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Author Topic: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet  (Read 554729 times)
DogWhisperer
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May 20, 2014, 02:46:13 PM
 #941

So lame the price keeps going to shit.  Im down alot but not much point selling now as then I'm just solidifying the loss.  Hopefully positive news about the network will come out soon otherwise I am going down with the ship.
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May 20, 2014, 02:47:16 PM
 #942

The author is not shown since May 6, damn shit,run away.

I don't want to call you a troll, but the links in the two posts above yours show the developers in discussion and designing Maidsafe.

But you don't read and just post FUD.

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May 20, 2014, 02:49:39 PM
 #943

So lame the price keeps going to shit.  Im down alot but not much point selling now as then I'm just solidifying the loss.  Hopefully positive news about the network will come out soon otherwise I am going down with the ship.

Just wait until they are converted into a real crypto-coin (Safecoin)

Then they will be usable and listed on many exchanges.

Remember the Mastercoin exchange the Maidsafecoin is listed on is pretty bare bones basic and investors cannot withdraw their Maidsafecoin. Until it turns into a real coin the price will be terrible.
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May 20, 2014, 02:59:54 PM
 #944

So lame the price keeps going to shit.  Im down alot but not much point selling now as then I'm just solidifying the loss.  Hopefully positive news about the network will come out soon otherwise I am going down with the ship.
Yes someone have been dumping a lot and also put up walls 1.500.000 maidsafe coins.

Pretty stupid IMO, to buy and sell for a lose, even before the network been launched.

Either someone has lost faith in this project, or they bought their coins with mastercoins they've bought cheap. Anyway I'm going to hold until the network is launched, see the price rise and then cash out and buy my first own condo.  Cool
We'll see where we are in a year. Wink

 

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May 20, 2014, 03:18:00 PM
 #945

It's difficult to realize profits when you buy in at a $100Mil+ Market Cap (at price below).  In my experience, big IPO Crypto's never have good returns.

https://bitcointalk.org/index.php?topic=592362.0;topicseen
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May 20, 2014, 05:13:32 PM
 #946

It's difficult to realize profits when you buy in at a $100Mil+ Market Cap (at price below).  In my experience, big IPO Crypto's never have good returns.

https://bitcointalk.org/index.php?topic=592362.0;topicseen
That dude is doing everything he can to have newcomers paying overprice. He's involved in the Mastercoin foundation in someway, since he is an Administrator on mastercointalk. Very bad in my opinion.

 

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drawingthesun
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May 20, 2014, 05:33:37 PM
 #947

You two are conflicting each others points I think.

Msin is talking about an $100,000,000 IPO of MaidSafecoin that never happened and Ejinte is talking about a member of the community selling over-priced MaidSafecoin to people after IPO.

I'll address your posts below in turn.

It's difficult to realize profits when you buy in at a $100Mil+ Market Cap (at price below).  In my experience, big IPO Crypto's never have good returns.

https://bitcointalk.org/index.php?topic=592362.0;topicseen

The IPO was a "$3,000,000 to $6,000,000" IPO, not $100,000,000.

I'm not sure where your IPO figures are coming from, they are certainly incorrect!

The controversy with the IPO was the two entry points (Mastercoin and Bitcoin) having different price points.


It's difficult to realize profits when you buy in at a $100Mil+ Market Cap (at price below).  In my experience, big IPO Crypto's never have good returns.

https://bitcointalk.org/index.php?topic=592362.0;topicseen
That dude is doing everything he can to have newcomers paying overprice. He's involved in the Mastercoin foundation in someway, since he is an Administrator on mastercointalk. Very bad in my opinion.

Whilst he if offering a price far above "market" [1] his service allows you to receive your MaidSafecoins to your wallet.

The only exchange I believe still does not allow for withdrawel of MaidSafecoin, please correct me if I am wrong.

Under these facts, his service offers something the market currently does not.


[1] https://www.masterxchange.com/market.php?trade=500&currency=maid

EDIT: You can now withdraw from masterxchange
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May 20, 2014, 10:54:46 PM
 #948

It's difficult to realize profits when you buy in at a $100Mil+ Market Cap (at price below).  In my experience, big IPO Crypto's never have good returns.

https://bitcointalk.org/index.php?topic=592362.0;topicseen
That dude is doing everything he can to have newcomers paying overprice. He's involved in the Mastercoin foundation in someway, since he is an Administrator on mastercointalk. Very bad in my opinion.

I am not involved in the Master Foundation.
Do not spread false information about this.
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May 20, 2014, 11:31:25 PM
 #949

Msin is talking about an $100,000,000 IPO of MaidSafecoin that never happened and Ejinte is talking about a member of the community selling over-priced MaidSafecoin to people after IPO.

Huh?  I never said the IPO was at $109Mil.  I clearly state in my post that Maidsafe was being sold at 17k - 1BTC (per the link provided), which assumes a $109Mil MARKETCAP, not IPO. 
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May 21, 2014, 07:58:17 AM
 #950

info
http://www.maidsafe.org/
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May 21, 2014, 08:08:33 AM
 #951

Msin is talking about an $100,000,000 IPO of MaidSafecoin that never happened and Ejinte is talking about a member of the community selling over-priced MaidSafecoin to people after IPO.

Huh?  I never said the IPO was at $109Mil.  I clearly state in my post that Maidsafe was being sold at 17k - 1BTC (per the link provided), which assumes a $109Mil MARKETCAP, not IPO.  

Sorry but the way I read your post reads it looks like you're implying that the Maidsafe IPO was at $100mil.

It's difficult to realize profits when you buy in at a $100Mil+ Market Cap (at price below).  In my experience, big IPO Crypto's never have good returns.

https://bitcointalk.org/index.php?topic=592362.0;topicseen

At $6,000,000, the "current" price of $100,000,000 means someone is getting 16 times returns.

How is that making sense with: "big IPO Crypto's never have good returns."

Is 16 times return really that bad?
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May 21, 2014, 01:19:34 PM
 #952

Msin is talking about an $100,000,000 IPO of MaidSafecoin that never happened and Ejinte is talking about a member of the community selling over-priced MaidSafecoin to people after IPO.

Huh?  I never said the IPO was at $109Mil.  I clearly state in my post that Maidsafe was being sold at 17k - 1BTC (per the link provided), which assumes a $109Mil MARKETCAP, not IPO.  

Sorry but the way I read your post reads it looks like you're implying that the Maidsafe IPO was at $100mil.

It's difficult to realize profits when you buy in at a $100Mil+ Market Cap (at price below).  In my experience, big IPO Crypto's never have good returns.

https://bitcointalk.org/index.php?topic=592362.0;topicseen

At $6,000,000, the "current" price of $100,000,000 means someone is getting 16 times returns.

How is that making sense with: "big IPO Crypto's never have good returns."

Is 16 times return really that bad?

The marketcap of $109m is clearly incorrect.     Yes, there is 90% of safecoin that still needs to be distributed,  but that is like saying that there remains 50% of BTC that still needs to be distributed.  The market cap of Bitcoin is calculated based on the current 12 million that is already been distributed and not the 21 million that will eventually be distributed.  In the same way,  the current market cap of safecoin is $6million, but eventually (in some distant future) it may be $60 million. 

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msin
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May 21, 2014, 03:59:09 PM
 #953

Msin is talking about an $100,000,000 IPO of MaidSafecoin that never happened and Ejinte is talking about a member of the community selling over-priced MaidSafecoin to people after IPO.

Huh?  I never said the IPO was at $109Mil.  I clearly state in my post that Maidsafe was being sold at 17k - 1BTC (per the link provided), which assumes a $109Mil MARKETCAP, not IPO.  

Sorry but the way I read your post reads it looks like you're implying that the Maidsafe IPO was at $100mil.

It's difficult to realize profits when you buy in at a $100Mil+ Market Cap (at price below).  In my experience, big IPO Crypto's never have good returns.

https://bitcointalk.org/index.php?topic=592362.0;topicseen

At $6,000,000, the "current" price of $100,000,000 means someone is getting 16 times returns.

How is that making sense with: "big IPO Crypto's never have good returns."

Is 16 times return really that bad?

The marketcap of $109m is clearly incorrect.     Yes, there is 90% of safecoin that still needs to be distributed,  but that is like saying that there remains 50% of BTC that still needs to be distributed.  The market cap of Bitcoin is calculated based on the current 12 million that is already been distributed and not the 21 million that will eventually be distributed.  In the same way,  the current market cap of safecoin is $6million, but eventually (in some distant future) it may be $60 million. 

I think it's reasonable to calculate based on 100% distribution.  I certainly am not going to calculate marketcap based on 10% fire sale by founders.  Regardless of specific #'s, I'm referring to potential returns for those that participated in the IPO and why the current price is below that mark.
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May 21, 2014, 04:19:03 PM
 #954

I think it's reasonable to calculate based on 100% distribution.  I certainly am not going to calculate marketcap based on 10% fire sale by founders.  Regardless of specific #'s, I'm referring to potential returns for those that participated in the IPO and why the current price is below that mark.

Coinmarketcap.com uses the amount of coin in circulation rather than the amount of coin that will eventually be in circulation.  So the current market cap of Maidsafe is $ 4,917,225 based on the amount of coins which were distributed during the IPO...which is 452,552,412 MAID coins.

So the amount of Safecoins that will exist when the Safe Network goes live will be roughly four and a half million - the same as above.  Demand for them will theoretically be a bit more than it is now and that will cause a bump in the price.  Not sure how much though...

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FrictionlessCoin
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May 21, 2014, 04:20:09 PM
 #955

Msin is talking about an $100,000,000 IPO of MaidSafecoin that never happened and Ejinte is talking about a member of the community selling over-priced MaidSafecoin to people after IPO.

Huh?  I never said the IPO was at $109Mil.  I clearly state in my post that Maidsafe was being sold at 17k - 1BTC (per the link provided), which assumes a $109Mil MARKETCAP, not IPO.  

Sorry but the way I read your post reads it looks like you're implying that the Maidsafe IPO was at $100mil.

It's difficult to realize profits when you buy in at a $100Mil+ Market Cap (at price below).  In my experience, big IPO Crypto's never have good returns.

https://bitcointalk.org/index.php?topic=592362.0;topicseen

At $6,000,000, the "current" price of $100,000,000 means someone is getting 16 times returns.

How is that making sense with: "big IPO Crypto's never have good returns."

Is 16 times return really that bad?

The marketcap of $109m is clearly incorrect.     Yes, there is 90% of safecoin that still needs to be distributed,  but that is like saying that there remains 50% of BTC that still needs to be distributed.  The market cap of Bitcoin is calculated based on the current 12 million that is already been distributed and not the 21 million that will eventually be distributed.  In the same way,  the current market cap of safecoin is $6million, but eventually (in some distant future) it may be $60 million. 

I think it's reasonable to calculate based on 100% distribution.  I certainly am not going to calculate marketcap based on 10% fire sale by founders.  Regardless of specific #'s, I'm referring to potential returns for those that participated in the IPO and why the current price is below that mark.

No it is not correct to consider 100% distribution since that remaining is all 'farmed'.

Also, the current price is the average price that both MSC and BTC owners bought.  

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May 22, 2014, 03:01:09 AM
 #956

 Grin  haha,maidsafe is shit !
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May 22, 2014, 03:17:37 AM
 #957

Where are all the updates at relating to this project? I can't find any anywhere... Huh

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May 22, 2014, 04:00:15 AM
 #958

Where are all the updates at relating to this project? I can't find any anywhere... Huh

You can find updates at the maidsafe Google group, safecointalk.com, and maidsafe.org
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May 25, 2014, 02:39:55 AM
 #959

lol at ipo-bagholders
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Bitcoin super-duper-mega-ultra-hyper-node


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May 26, 2014, 01:24:29 PM
 #960

Quote from: MemoryShock link=topic=579797.msg6856870#msg6856o0 date=1400689143
I think it's reasonable to calculate based on 100% distribution.  I certainly am not going to calculate marketcap based on 10% fire sale by founders.  Regardless of specific #'s, I'm referring to potential returns for those that participated in the IPO and why the current price is below that mark.

Coinmarketcap.com uses the amount of coin in circulation rather than the amount of coin that will eventually be in circulation.  So the current market cap of Maidsafe is $ 4,917,225 based on the amount of coins which were distributed during the IPO...which is 452,552,412 MAID coins.

So the amount of Safecoins that will exist when the Safe Network goes live will be roughly four and a half million - the same as above.  Demand for them will theoretically be a bit more than it is now and that will cause a bump in the price.  Not sure how much though...

I thought that MAID coins are going to be exchanged for safe coins at a 1:1 ratio. Shouldn't there be an equal amount of safecoins as MSAFE when the network goes live? The strange thing is how there was so much demand for MSAFE when their IPO started, but as soon as the coins could be traded, the mastercoin investors have been dumping. It looks like most of the interest in their project was from people looking for a quick profit. Demand for safecoins might even be lower, especially if safecoin doesn't live up to the expectations from the whitepaper.

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