When is that pooled minting service by Steak Cloud going to be released for MINT? I am really interested in this idea. I have some friends and family, who would probably use a service like this because they have some MINT and are holding, but aren't tech savy enough to actively maintain and manage a Mintcoin client, so they are not getting in on the minting action. Right now they just park their coins on exchanges, but that is less than ideal, and they receive no mintings (probably the exchanges are taking them all!).
If this minting pool can be a reliable trustworthy service, it would be great for the average lay person who wouldn't mint at all otherwise. I hope it could be easy enough my grandma could mint some coins. Looking forward to some of these great services! Last month they said they would have some release out soon, but I haven't heard anything since. I know these things take time to develop, and it is better to make sure you get it right from the get-go, than rush it out, only to have it compromised and coins stolen, reputation destroyed etc.
Anyone heard anything?
Imagine if everyone pulls all their Mintcoins from exchanges and just parks them to continually mint more coins, the price could rise indefinitely. My plan is to continually keep minting like this, and eventually, sell only a small % of my mintings. For example, say 10 years down the road, we will be minting 5% per year, if we only sell 1%, then the price value keeps growing. I think that would work out very well.
I feel like MintCoin is a vision. You have to catch the vision, for some it may be hard to see at first, but once you see it, it is captivating!
The reason is, it makes sense, to not sell your mintings; it is because if you would sell your mintings, you would gradually lose your minting power over time, and those who keep saving, will not lose minting power. Those who keep saving, but also keep buying up some more coins from time to time, they are buying the coins for sale that people are minting or have minted, they will be rewarded with even more minting power.
Since MintCoins are basically like little miners, or little minters, that will duplicate themselves, whenever you buy or sell MintCoins, you are essentially buying/selling Coins with built-in mining/minting gear, that will never expire, so it's value will never depreciate. MintCoins do not "wear out" or stop minting. The value of compounding is built in.
Another day, another night, Mintcoin keeps on minting!
I am actually surprised how cheap the price of MINT is currently. I think it has to do with the fact though that most people out there are just in it for a quick buck, a quick gain, looking at the daily price gains, ignoring most else. They don't want to actually hold onto a coin long-term.
MintCoin has another aspect though, because the coins mint! I think the slow and steady wins the race. Stacking MintCoins is like growing a crop. You start with a single plant and you keep planting the seeds, and those seeds grow, and eventually produce more seeds, you have to keep sowing, and starting off it seems like very little for the work, but over time, you get more and more seeds, and more and more plants, until one day, you look back, and you have a full farmland to admire that is producing a yield you can live on. The thing about it though is assets like these take time to really see the payoff, like over 5 years. You have to weather the storms, like with a bad year in farming, if a manipulator tries to jerk your coin values around, you have to out last it, and usually the next crop, or the next cycle you will enter a time that yields even more. If you are long-term minded, I think it is a safer way to gain, than through market speculation, and trading anyway. Personally, I'd rather make $100 passively having to do nothing, than make $1000 but have to actually continually work exhaustively for. I guess it is a mindset thing. I'm with MINT for the long-haul. I'm not a salesman, nor am I trying to pump MINT or anything, just giving out my thoughts to already MINT holders to give encouragement and help spread the vision. We have ourselves a very great coin here, my friends. Keep on minting!