The debit/credit cards are not going to happen people, get it through your heads
MNX is dumping, this coin's days are numbered, soon MNX will be a distant memory
Minecoin, are you even part of the actual development team??? Or are you like Temhuk some pretender?
you've had maybe 50 posts on this thread which I've seen and every single one was stupid and wrong. First you wanted to park your coins for a year like an imbecile, now you think the coins future is numbered.
I agree that credit cards seem unlikely as no crypto has been able to do it and litecoin has been rejected apparently. However, everything else you're saying is idiotic as usual.
Right, I think this is a time for MNX team to employ native English speaker and make a few good presentations on Minex coin and related system to expand audience.
To be honnest, I prefer this rough appearance of a good team than the slick and professional one of the Bitconnect presentation and shows, for example ;-) But of course some pro videos would help adoption.
hahaha yeah i agree with you; but nowadays a successful product need a proper presentation.
Minex do not want too many advertising before main points of road map will be finished. And for us it is a chance to get more coins, because after releasing credit cards and exchange current percents will be like a dream for us.
It's not about advertising: It's about information. For example, your last video contain crucial information about understanding expected growth & stuff (How is calculated percents in Minex bank). It's very hard to find this kind of information for a new guy.
Right, I think this is a time for MNX team to employ native English speaker and make a few good presentations on Minex coin and related system to expand audience.
To be honnest, I prefer this rough appearance of a good team than the slick and professional one of the Bitconnect presentation and shows, for example ;-) But of course some pro videos would help adoption.
hahaha yeah i agree with you; but nowadays a successful product need a proper presentation.
the formula part does kind of confuse me a bit though. I am guessing almost no one investing has actually done the math on that formula as in depth as he has(I ceertainly haven't, just like he says, I scroll through that part of the whitepaper and trust the MNX math wizards have something in there), and if what he says about the formula is true, that is a little disconcerting.
He shouldn't change just market cap value. He should change also other parameters for the same coin accordingly (coin price in usd and btc,...).
minexcoin owners expect MNX addlists other than livecoin and coinexchange like bittrex or other big market, how does minexcoin team response about this?
with its own exchange
About large exchanges such as Bittrex to speak while early! but on the cryptopia plan to add in the near future!
at this stage is better to put money on development, than to listing on exchanges. Coin will attract attention by default, now when it's on top 100 cmc list.
minexcoin owners expect MNX addlists other than livecoin and coinexchange like bittrex or other big market, how does minexcoin team response about this?
I'm really glad to have this passive income from MNX parking. Aside from that, slowly increasing price despite this bloody crypto-market.
I'm still holding my opinion since the start of MNX ICO that "MNX could surpass BTC". Cheers to all MNX holders!
It's simple...if you hold BTC you don't get anything. If you pakr MNX, you get something plus MNX will have an ecosystem, transaction fees are much lower, quicker transactions, etc...
I'm a bit curious on the change of interest rate in minexbank parking. Is the reduction of interest rate apply in daily basis? And is there any point that the interest rate will be fix because I'm planning buy more MNX for passive income in parking but I'm afraid that later on, interest rate will be near equal to 1% monthly.
This could be correct. But in that case, price of MNX should be much higher.
Low market cap and tokens in less hands means that it can be easily manipulated. Though i am certain that MNX is not manipulated, it is the development that is keeping the price steady.
Price is defined by offers/demand. Algo&stuff just adjust price trendline.
Post
Topic
Re: Minexcoin - A new era of payments
by
alesi0
on 06/03/2018, 22:27:30 UTC
Ok let say i have done all the steps above. For example: i have 100MNX. 60 of them are parked and 40 are available for parking. If i try to send 30 MNX to the exchange, will this cancel parking?
I guess that depends on where you live. I pay taxes on my crypto assets whatever their value is on January 1st. So cashing into fiat does not make me pay more taxes than I already do.
i just hope, that tax for you is not high... a lot of people could save some money if debit card will be issued for MNX because of this kind of taxes. If Germany says "jump", most of the EU countrys just ask "how high".
Not FUD, but I would be hesitant to trust that the debit cards on the horizon. Nothing against Minexcoin or the team of devs and their motivation, more to do with Visa, Mastercard and other processing companies. I know everyone seems to think that other companies can circumvent using visa or mastercard, but I am not so optimistic as it would be a liability of a company associated with Visa or Mastercard to allow business to be done with a crypto which would go against the wishes/policies of Visa and Mastercard, who any way you slice it will be needed to have a card that is accepted at most points of sale around the world.
Truth of the matter is debit cards and credit cards are a technology on the way out anyway. Minexcoin team would be better spending their time on the mobile wallet and creating a simple means of payment from the phones themselves such as they do in China(barcode scan), as this is the future of payments IMO. The debit card would work great right now(if it was allowed by the providers), but 5 years down the road, I have a feeling we will be paying for more things with our phones in more and more countries. Not too mention who wants to pay Visa and Mastercard their percentage to spend our Minexcoins? Better off adopting the new technology(and the debit cards if possible, I just wouldn't get my hopes up) as soon as possible, more use cases for Minexcoin would only further adoption.
yes correct, credit and debit card are the past, but i think they'll survive for some years yet, so for someone could be useful have them
I agree, the debit card feature is not a must for me with Minex. These days it has become a bit of a hype/trend for coins/tokens to have a debit card feature. I would personally trust TenX or Monaco to roll out their cards first if it is possible for crypto to issue such cards. Because they have been longer in talks with card issuers than others.
Furthermore I am more excited about the atomic swaps and their own exchange. If their own exchange has a fiat gateway it will give more volume to Minexcoin. With such a feature it will not rely much on the BTC value, but people will appreciate Fiat value more as well.
i don't agree with you. If you convert crypto to fiat, you'll get taxed. If you spend MNX with debit card, you might not be taxed https://goo.gl/XfM2ad Payment cards will exist many many years and will continue to be wide accepted payment method in real world.
Interesting situation has arisen with Litepay. Visa is officially cutting all ties with Litecoin and their ability to have a debit card. The theory on youtube I heard is because the large companies (Visa, Mastercard) don't like cryptocurrency and see them as a threat.
Is this going to affect Minexcoin's ability to have a debit card? I am assuming so, but who knows, I wouldn't count on Visa or Mastercard having any interest in doing business with any crypto type currency if what I heard is true.
Not trying to FUD, just the news, thought I would share and perhaps the devs have something to refute what I am saying hopefully
I don't think they will work with MC/VISA directly. They could be partners with some card issuer (with MC/VISA license)... and that's it.
You see, the crypto wallets work as follows: if you have 100 MNX and need to send 50 MNX elsewhere, the wallet sends entire amount of 100 MNX and then returns the rest 50 MNX minus transaction fee to the wallet.
I'm not sure that it works that way. This means, that if i have 100 MNX and have parked half of them (50 MNX). If i try to send 30 MNX elsewhere, then my parking for 50 MNX will be cancelled (since entire amount is sent)?
Minexcoin is a global payment system built on the eponymous low-volatility crypto-asset regulated by an autonomous algorithm with methods proven on traditional financial markets. Our Team have a strong plans for furure and road map that talks about plans. More detailed information about each product you will find out in the particular materials that will be published this and next month. Here you can find our update and more info:https://medium.com/minecoin-blog/mnx-upgrade-roadmap-2018-ed9b01c258cf
If you want to issue a payment card, then you need to connect with card issuer. And if card will be accepted worldwide, then this card issuer should have MC/VISA licence. Can you share more details about issuing Minexcoin debit cards?
It is no details about issuing of MNX debit card. We just got some basic details, everything else will be presented to the community in this March. Follow MNX news at blog(https://medium.com/minecoin-blog) or this forum to be first who know all about MNX.
Minexcoin is a global payment system built on the eponymous low-volatility crypto-asset regulated by an autonomous algorithm with methods proven on traditional financial markets. Our Team have a strong plans for furure and road map that talks about plans. More detailed information about each product you will find out in the particular materials that will be published this and next month. Here you can find our update and more info:https://medium.com/minecoin-blog/mnx-upgrade-roadmap-2018-ed9b01c258cf
If you want to issue a payment card, then you need to connect with card issuer. And if card will be accepted worldwide, then this card issuer should have MC/VISA licence. Can you share more details about issuing Minexcoin debit cards?