Bitcoin Forum

MaidSafe ran a fundraiser on MSC which was slated to start today.

According to the rules set - Mastercoin would be exchanged at a rate of .2 BTC.

For the last two days, many people bought MSC in anticipation of the offering. 

Then, in the middle of the night (PST) very early into the sale, David changed the rules abruptly and would no longer honor the .2 rate without prior announcement or notice.  This was a great disadvantage to all who had purchased Mastercoin in preparation of the sale as advertised.

MaidSafe should prepare and announce a remedy.  Failure to do that quite swiftly will invite adverse action against MaidSafe.  I think David will be anxious to avoid that.

Where is the link about the changed rules? So far it only looks like they dont want people to send more mastercoin, but I still haven't seen any word that they flat out no longer ACCEPT mastercoin.

Don't worry.  They are going to accept MSC at a rate of .2BTC for 30 days in accordance with their announcement.  You can't change the rules in the middle of the event. 

 


Agree,They're just scam.
 
25K BTC for 10% of the company, that's ridiculous !

I made a bad descion to trade my bitcoin for MSC, im down 50% in assests. The only reason I did trade was because of the announcement they posted.
I think this is the biggest crap sale ive been involved in, I'm sure a bunch of others feel the same way. Not only am I unable to spend my MSCs, Mastercoin exhcnage wn't let me withdraw my bitcoins, its takes up to 48 hrs for them to manually relaease the funds, its ridiculous. In the crypto world 48 hrs is like 48 days

It's not just the MSC stuff.

It's a 10% IPO.  15% for Bounties.  75% for farmers (people who host the resources).  The only issue in this is they'll be keeping those 90% coins for themselves, no different than Ripple.  You really think they'll give away all those coins?  Forget about it.

This is the difference, the network has the coins and everyone has the network. MaidSafe the company gets no coins unless it Farms or Builds, we have given this completely out to the community.  The cois are produced by algorithms everyone can see and check, they come nowhere near anyone except the Farmer or Builder or people trading them for services etc. No company is in that chain or it would not work at all as you say. I described it here http://metaquestions.me/2014/04/12/safecoin-why-its-safe-and-what-it-means-for-us-all/

It's crazy that people seem to think that the cost of software development and the operations of the system should come for free and be distributed sole to investors.

The way it is set up, 10% investor, 15% dev bounties and 75% operations .... sounds pretty logical to me!

Thanks, we hope so.

The 15% dev pool is likely not to happen as it seems we have a mechanism where the network can pay app developers based on the quality of the apps, I documented that a bit in a personal blog here http://metaquestions.me/2014/04/02/project-safe-is-this-the-fair-business-model-at-last/

There is also a press release now which explains the madness (in the best possible way) of the crowd sale http://launch.it/launch/maidsafe-sells-6-million-of-bitcoin-20-software-in-five-hours

I hope this helps everyone. Remember zero founders shares in this sale, this is a proposition of equals to create a huge community of equals and maidsafe the company will participate like any other company or team in this new network. We have and will make errors in judgement and the sale showed why we should never under-estimate participation, it seems people want this network to succeed but feel left out, this is not the case. We want as many folks as possible to be part of it and if maidsafe do not provide value, then they will not exist. This is correct and fair I think. I am confident we will provide further value, but we have no control to ensure that, only our tenacity and brutal honesty with a little bit of skill and lots of effort will allow us to keep being part of this.

https://bitcointalk.org/index.php?topic=579797.msg6371121#msg6371121

https://blockchain.info/es/address/1KHfLixa2idRnZXMUfEisBati1vpywaH6E?offset=400&filter=0 - MaidSafe
https://blockchain.info/es/tx/270fbda0ecf96dd2626f13bf96cedc1eb033a06cb213883ed34385a9a271abd5

https://blockchain.info/es/address/1KzHa54Qt7V75VmEsSjP2MddPxb7Mwr1fc
https://blockchain.info/es/address/1Hi2bwsu3W3h7UDrbNUuxRG4x4s4HxtWo7
https://blockchain.info/es/address/1BH8FS6Yd9WvPZ1LDDWNpqXdzX8Q3freL9
https://blockchain.info/es/address/1KGA7TLtUwjZuM5fyyYwGXfviPJdVCc8rY
https://blockchain.info/es/address/1TCEZsNRhcmx4jBtZr7jt1yM59dJXZKoe

https://blockchain.info/es/address/1Drt3c8pSdrkyjuBiwVcSSixZwQtMZ3Tew - Mtgox


https://i.imgur.com/N7TAUpJ.png

Now the crowdfunding project too much, easily deceived

it is a big joke,what hell is going on?

http://www.reddit.com/r/Bitcoin/comments/1yxxgf/the_posted_address_with_a_transfers_totaling/

So someone sent coins directly from their Bitstamp account to the Maidsafe BTC address? You need to be in control of the private keys of the sending address to receive your Maidsafecoins. Am I wrong?
 

Yes we have refunded a load of people who made that mistake to allow them to buy in from another source if they wish.

So, instead of technological improvement for it's own sake and of the future of cryptos, the innovation is on more elaborate scams?  

Or, am I wrong here? I haven't been paying too much attention lately, tbh...

"That could very well be true. But the argument of the earlier posts of this address was: That this address belongs to gox, and you can see where the drained coins went. This statement is obviously false."
by TwinWinNerD

Guys, the problem is not about MtGox stolen Bitcoins or not. It is about people with millions of dollars manipulating a fool-market.

It is your right to invest in anything but caveat emptor !