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Topic: [Ann] Safecoin maidsafecoin - page 20. (Read 76678 times)

hero member
Activity: 714
Merit: 502
April 22, 2014, 02:53:01 PM

I think this MaidSafe pump is the last time in a while that people will be able to get out of MSC at these higher prices. MSC is going nowhere. It was flawed from the start by its distribution as well.

called it, lol price now in the 0.06ish

the question is, what are they going to do with the MSC they received for the IPO?

They can get about 20k for them still on masterxchange bit of an odd swop for god knows how many million but each to their own.
sr. member
Activity: 531
Merit: 260
Vires in Numeris
April 22, 2014, 02:52:08 PM
Then every single holder of mastercoin would make a claim, and value in the funds raised would be diluted to the point of being worthless. There's strong demand to dump mastercoin, and a lot of pre-arranged investment in bitcoin.

Disclaimer: drunk
I don't understand that .. What claim?.. the timing of MSC relative to BTC is known..first come first served.
hero member
Activity: 714
Merit: 502
April 22, 2014, 02:51:57 PM
So, the entire amount of crowd sale maidsafe coins (25k BTC worth), sold out within a few hours instead of 30 days.

I'm guessing if you were one of the lucky people that got a piece of that, you're about to have your money quadrupled instantly... holly smokes... never seen that much sell so fast...

Earlier I was dying for a reason to have faith in humanity, now for a short while at least I hope there's not.   Undecided big profit maybe but would be happy to turn back time tbh feel like scum.
legendary
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
April 22, 2014, 02:51:01 PM
So, the entire amount of crowd sale maidsafe coins (25k BTC worth), sold out within a few hours instead of 30 days.

I'm guessing if you were one of the lucky people that got a piece of that, you're about to have your money quadrupled instantly... holly smokes... never seen that much sell so fast...

Is the sale already over?  The only way to buy maidsafecoin was to buy MSC?
legendary
Activity: 1320
Merit: 1007
April 22, 2014, 02:50:25 PM

I think this MaidSafe pump is the last time in a while that people will be able to get out of MSC at these higher prices. MSC is going nowhere. It was flawed from the start by its distribution as well.

called it, lol price now in the 0.06ish

the question is, what are they going to do with the MSC they received for the IPO? MSC has no liquidity, and if they want to use it to pay for expenses, they are going to have to sell MSC for BTC/USD..
hero member
Activity: 714
Merit: 502
April 22, 2014, 02:49:20 PM
I just meant to say that they had to "buyout" safecoins for BTC donors by themselves before closing the IPO on mastercoin protocol. Why there are 455,948,702 instead of 429,496,729 safecoins I don't know. Probably every IPO purchase that gets in the same block as the transaction signifying the end of IPO is valid, so there is no way cut it at an exact amount of coins and there is always some "spillover".


As I understand, they had to create all safecoins before shutting down MSC acceptance (because of the way mastercoin protocol works). So, 1NpScs5QhqmSeV6FZUdGUFvVVfQGbuBV3Y (balance 159681477) is probably their own address. Now they will have to send safecoins from that address to BTC donors manually.

I repeat:

The list provided in the link above says that 455,948,702.00 have been accounted for. Yet the safecoin.io website says there was only 429,496,729 available for the IPO.

Does this mean there are no more MaidSafeCoins available for BTC investors?

Ah what you're saying is the final order placed can't be divided up by the auto issuance system. Because the protocol itself can't divide up the funds received so there's a spillover?

It's easy to give change on spillover with the simple manual system of exodus address, I just mean Mastercoin claim to have an automated system, and no way for an.... nah forget this line of convo I might well be talking shit here!
sr. member
Activity: 308
Merit: 250
Vod is a liar
April 22, 2014, 02:49:16 PM
So, the entire amount of crowd sale maidsafe coins (25k BTC worth), sold out within a few hours instead of 30 days.

I'm guessing if you were one of the lucky people that got a piece of that, you're about to have your money quadrupled instantly... holly smokes... never seen that much sell so fast...
hero member
Activity: 714
Merit: 502
April 22, 2014, 02:47:13 PM
A bit behind and trying to make sense of this..

Why don't they just release the 10% cap and honour the exchange for BTC and MSC suggested?.. or otherwise honour the commitment and do the math from timing of payments and lock out those that were too late??.. If MSC holders put the effort in and were quicker to transfer, why not go with that???... Some BTC transfers will have been OK relative to meeting the 10% limit. Disappointing for those that were late but this is a great offering by what has been detailed so far.. Still I don't understand the cap needs to be hard10% if there is already such strong demand.. Sell it all why not? Smiley

Then every single holder of mastercoin would make a claim, and value in the funds raised would be diluted to the point of being worthless. There's strong demand to dump mastercoin, and a lot of pre-arranged investment in bitcoin.
sr. member
Activity: 531
Merit: 260
Vires in Numeris
April 22, 2014, 02:40:58 PM
A bit behind and trying to make sense of this..

Why don't they just release the 10% cap and honour the exchange for BTC and MSC suggested?.. or otherwise honour the commitment and do the math from timing of payments and lock out those that were too late??.. If MSC holders put the effort in and were quicker to transfer, why not go with that???... Some BTC transfers will have been OK relative to meeting the 10% limit. Disappointing for those that were late but this is a great offering by what has been detailed so far.. Still I don't understand the cap needs to be hard10% if there is already such strong demand.. Sell it all why not? Smiley
member
Activity: 97
Merit: 10
Inch by Inch,Play by Play
April 22, 2014, 02:35:27 PM

This is what we have done, it reduces the back office steps, ensures BTC backers are looked after and not squeezed out. MSC backers got in at almost equal footing as BTC (almost 50% / 50%) and we all win.


Yeah right, i don't think those buing MSC above 0.069 (current price of posting), which is almost EVERYONE, and didn't have time to get in as you slammed the door in their face share your thinking.

Then I was outside thinking and thinking, what is happening this is too fast, the MSC holders are at great advantage and BTC supporters are going to be disadvantaged a lot
One should do his "thinking and thinking" before taking action.
You provided a MSC rate above market price and were surprised most buys came through MSC? Giving automated buys for MSC and not for BTC was an extra bonus.I am afraid that your team is just incompetent and couldn't foresee the obvious. Best of luck. You'll need it.

I can't believe that people with zero knowledge about economics are making decisions for so much money involved!
I mean I hope they have no clue... because if they do, it is obvious it was aggreed under the table with the MasterCoins people....

So we have right now three scenarios:
1)maidsafe has no clue about economics so Mastershit Holders have take the advantage over all involved...
2)both have no clue about economics (so how the hell mastercoin holders managed to have so a huge advantage over others?)
3)both are experts so that means they are scammers and made an agreement under the table on how they play best each role without anybody can officialy claim it was organized/designed...

I want to vote scenario 1)
I don't even want to think about scenario 3)  Angry
hero member
Activity: 714
Merit: 502
April 22, 2014, 02:29:48 PM
As I understand, they had to create all safecoins before shutting down MSC acceptance (because of the way mastercoin protocol works). So, 1NpScs5QhqmSeV6FZUdGUFvVVfQGbuBV3Y (balance 159681477) is probably their own address. Now they will have to send safecoins from that address to BTC donors manually.

I repeat:

The list provided in the link above says that 455,948,702.00 have been accounted for. Yet the safecoin.io website says there was only 429,496,729 available for the IPO.

Does this mean there are no more MaidSafeCoins available for BTC investors?

Ah what you're saying is the final order placed can't be divided up by the auto issuance system. Because the protocol itself can't divide up the funds received so there's a spillover?
legendary
Activity: 1316
Merit: 1000
April 22, 2014, 02:26:17 PM
As I understand, they had to create all safecoins before shutting down MSC acceptance (because of the way mastercoin protocol works). So, 1NpScs5QhqmSeV6FZUdGUFvVVfQGbuBV3Y (balance 159681477) is probably their own address. Now they will have to send safecoins from that address to BTC donors manually.

I repeat:

The list provided in the link above says that 455,948,702.00 have been accounted for. Yet the safecoin.io website says there was only 429,496,729 available for the IPO.

Does this mean there are no more MaidSafeCoins available for BTC investors?

Okay I had wondered if that was a possibility.

That does make more sense.
hero member
Activity: 714
Merit: 502
April 22, 2014, 02:23:40 PM
I missed the IPO announcement, and I am glad I did. I probably would have tried to buy MSC below 0.02 BTC and gotten screwed.

Not sure whether these guys are incompetent or scammers. Its clear though that MSC whales have made a killing.

I'd say a good 80% of the value of the IPO is in their pockets. You do have to question why david would pay an $8million fee for something that is available freely.

I'm confused - do you mean David Johnston of Mastercoin/Bitangels or David Irvine of MaidSafe/Safecoin?

David Irvine I suspect David Johnston is opening Champagne on his Yacht
hero member
Activity: 714
Merit: 502
April 22, 2014, 02:22:47 PM
I´ve sent some BTC to the BTc ipo address. How can I see how many maidsafecoins are on the address now?

It's listed here just search for your bitcoin address http://www.mymastercoins.com/Investors.aspx?CurrencyID=3

My bitcoin address is not on the (short) list.  Sad

Me neither.  Does this mean I didn't get any or it just hasn't been posted yet?

I have no idea what is going on. The list provided in the link above says that 455,948,702.00 have been accounted for. Yet the safecoin.io website says there was only 429,496,729 available for the IPO.

here is one address on that list:

1NpScs5QhqmSeV6FZUdGUFvVVfQGbuBV3Y    159681477

159681477 / 17000 = 9393.02 BTC

9393.02 BTC worth of MaidSafeCoin to one address ?? That is roughly US$4,600,000

WTF?


I haven't done the full maths because it's too complicated, but the bonus was on a sliding scale from 40% to 30% over the course of 7 days moving per block count. 20 million definitely seems like too much too account for in this way though, very worrying for holders at the top

Okay - either I am missing something or you are not understanding my point.

The IPO details on safecoin.io state that 429,496,729 maidsafecoins will be available for the IPO period.

The list of Mastcoin investors (http://www.mymastercoins.com/Investors.aspx?CurrencyID=3) indicates that 455,948,702 have already been distributed.

This means that already, just taking into account Mastercoin investment, they have distributed 26,451,973 MORE than the IPO stated were available.


Sorry see what you mean, I assumed you'd done the maths yourselves, no Idea about that fucking complicated to check too. Would like to know if that list is in order though in case some of us are up for the chop
legendary
Activity: 1442
Merit: 1001
April 22, 2014, 02:21:00 PM
I missed the IPO announcement, and I am glad I did. I probably would have tried to buy MSC below 0.02 BTC and gotten screwed.

Not sure whether these guys are incompetent or scammers. Its clear though that MSC whales have made a killing.

I'd say a good 80% of the value of the IPO is in their pockets. You do have to question why david would pay an $8million fee for something that is available freely.

I'm confused - do you mean David Johnston of Mastercoin/Bitangels or David Irvine of MaidSafe/Safecoin?
hero member
Activity: 714
Merit: 502
April 22, 2014, 02:19:17 PM
I hope that guy NayDog or whatever he's called is alright he said he lost 1000 bitcoins and has been offline for 6 hours since.
hero member
Activity: 714
Merit: 502
April 22, 2014, 02:17:46 PM
I´ve sent some BTC to the BTc ipo address. How can I see how many maidsafecoins are on the address now?

It's listed here just search for your bitcoin address http://www.mymastercoins.com/Investors.aspx?CurrencyID=3

My bitcoin address is not on the (short) list.  Sad

Me neither.  Does this mean I didn't get any or it just hasn't been posted yet?

I have no idea what is going on. The list provided in the link above says that 455,948,702.00 have been accounted for. Yet the safecoin.io website says there was only 429,496,729 available for the IPO.

here is one address on that list:

1NpScs5QhqmSeV6FZUdGUFvVVfQGbuBV3Y    159681477

159681477 / 17000 = 9393.02 BTC

9393.02 BTC worth of MaidSafeCoin to one address ?? That is roughly US$4,600,000

WTF?


I haven't done the full maths because it's too complicated, but the bonus was on a sliding scale from 40% to 30% over the course of 7 days moving per block count. 20 million definitely seems like too much too account for in this way though, very worrying for holders at the top

Okay - either I am missing something or you are not understanding my point.

The IPO details on safecoin.io state that 429,496,729 maidsafecoins will be available for the IPO period.

The list of Mastcoin investors (http://www.mymastercoins.com/Investors.aspx?CurrencyID=3) indicates that 455,948,702 have already been distributed.

This means that already, just taking into account Mastercoin investment, they have distributed 26,451,973 MORE than the IPO stated were available.


No what I am saying is your maths could potentially be wrong because you're working out the bonus at 140% when it drops on a sliding scale. I'm also conceding that does sound like a lot of coins for this explanation to account for I'll look into it now.
hero member
Activity: 714
Merit: 502
April 22, 2014, 02:15:22 PM
I missed the IPO announcement, and I am glad I did. I probably would have tried to buy MSC below 0.02 BTC and gotten screwed.

Not sure whether these guys are incompetent or scammers. Its clear though that MSC whales have made a killing.

I'd say a good 80% of the value of the IPO is in their pockets. You do have to question why david would pay an $8million fee for something that is available freely.
legendary
Activity: 1316
Merit: 1000
April 22, 2014, 02:14:53 PM
I´ve sent some BTC to the BTc ipo address. How can I see how many maidsafecoins are on the address now?

It's listed here just search for your bitcoin address http://www.mymastercoins.com/Investors.aspx?CurrencyID=3

My bitcoin address is not on the (short) list.  Sad

Me neither.  Does this mean I didn't get any or it just hasn't been posted yet?

I have no idea what is going on. The list provided in the link above says that 455,948,702.00 have been accounted for. Yet the safecoin.io website says there was only 429,496,729 available for the IPO.

here is one address on that list:

1NpScs5QhqmSeV6FZUdGUFvVVfQGbuBV3Y    159681477

159681477 / 17000 = 9393.02 BTC

9393.02 BTC worth of MaidSafeCoin to one address ?? That is roughly US$4,600,000

WTF?


I haven't done the full maths because it's too complicated, but the bonus was on a sliding scale from 40% to 30% over the course of 7 days moving per block count. 20 million definitely seems like too much too account for in this way though, very worrying for holders at the top

Okay - either I am missing something or you are not understanding my point.

The IPO details on safecoin.io state that 429,496,729 maidsafecoins will be available for the IPO period.

The list of Mastcoin investors (http://www.mymastercoins.com/Investors.aspx?CurrencyID=3) indicates that 455,948,702 have already been distributed.

This means that already, just taking into account Mastercoin investment, they have distributed 26,451,973 MORE than the IPO stated were available.
hero member
Activity: 714
Merit: 502
April 22, 2014, 02:10:38 PM
That list is just for the accepted mastercoin senders.

Bitcoin senders would be notified after the ipo gets finished.




I repeat:

The list provided in the link above says that 455,948,702.00 have been accounted for. Yet the safecoin.io website says there was only 429,496,729 available for the IPO.

Does this mean there are no more MaidSafeCoins available for BTC investors?

The convoluted method for accepting bitcoin was that they were lent mastercoin to feed into the buy in system on behalf of bitcoin holders (then repay this to the lenders later out of mastercoin raised directly). because Mastercoin was going in much faster then they expected they dumped the entire fund themselves to sell the bitcoin later. You'd have to contact one of the Maidsafe coin cunt's to find out if these have gone yet, but they were still selling for hours after the sale closed.
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