Re: [ANN] IPO of MaidSafe: Entering the Future of the Decentralized Internet
How many SafeCoins were bought with MSC? Not much right? The sellers don't have exactly the biggest stash...?
I am not aware of the exact figure... but somehow I am convinced that the majority of those selling these past couple of days are within that group... maybe this below might help you come up with an exact figure...
This is what we have done, it reduces the back office steps, ensures BTC backers are looked after and not squeezed out. MSC backers got in at almost equal footing as BTC (almost 50% / 50%) and we all win. The BTC goes ahead and the MSC people got in fast and made their purchase.
In my opinion they should award extra safecoin to the Bitcoin backers to compensate. I honestly wouldn't have bought the safecoins if I knew a huge chunk of people were buying them for cheaper, due to the scenario that is playing out now.
I'm not worried long term as I believe strongly the price will go up a lot. But still, doesn't seem fair to me.
Your are completely right.
The out of market valuation they gave to MSC at the time, means they should now give the reciprocal of that to BTC holders.
That's the only way to clear this mess up. They went against the market and garnered themself a scamed tag.
What we are seeing here are MSC holders unwinding thier MS coins back to BTC so this is the reverse of the run up in MSC.
By giving out the MS to BTC holders is the only way to clear 90% of this up