Post
Topic
Board Announcements (Altcoins)
Re: The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread
by
hmmmstrange
on 02/06/2014, 02:16:46 UTC
mastercoin foundation burn rate.....

1/1/2014 4431 btc
5/1/2014 3298 btc

4 months 1133 btc = 283 btc per month
3298/283 = 11.65 months from 5/1/2014

My calculation the foundation will be out of btc on April 20th 2015.

Most of the btc was spend when it's value was considerably higher then it is now. The only thing that can save the foundation from bankruptcy early next year, is another 500% increase in btc's value.

If btc's value had stayed the same as it was during the ipo, the mastercoin foundation would have been broke months ago.