This all makes sense, but I am a bit disappointed. I was hoping that this project and foundation would benefit Mintcoins and be another reason for people to get interested in them. It was a selling point in my mind. This idea, while probably smart, will absolutely dilute the focus on any individual coin. It sounds more like a new and separate project divorced from Mintcoin, to me.
+1
I'm afraid I must agree whole-heartedly with Party Hard. I too thought that this was an excellent addition to Mintcoin, that would help to set it/us apart from the crowd, and bring investors, which would help to increase the value of the coin. I probably sound selfish and greedy here, but aside from, and more important than, the fact that I love the coin, is the fact that I am an investor in it. As such, I want to have assurances that we are doing something that will help me to profit from that investment. And, to me, this will just "water down" the coins value, and create an unnecessary added focus/burden on the coin.
If you have a "product" that you want to be successful, focus all of your energy, creativity, and belief, into that product. Don't dilute/spread your energy and time around attempting to float a new "product". Both products will get less attention. Less attention - less success.
That said - I think it would be a fine idea down the road, when Mintcoin has realized it's full potential. I just think that right now, we should be completely, and solely, devoted to the success of the coin this community believes in so very much. Once Mintcoin rises, other worthy coins could ride it's coat-tails, so to speak.
I am against this at this point in time. I will not dump my Mint because of it. But it doesn't sit well, or feel right.
My 2₵