Bitcoin Forum

Bitcoin => Project Development => Topic started by: AlexMc on August 31, 2013, 03:01:23 AM



Title: COUNTDOWN TIMER: MasterCoin investment window
Post by: AlexMc on August 31, 2013, 03:01:23 AM
I've posted this in the hopes that it clarifies how long is left to invest in MasterCoin.  Below is the quote from dacoinminster:

Quote
I'm a little worried that some of our last-minute investors may get bit by time zones. Please be aware that the fundraiser ends at midnight tomorrow  as determined by the block chain timestamp (UTC). If you send an investment when it is still August in your local time, it may not be August anymore on the block chain.

Bitcoins sent to the Exodus Address after that date will not purchase MasterCoins! Inevitably somebody will make this mistake, and I'll have to issue a refund. Please don't be that person.

Timer removed. End time: 2013-09-01+00:00:00UTC

The OFFICIAL LAUNCH post for MasterCoin can be found here:

https://bitcointalk.org/index.php?topic=265488.0 (https://bitcointalk.org/index.php?topic=265488.0)


Title: Re: COUNTDOWN TIMER: MasterCoin investment window
Post by: bbit on August 31, 2013, 03:37:00 AM
I've posted this in the hopes that it clarifies how long is left to invest in MasterCoin.  Below is the quote from dacoinminster:

Quote
I'm a little worried that some of our last-minute investors may get bit by time zones. Please be aware that the fundraiser ends at midnight tomorrow  as determined by the block chain timestamp (UTC). If you send an investment when it is still August in your local time, it may not be August anymore on the block chain.

Bitcoins sent to the Exodus Address after that date will not purchase MasterCoins! Inevitably somebody will make this mistake, and I'll have to issue a refund. Please don't be that person.

Timer removed. End time: 2013-09-01+00:00:00UTC

The OFFICIAL LAUNCH post for MasterCoin can be found here:

https://bitcointalk.org/index.php?topic=265488.0

+1


Title: Re: COUNTDOWN TIMER: MasterCoin investment window
Post by: monbux on August 31, 2013, 03:41:43 AM
Well, hope your mastercoin coin goes all well :)  Might buy some once it stabilizes


Title: Re: COUNTDOWN TIMER: MasterCoin investment window
Post by: AlexMc on August 31, 2013, 10:47:47 AM
Well, hope your mastercoin coin goes all well :)  Might buy some once it stabilizes

Once the countdown timer reaches zero you will no longer be able to purchase MasterCoins by sending bitcoins to the Exodus Address.  From September onwards the only way to obtain MasterCoins will be to buy them from someone who has already purchased them during August.


Title: Re: COUNTDOWN TIMER: MasterCoin investment window
Post by: Ola on August 31, 2013, 07:25:23 PM
bought about 200 master coins, wondering how it will appreciate once value start moving into the protocol and the demand increases along side bitcoin's


Title: Re: COUNTDOWN TIMER: MasterCoin investment window
Post by: AlexMc on September 01, 2013, 12:13:44 PM
Well, just over 12 hours after the end of the fundraiser, and it looks like there were only 4 invalid transactions, one of them by only 10 seconds  :(

Over 4700 Bitcoins raised in a month is a fantastic achievement, at Coinbase's current rate that just over $620 000!

I'm sure all the other investors will join me in wishing everyone involved in the development of MasterCoin the best of luck.  May it exceed our wildest expectations!!


Title: Re: COUNTDOWN TIMER: MasterCoin investment window
Post by: bitcoinspot.nl on September 02, 2013, 08:50:13 AM
and if i would like to buy some after today ?


Title: Re: COUNTDOWN TIMER: MasterCoin investment window
Post by: AlexMc on September 02, 2013, 10:22:21 AM
and if i would like to buy some after today ?

You can't buy Mastercoins by sending Bitcoins to the Exodus address any longer.  However, it appears that there are already sites popping up where you can buy them from people who already purchased during August, albeit at a premium.

I don't know how legitimate these sites are, and it may be wise to investigate further before sending any funds to them.

Perhaps a list of trusted/authorized exchanges and websites may be a good thing to add to the Mastercoin wiki (http://wiki.mastercoin.org/index.php/FAQ (http://wiki.mastercoin.org/index.php/FAQ)).