[ANN][MID]MidasCoin|New Scrypt PoM|Backed Value|ATM card|Referral|NO IPO|UNIQUE - page 7.

MidasCoin

newbie

Activity: 42

Merit: 0

Quote from: raveneye on September 09, 2014, 04:30:50 PM

Why hash PoW at all when only 1 central authority (the official pool) is allowed to confirm transactions?

Ok, now everyone know for sure that you have no clue of what you are talking about Cool

Every node confirm/reject/rebroadcast transactions, it's the milestone of cryptocurrency, and #midascoin make no exception.

Please, invest better your time. Even trolling need some background info.

What are gonna do next? Keep going until you say something with a meaning?

You may eventually succed, even a broken clock show the correct time twice a day

raveneye

full member

Activity: 122

Merit: 100

Quote from: raveneye on September 09, 2014, 01:25:44 PM

Quote from: MidasCoin on September 09, 2014, 11:55:46 AM

Like stated before, when you have nothing to say, silence is "golden".

What is the point of PoW mining when only a central pool can confirm transactions? The point of PoW is to decentralize confirmation of transactions through blocks.

If only one authority has control over confirmation (in this case the official pool) then why bother mining at all? Blocks could just be validated by having the developer sign each block with his private key, and the block chain would be "secured" without requiring any hashing at all.

The only reason you require people to send hashing power to your pool is because you need something to steal.

So, coins are going into your pocket... and yet this question still went unanswered.

Why hash PoW at all when only 1 central authority (the official pool) is allowed to confirm transactions?

PCJargon

full member

Activity: 126

Merit: 100

Smashing rocks with my GPU

Quote from: fr4nkthetank on September 09, 2014, 02:58:48 PM

Quote from: MidasCoin on September 09, 2014, 02:37:52 PM

Quote from: raveneye on September 09, 2014, 01:25:44 PM

Speaking of silence, when are you going to answer the question about what you are doing with all of the other alt coins you are mining at the moment? Will they be sold and distributed or kept for yourself? After all, every con needs a take.

Already replied multiple times.

The PoM "unnecessary" hashrate is contributing, partially, to the reserve increase, ensuring that #midascoin value will increase too.

Thanks for your sustain

lol

there is no spoon

And by "reserve increase" you mean your own wallet that is getting fat with Litecoin? I wanted to believe in this coin at first, but I spent the time to really look and think into it... it's either a scam or a failure. Everyone here who's serious about it, is kidding themselves.

fr4nkthetank

legendary

Activity: 2294

Merit: 1182

Now the money is free, and so the people will be

Quote from: MidasCoin on September 09, 2014, 02:37:52 PM

Quote from: raveneye on September 09, 2014, 01:25:44 PM

Speaking of silence, when are you going to answer the question about what you are doing with all of the other alt coins you are mining at the moment? Will they be sold and distributed or kept for yourself? After all, every con needs a take.

Already replied multiple times.

The PoM "unnecessary" hashrate is contributing, partially, to the reserve increase, ensuring that #midascoin value will increase too.

Thanks for your sustain

lol

there is no spoon

MidasCoin

newbie

Activity: 42

Merit: 0

Quote from: raveneye on September 09, 2014, 01:25:44 PM

Speaking of silence, when are you going to answer the question about what you are doing with all of the other alt coins you are mining at the moment? Will they be sold and distributed or kept for yourself? After all, every con needs a take.

Already replied multiple times.

The PoM "unnecessary" hashrate is contributing, partially, to the reserve increase, ensuring that #midascoin value will increase too.

Thanks for your sustain

raveneye

full member

Activity: 122

Merit: 100

Quote from: MidasCoin on September 09, 2014, 11:55:46 AM

Like stated before, when you have nothing to say, silence is "golden".

What is the point of PoW mining when only a central pool can confirm transactions? The point of PoW is to decentralize confirmation of transactions through blocks.

If only one authority has control over confirmation (in this case the official pool) then why bother mining at all? Blocks could just be validated by having the developer sign each block with his private key, and the block chain would be "secured" without requiring any hashing at all.

The only reason you require people to send hashing power to your pool is because you need something to steal.

Speaking of silence, when are you going to answer the question about what you are doing with all of the other alt coins you are mining at the moment? Will they be sold and distributed or kept for yourself? After all, every con needs a take.

sdersdf2

full member

Activity: 224

Merit: 100

Quote from: bigc1984 on September 09, 2014, 11:22:45 AM

Quote from: LordPiccolo on September 09, 2014, 11:16:28 AM

interesting how you register your company in the U.K to an address which you have probably never been to!

You also only sell the card top ups in dollars, why is this? why not use GBP?

who would want to take GBP for anything? Everything British is trash including their hygiene and physical appearance. How about those disgusting teeth? Too many years of inbreeding... *SMH*

Perhaps, but that little island accomplished a heckuva lot more over the centuries than most countries more than 10x its size and population ever have (or probably will).

YouIsPeng

full member

Activity: 175

Merit: 100

Quote from: bigc1984 on September 09, 2014, 11:22:45 AM

Quote from: LordPiccolo on September 09, 2014, 11:16:28 AM

interesting how you register your company in the U.K to an address which you have probably never been to!

You also only sell the card top ups in dollars, why is this? why not use GBP?

who would want to take GBP for anything? Everything British is trash including their hygiene and physical appearance. How about those disgusting teeth? Too many years of inbreeding... *SMH*

Hmm, this coming from an American. Just proves that Alanis Morissette isn't the only one that doesn't know the real meaning of irony.

Squeal Piggy.

LordPiccolo

hero member

Activity: 1022

Merit: 1000

Quote from: bigc1984 on September 09, 2014, 11:22:45 AM

Quote from: LordPiccolo on September 09, 2014, 11:16:28 AM

interesting how you register your company in the U.K to an address which you have probably never been to!

You also only sell the card top ups in dollars, why is this? why not use GBP?

who would want to take GBP for anything? Everything British is trash including their hygiene and physical appearance. How about those disgusting teeth? Too many years of inbreeding... *SMH*

This is a world wide thing, but yes, some of the folks over here are rotten to look at!

pollforall

full member

Activity: 177

Merit: 100

the coin owners and dev look at good, they make some improvements for coins, fixing isues, rebuilding wallets with autosync for these who not need to use conf to add nodes. and more , i think may be they are one for small who need their coin to be stable. will see

.
i provide some little services for them and i think they are seriously, will see how the coin will be.

MidasCoin

newbie

Activity: 42

Merit: 0

Quote from: earlz on September 09, 2014, 11:34:54 AM

PoM is flawed and will enable very easy double spends.

Even though a 51% attack will yield no rewards from the block reward, it can still be easily used to overwrite transactions with 6 or more confirmations. This is a fundamental flaw with the design.

Welcome to the cryptocommunity, the place where you can make accusation and try to damage business reputation without proof, without going to jail.

You are stealing all the communication space for the community, without nothing to say.

Is not strange, Earl, that you are sustaining this since day 1 of the Pre-Announce, long before seeing the source? Inform us about your divination secrets

Like stated before, when you have nothing to say, silence is "golden".

earlz

sr. member

Activity: 439

Merit: 250

mmmmmm

PoM is flawed and will enable very easy double spends.

Even though a 51% attack will yield no rewards from the block reward, it can still be easily used to overwrite transactions with 6 or more confirmations. This is a fundamental flaw with the design.

bigc1984

hero member

Activity: 658

Merit: 534

Quote from: LordPiccolo on September 09, 2014, 11:16:28 AM

interesting how you register your company in the U.K to an address which you have probably never been to!

You also only sell the card top ups in dollars, why is this? why not use GBP?

who would want to take GBP for anything? Everything British is trash including their hygiene and physical appearance. How about those disgusting teeth? Too many years of inbreeding... *SMH*

LordPiccolo

hero member

Activity: 1022

Merit: 1000

interesting how you register your company in the U.K to an address which you have probably never been to!

You also only sell the card top ups in dollars, why is this? why not use GBP?

IceColdTommy

full member

Activity: 168

Merit: 100

Quote from: MidasCoin on September 09, 2014, 11:04:21 AM

Quote from: IceColdTommy on September 09, 2014, 11:00:07 AM

hater gonna hate!!!

And you just joined to post this?

This is the kind of community harass that disturb us mostly.

No added value, only stealing space and making this communication channel unpleasant.

You are gently advised to stop.

You can't stop members from posting this kind of lines, they are part of crypto

MidasCoin

newbie

Activity: 42

Merit: 0

Quote from: IceColdTommy on September 09, 2014, 11:00:07 AM

hater gonna hate!!!

And you just joined to post this?

This is the kind of community harass that disturb us mostly.

No added value, only stealing space and making this communication channel unpleasant.

You are gently advised to stop.

IceColdTommy

full member

Activity: 168

Merit: 100

Quote from: sre770 on September 09, 2014, 10:54:57 AM

hi bros! im here only for say that all scammers of midascoin are not in thruth, i've recent recived my first coins and the speed is excellente of transaction (more than other btc transactions i've made) and the people who rules the pool really helped me in much things, really recommend that yehhhh

hater gonna hate!!!

And you just joined to post this?

MidasAlchemist

newbie

Activity: 56

Merit: 0

By the request of the community, MidasCoin wallet for OS X and Windows has been upgraded with auto sync nodes. No need to manually add nodes for future downloaders. This doesn't affect people who are already up and running, unless your wallet is having trouble with syncing to the network.

MidasCoin

newbie

Activity: 42

Merit: 0

All data (again) are managed, stored, collected, removed, shared according to our http://midaspay.io/privacy-policy/

Best Regards

sre770

newbie

Activity: 1

Merit: 0

hi bros! im here only for say that all scammers of midascoin are not in thruth, i've recent recived my first coins and the speed is excellente of transaction (more than other btc transactions i've made) and the people who rules the pool really helped me in much things, really recommend that yehhhh

hater gonna hate!!!

Topic: [ANN][MID]MidasCoin|New Scrypt PoM|Backed Value|ATM card|Referral|NO IPO|UNIQUE - page 7. (Read 63992 times)