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Author Topic: LIVE|MidasCoin|Backed|New Scrypt PoM|ATM card|Referral|NO IPO|UNIQUE  (Read 244418 times)
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James1970
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September 18, 2014, 06:17:05 PM
 #61

interesting, gonna mine it for sure
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dmgta
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September 18, 2014, 06:17:46 PM
 #62

With a 2% increase for miners who mined originally and getting my coins back I originally mined why wouldn't I give this another try and send more hashing to it.

They came back out of the trenches and are resurfacing I assume stronger than before and learned from their mistakes.

Time to rock the MID and make me rich baby who knows maybe ill trade some in for actual gold...
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September 18, 2014, 08:42:39 PM
 #63

With a 2% increase for miners who mined originally and getting my coins back I originally mined why wouldn't I give this another try and send more hashing to it.

They came back out of the trenches and are resurfacing I assume stronger than before and learned from their mistakes.

Time to rock the MID and make me rich baby who knows maybe ill trade some in for actual gold...

We are very happy to see old miners come back to us for the reopening.

#midascoin is coming back, and will be around for a long long time!
pagona
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September 18, 2014, 08:57:55 PM
 #64

i`ll watch this, mining begins soon, wright?

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September 18, 2014, 10:23:00 PM
 #65

i`ll watch this, mining begins soon, wright?

Mining will be activated when countdown reach 0.  Registration on http://midaspool.com and referral system are already active.





     

Reserve increase also restart when mining open again.
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September 19, 2014, 01:29:12 AM
 #66

I have been given early preliminary access to the code for Midascoin. The following is my review:


-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA512

Verify this review at https://keybase.io/verify

midascoin (relaunch) https://github.com/MidasPaymentLTD/midascoin

Heritage: LTC (confirmed by coin author)

NOTE: This coin contains radical features. No review by me is guaranteed to be 100% accurate and catch all possible problems.

Problems:

* MAJOR: This coin is centralized by design. This means, if you don't trust the coin authors, then you should not trust this coin. They have complete control over the blockchain, and can attack it at will if desired.
** This is achieved by requiring an RSA signature on each block accepted into the network.
* MODERATE: Signatures sign an SHA1 hash of the block. SHA1 is not recommended for any cryptographic uses due to known theoretical weaknesses.
** This probably couldn't be attacked even with known collisions because it relies on sha256 as well
* MINOR: floating point operations used in protocol critical code

Notes:

Despite the complete control of the blockchain the founders have, this actually eliminates many common attacks, such as double spends and orphan blocks.
The coin authors can do all these attacks, but no one else can.
The other big concern is that if the key is ever leaked, a signficant amount of damage could be done and would require a retroactive hard fork to fix. Clients have basic fork detection, but nothing that prevents a huge fork take over.

Blockchain not analyzed. This is based on preliminary code. Commit hash f1a3d1f1e996ce9b4fc753bd814ec5b1ecd1474f

This could've been kept random if script parsing (for the output address) would've been done.
- -                        // Insert change txn at random position:
- -                        vector<CTxOut>::iterator position = wtxNew.vout.begin()+GetRandInt(wtxNew.vout.size()+1);
- -                        wtxNew.vout.insert(position, newTxOut);
+                        // Note: This makes change obvious, which leads to loss of privacy.
+                        // However, it's necessary to make the distinction here, since not making it would mean the change would be taxed too.
+                        // Insert change txn at the end
+                        wtxNew.vout.push_back(newTxOut);

Watermarks: uint64
-----BEGIN PGP SIGNATURE-----
Version: Keybase OpenPGP v1.0.5
Comment: https://keybase.io/crypto
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=UbWX
-----END PGP SIGNATURE-----

Check out my full list of Coin Reviews
Currently working on the Qtum Project
My Skype account earlzdotnet has been compromised. Please report to me any usage seen from it, or from the email earlz@earlz.biz.tm
MidasCoin
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September 19, 2014, 01:34:33 AM
 #67

I have been given early preliminary access to the code for Midascoin. The following is my review:

NOTE: This coin contains radical features. No review by me is guaranteed to be 100% accurate and catch all possible problems.

Problems:

* MAJOR: This coin is centralized by design. This means, if you don't trust the coin authors, then you should not trust this coin. They have complete control over the blockchain, and can attack it at will if desired.

Notes:

Despite the complete control of the blockchain the founders have, this actually eliminates many common attacks, such as double spends and orphan blocks.

Seem  that customers and exchange can sleep well with the reopening.
No double spend anymore with crypto using #midascoin, never again.
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September 19, 2014, 04:29:36 AM
 #68

So is there anywhere I can buy Midascoin for BTC??
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September 19, 2014, 07:34:23 AM
 #69

 Roll Eyes with the time goes by,midas will be hard to mine and maybe hard to buy  Cool
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September 19, 2014, 09:13:58 AM
 #70

So is there anywhere I can buy Midascoin for BTC??

Not at the moment.

There are 3 way actually to get midascoin:

1- Through mining

2- Refer your friends (find more info at http://www.midaspool.com )

3- Claim a community bounty.

Despite what other cryptocoin do, with day1 listing, we believe that being on exchange is important but on day1 may lead to major speculation problems, that we want to spare to our users.

The integration with third party exchange will come naturally after some days.
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September 19, 2014, 09:48:06 AM
 #71

Roll Eyes with the time goes by,midas will be hard to mine and maybe hard to buy  Cool


Like in every crypto currency, early adopters benefits most.

The monthly block reduction scheme will indeed make it harder to mine as time pass.




Stay tuned, only 12 hours left!
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September 19, 2014, 10:14:42 AM
 #72

I think midascoin have potential , remember my words  Wink

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September 19, 2014, 10:21:00 AM
 #73

I've got - by mail - a voucher to redeem (thanks)

What happens if I redeem it now? I guess that the transaction will be reverted tomorrow?
Allright. Then ... what is the time frame when I could redeem that?


In 2 days we'll release the new wallets for download, then you can get your address to redeem to. You won't be able to redeem it until we've reopened.


I asked for a time frame (min and max). I still need that.
Also, your response is a little big worrying...and I am not sure if I understood right will I have to generate a new address too?!

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MidasCoin
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September 19, 2014, 10:35:07 AM
 #74

I asked for a time frame (min and max). I still need that.
Also, your response is a little big worrying...and I am not sure if I understood right will I have to generate a new address too?!

Hello.

Like stated already, with the reopening (only 12 hours left) a new Wallet/source will be instantly available for download.

This is a mandatory upgrade, cause a big patch has been applied for prevent any possible forking/double spend and service disruption in general. Regarding the address, you can keep your old one (using your old wallet.dat) or generate a new one, it doesn't really matter, cause all the funds are stored securely in your midaspool.com balance (even funds already sent to a wallet has been returned to Midaspool.com balance, feel free to check right now).

The time frame for the gift voucher fund to be available is 24-36 hours MAX after reopening (may be less), just the needed time for the network to start collect transaction taxes.

Don't hesitate to contact us for any other needs.
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September 19, 2014, 11:54:50 AM
 #75

Hello,
U talk about company, what's the name?
Dev team are annonymous?
Is this coin open source?

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September 19, 2014, 02:07:41 PM
 #76

I have been given early preliminary access to the code for Midascoin. The following is my review:

NOTE: This coin contains radical features. No review by me is guaranteed to be 100% accurate and catch all possible problems.

Problems:

* MAJOR: This coin is centralized by design. This means, if you don't trust the coin authors, then you should not trust this coin. They have complete control over the blockchain, and can attack it at will if desired.

Notes:

Despite the complete control of the blockchain the founders have, this actually eliminates many common attacks, such as double spends and orphan blocks.

Seem  that customers and exchange can sleep well with the reopening.
No double spend anymore with crypto using #midascoin, never again.

I couldn't stop laughing.

MidasCoin
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September 19, 2014, 03:22:06 PM
 #77

Hello,
U talk about company, what's the name?
Dev team are annonymous?
Is this coin open source?

No one is anonymous.
Code is fully OPEN SOURCE.

http://www.coinssource.com/trust-index/midascoin-mid/
http://midaspay.io/the-golden-squad/

I couldn't stop laughing.

The laugh come before the despair, when another opportunity get missed.


Gentleman's, 6 hours to the frenzy, tune up your engines Cool
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September 19, 2014, 04:55:10 PM
 #78

Interested to see how this new launch ends up... I will be sending hash this way...
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September 19, 2014, 05:33:37 PM
 #79

Interested to see how this new launch ends up... I will be sending hash this way...

Hey.

We are putting the face on this, and something more.
Let me quote our FAQ number 2.

Q- What happens if your patch doesn't work? What happens in case of another successful attack against the #midascoin blockchain?

A- Pretty simple, we buy back all the MidasCoin on the pool balance at their bitcoin value, paying in Bitcoin instantly with no questions asked. Then we close the company, give apologies to the community, and never present our face on the public crypto scene again. This is our #challenge, All is perfect or we payback and go home and all people with #midascoin balance get money upfront.


       
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ICO? Not even once.


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September 19, 2014, 06:25:27 PM
 #80

* MAJOR: This coin is centralized by design.

No, thanks. This could only end one way and it's just a matter of when.

RIP Bittrex
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