This discussion is not relevant to Maidsafe Funding any more. Please stay on topic or take it to say other coins topic or a new one in #off-topic.
Thank you for understanding
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Yep and when the USD ends up like the Venezuelan currency, everyone will be scrambling for alternatives
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then hold your “precious btc” and hope for new people who will be willing to pay more than you did so you can make profit, good luck.
its pure business, if the crypto was in any way risk for the goverments then exchanges would be banned, but for now lobbysts (whales) do pay the right guys in governments to postpone any decisions and others ( tom lee etc.) to build the hype and thanks to that make huge money on naive people believing they will become rich.
I think you did not live during hyperinflation otherwise would you think different … 
Things are not for wealth but for storage of value. I do not believe in the fiat money…
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Please feel free to continue the discussion on money (fiat and crypto) to my new thread → https://forum.autonomi.community/t/crypto-ban-bill-us-debt-spiral/
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Looks like there is plenty of money starting to slash into crypto investments again:
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Hi All,
I just re-opened an old thread about migrating MAID tokens from Omni to another protocol, with the aim of securing MAID liquidity over the medium term:
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What about an option to ‘lend’ our MAID to MaidSafe to finish development, once the network is up and running, MaidSafe will have a constant income of SafeCoin from the network, so can repay our commitment back. As a reward a small portion of MaidSafe company shares could be allocated to these people.
Advantages:
- Stops everyone running for the door if MaidSafe announces they need funding.
- No more MaidSafeCoin is created.
- Long term holders of the MaidSafeCoin get what they want (a finished network).
- This lock-up / lending process means the token has another utility while we wait for the network.
Right now my Maid stash is doing absolutely nothing, I would rather put it to use to get what I want, ultimately a working network.
Thoughts?
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I like the idea. I would lend all my MAID to MaidSafe without anything and without a shadow of hesitation…
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I agree I would also do it without anything. But interest free loans are complicated from a tax viewpoint. I was thinking more 1 MaidSafe share per 100,000 tokens? or something small so its not seen as interest free.
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personally I want mine on hand to trade when there are good opportunities. I think there are some real HODLers that would do it though. To me your numbers just don’t sound enticing. A slight bit of interest at the cost of the opportunity to make much larger margins trading, and also be able to exit if say the company doesn’t look like they are succeeding.
One thing to be careful of is that when you add interest it almost surely becomes a loan which almost surely makes it a security. Just to clarify why this is not good, polo is geoblocking anything they are worried the SEC might consider a security to US customers.
PS feel free to come join me and @neo in debating if MAID is already a loan here https://forum.autonomi.community/t/why-dont-we-just-have-our-own-exchange
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There is nothing at the moment so no debate.
If you start loaning MAID as a financial instrument then you open a can of worms.
not that the company taking a loan is a bad idea. Just its a bad idea to ask for a loan from a bunch of small investors that are not necessarily qualified to trade in loans. What they should do is approach a bank or angel investor and be like I want a legit loan, like you might give any business with promise, and if we succeed in becoming profitable we will pay you back more at that time.
They will do as Nick said elsewhere. Most likely an equity deal/sale/whatever you call it
yep I think they are prolly already soliciting angel investors (if not they should be to get the best deal and not have to take whatever in a panic because they about to run out of money)… and generally they want equity not just some set interest rate. Unfourtantly that means they lose more profits if its wildly successful, but at least that means the whole pie got bigger so hopefully they are still happy with their slice.
A bank loan might be hard to secure since they are kinda an R&D type company, and not just like I want to sell landscaping services, but first need to buy some equipment… ya know something that’s been tested and proved profitable if you just be smart and do the work.
Last time we used bttf.
That takes away the concern of not allowing unqualified investors.
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Presumably, maidsafe would need to sell said tokens, which would put downward pressure on the price.
Considering the money sloshing around in crypto, I am sure there are other options too.
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What is happening? Is there some risk of not being able to fund the project to completion? If so it would be ironic in the extreme but also understandable given how hard the task is and given that the global situation keeps moving the goal posts on the magnitude of the required sutuation.
I just noticed that Gates and Buffet are calling for total exoneration and holding harmless as a condition of moving forward all fossil fuel interests which puts their whole history into proper perspective. It shows me their true colors and their retrospective social uslessness. Both make a bunch of charity claims but I think if we look we see its all spin to cover their own lack of social utility. Both if they could figure out how to be stringless and finally socially useful could fund and accelerate this project to completion with a millionth of their charity claims but just as with Gates despite all his decades of green blather finally showing true colors on green distraction you can’t expect oppressor intent to turn on a dime.
It was announced a bit back they had 8 months left of runway and I think everyone agrees that is likely not enough to fund this network to completion. Now this was kinda before the bull run took off, maybe the actual # of months has grown to 12-15 if current crypto prices hold? Not sure as Nick has not given an update there and really with how up and down crypto prices been recently its hard to know if this is the full bull market taking over or temporary and drops are coming.
I still don’t see why the community is giving all these alternative ideas because MaidSafe already announced they had two plans of attack. One was academic funding, which sounds like an awesome option to me if they can secure such funding, otherwise looking to find funding with a VC that shares in the same ideals as them. I remember a few weeks back on twitter someone from academics mentioning being excited about partnering with MaidSafe, I don’t know if that was related to the whole academic funding path nor what the current status/timeline is on that route to further funding. I am guessing when MaidSafe has new updates for us they will share them.
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what they really need to do is derisk from the crypto market. If their people insist on being paid in fiat then they should be 100% fiat so they know how long the current pool of money will last. Ya maybe it will go to the moon then problem solved. But it also might crash then the problem becomes bigger.
I think the academic funding route seems like a good exchange since this project has implications in many other fields then computer science. I would say it relates to anthropology, philosophy, and economics as well. Problem with universities in my experience is they are all about the 20/20 hindsight. When the project comes to fruition the academics will be all over it. Seeing this in advance though… they might be like no we don’t take risks like that.
To me the VC seems the most likely route. Go hit up Anthony Di Iorio from decentral.ca. His org was one of the first angel investors in ETH and I think they might be very interested in investing in the safe network… not so much for money as for the ideals, then later when it moons people can be like “wtf no fair you made so much money!”