I suppose the price of Safecoin will initially be much lower than MAID is now

[Felixx]

Ah I see what you mean. Yes I certainly agree.

I think the Safe network is not unknown but also certainly not well known by any means. I assume there is significant room for speculation, if only for the uncertainties involved.

[dirvine]

@happybeing

@dirvine are you saying that equity holders effectively have a rolling option to sell their coins in forfeiture of their MaidSafe Ltd. shares (in proportion), or to sell their shares to the foundation while forfeiting their coin (in proportion)? It’s hard to describe let alone to tie up legally!

Yes that’s it, works very neatly so existing investors have an almost rolling offer to buy shares and also works for the community in that there is no weighted advantage. So it all makes us all happy when it works as safecoin values will be high and people, if they take up the offer, will gradually leak those safecoin back into the network. So I predict a win all round with investors and network participants etc. all made happy.

[bluecat]

Presumably like many others, I’ve been holding MaidSafe for quite a while now and have also been buying more to build up my holding, but I just have a couple of questions at this juncture if I may? Forgive me if this has already been explained elsewhere, but the forum is growing to a pretty huge size and sometimes it’s difficult finding stuff. My questions are as follows:

1. Is it possible for anyone to buy shares in MaidSafe Ltd, or is that closed to members of the public?

2. The price of MaidSafe is currently falling quite dramatically (now well below the IPO price at time of writing). To give ordinary investors in MaidSafe an incentive to hold and buy more, would it not be a good idea to allocate a premium of a few percentage points to holders of MaidSafe when the time comes for the transition to Safe at launch?
   That might give some support to the price as well as give a reward to investors for their support.

Please note, I didn’t know that the supply of Safe was going to be much larger than the supply of MaidSafe? I thought they were the same given it was to be a 1:1 conversion.

Many thanks

[neo]

@bluecat

Please note, I didn’t know that the supply of Safe was going to be much larger than the supply of MaidSafe? I thought they were the same given it was to be a 1:1 conversion.

I can at least answer this for you. MAIDSAFEcoin is a token which will be converted 1:1 for safecoin.

As the network operates the total coin will reach a maximum of 2^32 coins of which 10% as a token (MAIDSAFE) was sold at IPO.

[Melvin]

@bluecat

1. Is it possible for anyone to buy shares in MaidSafe Ltd, or is that closed to members of the public?

You should get in contact with Maidsafe for that, I’m not sure what the right email address is for these kind of questions but @nicklambert is known for always helping out when I highlight his name here .

@bluecat

Please note, I didn’t know that the supply of Safe was going to be much larger than the supply of MaidSafe? I thought they were the same given it was to be a 1:1 conversion.

I’m not sure what the question is here. 10% of all coins was sold during the crowdsale, the other coins will be allocated later on. (don’t know if this was your question)

@bluecat

2. The price of MaidSafe is currently falling quite dramatically (now well below the IPO price at time of writing). To give ordinary investors in MaidSafe an incentive to hold and buy more, would it not be a good idea to allocate a premium of a few percentage points to holders of MaidSafe when the time comes for the transition to Safe at launch?

I can’t see why this would be a good idea. Buying the coin at these prices are kind of premium to me already.

[bluecat]

That part was more of a note than a question and it was related to the question just above. But thanks for answering it

[bluecat]

Going by some of the earlier comments in this thread, there seems to be a perception that the price of SAFE after launch could actually be lower than the price of MaidSafe is now. Personally, I don’t think that will happen because once it reaches the point of launch that will mean there is a finished product. And if there’s a finished product then it will be all aboard the train to the stratosphere.

However, perceptions are important and so my point was that a bit of a premium over and above the 1:1 ratio for MaidSafe holders would go some way to counteract any false perceptions in the price being lower on account of the larger quantity of Safe issuance in comparison to MaidSafe.

Hopefully that makes sense

[Melvin]

@bluecat

Going by some of the earlier comments in this thread, there seems to be a perception that the price of SAFE after launch could actually be lower than the price of MaidSafe is now.

This was based on a false statement by OP .

@bluecat

However, perceptions are important and so my point was that a bit of a premium over and above the 1:1 ratio for MaidSafe holders would go some way to counteract any false perceptions in the price being lower on account of the larger quantity of Safe issuance in comparison to MaidSafe.

I think that every should just receive 1:1 because you’re free to do with the coins whatever you want, no premiums and no restrictions. Even if someone wanted to implement this I wouldn’t know how to see who is a holder or who is a trader. You could say that someone who hasn’t moved his coins since the crowdsale is a holder but some holders moved their coins to more secure solutions for example.

[nicklambert]

Got it, thanks for the heads up, @Melvin.

[bluecat]

@Melvin

I think that every should just receive 1:1 because you’re free to do with the coins whatever you want, no premiums and no restrictions. Even if someone wanted to implement this I wouldn’t know how to see who is a holder or who is a trader. You could say that someone who hasn’t moved his coins since the crowdsale is a holder but some holders moved their coins to more secure solutions for example.

It could easily be done. It has been done with BTS many times in my own experience, although in hindsight that was all pointless because there is now the shambolic BTS 2.0, which I already gave up on, but that’s another story.

It is also currently being done with the NAUT / NXT redemption, I’ve done that myself with no problems.
But I would presume that some mechanism is already in place for MaidSafe holders to be transitioned to SAFE? Hopefully!

[prophetx]

i dont think it would be easily done at all. I’ve moved my coins from various addresses, even moved them across exchanges, etc

[Felixx]

I am still of the opinion that the price will be lower after launch. Besides the increase in supply, it is simply the natural progression in these speculative markets (‘buy the rumour, sell the news’). Look at the price of every other coin after the project was launched.

It is simply a fact that real demand through actual usage takes a long time to build. The value we are seeing in practically every altcoin even after the launch of the respective network/ project is predominantly determined by speculation.

[Melvin]

@Felixx

Besides the increase in supply,

Increase?

@Felixx

Look at the price of every other coin after the project was launched.

As far as I know a lot of projects haven’t really delivered what would have been their ‘promise’.

@Felixx

It is simply a fact that real demand through actual usage takes a long time to build. The value we are seeing in practically every altcoin even after the launch of the respective network/ project is predominantly determined by speculation.

Because these projects weren’t made for mainstream usage from the start and even right now (for example) BTC isn’t used by that many people. If the SAFE network will be delivered as intended I think that even non-technical people can use the network, because that’s one of the goals for Maidsafe too: Make it as easy to use as possible.

[digipl]

If you are so confident is easy, near launch go short.

[gohan00760]

Well your first opinions of what was going to happen and why have been proven to be completely false so its only normal for someone to stick to their guns and keep the same opinion even when original assumptions are proven wrong .

Where is this buying on the rumor that has to occur before the selling on the news of release?

right now you are claiming it will be lower than what it is now on release , so how is that going to happen, how is that going to be the same as every other coin, that would seem to suggest there would be a rise before the release of it, its going down and you think its going down even further on release .

so you are using evidence from historical norms saying “buy the rumor , sell the news” but for what you have predicted to happen to actually happen , it would be “sell the rumor, sell the news”

you have come up with an idea of what is “going to happen” which doesn’t even follow the market norms which you use as an example, you are being hugely hypocritical in your analysis

[Felixx]

Yes increase. Please read up on the issuance of SafeCoin.

[Melvin]

You’ve been proven wrong before, please copy your source into this thread so we won’t have any false information here or anywhere else.

[Felixx]

They weren’t false. Please read again. If your investing skills are on par with your reading comprehension you are bound for success! I mentioned that I wasn’t sure when the specific additonal fractions were going to be released. To be honest we still don’t know at which speed the additional set-aside amounts will be released (‘over time’ is vague at best).

I have refrained from buying and so far it has served me tremendously well. We will simply wait until launch for you to apologize.

[gohan00760]

@Felixx

The problem is that upon a relase with Safecoin integration, an additional 10% of the supply will be introduced (that is set aside for early investors/ friends and family [5%] and open source developers [5%]) plus an additional 10% for App developers.

this has been proven wrong…

my reading comprehension is just fine thanks

[Felixx]

How about this thread: SafeCoin totals - #17 by nicklambert

It even claims: verified by Melvin (lol) and Nick Lambert