Jump to content


Photo

MinCoin, Crypto-Commodity or Crypto-Currency?


  • Please log in to reply
22 replies to this topic

#1 SuperTramp

SuperTramp

    The Boss

  • Administrators
  • 601 posts
  • Location: Planet MinCoin

Posted 19 September 2013 - 02:01 AM

For me this is pretty clear, if it acts like a commodity, and works/looks like a commodity then it IS a commodity!

 

 

There you have it. MinCoin, A Crypto/Digital-Commodity......as far as I'm concerned.

 

:D


  • johnhanks and Optortcob like this

MinCoin, The #1 Crypto-Commodity


#2 prospector

prospector

    Gordon Gekko

  • Members
  • PipPipPipPipPipPipPipPip
  • 136 posts

Posted 23 September 2013 - 11:44 PM

I'm sure you've seen me debate RS about BTC being a currency not a commodity before...but...

 

I'm slowly starting to change my views there!  I guess I have spent so many BTC before I see it as a currency...but I can see the reasons for it being a commodity.

 

MNC can be the first to really brand itself as a digital commodity!


  • SuperTramp likes this
Blue Horseshoe loves Mincoin!

#3 CC66

CC66

    Moderator

  • Moderators
  • 301 posts
  • Locationhttps://mincoin.us

Posted 24 September 2013 - 11:37 PM

I've seen those debates.  I think it should be in it's own catagory as a spendable commodity.



#4 SuperTramp

SuperTramp

    The Boss

  • Administrators
  • 601 posts
  • Location: Planet MinCoin

Posted 24 September 2013 - 11:52 PM

I've seen those debates.  I think it should be in it's own catagory as a spendable commodity.

 

 

We could go with >> "The commodity that spends like a currency" :D


MinCoin, The #1 Crypto-Commodity


#5 CC66

CC66

    Moderator

  • Moderators
  • 301 posts
  • Locationhttps://mincoin.us

Posted 25 September 2013 - 12:02 AM

We could go with >> "The commodity that spends like a currency" :D

I like that a lot better.   Spendable doesn't sound like it should be kept at all.  =(



#6 raspi

raspi

    MinMember

  • Members
  • PipPip
  • 27 posts

Posted 25 September 2013 - 10:29 PM

In economics, a commodity is a marketable item produced to satisfy wants or needs. Economic commodities comprise goods and services.

 

taken from wiki.

 

I am really a newbie on this, but how does a cryto coin fits in as a goods and services to be define as a digital commodity? Isn't Min-coin still define as a currency as a means to represent a IOU or value backing(as in against exchange for BTC).



#7 raspi

raspi

    MinMember

  • Members
  • PipPip
  • 27 posts

Posted 25 September 2013 - 10:34 PM

I've seen those debates.  I think it should be in it's own catagory as a spendable commodity.

 

 

As in like Gold?  walk in to a store, I have a cup of latte, here is 1/10 gram of gold for payment.

 

 

Or is it like, I have a bag of sugar, for your cup of coffee..   if so, isn't spendable commodity = bartering?



#8 kamen

kamen

    MinMember

  • Members
  • PipPip
  • 11 posts

Posted 26 September 2013 - 04:37 AM

For me this is pretty clear, if it acts like a commodity, and works/looks like a commodity then it IS a commodity!

 

 

There you have it. MinCoin, A Crypto/Digital-Commodity......as far as I'm concerned.

 

:D

 

Crypto commodity it is as far I can see it :)



#9 johnhanks

johnhanks

    MinMember

  • Members
  • PipPip
  • 19 posts

Posted 27 September 2013 - 05:01 AM

I like: Crypto-Barter, Crypto-Trade, or we can just go the plain route of Barter, Trade.  ;)



#10 miffman

miffman

    MinMember

  • Members
  • PipPip
  • 13 posts

Posted 28 September 2013 - 06:25 AM

It seems like it's crypto-gold  :D



#11 CC66

CC66

    Moderator

  • Moderators
  • 301 posts
  • Locationhttps://mincoin.us

Posted 28 September 2013 - 08:40 PM

It seems like it's crypto-gold  :D

I think you hit the nail on the head!



#12 enmore

enmore

    MinMember

  • Members
  • PipPip
  • 10 posts

Posted 17 October 2013 - 05:14 AM

It is something i want to hold on to.

 

It is well woth the investment

 

mcxnow - enmore



#13 clamps

clamps

    MinMember

  • Members
  • PipPip
  • 29 posts

Posted 19 October 2013 - 04:12 AM

I think it is a currecny



#14 Neutral-Neet

Neutral-Neet

    MinMember

  • Members
  • PipPip
  • 28 posts

Posted 20 October 2013 - 02:25 PM

I think you hit the nail on the head!

 

lol  :lol:

 

For now, I think is a comodity between digital coins (for exchanges). But probably I hit my head too.



#15 Noctis

Noctis

    MinMember

  • Members
  • PipPip
  • 27 posts

Posted 26 October 2013 - 01:49 AM

Comodity, but in the future, it's can change! Depends on evolution of the market of cryptocoins.



#16 Scrat

Scrat

    MinMember

  • Members
  • PipPip
  • 28 posts

Posted 30 October 2013 - 06:21 PM

Commodity, I think, a good one!



#17 Razzler

Razzler

    MinMember

  • Members
  • PipPip
  • 27 posts

Posted 30 October 2013 - 10:36 PM

Soon the both, i think :D



#18 alttin

alttin

    MinMember

  • Members
  • PipPip
  • 29 posts

Posted 31 October 2013 - 05:00 PM

Haha, has anyone bought a pizza with mincoin yet? Who has their 10k MNC lined up to get the first pizza delivery transaction paid for in mincoin? :P



#19 ssj4mo

ssj4mo

    Advanced MinCoiner

  • Members
  • PipPipPip
  • 31 posts
  • LocationNew York

Posted 31 October 2013 - 06:48 PM

@alttin, lulz.  I think right now it's hard to distinguish.  Really, every crypto-"currency" or "commodity" COULD be considered both.  True commodities, however, are purchased with currency, or traded for other commodities, while true currencies are used to purchase goods (including commodities) and services.  So, it's difficult to place a firm definition on mincoin, since you could "purchase" goods with it, making it a currency, but you could also exchange it for other coins, which, if they are considered to be commodities, would mean that mincoin is a commodity.  However, if we assume that all other crypto-coins are currencies, then exchanging mincoins for other coins would make it a true currency.

 

It's tricky stuff best left to the economists and people wiser than me.



#20 thomas_sun

thomas_sun

    MinMember

  • Members
  • PipPip
  • 28 posts

Posted 31 October 2013 - 10:14 PM

it's crypto-gold 






0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users