The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread

[petskup]

Right,you get 100% more safecoins with mastercoins at current price (0.10) 

[1715017637]

1715017637

[ejinte]

Mastercoin just passed Nxt in market cap!

[dirvine]

Mastercoin just passed Nxt in market cap!

Maybe it is working already. Looks like great news all the same.

[crimealone]

They fix the exchange rate. One MSC for 3400 maidsafe coins. This made msc's price raise.

[bones]

MSC was always going to raise being the gateway.

If you had not previously chosen to invest in MSC, that was your decision.

A price was stated and that price is still true today and will remain so.

I see no foul play here.

[bitwhizz]

No foul play?
Before the announcement of One btc for 17000 coins and one MSC for 3400 coins, the stable price of MSC is 0.08 btc. You call this no foul play? There are huge price variance between these two! And many old heads also express their query about this! Obviously, they are manipulating the price. You hold MSC so you say: no foul play.

Its a free market..... on the topic of price manipulation, i suggest you talk to the chineese

[bones]

As long as they can honour 17000 per BTC what is the problem?

Soon MSC could be that expensive on the open market it would be hard to fill mass orders.

As long as they have planned for this, it it none of my concern how they do it.

[dirvine]

Why you fix the exchange rate just before the maidsafe ipo？Did the maidsafe's dev know about this? Don't you think that you are manipulate the market? According to maidsafe's whitepaper, it seems that the ipo's price is not fixed!!! It's according to the current market. All of my friends who meant to invest are angry. We feel like being fooled! This coin's ipo price is high. But you guys are greedy and still want to make more money! I'm really excited right now.

Greedy is something I have never been accused of. It is very much not in my nature. I gave away 100% of my shares and intend to distribute safecoin to Africa, direct to people.

Choices would have been

1: Keep the 30 day period open and let everyone throw in, then at the end tell everyone how many safecoin they purchased.
2: Fix a price and stop at  the 10% of safecoin

I initially was interested in 1, not for greed, but I believed this would set the market value in a fair way. I spoke with many holders of BTC and MSC and the overwhelming response was, I want to know how much safecoin I get for X BTC etc. I was not convinced as I thought it was price fixing.

What persuaded me though was this appears on an exchange and people can buy/sell MSAFE, so this sets the market value. The interest is huge so we feel it may be an early bird win  for the sale (not IPO). The market will set the value after this.

So the choice we made was the one likely to raise less cash initially, I cannot see how that would be considered greed.

[prophetx]

the stable price of MSC is 0.08 btc.

Please stop trolling.  The price of MSC has never been "stable" at any particular rate for any particular time.

In fact if anything since now finally MSC has some use the market cap should be higher then the $140M it was in December which would mean that the "stable price" you say should be 0.45.

[mastercoin_foundation]

Note that any posts that could be seen as market manipulation, as groundless accusations by trolls hired by trading firms, as slander or as defamation of character of any org or person shall be deleted as soon as I see them.

Keep the conversation civil, use facts, logic and the scientific method when arguing.  

Do not bear false witness.  Think about that means for at least 30 minutes.  

Thanks in advance.

Have a happy Easter weekend and 4/20 Earth Day.

[crimealone]

I'm tired. This is my last reply in this thread. It's my mistake to argue in a self-moderated. You can delete my reply as you wish.

Everyone can check the recent price of MSC. If you want to make IPO price lower, why not just set the price to 34000 coins per btc?

"In fact if anything since now finally MSC has some use the market cap should be higher then the $140M it was in December which would mean that the "stable price" you say should be 0.45."-------In december, almost every altcoin's stable price is much more higher. And it's economic bubble.

Good luck and Please remember: If thy love the property,seek for it properly,and ues it thriftily.

[crazy_rabbit]

It's nice to see a launch of an 'alt-coin' raising MSC's value. :-)

[Djinou94]

Hey what's happen to https://masterxchange.com ??
The website is off i have my MSC in order 

[jeroenn13]

Its working for me.

[Djinou94]

Yes it's ok !
What's happen to the price today? 

[prophetx]

It's nice to see a launch of an 'alt-coin' raising MSC's value. :-)

hope more project built on MSC!

we're working on it, hopefully some of the texas hackathon winners will come out as well over the summer.

[BldSwtTrs]

I don't understand how Safecoins are supposed to have any value.

Why one should exchange something valuable because of it utility (BTC or MSC) for an altcoin which have no utility? Is MaidSafe plan to have a business model one day or MaidSafe consider business model are thing of the past since "any useless altcoin have value so why not ours" ?

[vokain]

I don't understand how Safecoins are supposed to have any value.

Why one should exchange something valuable (BTC or MSC) for an altcoin which have no utility? Is MaidSafe plan to have a business model one day or MaidSafe consider business model are thing of the past since "any useless altcoin have value so why not ours" ?

I think MaidSafe is rewarding those who host decentralized storage with safecoins, and the means through which you buy/rent storage space are via Safecoins

Mr. Irvine, please correct me if I'm wrong

[BldSwtTrs]

I don't understand how Safecoins are supposed to have any value.

Why one should exchange something valuable (BTC or MSC) for an altcoin which have no utility? Is MaidSafe plan to have a business model one day or MaidSafe consider business model are thing of the past since "any useless altcoin have value so why not ours" ?

I think MaidSafe is rewarding those who host decentralized storage with safecoins, and the means through which you buy/rent storage space are through Safecoins

That would make senses* but why haven't they write that somewhere in evidence to inform the investors? (or maybe I missed it)

It's weird, they are doing an IPO but they don't even bother to explain why the shares they are selling will have any value, and no one seems to care.


*edit: actually I don't see how someone can sell storage space for Safecoin since everybody already earn free Safecoin by doing so. Right now the only way it could work is if people fool themselves by thinking Safecoin will have value. But again Safecoin should have no value until MaidSafe give a reason why it should have one.  It would make more sense to use BTC on the network so the incentives work properly.

[Chang Hum]

Why do you think the market has responded so slowly to the news the price is going to be set at 0.2, surely with $10million flowing in over the next month if that is taken as the absolute truth the market should adjust quickly close to the 0.2 value like it did with the 0.08 announcement?