Blockchain Venture Capitalist Brock Pierce owns 10% of all MaidsafeCoins

Brock Pierce is one of the most well known entrepreneurs and investors in the Bitcoin industry. He talks about buying 10% of the MaidsafeCoins during the ICO a bit past the 20 minute mark in this podcast. Good to see it is being held by strong hands.


Not for me, the more small holders the better IMO.

Off topic, but my reasoning is: Centralisation of power is fundamentally self destructive - without some balance mechanism nature eventually resorts to collapse. Limits on wealth are missing from our economic system and cause problems because some/many humans lack the ability to self limit, and regulation/laws are ineffective once individuals become too wealthy/powerful.


To quote from the podcast @22:13: ‘I think we owned like 10% of Maidsafe when it went live.’

Yes, I fully agree with this. I think one of the main reasons cryptocurrencies haven’t had mass adoption (yet), is that most people buy them to speculate. I’ve nothing against speculation/saving in crypto (in fact I’m very much in favour), but until people are earning it I think adoption will be limited. So I think that enabling people to do this by a process like farming, will be a major boost to the adoption and use of MaidSafeCoin.


Wow that’s a big chunk for one individual to own. Does anyone have any links for the spread of MAID ownership? Would he be the largest individual holder (outside of the founders?)

He might be a strong hand but as the others above have mentioned I’m not sure whether this is a good thing to have such centralisation of MAID.

I agree completely that more small holders would be better, but I think that for most Cryptocurrency’s and even Bitcoin, a large share of them are owned by a small number of individuals. It is just the way of markets and nature. Look up Pareto’s principle. The amount of money that wealthy individuals are pouring in the Cryptocurrency’s outweigh the amount of money totaled by small individuals. If we were to somehow unveil all the top individual owners of each Cryptocurrency, I think we would be surprised at how much centralization of the wealth there is. It would be better if the wealth was more decentralized for the reasons you stated but I think it is unrealistic to expect it to be so. And it is a free market in the end. So with that in mind I think in this case this is a positive for Maidsafe because at least Brock Pierce is a known individual within the space that has resources and power that can help Maidsafe grow and give other’s confidence in the project. Better him than a few unknown individuals who are just looking to make a profit from a price increase.


I don’t know if he’s the largest holder but the founders are not large holders because they did not receive preferential terms.

David has said that he bought a small amount on the same terms as everyone else - AFAIK no individual received MaidSafecoin without paying for it on an equal basis with everyone else.

David also donated his shares in MaidSafe to the MaidSafe Foundation so he and other MaidSafe employees earn shares on a similar basis as I understand it, while the Foundation both holds some Safecoin (issued in error due to problems with the crowdsale being part manual, part automated), and will receive a portion of Safecoin income from the network. The Foundation (a strictly regulated Scottish Charity) is therefore a major shareholder in MaidSafe, and in time perhaps also of Safecoin although it will doubt dispose of Safecoin in order to raise money to fund is charitable work (such as education and maker/fab lab type things).


10 percent is actually low compared to other alt.coins whalers.

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I just started digging some info about this Brock pierce fellow. He was involved in a pedophile scandal several years back along with a failed venture capital dalled DEN (Digital Entertainment Network). From interviews he seems like a nice dude, however when you start digging deep into his past you will find some really fucked up shit. It’s weird why a person like that would be in charge of holding so much capital in MaidSafe

Brock was part of Mastercoin as well…the same group that screwed up the crowdsale for MaidSafe…

I’m sure he and all his buddies dumped their Mastercoin in exchange for maidsafe. They are essentially getting rich from giving maidsafe worthless coins.

It’s pretty crappy to take on a client for an ICO, and then immediately use them as an exit strategy.


The biggest issue with knowing who owns what is that it is expected that any large holding will be across multiple addresses and maybe some in exchanges. Take Poloniex they have about 1/4 of MAID in their exchange (2 major addresses)

Anyhow here is the top 100 from yesterday (EDIT: wish I was in that list :disappointed_relieved:)

95000000   1Co1dhYDeF76DQyEyj4B5JdXF9J7TtfWWE     Poloniex cold storage
38130133   19h9LpXHVKEYzDJCKdhaXkmu3zavZdiyYk     Received some 44 million in crowdsale
15485826   1Po1oWkD2LmodfkBYiAktwh76vkF93LKnh     Poloniex Hot Storage
8353026    1AoDUDd2qK9YU3ps5jzd6hWCzF2kLwUoiN
7096283    1BgQmAZ9wSEF5MvrN6dRopUBr1XDw1PAt
6175224    1DUb2YYbQA1jjaNYzVXLZ7ZioEhLXtbUru     Bittrex Storage
5000000    133pYGsG2dDVFSsNK5RSuK7fQFmzjCNquY
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Care to share any evidence for this? It’s a pretty wild accusation you are making here. Being a new user makes it at least somewhat suspicious that your first post is one where you cast the project in a bad light by making some wild accusation about someone who may own a large amount of the MAID.

He’s not holding any capital in MaidSafe he supposedly owns a large amount of MAID, which is basically the same as holding BTC. And holding BTC doesn’t mean you are owning a part of any company or project. You’re (trying?) to make it look like someone who you accuse of having a troubled past is connected to this project.

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Here is all the evidence you need. I would not make such grievous accusations without facts to back it up. Pedophilia is no joke

BTW im not accusing anyone on this project, I think this project is fantastic and the developers are doing a hell of a job. I’m just sharing my thoughts and what I found with the community so we can have a discussion. That’s all.

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Well well well If that’s not passive aggressive…

Here’s his Wikipedia page:

It seems the claims were made 17 years ago when he was 18/19 years old. I’ve only read the wiki briefly and haven’t done much digging though.

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Correct, no one knows if they still hold any MAID at all.

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Okay, I guess the wording of your first post was just unfortunate then. Because it reads like you are directly connecting Brock Pierce to MaidSafe. And it seems there is barely a connection if any at all. In my opinion holding MAID coins doesn’t mean anything really. There’s no direct connection between the project / MaidSafe and Brock Pierce.

I read his Wikipedia page (thanks for the link @mailliam) and your accusation was indeed based on fact. I’m not going to watch the YT video since I’m not interested in learning more about Brock or what happened with DEN, but thanks for supplying the link.