A quantity of 429,496,729 coins will be available for purchase, this equates to 10% of all safecoins
When JR did the MasterProtocol 100% of coins were available for purchase. Even JR bought (with real money: bitcoin) every single share allocated to him. Now, MaidSafe wants to take 90% of the coins - and decide later how they will distribute those. What?!
I was a big proponent with money set aside to do this project. Now, I am not going to spend one red cent.
What is this? is it Ripple? How in the world do you anticipate your project being worth $80 million today? That is more than 4 times the present value of Mastercoin which has money in the bank and some nice working funcitons. All you guys have is 'seven years work' (which indicates you are very slow to build anything) and a fancy video.
I am out. I recommend to others to consider this outrageous valuation before throwing money into RipOffSafe.
[MaidSafe employee]
Very possibly our messaging is not clear enough. There are ZERO founders shares here (as I said we intend to eat as the same table all other developers will on this network). This will explain some more of the thoughts
http://metaquestions.me/2014/04/12/safecoin-why-its-safe-and-what-it-means-for-us-all/ There are linked articles to see the whole thing being discussed.
7 years is a while, we were pretty underfunded so long hours and not much support. STL took 15 years to create with the best minds and largest companies. Everything cannot be built like 'there is an app for that'. Some stuff is hard, as I am sure you know, you can see the code clearly from here if it helps.
http://maidsafe.net/network-platform-developersThe Master Protocol guys have been amazing and pulled together an excellent system for this participation by all of us. MaidSafe staff are all putting in their bitcoins, because we believe in it and believe in being equal. I hope this helps the understanding a bit.