Actually, they did set it below market price.  Way below.

If they let the deal go with no price fix, people would have to buy a shit load of MSC where there were few sellers.  The 'market price' would reach .2 in just a day or two once buying of MSC from the open market commenced.  Since the open market did not have sufficient supply, the dev team had to make the price fix.  If MaidSafe investor were forced to buy MSC ONLY from the open market, the price of a Mastercoin would surely have exceeded 1.0 because the supply of available MSC was far less than that needed for the funding level of the MaidSafe project.  This would have caused MaidSafe investors to grossly over pay a few MSC sellers who would profit 20X or more.  Mastercoin dev tried to reach a middle ground with .2.  In hindsight, that didn't work so well.  But it was an attempt to prevent a serious run up due to under supply of MSC in the open market. 

If it were possible, and it was not, to put limits on MSC Whales everything would have worked.  Unfortunately, you can't put limits on MSC whales.  So you get what we have right here.  I don't like it any more than you do. 

'market price' is a tricky term.  I don't know what the 'correct' fix value should have been.  But I wonder what would have happened if it were set at .10.  That may have prevented MSC whales from jumping all in in the first hours.  Too bad we can run the experiment again. 

When is the next crowdfunding project?  I've got shitloads of Mastercoin (>500) and I want to get in on a 2:1 deal with my friend ChangHum. 

If there are any companies out there that would like to have free money - and tons of it, just contact the nice guys at MasterProtocol who will set you up with an easy way to rake in shit loads of cash in about 5 hours. 

I am going all in on the next one. 

Time to cool your jets Hung-Way-Lo.

Although the IPO was a little disorganized - it is possible that far more of this was due to honest players who didn't get all the parameters set perfectly.  It might actually be the case that there are just a few profiteers who took advantage of an imbalance they saw early in the deal.

You and I were deep in this 3 days before the deal.  We saw the arbitrage opportunity - and played it.  Unfortunately for both you and I, we got stuck out because we didn't see the early MSC closing coming. 

However, there is no doubt you did the same thing as I did and tried to buy MaidSafe with MSC which we paid less than .2  Just business as usual.  We got screwed when we couldn't use those MSC to actually buy MaidSafe after the MSC was locked out. 

But you had the same dishonest intent as you too were buying them at a discount with full intentions of using these to buy MaidSafe later at a profit.  Just because you couldn't play out your game - you are bitter.

I don't know exactly how many MSC guys ran this as a sneaky plan, and how many were just ambitious investors.  But I'll tell you this, Irvine, and the Mastercoin dev team were probably guilty of imperfect set up - and nothing more.  For now, it is a complex system which can get unstable in several ways.  Soon, it will be far more reliable and stable. 

As for bad actors?  Probably only a few and they include you and I.  The difference is you and I got left behind and some others made it before the cut off.  But it is very unfair of you to jump up and down and cry now.  Time to suck it up and move faster next time.  Your arbitrage play went bad.  No big deal, you'll find another one.  My bet is there were very few involved with bad intent. 

Move on - dumbass!!

It is VERY hard to spend them.  So hard in fact - there is no way this can happen on accident.  Just hold them for 12 months until the tools are much better.  For now, the markets are just too messy.

Dead on Arrival!!

NXT has been in serious decline for a long time.  Is this new marketing effort with more pretty web candy really going to improve NXT?  There are at least three serious NXT alts launching in view of the NXT 'unfair distro'.  I doubt you'll be able to produce any kind of recovery just because you started this stupid 'new official thread'.  NXT is dead.  Pump and Dump is dead.  People around here are too smart for that.

Now that the whales are starting to sell big time, the only people putting money in are the suckers.  It is over.

Just to clear things up, Ross is a world class king of drug dealers.  And you are a moron.  

Anyone who puts in place means to trade trades and receives a handsome fee for use of this mechanism is a drug dealer.  Just because you can buy alpaca socks on SilkRoad doesn't make Ross innocent.  

What the fuck kind of people defend him?  

Stealing movies is illegal too.  Just because you use TOR and bittorrent - doesn't mean it is somehow legal.  Just because bittorrent can transfer legal files too - doesn't mean people who intentionally use it for stealing copyrighted shit are somehow innocent.  

Kim Dotcom is a fat bloated pig and a world class thief.  He didn't make his money by transferring photographs of people's dogs.  Everyone understands where the money came from.  Just because the legal system struggles with distributed systems like bittorrent, doesn't mean people are permitted to deal in stolen movies.  

Ross and that fat pig Kim DotCom should be prison mates for life.  Those who defend them should be in there too.

He is innocent until proven guilty - so he must be innocent!  Yeah, set him free!  Freedom reigns.  Who could be against freedom? Let Ross go!

Idiot.  

"In a true free market (libertarian world) you are allowed to buy and sell drugs" - you are also free to kill anyone who you determine deserves it.  So watch the fuck out cause I'd kill you first.  If things are going to be truly free, then no government is going to suppress me and tell me who I can and can't kill and rape.  Free for all baby!!!!

How did the bitcoin community get so many morons?

Mods deleted posts - I have a vulgar vocabulary
Ask anyone, I troll all the time.  No need to pretend.
Awkward?  not for me.

1st - I am a brilliant lawyer. 
2nd - I don't defend trash.

I love the defense raised here: 'Silk Road could be used to sell books...  ...therefore Ulbricht is not guilty'  lol comedy. 

If someone sells dope on Craigslist - craigslist can escape culpability.  Silk Road is a complete different matter.  Ulbricth is toast.  All the fancy dancing about 'internet freedom' isn't going to bring him one tiny bit of relief.  forgetaboutit.

lol!  I was the troll that sent him into a rage.  And the Jesus meme was for me.  I tell ya, guys are so fucking easy these days.  The troll business is definitely booming.  Did you guys forget? - it's the internet.

That, and Geiko will save you 15% on auto insurance.  Everyone knows that.

The Ulbricht family would like to argue that a conviction of Dread Pirate Roberts would 'threaten internet freedom'.  
http://www.coindesk.com/family-ross-ulbricht-conviction-threaten-internet-freedom/
What a joke.  

You are not free to use the internet for murder, money laundering, drug sales, et cetera.  Why do people think 'internet freedom' means one is free to murder, rape, steal, cheat - over the internet?  WTF???  If you do this shit, whether over the internet or over morse code smoke signals - you are going to get popped.  Doing something over the internet doesn't mean all laws are nullified.  

What a dumbass.  That family hired one stupid ass lawyer. 

But I got you on the first round.  It wasn't obvious then.  You gave a serious response.  You are too easy.

This doesn't sound right to me.  I heard he was French.  Am I missing something?

Use of cryptocurrencies implies a minimal level of intelligence.  This shit is not for your little sister.  Maybe in about 5 years it will be idiot proof - today, idiots still aren't welcome.  But thanks for trying.

Not happy with this investment?  I am sorry about that.  However, you can still participate in using and developing the technology.  Go write an application.  Go establish a farm.  Use the service.  All these things will show you it is not a scam, but rather a very nice technology.

You don't need to buy safecoins to use and love MaidSafe.

The Master is incompetent.  This coin is totally dead already.  The only thing right about it - it knows NXT is a total scam.

Delusional

This is the funniest shit I've read all year.  NXT is a joke.  It isn't anything.  It isn't bitcoin with built in programming language (like Ethereum) and it isn't a decentralized storage and computational platform.  NXT is a bullshit cryptocurrency which only has the advantage that it doesn't burn too much electricity like bitcoin.  

NXT is garbage.  Nobody will bother with their nonsense.  Why do you think MaidSafe raised all that money in ten minutes?  Because it is a real system.  Not sure if it will work, but it isn't just a bunch of nonsense like NXT.

NXT is good marketing with nothing under the hood.  We don't need another bitcoin, the bitcoin we have is already too much of a pain in the ass.  NXT will never replace bitcoin.  Stop being a fool.

Yep.  People who cannot distinguish between a real project with an underlying technology and a silly little pump and dump bullshit coin never believe these kind of things. 

Oh God!  This looks very serious.  CounterParty is dying a very miserable death.  Floodgates are opening?  Sell now.  Robby, how could you over look this?  If I lose even more money on this I am going to be VERY pissed.  

Does anyone think they can recover?  

CounterParty: -6.21% again today.