ANT Token - Price & Trading topic

Ah yes, the art of arriving at conclusions with the depth of a puddle. Truly inspiring :+1:t2:

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Disagree, the project is the strongest it has ever been, the state of the token is somewhat depressing.

The token at 1 cent or 5 dollars doesn’t change where the project is at.

Obviously we would all prefer 5 dollars.

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Shouldn’t the Autonomi community (i.e. node runners) be able to vote on and change this if it’s not delivering positive results?

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When decentralized communities fail, it’s often because members without deep technical knowledge sway the project’s direction through voting. Right now, the team that is most committed to the network and possesses the deepest understanding is working with the highest sense of responsibility. Suddenly suggesting that we bring in an outsider to solve the problem—how does that make any rational sense?

If you want to propose and solve critical issues, don’t just remain a passive community member. Prove your skills and dedication, join the team, and then the community will listen to you. A community member is merely a loose participant.

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I’ll just note that the team plans to introduce a DAO so I think you’ll be surprised by the future



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I sometimes wonder—does running a Bitcoin node automatically grant you the knowledge to develop Bitcoin software? The same applies to DAOs. Node operators have the authority to decide whether to upgrade their nodes to the latest version, but the overall direction and development responsibilities should be led by those driving the project. Should a mere node operator have significant influence over the entire direction? That’s just like how modern democracy fails due to a one-person, one-vote system. I am strongly against such an approach.

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Well, I think it’s enough to cross the border of your neighbors to find out if you’re right :wink:

I hear that @Southside also wanted to personally experience the grace of the better management of the experts so you can invite him on a little vacation
 :happyant:


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IMO, and as I reasoned before, if some large datacenters with nothing to do and free electricity (looking at you China & N.K.) jump in to earn crypto - via government policy (in N.K.) or simply on the sly (manager of datacenter in China perhaps wanting to earn with resources they manage), then they could run a few million nodes 
 then those small payouts turn into big profits for them at little to no cost for them.

This is why rewards here are a fools errand and provide nothing for the network at a whole, hurts token holders, hurts shareholders, hurts the foundation, hurts maidsafe, and hurts the future of the network.

Can anyone name one logically sound benefit for the network to push out these rewards? I can’t think of one - especially considering the opportunity cost - where this money could be going to building the network at the grassroots level.

I am also concerned that these rewards, if there really is no long term benefit to the network could be seen as a violation of fiduciary responsibility by Maidsafe to it’s shareholders. I hope they had a legal person on this before starting it - as the last thing any of us would want is a shareholder lawsuit to make the project look bad.

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Yes and no.

Of course we would all like a little return on investment after the big bang, but
Watching the team, the release, the network, the community building, discord
 a token at this price is a bargain.

I think many people agree its a bargain.

It looks like we have something like a dutch flower auction.

Every current buyer is playing a game of chicken. I would love to gobble up all the coins at $0.01 but someone else keeps buying higher. haha.

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Without it we would not have 20 million nodes and the team would not have been able to identity issues that come with a bigger scaling network. Imagine running into these problems when we’ve reached 100k members in the Discord.

I think people continue to forget that there are unforeseen things that can happen and we’re dealing with a very small team compared to what they’re trying to accomplish. I strongly believe that the team probably acknowledges that the emission is not ideal for the current state of the network. But I also believe that they simply choose to not spend time thinking if they should change it, spend legal costs figuring out if they’re even allowed to change it etc etc. Just put a little faith in the team and trust that they’re doing the right thing.

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I’m not sure this is the case. What issue has been so identified from this size network. Also paying influencers (as one example) to grow the network may have led to the same sized network we have now, but with real participants - no way to know.

Hindsight is 20/20 with regard to mistakes 
 perhaps if Maidsafe can see this as a mistake, they can step back and change course.

No shame in doing the right thing.

No. Faith is for religion, it’s not for business. Also the costs for Maidsafe shouldn’t be too much of an issue now I think - don’t they have a new pile of tokens from launch to use for development - or at least the foundation should, so I don’t see that $$ is now a problem for them going forward (unless token value drops hugely.

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Everyone has an opinion. You’ve made yours loud and clear.

I’m sure the team has considered this too and have reached a different conclusion over priorities at this time.

Of course, you’re free to repeat your concerns, but it starts sounding like demands after a while.

There are a few folks here trying to apply leverage to make the team do as they want. I suspect that is when the team actually start to disengage, rather than the opposite.

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It’s pointed out in the Whitepaper. These emissions help to keep reasonable network size and fair store costs. At the moment there is no reason to make the network bigger, and costs are already minimal compared to gas cost, so since the emissions cannot be stopped (they are in Whitepaper), maybe just reducing them would be a good idea.

Anyway, manipulating with emissions makes the whole system more centralized, the central point being the Foundation. On the other hand, leaving this untouched adds centralization among node operators


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It’s amazing why you chose to take that out of context by selectively choosing what I wrote.
I was specifically and explicitly referencing perception from outside of this community.

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Reasonable network size? What does that even mean? Certainly such a premise has been proven false by now. Also store costs are primarily affected by gas fees, not token price and subsidizing that only creates a fake economy - and I’ve discussed that many times here on the forum. By subsidizing nodes, we are only setting ourselves up for a cascade collapse in the future when this subsidy declines - and such is the opposite of a permanent data network - that’s a scam network to be perfectly frank as we are claiming to be a permanent data notwork, when in fact there will be no way to keep the network alive down the track.

What we are doing by subsidizing now, is kicking the cost of storage into the future - it’s like borrowing from our children thinking, well they will have everything cheaper than we do now, so it’s okay to take a little, it’ll be fine 
 how has that view ever worked anywhere? How much debt is the world drowning in because people keep borrowing? It’s all fallacious thinking that leads to the build up of ponzi schemes just like the banking system has become.

We need a STABLE network with honest economics, and honest metrics such that people can evaluate it clearly and so see it’s real value and utility.

Ditto my friend.

I must have a very persuasive voice then (at least for your ears) as I don’t believe I’ve sent any such commandments to the team or anyone else. I’m only expressing my concerns, which go unanswered as far as I’ve been able to determine.

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I really don’t understand this storm in a teacup
 We are at the beginning of the beginning, the team is still testing many elements on a slightly larger scale, we don’t have a native token for that we have a bypass in the form of ERC20 in order to make the network free at all, we don’t yet have a functional API and many other elements necessary for the network to function on a market basis, so why wonder about the state of the network and the price of the token when we are still so far away from the final version?

If someone has so much talent to have created a network like Autonomi, they also have the knowledge of how to bring it into the main stream and David and the team should be trusted because they are overcoming obstacles very well, and the reward system is necessary to stimulate the network in the early market phase, moreover these costs bring huge experience, so they are fully justified.

We are unnecessarily focused on cents, let’s focus on solving problems and look towards billions


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Correctomundo!!
And that also goes for those whining about not getting ALL of their sepolia attos delivered as ANT — RIGHT THIS MINUTE.

Cos its not like the team doesnt have better things to do at the moment.

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But people could have ant on sepolia they are not due as real ant as they came from community uploads.

It was only ant from official uploads that was to count

I think there are some right effing chancers amongst us.
Anyway, beer tomorrow late afternoon?

Look at all this FUD to keep the price down, and accusations by scammers of devs being scammers.

I know that’s a blanket statement. Of course there’s criticisms and feedback. I see some silence from devs (and occasional not silence) because they’re probably seeing these critiques—and then either doing something about it, or developing something about it, regardless—or both.

Just know that pushing your concerns too hard borders on impatience and worse things. Granted: sometimes, there does just need to be that hard push. Even if it’s only stemming from one’s own take on things whether real or not; I get that. Sometimes I even think I am responding to naysayers only because of wanting to combat my own doubts.




All I know is that if the native token was attempted with everything else current: I see now in retrospect that nothing would get off the ground. Absolutely nothing. To get anything done in a step by step value, there is absolutely sacrifices. But I think, even without the step by step concept, it would’ve been an impossibility for native token to be made. Or it would’ve taken absurdly longer to code everything else.

So the nodes have been increasing for a month or so, and that fact has been in the spotlight for a bit. However, now in these past two weeks, just past all that spotlighting — maybe, people have been expecting devs to have encapsulated more “completed” solutions. And yet, there’s been not much of such thing. That along with the price going down to this sobering level. There is the devblog, which is something.

Anyway, if anything, just see any “non-action” as some breathing room from all the feats that have been accomplished to this point.

Of course, the price being where it’s at may as well turn that breathing right into hyperventilating.
So people are converting that feeling into their words of concern and frustration.

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