MasterCoin Buyer/Seller Thread

[peled1986]

DarkEmi i like the change you made to masterxchange
keep up the good work!

[Herp]

DarkEmi i like the change you made to https://masterxchange.com/market.php
keep up the good work!

What change is that?

[TKeenan]

I don;t get the panic, all this means is that JR will own less, and masteroin is gradually being less decentralised, this is great!

Too little, too late.

If mastercoin achieves what it could based on the idea. RIght now isn;t late, right now is really early for JR to be releasing the coins,

In normal investment deals, founders are 'locked out' from selling founder shares for a very long time after start up to prevent this sort of crash.  Looks like MSC WAS actually nothing more than a 'pump and dump' all this time.  What a shame.

[Herp]

I don;t get the panic, all this means is that JR will own less, and masteroin is gradually being less decentralised, this is great!

Too little, too late.

If mastercoin achieves what it could based on the idea. RIght now isn;t late, right now is really early for JR to be releasing the coins,

In normal investment deals, founders are 'locked out' from selling founder shares for a very long time after start up to prevent this sort of crash.  Looks like MSC WAS actually nothing more than a 'pump and dump' all this time.  What a shame.

Are you trying to buy on the cheap? I'm sorry you've missed the boat at 0.1. Get on with it.

p.s: he's only selling 3-6% of his stake; a move which will benefit Mastercoin a lot.

[dacoinminster]

Sorry to send the market bouncing around guys! Most of you seem to get what is going on here, but for those who have any question about my commitment to the project, here is a clarification I just posted on reddit:

Edit:

I'm sorry that the post above did not adequately convey my excitement to get a chance to work on Mastercoin full-time! Ripper is completely correct in his posts below. I have taken a lot of criticisim for not diversifying in the past, and now I am finally doing so, with the added benefit of getting to work on my passion full-time.

As for the concern that people would dump coins on the market and then try to buy them back cheaply from me, I will not sell in such a situation. The price would have to stay down for a long time before I would accept it as a new market equilibrium. I'm very sensitive to the lack of volume on our exchanges, so I'm prepared to wait a long time for the right buyer(s) to come along. There will be no "dumping".

Please keep in mind that this is only a tiny fraction of the Mastercoins I have, and the ONLY reason I'm selling them is to pay pressing bills and get more time in on Mastercoin. I am so excited to be a part of this, and I MUST get more involved!

Thanks!

[Herp]

Sorry to send the market bouncing around guys! Most of you seem to get what is going on here, but for those who have any question about my commitment to the project, here is a clarification I just posted on reddit:

Edit:

I'm sorry that the post above did not adequately convey my excitement to get a chance to work on Mastercoin full-time! Ripper is completely correct in his posts below. I have taken a lot of criticisim for not diversifying in the past, and now I am finally doing so, with the added benefit of getting to work on my passion full-time.

As for the concern that people would dump coins on the market and then try to buy them back cheaply from me, I will not sell in such a situation. The price would have to stay down for a long time before I would accept it as a new market equilibrium. I'm very sensitive to the lack of volume on our exchanges, so I'm prepared to wait a long time for the right buyer(s) to come along. There will be no "dumping".

Please keep in mind that this is only a tiny fraction of the Mastercoins I have, and the ONLY reason I'm selling them is to pay pressing bills and get more time in on Mastercoin. I am so excited to be a part of this, and I MUST get more involved!

Thanks!

+1

[dacoinminster]

I'm getting a ton of PMs from interested buyers. This is very good

[dacoinminster]

I'm going to start posting my answers to PMs here for transparency:

Hi,

What price do you have in mind for less than 100 btc trades?

I'm sticking with 0.2 BTC/MSC for now, since the price was there for a long time. If the price stays lower for a few days, I'll go lower.

Hi Mr Mastercoin

I am the guy who -------. I want konw if I want to buy some of your mastercoins which worth 100 BTC,what is the price in MSC/BTC?

cheers

-----

(first I sent same answer)
Then:
Oh sorry, you said 100 BTC. I'd probably give a 20% discount for an order that large, so 0.18 BTC/MSC, assuming you are buying for the long term!
Then:
Sorry, in too much of a hurry. I meant to say a 10% discount, not 20%. 0.18 BTC/MSC for a 100 BTC order.

[P2PTerminate]

Sorry to send the market bouncing around guys! Most of you seem to get what is going on here, but for those who have any question about my commitment to the project, here is a clarification I just posted on reddit:

Edit:

I'm sorry that the post above did not adequately convey my excitement to get a chance to work on Mastercoin full-time! Ripper is completely correct in his posts below. I have taken a lot of criticisim for not diversifying in the past, and now I am finally doing so, with the added benefit of getting to work on my passion full-time.

As for the concern that people would dump coins on the market and then try to buy them back cheaply from me, I will not sell in such a situation. The price would have to stay down for a long time before I would accept it as a new market equilibrium. I'm very sensitive to the lack of volume on our exchanges, so I'm prepared to wait a long time for the right buyer(s) to come along. There will be no "dumping".

Please keep in mind that this is only a tiny fraction of the Mastercoins I have, and the ONLY reason I'm selling them is to pay pressing bills and get more time in on Mastercoin. I am so excited to be a part of this, and I MUST get more involved!

Thanks!

I strongly support your decision. As i said, the more people get MSC, the more success MSC will be. I missed the MSC Eoxdus time, I do not want to miss this selling time from you. We are gathering a group to buy from you, be patient, it will not affect the market price, we can make a deal in a very good price for all of us, it is a win-win method which will stable the market.

Group buying start here: https://bitcointalk.org/index.php?topic=405171.new#new

[TKeenan]

Those who were involved in the project were too busy to fool people based on their skills in Google's SEO (buymastercoin.org).

Yeah, that fucking buymastercoin.org was a serious blight on the whole project.  Fuck those guys.  Takes one filthy pig to shit in the food trough and fuck it up for everyone. 

[TKeenan]

I'm getting a ton of PMs from interested buyers. This is very good

Then sell your lot and end the madness.  This slide will take forever to recover.  Now get to work as the CEO and ORGANISE a decent plan to success.  You have the most to lose and the most to gain.  Quit fucking about.

[Herp]

Those who were involved in the project were too busy to fool people based on their skills in Google's SEO (buymastercoin.org).

Yeah, that fucking buymastercoin.org was a serious blight on the whole project.  Fuck those guys.  Takes one filthy pig to shit in the food trough and fuck it up for everyone.  

You've quoted yourself you twat. I didn't post that. You really are a manipulative ass.

[TKeenan]

only selling 3-6% of his stake; a move which will benefit Mastercoin a lot.

6% of JR's holdings amounts to far more than the entire markets sales for the last two months.  It is a HUGE amount.  The price crash is going to be very deep.  I doubt he'd be able to get .07 for 1000MSC.

[Herp]

only selling 3-6% of his stake; a move which will benefit Mastercoin a lot.

6% of JR's holdings amounts to far more than the entire markets sales for the last two months.  It is a HUGE amount.  The price crash is going to be very deep.  I doubt he'd be able to get .07 for 1000MSC.

He just said he wants around 0.2 for his coins. 0.07? Please. Dream on.

It's pretty obvious what you're trying to do here. Fuck off!

[TKeenan]

You've quoted yourself you twat. I didn't post that. You really are a manipulative ass.

Check again you moron - I didn't post the original content quoted.  Dumbass.

[dacoinminster]

I REALLY wish I had made this thread self-moderated

Here's another PM exchange:

I want to buy 1000 MSC, ask what you can offer to the price?

That's a large buy! For under 100 BTC I'm quoting 0.2 BTC/MSC. For an order that large, I'd do 0.17 BTC/MSC.

Thanks!

[TKeenan]

only selling 3-6% of his stake; a move which will benefit Mastercoin a lot.

6% of JR's holdings amounts to far more than the entire markets sales for the last two months.  It is a HUGE amount.  The price crash is going to be very deep.  I doubt he'd be able to get .07 for 1000MSC.

He just said he wants around 0.2 for his coins. 0.07? Please. Dream on.

It's pretty obvious what you're trying to do here. Fuck off!

I am not talking about what 'he wants' I am talking about what 'he'll get' - big difference.  With the lack of confidence now surrounding the project - it is tainted for sure.  This is a disaster.  MSC is a disaster.  Of course, anyone could have predicted this as any system set up with no CEO/leader - is bound to aimlessly go nowhere.  Look at all the competitor projects with leaders - in a very short time, they caught up and passed MSC.  While the foundation took $100,000s and just threw them around as 'development coins' - with no real work or return being demanded - 'to attract more coders'.  Silly waste of funds / no leadership.  Is it a wonder NXT is going to eat MSC's lunch?

[TKeenan]

I REALLY wish I had made this thread self-moderated

Censorship is evil.  I REALLY wish you wouldn't delete posts.  If someone posts a death threat which is credible - maybe then it is OK - otherwise one should refrain from moderating the communities opinion.  Clever guys like Klee know how to use the 'ignore' button.  Let them rely upon that.  But for one person to singly prevent others from hearing what another what them to hear - is pure corruption.  Please refrain from censorship until it hurts.

[dacoinminster]

Hi,JR,  Some friends around me complained a long time that the price of MSC is too high(0.14BTC, damn it,LOL ) despite the fact that the formal MSC wallet is invisible.
Now they are very glad to learn about your words that " For very large purchases (100 BTC+), I may consider selling slightly below market".
My friends want to invest almost 100 BTC in MSC and entrust me to buy some MSC from you. The final volume of MSC will depend on the price you can offer. please let me know your offer!
Best regards!
----

So far I have given these quotes:

0.2 BTC for under 100 BTC order
0.18 for a 100 BTC order
0.17 for a 1000 MSC order

I guess that means I should quote you 0.19 for this almost 100 BTC order . . .

Thanks!

[Patel]

Something isn't right. Because saying you need 1500btc to cover your taxes sounds fishy.

Either he lost faith in his project, and he wants to get his initial investment back.

Or

He was to get his initial investment back, so even if Mastercoin completely fails, or it succeeds, he won't have lost anything.

But the tax reason sounds fishy, unless he owes more than $1 million in taxes. Which could be true, but I highly doubt.

He also said before that he wasn't going to sell a single MSC until 0.7, and that was less than 2 months ago. So a tax bill of 1million+ just suddenly appeared? Yeah right. This is a slap in the face to any investors of MSC who bought after the exodus investment opportunity, people were buying at 0.15+ the whole time, now the bids are barely at 0.15.