If you truly believe this I’d have already left as an investor. Team has proven no knowledge of how to market or design favorable tokenomics. Besides, there is no budget.
It’s impossible to successfully market autonomi imo (note: downsloping chart for over 10 years, hopeless, does not recover at a 99.9% certainty) unless there’s already organic growth. Organic growth is established through community building. You’ll only keep this community together if the network shows steady progress, applications are monetizable and UX is at least on par with nowadays mobile/browser applications.
People are creatures of habits you see, and none is going to use the network if things are different or suck. You’re talking about VC’s but there’s not even liquidity? How do you expect them to become interested and acquire coin? Foundation can do OTC but i doubt any VC will be interested this late in the game/history of the project. Giving coin to influencers is the obvious one, but even this requires certain skills/knowhow i doubt mngm has.
Just a sign of my insanity I suppose. If I could see the future, I would have sold and bought back in many times. I’m a pretty loyal person though in the end.
These days that knowledge is just an AI prompt away. It’s not complicated and I’m sure they could do it if they had a will to do so. David used to go on show’s, but he was always attacked because of how long it was taking to get product to market. That’s not an issue anymore and, even if he is no longer mentally capable of it, someone else can be hired - an agent really is what is needed - someone who does this professionally.
A budget is just some numbers on paper, so that’s an easy hurdle. I suspect that what you mean is that there is no funds? … but according to @Dimitar, there are funds - 300Eth … a small fraction of that can buy a lot of advertising and can hire a temp agent to work on promotions for 10-20 hours a week.
In fact, if they want to hire me, I’d be happy to do it for very little, provided they put together a budget.
Actually, this is a positive and not a negative. As low as it is in comparison to other storage network tokens it’s the perfect setup for investors to come in and help. There is huge potential for profit right now.
You keep thinking in terms of bringing in users … but this is totally cart before the horse. Perhaps the team thinks this way too, which is why we keep losing value and eventually we will lose users.
The first thing to do is bring in influencers. The influencers will bring in investors (from small ones like me, to big fish) and these people will talk up the product everywhere, bringing in users last.
Exactly - which is why nothing will change until influencers and investors are incentivised to break the habits of people and bring them onboard - this is what influences and investors do - they change the minds of people. Why do you think I am here and posting up a storm on the topic!!! This is part of my job as an investor.
And as you may have noticed, over time, my posts are getting more and more likes. The more the token drops in value, the more people are coming around to what I am saying. If myself and a couple of others here can shift the needle, imagine what a hundred and then a thousand more can do.
We need positive can-do energy, Thinking there is nothing that can be done to change the course of the project isn’t going to make things any better and I have to wonder why people who do that are even still here posting. Creature’s of habit indeed.
Sorry about my negative energy, but sane, solvent investors look for negatives, downsides, weaknesses – when you look at this project through critical lenses, it’s a grandiose cloud coming outta spliff, and it dissolves as quickly once you focus on details in the context of that thing called reality.
Then you have insane investors – that kind influencers can make scurry around you for a week. They come and go, because their initial ignorant enthusiasm based on buzzwords cannot be sustained.
This project has already been supported and abandoned by enough sane, solvent people for the others not to fall for “some time in the future, it will be huuuuge”.
It’s an Amazon talking about selling and delivering everything without ever being able to sell a single book because a bookstore? Too easy.
We disagree on the quality of this project for sure and again, why are you here if that how you feel. It makes no sense.
However regardless of the “grandiose” possibility, look at the other storage projects that have massively higher market caps and yet we can do all that they can do and likely better – and this is what a real investor is going to look at. There is no means to value something relatively novel except by comparing apples to apples. And any decent investor is going to do this and see that there is huge potential here.
It is the unique nature of this project that attracted many of us, no?
There is and was always a great possibility it would not work.
S&P 500 was a choice when every person who bought maid, made that choice
It was never going to launch and be AWS overnight.
To be fair too, almost everyone that has alts is crying at the moment. But it definitely feels like we are taking one hell of a beating all while privacy is a hot topic.
I have repeatedly stated/admitted/assured I’m a fan, and I also said “when you look at this project through critical lenses”.
Since it took you a couple of posts to lose it, I’m not sure how you wanna market this, because once you present this to the non-affiliated world, worse, much worse burns will be coming from people who are way more cynical than me. And why are you here’s won’t cut it / won’t convince anyone, especially sane, solvent investors.
There is 1/3 left of the bamboo fund, 335 ETH, 120k in usdc/usdt and a few maidcoin
I consider this as barely having funds, acknowledged by team there is “a little bit of runway”.
A decent coder cost you 100-200k annually.
A serious crypto influencer endorsing your project cost you anywhere between 50 to 200k minimum, that is if they even care to promote.
You need millions for marketing to penetrate through in crypto, multi-millions. But also a capable and creative team.
This project needs organic growth and some serious guerilla marketing, don’t count on it’s foundation.
There is always money somewhere yet many projects call it quits. This is not a very rational approach when looking for projects to invest into. I don’t think team call it quits anytime soon btw, but if there are less funds things will get more difficult, of that i’m sure.
In the USA maybe, where they are about the most expensive devs on the planet. There are much cheaper places, with equally capable people. That’s a big reason why Maidsafe is remote first and why the devs aren’t based in the USA.
Don’t forget “Mr $30m (was it?) in BTC”. He’s working on the project that those funds were provided to deliver, but whether he feels obliged to try and make it viable - ie have a network on which to run it - nobody knows.
I suspect he would, but it’s a big ask given the temptation.
EDIT: maybe someone would like to check on those funds, @Dimitar?
There is also this double reality, where there seems to be some pretending that all the progress in every front would not be predicated by the developement of the tech. And that the developement would be even a bit predictable. Example, removal of relays:
Roland has been working with many things, not only relay removal, so I am not sure, but I sincerely hope that new release is not needed for relay removal to happen.
And then when there was this release of the “Roadmap”, there is David speaking some very speculative stuff of possible hyper-solutions in some unclear point of time.
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So, for me it seems that we are right back on the terrain, where there is just this uncertain technical developement, like it used to be. But on top of that there are some talks of timeframes, that can not be trusted at all. Nevertheless they create expectations, that are never met. And never meeting them is never talked about at all.
