MasterCoin Buyer/Seller Thread - page 21.

dacoinminster

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Rational Exuberance

David sent another potential large buyer my way:

On Wed, Jan 8, 2014 at 11:35 AM, David Johnston <> wrote:

Quote

J.R.,

Let me introduce you to --------- an investor I want you to connect with who has an interest in purchasing MSC from you.

----------,

This email is a good way to connect with J.R.

I'll let you two take it from here.

Best Regards,

David A. Johnston Entrepreneur / Angel Investor

Quote

Thanks David, and hi ------!

I personally use the armory wallet to store my mastercoins, but that is less user-friendly (you have to do some extra work to send mastercoins from a regular bitcoin wallet). However, I feel it is more secure than any other client at the moment for very large quantities of bitcoin (or bitcoin-derived currency like Mastercoin)

I'm currently quoting these prices:

0.2 BTC/MSC for most orders under 100 BTC (0.19 for one guy who was close to 100 BTC)
0.18 BTC/MSC for a couple orders right at 100 BTC
0.17 BTC/MSC for a couple orders around 1000 MSC

I'll probably stick to those prices unless the price moves significantly away from 0.2 BTC/MSC and stays there for awhile. You can also buy mastercoin on the exchanges, but volume isn't very high there and anything but a tiny order moves the price a lot.

Let me know

Thanks!

-J.R.

FTWbitcoinFTW

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Quote

There are actually a lot of reasons, but the biggest is my wife. I would have been full-time on MSC a LONG time ago, but she is very risk adverse. I've posted about this many times before. I need to show her this is REAL and not just "magic internet money"

why she did not buy like 100BTC for 1000$ last year and got his own wallet ?
Let me guess, because she didnt believed on this thing named bitsomthing ?

But now you're a millionaire, it's ok to jeopardise a nice project ?
Honestly, how many bitcoin you'd have if you had listened her

NEVER listen a women about money and risk.

C'mon tell me i'm wrong, please

Remember me Eric dumping 100K satoshiDice shares...

TKeenan

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Quote from: AlexNeto on January 08, 2014, 03:04:13 PM

I'm not checking this tread often, but I see now that a bubble is about to burst. I am still interested to invest 300+ btc in the project as a long term investment. So let me know when price will drop bellow 0.08 btc. Wink

Not gonna happen until probably tomorrow or Friday. Be patient.

AlexNeto

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Z-pay.io

I'm not checking this tread often, but I see now that a bubble is about to burst. I am still interested to invest 300+ btc in the project as a long term investment. So let me know when price will drop bellow 0.08 btc. Wink

realdos

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Quote from: TKeenan on January 08, 2014, 12:35:26 PM

Quote from: Patel on January 08, 2014, 12:27:45 PM

Something isn't right. Because saying you need 1500btc to cover your taxes sounds fishy.
But the tax reason sounds fishy, unless he owes more than $1 million in taxes. Which could be true, but I highly doubt.
He also said before that he wasn't going to sell a single MSC until 0.7, and that was a couple months ago.

Yeah, to me too. Nobody who has a real job actually gets paid enough to have a $1million tax bill. Maybe his rich uncle just died and left a shitload of capital gains in his lap. Who knows. Either way, Exodus buyers should have been forced into a 'lock-out' scheme to prevent this kind of market crash.

For example the top 20 buyers should have been limited to MSC sales of no more than 2% of their holdings. Founders who take early profits on project excitement - completely destroy the project. In this thinly traded market - the problem of large founder dumps is multiplied by a large number.

Can we retroactively enforce some 'lock-out' plan? In view of JR's biased position, can we have the board consider this?

I don't think the lock-out plan would be fair to anyone who invested some of their real money into a high-risky project. The project was first only a paper and we sent our money to the exodus address, believing it would someday bring us much more profit than we could imagine. We also understood that the investment could fail and we could not get our money back. Given all the risks we took, it is unfair as well as illegitimate now to set up any plan to keep us from doing anything we want with our investment.

DarkEmi

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Quote from: peled1986 on January 08, 2014, 11:46:57 AM

DarkEmi i like the change you made to masterxchange
keep up the good work!

Thanks for the kind words

We are trying to do everything users ask for, and what we think makes the GUI better.

There is still a ton of little things that we got to do !

dacoinminster

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Rational Exuberance

OK. That's all the PMs for now. Most of these people were probably hoping for a better deal, but if these all go through, I may be done selling for a long time.

It is entirely possible that I won't even get a chance to post any of these on the exchanges. How weird is that . . .

Thanks guys. I'll communicate with these buyers, and let you know if I start quoting different prices.

TKeenan

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Quote from: dacoinminster on January 08, 2014, 12:37:02 PM

There are actually a lot of reasons, but the biggest is my wife. I would have been full-time on MSC a LONG time ago, but she is very risk adverse. I've posted about this many times before. I need to show her this is REAL and not just "magic internet money"

You need to be the man and sort her out. She'll thank you later when she is filthy rich. We all know the MSC concept is pure gold. Now go build the god-damned thing with confidence.

"Honey, I don't want you to go Bison hunting today - it is too dangerous"
"But if I don't go hunting for Bison, we'll spend the rest of our lives like the French eating snails"

Man up JR. She'll be happy later.

We all took a risk on MSC - now put on man pants and go build it.

dacoinminster

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Rational Exuberance

Quote

I ever purchased MSC by The Exodus Address. Now I have interest to purchase your MSC outside Macket.

The trade volume is about 100 to 500 MSCs,depending on the price.

If you start it, let me know.

In line with other quotes I've been giving people, that would be 0.2 BTC/MSC for 100 MSC or 0.18 BTC/MSC for 500 MSC. Thanks!

TKeenan

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Quote from: ?? on ??

Still, it makes no sense for the founder of Mastercoin to announce publicly he wants to sell his coins.
It's such a dumb move

Precisely why 'lock out' agreements are made.

dacoinminster

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Rational Exuberance

Quote from: Patel on January 08, 2014, 12:27:45 PM

Something isn't right. Because saying you need 1500btc to cover your taxes sounds fishy.

Either he lost faith in his project, and he wants to get his initial investment back.

Or

He was to get his initial investment back, so even if Mastercoin completely fails, or it succeeds, he won't have lost anything.

But the tax reason sounds fishy, unless he owes more than $1 million in taxes. Which could be true, but I highly doubt.

He also said before that he wasn't going to sell a single MSC until 0.7, and that was less than 2 months ago. So a tax bill of 1million+ just suddenly appeared? Yeah right. This is a slap in the face to any investors of MSC who bought after the exodus investment opportunity, people were buying at 0.15+ the whole time, now the bids are barely at 0.15.

There are actually a lot of reasons, but the biggest is my wife. I would have been full-time on MSC a LONG time ago, but she is very risk adverse. I've posted about this many times before. I need to show her this is REAL and not just "magic internet money"

Herp

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Quote from: ?? on ??

Still, it makes no sense for the founder of Mastercoin to announce publicly he wants to sell his coins.

It's such a dumb move, if you want to do something like that, do it silently across all the exchanges little at a time. He pretty much set a price ceiling of 0.2

Yeah he did but as soon as he sells off the desired amount that ceiling will quickly vanish.

TKeenan

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Quote from: Patel on January 08, 2014, 12:27:45 PM

Something isn't right. Because saying you need 1500btc to cover your taxes sounds fishy.
But the tax reason sounds fishy, unless he owes more than $1 million in taxes. Which could be true, but I highly doubt.
He also said before that he wasn't going to sell a single MSC until 0.7, and that was a couple months ago.

Yeah, to me too. Nobody who has a real job actually gets paid enough to have a $1million tax bill. Maybe his rich uncle just died and left a shitload of capital gains in his lap. Who knows. Either way, Exodus buyers should have been forced into a 'lock-out' scheme to prevent this kind of market crash.

For example the top 20 buyers should have been limited to MSC sales of no more than 2% of their holdings. Founders who take early profits on project excitement - completely destroy the project. In this thinly traded market - the problem of large founder dumps is multiplied by a large number.

Can we retroactively enforce some 'lock-out' plan? In view of JR's biased position, can we have the board consider this?

Herp

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Activity: 294

Merit: 250

They have also upped the bounty to $10k for the first established exchange that supports Mastercoin.

dacoinminster

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Quote

J.R.,

I just noticed this. I think it is the chance to me. I heard Mastercoin in Oct., 2013, but the wallet was not ready yet, so I gave up at that time. I think I have to grab the chance this time. So I want to buy 1000 MSC at 0.1 BTC price from you. If you want to make the deal, let me know. Thank you.

That's a big order! But the price would have to stay around 0.1 for a long time before I would sell that low. You can see other quotes I have made people in the thread. I quoted somebody else 0.17 for 1000 MSC. Thanks!

Herp

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Quote from: Patel on January 08, 2014, 12:27:45 PM

Something isn't right. Because saying you need 1500btc to cover your taxes sounds fishy.

Either he lost faith in his project, and he wants to get his initial investment back.

Or

He was to get his initial investment back, so even if Mastercoin completely fails, or it succeeds, he won't have lost anything.

But the tax reason sounds fishy, unless he owes more than $1 million in taxes. Which could be true, but I highly doubt.

He also said before that he wasn't going to sell a single MSC until 0.7, and that was a couple months ago.

He obviously has a day coder job that pays well atm. He needs to sell these coins so that he can support himself and family for a year or two as he won't get paid. He will only sell 3-6% of his Mastercoin holdings.

Also you might wanna check this reddit posted today http://www.reddit.com/r/mastercoin/comments/1upjln/the_mastercoin_foundation_is_looking_for_a_cto/
They are looking to hire a CTO. Project is very much alive and kicking, so very much the very opposite of what you're implying.

Patel

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Something isn't right. Because saying you need 1500btc to cover your taxes sounds fishy.

Either he lost faith in his project, and he wants to get his initial investment back.

Or

He was to get his initial investment back, so even if Mastercoin completely fails, or it succeeds, he won't have lost anything.

But the tax reason sounds fishy, unless he owes more than $1 million in taxes. Which could be true, but I highly doubt.

He also said before that he wasn't going to sell a single MSC until 0.7, and that was less than 2 months ago. So a tax bill of 1million+ just suddenly appeared? Yeah right. This is a slap in the face to any investors of MSC who bought after the exodus investment opportunity, people were buying at 0.15+ the whole time, now the bids are barely at 0.15.

dacoinminster

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Rational Exuberance

Quote

Hi,JR, Some friends around me complained a long time that the price of MSC is too high(0.14BTC, damn it,LOL Grin

) despite the fact that the formal MSC wallet is invisible.
Now they are very glad to learn about your words that " For very large purchases (100 BTC+), I may consider selling slightly below market".
My friends want to invest almost 100 BTC in MSC and entrust me to buy some MSC from you. The final volume of MSC will depend on the price you can offer. please let me know your offer!
Best regards!
----

So far I have given these quotes:

0.2 BTC for under 100 BTC order
0.18 for a 100 BTC order
0.17 for a 1000 MSC order

I guess that means I should quote you 0.19 for this almost 100 BTC order . . .

Thanks!

TKeenan

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Quote from: dacoinminster on January 08, 2014, 12:21:52 PM

I REALLY wish I had made this thread self-moderated Sad

Censorship is evil. I REALLY wish you wouldn't delete posts. If someone posts a death threat which is credible - maybe then it is OK - otherwise one should refrain from moderating the communities opinion. Clever guys like Klee know how to use the 'ignore' button. Let them rely upon that. But for one person to singly prevent others from hearing what another what them to hear - is pure corruption. Please refrain from censorship until it hurts.

TKeenan

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Quote from: Herp on January 08, 2014, 12:17:16 PM

Quote from: TKeenan on January 08, 2014, 12:15:16 PM

Quote from: Herp on January 08, 2014, 11:52:51 AM

only selling 3-6% of his stake; a move which will benefit Mastercoin a lot.

6% of JR's holdings amounts to far more than the entire markets sales for the last two months. It is a HUGE amount. The price crash is going to be very deep. I doubt he'd be able to get .07 for 1000MSC.

He just said he wants around 0.2 for his coins. 0.07? Please. Dream on.

It's pretty obvious what you're trying to do here. Fuck off!

I am not talking about what 'he wants' I am talking about what 'he'll get' - big difference. With the lack of confidence now surrounding the project - it is tainted for sure. This is a disaster. MSC is a disaster. Of course, anyone could have predicted this as any system set up with no CEO/leader - is bound to aimlessly go nowhere. Look at all the competitor projects with leaders - in a very short time, they caught up and passed MSC. While the foundation took $100,000s and just threw them around as 'development coins' - with no real work or return being demanded - 'to attract more coders'. Silly waste of funds / no leadership. Is it a wonder NXT is going to eat MSC's lunch?

Topic: MasterCoin Buyer/Seller Thread - page 21. (Read 226698 times)