Topic: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet - page 134. (Read 579788 times)

Is this coin a scam?

Last week.

https://masterxchange.com/market.php?currency=msc

When this coin was launched and where can i buy some please ?

I think that just demonstrates how much 'conspiracy' is brought on to these boards, too many times.

@jubalix. It was my post, and i deleted it because i noticed afterwards i had posted the same link as drawingthesun previously.

This isn't a moderated topic, how can censorship be happening here?

I also note the poster adjacent to this was just deleted. Yes it was a bit harsh. It is dangerous to censor though in such circumstances

even though our 0.2 figure for MSC was also clearly wrong in hindsight.

this is a brand new space, there will be more mistakes by other projects, we need to support and help as well as critique when necessary. We learn by understanding our own mistakes and we progress by helping others.

I think it's amazing we were seen as some kind of pump and dump (not by you). We ended up with less liquidity when we need it to get the community developer teams up and running. The Master Protocol guys certainly did not want us to end up with a huge portion of MSC either as that is not great for them. So we made a mistake we never seen the rush come, but we paid for it by sacrificing approx $2-3.5 million in liquidity, but it was a stance we felt was fair on the community, our own concerns were secondary at that time. This does not count the fact the whole thing went for the 40% bonus rate, we (when I say we I mean the community not MaidSafe, it's the community that gets most of the funds we raised if we get it right) paid the price for our mistake in that way for sure. We can partially repay the wider community and we will by holding a meeting with all parties on Monday evening to figure out the mistakes, the good parts and how others can benefit, this will all be made public and hide nothing (as usual).

Why would we want loads of MSC and less BTC, people need to ask themselves this question, all our staff went full in BTC so it would make no sense at all.

The sale was amazing, we have several thousand buyers who are now part of making this all happen and now we have to work very hard to make sure they are all rewarded with a new Internet and an incredible currency. It's a humbling thing to see that level of support for a project, as a community we need to be very honest critical and brave. The huge majority are of the same opinion and that's amazing. We do need to clear up the messaging and everyone is very welcome to watch our meetings, read our emails (they are public at the dev list) and hopefully meet us at a show soon. Nothing like a meeting in person I think.

so thanks for your support and we will not let you down.

After giving this advantages to MSC holders you was schocked ? !!!  I would have the same feelings if I had see the oposite !
It was the worst decision ever made... Lots of potential investors loosed about 50% of their value. Fair or not that was the rules. In my opinion it was fair! Even BTC holders could prepared and buy MSCs for that reason to invest on your project... AND THAT ACTUAL HAPENNED!!! BTC holders buyed MSCs and the next Days they could not buy !!! So don't pretend you wanted to protect BTC holders you did exactly the oposite !!! BTC holders had buyed the MSCs only to donate to the IPO and they loosed ....everybody else they had allready MSCs  sold at 0.17 BTC... Don't say again you protected the BTC investors, maybe you wanted to protect them ok (I can believe that) BUT your action's did the OPOSITE admit it or NOT, thats the facts!

Do not worry we gave everyone the 40% discount. This was the step we had to take, to be fair. I figured that BTC holders were running the risk of being pushed out, also they ran the risk of all the bonus going to MSC holders. It was something we should have catered for better and a mistake in hindsight. We know now the Maser protocol rules way more than we did 2 weeks ago. It is a great system and we pushed it to the limits, those developers are amazing, but we slaughtered them with the speed of this.  

So we ended up with a super fast sale where the project got way too many MSC. We figured we may get 25% or so MSC and that was great as they had provided this system for us to be able to do the crowd sale and the devs there worked like mad to do it. As MSC is not as liquid as BTC we did want only a small amount, but this was us supporting the Mastercoin project as they supported us. I believe supporting each other is good. The 25% figure was something we could hope to see build value and liquidity over time, so great.

What happened shocked everyone, we had to act fast. So we purchased all msafe for BTC backers up front rather than manually converting on each purchase. This allowed everyone the same deal, even though our 0.2 figure for MSC was also clearly wrong in hindsight. This is a brand new space, there will be more mistakes by other projects, we need to support and help as well as critique when necessary. We learn by understanding our own mistakes and we progress by helping others.

I think it's amazing we were seen as some kind of pump and dump (not by you). We ended up with less liquidity when we need it to get the community developer teams up and running. The Master Protocol guys certainly did not want us to end up with a huge portion of MSC either as that is not great for them. So we made a mistake we never seen the rush come, but we paid for it by sacrificing approx $2-3.5 million in liquidity, but it was a stance we felt was fair on the community, our own concerns were secondary at that time. This does not count the fact the whole thing went for the 40% bonus rate, we (when I say we I mean the community not MaidSafe, it's the community that gets most of the funds we raised if we get it right) paid the price for our mistake in that way for sure. We can partially repay the wider community and we will by holding a meeting with all parties on Monday evening to figure out the mistakes, the good parts and how others can benefit, this will all be made public and hide nothing (as usual).

Why would we want loads of MSC and less BTC, people need to ask themselves this question, all our staff went full in BTC so it would make no sense at all.

The sale was amazing, we have several thousand buyers who are now part of making this all happen and now we have to work very hard to make sure they are all rewarded with a new Internet and an incredible currency. It's a humbling thing to see that level of support for a project, as a community we need to be very honest critical and brave. The huge majority are of the same opinion and that's amazing. We do need to clear up the messaging and everyone is very welcome to watch our meetings, read our emails (they are public at the dev list) and hopefully meet us at a show soon. Nothing like a meeting in person I think.

so thanks for your support and we will not let you down.

Do not worry we gave everyone the 40% discount. This was the step we had to take, to be fair. I figured that BTC holders were running the risk of being pushed out, also they ran the risk of all the bonus going to MSC holders. It was something we should have catered for better and a mistake in hindsight. We know now the Maser protocol rules way more than we did 2 weeks ago. It is a great system and we pushed it to the limits, those developers are amazing, but we slaughtered them with the speed of this.  

So we ended up with a super fast sale where the project got way too many MSC. We figured we may get 25% or so MSC and that was great as they had provided this system for us to be able to do the crowd sale and the devs there worked like mad to do it. As MSC is not as liquid as BTC we did want only a small amount, but this was us supporting the Mastercoin project as they supported us. I believe supporting each other is good. The 25% figure was something we could hope to see build value and liquidity over time, so great.

What happened shocked everyone, we had to act fast. So we purchased all msafe for BTC backers up front rather than manually converting on each purchase. This allowed everyone the same deal, even though our 0.2 figure for MSC was also clearly wrong in hindsight. This is a brand new space, there will be more mistakes by other projects, we need to support and help as well as critique when necessary. We learn by understanding our own mistakes and we progress by helping others.

I think it's amazing we were seen as some kind of pump and dump (not by you). We ended up with less liquidity when we need it to get the community developer teams up and running. The Master Protocol guys certainly did not want us to end up with a huge portion of MSC either as that is not great for them. So we made a mistake we never seen the rush come, but we paid for it by sacrificing approx $2-3.5 million in liquidity, but it was a stance we felt was fair on the community, our own concerns were secondary at that time. This does not count the fact the whole thing went for the 40% bonus rate, we (when I say we I mean the community not MaidSafe, it's the community that gets most of the funds we raised if we get it right) paid the price for our mistake in that way for sure. We can partially repay the wider community and we will by holding a meeting with all parties on Monday evening to figure out the mistakes, the good parts and how others can benefit, this will all be made public and hide nothing (as usual).

Why would we want loads of MSC and less BTC, people need to ask themselves this question, all our staff went full in BTC so it would make no sense at all.

The sale was amazing, we have several thousand buyers who are now part of making this all happen and now we have to work very hard to make sure they are all rewarded with a new Internet and an incredible currency. It's a humbling thing to see that level of support for a project, as a community we need to be very honest critical and brave. The huge majority are of the same opinion and that's amazing. We do need to clear up the messaging and everyone is very welcome to watch our meetings, read our emails (they are public at the dev list) and hopefully meet us at a show soon. Nothing like a meeting in person I think.

so thanks for your support and we will not let you down.

Why there is only one exchange?

Thanks for the message dirvine. I know it's a message to the wider community and not just a response to me. I need to do some calculations before I comment further.


If people are buying bitcoin at 5 cents right now whilst others are buying them $450, then obviously that is a problem. Well, I say obviously...

And according to you, something can only be unfair if it involves coercion?  I'm not even replying to that.