Quote from: hmmmstrange on May 24, 2014, 07:31:45 PM

Quote from: RawDog on May 23, 2014, 12:16:22 AM

Quote from: dacoinminster on May 22, 2014, 07:45:28 PM

Quote from: BTCHybrid on May 22, 2014, 07:20:23 PM

Why would someone request payment in mastercoins if they were going to convert it to bitcoins immediately?

They knew the payer was a large MSC holder, and the payer (who is a generous, trusting soul) wanted to get the payee more invested in the MSC ecosystem while working on some private MSC projects. After my warning that the payee would almost certainly crash the market, they spoke and the payee said they would only sell ~10% on the open market, but I was dubious that this person who never had the next months rent would suddenly develop responsible money habits.

Sure enough, the entire sum went straight to MasterXChange. Bah.

I'm a little annoyed that this happened to be sure, but it doesn't affect our long-term prospects. Just an opportunity to get some cheap MSC, IMHO.

It kind-of reminds me of the time when MSC was at .25 and you decided to sell and made a major announcement to that effect. The market crashed almost exactly the same way. After these crashes, interest and devs leave the project (Tachikoma). There should have been some kind of 'lock out' agreement which prevented mass selling by insiders looking to crash the project momentum. What a shame really.

JR did have a self imposed lock out agreement that he would not sell below .75 but somehow the board members convinced him to "diversify" his holdings.

JR, you've been giving Jed advise this week?

You know, in light of whats happening with Ripple, I think it would be a good time to make some rules/clarifications regarding JR's stash. I've said it before and I'll say it again- I'm totally happy with JR having a crap load of Mastercoins. Nothing makes me happier then a) him having incentive to keep working b) it being build on Bitcoin so thus not being a distraction. Maybe I've love to have more Mastercoins myself, but he did PAY for them with over 1K of BTC which would have had him riding pretty high in the real world had he not invested them. (Can he get them back out?)

That said, maybe just clarify for everyone your intentions for the future? So we don't have to deal with a Ripple-esque shit storm some point in the future?

thanks!