Post
Topic
Board Announcements (Altcoins)
Re: LIVE|MidasCoin|Backed|New Scrypt PoM|ATM card|Referral|NO IPO|UNIQUE
by
wtman
on 06/10/2014, 19:09:43 UTC
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?

the current price is not even worth the cost of mining most people have paid imo. they have large reserves from proof of mining, but i doubt this coin has much life left anymore