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Author Topic: LIVE|MidasCoin|Backed|New Scrypt PoM|ATM card|Referral|NO IPO|UNIQUE  (Read 244432 times)
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sluppy
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October 08, 2014, 06:55:59 PM
 #401

29000 midas sell order on bittrex at 1655 sat Man if i believed i would get the gold id buy this in a second.
pay less then 200 bucks for 3,500 usd worth of gold sweet deal.


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wtman
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October 08, 2014, 07:57:06 PM
 #402

Is the company really registered? Anybody cares enough to pursue this matter with the authorities?

Lets crowd fund the legal expenses for that. We can put the expenses with a reliable escrow and release them to the right person. I'll pledge 0.05 btc towards it for a start.
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October 08, 2014, 08:34:35 PM
 #403

The project leader, MidasCoin, is still away on emergency business since 1st October. We're still waiting to hear from him and for him to return. Once he does, we'll update the community further on the situation.

MidasCoin, backed by gold
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October 08, 2014, 08:51:20 PM
 #404

no internet there I presume?

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October 08, 2014, 09:08:19 PM
 #405

no internet there I presume?

Even if this was true Anyone Involved with the Project if its not just a blackbox ran by the dev would be crazy not to tell all their friends family to run to the bank and buy this stuff.
There for i can only assume that midasalchemist  either doesnt know anything about the operation and also believes it Might be a scam Or he is in on it trying to keep people mining a useless coin or he is the dev on another account take ur pick.
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October 08, 2014, 09:58:52 PM
 #406

The project leader, MidasCoin, is still away on emergency business since 1st October. We're still waiting to hear from him and for him to return. Once he does, we'll update the community further on the situation.

Hahahaha....yea next week he'll have some other emergency BS

Week after that even MidasAlchemist himself will be in here talking about how he too got scammed.

This thing looked really slick initially, but unfortunately were seeing it for what it was from day one.....SCAM!!!!
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October 09, 2014, 04:25:36 AM
 #407

I wouldn't call it a scam "yet". Unless they failed to deliver orders in appropriate time. Thats why I ask if other people made any orders. My pending order still have about 2 weeks time for processing (saw somewhere 7-10 days processing) if they don't count weekends. However, I believe something has to be done to clarify backing of their currency and bolster trust. If this whole thing is a scam then they probably won't care. But if its legit, the current price on bittrex will drive them to bankruptcy if everyone orders gold off them. Or maybe they believe it is good promotion and have tons of spare gold to give?

All of the coins are accounted for when mining??  How would they go bankrupt?  They don't care what the price on Bittrex is.  

I've been calling this a Fool's Gold Ponzi Pyramid from the outset.

1. There is no proof of gold
2. There is no proof of gold which they increase in quantity daily to justify the price
3. The mining "king" shows no proof of where the diverted hash rate is going
4. Midascoin claims their scrypt mining is 3x more profitable. How the fuck is that possible?
5. There's no proof of anything. Nothing.

I honestly felt bad about people being scammed but at this stage I wonder if people would invest in something scrawled on a double ply white paper with the words "Midas = gold, Bittrex!"

Btw, the bank where Midascoin claimed they stored gold says themselves they only do portfolio mgmt, from Twitter, this was the email reply;
http://pastebin.com/QGWsA8NF
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October 09, 2014, 06:26:03 AM
 #408

The project leader, MidasCoin, is still away on emergency business since 1st October. We're still waiting to hear from him and for him to return. Once he does, we'll update the community further on the situation.

Hahahaha....yea next week he'll have some other emergency BS

Week after that even MidasAlchemist himself will be in here talking about how he too got scammed.

This thing looked really slick initially, but unfortunately were seeing it for what it was from day one.....SCAM!!!!

Hey, any update with your order ? mine is still in "processing" stage.
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October 09, 2014, 08:24:01 AM
 #409

Is the company really registered? Anybody cares enough to pursue this matter with the authorities?

Lets crowd fund the legal expenses for that. We can put the expenses with a reliable escrow and release them to the right person. I'll pledge 0.05 btc towards it for a start.

Lets do this. I have lost a lot with this coin so I'll lose some more np. I'll pledge 0.1 to a reliable escrow
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October 09, 2014, 08:32:12 AM
 #410

We need a local UK and Italian guy to check this out with the authorities.
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October 09, 2014, 10:17:53 AM
 #411

We need a local UK and Italian guy to check this out with the authorities.

Is there anyone willing to do it? We can set up a bounty held in escrow for the legal expenses.
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October 09, 2014, 11:48:28 AM
 #412

We need a local UK and Italian guy to check this out with the authorities.

Is there anyone willing to do it? We can set up a bounty held in escrow for the legal expenses.

I doubt there is much we can legually do, however just getting the Names of the people running this scam and plastering them all over the internet might give us some gratification.

and would stop them from using this Name / Alias in future scams.

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October 09, 2014, 12:58:38 PM
 #413

I was mining this coin for a while. Not with gh/s or anything but yeah, switched my miner over to another coin today. Meh.

I hope this pans out, haha, get it?!

It was worth a gamble imo, gambled and lost, time to move on.

If anyone gets a real gold shipment post pics?

LOL damn, shipping cost nearly as much to the u.s as one gram does.. WOOHaaA

We can't grow when we won't criticize ourselves!
-->>>Unobtanium - The crypto you keep!<<<--
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October 09, 2014, 01:30:38 PM
 #414

We need a local UK and Italian guy to check this out with the authorities.

Is there anyone willing to do it? We can set up a bounty held in escrow for the legal expenses.

I doubt there is much we can legually do, however just getting the Names of the people running this scam and plastering them all over the internet might give us some gratification.

and would stop them from using this Name / Alias in future scams.



https://who.is/whois/midaspay.io

http://midaspay.io/the-golden-squad/

sluppy
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October 09, 2014, 05:41:03 PM
 #415

I was mining this coin for a while. Not with gh/s or anything but yeah, switched my miner over to another coin today. Meh.

I hope this pans out, haha, get it?!

It was worth a gamble imo, gambled and lost, time to move on.

If anyone gets a real gold shipment post pics?

LOL damn, shipping cost nearly as much to the u.s as one gram does.. WOOHaaA

ye but If they shipped ,, u could buy it up for pennies on the dollar now @ bittrex .

But let me guess He's still not back , in a few days when mining dry's up he will Appear and attempt one more time saying there where some small problems But hes working on it Everyone will be paid bla bla dont worry please keep mining.
That will be his Final appearance price will jump up get dumped on again and thats it.
was looking @ this one from before the start , couldnt get around the 5% service costs and the storys was to good to be true.
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October 09, 2014, 06:30:13 PM
 #416

There was a POD for this coin, so shouldn't CoinSource release details since coin is/if it is SCAM?

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October 09, 2014, 06:36:42 PM
 #417

There was a POD for this coin, so shouldn't CoinSource release details since coin is/if it is SCAM?

I will sure contact them, and so should you.
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October 09, 2014, 06:39:20 PM
 #418

There was a POD for this coin, so shouldn't CoinSource release details since coin is/if it is SCAM?

I will sure contact them, and so should you.
I will but, will wait till monday if dev shows, if not as community we may request access to private info

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October 09, 2014, 06:49:46 PM
 #419

The ideas were all good. Best case scenario is that this is a case of bad timing on everything and things will work out for the best. Worst case is that we had our hash stolen for a given time period.

We can't grow when we won't criticize ourselves!
-->>>Unobtanium - The crypto you keep!<<<--
wtman
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October 09, 2014, 06:59:14 PM
 #420

There was a POD for this coin, so shouldn't CoinSource release details since coin is/if it is SCAM?

I will sure contact them, and so should you.
I will but, will wait till monday if dev shows, if not as community we may request access to private info

wait till they erase evidence of their association with this?
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