The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread - page 73.

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: BldSwtTrs on April 19, 2014, 11:39:25 AM

I don't understand how Safecoins are supposed to have any value.

Why one should exchange something valuable (BTC or MSC) for an altcoin which have no utility? Is MaidSafe plan to have a business model one day or MaidSafe consider business model are thing of the past since "any useless altcoin have value so why not ours" ?

I think MaidSafe is rewarding those who host decentralized storage with safecoins, and the means through which you buy/rent storage space are via Safecoins

Mr. Irvine, please correct me if I'm wrong

BldSwtTrs

legendary

Activity: 861

Merit: 1010

I don't understand how Safecoins are supposed to have any value.

Why one should exchange something valuable because of it utility (BTC or MSC) for an altcoin which have no utility? Is MaidSafe plan to have a business model one day or MaidSafe consider business model are thing of the past since "any useless altcoin have value so why not ours" ?

prophetx

legendary

Activity: 1666

Merit: 1010

he who has the gold makes the rules

Quote from: ?? on ??

Quote from: crazy_rabbit on April 19, 2014, 08:01:52 AM

It's nice to see a launch of an 'alt-coin' raising MSC's value. :-)

hope more project built on MSC!

we're working on it, hopefully some of the texas hackathon winners will come out as well over the summer.

Djinou94

legendary

Activity: 1036

Merit: 1000

Yes it's ok !
What's happen to the price today? Huh

jeroenn13

hero member

Activity: 644

Merit: 500

Its working for me.

Djinou94

legendary

Activity: 1036

Merit: 1000

Hey what's happen to https://masterxchange.com ??
The website is off i have my MSC in order Shocked

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

It's nice to see a launch of an 'alt-coin' raising MSC's value. :-)

crimealone

sr. member

Activity: 644

Merit: 251

I'm tired. This is my last reply in this thread. It's my mistake to argue in a self-moderated. You can delete my reply as you wish.

Everyone can check the recent price of MSC. If you want to make IPO price lower, why not just set the price to 34000 coins per btc?

"In fact if anything since now finally MSC has some use the market cap should be higher then the $140M it was in December which would mean that the "stable price" you say should be 0.45."-------In december, almost every altcoin's stable price is much more higher. And it's economic bubble.

Good luck and Please remember: If thy love the property,seek for it properly,and ues it thriftily.

mastercoin_foundation

newbie

Activity: 9

Merit: 0

Note that any posts that could be seen as market manipulation, as groundless accusations by trolls hired by trading firms, as slander or as defamation of character of any org or person shall be deleted as soon as I see them.

Keep the conversation civil, use facts, logic and the scientific method when arguing.

Do not bear false witness. Think about that means for at least 30 minutes. Wink

Thanks in advance.

Have a happy Easter weekend and 4/20 Earth Day.

prophetx

legendary

Activity: 1666

Merit: 1010

he who has the gold makes the rules

Quote from: ?? on ??

the stable price of MSC is 0.08 btc.

Please stop trolling. The price of MSC has never been "stable" at any particular rate for any particular time.

In fact if anything since now finally MSC has some use the market cap should be higher then the $140M it was in December which would mean that the "stable price" you say should be 0.45.

dirvine

member

Activity: 63

Merit: 10

Quote from: ?? on ??

Why you fix the exchange rate just before the maidsafe ipo？Did the maidsafe's dev know about this? Don't you think that you are manipulate the market? According to maidsafe's whitepaper, it seems that the ipo's price is not fixed!!! It's according to the current market. All of my friends who meant to invest are angry. We feel like being fooled! This coin's ipo price is high. But you guys are greedy and still want to make more money! I'm really excited right now.

Greedy is something I have never been accused of. It is very much not in my nature. I gave away 100% of my shares and intend to distribute safecoin to Africa, direct to people.

Choices would have been

1: Keep the 30 day period open and let everyone throw in, then at the end tell everyone how many safecoin they purchased.
2: Fix a price and stop at the 10% of safecoin

I initially was interested in 1, not for greed, but I believed this would set the market value in a fair way. I spoke with many holders of BTC and MSC and the overwhelming response was, I want to know how much safecoin I get for X BTC etc. I was not convinced as I thought it was price fixing.

What persuaded me though was this appears on an exchange and people can buy/sell MSAFE, so this sets the market value. The interest is huge so we feel it may be an early bird win for the sale (not IPO). The market will set the value after this.

So the choice we made was the one likely to raise less cash initially, I cannot see how that would be considered greed.

bones

sr. member

Activity: 248

Merit: 250

As long as they can honour 17000 per BTC what is the problem?

Soon MSC could be that expensive on the open market it would be hard to fill mass orders.

As long as they have planned for this, it it none of my concern how they do it.

bitwhizz

legendary

Activity: 910

Merit: 1000

Quote from: ?? on ??

No foul play?
Before the announcement of One btc for 17000 coins and one MSC for 3400 coins, the stable price of MSC is 0.08 btc. You call this no foul play? There are huge price variance between these two! And many old heads also express their query about this! Obviously, they are manipulating the price. You hold MSC so you say: no foul play.

Its a free market..... on the topic of price manipulation, i suggest you talk to the chineese

bones

sr. member

Activity: 248

Merit: 250

MSC was always going to raise being the gateway.

If you had not previously chosen to invest in MSC, that was your decision.

A price was stated and that price is still true today and will remain so.

I see no foul play here.

crimealone

sr. member

Activity: 644

Merit: 251

They fix the exchange rate. One MSC for 3400 maidsafe coins. This made msc's price raise.

dirvine

member

Activity: 63

Merit: 10

Quote from: ejinte on April 18, 2014, 07:40:56 PM

Mastercoin just passed Nxt in market cap!

Maybe it is working already. Looks like great news all the same.

ejinte

hero member

Activity: 644

Merit: 500

Mastercoin just passed Nxt in market cap!

petskup

full member

Activity: 144

Merit: 100

Right,you get 100% more safecoins with mastercoins at current price (0.10)

jeroenn13

hero member

Activity: 644

Merit: 500

Quote from: petskup on April 18, 2014, 12:25:45 PM

Participants will buy 17,000 MaidSafeCoins per bitcoin and and 3400 per mastercoin

Thats wrong.

17000 Safecoins per Bitcoin and 34000 safecoins per Bitcoin (if paid with Mastercoins at current price (0.10))

Source:

Quote from: dirvine on April 18, 2014, 07:56:13 AM

Quote from: bones on April 18, 2014, 07:50:41 AM

Why will nobody give a firm answer on conversion rate of MSC for maidsafe ?

But only on BTC to maidsafe ?

When all BTC need to be converted ( even if in the background. )

I hold BTC and MSC and I have no idea which would be best to use to buy in to this with.

We have been talking with all groups involved here about this. It looks like we will have a rate of 0.2 fixed for the duration. This is higher than the 0.08 but as MSC will now be useful we think the rise there will be substantial. So it would appear that dumping MSC initially gets a better deal, but it may increase in value very quickly and seem like a worse deal later on. If I held MSC and BTC I would split this if I thought MSC had a future, otherwise take advantage early on. It will be set in stone though for the duration of the sale and likely at 0.2 MSC per BTC which is a much better rate than current.

We are not trying to hide anything, but want to make sure we are covering all bases and as fair as possible to the community MSC and BTC.
[typo 0.8 -> 0.08]

petskup

full member

Activity: 144

Merit: 100

Participants will buy 17,000 MaidSafeCoins per bitcoin and and 3400 per mastercoin

Topic: The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread - page 73. (Read 165272 times)