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Re: The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread
http://www.coindesk.com/overstock-ceo-delivers-historically-charged-keynote-bitcoin-2014/
Interesting. Mastercoin perhaps
No, Nxt. Quote
Staying true to his style, during the question and answer round today Byrne revealed that he had plans for potentially listing his company on a block chain kind of a stock exchange.
Watching his words, he said: I would already be interested in issuing a bond or something, so we could be the first to list this sort of security.
He revealed that Overstock was in the early stages of looking at the legal propriety of dual listing on NASDAQ and another stock exchange. While they have not ironed out any concrete plans, he said:
Watching his words, he said: I would already be interested in issuing a bond or something, so we could be the first to list this sort of security.
He revealed that Overstock was in the early stages of looking at the legal propriety of dual listing on NASDAQ and another stock exchange. While they have not ironed out any concrete plans, he said:
Interesting. Mastercoin perhaps
If he chose to do this, in Mastercoin or Nxt or whatever, it would be huge for the bitcoin community. Patrick Byrne is really smart guy and the power he has, as a CEO of such a big company he has lots of control.
Regulators are not exactly powerless either.
Just an update for all of you guys.
Ken has told me that my 6 prospectors are staying as prospectors and that they have been shipped according to his project manager.
I will give you an update once i get tracking.
They have been shipped?Ken has told me that my 6 prospectors are staying as prospectors and that they have been shipped according to his project manager.
I will give you an update once i get tracking.
Lol, I belive that when you get them.
Putting stuff in boxes is just too damn hard to do for ActM. Accepting money on other hand is something they are great at.
There is a 90% chance that the unit will not get posted, not arrive or be dead on arrival. Then there will be a 0% chance of getting a refund.
Why would anyone order a unit from this pretend company?
I personally believe that ActM should just turn off their homepage.Why would anyone order a unit from this pretend company?
No single person in their right mind will buy from them anyway, just ship to those who paid already and refund those who should have it and focus 100% on mining.
No one in their right mind will EVER do business with your company if this is the treatment you serve out.
+10000
It will not matter how cheap ActM's gold rush miners are. People will not order from Ken because it will be a HUGE gamble with money.
If I were interested in buying a miner I would simply buy a more expensive one ($/gh wise), but from a company with better reputation.
Ken's inability to deliver products and refunds will be the downfall of ActM.
I think they are sold out now.
92,754 MSC & 3,496 BTC are sent.
92,754 x (3,400 x 140%) = 441,509,040 maidsafecoins
3,496 x (17,000 x 140%) = 83,204,800 maidsafecoins
That is more than promised 429,496,729 maidsafecoins that were to be sold during the IPO.
92,754 MSC & 3,496 BTC are sent.
92,754 x (3,400 x 140%) = 441,509,040 maidsafecoins
3,496 x (17,000 x 140%) = 83,204,800 maidsafecoins
That is more than promised 429,496,729 maidsafecoins that were to be sold during the IPO.
So far:
21,449 MSC and 2,097 BTC have been sent to the two addresses resulting in 152,005,840 bought maidsafecoins.
That is ~35% of all 429 million coins available for sale.
The numbers keep changing by the second, so this is just a snapshot.
21,449 MSC and 2,097 BTC have been sent to the two addresses resulting in 152,005,840 bought maidsafecoins.
That is ~35% of all 429 million coins available for sale.
The numbers keep changing by the second, so this is just a snapshot.
can you guys at maidsafe explain how safecoin can appreciate in value if it is constantly being diluted through the por mining process?
it's basically the same as with bitcoin. bitcoin is being constantly diluted however the more people use the network, the more valuable it gets
its not like bitcoin. its a not a scarce resource. the more ppl connect to the network the more safecoin there are. you don't have to go on an exchange to buy safecoin. as long as the resources you offer the network are more than the resources you take from the network your use of the network is free.
there is a limited number of safecoins. that means it is scarce.
Quote
It is proposed that safecoin will have a predictable cap (232) with a value that is determined solely by the market. Safecoin will be a virtual currency with SAFE being used to complete transactions.
There is no hard set cap on safecoin as there is with bitcoin. I don't approve of bitcoins inflationary model so I find it hard to approve of safecoins hyper inflationary model, determined by moores law. The number of safecoins is correlated with moores law and the value of safecoins is thereby correlated with the cost of resources which will continue to decline.
You have to understand this from a pragmatic perspective. Why would I ever pay for this service when I can simply offer the network more resources than I can use. Safecoins are not the same as investing in a companies equity, because companies do not continually dilute the shares in the company. Safecoins are more a way to account for and economize resource on the network. You can only loose money by holding on to safecoin. The price of safecoin will never be determined by the market per se because no one ever has to purchase safecoin as long as they provide more resources than they consume.
because no one ever has to purchase safecoin as long as they provide more resources than they consume
Is not this same thing as "noone will ever purchase bitcoins, as long as they mine more bitcoins than they consume" ?Re: The Official Mastercoin Foundation, Master Protocol & Mastercoin Thread
I read in this article: http://www.forbes.com/sites/kashmirhill/2014/04/08/beyond-bitcoin-crypto-ownership-companies-hope-youre-ready-to-decentralize-everything-on-the-internet/ about maidsafe and that they will have their IPO using mastercoin.
Great stuff!
Although watch out, bitshares wants a piece of the action as well.
https://bitsharestalk.org/index.php?topic=4090.0
Great stuff!
Although watch out, bitshares wants a piece of the action as well.
https://bitsharestalk.org/index.php?topic=4090.0
Quote
We talked with maidsafe today and will be using our Dns system and they will be consulting with us on the economics of their system.
In the end the mastercoin ipo will be insignificant compared to our partnership potential.
In the end the mastercoin ipo will be insignificant compared to our partnership potential.
the media will eat this failure like a desert.
Phase 2 of the rollout campaign: FREE PRESS!!!LOL!
Danny made this statement to a Coindesk reporter:
Quote
My silence is for a very valid and personal reason, all the rumors that are flying about are false and couldnt be further from the truth. I havent moved from Cyprus or anything of the kind I am TEMPORARILY out of the country resolving some big issues that were made much worse by people stating incorrect facts in a public forum.
Link to the article: http://www.coindesk.com/neo-bees-suspends-btc-share-trading-due-abnormal-activity/