Is everyone ready for Gold backed CryptoCurrency? MinaCoin

[CryptoCurrencyInc.com]

Is everyone ready for Gold backed Cryptocurrency? MinaCoin


            ________
        _jgN########Ngg_
      _N##N@@""  ""9NN##Np_
     d###P            N####p
     "^^"              T####
                       d###P
                    _g###@F
                 _gN##@P
               gN###F"
              d###F
             0###F
             0###F
             0###F
             "NN@'

              ___
             q###r
              ""


There seems to be a lot of press coverage for Minacoin. They are currently taking pre-order for Minacoin on their official website http://minacoin.com/

 “upon purchasing Mina, a client gets added as a discretionary beneficiary to an express trust, which manages a pool of gold bullion held in reserve to support the currency’s value.”

This Cryptocurrency Is Backed By Cold, Hard Gold
http://motherboard.vice.com/read/this-cryptocurrency-is-backed-by-cold-hard-gold

The libertarian dream crypto-currency is here — but its fate remains uncertain
http://www.salon.com/2014/05/06/the_libertarian_dream_crypto_currency_is_here_but_its_fate_remains_uncertain/

Two New Projects Aim to Combine Gold with Bitcoin Payment Technology
http://www.cryptocoinsnews.com/news/minacoin-nofiatcoin-aim-to-combine-gold-with-bitcoin-payment-technology/2014/05/07

[cr1776]

Is everyone ready for Gold backed Cryptocurrency? MinaCoin


            ________
        _jgN########Ngg_
      _N##N@@""  ""9NN##Np_
     d###P            N####p
     "^^"              T####
                       d###P
                    _g###@F
                 _gN##@P
               gN###F"
              d###F
             0###F
             0###F
             0###F
             "NN@'

              ___
             q###r
              ""


There seems to be a lot of press coverage for Minacoin. They are currently taking pre-order for Minacoin on their official website http://minacoin.com/

 “upon purchasing Mina, a client gets added as a discretionary beneficiary to an express trust, which manages a pool of gold bullion held in reserve to support the currency’s value.”

This Cryptocurrency Is Backed By Cold, Hard Gold
http://motherboard.vice.com/read/this-cryptocurrency-is-backed-by-cold-hard-gold

The libertarian dream crypto-currency is here — but its fate remains uncertain
http://www.salon.com/2014/05/06/the_libertarian_dream_crypto_currency_is_here_but_its_fate_remains_uncertain/

Two New Projects Aim to Combine Gold with Bitcoin Payment Technology
http://www.cryptocoinsnews.com/news/minacoin-nofiatcoin-aim-to-combine-gold-with-bitcoin-payment-technology/2014/05/07

A distributed, centralized crypto-currency?   Hmmmmm. Sounds like the crypto-part is added to take advantage of the press.  :-)

I think all these experiments are great, but having it centralized and thus seizable seems to turn an advantage into a disadvantage. Time will tell though!

[cryptos]

Anyone with half a brain knows this is rubbish.

GL with your venture.