Re: [ANN] IPO of MaidSafe: Entering the Future of the Decentralized Internet
MSC was trading at around .08 BTC before this.
Why would David J of MSC foundation think that it's a fair way to run an IPO to give more than twice the ROI in MSAFE for MSC holders than for BTC holders?
Maidsafe has to defend MSC now because it is holding a ton of MSC... too bad for such unethical behavior. Holding a fair IPO in BTC (much more liquid than MSC) would not have been hard, if you think the purpose of this crap was anything other than profiteering, get real.
Why would David J of MSC foundation think that it's a fair way to run an IPO to give more than twice the ROI in MSAFE for MSC holders than for BTC holders?
Maidsafe has to defend MSC now because it is holding a ton of MSC... too bad for such unethical behavior. Holding a fair IPO in BTC (much more liquid than MSC) would not have been hard, if you think the purpose of this crap was anything other than profiteering, get real.
Although your thought process is clear to follow... I am afraid you haven't considered several Market conditions. If MaidSafe (or whomever for the matter) were to attempt to purchase the MSC accumulated through this IPO... I am sure you'd agree that they would have NOT been able to purchase most "at around .08 BTC." Can you imagine the MSC/BTC rates by the time they would be done buying? As far as having "to defend MSC now"... why do you exclude the possibility that they look forward to an increase in MSC valuation? I mean... think about it for a sec... they obviously preferred to use the Master Protocol themselves!
So your idea is MaidSafe was itching to make a big investment in MasterCoin and then David J of the MSC foundation graciously worked out a deal with them so they could buy a ton of MSC at over double the market price... and this is a good deal for them because they don't have to try their luck on the open market... OMG LOL