MaidSafe and project SAFE moving forward

Community Blog Posts
183

I’ve just send and hope others follow :stuck_out_tongue:

Thanks @nicklambert I can go to work as a happy man

Thank you Maidsafe devs for all your hard work, you girls/guys rock

7 Likes
184

Is there a goal in mind with the level of funds trying to be raised? IE are you looking to create a war chest to last another 12months, another 2 years etc?
I noticed a few times it was mentioned that you may or maynot sell all the borrowed coins, so i have to assume theres some target in your minds for where you want to be? Or perhaps its all just rather arbitrary based on recruitment levels at this stage?

As an “investor” i was initially dismayed at this update - then when i sat back and thought about it i realised i actually feel more comfortable knowing that the funding is (or hopefully is) going to be there for a while now, as it was the 1 aspect of the project that never sat easy with me as it always seemed a vague/confused. Maybe i got bitten by the fanboy bug along the way, but i do hope these branches eventually bear fruit.

3 Likes
185

Wondering if something like the following might be a good idea:

  1. Foundation sells MaidSafeCoins in chunks for Bitcoin at a set price (e.g. 0.00013)

  2. Foundation lends Bitcoin raised in sales to MaidSafe

This could be beneficial because:

  1. Less short term market uncertainty. Markets shouldn’t be affected greatly except for a temporary price ceiling around the set price

  2. Community members who want to help out can buy a chunk of MaidSafeCoins at the set price knowing their investment will go directly into development efforts. Larger investors can buy good quantities without pushing the price up on an exchange during their purchasing activity

  3. MaidSafe will have a loan denominated in Bitcoin, which is less likely to appreciate as much as Safecoin in the coming years, so less will need to be repaid. Probably best not to have MaidSafe owning a debt that grows faster the better they perform!

There could be variations on this (e.g. denominate loan in Nubits instead of Bitcoin), but it would be great to find a way to unlock the value of these coins to the MaidSafe team without damaging the market in the short term or creating a significant debt for MaidSafe going forward.

2 Likes
186

This project is everything and it must go on at all costs.

Don’t stand in its way.

187

how to send a private message to devs?

188

Welcome to the forum :thumbsup:.

You can post your questions here I guess, the devs are quite busy as always. But hey do check the forum to answer questions.

1 Like
189

I’ll send some Bitcoin on payday this Thursday.

It’s the least I can do to have developers 24/7 willing to communicate openly and honestly with their community. A community that struggles together stays together :slight_smile:

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190

i would like to send a PM to the devs, there’s a reason for that.

191

uhm click on the dev’s name and then send message.

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192

You can just click their name and then send a ‘pm’ if you want to send a pm to dirvine scroll to the top and click his avatar/picture

193

I wish to buy up to 10 million of these in a single batch. Maybe more, depending on the price.

This would give Maidsafe a huge amount of funds immediately and would not impact the price on the exchanges.

I’m a private investor and would pay via Bitcoin.

14 Likes
194

there isn’t an option like that (PM) as far as I can see

195

There should be a ‘message’ button. So you click their picture in their post and then click the ‘message’ button.

196

i don’t have a message button there, any email?

197

I sent you a sample pm and included the developers on it.

198

so will they see it if i reply?

199

Seems because you are a new user, not all functionality is active for you on the forum. You can use this link: Providing Privacy, Security and Freedom | MaidSafe Let’s keep this topic about Maidsafe and project SAFE moving forward.

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200

David has been telling us for some time that MaidSafe would need more funding, that they were talking to investors, but also considering other options (including, I believe using those extra coins held by the foundation in some way IIRC). This was very wise - to have a plan B when trying to make a deal with someone whose only interest is to get as much from you as possible, and who you know is likely cut you off the moment they see a better option elsewhere.

So high five and well done to David and MaidSafe for maintaining their independence. Nobody here should underestimate the importance of that. Been there, done that, it’s worth a lot to all of us, whether spectators or believers in a better world. We all benefit by MaidSafe having complete freedom to deliver the way they see fit - every one of us.

I do understand the fear, panic, and gut wrenching awfulness of having bought, watched a price rise - felt rich and happy(being) in that profit - followed by a drop that makes you feel terrible and nothing to do but hope and wait, or cut your losses. Been there too. You have the opportunity here to learn, or to complain and blame. Let me just say that you will not be a better investor until you learn not to do the latter, even when it is someone else that screws you - which is not the case here:

Note: the price didn’t drop the claimed 30% after the announcement, and what drop there was seems unlikely to be much to do with this announcement IMO. Just look back at Tuesdays over the last few months and you’ll see bigger drops from time to time. It’s a market. Go learn about markets, this is what they do. They are not for everyone, and in fact not for many - most people lose money in markets. That’s a fact of life. If your emotions are in charge, it’s time to step back because those who win do so by not letting emotions be in charge. I can’t do it myself, so I don’t speculate (well, maybe a little :wink:).

Everyone here believes in MaidSafe right :wink:? Well, lucky you if you have some cash to risk because you have a price drop, and an opportunity to buy in at a price I didn’t think we’d see again. But hold on, someone said it will go to 6000! Better wait…? Yeah right. Nobody knows. It’s a market, feel your emotion and distrust it.

If you don’t believe in MaidSafe and are just speculating, that’s fine too, but see my earlier points about markets.

The things that bother me here is:

  1. Do MaidSafe now have what they need? I trust David that he believes he can deliver with this but I know there are no guarantees either, in which case I trust he’ll find a way. So not really a worry, except I’m a worrier when things matter a lot to me :slight_smile:

  2. This:

So we pay them back, not at $ value but in coins.

As @bluebird noted, the cost of this loan could and probably will skyrocket, not least because MaidSafe will not be able to start repaying what they spend out of this until SAFEnetwork is out there, proven, and they have some revenue generating apps running on top of it. They could, actually I’m sure will, benefit from early farming, but it isn’t clear if that will be enough to put a big dent in this, or pay it all back. I’m sure David has thought about this so obviously I don’t know exactly how this will pan out. It bothers me though, because I think it means MaidSafe and it’s shareholders (which I think in the main means its employees and the Foundation) are likely to be saddled with this debt. This feels wrong because it has consequences for them personally, as a company, and for the Foundation, and of course could have knock on effects for the project (e.g. in team morale). It seems a shame this burden isn’t being spread more evenly - across all MaidSafecoin holders for example, but I see why that is probably not an option.

15 Likes
201

I believe so give it a shot

202

That is indeed a great option the team should consider