This whole ideas so floored it's satirical, The IPO will be cancelled before 1 day and 17 hours or I'll lose all faith in human nature. So everytime there is a large asset issuance on MSC, an ungodly amount of MSC needs to be acquired? and the price fixing will work so well with two assets at the same time  And I guess I didn't catch this part but where does the MSC that is used to create MSAFE go?It gets stripped of all value by the lucky mastercoin holders who can sell into the over-inflated and fixed fundraiser I assume it doesn't disappear, and it can't be going back to the maidsafe guys because why then why would they even need a large MSC loan? They can just keep reusing the same MSC.Good point I presume it was a part of the con to trick him into this stupid arrangement, and to convince him he was likely to raise more Bitcoin than value stripped Mastercoin. Chang, I hate to say it, but you’re missing an important point. You are assuming malintent by at least one of the parties, when there is none. No one is trying to out-game the market or anything of the sort. MaidSafe wishes to raise money in a crowdsale of their tokens. They have a target amount they wish to raise. Mastercoin has a method to generate tokens based on the amount contributed. Combine these two and you have a simple mechanism to do so. No malintent. If we wanted to make the price of MSC go to the moon, the loan wouldn’t have happened and all BTC buyers would’ve had to buy MSC at the market price. Which would’ve kept going up and up (way beyond the 0.2 ratio). This would’ve allowed for all of the nefarious actions you portend. The current method *avoids* that. We’re trying to be good guys doing good things, and people keep claiming we’re doing the opposite. If you don’t understand something, ask. Everything we do is public and open-source. If you don’t like a method, come in and provide a better one - we’ll take it. Start believing that people are working to do the right thing with the tools available and the world becomes a much nicer place. Craig OK, well I guess I'm just betting the outcome of this is a disaster for Maidsafe and Very good for master coin holders. Let's hope I'm wrong I've argued my points more than enough already let's just wait and see. |
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Craig,
-Your reply clarifies a major point I've overlooked, that I'm surprised wasn't answered when David Irvine was pressed for questions on his thread.
Since it’s easier and more straightforward to particpate in the Crowdsale using BTC, it’s a reasonable assumption that the majority of particpants will be using BTC to participate. Your statement “over inflated launch price” seems to imply your bias in this case, anyway. The market sets these prices, even at the launch.
Quote from: Chang Hum on Today at 04:47:50 PM
Bold part 2 again confirming the bizarre claim about issuance in the first quote
Since the protocol uses MSC to decide how many MSAFE to generate, this should be obvious.
Wow that is mind blowing you've confirmed that mastercoin really does work in this way I assumed it must have been a mistake by David Irvine.
Wait, can anyone who is familiar with MSC confirm this? Is this how MSC works? So everytime there is a large asset issuance on MSC, an ungodly amount of MSC needs to be acquired? And I guess I didn't catch this part but where does the MSC that is used to create MSAFE go? I assume it doesn't disappear, and it can't be going back to the maidsafe guys because why then why would they even need a large MSC loan? They can just keep reusing the same MSC. Off to the mastercoin forums to read up on how it handles asset issuance until someone can explain this to me like I am a 5 year old. The more I know about MSC, the more I become a believer that XCP will overtake it one day. It may not have the marketing and funds that MSC has, but the fundamentals seem way more solid. But I am not trying to turn this into a discussion on XCP. Not that that should stop you from immediately running out to buy a few hundred, or thousand, whatever floats your boat  This whole ideas so floored it's satirical, The IPO will be cancelled before 1 day and 17 hours or I'll lose all faith in human nature. So everytime there is a large asset issuance on MSC, an ungodly amount of MSC needs to be acquired? and the price fixing will work so well with two assets at the same time And I guess I didn't catch this part but where does the MSC that is used to create MSAFE go?It gets stripped of all value by the lucky mastercoin holders who can sell into the over-inflated and fixed fundraiser I assume it doesn't disappear, and it can't be going back to the maidsafe guys because why then why would they even need a large MSC loan? They can just keep reusing the same MSC.Good point I presume it was a part of the con to trick him into this stupid arrangement, and to convince him he was likely to raise more Bitcoin than value stripped Mastercoin. so if you are wrong and the Maidsafe people are pleased with the outcome, can we see a video of you eating your socks for dinner?  It's clear I think to anyone not invested in Mastercoin or greed relating this IPO I'm right, I will eat my socks if you do to but I hope it doesn't come to that, Maidsafe looks like a really interesting project and I hope the team realize what's really going on fast! |
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Craig,
-Your reply clarifies a major point I've overlooked, that I'm surprised wasn't answered when David Irvine was pressed for questions on his thread.
Since it’s easier and more straightforward to particpate in the Crowdsale using BTC, it’s a reasonable assumption that the majority of particpants will be using BTC to participate. Your statement “over inflated launch price” seems to imply your bias in this case, anyway. The market sets these prices, even at the launch.
Quote from: Chang Hum on Today at 04:47:50 PM
Bold part 2 again confirming the bizarre claim about issuance in the first quote
Since the protocol uses MSC to decide how many MSAFE to generate, this should be obvious.
Wow that is mind blowing you've confirmed that mastercoin really does work in this way I assumed it must have been a mistake by David Irvine.
Wait, can anyone who is familiar with MSC confirm this? Is this how MSC works? So everytime there is a large asset issuance on MSC, an ungodly amount of MSC needs to be acquired? And I guess I didn't catch this part but where does the MSC that is used to create MSAFE go? I assume it doesn't disappear, and it can't be going back to the maidsafe guys because why then why would they even need a large MSC loan? They can just keep reusing the same MSC. Off to the mastercoin forums to read up on how it handles asset issuance until someone can explain this to me like I am a 5 year old. The more I know about MSC, the more I become a believer that XCP will overtake it one day. It may not have the marketing and funds that MSC has, but the fundamentals seem way more solid. But I am not trying to turn this into a discussion on XCP. Not that that should stop you from immediately running out to buy a few hundred, or thousand, whatever floats your boat This whole ideas so floored it's satirical, The IPO will be cancelled before 1 day and 17 hours or I'll lose all faith in human nature. So everytime there is a large asset issuance on MSC, an ungodly amount of MSC needs to be acquired? and the price fixing will work so well with two assets at the same time And I guess I didn't catch this part but where does the MSC that is used to create MSAFE go?It gets stripped of all value by the lucky mastercoin holders who can sell into the over-inflated and fixed fundraiser I assume it doesn't disappear, and it can't be going back to the maidsafe guys because why then why would they even need a large MSC loan? They can just keep reusing the same MSC.Good point I presume it was a part of the con to trick him into this stupid arrangement, and to convince him he was likely to raise more Bitcoin than value stripped Mastercoin. |
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... FYI: there is no fee required to issue assets via the Master protocol and this feature will go live in the next days. Cool so instead of paying a one off $1 you just have to buy most of the coins in existence, stripping the value out of every bitcoin raised by handing it over to mastercoin holders that sell into the staged and over inflated price? I'm interested how does this work when you need to fix the price of mastercoin for 2 fundraisers/token issuances or whatever at once?... doesn't matter I'm pretty sure this is the last. Has the world gone mad totally mad or am I dreaming.  |
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Dumped all my mastercoin from reading dev posts looks like Davids been conned into paying $10m usd asset issuance by mastercoin foundation scum!(equiv $1 on counterparty hahaha) because he's unbelievably retarded. Shame would have loved to invest clever guy and great project.
Well, you get what you pay for... Mastercoin = $10 million CounterParty = $1 David understands the funding mechanism and is happy with the arrangement. You act as if he were tricked by these "mastercoin foundation scum!" What a dimwit. Go buy some XCP to make you feel better. Wow good advice coming from you |
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I'll check I've got one thing right about the cost of asset issuance;
If maidsafe wanted to create 429,496,729 Msafe it would just cost a small one off fee of around $1-2 right?
Then he could set up a bitcoin wallet for his fundraiser and return [funds in] with [funds in * xchange rate] of Msafe for the cost of dust?
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right, where did you get the 10M number, I can't do calculation these days but, will msc be able to reach 0.2 as they want to peg in a few days ? and why the price is not close to the number.
Basically Mastercoin are raping Maidsafe by sucking whatever % is paid in Mastercoin (and will be a lot) out of his fundraiser. Can't believe more people can't see it, maybe they can but are holding Mastercoin. This will be the end of Mastercoin and I think Maidsafe unless he cancels this fundraiser. Really sad discussed here https://bitcointalk.org/index.php?topic=577149.msg6311982#msg6311982 |
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Craig, -Your reply clarifies a major point I've overlooked, that I'm surprised wasn't answered when David Irvine was pressed for questions on his thread. Since it’s easier and more straightforward to particpate in the Crowdsale using BTC, it’s a reasonable assumption that the majority of particpants will be using BTC to participate. Your statement “over inflated launch price” seems to imply your bias in this case, anyway. The market sets these prices, even at the launch. Quote from: Chang Hum on Today at 04:47:50 PM
Bold part 2 again confirming the bizarre claim about issuance in the first quote
Since the protocol uses MSC to decide how many MSAFE to generate, this should be obvious.Wow that is mind blowing you've confirmed that mastercoin really does work in this way I assumed it must have been a mistake by David Irvine. Floors I can imediately see:-sucks 100% of the value out of shares/assets/tokens issued. All funds raised go to Mastercoin holders who sell into this wave. -You've had to reconfigure the crowdsale price so only 20% of all mastercoins in existence are required rather than the 66% required initially, this will work as long as the market follows such price fixings which in themselves would be criminal in any regulated financial market. -You've given mastercoin holders a 400% incentive to dump hard to liquidate mastercoins into this project.
Quote from: Chang Hum on Today at 04:47:50 PM
Bold part 3 Someone should mention you're crazy for this as if what you're saying is true you're missing out on 400% profit presale because of price manipulations last week.
If the market responds favorably to this, the conversion rate may end up making it more beneficial to use BTC instead of MSC. We didn’t want to see the price of MSC spike up to insane levels, so a “cap” was instituted to ensure the BTC/MSAFE ratio stayed fixed. If anything, this actually *limits* the profit opportunity for BitAngels and MSC holders, since once the MSC/MSAFE ratio is fixed, it stays at that ratio for the duration of the Crowdsale, regardless of what the market thinks an MSC is worth.Wow you're a piece of work Maybe your motivations are about quick and dirty profits, but the Mastercoin Foundation and the MaidSafe Foundation are not looking for a quick profit based on immediate market conditions. This is about building decentralized systems than can be trusted by their algorithmic nature, and leveraging the strengths of projects in the space to do so. We are ecstatic that MaidSafe has decided to use the Master Protocol for their Crowdsale, and we’re working hard to ensure that everything is as fair, open and transparent as possible.
This is about coning a small Scottish tech firm into generating funds for the final days of Mastercoin. Everyone involved should be ashamed. No doubt you're ecstatic... pathetic I hope Kama get's you all. |
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Backers will receive 17,000 MaidSafeCoins per bitcoin
Backers will receive 3,400 MaidSafeCoins per mastercoin---from http://buysafecoins.comThis means 1msc=0.2btc,how did they decide the exchange rate? As I know, 1msc=0.08btc before this released, why don't they let the market decide the rate? I think this is a way to let the msc big holders to sell them msc high. Maybe something deep inside the project.  price manipulation 2.0, featuring the mastercoin foundation Just curious if you know something I don't or if this is FUD, because if you have further information on why I should avoid this IPO, I would greatly appreciate hearing it. because the IPO is designed to pump mastercoin price and someone can simply fork maidsafe and the token system because it's open source? Yes, the exchange rate of MSC/maidsafecoin and BTC/maidsafecoin is a bit troublesome. Obviously the price spike we have seen on MSC since the announcement is due solely to this IPO. I am sure there are schemers over at the mastercoin foundation who saw this. I suppose though it comes down to whether or not you trust the devs of maidsafe. Are the maidsafe devs and mastercoin foundation laughing together right now over all the cash they are gonna dupe all us suckers out of? Or are the maidsafe devs simply genuine believers in MSC who saw it as a perfect way to fund their IPO? Maybe they just didn't want to shit all over MSC holders by offering a lousy price when they expected their IPO to revitalize interest in MSC anyway? I don't know. My rule of thumb when it comes to crypto is to assume everyone is a lying thieving bastard out to con and rob as much as they can from you, until I have evidence to the contrary. A bit cynical but I'm sure you will agree is a pretty practical stance to take. But I really wanna believe in these guys and really like the project. First thing to truly capture my interest in a while. I have read a lot of articles on this so can't remember where I saw it but hasn't this been in development for like 8 years by a team of over a dozen programmers and already received $5 million in funding during that time? It was only the token system that was tacked on more recently as a way to incentivise the project, but the underlying technology supposedly has been in development since before BTC hit $1. If all this is true doesn't this give the maidsafe team a certain level of legitimacy beyond being just a pump and dump squad? And as far as saying well it can just be forked anyway because it's open source, well you can say that about BTC too, doesn't mean any of the hundreds of BTC clones is even close to dethroning it. First mover advantage is a powerful thing. I certainly don't think anyone would be applauding maidsafe for choosing the closed source route. I have no stake in this thing yet either way, and don't give 2 shits about MSC, I am just asking questions to try to separate fact from FUD. I think it's probably David Irvine is simply a gullible liberal guy who simply hasn't got a clue what he's doing, or hasn't had the time to put much thought into it and taken the advice of the mastercoin team. The worrying thing isn't the fact he's manipulated the price of mastercoin by 400% it's the fact he's saying he has to buy between 20-70% of all mastercoins ever issued for this his IPO target (fuck u prophetx) to even be possible! |
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Sorry guys thought to save anyone investing on the back of what I've said the whole thing looks mad on close inspection, I think it's a scam but in a bizzare twist it looks like the naive libertarian "business man" (I put in comas because it's clear he's only worked under funding before) has been duped by the mastercoin foundation!!
Anyway I've managed to Dump all my 700 odd mastercoin at a big loss. Looks like David the director has been conned into paying $10m usd asset issuance by mastercoin foundation scum!(equiv $1 on counterparty hahaha). Shame would have loved to invest clever guy (in one way) and great project. Hard to believe someone so clever can be so stupid but check out the facts yourselves.
Please summarize and post links to these facts we should check out ourselves? I too purchased MSC specifically for the purpose of this IPO. MSC is certainly controversial, I have never held any until today, and I would have preferred to see the funding done through XCP but if all the maidsafecoins are sold during the IPO, this in no way gives mastercoin foundation $10 million. Maidsafecoins created for this IPO will all be exactly the same thing regardless of whether you bought them with BTC or MSC. When the SAFE network launches, the maidsafecoin will be exchanged with safecoins on a 1:1 basis. If you don't want to trade or move your maidsafecoins in the meantime, you never have to touch MSC. My understanding is you will just have to wait until safecoin is launched, download masterchest, swap your maidsafecoin for safecoin, and you can forget MSC exists after that if you so desire. Simply because they are using MSC as a vehicle to hopefully raise $10 million in no way shape or form gives the mastercoin foundation $10 million. Just curious if you know something I don't or if this is FUD, because if you have further information on why I should avoid this IPO, I would greatly appreciate hearing it. . No one is giving Mastercoin Foundation $10M, that's just a completely irrational and bizarre claim. Nice imagination though. Oh OK, yes I thought it was it was made by David Irvine not me though, I'd like to invest too if everything's true and proper so would like to get to the bottom of it. Here's the quote from David that says the cost to issue the asset Msafe is $10m usd (the total number of mastercoin needed to release the assets) https://groups.google.com/forum/#!topic/maidsafe-development/j8QBYnXOYUI How would you interpret that? He is talking about the coins going to the MaidSafe Foundation, not the Mastercoin Foundation. In other words the Maidsafe foundation will be funded with about $10M in BTC and MSC, or whatever $ amount it is given the BTC exchange rate at the time assuming they sell out. Great we're nearly on the same page all the maidsafe coins will go to the foundation, where do bitcoins come into it the only way they get bitcoins is by exchanging them for the loaned bitcoins from the mastercoin foundation as stated in the same thread. So how are they paid back? theres an underhand deal right there, they're either short selling to pay back or the mastercoin foundation has said we'll trust you with these just give us some bitcoins to a value of xamount when you sell them! <<<WTF they can't do either of these things. The problem with the mastercoins going to the foundation is they've had all their value sucked out of them because the value has needlessly gone into Mastercoin project!!! it's a simple point! and it makes no sense for them to do this |
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Sorry guys thought to save anyone investing on the back of what I've said the whole thing looks mad on close inspection, I think it's a scam but in a bizzare twist it looks like the naive libertarian "business man" (I put in comas because it's clear he's only worked under funding before) has been duped by the mastercoin foundation!!
Anyway I've managed to Dump all my 700 odd mastercoin at a big loss. Looks like David the director has been conned into paying $10m usd asset issuance by mastercoin foundation scum!(equiv $1 on counterparty hahaha). Shame would have loved to invest clever guy (in one way) and great project. Hard to believe someone so clever can be so stupid but check out the facts yourselves.
Simply because they are using MSC as a vehicle to hopefully raise $10 million in no way shape or form gives the mastercoin foundation $10 million. You make a really important point here I'm also trying to get at, both mastercoin and counterparty work on top of bitcoin and the assets created can be sent to any address, therefore it would require 0 Mastercoin (except for the initial cost of creating an asset) and all bitcoins collected should end up in the hands of the issuer. (e.g. an exodus address is created in this case and tokens are distributed pro rata). Quote from David:Q) How many mastercoins are required to release the total amount of Msafe? total issue of MSAFE == 429,496,729 MSAFE per MSC == 3400 MSC required == 429,496,729 / 3400 == 126322 (not counting the bonus, which makes it a little less, but harder to explain) Quote from David:We expect most (very large part) of the fund to be BTC in the background we will use the MSC loaned to make the transfers. Just see MSC as the vehicle to make MSAFE, it's driven by BTC mainly. MSC holders can directly get MSAFE. For many people they do not need to know or care about MSC in any way, they will use BTC and get MSAFE, all our staff are doing this and ignoring MSC. changhumnotes Bold part 1 why would they mastercoin holders have a chance to liquidate large amounts of a coin that's been falling since its over inflated launch price. Bold part 2 again confirming the bizarre claim about issuance in the first quote Bold part 3 Someone should mention you're crazy for this as if what you're saying is true you're missing out on 400% profit presale because of price manipulations last week. Edit source of quotes: Maidsafe Google Dev thread: https://groups.google.com/forum/#!topic/maidsafe-development/j8QBYnXOYUI |
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Sorry guys thought to save anyone investing on the back of what I've said the whole thing looks mad on close inspection, I think it's a scam but in a bizzare twist it looks like the naive libertarian "business man" (I put in comas because it's clear he's only worked under funding before) has been duped by the mastercoin foundation!!
Anyway I've managed to Dump all my 700 odd mastercoin at a big loss. Looks like David the director has been conned into paying $10m usd asset issuance by mastercoin foundation scum!(equiv $1 on counterparty hahaha). Shame would have loved to invest clever guy (in one way) and great project. Hard to believe someone so clever can be so stupid but check out the facts yourselves.
Please summarize and post links to these facts we should check out ourselves? I too purchased MSC specifically for the purpose of this IPO. MSC is certainly controversial, I have never held any until today, and I would have preferred to see the funding done through XCP but if all the maidsafecoins are sold during the IPO, this in no way gives mastercoin foundation $10 million. Maidsafecoins created for this IPO will all be exactly the same thing regardless of whether you bought them with BTC or MSC. When the SAFE network launches, the maidsafecoin will be exchanged with safecoins on a 1:1 basis. If you don't want to trade or move your maidsafecoins in the meantime, you never have to touch MSC. My understanding is you will just have to wait until safecoin is launched, download masterchest, swap your maidsafecoin for safecoin, and you can forget MSC exists after that if you so desire. Simply because they are using MSC as a vehicle to hopefully raise $10 million in no way shape or form gives the mastercoin foundation $10 million. Just curious if you know something I don't or if this is FUD, because if you have further information on why I should avoid this IPO, I would greatly appreciate hearing it. . No one is giving Mastercoin Foundation $10M, that's just a completely irrational and bizarre claim. Nice imagination though. Oh OK, yes I thought it was it was made by David Irvine not me though, I'd like to invest too if everything's true and proper so would like to get to the bottom of it. Here's the quote from David that says the cost to issue the asset Msafe is $10m usd (the total number of mastercoin needed to release the assets) https://groups.google.com/forum/#!topic/maidsafe-development/j8QBYnXOYUI How would you interpret that? |
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I do not get Changs point - but anyway. David Johnston is more or less owning both projects (MSC and Maidsafe) with his angelfund. I think the only guy getting a somewhat strange deal in this arrangement is David Irwine, the maidsafe founder. I wondered from the beginning what he wants to do with all this mastercoins he gets. I have an educated guess who the person exchanging the bitcoins for mastercoins is http://www.safecoin.io/ - especially after sowhing his great interest in ethereum  . Don't worry no one ever gets my points: If he issued an asset on the Dex it would have have cost $1 and been painless he could have issued the assets by return to any wallets sending funds. It is the case with master coin that he's been told by the foundation he has to sell a volume of mastercoin to issue each asset. They have lent him a large amount of mastercoin to do this with! The amount he is told he needs to sell to issue all assets is between 20-70% of mastercoin in existence for the full $10m), Doesn't this seem crazy and bizzare to anyone? At the end as you say what's he going to do with all the mastercoin, he's handed over all the REAL value to the Mastercoin Foundation and he's left holding mastercoins to pay off previous investors and handle ongoing costs with. It's mad. |
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https://www.poloniex.com/exchangeXCP is on the exchange! current orderbook is good I think we need some inventory on poloniex to create a realistic market We can together make it better Welcome back from February!! |
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They don't sell the MSC. It appears that the MSC will return to the MSC guys when the fundraising is over and the BTC sent will be keep by the MaidSafe Foundation.
at the current price over half of all mastercoins in existence are required to make this exchange possible or so it seems Davids been led to believe by the Mastercoin foundation poor bloke. Sorry about your point: he states he's been lent millions of dollars of mastercoin, (I've always been told somethings worth what you can sell it for so I would say about $60k's worth at the time), He's seling these then..... WTF??? the whole arrangement doesn't make sense unless he's planning on shorting them or how would he hand back the loaned mastercoins? Maybe that's the reason to inflate the price, to shit on everyone and short sell I suppose? |
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How does XCP compare with MSC?
Snap!! for asset issuance check chart above. |
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I'm sure this isn't how Mastercoin really works or the whole project would be one big ridiculous joke, however this is what he's been tricked into believing by the foundation he has to do to issue an asset (buy a ridiculous proportion of all mastercoin in existence!!!)
https://groups.google.com/forum/#!topic/maidsafe-development/j8QBYnXOYUI How many mastercoins are required to release the total amount of Msafe? total issue of MSAFE == 429,496,729 MSAFE per MSC == 3400 MSC required == 429,496,729 / 3400 == 126322 (not counting the bonus, which makes it a little less, but harder to explain) ^^^my notes changhum^^^^That's 20% of all the Mastercoin in existence they're telling him he's got to sell to issue an asset, If he hadn't moved the price from 0.06 to the above it would be 429,496,729 / 1020 = 421071 or 68% of all mastercoins in existence required to complete his fundraiser to $10m!! SummarySell all loaned mastercoins lent by foundation - replace with tokens which represent no added value total payment to 3rd party nothing to do with project $10000000 0% of Bitcoin raised for pool A few americans drinking champagne -------------------------------------------------------------------------------------------------------------------------------- By comparison with XCP, $1 asset issuance,
Summary
Create Bitcoin burn address - Distribute assets accordingly total payment to 3rd party nothing to do with project $1 100% of Bitcoin raised for pool
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Davids Maid safe fundraiser optionsSource: https://groups.google.com/forum/#!topic/maidsafe-development/j8QBYnXOYUI How many mastercoins are required to release the total amount of Msafe? total issue of MSAFE == 429,496,729 MSAFE per MSC == 3400 MSC required == 429,496,729 / 3400 == 126322 (not counting the bonus, which makes it a little less, but harder to explain) ^^^^That's 20% of all the Mastercoin in existence they're telling him he's got to sell to issue an asset, If he hadn't moved the price from 0.06 the above would be 429,496,729 / 1020 = 421071 or 68% of all mastercoins in existence required to complete his fundraiser!! SummarySell all loaned mastercoins lent by foundation - replace with tokens which represent no added value total payment to 3rd party nothing to do with project $10000000 0% of Bitcoin raised for pool A few americans drinking champagne -------------------------------------------------------------------------------------------------------------------------------- I might be high but not as high as these high roller joker!! Why do you think there's no official thread or anyone to probe questions too? To the people I haven't bothered to reply to on this thread, sorry but if you want to be treated as normal human beings you shouldn't post such fucking retarded youtube videos. By comparison with XCP, $1 asset issuance, SummaryCreate Bitcoin burn address - Distribute assets accordingly total payment to 3rd party nothing to do with project $1 100% of Bitcoin raised for pool
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Wow just noticed how much more it is too issue Mastercoin foundation salesmen have lent David Irvine a stack of mastercoin (he believed were worth millions to sell), in effect to simply issue an asset they're charging him $10000000. https://groups.google.com/forum/#!topic/maidsafe-development/j8QBYnXOYUI A bit of fraud is going on here methinks, champagne all round but I think this is the end of Mastercoin they surely can't get away with this. Such a shame as Maid network looked interesting though you've got to wonder how credible a director David Irvine is if he's this gullible or how currupt he is if he's not! BTW: My girlfriends in I.C.U. and I went all in on Mastercoin thinking all my dreams had come true to pay hospital expenses when he tried to fix the price at 0.2 from .08, after seeing the way it moved so smovely when they fixed it from .06 to .08. Thankfully I managed to sell up in time without a loss when I realized if he get's the $10000000 he gives it away to the mastercoin foundation rather than to use for his business!! I'd say this is a pretty big scandal and as highlighted above effect real peoples lives. Unfortunately I'm not really articulate or educated enough to explain this well, but can someone look into this and have a word with him. I think this MaidSafe pump is the last time in a while that people will be able to get out of MSC at these higher prices. MSC is going nowhere. It was flawed from the start by its distribution as well. Patel think this through, the foundation have lent him "tons" of mastercoin to sell they effectively end up getting all the cash (bitcoin) he ends up getting all (worthless?) mastercoin in exchange for 8 years work, media attention, and brilliant Idea. The guys been totally suckered. It would only cost him a $1 to do the same thing through counterparty it's high level madness! |
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Wow just noticed how much more it is too issue Mastercoin foundation salesmen have lent David Irvine a stack of mastercoin (he believed were worth millions to sell), in effect to simply issue an asset they're charging him $10000000. https://groups.google.com/forum/#!topic/maidsafe-development/j8QBYnXOYUI A bit of fraud is going on here methinks, champagne all round but I think this is the end of Mastercoin they surely can't get away with this. Such a shame as Maid network looked interesting though you've got to wonder how credible a director David Irvine is if he's this gullible or how currupt he is if he's not! BTW: My girlfriends in I.C.U. and I went all in on Mastercoin thinking all my dreams had come true to pay hospital expenses when he tried to fix the price at 0.2 from .08, after seeing the way it moved so smovely when they fixed it from .06 to .08. Thankfully I managed to sell up in time without a loss when I realized if he get's the $10000000 he gives it away to the mastercoin foundation rather than to use for his business!! I'd say this is a pretty big scandal and as highlighted above effect real peoples lives. Unfortunately I'm not really articulate or educated enough to explain this well, but can someone look into this and have a word with him. |
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