I just meant to say that they had to "buyout" safecoins for BTC donors by themselves before closing the IPO on mastercoin protocol. Why there are 455,948,702 instead of 429,496,729 safecoins I don't know. Probably every IPO purchase that gets in the same block as the transaction signifying the end of IPO is valid, so there is no way cut it at an exact amount of coins and there is always some "spillover". As I understand, they had to create all safecoins before shutting down MSC acceptance (because of the way mastercoin protocol works). So, 1NpScs5QhqmSeV6FZUdGUFvVVfQGbuBV3Y (balance 159681477) is probably their own address. Now they will have to send safecoins from that address to BTC donors manually. I repeat:
The list provided in the link above says that 455,948,702.00 have been accounted for. Yet the safecoin.io website says there was only 429,496,729 available for the IPO.
Does this mean there are no more MaidSafeCoins available for BTC investors?
Ah what you're saying is the final order placed can't be divided up by the auto issuance system. Because the protocol itself can't divide up the funds received so there's a spillover? It's easy to give change on spillover with the simple manual system of exodus address, I just mean Mastercoin claim to have an automated system, and no way for an.... nah forget this line of convo I might well be talking shit here! |
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A bit behind and trying to make sense of this.. Why don't they just release the 10% cap and honour the exchange for BTC and MSC suggested?.. or otherwise honour the commitment and do the math from timing of payments and lock out those that were too late??.. If MSC holders put the effort in and were quicker to transfer, why not go with that???... Some BTC transfers will have been OK relative to meeting the 10% limit. Disappointing for those that were late but this is a great offering by what has been detailed so far.. Still I don't understand the cap needs to be hard10% if there is already such strong demand.. Sell it all why not?  Then every single holder of mastercoin would make a claim, and value in the funds raised would be diluted to the point of being worthless. There's strong demand to dump mastercoin, and a lot of pre-arranged investment in bitcoin. |
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As I understand, they had to create all safecoins before shutting down MSC acceptance (because of the way mastercoin protocol works). So, 1NpScs5QhqmSeV6FZUdGUFvVVfQGbuBV3Y (balance 159681477) is probably their own address. Now they will have to send safecoins from that address to BTC donors manually. I repeat:
The list provided in the link above says that 455,948,702.00 have been accounted for. Yet the safecoin.io website says there was only 429,496,729 available for the IPO.
Does this mean there are no more MaidSafeCoins available for BTC investors?
Ah what you're saying is the final order placed can't be divided up by the auto issuance system. Because the protocol itself can't divide up the funds received so there's a spillover? |
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I missed the IPO announcement, and I am glad I did. I probably would have tried to buy MSC below 0.02 BTC and gotten screwed.
Not sure whether these guys are incompetent or scammers. Its clear though that MSC whales have made a killing.
I'd say a good 80% of the value of the IPO is in their pockets. You do have to question why david would pay an $8million fee for something that is available freely. I'm confused - do you mean David Johnston of Mastercoin/Bitangels or David Irvine of MaidSafe/Safecoin? David Irvine I suspect David Johnston is opening Champagne on his Yacht |
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My bitcoin address is not on the (short) list.  Me neither. Does this mean I didn't get any or it just hasn't been posted yet? I have no idea what is going on. The list provided in the link above says that 455,948,702.00 have been accounted for. Yet the safecoin.io website says there was only 429,496,729 available for the IPO. here is one address on that list: 1NpScs5QhqmSeV6FZUdGUFvVVfQGbuBV3Y 159681477 159681477 / 17000 = 9393.02 BTC 9393.02 BTC worth of MaidSafeCoin to one address ?? That is roughly US$4,600,000 WTF? I haven't done the full maths because it's too complicated, but the bonus was on a sliding scale from 40% to 30% over the course of 7 days moving per block count. 20 million definitely seems like too much too account for in this way though, very worrying for holders at the top Okay - either I am missing something or you are not understanding my point. The IPO details on safecoin.io state that 429,496,729 maidsafecoins will be available for the IPO period. The list of Mastcoin investors ( http://www.mymastercoins.com/Investors.aspx?CurrencyID=3) indicates that 455,948,702 have already been distributed. This means that already, just taking into account Mastercoin investment, they have distributed 26,451,973 MORE than the IPO stated were available. Sorry see what you mean, I assumed you'd done the maths yourselves, no Idea about that fucking complicated to check too. Would like to know if that list is in order though in case some of us are up for the chop |
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I hope that guy NayDog or whatever he's called is alright he said he lost 1000 bitcoins and has been offline for 6 hours since.
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My bitcoin address is not on the (short) list. Me neither. Does this mean I didn't get any or it just hasn't been posted yet? I have no idea what is going on. The list provided in the link above says that 455,948,702.00 have been accounted for. Yet the safecoin.io website says there was only 429,496,729 available for the IPO. here is one address on that list: 1NpScs5QhqmSeV6FZUdGUFvVVfQGbuBV3Y 159681477 159681477 / 17000 = 9393.02 BTC 9393.02 BTC worth of MaidSafeCoin to one address ?? That is roughly US$4,600,000 WTF? I haven't done the full maths because it's too complicated, but the bonus was on a sliding scale from 40% to 30% over the course of 7 days moving per block count. 20 million definitely seems like too much too account for in this way though, very worrying for holders at the top Okay - either I am missing something or you are not understanding my point. The IPO details on safecoin.io state that 429,496,729 maidsafecoins will be available for the IPO period. The list of Mastcoin investors ( http://www.mymastercoins.com/Investors.aspx?CurrencyID=3) indicates that 455,948,702 have already been distributed. This means that already, just taking into account Mastercoin investment, they have distributed 26,451,973 MORE than the IPO stated were available. No what I am saying is your maths could potentially be wrong because you're working out the bonus at 140% when it drops on a sliding scale. I'm also conceding that does sound like a lot of coins for this explanation to account for I'll look into it now. |
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I missed the IPO announcement, and I am glad I did. I probably would have tried to buy MSC below 0.02 BTC and gotten screwed.
Not sure whether these guys are incompetent or scammers. Its clear though that MSC whales have made a killing.
I'd say a good 80% of the value of the IPO is in their pockets. You do have to question why david would pay an $8million fee for something that is available freely. |
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That list is just for the accepted mastercoin senders.
Bitcoin senders would be notified after the ipo gets finished.
I repeat: The list provided in the link above says that 455,948,702.00 have been accounted for. Yet the safecoin.io website says there was only 429,496,729 available for the IPO. Does this mean there are no more MaidSafeCoins available for BTC investors? The convoluted method for accepting bitcoin was that they were lent mastercoin to feed into the buy in system on behalf of bitcoin holders (then repay this to the lenders later out of mastercoin raised directly). because Mastercoin was going in much faster then they expected they dumped the entire fund themselves to sell the bitcoin later. You'd have to contact one of the Maidsafe coin cunt's to find out if these have gone yet, but they were still selling for hours after the sale closed. |
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My bitcoin address is not on the (short) list. Me neither. Does this mean I didn't get any or it just hasn't been posted yet? I have no idea what is going on. The list provided in the link above says that 455,948,702.00 have been accounted for. Yet the safecoin.io website says there was only 429,496,729 available for the IPO. here is one address on that list: 1NpScs5QhqmSeV6FZUdGUFvVVfQGbuBV3Y 159681477 159681477 / 17000 = 9393.02 BTC 9393.02 BTC worth of MaidSafeCoin to one address ?? That is roughly US$4,600,000 WTF? I haven't done the full maths because it's too complicated, but the bonus was on a sliding scale from 40% to 30% over the course of 7 days moving per block count. 20 million definitely seems like too much too account for in this way though, very worrying for holders at the top |
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There are only 151 addresses on that list. Surely that cannot be correct  Yes this IPO was just a way for large mastercoin holders to liquidate their funds before their pointless protocol collapses under it's own greed. Would love to know Davids real reason for swapping real value for pointless tokens, but I don't think we'll ever know that. |
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They say that only 3 transactions went after the closure: https://groups.google.com/a/mastercoin.org/forum/#!topic/dev/-2beDAWAnNQ You may check your maidsafe balance: http://www.mymastercoins.com/Investors.aspx?CurrencyID=3I still haven't received my Mastercoins back (sent after the closure) is anyone else in the same boat? I know I said I wasn't going to sell them because that would make a bigger cunt as them but I just said that because I was emotional after waking up to losing 50k, having second thoughts I'd quite like to sell any Mastercoin I have remaining!
You're a legend sorry missed this |
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is this balance really correct? this means they got their 10% within 12hours?
So the early "buyer" event is over?
Can anyone confirm what block or block time the sale ended? thanks |
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I still haven't received my Mastercoins back (sent after the closure) is anyone else in the same boat? I know I said I wasn't going to sell them because that would make a bigger cunt as them but I just said that because I was emotional after waking up to losing 50k, having second thoughts I'd quite like to sell any Mastercoin I have remaining!
calm down. those MSC sent after the closure will be refunded to you. it just costs some time. thanks for your patience. No it costs the market dropping to nothing first |
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I still haven't received my Mastercoins back (sent after the closure) is anyone else in the same boat? I know I said I wasn't going to sell them because that would make a bigger cunt as them but I just said that because I was emotional after waking up to losing 50k, having second thoughts I'd quite like to sell any Mastercoin I have remaining!
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best strategy is to wait until the price in the secondary market drops by 90-95% after some weeks as with counterparty.
Counterparty is still +300% above IPO prices. Are you sure about that? Acc. to Poloniex, the price in February was 0.15 BTC/XPC, now it's around 0.003. Yes worst burn price was 0.001 so it's still +300% |
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Guys, did you see the absolutely chaotic IPO on Mastercoin ??
Mastercoin adress for IPO was removed 2 hours after launch.
MSC holders were very eager to dump at the fixed price and Maidsafe don't want MSC anymore...
EVERYBODY have foreseen it and let it know it could be catastrophic for Maidsafe, but each time investors was attacked/insulted by Mastercoiners , saying Maidsafe agreed a fixed price and 0,02 was the real MSC value, so there will be no manipulation...
Price is already -40%...
Many Investors bought MSC just for the IPO and now are stucked...Disgusting and shameful.
I don't want to make more MSC bashing, but all of this was forese
Problem is I didn't listen to myself just thought I had time to get in and out, over slept by a few hours and now my lifes destroyed just lost $50 of my $65 savings with a disabled ex to look after. Anyone got a suicide hotline number lol? Wasn't you who sold 400 MSC @0,17 yesterday, just before this chaos ? :-) No it was me who had a sell order at 0.17 yesterday before the chaos, that didn't get filled until I was too tired to stay awake, in the end I foolishly considered that if I stayed all in Mastercoin, I could get 100% of their value (rather then take a 20% hit) and monitor the speed the IPO would take place, I completely underestimated how fast it would go. Therefore I could easily liquidate at full value the highly sort after Maidsafecoins. |
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They bought the entire amount for sale with their loaned bitcoin
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The upside of this being that if you felt like you'd missed out, the opportunity remains to send Bitcoin and it would seem from David that you could be reasonably sure of not being at any disadvantage by doing so.
Yeah, but I spent all my bitcoin yesterday buying MSC at a discount. David announced the rules, I believed him at his word and I prepared myself for this moment now where I have in hand loads (1000 MSC) to buy MaidSafe. Now, I wake up in the morning, with no notice whatever to find the rules have been swiftly changed in the middle of the night!! Not only that, this rule change has caused my mastercoin value to crash from .18 to .09. Should I bare the burden of this surprise rule change - or should MaidSafe? Sorry David, you can't change the rules in the middle of the night to the severe disadvantage of others. I think this is going to come back on you in a very serious way if you don't reopen the MSC @ .2 very freaking fast. Me too man, pure greed on my part as saw it coming but not this fast thought I'd get in and out, lost my savings want a gun right now not sure for me or someone else! Shouldn't have touched it and should have drawn pictures to explain, but everyone was so rude to me i thought fuck them I'll join in making the free money!! |
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