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Author Topic: MasterCoin Buyer/Seller Thread  (Read 225170 times)
Herp
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January 08, 2014, 05:14:20 PM
 #2901


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.


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1513034357
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TKeenan
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January 08, 2014, 05:15:16 PM
 #2902

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
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January 08, 2014, 05:17:16 PM
 #2903

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!


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TKeenan
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January 08, 2014, 05:19:12 PM
 #2904

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.
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January 08, 2014, 05:21:52 PM
 #2905

I REALLY wish I had made this thread self-moderated Sad

Here's another PM exchange:

Quote
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!

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January 08, 2014, 05:23:34 PM
 #2906

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?
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January 08, 2014, 05:27:05 PM
 #2907

I REALLY wish I had made this thread self-moderated Sad
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
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January 08, 2014, 05:27:22 PM
 #2908

Quote
Hi,JR,  Some friends around me complained a long time that the price of MSC is too high(0.14BTC, damn it,LOL Grin Grin) 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
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January 08, 2014, 05:27:45 PM
 #2909

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.

Herp
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January 08, 2014, 05:32:44 PM
 #2910

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 a couple months ago.

He obviously has a day coder job that pays well atm. He needs to sell these coins so that he can support himself and family for a year or two as he won't get paid. He will only sell 3-6% of his Mastercoin holdings.

Also you might wanna check this reddit posted today http://www.reddit.com/r/mastercoin/comments/1upjln/the_mastercoin_foundation_is_looking_for_a_cto/
They are looking to hire a CTO. Project is very much alive and kicking, so very much the very opposite of what you're implying.


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dacoinminster
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January 08, 2014, 05:33:45 PM
 #2911

Quote
J.R.,

I just noticed this. I think it is the chance to me. I heard Mastercoin in Oct., 2013, but the wallet was not ready yet, so I gave up at that time. I think I have to grab the chance this time. So I want to buy  1000 MSC at 0.1 BTC price from you. If you want to make the deal, let me know. Thank you.


That's a big order! But the price would have to stay around 0.1 for a long time before I would sell that low. You can see other quotes I have made people in the thread. I quoted somebody else 0.17 for 1000 MSC. Thanks!

Herp
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January 08, 2014, 05:34:49 PM
 #2912

They have also upped the bounty to $10k for the first established exchange that supports Mastercoin.


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TKeenan
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January 08, 2014, 05:35:26 PM
 #2913

Something isn't right. Because saying you need 1500btc to cover your taxes sounds fishy.
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 a couple months ago.
Yeah, to me too.  Nobody who has a real job actually gets paid enough to have a $1million tax bill.  Maybe his rich uncle just died and left a shitload of capital gains in his lap.  Who knows.  Either way, Exodus buyers should have been forced into a 'lock-out' scheme to prevent this kind of market crash.  

For example the top 20 buyers should have been limited to MSC sales of no more than 2% of their holdings.  Founders who take early profits on project excitement - completely destroy the project.  In this thinly traded market - the problem of large founder dumps is multiplied by a large number.  

Can we retroactively enforce some 'lock-out' plan?  In view of JR's biased position, can we have the board consider this?
Herp
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January 08, 2014, 05:36:57 PM
 #2914

Still, it makes no sense for the founder of Mastercoin to announce publicly he wants to sell his coins.

It's such a dumb move, if you want to do something like that, do it silently across all the exchanges little at a time. He pretty much set a price ceiling of 0.2

Yeah he did but as soon as he sells off the desired amount that ceiling will quickly vanish.


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dacoinminster
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January 08, 2014, 05:37:02 PM
 #2915

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.



There are actually a lot of reasons, but the biggest is my wife. I would have been full-time on MSC a LONG time ago, but she is very risk adverse. I've posted about this many times before. I need to show her this is REAL and not just "magic internet money" Smiley

TKeenan
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January 08, 2014, 05:37:10 PM
 #2916

Still, it makes no sense for the founder of Mastercoin to announce publicly he wants to sell his coins.
It's such a dumb move
Precisely why 'lock out' agreements are made.  
dacoinminster
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January 08, 2014, 05:41:46 PM
 #2917

Quote
I ever purchased MSC by The Exodus Address. Now I have interest to purchase your MSC outside Macket.

The trade volume is about 100 to 500 MSCs,depending on the price.

If you start it, let me know.

In line with other quotes I've been giving people, that would be 0.2 BTC/MSC for 100 MSC or 0.18 BTC/MSC for 500 MSC. Thanks!

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January 08, 2014, 05:42:25 PM
 #2918

There are actually a lot of reasons, but the biggest is my wife. I would have been full-time on MSC a LONG time ago, but she is very risk adverse. I've posted about this many times before. I need to show her this is REAL and not just "magic internet money" Smiley
You need to be the man and sort her out.  She'll thank you later when she is filthy rich.  We all know the MSC concept is pure gold.  Now go build the god-damned thing with confidence.  

"Honey, I don't want you to go Bison hunting today - it is too dangerous"
"But if I don't go hunting for Bison, we'll spend the rest of our lives like the French eating snails"


Man up JR.  She'll be happy later.

We all took a risk on MSC - now put on man pants and go build it.  
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January 08, 2014, 05:45:18 PM
 #2919

OK. That's all the PMs for now. Most of these people were probably hoping for a better deal, but if these all go through, I may be done selling for a long time.

It is entirely possible that I won't even get a chance to post any of these on the exchanges. How weird is that . . .

Thanks guys. I'll communicate with these buyers, and let you know if I start quoting different prices.

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January 08, 2014, 06:48:08 PM
 #2920

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

Thanks for the kind words Smiley We are trying to do everything users ask for, and what we think makes the GUI better.

There is still a ton of little things that we got to do !

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