No VC’s! 
Jeez can’t one of those rich celebrities (Bono types) just send a million or two to MaidSafe to save the world?
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@Josh you don’t understand. We had breached the downtrend. This dropped us back in to the channel (the bottom of the channel is very low). It’s very hard for a buyers market to exist with the threat of huge sell pressure looming over our heads.
I’m all for the MAID team raising money. They need it. But it needs to be done in a way that is beneficial for all involved.
Borrowing against future earnings is a bad idea. Its what landed the world in its current mess. Can the community not vote to donate the coins in question to Maidsafe Ltd.? Who owns these unintentionally created coins? I don’t believe for a second that the Troon gang would abscond with the funds. They have time and again proven their motivation and honesty. Having a debt hanging over their heads with the likely outcome of it increasing many fold if their work is successful seems hugely unfair. Sorry if I am a simpleton about finance but this is a resourceful and inventive bunch of people here. Is there any way to avoid the “borrow” scenario?
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Wouldn’t it be using a dollar amount or something? I think the idea could work as long as its not SafeCoin - for - SafeCoin debt, at this super pivotal time for SafeCoin’s unit price (launch time) where the coin price could be super volatile
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Sorry if anyone has said this already, but I think I have a great idea:
#sign these special coins with a special historical message and Auction them off in batches on the MaidSafe website!!
Make it very big and special, as the fate of the SAFE network kind of relies on these coins.
Please don’t settle for the measly 7¢ each from the exchanges!! These SafeCoins are very interesting “misprints” etc and collector memorabilia and have inherent value to anyone who follows Project SAFE!
Make them special and Auction them in batches to the highest bidder!! I think you can really stretch the value of these coins in this way. Also because people all want to Help your team and support the network
And think down the road, things like this will sell on SAFE eBay for millions once SAFE goes mainstream. Don’t underestimate the value here! (my dad has been selling collectors things on eBay for my whole life so I kind of see value in these kinds of things, it’s very real!)
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I agree the timing here couldn’t be worse. Why not announce this after MVP when the value of MaidSafe is at an all time high? This move is mind bloggingly stupid.
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Will they not be required to replace the coins they borrow?
In which case the price per coin at repayment time is almost certainly going to be hugely more than at the time of borrowing.
To further my idea, these coins could be made more special by being the only coins you send back to the people after they send them to the SafeCoin “burn address,” so that perhaps these special MAID could be famous historical trinkets that stay alive on the BTC blockchain and could become very valuable and special in the future.
Need to extract as much value out of these, because 7¢ each for them is extremely undervalued, I think we all agree on that.
What’s to lose? Just try auctioning a batch in an official MaidSafe.net Auction starting at 6 or 7¢ and see how far it goes after a week etc. I think the added returns will be quite significant if you make them special with special signatures and returns after burning, etc.
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That would make the coins an interesting speculative asset…but it reminds me too much of limited edition GAW hashlets.
Who owns the coins in question? Who has the right to decide about their use?
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If it was up to me I’d say consider them a donation, no need to pay back 
I vote for whatever makes the team comfortable but it is sad to see an instant loss on a loan they have the keys to. This just goes to show how honest these folks are. I would single handedly fund this project no strings attached if I was in that position and I really wish I was. I see the logic of how would it be ethical to profit off of the accidental coins but to me this is just completing the mission and making the most of a mistake. I honestly am not sure if it makes sense to be in debt to the fact these accidental coins helps boost the community and finish the project. To me these are maidsafes coins. If they were considered common heritage to the community I’m sure most would agree.
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@ Nigel They had an ico for funding… these coins weren’t even supposed to exist.
The community should decide how they should be used.
It seems most people here are ok with letting the dev team sell some to private investors (I’m even ok if they aren’t on loan) but selling to market at the bottom of a downtrend is just about as stupid as it gets.
I propose they be sold off market, in batches of 100k. 10btc per 100k.
That would sell like hotcakes.
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Wouldn’t it be more productive to get the sale announcement out of the way before alpha as to not disturb upward momentum?
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In my opinion the coins should be burned as @MAID_SandM says, they weren’t supposed to exist.
The crowdsale was specifically created to raise funds for development, why not let the community vote for these coins? Why did Maidsafe wait so long before making this decision?
I don’t think it’s correct to sell them on the market because the project needs funding, there must be other ways to acquire funds instead of devaluating current coins. The market is not prepared for 19M coins to be distributed.
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It would be more productive to consult the community. There are several options on the table that don’t harm momentum. If you guys handle this appropriately, both you and investors win.
@Nigel (response to post below bc I’ve reached limit supposedly), You get it. We don’t care if the Maid is repaid, as long as the devs deliver.
I created an account today to express my outrage, as a heavy investor in Maid. I love you guys and what you stand for. But please, do this intelligently. You are serving up rekt on a platter.
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In so many words that’s what I’m trying to get across. I believe this community would rather the team take these with no repayment. Sell them to boost community, outreach, and project completion, then call it good. Rays of sunshine and freedom for everyone!
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I think that using these extra coins to bolster more development and outreach as well as PR would either offset or possibly raise market cap. But I could also be overly optimistic
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Money distorts everything around it. Debt likewise. These guys deserve better than conventional solutions. The idea of VCs, accountants or the jackboot European Union in any way getting leverage on the Maidsafe teams horrifies me. The idea of such a unique force for positive change ending up in debt saddens me greatly. So, my vote is to donate the coins (if it our right to do so) with no debt and or have donations from the community.
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Members seem to forget these coins are generated incorrectly and shouldn’t be on the market. They had to be burned right after the crowdsale ended.
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@iJRN Some see mistakes as opportunities others see them as mistakes
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