Topic: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet - page 159. (Read 579951 times)

OP could you please explain how we do get the MaidSafeCoins?

I sent some BTC from Blockchain.info to the IPO wallet how will I receive the MaidSafeCoins?

I hope this helps explain it a bit better. I know we will not please everyone for sure, but I hope we did please the vast majority of supporters.  BitAngels have already said they will honour some of the MSC guys who did miss out, but a fair balance needed to be found and fast as far as I was concerned, otherwise BTC holders would be completely pushed out and that would help nobody at all.

There is a press release now which explains the madness (in the best possible way) of the crowd sale http://launch.it/launch/maidsafe-sells-6-million-of-bitcoin-20-software-in-five-hours

I hope this helps everyone. Remember zero founders shares in this sale, this is a proposition of equals to create a huge community of equals and maidsafe the company will participate like any other company or team in this new network. We have and will make errors in judgement and the sale showed why we should never under-estimate participation, it seems people want this network to succeed but feel left out, this is not the case. We want as many folks as possible to be part of it and if maidsafe do not provide value, then they will not exist. This is correct and fair I think. I am confident we will provide further value, but we have no control to ensure that, only our tenacity and brutal honesty with a little bit of skill and lots of effort will allow us to keep being part of this.

It looks like to me that there is *APPROXIMATELY* (Rough estimate) around 1,200 BTC's left worth of MaidSafeCoins.

from Fraser(an official member of MAIDSAFE)

Hi folks,

Just an update for those of you waiting for MaidSafeCoins in return for your Bitcoins.

Viv and myself are at the office trying to process these transactions, but we're having a couple of teething issues which are holding things up slightly.

We've now got a script which we're using to pull the details from the BTC blockchain.  We're feeding this into a Google Drive spreadsheet here: https://docs.google.com/spreadsheets/d/1r4fv57JDNkW55P5dnwPmHF3rOhdt1Jn5I2DZFuZfmfU/edit?usp=sharing

All the confirmed transactions up until very recently should now be visible in here.  We've only managed to process a handful of the transfers of MaidSafeCoin back out, since that's where we're seeing issues - quite a few of these transfer attempts appear to have failed.  We want to confirm our process before proceeding too much further, but you should be able to validate from this spreadsheet that any BTC you transferred have been correctly received.  As we manage to send out the MaidSafeCoins, we'll keep the spreadsheet updated so you should be able to check that's correct too.

As soon as we get our process straightened out we'll get back on the manual transfer.  I expect it will be all hands to the pumps when the rest of the staff arrive here in a few hours, so things should go a bit quicker again then.

Sorry for the snag - hopefully we shouldn't be too long getting things rolling again.

Thanks,
Fraser.

Good question guess people will need to wait for the Maidcoins to be distributed out from the Exodus address

same boat...manual processing with thousands of txns..could take days?

Seeking Fair Solution to Overwhelming Demand, $2 Million of Crowd-Sale Tokens Re-listed for Bitcoins
http://blog.mastercoin.org/2014/04/22/news-alert-maidsafe-sells-6-million-of-bitcoin-2-0-software-in-five-hours/

@loveyouforever




the BTC was manual and slower, the MSC was automatic. so, you and other BTC baackers will see coins after the team manually transfering the coins to your BTC sending address.

it is still OPEN to BTC, but closed to MSC right now.
http://www.buysafecoins.com/

Coins Source's press about Maidsafe

http://www.coinssource.com/maidsafe-storms-in-with-6mil-in-funding/

@maidsafe
I have sent BTC to the BTC address, how can I know I receive this coin?

you can find out David Irvine at
https://groups.google.com/forum/#!topic/maidsafe-development/vkr5mty4k4s

Could you please provide a link in this thread when the site is updated?

"we are processing the BTC manually, but looks like the Master Protocol guys may automate this for us. We are updating the site now to explain this process and the intention. It seems there may be 24-48 delay on seeing the MSAFE coins, but the blockchain confirms receipt of the BTC and we have created a spreadsheet detailing all the tx that we were using for the manual process."
from dirvine

I'm of course perplexed why you even bothered to use such a bad system like Mastercoin.

I think we can be accused of poor judgement or perhaps not building in currency limits to the process better. The current Master Protocol does not allow this, we did find a solution part way through. To implement further rules such as max investment would be difficult as people can just send lots of small amount. I think this Bitcoin system itself would not protect that in any way. We are seeing hundreds of small amounts and that is great. As I said previously my goal is lots of people involved early on.

As far as the greed goes we ended up taking a 40% reduction across the board to try and make sure everyone was compensated evenly as the MSC purchasers (automatic) were swamping the system pushing out the BTC buyers, who had to be manually processed. The flood of MSC caused issues for this sale and the mastercoin systems synchronizing all at the same time. It is settling nw and there are still some BTC buyers to come as there are a few hundred left before the close.

Maidsafe used the fuckton of MSC that was sent in to convert to the full amount of the IPO immediately so they could begin distributing them to the BTC backers.  That 456 million reflects the maidsafe purchased with MSC, BTC, and whatever is still left unpurchased. One of those really big MSC transactions is the maidsafe team themselves.

Hey guys some help here for a first time ipo purchase. I sent btc to safecoin address... not the masterchest.info shows no balance. When do we get the safecoin?

the bigger question is where. I am still trying to figure it out. Any help would be appreciated. thanks

I bought in a token amount (1 BTC).

The Safecoin folks are were pretty much screwed by the MSC folks.  Think about it,  the MSC that was used to purchase the Maidsafe coins are now 1/2 the purchase price.   Anyway,  let's see how they sort this out.

If they refund the MSC, then there will be a lot MSC folks sceaming bloody murder.

from what i can tell yes.

But there still a few unknowns, it looks like it will be over at around 9000 btc, can anyone else confirm?

But there is current confusion on the amount that will be given out in the IPO because the total safecoins distributed from mastercoin alone is already more than what was originally thought to be the initial distribution