Quote from: mr_random on April 26, 2014, 11:45:56 PM

Thanks for the message dirvine. I know it's a message to the wider community and not just a response to me. I need to do some calculations before I comment further.

Quote from: Bimmerhead on April 26, 2014, 11:18:45 PM

Not sure what you mean by "fair". I'm pretty sure you weren't forced by the government or anyone else to engage in a safecoin purchase.

Your decision to buy shouldn't depend on what other people are getting in at. It should depend on whether or not this is a sensible financial transaction for you.

Just because some people got into bitcoin at 5 cents is it somehow unfair (or a poor investment) to buy now at $450?

If people are buying bitcoin at 5 cents right now whilst others are buying them $450, then obviously that is a problem. Well, I say obviously...

And according to you, something can only be unfair if it involves coercion? Cheesy

I'm not even replying to that.

You are more than welcome. If you read the papers and hear the Interviews. This was not about raising money for MaidSafe the company as much as for the community. The intention is that we build teams of developers in as many geographies as possible and get as many participants as we could. This is hugely important to me and makes weird business sense. We raised money to create competitors, but being open source is not enough, there has to be a dissemination of the knowledge of the code for the SAFE network to be as successful as it can be. There is a commitment to pay 3 years of the current core team and this is to ensure the knowledge xfer can happen. After then we are exactly as valuable as any other core team or app developer on the network. This is key to the success I feel and is true decentralisation.

Anyhow the point was that this is to fuel the network and it will, maybe a little less financially but still a huge amount of supporters. We really thought only very few people knew of us and figured we would burn a lot of the 10% back for farmers and builders. Many of the processes the Master Protocol guys had set up were to roll out over the 30 days. We were all totally caught on the hop and that is why it was the best day for us all and the most scary thing I have ever seen.

All 10% got purchased and that is great, even better is the amount of people, a huge amount of small purchasers was my goal and we reached that for sure. So all the staff in maidsafe were in with all their BTC as well as what seems like thousands of others, so a huge success, yes, lessons for others, absolutely. Tired, well yea you would not believe how much.