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Author Topic: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet  (Read 554729 times)
dbt1033
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June 01, 2016, 06:54:50 AM
 #1721

https://forum.safenetwork.io/t/maidsafe-and-project-safe-moving-forward/9558/118

So the devs are out of funding and plan on dumping 24 million premine that shouldn't exist?  Come on guys... this is about the worst news we could have gotten.

This is a really good post from a MaidSafe forum member.  Supposedly, there are missing coins from the "reserve" address.  Sent to polo a month ago.

MrAnderson2h1

"Continuing the discussion from Extra MAID generated from the crowdsale1:

dirvineMaidSafeMar 17
nicklambert:
1NpScs5QhqmSeV6FZUdGUFvVVfQGbuBV3Y - 918,046167PEWFSQe4mkGbghzHbgi5MYLQic18PF4 - 3,055,6831vA1bWVQhXHhv6TQ6BX2av2UgvjsZ5976 - 5,000,0001CduoEx49uroCsc5ncHzi1Yss8AZF6MYoS - 5,000,00018TbX9MNM1Acj89CxtSGJ3y9sjeZf9JjjA - 5,000,00012i8B7P2BWT4zywCMyqmN7HpMj1RnDDhDk - 5,000,000
These coins have now been moved for security and now reside at these addresses. Just for anyone who is interested. The addresses are

1Am8qLdvRF7bZQ1eYreVY7n4vSTwHUEWrU 8,973,729
1Bona24fYY3Qx2uFcnt6eDsWqao5vo6Mez 5,000,000
133pYGsG2dDVFSsNK5RSuK7fQFmzjCNquY 5,000,000
1LLV91m8jJuaD8tavssMcNu8GdLRu8Nz2n 5,000,000

Just to keep everyone in the loop :wink:
Wow this has my brain going a thousand different ways. One of the first things that popped into my head was this above thread started at the end of last year. It appears you already sent 1M to Poloniex over a month ago (http://omnichest.info/lookupadd.aspx?address=1JXEMejykPeq41qkAKNEtPzSDCKaohHndA) What can you tell us about this?"



Sad to say, but I just sold the last of my MAID.  Good luck guys.
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June 01, 2016, 08:41:52 AM
 #1722

Response from dev team: "Well first it was not 1 million :smiley: it was 900,000 unsold coins form the crowdsale. We said the conclusion of the sale was completely horrendous, the mastercoin network was out of consensus. So the stop token was late and meant the extra Maid were already created. The sale also stopped short before the coins were all sold. It was 900,000 short. So these were simply the undersell amount, not any created in error. These should have been sold and will be."


So basically, there is a 900k coin dump imminent....

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June 01, 2016, 08:43:44 AM
 #1723

https://forum.safenetwork.io/t/maidsafe-and-project-safe-moving-forward/9558/118

So the devs are out of funding and plan on dumping 24 million premine that shouldn't exist?  Come on guys... this is about the worst news we could have gotten.

This is a really good post from a MaidSafe forum member.  Supposedly, there are missing coins from the "reserve" address.  Sent to polo a month ago.


Sad to say, but I just sold the last of my MAID.  Good luck guys.

Ethereum is mining 30% new coins this year. That's 2,5% new coins each month due to mining.
Maidsafe is selling coins which were part of the Maidsafe Foundation. These coins exist since 2014 and are part of the 452.552.412 as showed on Coinmarketcap



So there are no new coins printed/mined or whatever. The thing some people worry about is new coins coming to market. Well, 19 million coins is 4,19% of the total available coins. If they bring these to market spread over 6 months that 0,7% "new coins" per month, still way below the monthly 2,5% ETH that get mined and brought in existence, and only for 6 months. And I even believe they will take more time than 6 months. So yeah, feel free to sell whatever. I just keep my coins and maybe even buy some more today. This is just panic selling from some poorly informed people that don't follow the project that much.
 
Quote
The Foundation has these MaidSafeCoins as a result of a technical issue with the Master Protocol (now Omni protocol) that resulted in an over issuance during the crowdsale. These coins are, and have been, calculated as part of the safecoin market capitalisation, though they have not been put into circulation. The existence of these MaidSafeCoins has been known about since the crowdsale, and what to do with them has been discussed amongst the broader community on the SAFE Network forum.    

Link to the article on the Maidsafe blog
Link to the discussion topic on the forum
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June 01, 2016, 08:49:36 AM
 #1724

https://forum.safenetwork.io/t/maidsafe-and-project-safe-moving-forward/9558/118

So the devs are out of funding and plan on dumping 24 million premine that shouldn't exist?  Come on guys... this is about the worst news we could have gotten.

This is a really good post from a MaidSafe forum member.  Supposedly, there are missing coins from the "reserve" address.  Sent to polo a month ago.


Sad to say, but I just sold the last of my MAID.  Good luck guys.

Ethereum is mining 30% new coins this year. That's 2,5% new coins each month due to mining.
Maidsafe is selling coins which were part of the Maidsafe Foundation. These coins exist since 2014 and are part of the 452.552.412 as showed on Coinmarketcap



So there are no new coins printed/mined or whatever. The thing some people worry about is new coins coming to market. Well, 19 million coins is 4,19% of the total available coins. If they bring these to market spread over 6 months that 0,7% "new coins" per month, still way below the monthly 2,5% ETH that get mined and brought in existence, and only for 6 months. And I even believe they will take more time than 6 months. So yeah, feel free to sell whatever. I just keep my coins and maybe even buy some more today. This is just panic selling from some poorly informed people that don't follow the project that much.
 
Quote
The Foundation has these MaidSafeCoins as a result of a technical issue with the Master Protocol (now Omni protocol) that resulted in an over issuance during the crowdsale. These coins are, and have been, calculated as part of the safecoin market capitalisation, though they have not been put into circulation. The existence of these MaidSafeCoins has been known about since the crowdsale, and what to do with them has been discussed amongst the broader community on the SAFE Network forum.    

Link to the article on the Maidsafe blog
Link to the discussion topic on the forum


This is why I sold.  Good timing devs.  

The buy book is so thin...if BTC starts pumping, it will only make matters worse.
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June 01, 2016, 08:52:49 AM
 #1725

Response from dev team: "Well first it was not 1 million :smiley: it was 900,000 unsold coins form the crowdsale. We said the conclusion of the sale was completely horrendous, the mastercoin network was out of consensus. So the stop token was late and meant the extra Maid were already created. The sale also stopped short before the coins were all sold. It was 900,000 short. So these were simply the undersell amount, not any created in error. These should have been sold and will be."


So basically, there is a 900k coin dump imminent....



Thanks for the heads up. I couldn't understand why maid was crashing and I was considering catching the falling knife. Now I'm better informed I will wait longer before considering catching the falling knife again.
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June 01, 2016, 08:56:12 AM
 #1726

Response from dev team: "Well first it was not 1 million :smiley: it was 900,000 unsold coins form the crowdsale. We said the conclusion of the sale was completely horrendous, the mastercoin network was out of consensus. So the stop token was late and meant the extra Maid were already created. The sale also stopped short before the coins were all sold. It was 900,000 short. So these were simply the undersell amount, not any created in error. These should have been sold and will be."


So basically, there is a 900k coin dump imminent....



Thanks for the heads up. I couldn't understand why maid was crashing and I was considering catching the falling knife. Now I'm better informed I will wait longer before considering catching the falling knife again.

So you buy that FUD  Grin Feel free to do so, I will probably buy some more today.

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June 01, 2016, 09:02:48 AM
 #1727

Shit, the Mastercoin disaster now comes back in the form of Maidsafe.
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June 01, 2016, 09:03:04 AM
 #1728



Here's a long interview with Maidsafe founder David Irvine

Enjoy!
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June 01, 2016, 09:09:15 AM
 #1729

Shit, the Mastercoin disaster now comes back in the form of Maidsafe.

It's much worse this time.  Fudstorm to come.

Look at what happened to mastercoin....  Maid next
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June 01, 2016, 09:09:42 AM
 #1730

Response from dev team: "Well first it was not 1 million :smiley: it was 900,000 unsold coins form the crowdsale. We said the conclusion of the sale was completely horrendous, the mastercoin network was out of consensus. So the stop token was late and meant the extra Maid were already created. The sale also stopped short before the coins were all sold. It was 900,000 short. So these were simply the undersell amount, not any created in error. These should have been sold and will be."


So basically, there is a 900k coin dump imminent....



Thanks for the heads up. I couldn't understand why maid was crashing and I was considering catching the falling knife. Now I'm better informed I will wait longer before considering catching the falling knife again.

So you buy that FUD  Grin Feel free to do so, I will probably buy some more today.



Watch the shitshow unfold:

https://forum.safenetwork.io/t/maidsafe-and-project-safe-moving-forward/9558/164


Set your buys around 3k satoshi, you'll get more.
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June 01, 2016, 03:35:18 PM
 #1731

Quote
The Foundation has these MaidSafeCoins as a result of a technical issue with the Master Protocol (now Omni protocol) that resulted in an over issuance during the crowdsale.

The existence of these MaidSafeCoins has been known about since the crowdsale, and what to do with them has been discussed amongst the broader community on the SAFE Network forum.    

It's the Dash Instamine all over again; a stunning display of incompetence, malfeasance, or both.

"Oops, we accidentally too many coins....OH WELL BETTER KEEP THEM ANYWAY BECAUSE OF REASONS."


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Monero
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whether we have a dictatorship or a real democracy." 
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June 01, 2016, 04:32:50 PM
 #1732

its time to sell or HODL? =ooo
i dont understand what is going on...but... im making a wall buy soon.
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June 01, 2016, 07:55:08 PM
 #1733

its time to sell or HODL? =ooo
i dont understand what is going on...but... im making a wall buy soon.

Why would you HODL?  Only HODL if you are in a short position.  Otherwise, this is going to 3k.  Fast. 

The dev team is out of money and incredibly incompetent. 

Buy walls?  Don't catch the falling knife.  There will be blood.
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June 01, 2016, 08:04:19 PM
 #1734

Quote
The Foundation has these MaidSafeCoins as a result of a technical issue with the Master Protocol (now Omni protocol) that resulted in an over issuance during the crowdsale.

The existence of these MaidSafeCoins has been known about since the crowdsale, and what to do with them has been discussed amongst the broader community on the SAFE Network forum.    

It's the Dash Instamine all over again; a stunning display of incompetence, malfeasance, or both.

"Oops, we accidentally too many coins....OH WELL BETTER KEEP THEM ANYWAY BECAUSE OF REASONS."

It is the DASH instamine all over again;  only this time, otoh and masternode aren't pumping btc in to the market to save face.

No market makers are in maid because of shit just like this.
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June 02, 2016, 12:17:20 AM
 #1735

its time to sell or HODL? =ooo
i dont understand what is going on...but... im making a wall buy soon.

Why would you HODL?  Only HODL if you are in a short position.  Otherwise, this is going to 3k.  Fast. 

The dev team is out of money and incredibly incompetent. 

Buy walls?  Don't catch the falling knife.  There will be blood.

I am shorting Maid on Polo right now, no need for me to spread FUD, I think this coin will tank nicely without any intervention.
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June 02, 2016, 01:18:27 AM
 #1736

Response from dev team: "Well first it was not 1 million :smiley: it was 900,000 unsold coins form the crowdsale. We said the conclusion of the sale was completely horrendous, the mastercoin network was out of consensus. So the stop token was late and meant the extra Maid were already created. The sale also stopped short before the coins were all sold. It was 900,000 short. So these were simply the undersell amount, not any created in error. These should have been sold and will be."


So basically, there is a 900k coin dump imminent....



Thanks for the heads up. I couldn't understand why maid was crashing and I was considering catching the falling knife. Now I'm better informed I will wait longer before considering catching the falling knife again.

So you buy that FUD  Grin Feel free to do so, I will probably buy some more today.



Watch the shitshow unfold:

https://forum.safenetwork.io/t/maidsafe-and-project-safe-moving-forward/9558/164


Set your buys around 3k satoshi, you'll get more.

I was expecting to see a shit storm too.  But apparently bag holders have yet to take off their rose colored glasses.  Reminds me of those Branch Dividians in Waco.  We all know how that turned out.  Well hopefully investors  see the writing on the wall soon so i dont get margin called, eek.
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June 02, 2016, 01:38:08 AM
 #1737

lol wow.

k done and dumped it Smiley

sorry maid, have a nice life (of nothingness)

www.dlsag.com ~ 1ex.trade
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June 02, 2016, 02:56:25 AM
 #1738

crisis = opportunity
NOW IS THE TIME TO BUY.

"One can only solve so much with cryptography. The rest of the solution will prove to be economic in nature." -Evan Duffield
Dash is Digital Cash.  https://www.dash.org
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June 02, 2016, 05:08:57 AM
 #1739

To everyone saying 'set buys @ 3k sat' - what makes you think the price will rise again?  Could just be a clever exit strategy by the devs...milking every last satoshi before coin death  Undecided
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June 02, 2016, 05:09:47 AM
 #1740

The ipo has ended ,missed the train Huh Huh
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