Many of us, who invested in Maidsafe through BTTF, did so to support a project we believed was good for the people and at a time when its future was at risk. This project might not have reached where it is now without these “fools.”
At no point do I expect preferential treatment, but although it may not be a legal obligation, I do consider it a moral obligation for Maidsafe to do everything possible to at least fulfill the agreed-upon terms, without BTTF creating obstacles for those who invested.
I didnt call you a fool, I said you were a bit foolish in the moment you invested. I looked at it too and decided I didn’t care for this structure. In my opinion Maidsafe has no moral obligation to make you whole - the company is not responsible for the behaviour of its investors. Maidsafe certainly has no obligation to the investors of its investors. That would be a very slippery slope.
Possibly that’s the difference: you were a selfish person who only thought of your own interests. Some of us, on the other hand, were foolish enough to go beyond that and think of benefits beyond strictly economic ones.
Perhaps that’s why my perception of what I consider ‘moral duty’ is very different from yours.
If you were being selfless, you would have just donated the money to Maidsafe. But no, you wanted something in return, and still do, claiming Maidsafe has a moral obligation to make you whole.
I find it extremely generous of Maidsafe to offer you anything. Surely, you have a moral obligation to refuse. Anything else would be selfish.
When I invested in Maidsafe through BTTF, it was driven by a belief in the project’s potential and the understanding that this was an investment, not a charitable contribution. While the terms were clear at the time, and I accept that opting for shares rather than coins wasn’t the best financial decision, I still feel my investment has supported something worthwhile. However, the journey has been frustrating, particularly due to the lack of communication from both Maidsafe and BTTF on the platform, which has left many of us feeling disconnected. It often feels like we’re an inconvenient group of stakeholders. I’m grateful that there is still an offer of tokens for shares, but as early investors, we don’t receive much attention, whenever Bux talks about ‘communicating with shareholders,’ it seems to refer to the original group, not those of us who invested through BTTF, which doesn’t feel great. Despite any negativity, I remain hopeful that Autonomi’s / Maidsafe’s success will ultimately have a meaningful impact, and I’m cautiously optimistic that the upcoming TGE will provide better clarity and a smoother resolution for all involved.
I’m a BTTF-Maidsafe investor but received no questionnaire on Discord. I don’t mind at all converting my BTTF shares to Autonomi tokens, just want clarification on how to get the process started.
Hey, i totally get it. The problem is not Maidsafe but BTTF. I didnt want to do business with BTTF. If there had been the opportunity to invest directly and get my name on the list of shareholders (rather than the name of an entity over which I have no control), then I would have gladly put some money up.
I only took exception to almost being called selfish and immoral for not investing via BTTF
I hope you all get paid out in one way of another.
What happens to your equity stake in the BTTF SPC once you get paid out in tokens. Is the SPC relinquishing its shares in Maidsafe?
Yes good question. As far as I know, nothing has been confirmed or communicated on this, but it’s certainly something that’s unclear to me. I might have missed some updates, though, as it seems some investors (by the looks of things in this thread) are included in certain distribution lists on Discord and others aren’t, which has possibly made communication a bit patchy.
I’m a bit confused by the mention of a questionnaire on Discord. I assumed we’d be receiving guidance on the procedure for BTTF investors in January, as outlined in the roadmap…
My guess is since Maidsafe the company is ceasing its business then the BTTF SPV has no reason to exist any more when that happens. And I’ve been told that its a 1:1 correlation of the SPV shares to Maidsafe shares so that the SPV share holders are going to get the full compliment of tokens that they would have gotten if they were shareholders directly in Maidsafe.
Thanks digipl for comments and @LJlang@VaCrunch and others I wasn’t allowed to tag as a new user on the forum.
To address all the comments, the questionaire happened after one of the live Q&A sessions on discord that I went to (you had to submit questions in advance). It was a while ago, but if I remember correctly, they also sent out a form specific for BTTF investors. But nothing came of it, I never had my questions answered nor was I emailed with a reply, so you didn’t miss anything.
About BTTF being “fools” or anything like that, we chose to buy equity in the company while ico investors chose to pre-buy tokens used on the network. I don’t think either choice was foolish or selfish, and seems like an unnecessary accusation that distracts from the real conversation. I’m not sure why people are going there.
Here is my understanding of what is happening:
ico investors: bought coin, and are the FIRST to receive equal coin when network launches
BTTF investors: bought equity, plans changed and now no one will own equity in maid safe, so instead we recieve tokens, except we receive them much later than ico investors for some reason, and also at a worse conversion rate.
This seems incredibly unfair to me!
It’s dissapointing we invested in equity and chose not to do the ico, specifically because we wanted equity, yet will end up with coins anyway. But I can understand this, as terms change. What I can’t understand is autonomi essentially punishing us and giving us a worse rate than if we invested in the ico from the very beginning. And on top of that, giving us our tokens after the ico people as well.
I have to say, I’m really disappointed in how this whole thing is being handled. I really don’t appreciate the framing of “we invested in BNKTOTHEFUTURE”. We invested in maidsafe via bnktothefuture, because this was the vehicle that was chosen. By Maidsafe, not by BNKTOTHEFUTRE nor by us.
On September 12th we will be launching an equity fund-raising round with BnkToTheFuture, a leading global online investment platform for qualifying investors. MaidSafe is looking to raise between £1.75m and £2m during the 30 day campaign.
How anyone can interpret this as: Your relationship is with BNKTOTHEFUTURE and NOT with maidsafe is beyond me. This project and the people had my full trust, it seemed to be honest in it’s approach, I never imagined supporters would be treated this way.
Sure, it was our risk with the investment and I lost over half of my investment. The least they could do is acknowledge it instead of treating us like people who have nothing to do with this project directly. It’s just dishonest. The whole thing was the brainchild of maidsafe and promototed as such.
I always appreciated the no bullshit and honest approach by @dirvine and co. Maybe it hasn’t changed, but I don’t see it anymore. This feels like your typical corporate BS and this make me sad.
I still hope this project succeeds and I wish everyone the best. But man, this stings…
Thanks for your valuable input. I share all your frustrations and for the same reasons. When I invested in MaidSafe through BTTF I thought it was just that - investing in MaidSafe - mainly as a response to David Irvinexs appeal for funds.
Now (2025.02.05) I feel David/MaidSafe is distancing himself from us and leaving us in the hands of BTTF who, frankly, show zero interest in us - never respond to attempts to find out what is going on. All-in-all, a poor show - and I still, at this late stage, don’t know what is going on.
… I didn’t even know that had happened.