Topic: [ANN][MID]MidasCoin|New Scrypt PoM|Backed Value|ATM card|Referral|NO IPO|UNIQUE - page 42. (Read 63996 times)

it seems look so good ,I'm following this coin~

MidasCoin, MidasAlchemist, Firstly, very detailed OP, nice work.

Simply an FYI.

• On the home page of http://midascoin.io the following css is displayed in the browser above the countdown timer;

• FAQ link (top left - http://midascoin.io/faq-4/) & ATM Withdraw (bottom left - http://midascoin.io/midas-mastercard-2/). FAQ  appears to be incomplete/default template, also both pages display css in browser.

• http://midascoin.io/refer-a-friend results in 404.

• Also, the email envelope (top right) links to http://midascoin.io/[email protected] (page not found) instead of spawning mail app.

This is a completely flawed concept.

Let's say your PoM network has a total of 10ghash/s. In order for PoM to be making money though, they are only dedicating 1ghash/s to the midas network. And let's say an attacker has 2 ghash/s, so they have better than a 50% attack, they have a 100% attack and can make themselves the legitimate chain at will.

The attacker sends money to an exchange at block 1000 and cashes out to bitcoin/fiat. The attacker then uses his 2ghash/s to mint a blockchain twice as powerful as the legitimate 1ghash/s chain. He mines until block 2000, privately. He does not give any way for his double spending fork to be discovered. His chain is twice as powerful as the legit chain. So, now he broadcasts it. IT gets relatively instantly accepted as the legit chain. If the PoM pool kicked in and started using all 10ghash/s to bring the network back to legit status, it would not instantly flip back to legit status. It would take a series of hours or even days of mining to overcome the other chain. (about 10 times less time than the attacker took. So, if the attacker 2ghash/s mined blocks for 10 days, the legit chain with 10ghash/s would take 2 days to become more powerful). During this day, they could have their double spent coins go to another transaction and spend things again. Also, anyone else could do the same. Send coins to an exchange, cash out, then wait for the legit fork to undo that transaction.

The entire idea is one of the most terrible and ill thought out things I've heard in quite some time. I understand the intentions, but it's not possible. At all. It actually makes double spending significantly easier.

Hello,

The launch date is 7th September 23:00 GMT.

Link to the countdown image gif is here, or on the front page of our sites.

http://gifcountdown.com/europe-london/1410127200/141414/0f0f0f/aaaaaa/fdfdfd/faedad/true/counter.gif

Free coins will be more attractive of course.for so many people have no rigs.

Digishield.

Or link to alt account for credibility.

In saying this, very detailed OP. Well done, I look forward to seeing the future of this coin.

It's not enough of course,we just want some free coins.not discount....

If I'm not mistaken and assuming they can do what they claim, I believe this was addressed in the OP.  Sounds like this coin, again if they can do what they say, will be much protected from such attacks as other coins.

Hello,

We will post some discount % vouchers for the first 100 posters for use in our online shop after the launch

agree, the community will get more coins for the giveaway.

hope to provide Chinese extension service for you,
I can help you creating a QQ group Like other successful alt coin.what do you think?
BTW:I can make a Chinese translation too.

Link directly MidasPool.com.http://www.midaspool.com/ref/25    (use my ref,get extra coins,contact me when you start to mine.)
If your need more information, link to MidasCoin.io site. http://www.midascoin.io/ref/25

When is the actual launch time/date?

MidasCoin should be a PURE pos COIN.POW is not a good choice , I means 51% attack .

Agreed, free coins for first page posters

This does seem to solve a lot of problems in one shot though! If legit..

take a look,not very bad.any free coins for the first page posters?

Watching.

MidasCoin,--0 posts,why not use a old account,it'll be more better.  

Interesting- I'm following

Yeah me too and I have noticed that about you.  You've actually become a good indicator for me:-)

oh,so many words,must be a big ...