It also resembled the Ethereum logo(Miden extends Ethereum)
The lines surrounding the line at the centre looks like they are making it secure/private
It also somehow looks good(to me) as a symbol of money or a token of value.
The main cons is that it looks too generic and less unique - may end of looking like few other logos that we do not know now. Can still be fixed by a professional designer.
We want to have a new Miden logo in slightly different colours. Maybe we need a designer for that.
Let's collect suggestions in this issue.