Post
Topic
Board Announcements (Altcoins)
Re: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet
by
maidsafe
on 23/04/2014, 13:55:52 UTC
In the spirit of “The More Open, The More Confident”, i post Dirvine's email publicly.

what do you mean that “I would hope we can offer more than 6700 BTC”?

Many large MSC investors ended up with way more MSAFE than they calculated, due to the bonus etc. They see that this is great for them, but potentially it is better that MSAFE is in more hands and the dev pods etc. are a vital component to ensure the future of the network is improved by getting there faster and with more people. I do hope to post an update on this, it's delicate and I am wary of anyone getting the wrong idea etc, (it is pretty easily done from what I have seen so far) but it is all on the blockchain and under public record, which is one good point.

We are deep in discussion though and hope to have an answer soon. I know we have people watching us and wanting to be part of development and get this thing moving. So conflicted but hopeful is what I would say.  I think we can achieve the most effective result, as long as we are open and keep folk updated at each step.

I am glad BitAngels sorted out people who had issues with the speed of the MSC closing and I am glad they did. It was a blur for sure, but one I feel will never be repeated as we know the Master Protocol can actually be used to state clearly X% BTC and Y%MSC for others following us. Not simple but this was a good outcome, when faced with that speed of an issue it is amazing what you can think of. 

No excuses for picking the wrong MSC price though, it cost us dearly and it seems that it strongly encouraged people to convert form BTC, even though we all went in BTC and I repeated it was a BTC sale primarily to everyone I spoke with. I encouraged people to not convert, but I think in retrospect the upside was just too attractive and the MSC price never increased as I thought (and was agreed by everyone involved) it might when people seen it being used for the utility it was designed for (smart property). I hope that does happen over time though and when the dust settles I hope people see how valuable this MSC protocol is.

Just realised this was a PM, feel free to post this publicly, we try to do as little as possible privately.

Thanks though.