Quote from: tantanbit on January 09, 2014, 01:47:10 AM

Quote from: dacoinminster on January 08, 2014, 04:56:15 PM

Sorry to send the market bouncing around guys! Most of you seem to get what is going on here, but for those who have any question about my commitment to the project, here is a clarification I just posted on reddit:

Quote

Edit:

I'm sorry that the post above did not adequately convey my excitement to get a chance to work on Mastercoin full-time! Ripper is completely correct in his posts below. I have taken a lot of criticisim for not diversifying in the past, and now I am finally doing so, with the added benefit of getting to work on my passion full-time.

As for the concern that people would dump coins on the market and then try to buy them back cheaply from me, I will not sell in such a situation. The price would have to stay down for a long time before I would accept it as a new market equilibrium. I'm very sensitive to the lack of volume on our exchanges, so I'm prepared to wait a long time for the right buyer(s) to come along. There will be no "dumping".

Please keep in mind that this is only a tiny fraction of the Mastercoins I have, and the ONLY reason I'm selling them is to pay pressing bills and get more time in on Mastercoin. I am so excited to be a part of this, and I MUST get more involved!

Thanks!

if you set the price 0.17 ,then the market price will never be higher than 0.17 ,peopel will buy from the market not from you. and selling Behavior also make some people to keep away from msc .what you should do is giving good news ,attract more people in msc. when the markt is large enough , you can easily sell your msc on the market .

So you are encouraging pump and dump here?

I will never complain JR selling MSC as long as he still hold considerable amount. My only complaint is about the progress of the project. Once MSC becomes successful, the price of MSC will naturally increases. Only speculators care about the current market price, when there's nothing have implemented for MSC yet. Long term believers will either be happy about the lower price, or just worry about the slow progress may kill this project.