Topic: The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread - page 69. (Read 165272 times)
April 22, 2014, 08:19:13 AM
What. So safecoin market manipulates msc?
April 22, 2014, 08:15:42 AM
They are just trying to discourage people from sending MSC because BTC is much more liquid and thus more valuable right now.
Then it would make no sense to accept MSC in the first place. But it could be that they received more MSC than expected, so market depth comes into play.
ya.ya.yo!
The reason Mastercoin foundation got safecoin abroad to do the IPO with MSC was because a lot of people have a lot of mastercoins but nowhere to spend them. So a lot of capital is/was stuck in mastercoins. So the reasoning was that many of the investors would jump at the chance to invest possibly a lot of MSC if given the oppurtunity and so safecoin is the perfect chance to do just that.
Safecoin would have in no way got so much investment (including BTC) if it weren't for the MSC investors who started the train rolling with lightspeed.
Now this seems to be quite a good thing for mastercoin since at this moment about ~50,000 MSC have been put into safecoins hands and they sure as hell won't be selling that in the near term. Possibly piece by piece in the coming years. So a lot of MSC have been taken off the market and at the same time mastercoin has and will make a better name for itself. Now maybe more IPO's could be looking towards the mastercoin idea, since people here are willing to invest in good ideas. This will cause a positive loop effect.
False, the Mastercoins were loaned
April 22, 2014, 08:08:14 AM
MaidSafe guys meet the Gresham Law.
April 22, 2014, 08:06:10 AM
up to 24 hrs
in counterparty protocol it is automatically, maybe this ipo was too early for mastercoin protocol - anyway soon cheap mastercoins to buy
April 22, 2014, 08:04:40 AM
up to 24 hrs
April 22, 2014, 08:03:23 AM
one gets the maidsafecoins immediately after sending to that adress?
April 22, 2014, 07:58:41 AM
They are just trying to discourage people from sending MSC because BTC is much more liquid and thus more valuable right now.
Then it would make no sense to accept MSC in the first place. But it could be that they received more MSC than expected, so market depth comes into play.
ya.ya.yo!
April 22, 2014, 07:52:15 AM
their twitter says not to send MSC now, and the address is removed, i would expect your coins to be returned if you send MSC now
but I know nothing, just assuming
but I know nothing, just assuming
Twitter says :
"The sale is still ongoing, please send bitcoins to the BTC address found at http://www.safecoin.io . Please do not send MSC to this address."
There were (are) 2 separate addresses, one for BTC and one for MSC.
I think that the MSC aadress should still work. They are just trying to discourage people from sending MSC because BTC is much more liquid and thus more valuable right now.
April 22, 2014, 07:51:53 AM
their twitter says not to send MSC now, and the address is removed, i would expect your coins to be returned if you send MSC now
but I know nothing, just assuming
but I know nothing, just assuming
Their Twitter post says "The sale is still ongoing, please send bitcoins to the BTC address found at http://www.safecoin.io . Please do not send MSC to this address."
But that is not the MSC address. They should still honor the MSC address - but who knows.
They're at about 70% of their goal already.
April 22, 2014, 07:47:47 AM
their twitter says not to send MSC now, and the address is removed, i would expect your coins to be returned if you send MSC now
but I know nothing, just assuming
but I know nothing, just assuming
April 22, 2014, 07:42:13 AM
they wanted it all in MSC, it was all getting converted for them... by the " safe address "
they only raised 2.5k BTC out 0f 18k so far
no idea how many MSC
45396 MSC at 1ARjWDkZ7kT9fwjPrjcQyvbXDkEySzKHwuthey only raised 2.5k BTC out 0f 18k so far
no idea how many MSC
That is a lot of Mastercoin. But they still need to honor their agreement regarding how many maidsafe coins they give out.
so does sending to that address still work?
They haven't said it doesn't yet, so they should still be bound by it.
April 22, 2014, 07:40:00 AM
they wanted it all in MSC, it was all getting converted for them... by the " safe address "
they only raised 2.5k BTC out 0f 18k so far
no idea how many MSC
45396 MSC at 1ARjWDkZ7kT9fwjPrjcQyvbXDkEySzKHwuthey only raised 2.5k BTC out 0f 18k so far
no idea how many MSC
That is a lot of Mastercoin. But they still need to honor their agreement regarding how many maidsafe coins they give out.
so does sending to that address still work?
April 22, 2014, 07:39:14 AM
they wanted it all in MSC, it was all getting converted for them... by the " safe address "
they only raised 2.5k BTC out 0f 18k so far
no idea how many MSC
45396 MSC at 1ARjWDkZ7kT9fwjPrjcQyvbXDkEySzKHwuthey only raised 2.5k BTC out 0f 18k so far
no idea how many MSC
That is a lot of Mastercoin. But they still need to honor their agreement regarding how many maidsafe coins they give out.
April 22, 2014, 07:38:30 AM
i make it 210 mill sold total so far, then you need to add 40% bonus
so 210 plus 84 nearly 300 mill sold so far
so 210 plus 84 nearly 300 mill sold so far
April 22, 2014, 07:34:09 AM
they wanted it all in MSC, it was all getting converted for them... by the " safe address "
they only raised 2.5k BTC out 0f 18k so far
no idea how many MSC
45396 MSC at 1ARjWDkZ7kT9fwjPrjcQyvbXDkEySzKHwu they only raised 2.5k BTC out 0f 18k so far
no idea how many MSC
April 22, 2014, 07:28:55 AM
This is a joke right?
Nope. That's what it looks like. We await confirmation however. It might appear here - https://twitter.com/maidsafe/status/458559544881586176.
Nice to see market manipulation is alive and well. :-)
April 22, 2014, 07:27:05 AM
Here is the Maidsafe Mastercoin address: 1ARjWDkZ7kT9fwjPrjcQyvbXDkEySzKHwu
https://masterchain.info/Address.html?addr=1ARjWDkZ7kT9fwjPrjcQyvbXDkEySzKHwu¤cy=MSC
https://masterchain.info/Address.html?addr=1ARjWDkZ7kT9fwjPrjcQyvbXDkEySzKHwu¤cy=MSC
April 22, 2014, 07:24:38 AM
they wanted it all in MSC, it was all getting converted for them... by the " safe address "
they only raised 2.5k BTC out 0f 18k so far
no idea how many MSC
they only raised 2.5k BTC out 0f 18k so far
no idea how many MSC
2.5BTC is still a hell of a lot of money. Whatever their plans, no reason why over a $1 million isn't a good start of a project. With that sort of "angel investment" getting more capital from third parties should be much easier.
April 22, 2014, 07:22:07 AM
they wanted it all in MSC, it was all getting converted for them... by the " safe address "
they only raised 2.5k BTC out 0f 18k so far
no idea how many MSC
they only raised 2.5k BTC out 0f 18k so far
no idea how many MSC
April 22, 2014, 07:19:31 AM
I think they was receiving too much MSC relative to BTC.
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