Dev
Team, what do you need from us to get it out there??? What do you have in store in terms of marketing? Do you really care about the concerns aired on this forum?
You are mistaken Mr. Pool. Dev never asked for money. Dev gave away his product for free. Dev spend money in order to give away his product for free. The fact that you decided to pay money for it doesn't entitle you to anything.
Constructive criticism is always welcome. But do not look a gift horse into the mouth.
is there really anyone who thinks the dev team does not have several genisis addresses lined up in their pockets?
I definitely do not blame them if they had, but please cut the crap with the good Samaritan. Probably the only dude who is in crypto and not after the money is satoshi himself. Again: i don't blame them.
edit:
It has been constructively criticized for months now that the token has a lack of awareness in the cryptocommunity. There may be a harsher tone now, but its still constructive.