[Ann] Safecoin maidsafecoin - page 21.

mercury

newbie

Activity: 34

Merit: 0

Quote from: dirvine on April 22, 2014, 10:42:20 AM

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.

Quote from: dirvine on April 22, 2014, 10:42:20 AM

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.

sumantso

legendary

Activity: 1050

Merit: 1000

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.

Chang Hum

hero member

Activity: 714

Merit: 502

Quote from: ethought on April 22, 2014, 02:02:10 PM

Quote from: jakedeez on April 22, 2014, 01:56:37 PM

Quote from: ethought on April 22, 2014, 01:53:56 PM

Quote from: Chang Hum on April 22, 2014, 01:51:43 PM

Quote from: mcjavar on April 22, 2014, 01:50:27 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

ethought

legendary

Activity: 1316

Merit: 1000

Quote from: BitcoinBaBa on April 22, 2014, 02:04:26 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?

BitcoinBaBa

full member

Activity: 225

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That list is just for the accepted mastercoin senders.

Bitcoin senders would be notified after the ipo gets finished.

ethought

legendary

Activity: 1316

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Quote from: jakedeez on April 22, 2014, 01:56:37 PM

Quote from: ethought on April 22, 2014, 01:53:56 PM

Quote from: Chang Hum on April 22, 2014, 01:51:43 PM

Quote from: mcjavar on April 22, 2014, 01:50:27 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?

Chang Hum

hero member

Activity: 714

Merit: 502

Quote from: ethought on April 22, 2014, 01:55:06 PM

Quote from: Chang Hum on April 22, 2014, 01:51:43 PM

Quote from: mcjavar on April 22, 2014, 01:50:27 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

There are only 151 addresses on that list. Surely that cannot be correct Huh

Yes this IPO was just a way for large mastercoin holders to liquidate their funds before their pointless protocol collapses under it's own greed.

Would love to know Davids real reason for swapping real value for pointless tokens, but I don't think we'll ever know that.

jakedeez

sr. member

Activity: 512

Merit: 250

ICO is evil

Quote from: ethought on April 22, 2014, 01:53:56 PM

Quote from: Chang Hum on April 22, 2014, 01:51:43 PM

Quote from: mcjavar on April 22, 2014, 01:50:27 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?

ethought

legendary

Activity: 1316

Merit: 1000

Quote from: Chang Hum on April 22, 2014, 01:51:43 PM

Quote from: mcjavar on April 22, 2014, 01:50:27 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

There are only 151 addresses on that list. Surely that cannot be correct Huh

ethought

legendary

Activity: 1316

Merit: 1000

Quote from: Chang Hum on April 22, 2014, 01:51:43 PM

Quote from: mcjavar on April 22, 2014, 01:50:27 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

Chang Hum

hero member

Activity: 714

Merit: 502

Quote from: mcjavar on April 22, 2014, 01:50:27 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

ethought

legendary

Activity: 1316

Merit: 1000

Quote from: mcjavar on April 22, 2014, 01:50:27 PM

I´ve sent some BTC to the BTc ipo address. How can I see how many maidsafecoins are on the address now?

+1

mcjavar

hero member

Activity: 784

Merit: 500

I´ve sent some BTC to the BTc ipo address. How can I see how many maidsafecoins are on the address now?

Bitinvestor

sr. member

Activity: 470

Merit: 250

Ugh, what a mess! They can't even do a proper IPO but they want to replace the Internet, haha. Good luck with that!

TaunSew

hero member

Activity: 756

Merit: 506

Quote from: liondani on April 22, 2014, 01:23:33 PM

Quote from: Agent86 on April 22, 2014, 12:51:07 PM

To any bag holders who lost money, be sure to thank the geniuses at the MasterCoin protocol who came up with this IPO scheme but don't expect them to be called out by MaidSafe (their new biggest shareholder) without A LOT of pressure.

The current MaidSafe investors have invested for the past 8 years with complete faith and a strong desire to make a difference.
source:
https://github.com/maidsafe/Whitepapers/blob/master/Project-Safe.md

Holy vaporeware. Maidsafe been vaporeware for 8+ years.

Count your money as good as gone.

Coinshot

hero member

Activity: 521

Merit: 500

Quote from: superresistant on April 22, 2014, 08:59:40 AM

Here is what Maidsafe claim :

A new p2p Internet. Free and decentralised.

Here is what it is (so far) :

A copy of a 14 years old open source project named freenet.
A centralized closed source software that need you to trust the staff not to look at your data and sell it to NSA.
An incentive to centralize all the network because of the competition for money. As a consequence, your data could be deleted and lost.
An unfair IPO at a fixed max amount that force people to send in a hurry without checking the project.
A huge pump&dump manipulation for MasterCoin.

It seems to me someone planned this out to make personal profits.

Chang Hum

hero member

Activity: 714

Merit: 502

Quote from: ?? on ??

They say that only 3 transactions went after the closure:
https://groups.google.com/a/mastercoin.org/forum/#!topic/dev/-2beDAWAnNQ

You may check your maidsafe balance:
http://www.mymastercoins.com/Investors.aspx?CurrencyID=3

Quote from: Chang Hum on April 22, 2014, 11:54:55 AM

I still haven't received my Mastercoins back (sent after the closure) is anyone else in the same boat? I know I said I wasn't going to sell them because that would make a bigger cunt as them but I just said that because I was emotional after waking up to losing 50k, having second thoughts I'd quite like to sell any Mastercoin I have remaining!

You're a legend sorry missed this

ewibit

legendary

Activity: 2955

Merit: 1049

Quote from: ?? on ??

you can still invest with BTC. the IPO for MSC was closed. what is a pity!

really?
there are still arriving transactions:

Code:

Received transactions (197) Transaction 	Source address 	Amount 	Block time
01ab9bf51d... 	1A4DfZEPrBGjgZukzWqbQbS4Mjs558x34e 	7.0 	22 Apr 19:12
3c88467163... 	1J1wXKh8BGjqHF5c56cp7S3Uzc1PtTkYBf 	1.0 	22 Apr 18:20
0f373d3825... 	1zht777YoLuWYxkBpe6jbEYKfSQR5yYPk 	55.0 	22 Apr 16:24
1a18530d5e... 	13Fji98gLf7gphvi3R7jCU3aPg9XpGy1Nx 	2.3131635 	22 Apr 16:24
5980cba80a... 	11NiSNoGYomEA3ZHEN4R9ne4kwDjECsAy 	0.1 	22 Apr 16:10
4aa1312eb9... 	19weutEB6ooUrCCdRidDALrDDtJu8osnsE 	1.06 	22 Apr 16:10
494b48d6e4... 	1GdGbQWvnPLzGBT8SL5YhPhvPwz12A3vZN 	13.1579 	22 Apr 15:35
57a5b2049f... 	1K5ZEkQ8Pzwqedg2WHsKQd3xiAGnj7MeCD 	613.0 	22 Apr 15:35
3c414bbd4f... 	1PCnUKHyHjGjxYsaM4mcR1CKpyKLucq5R6 	413.5 	22 Apr 15:35

red and green means?
https://masterchain.info/Address.html?addr=1ARjWDkZ7kT9fwjPrjcQyvbXDkEySzKHwu¤cy=MSC

liondani

member

Activity: 97

Merit: 10

Inch by Inch,Play by Play

Quote from: Agent86 on April 22, 2014, 12:51:07 PM

To any bag holders who lost money, be sure to thank the geniuses at the MasterCoin protocol who came up with this IPO scheme but don't expect them to be called out by MaidSafe (their new biggest shareholder) without A LOT of pressure.

If you make an analysis of the numbers the most safecoins goes to very view people and it is obvious that they are people from mastercoin and in my opinion from maidsafe people as well. You must be dumb not to see that!That means that about 80% from the about 460.000.000 coins (10%* of all) +15%* for the developers + 5%* for the core developement team it is like talking about 25%-28% PREMINE of safecoin !!! so now I think the 10% premine from Shatoshi Nakamoto was fair enough!

see also the list of "people" have get the majority of safecoins
http://www.mymastercoins.com/Investors.aspx?CurrencyID=3

* a: Current MaidSafe investors/shareholders.

The current MaidSafe investors have invested for the past 8 years with complete faith and a strong desire to make a difference. These investors have been the very reason the technology is now developed and this proposal possible. Five percent of the safecoin issue will be laid aside for these investors and as safecoin is increasing in value, current investors will be able to swap their shareholding in MaidSafe.net for the coins. The coins will be held by the MaidSafe Foundation for issuance at the request of each shareholder. The safecoin here will be allocated at the point miners are introduced onto the network.

This allows investors to be rewarded for their help over the years and will also allow MaidSafe equity to return to being owned completely by the Foundation. This approach will ensure that MaidSafe as a company is not in charge of the SAFE network and shareholders are treated with the respect they deserve. When they are allocated safecoin they can hold these as any backer will today.

b: Crowd Sale Participants

A crowd sale will enable everyone worldwide to seed and be a part of the SAFE project. This will last until MaidSafeCoin are sold out (circa $8million). If the all coins are not sold the event will end after 30 days. The crowd sale will enable a direct purchase up to ten percent of MaidSafeCoin. It is anticipated that soon after the crowd sale commences, MaidSafeCoin will be listed on exchanges and will be tradable, right up to the release of safecoin.

These crowd sale participants will be buying MaidSafeCoin, an intermediary coin that will be swapped on a 1:1 ratio for safecoin once the full SAFE network is launched. Purchases will be recorded in the bitcoin blockchain via the Master protocol suite. MaidSafe will be running a test net initially and will potentially need to bring the network up and down during testing. An intermediary coin is required as coins may be destroyed from time to time as the network is restarted

Particpants will be able to purchase MaidSafeCoins using either bitcoin or mastercoin with payments being made via a website: BuySafeCoins.com to the MaidSafe Foundations exodus address. This address will be published on both the crowd sale website, MaidSafe's own site and also the SAFE network site (www.safecoin.io) prior to the commencement of the crowd sale. Once funds have been received MaidSafeCoins will be automatically generated and will be sent to participants mastercoin wallet. If a participant does not already have one the wallets can be downloaded for free from: http://www.mastercoinwallets.org/. At present only Windows wallets are available, however a web wallet will be available soon.

The MaidSafe coins purchased will be credited as safecoins to the participants safecoin wallets as soon as the full network is launched and farmers appear online. This allows immediate benefit to the project and will demonstrate the desire of all backers to decentralise the Internet, enabling a plethora of new and exciting companies to emerge and provide true value at minimal cost.

Funds raised from this round will be held by the MaidSafe Foundation and will be utilised to house the MaidSafe core team and provide financial assistance for a period of three years. It is assumed that after three years, the core MaidSafe team will have grown significantly and introduced further innovations into the space. There is no founders pool and this is a very important aspect of this project. No team should be rewarded by safecoin who have not provided value in some respect.

Developers

MaidSafe proposes to reward developers in 2 ways. Firstly, safecoin can be earned by contributing bug fixes and code that are accepted into the master branch of the SAFE codebase. Secondly, developers that create apps that do not charge end users and are of benefit to the community will also be rewarded. The issuance mechanism for both groups will come via the MaidSafe Foundation. MaidSafe the company will also generate coins by providing P.O.R when they seed the network with several hundred nodes during final platform testing. This seeding stage will be public and others are welcome to contribute resources. It should be acknowledged that until the network is declared ‘ready for general use’ that the coins may be destroyed from time to time and the network restarted. There will be no private or hidden seeding of the network and announcements will be made at a minimum via the MaidSafe mailing list during these events.

15% of all safecoin earned will be allocated to the developer pool. This will ensure the developer community is highly motivated and rewarded for providing free-to-use applications and improvements to the underlying codebase that utilise safecoin as their revenue model. It is possible that 10% of these coins maybe recycled if a an idea of automated developer awards comes to fruition.

5% of the developer pool coins will be given to the core developement team. Without their hard work and dedication the SAFE network would simply not have been possible. A further $100k of safecoin will be allocated from the developer pool to those who gave their time and commitment to develop this white paper and for early project coordination. Without the efforts and expertise of these individuals this paper would not be as comprehensive and would have taken far longer to produce.

It is proposed that code commits and third party projects be chosen by polling the MaidSafe developer mailing list and payments will be allocated from the Foundation to successful projects/code enhancements.

source:
https://github.com/maidsafe/Whitepapers/blob/master/Project-Safe.md

petskup

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Topic: [Ann] Safecoin maidsafecoin - page 21. (Read 76645 times)