Quote from: FrictionlessCoin on April 26, 2014, 01:42:47 PM

Quote from: smaragda on April 26, 2014, 01:11:06 PM

Quote from: mr_random on April 26, 2014, 12:26:08 PM

What I don't understand is how people can afford to sell their coins cheaper than what they paid them for? Makes no sense to me.

It doesn't make sense to you because probably you only have in mind the people who payed for their MadeSafeCoins using BTC... run the maths for those that payed using MSC... that should clear up the situation for you pretty well... Wink

The MSC sale was problematic is so many ways. If 1/2 of all safecoins were purchased at a 50% discount, then the actual average purchase price is at 3151 satoshis per safecoin. In fact, the current market price is a bit over that price now.

I would not do a crowdsale with mastercoin if the requirements was that MSC holders would get a 50% discount. Well, let's just hope this is a temporary condition that safecoin is dependent on MSC.

How many SafeCoins were bought with MSC? Not much right? The sellers don't have exactly the biggest stash...?