From what I saw with the MSC investment and the MTGOX BTC, something is happening behind the screen, I am pretty sure. Look how many people are talking about it before IPO. Where are the money come from with lacking of marketing.
Can anyone tell me how to get the investment back? Tell them I send it from exchange, and ask for refund?
It's fishy. This thing had almost no marketing or any presence on the net, then they have this IPO which makes millions in hours. It never made sense until you outted them laundering stolen bitcoins. It's a good thing Bitcoin has a public ledger. |
|
|
|
NXT is good marketing with nothing under the hood.
Well, you've just proven that you haven't done any research at all into Nxt. You got it completely backwards. Nxt has BAD marketing with great technology under the hood. Bad is a bit of an understatement. Though a NxT clone like NAS is even worse, where they took NxT's worst feature (distribution) and made it worse. |
|
|
|
http://www.manta.com/ic/mt6qtfq/gb/maidsafe-net-ltdMaidsafe is a small company 6 people and they likely only have two to three developers. Considering it's 6 people and an office (overhead) on a revenue of $400K, they've probably ran out of their own money, investor's money and that's what motivated them to search for more revenue (creating a coin). The actual coin project itself probably only has 1 developer, so most alternate coins have bigger development teams than the Safecoin project. It's 8 year vaporware (they even acknowledge it themselves) and Maidsafe is built upon Freenet (a 14 year old project). Maidsafe is never going to come out. A lot of gullible people here are stuck with these "Maidsafecoins" (proxy token coins) which is not to be confused with Safecoin (the coin which will be used to sustain the Safe network). You thought people were stupid to hand money over to MSC, Visacoin and other IPO scams / exaggerations.
|
|
|
|
Is there actually any code behind this project? Is any of https://github.com/maidsafe/MaidSafe/tree/master/src actually not from the freenet project? "What stage is MaidSafe at right now? At https://github.com/maidsafe/MaidSafe/wiki/Roadmap I see that, over a "local static network," that "Login/Logout via MAID keys" and "Store/Get data chunks" currently work. Okay, but surely that's not all, because I also see..." from: https://groups.google.com/forum/#!topic/maidsafe-development/vnJFdUdll7E I have to say, if there is literally nothing to invest in... this is the best business plan ever! Raising $6M already - can't imagine that on Dragons Den. When I heard about this I was happy to see that the thought even exists. And indeed I might even buy a few to support the idea of the project. If they have this much cash then if I were them I would at least spend a small amount trying to start the project.
Here is what Maidsafe claim :
A new p2p Internet. Free and decentralised.
Here is what it is (so far) :
A copy of a 14 years old open source project named freenet.
A centralized closed source software that need you to trust the staff not to look at your data and sell it to NSA.
An incentive to centralize all the network because of the competition for money. As a consequence, your data could be deleted and lost.
An unfair IPO at a fixed max amount that force people to send in a hurry without checking the project.
A huge pump&dump manipulation for MasterCoin.
It seems to me someone planned this out to make personal profits. It's a very small business of six people. Maybe only two to three developers. Everyone just gave these people millions of millions of dollars. In contrast, their revenue is only around $400K and (after paying employees and expenses) was previously, likely, making no profit (it may had even been going into the red but only the company's accountant would know). Maidsafe has been in development for 8 years and, as you claim, we could tack on another 6 years if it's a copy of freenet. That's fourteen years of vaporware. IT Corporations have all those operating expenses and high six figure salaries they have to dole out, so this may had been a brilliant move to secure funding for the next decade(s). Only thing people have received are these Maidsafecoins (proxy token coin) and people won't get their SAFE coins (real coin) until the SAFE networth is launched (if ever). That quickly results in a scenario where, if this stuff is vaporware, everyone is stuck with worthless Maidsafecoins which will plummet in value when people give up waiting for a vaporware project. |
|
|
|
|
IIRC - the 10% IPO means the capitalization at launch will be $160 million. That's a risky investment for people who poured BTC into this. It's easier said than done to hit $1 billion or $10 billion.
You have to factor in the farmers, like miners, who'll be dumping to meet their overhead. I'm pretty certain this IPO was never determined to be a good investment.
|
|
|
|
|
When can I download the alpha?
|
|
|
|
Hello, Just read i need to speak here.
I have a group of 14 friends ( includes their partners and such). We are all on the refunding list as the accounts are connected to mine. I understand you want to limit such accounts down. Could we be limited down to 5 stakes shared between us? I can provide proof of identity for these 5 people. What would be your decision on this case? would that be ok or would something else be more ideal for you?
Thanks
Edit: to be honest, the way things are looking we would even be happy with 3. At least that is something decent to share between us.
Any idea of what your decision would be here? I need to know how much money I need to pay back to them, if we are sharing I need to work out a percentage of refund to each of them (fiat). For the record I did let UP know about this long before audit, so I really would like to know whats happening. Ok, I suppose I better give a bit more info. I found Nem and got a few friends on board who I was coaching in cryptos. They in turn then wanted their girlfriends/wives/boyfriends to jump in. In my stupidity I thought it would be fine to just send them the nxt from my account and collect the fiat from them when they have enough money. It was a lot quicker to do it this way. I did not try to hide anything, you cant in a public block chain. Some of us have lost out quite bad being the victim of pump and dump schemes, but it is all down to learning experience. Some of us have been more fortunate. I no longer day trade myself, I am a long term investor mainly now. I cannot stand the dirtiness of pump and dumps. Anyway, we are hoping that when can have a few shares between us. Please consider us. It was a call for participants - not investors. It doesn't do us any good to have "participants" who are presumed to be technologically illiterate or disinterested to the extent that they did not claim their own stake They were not disinterested, It was me who pushed my nxt onto them. I told them I will sort it for them and just send them my nxt for fiat. Big mistake. So it is my fault for rushing. We will be participants but we have been a bit held back as we knew we would be on the refund list and not even sure if we are going to get stakes at all. We are waiting for UP's decision so we can jump back in. So you peddled 14 people into giving you money for stakes? That is not how this was supposed to work. No where was it written that you were suppose to pester Granny & other technological illiterate friends for money to get NEM stakes. How did you even persuade these people to 'invest'? Someone unfamiliar with cryptos can't tell the 300 or so coins apart. I'm thinking you sold some "get quick rich" scheme to them. How do we rationalize your 14 sockpuppets / non-participating friends over people on the waiting list? |
|
|
|
Hello, Just read i need to speak here.
I have a group of 14 friends ( includes their partners and such). We are all on the refunding list as the accounts are connected to mine. I understand you want to limit such accounts down. Could we be limited down to 5 stakes shared between us? I can provide proof of identity for these 5 people. What would be your decision on this case? would that be ok or would something else be more ideal for you?
Thanks
Edit: to be honest, the way things are looking we would even be happy with 3. At least that is something decent to share between us.
Any idea of what your decision would be here? I need to know how much money I need to pay back to them, if we are sharing I need to work out a percentage of refund to each of them (fiat). For the record I did let UP know about this long before audit, so I really would like to know whats happening. Ok, I suppose I better give a bit more info. I found Nem and got a few friends on board who I was coaching in cryptos. They in turn then wanted their girlfriends/wives/boyfriends to jump in. In my stupidity I thought it would be fine to just send them the nxt from my account and collect the fiat from them when they have enough money. It was a lot quicker to do it this way. I did not try to hide anything, you cant in a public block chain. Some of us have lost out quite bad being the victim of pump and dump schemes, but it is all down to learning experience. Some of us have been more fortunate. I no longer day trade myself, I am a long term investor mainly now. I cannot stand the dirtiness of pump and dumps. Anyway, we are hoping that when can have a few shares between us. Please consider us. It was a call for participants - not investors. It doesn't do us any good to have "participants" who are presumed to be technologically illiterate or disinterested to the extent that they did not claim their own stake |
|
|
|
so your only argument is "yes, maidsafe supports all this sick stuff, but the government is hitler!!!" seriously?
It's a red herring argument. All this Maidsafe stuff is all about encouraging immoral activity. |
|
|
|
|
That is what their project would result in. A circumvention to the law.
I can't support any anonymous transactions or internet as it'ld only be used to hurt people.
|
|
|
|
|
It's a legal issue and an appeal issue. How many use TOR and how many companies would ditch their servers for a decentralized one? Never mind the legal and ethical aspects as previously mentioned by another poster
|
|
|
|
|
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.
|
|
|
|
1.2 million in BTC for vaporware given to a charity with no legal comebacks......I really need to run an IPO.
Anyone want some EvilCoin?
Clueless as usual. How so? Maid Safe has been 8 years in development and it'll likely never release. Everyone just gave these guys over a $1 million, that'll likely pay the six figure salaries for the developers for years to come. |
|
|
|
Developer Pool =/= Maid Safe developers, these are bounties for third party developers.
This is a 10% IPO with a 15% Developer Pool. That means 75% of the coin is premined in a Ripple fashion. Although we have reason to suspect that Maidsafe dumped all their mastercoins to buy their own IPO, so the premine could be as high as 80%.
That means less than 5% of all the coins in circulation will be traded.
That's pretty far from whats happening. I think you need to read up alot more. Then you need to read it again. It's all on there. Then you would know that the 15% dev pool will be taken from the 10% IPO with the 90% left for miners (or POR). Link me that information then. You're pulling stuff out of thin air. All those POR rewards are likely from transaction fees. It's a premine coin. Search this thread. 2 pages back if you need a hint. Read the whitepaper also instead of being a know-it-all. Stop making stuff up. Link or begone. That guy had nothing to do with Maidsafe and he was speculating. There is a genuine white paper on the net if you're interested in actually reading it. I read their whitepaper long before you became a bagholder for a worthless coin. This is a premine scam. 75%+ premine and then they lied and stole money from people through MSC. Well, why don't you link me instead to your Ripple theory. And I really doubt you read the whitepaper in the first place. Ripple does operate on the same thesis of Safecoin, in that they would 'release' coins but that never happened. It's extremely unlikely Safecoin will release much of any of their 75% premine to the "farmers". It's a real world corporation which has operating expenses and is looking for quick money, it makes no sense to pay 'farmers' anything beyond market rate for decentralized servers . |
|
|
|
You have to type "NEM" coin on google search and use the time settings (use a week or 24 hours) to find any mentioning of NEM. It's not entirely fool proof but it does work to an extent. |
|
|
|
Developer Pool =/= Maid Safe developers, these are bounties for third party developers.
This is a 10% IPO with a 15% Developer Pool. That means 75% of the coin is premined in a Ripple fashion. Although we have reason to suspect that Maidsafe dumped all their mastercoins to buy their own IPO, so the premine could be as high as 80%.
That means less than 5% of all the coins in circulation will be traded.
That's pretty far from whats happening. I think you need to read up alot more. Then you need to read it again. It's all on there. Then you would know that the 15% dev pool will be taken from the 10% IPO with the 90% left for miners (or POR). Link me that information then. You're pulling stuff out of thin air. All those POR rewards are likely from transaction fees. It's a premine coin. Search this thread. 2 pages back if you need a hint. Read the whitepaper also instead of being a know-it-all. Stop making stuff up. Link or begone. That guy had nothing to do with Maidsafe and he was speculating. There is a genuine white paper on the net if you're interested in actually reading it. I read their whitepaper long before you became a bagholder for a worthless coin. This is a premine scam. 75%+ premine and then they lied and stole money from people through MSC. |
|
|
|
Developer Pool =/= Maid Safe developers, these are bounties for third party developers.
This is a 10% IPO with a 15% Developer Pool. That means 75% of the coin is premined in a Ripple fashion. Although we have reason to suspect that Maidsafe dumped all their mastercoins to buy their own IPO, so the premine could be as high as 80%.
That means less than 5% of all the coins in circulation will be traded.
That's pretty far from whats happening. I think you need to read up alot more. Then you need to read it again. It's all on there. Then you would know that the 15% dev pool will be taken from the 10% IPO with the 90% left for miners (or POR). Link me that information then. You're pulling stuff out of thin air. All those POR rewards are likely from transaction fees. It's a premine coin. |
|
|
|
Developer Pool =/= Maid Safe developers, these are bounties for third party developers.
This is a 10% IPO with a 15% Developer Pool. That means 75% of the coin is premined in a Ripple fashion. Although we have reason to suspect that Maidsafe dumped all their mastercoins to buy their own IPO, so the premine could be as high as 80%.
That means less than 5% of all the coins in circulation will be traded.
That's pretty far from whats happening. I think you need to read up alot more. Then you need to read it again. It's all on there. |
|
|
|
|
Developer Pool =/= Maid Safe developers, these are bounties for third party developers.
This is a 10% IPO with a 15% Developer Pool. That means 75% of the coin is premined in a Ripple fashion. Although we have reason to suspect that Maidsafe dumped all their mastercoins to buy their own IPO, so the premine could be as high as 80%.
That means less than 5% of all the coins in circulation will be traded.
|
|
|
|
|
It's been in development for 8+ years. I don't know when it'll release.
|
|
|
|
|
Show Posts
