I doubt very much converting MSC was an option. MaidSafe ended up with so much of the stuff that attempting to sell more than a fraction of this in such an illiquid market would simply floor the price, undermining the prospect of it ever being saleable. I think it has to be written off, held for the long term, and if Mastercoin ever finds a way of establishing liquidity in MSC, maybe it will have some value.
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