Quote from: pitbullfan on October 13, 2014, 12:20:18 AM

Quote from: xPooky on October 12, 2014, 11:10:49 PM

Quote from: DenisZabar on October 12, 2014, 10:50:22 PM

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.