Quote from: vaelrock on October 25, 2014, 07:11:38 PM

Quote from: thectspot on October 25, 2014, 07:10:31 PM

Quote from: vaelrock on October 25, 2014, 07:05:18 PM

The problem here is that the POD credibility/usefulness starts to really struggle.
Midascoin also had a good POD and the devs just disappeared scamming everyone. Now it's GLOW which also has a good POD review. What purpose does it serve if once the community find the truth, nothing can be done anyway ?

As I see it, POD is only a harder step for scammer to achieve their goal. But it also has the very bad side effect of filtering out all the wannabee scammer to only let pass the serious ones that are not afraid to afford a fake passport and create a fake identity.

In this sense, POD is pretty useless, harmful even, giving a false impression of security, and making people less prone to do the necessary background checks on the team behind the coin.

Midascoin does not have a POD.

It has :
http://www.coinssource.com/trust-index/midascoin-mid/
https://bitcointalk.org/index.php?topic=784286.msg9190094#msg9190094

Sorry, for some reason I couldn't find it on their website.

thectspot

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