I see them as respecting crowdsale investors
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So youâre mad your pie slice just got thinner? Howâs no pie at all?
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Absolutely right. Decks should have been cleared but they werenât. As things are today, what implications are there if the community votes for the unconventional and votes to donate the coins?
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Im not mad, whats next? Generating more coins because they run out of money again? Youâve been saying âFreedomâ, the foundation is about to put 24M incorrectly generated coins into the market without any discussion or voting. Freedom huh? I support the project, but Iâve shown it with investing in the IPO and not by unwillingly devaluating my own and others coins 2 years after the end of crowdsale.
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Realised this is sort of like Satoshi coming back to say they were going to slowly sell their coins into the market to fund core devs (which wouldnât be a bad idea imo). In the long run, the ability to fund core devs adds value to the technology as a whole⌠we are at very early stages of the market (pre Safecoin, in fact) which is relatively easily manipulated anyways. And why not have these coins enter the market? This only affects short term predictions as the network launch with safecoin will see an increased supply over time as well.
Re: donation vs payback⌠I think (not 100%, maybe @nicklambert can confirm) there are restrictions on what the foundation (a registered UK nonprofit) can do with assets they hold such as donating to a for-profit company.
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Continuing the discussion from Extra MAID generated from the crowdsale:
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
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?
I have not wavered my support and will continue to support this project to either a spectacular success or failure. I agree that to build what MaidSafe is building requires a lot of value invested, and I have never witnessed a better way to build a community supported project with completely open development, but IMO there has been very little input from the community on the financial management of the project and close to zero in financial transparency; which is fine if my assumed thought was your company is solid from the crowdsale and it wasnât stated in original terms.
I would have paid out a lot more a year ago if it would have got me a product I can use sooner. I would have worked night and day to find a way to bring in more value to Maidsafe (In some ways I already have). This decision made by MaidSafe though is a massive gamble (MAID will hold valueâŚwhich by the looks of http://omnichest.info/lookupsp.aspx?sp=3 already close to 100% of pre-announcement MAID on Poloniex has already been sent PoloniexâŚwe are going to take a hit) and have forced all of our hands on to hold (for how long at undervalue) or sell. I think the moment you spent those coins on 4-28-2016 there needed to be complete transparency of your finances; because you are drawing on the community that makes that value. Instead you have tied all of our hands and risked everybodyâs investment by this announcement and skimping on development to make the markedly less perceived funds last this long.
From this moment on I think we need much more specificity of where MaidSafe is at in development (Specifically SafeCoin functioning)/timeline, and where are MaidSafeâs finances. I think we as time/monetary investors and now non-consensual lenderâs deserve to know realistically what we are looking at for locked-up liquidity. Having our future liquidity locked is asking a lot from a community that has painfully watched other crowdsale project coins go x75+ in value and producing exciting products. We are all here because we know in our hearts that a successful SAFEnetwork is beyond any monetary value and the projects that are built on top of it will change all of our lives, but the terms of the crowdsale have changed and I think the community needs more openness in those areas.
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Is my idea rubbish guys?.. Be honest⌠
I thought it was interesting and unique
You guys are really giving your investors the middle finger right now. It wonât be forgotten.
You wonât even comment on or consider an off market sale of the coins.
Hell, you shouldnât even have them in the first place.
We are all trying to be reasonable here.
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BY TRYING TO RAISE ENOUGH MONEY TO GET THE PROJECT ITSELF FINISHED???!
SERIOUSLY how short sighted can you be?
Why would you NOT want the project you invested in to actually get finished? Thatâs all theyâre trying to do here. And just because they donât respond to every single comment right away doesnât mean they arenât discussing it and considering everything themselves at HQ
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You know that wouldnât happen and if it did then that would be a red flag. You feel like maidsafe is infringing on your freedoms by acting on completing a project you are here to support (even financially) by selling extra coins made by mistake by the mastercoin project? What if I feel like if you had a say that my freedom was being infringed upon? Well then weâd go to majority rule most likely and I may be wrong so a vote would be nice but I see the community most likely being a little bit more supportive to the completion of the project.
This is very interesting. I agree, there has been zero transparency and that 1million maid sent to polo a month ago is awfully suspicious.
And people wonder why no market makers are interested in Maid.
The community AND market have spoken and no one is happy. This is becoming a joke.
Remember to short MAID every tuesday guys! The dev team will always be there with the right news to make you money.
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I believe thatâs inaccurate.
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Iâm sorry ioptio, Iâm very upset at the moment.
Why was a million maid sent to polo over a month ago from your âsecureâ addresses?
Do you guys hear the community right now? Just about everyone has some kind of problem with your announcement.
We will go to 6k satoshi now (the bottom of downtrend channel).
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It comes down to the fact that MaidSafe got shorted on their crowdsale. They were supposed to get $8mil from it but got scammed by Mastercoin guys and only got $2mil.
So something has to change for the project to continue. Theyâve come so far on what they got.
How can you have issue with this (ahem Mr brand new @$$ 18min old acc lol who are you, someone I know? :P)
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Have a second funding round. This is actually very common. Sell the Maid at 11k satoshi in chunks to private btc investors.
Dev team keeps the money with no loans, market stabilizes at 11k. Problem solved.
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Not supporting Mastercoin but you donât get it. They have âNOTâ been scammed by Mastercoin. The Maidsafe team agreed on these terms and started the crowdsale, it WAS possible the coins were going up and everything was fine but no it didnât work out as many expected. Please get your facts straight, you cannot simply accuse someone or a company of scamming.
Because they are so short sighted and hate to see their precious investment take a slight or possibly negligible dip. They donât even really care about the project. Theyâre just trying to force their hand at the loss of maidsafe and their gains. Typical
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Facts stand. MaidSafe sold the coins, needed $8mil. Got $2mil.
Something has to change for the project to continue
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Please lets all follow the forum guidelines and keep the discussions civil
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I understand, I was upset. That was out of line.
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