Post
Topic
Board Announcements (Altcoins)
Re: [ANN] IPO of MaidSafe:  Entering the Future of the Decentralized Internet
by
Chang Hum
on 28/04/2014, 01:54:34 UTC
Why was Safecoin offered at a 50% discount when priced in Mastercoin compared to Bitcoin? Before the announcement, Mastercoin was just below 0.1 BTC. Surely it is not hard to see that once the IPO pricing for Safecoin was announced, Mastercoin will jump up to 0.2. Was this an attempt by the MC ppl to pump up the price/value of Mastercoin? It just does not make sense. Let's see If Maidsafe or Mastercoin foundation can give a clear & honest answer to this question.

Your point is spot on, but your figures are incorrect Mastercoin was priced at 0.06 and they announced to change the price to 0.08 (at this point I warned Nick Lambert of maidsafe via email in a joking way about this sort of price manipulation) So was dumbfounded when on the 2nd announcement (the price was at 0.08) they said they were moving the price to 0.2!!