Mastercoin is supposed to be at .2 all month during this fund raiser. It is a real shame that it is back down to .1. That 'fix rate' trick failed miserably. It made a very tricky market in the few days up to the launch - and then everything was bullshit. I lost a lot of money because of that bullshit move. Mastercoin can't play those games and expect no consequences. That price fixing royally favors those in the 'know' and screws honest people just trying to operate within the rules.
I am responsible in part for Chang losses. I told him all would be right with .2. I sure didn't know Irvine would close MSC funding and send the price back to .1 in the middle of the night. That was one expensive lesson. I hope Chang didn't lose as much as I did because he was rightfully apprehensive when I told him to have faith in Mastercoin. No more price fixing schemes which backfire to serious financial losses. I call bullshit!
I agree, the non-market rate for MSC was a bad deal. However, it was known prior that a limited (not unlimited) number of Maidsafe coins would be exchanged. Once that limit was hit, then all bets are off.
Nobody could have predicted the massive demand for this. The non-market rate for MSC actually accelerated demand since people realized they could acquire maidsafe at 1/2 the BTC price.
Of course, BTC purchasers aren't too happy that the MSC folk got a sweet deal.
In short, sticking to a 50/50 distribution between a MSC and BTC buyers was fair.
The big mistake I honestly believe is including the MSC folks in the deal. But that's just how the world works, BitAngels have a stake in MSC so they leveraged it in this situation.