This coin was on my radar, then I did some investigating.
Because of this: https://github.com/MidasPaymentLTD/midascoin/blob/master/src/main.cpp#L1778
This disallows ANY pool or solo miner from using their own address for a block to be accepted.
Now, skip ahead to here: https://github.com/MidasPaymentLTD/midascoin/blob/master/src/main.cpp#L4290
You CAN mine, but it wont matter what address you or the pool uses, it will automatically go to the 'tax address.'
Now, this is NOT decentralized. Sure, the VERIFICATION of blocks and transactions is decentralized, CONFIRMS are not. Confirms are when blocks confirm each other in the hashchain.
Since you cannot have a different publickey for an address to generate a block (or have it be accepted by the network at any rate) block generation is centralized.
As per the twitter: https://twitter.com/MidasPay/status/509471382871494656
Image ref: http://puu.sh/bsK4G/e04f5782cd.png
Please send the 10 BTC to this address: 1QuinngrXdsMWM3tejsWqrEJYPDF5ZccW
Topic: [ANN][MID]MidasCoin|New Scrypt PoM|Backed Value|ATM card|Referral|NO IPO|UNIQUE - page 4. (Read 63996 times)
September 09, 2014, 07:47:44 PM
September 09, 2014, 07:45:28 PM
So publicly stating personal info of a person who's personal info is publicly available on a WHOIS site is something that could cause legal action? Holy shit! I'm gonna be in so much trouble for posting that screenshot of his domain's WHOIS info!
Not at all. Public domain is public domain. He can cry all day long.
https://ip.bitcointalk.org/?u=http%3A%2F%2Fimg.photobucket.com%2Falbums%2Fv238%2Fjitrif%2Fscam_zpsdaa2ee1f.jpg&t=544&c=Hv-toOqi77oJmQ
(Edit: ok, so not sure which linked in address was him. removed.)
I love the street name, "fiume del perle", something musical in it ♫♫, remind of Chopin Funeral March
http://goo.gl/b6O9IC
September 09, 2014, 07:43:36 PM
So publicly stating personal info of a person who's personal info is publicly available on a WHOIS site is something that could cause legal action? Holy shit! I'm gonna be in so much trouble for posting that screenshot of his domain's WHOIS info!
Not at all. Public domain is public domain. He can cry all day long.
https://ip.bitcointalk.org/?u=http%3A%2F%2Fimg.photobucket.com%2Falbums%2Fv238%2Fjitrif%2Fscam_zpsdaa2ee1f.jpg&t=544&c=Hv-toOqi77oJmQ
(Edit: ok, so not sure which linked in address was him. removed.)
I love the street name, "fiume del perle", something musical in it ♫♫, remind me of Chopin Funeral March
September 09, 2014, 07:43:03 PM
MidasCoin, I'm having trouble logging into http://midaspay.io/my-account/. After clicking "Login", the page simply refreshes and the same page is loaded. The only difference is a "Bullet Point" is displayed above "Login". I'd log a support ticket however you need to login first 
Checked.
The "bullet" point mean "wrong username - password"
Correcting with a better "error message"
Meanwhile, feel free to use password recovery
September 09, 2014, 07:39:40 PM
- 2051 members being scammed on Midaspool.com
- 300 new scammed everyday
- Peak theft rate of 31 Ghash/ - Average theft rate 12+ Ghash.
- Scam Host platform at 0 fee - Accept payment without hosting daemon (paypal ripoff)
- Integrated financial Platform with imaginary ATM Debit Card and ICC (imaginary credit card)
- Top scam organizer team: http://midaspay.io/the-golden-squad/
- Unique lingo to hide scam, PoM. Unnecessary hashpower increase currency value (we take all your hash)
- Backed by imaginary gold reserve.
- Guaranteed increasing value (until it crashes because we unload all the coins you sent us)
- Guaranteed slow community support helpdesk: 8 hours for low priority (smoking weed) - 2 hours for Urgent. (sobering up and responding occasionally)
- No Premine. No IPO. No dump on exchanges. (for two weeks)
- No exchange on day 1 (or on any other website ever)
- 236 MidasCoin already paid through the Referral system. (pyramid scheme to the moon!)
These Are facts, all the rest is true too.
- 300 new scammed everyday
- Peak theft rate of 31 Ghash/ - Average theft rate 12+ Ghash.
- Scam Host platform at 0 fee - Accept payment without hosting daemon (paypal ripoff)
- Integrated financial Platform with imaginary ATM Debit Card and ICC (imaginary credit card)
- Top scam organizer team: http://midaspay.io/the-golden-squad/
- Unique lingo to hide scam, PoM. Unnecessary hashpower increase currency value (we take all your hash)
- Backed by imaginary gold reserve.
- Guaranteed increasing value (until it crashes because we unload all the coins you sent us)
- Guaranteed slow community support helpdesk: 8 hours for low priority (smoking weed) - 2 hours for Urgent. (sobering up and responding occasionally)
- No Premine. No IPO. No dump on exchanges. (for two weeks)
- No exchange on day 1 (or on any other website ever)
- 236 MidasCoin already paid through the Referral system. (pyramid scheme to the moon!)
These Are facts, all the rest is true too.
September 09, 2014, 07:36:17 PM
MidasCoin, I'm having trouble logging into http://midaspay.io/my-account/. After clicking "Login", the page simply refreshes and the same page is loaded. The only difference is a "Bullet Point" is displayed above "Login". I'd log a support ticket however you need to login first
September 09, 2014, 07:32:50 PM
- 2051 members registered on Midaspool.com
- 300 new registrations everyday
- Peak Hashrate of 31 Ghash/ - Average Hashrate 12+ Ghash.
- Hosted Merchant platform at 0 fee - Accept payment without hosting daemon (paypal style)
- Integrated financial Platform with ATM Debit Card and VCC (virtual credit card)
- Top management team: http://midaspay.io/the-golden-squad/
- Unique distribution system PoM. Unnecessary hashpower increase currency value
- Backed by gold reserve.
- Guaranteed increasing value
- Guaranteed community support helpdesk: 8 hours for low priority - 2 hours for Urgent.
- No Premine. No IPO. No dump on exchanges.
- No exchange on day 1
- 236 MidasCoin already paid through the Referral system.
Those Are facts, all the rest is for showing.
- 300 new registrations everyday
- Peak Hashrate of 31 Ghash/ - Average Hashrate 12+ Ghash.
- Hosted Merchant platform at 0 fee - Accept payment without hosting daemon (paypal style)
- Integrated financial Platform with ATM Debit Card and VCC (virtual credit card)
- Top management team: http://midaspay.io/the-golden-squad/
- Unique distribution system PoM. Unnecessary hashpower increase currency value
- Backed by gold reserve.
- Guaranteed increasing value
- Guaranteed community support helpdesk: 8 hours for low priority - 2 hours for Urgent.
- No Premine. No IPO. No dump on exchanges.
- No exchange on day 1
- 236 MidasCoin already paid through the Referral system.
Those Are facts, all the rest is for showing.
September 09, 2014, 07:30:26 PM
So much haters! Come on guys give midascoin a chance. 
September 09, 2014, 07:27:11 PM
So publicly stating personal info of a person who's personal info is publicly available on a WHOIS site is something that could cause legal action? Holy shit! I'm gonna be in so much trouble for posting that screenshot of his domain's WHOIS info!
Not at all. Public domain is public domain. He can cry all day long.
https://ip.bitcointalk.org/?u=http%3A%2F%2Fimg.photobucket.com%2Falbums%2Fv238%2Fjitrif%2Fscam_zpsdaa2ee1f.jpg&t=544&c=Hv-toOqi77oJmQ
(Edit: ok, so not sure which linked in address was him. removed.)
September 09, 2014, 07:26:50 PM
He's just a scammer and not even a good one. A good scammer tries to keep everyone on his good side by acting friendly and trustworthy. A bad one gets self righteous and threatens to sue while avoiding questions. Bad, bad, bad.
September 09, 2014, 07:24:32 PM
So publicly stating personal info of a person who's personal info is publicly available on a WHOIS site is something that could cause legal action? Holy shit! I'm gonna be in so much trouble for posting that screenshot of his domain's WHOIS info!
Not at all. Public domain is public domain. He can cry all day long.
September 09, 2014, 07:23:07 PM
- 2051 members registered on Midaspool.com
- 300 new registrations everyday
- Peak Hashrate of 31 Ghash/ - Average Hashrate 12+ Ghash.
- Merchant platform and without hosted daemon (paypal style)
- Integrated financial Platform with ATM Debit Card and VCC (virtual credit card)
- Top management team: http://midaspay.io/the-golden-squad/
- Unique distribution system PoM. Unnecessary hashpower increase currency value
- Backed by gold reserve.
- Guaranteed increasing value
- Guaranteed community support helpdesk: 8 hours for low priority - 2 hours for Urgent.
- No Premine. No IPO. No dump on exchanges.
- No exchange on day 1
- 236 MidasCoin already paid through the Referral system.
Those Are facts, all the rest is for showing.
- 300 new registrations everyday
- Peak Hashrate of 31 Ghash/ - Average Hashrate 12+ Ghash.
- Merchant platform and without hosted daemon (paypal style)
- Integrated financial Platform with ATM Debit Card and VCC (virtual credit card)
- Top management team: http://midaspay.io/the-golden-squad/
- Unique distribution system PoM. Unnecessary hashpower increase currency value
- Backed by gold reserve.
- Guaranteed increasing value
- Guaranteed community support helpdesk: 8 hours for low priority - 2 hours for Urgent.
- No Premine. No IPO. No dump on exchanges.
- No exchange on day 1
- 236 MidasCoin already paid through the Referral system.
Those Are facts, all the rest is for showing.
September 09, 2014, 07:15:43 PM
So publicly stating personal info of a person who's personal info is publicly available on a WHOIS site is something that could cause legal action? Holy shit! I'm gonna be in so much trouble for posting that screenshot of his domain's WHOIS info!
September 09, 2014, 07:15:08 PM
Ok, our testing on bitcointalk usability provided proof for our theory.
Despite the efforts is impossible to offer a proper communication channel in an environment without any moderation.
just as example, publishing this in the "real world" will cost you tons of money in legal actions, if not worst.
Thanks for confirming our thoughts
#midascoin is here, and is not going anywhere.
Despite the efforts is impossible to offer a proper communication channel in an environment without any moderation.
There is no "us." There is one guy, Giuseppe 'Joe' Liberati, who is a scammer working out of a purchased London address (an address that is known to host scam companies).
just as example, publishing this in the "real world" will cost you tons of money in legal actions, if not worst.
Thanks for confirming our thoughts
#midascoin is here, and is not going anywhere.
Well hard time to be a deceiver around there, i give you that. The good news is i won't sue you for the 10 BTC you owe me. Buy coffee or whatever with it. And come back with another coin next month may i suggest "Funnycoin".
September 09, 2014, 07:13:46 PM
September 09, 2014, 07:07:15 PM
Ok, our testing on bitcointalk usability provided proof to our theory.
Despite the efforts is impossible to offer a proper communication channel in an environment without any moderation.
just as example, publishing this in the "real world" will cost you tons of money in legal actions, if not worst.
Thanks for confirming our thoughts
#midascoin is here, and is not going anywhere.
Despite the efforts is impossible to offer a proper communication channel in an environment without any moderation.
There is no "us." There is one guy, Giuseppe 'Joe' Liberati, who is a scammer working out of a purchased London address (an address that is known to host scam companies).
just as example, publishing this in the "real world" will cost you tons of money in legal actions, if not worst.
Thanks for confirming our thoughts
#midascoin is here, and is not going anywhere.
Wait...are you threatening me? LOL..you spam my email and then threaten me with legal action? Okay, here's what's going to happen. I'm going to my facebook and post that Midascoin is run by Giuseppe Liberati who is scamming people. You do your worst.
September 09, 2014, 07:06:53 PM
There is no "us." There is one guy, Giuseppe 'Joe' Liberati, who is a scammer working out of a purchased London address (an address that is known to host scam companies).
By the way, here is the private message he sent me when I wondered where he got my email, a question he has not answered (boldface mine):
Hello,
By law, you have the full right of know how your data has been acquired, but this request is beyond reach of public department.
contact: [email protected] with your request.
I will escalate your email quickly for get proper priority.
Regards
Of course, I still haven't gotten an answer from the help desk.
London Address, domain registered in Rome. My question about this (on page 20 and 24) was not answered. However, it wasn't until page 31 that he offhandedly mentioned that:By the way, here is the private message he sent me when I wondered where he got my email, a question he has not answered (boldface mine):
Hello,
By law, you have the full right of know how your data has been acquired, but this request is beyond reach of public department.
contact: [email protected] with your request.
I will escalate your email quickly for get proper priority.
Regards
Of course, I still haven't gotten an answer from the help desk.
Quote
Gold is dispatched usually from our partners in Rome.
So he lives in Rome, but the business is in Britain?
September 09, 2014, 07:05:35 PM
There is no "us." There is one guy, Giuseppe 'Joe' Liberati, who is a scammer working out of a purchased London address (an address that is known to host scam companies).
By the way, here is the private message he sent me when I wondered where he got my email, a question he has not answered (boldface mine):
Hello,
By law, you have the full right of know how your data has been acquired, but this request is beyond reach of public department.
contact: [email protected] with your request.
I will escalate your email quickly for get proper priority.
Regards
Of course, I still haven't gotten an answer from the help desk.
By the way, here is the private message he sent me when I wondered where he got my email, a question he has not answered (boldface mine):
Hello,
By law, you have the full right of know how your data has been acquired, but this request is beyond reach of public department.
contact: [email protected] with your request.
I will escalate your email quickly for get proper priority.
Regards
Of course, I still haven't gotten an answer from the help desk.
I think the word of "help desk" is way overrated in this situation, or you probably meant the piece of wood (called the "helper" in Italia) who prevent the desk to fall apart?
There probably isn't a piece of wood. Maybe a piece of cardboard with staples.
September 09, 2014, 07:04:42 PM
Ok, our testing on bitcointalk usability provided proof for our theory.
Despite the efforts is impossible to offer a proper communication channel in an environment without any moderation.
just as example, publishing this in the "real world" will cost you tons of money in legal actions, if not worst.
Thanks for confirming our thoughts
#midascoin is here, and is not going anywhere.
Despite the efforts is impossible to offer a proper communication channel in an environment without any moderation.
There is no "us." There is one guy, Giuseppe 'Joe' Liberati, who is a scammer working out of a purchased London address (an address that is known to host scam companies).
just as example, publishing this in the "real world" will cost you tons of money in legal actions, if not worst.
Thanks for confirming our thoughts
#midascoin is here, and is not going anywhere.
September 09, 2014, 07:04:08 PM
There is no "us." There is one guy, Giuseppe 'Joe' Liberati, who is a scammer working out of a purchased London address (an address that is known to host scam companies).
By the way, here is the private message he sent me when I wondered where he got my email, a question he has not answered (boldface mine):
Hello,
By law, you have the full right of know how your data has been acquired, but this request is beyond reach of public department.
contact: [email protected] with your request.
I will escalate your email quickly for get proper priority.
Regards
Of course, I still haven't gotten an answer from the help desk.
By the way, here is the private message he sent me when I wondered where he got my email, a question he has not answered (boldface mine):
Hello,
By law, you have the full right of know how your data has been acquired, but this request is beyond reach of public department.
contact: [email protected] with your request.
I will escalate your email quickly for get proper priority.
Regards
Of course, I still haven't gotten an answer from the help desk.
I think the word of "help desk" is way overrated in this situation, or you probably meant the piece of scrap wood (called the "helper" in Italia) who prevent the desk to fall apart?
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