Quote from: MidasCoin on August 31, 2014, 05:43:18 PM

Quote from: sdersdf2 on August 31, 2014, 04:45:09 PM

How closely have you looked into the URO discussion and how do you plan to get around the headaches they've had in establishing their credibility in this forum and the markets? How can people be 100% confident that this backing is for real and that, even if it is, it will be maintained into the future?

We was able to exchange opinions and feedback about respective projects with the URO developer.

For the second part of your questions, there is a series of public events planned, after the release, where everyone will be invited to "touch" with hand.

The reserve is structured to cover on the fly the various cash needs (debit card cash load) and probably will be adjusted in future with the % of cash against gold. We will study the data of the financial needs of our customers and adjust the % of gold/cash of the reserve fund, but with the front total value untouched.

Quote from: Lord of the Rings on August 31, 2014, 05:15:00 PM

New innovative Scrypt PoM (Proof of Mining) distribution Algorithm
What are the advantages? ? ? Huh

Like stated in the first post "The Proof of Mining distribution system uses a different approach to securing the MidasCoin blockchain. Instead of wasting unneeded hash power for securing the network, which unless under attack can be secured with much less hash power, it uses 95% of the hash power to secure another blockchain. This increase the reserve fund that grants the backed MidasCoin value, actual and future "

Not sure how this addresses the concern about the risk that the chaos of the URO thread (and price) might happen to Midas in the future. Could you more directly address how you will be different than URO and avoid the headaches they've been through?

Secondly, do you plan to provide POD (http://cryptoasian.com/coin-list/ and http://www.coinssource.com/trust-index/)? Have you already put in a request?