Just FYI, I believe the ID requirements are for qualified investors interested in shares only.
You can back the project without the additional requirements if you are not a qualified investor or just want to contribute without receiving equity (similar to a Kickstarter type campaign) at their Backing Page instead.
I think you are right, although pitches can sometimes go quite fast. Iâm not sure a lot of people have noticed the pitch though. It doesnât seem to be listed under the âSearch for investmentsâ tab. I donât think I would have seen it without it being mentioned on this forum.
Havenât seen any tweets about the pitch being live yet either, so should be fine until Monday at least 
indeed, it is not a âcrowdsaleâ and it is only open to small number of registered users atm, so even if it brings lots of new customers to BtF, they will come in dribs and drabs as they sign up, not all on day one.
Iâd be pretty shocked if they sell out in week one, but I am in already just in case 
I suspect they will lock the page for fear of it selling out before the 12th though⌠that would be a PR nightmare for BtF.
EDIT: yep, already unable to load the page again now.
Yes, I think youâre right actually, ID is only an issue for when you want to withdraw anything. You can still invest prior to being verified. I didnât verify with ID before investing on there, but you do have to self-certify, which will put off a lot of people who think they have to be honest about âqualifyingâ
You own a bit of us, very cool, welcome to the team. I am just off a train from London, so got a note en route, no idea but this seems like a leak of some kind in the system. My feeling is that itâs out so itâs out, I have not even looked yet, but it should not be displayed on investments at the moment. Not sure how the system works to allow sneak previews, seems a wee bit of a bug or perhaps unfair, however I doubt we can close it off now though.
Yes. This is the message from BF Support on the forum:
We have just updated to ÂŁ2m. The link was not ready to share
beyond a close group of investors, but was leaked. We have now updated.
Apologies for any confusion cause
What would be some of the advantages/disadvantages investing in this pitch compared to buying MaidSafeCoin for a long term speculator?
Just finished watching all the pitch vids⌠good job. Much better than most! /tips hat
More publicity planned too from Monday I hope?
Good stuff guys.
Thanks for the info. In that case Iâll just go for it when I have time.
I guess as long as everything is in place before they do all the official records itâll be ok - if they canât get the required info from some investors theyâd only need to refund them.
Good question. Buying Safecoin would could cause a rise in price (though no guarantee) which would help the team raise money through sales of the coin. However, thatâs uncertain and indirect. By buying equity you will be putting capital directly in the hands of David at whatâs probably quite a critical stage of development, especially when it comes to expanding the team and marketing the project. This seems to me to be a much more direct way of helping ensure the success of the project/company.
On the other hand, you need to realize there is always an exit strategy if you buy coins, because thereâs always a bid, so thereâs a definite advantage to being invested in safecoin from a liquidity perspective.
For me though it doesnât have to be either/or. I plan to start with a 70/30 split coins/shares.
Itâs not available on the investment page or otherwise how that link got out is anyoneâs guess but dammit I was second or third in line
The main advantage is that this will directly benefit the workers who are building the Safe network.
Big MAID holders would be wise to invest in & support the company that is building the foundations of what will give value to SafeCoin in the future.
A disadvantage is that you will be unlikely to be able to sell your shares until MaidSafe is sold, or listed on an exchange.
In terms of out & out return, I think MAID is a better bet; I donât think MaidSafeâs value is likely to outstrip the value of all SafeCoin in the event of a successful network, and theyâre currently valued around the same.
If MaidSafe came up with a version 2 Safe Network that superceded the first, and used a different token, perhaps the shares could be a better bet, so just buy both just in case
It seems that the link to our investment page was leaked via Twitter earlier this evening. It has led to a very small, but still very welcome early investment and the campaign is still set to go officially live on the 12th of Sep. As others have said I donât see anyone missing out here, but weâll keep an eye on the situation.
NIck, I shared it on twitter after it appeared here (not realising it was a mistake). Do you want me to delete those tweets?
Regarding exit. People are right to point out that shares in a private company are less liquid than holding Safecoins (at least in the small amounts most individuals might invest - a few thousand pounds/dollars/euros), butâŚ
The pitch states that 5% of all Safecoin have been reserved shareholders who want at some point to exchange their shares for Safecoin, which provides another way to exit.
I think this is actually an easy way for ordinary people to get into a cryptocurrency, specifically Safecoin. No fiddling about with bitcoin, wallets, exchanges etc. Just buy some shares in MaidSafe and later, when the network is running, take the option to convert them to Safecoin.
I didnât want to take any chances and was happy for the chance to get in early. Happy to help support the team. Keep doing what youâre doing and thank you.
Hey @nicklambert they have Mark Andreesson its spelled Marc with a âcâ.
Regarding liquidity, there are a number of ppl working to create secondary markets for private equity, including in the US:
Though the requirements for participating are going to be more stringent than on BNK (ie. for US investors, you have to provide proof of accreditation, which means making 200k+ or more a year or having 1m+ in assets, minus primary residence).
So who leaked the announcement? First tweet I can find is this one by Jarno Pitkanen at 4pm https://twitter.com/JarnoPitkanen/status/773915818463723520
Might not be such a bad thing⌠stokes the flames of fomo and will look good on monday to get a decent amount by the end of the first âofficialâ day of the pitch.