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Author Topic: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet  (Read 530030 times)
RawDog
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May 02, 2014, 03:48:38 AM
 #741

What do you think he intended?  It's shows a racist idiot (rawdog) claiming he's an official representative of this coin, which is indeed totally embarrassing for those involved and a warning for those who are thinking about investing.
I didn't actually claim to be a representative.  Someone said I was the representative for MaidSafe - which made me laugh.  Nobody with even a tiny brain could come to such a conclusion.  But with a heavy load of sarcasm and irony - I wrote 'I am an official MaidSafe rep'.  That is humor.  Bad humor; but humor all the same.  Nobody who can parse even the simplest thread could understand that as an indication that I actually have anything to do with MaidSafe.  ChangHum aka WayHungLo that yellow belly panic fucker knows I lost my ass on MaidSafe.  700 MSC worth at about .12 - .16.  I hate those fucking idiots at MaidSafe who think it is OK to change the rules in the middle of the game.  Fuck MaidSafe.  

But after my careful review, I found out they did it because 1) things are complex; 2) they didn't think it through clearly; 3) things went too fast; 4) some systems are hard to predict; 5) about 5 other things.  But I didn't not find any clear indication of scamming by knowing parties.  I think Irvine fucked up.  I think MSC devs fucked up.  But not critically.  They should have put just a few more controls in place.  But this stuff is new.  So I fucking lost money just like HangWayLo - but I am not a yellow belly crying bitch like him.  I take my licks and move on.  ChangHum will bitch all day long - despite not having any real proof there was bad intent rather than genuine error.  Fuck him.  He is a world class pussy and he shouldn't be in system which are new but not perfect.  He should go buy some German bonds for investment.  

As for racism - all you stupid jackoffs who think you are not racist are just fucking dumb.  All humans are racist.  Jews are the most racist of them all - way to go Stirling!  Blacks are racist too.  It is human nature.  You don't like humans?  Don't complain to me - take it up with your maker.  

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May 02, 2014, 03:50:22 AM
 #742

JESUS CHRIST ARE YOU ALL REALLY THIS INCREDIBLY STUPID???!!!!
Fucking Chinese idiot.  time for you to shut the fuck up.  Your game is run.  Your story is bullshit and no one is buying it any longer.  MasterProtocol made a small fuck up.  It is over.  Next IPO these guys do will be 100% perfect.  They are a good team.  Although they owe me 700MSC.  Fuckers. 


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May 02, 2014, 03:53:47 AM
 #743

At the bare minimum they need to acknowledge clearly that one party of people were able to acquire safecoins significantly cheaper than the other party of people at the same time.
This happens all the time when professional investment banks - such as Morgan Stanley do IPOs.  Don't believe me? What about Facebook?  The difference is, at MasterProtocol it wasn't intentional - they just had a situation which was hard to predict.  Without proof of bad intent, I'd say MasterProtocol team merely made an error rather than intentionally screwing anyone.  Those guys would give anything to be able to do it all over again.  I am pretty sure of that.

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May 02, 2014, 04:51:48 AM
 #744

The entire market for maidsafe is $22700 (52.4(bitcoins on buy orders)*434(bitcoin price)

The money raised is being used to buy real estate: http://metaquestions.me/2014/05/01/surviving-a-crowd-sale/

You have no claim on the real estate.

Only 0.75% of the original investment pool is retrievable at this moment (22700/3000000)*100

Mastercoiners have a 62% chance of being the first to "cash grab" the 0.75%, as they have a 62% stake in Maidsafecoins for contributing nothing more than an extra layer of fraud to an already heavily fraudulent fundraising event.
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May 02, 2014, 05:04:28 AM
 #745


so lets do this

One way would be to send a % of BTC back to the BTC addresses to make equal to MSC.  Lets see how legit they are.


We will call this Proof of Legitimacy. POL.

Crypto are unique in that we have a mechanism that is open, and relatively easy to do so that all IPO people in BTC can be put back to actual MSC / BTC rate. MS even have the list of all BTC addresses.

This would probably set MS apart from all other IPO's, in the world, ever, and set a precedent of all IPO in crypto in the future. It would set the bar. It would also make MS be legit, and avoid endless scam at ts genesis.

What will MS's IPO POL be, 0 or 100%, its not like they cant do this thing. They admit they were is error.


+1
If unfair price was a fact. they should try to fix it.

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Hollowman338
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May 02, 2014, 05:23:17 AM
 #746

I'm just here for the gangbang.  I have no stake in maidsafe or mastercoin.
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May 02, 2014, 05:31:50 AM
 #747

I'm just here for the gangbang.  I have no stake in maidsafe or mastercoin.

sorry I would edit previous posts but would be a bit wordy to change to "you're all fucking idiots here with the exception of one fellow who's just here for the gang bang"
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May 02, 2014, 08:05:41 AM
 #748

The big problem here is that MaidSafe Team was also scammed by MSC... Now they're holding 20% of total MSC supply... and practically that's worth nearly nothing...
The only winners are MSC big holders, who dumped their useless coins.

They wanted over $6 million, but they raised "only" $3 million. This could lead to a liquidity problem or to a second round of crowsale... who knows.

At this stage I think they can't do anything to help themselves or BTC users. If they try to compensate BTC users "printing" more MaidSafe for them, would be really unfair for the BTC users who bought MSC for the "promotion".
Also remember that a lot of BTC users were burned because they bought MSC at ~0.15 and because they got 3h late, now they are with a 50% loss. Even worse, if they bought a big quantity, now they can't dump them, because only $50k in MSC orderbooks. Sadly, they're now bagholders.


The rules were clear before the start. Stop being denial, was our fault for not doing proper calculations before investing. All was public and MSC sales were closed after 3 hours, so we could have avoided this IPO "scam".
Easier said than done... I also lost money. However now I'm happy, because I took a loss, but I'm holding my precious bitcoins again.
It was scary as hell that after IPO ended some people were dumping their MAID at -50% value (bitcoin IPO), just after bitcoin crowdsale being funded in only 48h.


The average IPO sale was around ~2,300 satoshis, but remember that some guys are able to dump at ~1,300 without loses.
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May 02, 2014, 08:15:42 AM
 #749

The big problem here is that MaidSafe Team was also scammed by MSC... Now they're holding 20% of total MSC supply... and practically that's worth nearly nothing...
The only winners are MSC big holders, who dumped their useless coins.

They wanted over $6 million, but they raised "only" $3 million. This could lead to a liquidity problem or to a second round of crowsale... who knows.

At this stage I think they can't do anything to help themselves or BTC users. If they try to compensate BTC users "printing" more MaidSafe for them, would be really unfair for the BTC users who bought MSC for the "promotion".
Also remember that a lot of BTC users were burned because they bought MSC at ~0.15 and because they got 3h late, now they are with a 50% loss. Even worse, if they bought a big quantity, now they can't dump them, because only $50k in MSC mastercoins. Sadly, they're now bagholders.


The rules were clear before the start. Stop being denial, was our fault for not doing proper calculations before investing. All was public and MSC sales were closed after 3 hours, so we could have avoided this IPO "scam".
Easier said than done... I also lost money. However now I'm happy, because I took a loss, but I'm holding my precious bitcoins again.
It was scary as hell that after IPO ended some people were dumping their MAID at -50% value (bitcoin IPO), just after bitcoin crowdsale being funded in only 48h.


The average IPO sale was around ~2,300 satoshis, but remember that some guys are able to dump at ~1,300 without loses.

Yeah I think that was all me and I was in Bitcoin to begin with and still made about 5 bitcoin profit out of this whole thing!
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May 02, 2014, 08:18:54 AM
 #750

"This gave us cause for concern, but experts in the field reassured us the MSC part of sale would be minimal."

They can't expect this when offering a 3:1 better offer when paying with MSC.
The question is, are they idiots or liying?


"Days before the sale we found out the loan amount of MSC would not cover the bitcoin part of the sale, this floored us. A date was set, we had done loads of meetings, talks and interviews stating this. Was MaidSafe going to fail in such a huge step? No we were determined not to. It was suggested we could set the MSC -> BTC rate at 0.3 or 0.4 which we read and nearly collapsed. This was 3 or 4 times market value, how would this be possible. We were convinced to set a rate of 0.2 and the sale could be funded to make sure BTC holders were covered. Again it was stated that MSC would not be above 25% of the sale."

I have no words for this  Shocked Shocked Shocked

Source: http://metaquestions.me/2014/05/01/surviving-a-crowd-sale/
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May 02, 2014, 08:23:44 AM
 #751

"This gave us cause for concern, but experts in the field reassured us the MSC part of sale would be minimal."

They can't expect this when offering a 3:1 better offer when paying with MSC.
The question is, are they idiots or liying?


"Days before the sale we found out the loan amount of MSC would not cover the bitcoin part of the sale, this floored us. A date was set, we had done loads of meetings, talks and interviews stating this. Was MaidSafe going to fail in such a huge step? No we were determined not to. It was suggested we could set the MSC -> BTC rate at 0.3 or 0.4 which we read and nearly collapsed. This was 3 or 4 times market value, how would this be possible. We were convinced to set a rate of 0.2 and the sale could be funded to make sure BTC holders were covered. Again it was stated that MSC would not be above 25% of the sale."

I have no words for this  Shocked Shocked Shocked

Source: http://metaquestions.me/2014/05/01/surviving-a-crowd-sale/

Exactly are they idiots or lying?

The more you read about this the more bizzare it get's. What I find staggering is that so far it seems like you, me and the author of the article in my sig are pretty much the only people to see this clearly.

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May 02, 2014, 08:33:44 AM
 #752

"This gave us cause for concern, but experts in the field reassured us the MSC part of sale would be minimal."

They can't expect this when offering a 3:1 better offer when paying with MSC.
The question is, are they idiots or liying?


"Days before the sale we found out the loan amount of MSC would not cover the bitcoin part of the sale, this floored us. A date was set, we had done loads of meetings, talks and interviews stating this. Was MaidSafe going to fail in such a huge step? No we were determined not to. It was suggested we could set the MSC -> BTC rate at 0.3 or 0.4 which we read and nearly collapsed. This was 3 or 4 times market value, how would this be possible. We were convinced to set a rate of 0.2 and the sale could be funded to make sure BTC holders were covered. Again it was stated that MSC would not be above 25% of the sale."

I have no words for this  Shocked Shocked Shocked

Source: http://metaquestions.me/2014/05/01/surviving-a-crowd-sale/

Exactly are they idiots or lying?

The more you read about this the more bizzare it get's. What I find staggering is that so far it seems like you, me and the author of the article in my sig are pretty much the only people to see this clearly.



I think they are idiots that thought they could get away with it and end up lying their way out of it.

This whole IPCO was just a big scam and I would advise people to keep their money away from maidsafe.

The level of incompetence is absurd.. If they honestly didn't understand how the IPCO would go down, I would never ever trust them with my money.. You don't need to have a major in economics to see this coming, just have something(anything) inside your head.
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May 02, 2014, 08:52:45 AM
 #753

Too bad they didn't just allow BTC's, then it would have been equal for everyone AND they would have received more money.

The level of incompetence is just staggering really.
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May 02, 2014, 09:02:33 AM
 #754

Too bad they didn't just allow BTC's, then it would have been equal for everyone AND they would have received more money.

The level of incompetence is just staggering really.

Mastercoin people actually advised them:

a) it wasn't possible to send assets in this way (clearly a lie)
b) the solution was to set the price at nearly 4 times the market rate and purchase 20% of all mastercoins in existence with investor funds (clearly insane)

Why people think a team this stupid or corrupt is capable of producing anything other than this ponzi scheme to turn a profit on their investments beyond me.

It's sad this robbery happened in broad daylight with people shouting stop!
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May 02, 2014, 09:09:48 AM
 #755

Too bad they didn't just allow BTC's, then it would have been equal for everyone AND they would have received more money.

The level of incompetence is just staggering really.

Mastercoin people actually advised them:

a) it wasn't possible to send assets in this way (clearly a lie)
b) the solution was to set the price at nearly 4 times the market rate and purchase 20% of all mastercoins in existence with investor funds (clearly insane)

Why people think a team this stupid or corrupt is capable of producing anything other than this ponzi scheme to turn a profit on their investments beyond me.

It's sad this robbery happened in broad daylight with people shouting stop!

This is what I have been saying..

If they are so incompetent they didn't realize this is how it was going to go down, why on earth would anyone give them their money? they have already showed that they do not understand basic logic.
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May 02, 2014, 10:23:49 AM
 #756

Wow ladies hand bags at dawn!

The IPO clearly wasn't run correctly, we all know this. I personally believe that the Maidsafe team knew there were risks involved with their IPO strategy but overlooked them as small risks to what the benefits raised through the Mastercoin/Maid partnership.  These risks clearly came to fruition having a much larger impact then they first thought.  We have to remember the maidsafe team have also taken a big loss here.

Now being a BTC investor tbh I knew the risks to start with, Maidsafe were very open about the Mastercoin strategy before the safe but I did not worry myself with the complications of earning a few extra maidsafe coins.  At the end of the day, like most investors I could probably imagine we're in this for the long haul.  Its got nothing to do with a quick win, it is about supporting the Maidsafe project and hoping that it will pay off much MUCH further down the line. I couldn't give a crap about MSC investors dumping coins below IPO value, that's up to them hopefully they will be kicking themselves a couple of years from now when safecoins are floating at a healthy value.

At the end of the day BTC investors were promised 17,000 maid for 1 btc (+40% bonus) and thats what was delivered. Nothing more, nothing less. Don't get me wrong I still feel for those who lost out on the BTC > MSC > BTC but this sale was very unpredictable and as they say "the early bird gets the worm".

At the end of the day it's over with now, instead of bickering on here like little children lets all sit back, take a deep breath, hold onto our maidsafe coins and lets see how this really plays out in the long term. Finger pointing and jumping to conclusions mid game is a pointless waste of energy and oxygen. The starting pistol has fired. If your in the race just keep running.

And for those of your who didn't invest and are still complaining. Why? Are you that concerned for other forum members well-being or are you just seeking the attention?

My 2 cents.


 
 
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littleblue
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May 02, 2014, 10:30:46 AM
 #757

The big problem here is that MaidSafe Team was also scammed by MSC... Now they're holding 20% of total MSC supply... and practically that's worth nearly nothing...
The only winners are MSC big holders, who dumped their useless coins.

They wanted over $6 million, but they raised "only" $3 million. This could lead to a liquidity problem or to a second round of crowsale... who knows.

At this stage I think they can't do anything to help themselves or BTC users. If they try to compensate BTC users "printing" more MaidSafe for them, would be really unfair for the BTC users who bought MSC for the "promotion".
Also remember that a lot of BTC users were burned because they bought MSC at ~0.15 and because they got 3h late, now they are with a 50% loss. Even worse, if they bought a big quantity, now they can't dump them, because only $50k in MSC mastercoins. Sadly, they're now bagholders.


The rules were clear before the start. Stop being denial, was our fault for not doing proper calculations before investing. All was public and MSC sales were closed after 3 hours, so we could have avoided this IPO "scam".
Easier said than done... I also lost money. However now I'm happy, because I took a loss, but I'm holding my precious bitcoins again.
It was scary as hell that after IPO ended some people were dumping their MAID at -50% value (bitcoin IPO), just after bitcoin crowdsale being funded in only 48h.


The average IPO sale was around ~2,300 satoshis, but remember that some guys are able to dump at ~1,300 without loses.
I think you are right...
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May 02, 2014, 12:15:14 PM
 #758

Wow ladies hand bags at dawn!

The IPO clearly wasn't run correctly, we all know this. I personally believe that the Maidsafe team knew there were risks involved with their IPO strategy but overlooked them as small risks to what the benefits raised through the Mastercoin/Maid partnership.  These risks clearly came to fruition having a much larger impact then they first thought.  We have to remember the maidsafe team have also taken a big loss here.

Now being a BTC investor tbh I knew the risks to start with, Maidsafe were very open about the Mastercoin strategy before the safe but I did not worry myself with the complications of earning a few extra maidsafe coins.  At the end of the day, like most investors I could probably imagine we're in this for the long haul.  Its got nothing to do with a quick win, it is about supporting the Maidsafe project and hoping that it will pay off much MUCH further down the line. I couldn't give a crap about MSC investors dumping coins below IPO value, that's up to them hopefully they will be kicking themselves a couple of years from now when safecoins are floating at a healthy value.

At the end of the day BTC investors were promised 17,000 maid for 1 btc (+40% bonus) and thats what was delivered. Nothing more, nothing less. Don't get me wrong I still feel for those who lost out on the BTC > MSC > BTC but this sale was very unpredictable and as they say "the early bird gets the worm".

At the end of the day it's over with now, instead of bickering on here like little children lets all sit back, take a deep breath, hold onto our maidsafe coins and lets see how this really plays out in the long term. Finger pointing and jumping to conclusions mid game is a pointless waste of energy and oxygen. The starting pistol has fired. If your in the race just keep running.

And for those of your who didn't invest and are still complaining. Why? Are you that concerned for other forum members well-being or are you just seeking the attention?

My 2 cents.
+1
thank you for bringing some sanity to this discussion
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May 02, 2014, 02:43:10 PM
 #759

Well, I must accept that this IPO was a world record. Now what will happen after launch we are still to see...
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May 02, 2014, 03:13:51 PM
 #760

As a BTC investor i effectively paid a premium for my MSAFE but i'm in this for the long term so agree with biggzi and others that people need to move on but if there's going to a long term the development team need to become a lot more commercially aware.
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