LIVE|MidasCoin|Backed|New Scrypt PoM|ATM card|Referral|NO IPO|UNIQUE

[jimlite]

Devs, all I can say is show people in here, in IRC, on twitter, etc. that you have delivered orders of gold. If you don't do that, your whole business will fail.

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[mishax1]

My opinion about the price drop:

The pool was mining scrypt coins (litecoin/doge.. w/e), the devs put their own hashing power in the pool to make it look like there are lots of miners since they get the ltc/doge anyway + get the midascoins which later gets dumped on the market (double profit).



* I've contacted coinsource - http://www.coinssource.com/ticket

[wtman]

My opinion about the price drop:

The pool was mining scrypt coins (litecoin/doge.. w/e), the devs put their own hashing power in the pool to make it look like there are lots of miners since they get the ltc/doge anyway + get the midascoins which later gets dumped on the market (double profit).



* I've contacted coinsource - http://www.coinssource.com/ticket

Was coinssource involved in this scam too?

[mishax1]

My opinion about the price drop:

The pool was mining scrypt coins (litecoin/doge.. w/e), the devs put their own hashing power in the pool to make it look like there are lots of miners since they get the ltc/doge anyway + get the midascoins which later gets dumped on the market (double profit).



* I've contacted coinsource - http://www.coinssource.com/ticket

Was coinssource involved in this scam too?

Don't think so.

[xPooky]

My opinion about the price drop:

The pool was mining scrypt coins (litecoin/doge.. w/e), the devs put their own hashing power in the pool to make it look like there are lots of miners since they get the ltc/doge anyway + get the midascoins which later gets dumped on the market (double profit).



* I've contacted coinsource - http://www.coinssource.com/ticket

Was coinssource involved in this scam too?

That will be revealed soon, if they don't give the info they must give yes, they were involved, but if they give it they wasn't

[xPooky]

@MidasAlchemist, so you say that MidasCoin(the dev) is on a very  very long meeting and he doesn't have 5 minutes to login from his smart phone(80% on earth have it) or his laptop(assuming he is on bussines meeting and needs one). That is so stupid to say right?

EDIT: I will also contact coinsource now

[sluppy]

Devs, all I can say is show people in here, in IRC, on twitter, etc. that you have delivered orders of gold. If you don't do that, your whole business will fail.

@ current bittrex prices u would get about 100x or more current value in gold , that has to tell u enough.
Now Even If the dev comes back and Gold start beeing deliverd (This Wont happen but IF) id still consider this a scam.
They took in tens of thousands of dollars in hashrate and just let the coin die on the exchange No communication.
a "buisness trip" it would seem to me that a few thousand dollars a day would make this your main buisness priority.
Also planning or not this trip within a month of launching , and or not having a Manager to run your stuff Properly instead of MA that really didnt have or want to give Any answers also no good.
I will be contacting coinsource as well asking for the info.
Even though i didnt lose money on this id be happy to contribute to legal action because , this seemed like a semi professional Rip off and these people need to be taken out of "Our" crypto.
im getting sick of all these scammers trying to rip people of instead of building crypto with us.
This is a Prime example of that a lot of work went into the site and the rest of the scam if they only put all that effort into a real coin ....  we All could have made money.

[BTCspoon]

My opinion about the price drop:

The pool was mining scrypt coins (litecoin/doge.. w/e), the devs put their own hashing power in the pool to make it look like there are lots of miners since they get the ltc/doge anyway + get the midascoins which later gets dumped on the market (double profit).



* I've contacted coinsource - http://www.coinssource.com/ticket

Everything you need is on the original thread, since almost day 1. identity and everything else. Why do you think they closed it?

https://bitcointalk.org/index.php?topic=760755.480
https://bitcointalk.org/index.php?topic=778327.msg8773673#msg8773673

I also posted several warning on this thread too, but were removed by midascoin (self moderated thread).

@sluppy

They are behind a lot scamcoin (same groupe) and use always the same groundwork, scheme and pre-made documents/website, so they don't need a lot of resources neither time. The only thing they want is to catch your eyes with some fancy pdf and graphics to get the best of you. When they have their money, they say "bye bye" (a silent one) and go to the next coin (new name, new account, new pdf and site, same method). They do that on a big big scale 10/20/100 coins a month...and for sure don't care about crypto reputation at all.
He is probably laughing at you all right now, reading this thread and knowing that you are already mining his next coin.

[sluppy]

My opinion about the price drop:

The pool was mining scrypt coins (litecoin/doge.. w/e), the devs put their own hashing power in the pool to make it look like there are lots of miners since they get the ltc/doge anyway + get the midascoins which later gets dumped on the market (double profit).



* I've contacted coinsource - http://www.coinssource.com/ticket

Everything you need is on the original thread, since almost day 1. identity and everything else. Why do you think they closed it?

https://bitcointalk.org/index.php?topic=760755.480
https://bitcointalk.org/index.php?topic=778327.msg8773673#msg8773673

I also posted several warning on this thread too, but were removed by midascoin (self moderated thread).

@sluppy

They are behind a lot scamcoin (same groupe) and use always the same groundwork, scheme and pre-made documents/website, so they don't need a lot of resources neither time. The only thing they want is to catch your eyes with some fancy pdf and graphics to get the best of you. When they have their money, they say "bye bye" (a silent one) and go to the next coin (new name, new account, new pdf and site, same method). They do that on a big big scale 10/20/100 coins a month...and for sure don't care about crypto reputation at all.
He is probably laughing at you all right now, reading this thread and knowing that you are already mining his next coin.

I didnt buy into this one u might have read some of my posts on the Original thread as well where i was voicing my concerns (if they didnt get deleted).
I think they kind of stepped up their game on this one though , compared to other coin releases ive seen for a scam it was pretty well done.
Tnx for posting the links i didnt see the one u made good work to bad not enough people read it in time:(

[wtman]

No activity here. This coin is dead

Coinssource might be involved too. Don't trust coinssource.

[xPooky]

No activity here. This coin is dead

Coinssource might be involved too. Don't trust coinssource.

i sent them a msg, waiting for response now

[mishax1]

I already got a response from coinsource, they are contacting Giuseppe Liberati and we should have an official response within 1-14 days.

[sluppy]

No activity here. This coin is dead

Coinssource might be involved too. Don't trust coinssource.

looking at how much work went into this fooling coinsource wouldnt be to difficult.
If their part of it i hope they got paid well cuz it kills their credibility.(i doubt it though)

[sluppy]

pool is claiming to payout of .06 btc per MH damn thats nice
maybe i gotta start mining there

[wtman]

I already got a response from coinsource, they are contacting Giuseppe Liberati and we should have an official response within 1-14 days.

14 days. what a joke. Its dead

[mishax1]

I already got a response from coinsource, they are contacting Giuseppe Liberati and we should have an official response within 1-14 days.

14 days. what a joke. Its dead

We know. We just need the final strike 

[DenisZabar]

Hi to all. I am new to this thread but can you explain me what is happening with this coin? Thanks

[xPooky]

Hi to all. I am new to this thread but can you explain me what is happening with this coin? Thanks

in one word SCAM

[pitbullfan]

Hi to all. I am new to this thread but can you explain me what is happening with this coin? Thanks

in one word SCAM

Yea, what he said.

UNLESS, dev makes an appearance and people's orders get filled. I for one am not optimistic though, and have sold almost my entire position in MID at a huge loss. Im still holding a small amount of coins hoping it turns out to be legit.

Good luck guys,
-Pit

[tokyopotato]

Hi to all. I am new to this thread but can you explain me what is happening with this coin? Thanks

in one word SCAM

Yea, what he said.

UNLESS, dev makes an appearance and people's orders get filled. I for one am not optimistic though, and have sold almost my entire position in MID at a huge loss. Im still holding a small amount of coins hoping it turns out to be legit.

Good luck guys,
-Pit

As I pointed out in the original article I published at CoinJoint, this coin was clearly a scam until the the developers had transparent vaults and transparency behind the coins that were being mined through Proof-of-work/mining.

http://coinjoint.info/midascoin-launches-gold-backed-proof-mining-pom-blockchain/

Everyone was warned these developers were using your hashing power to mine other coins.  I hope the crypto world has finally learned their lesson about demanding transparency FIRST AND FOREMOST.

I regret not coming here and telling people to get out of this coin, but I probably would have been labeled a troll anyways.