Quote from: mishax1 on June 02, 2014, 10:53:38 AM

Quote from: hmmmstrange on June 02, 2014, 02:16:46 AM

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.

pffff.. what a bullshit conclusion...

The foundation knows that they are running out of money.

Quote from: April board minutes

Proposal to Raise more BTC to the Foundation - if we ever decide we need to raise more BTC for the Foundation (e.g. solicit some institutional investors), some major MSC holders can promise to give some percentage of what they sell to them to the Foundation. This way an investor knows hes not just making us richer, but also contributing to the health of the ecosystem and Foundation.

So this is how JR and friends plan to cash out.

Who the hell proposed this? Who is the acting secretary and can't take minutes properly?