MaidSafe and project SAFE moving forward

Yes we will consider everything, but no massive rush. Always best to think and sleep on such deals. It’s hugely appreciated and we will endeavour (as always) to do what’s best for all of us in the community. Totally appreciate the offer/sentiment etc. though.

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@nicklambert @dirvine …here’s your man. If this guy is real, he’ll pay a premium to yesterday’s top market price.

Im fond of an old saying “It’s not a problem if money can fix it, it’s an expense”

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I would think selling that many at the current price is not what they have in mind. Sell as few as possible over as long a period as can be. Thats the sensible route.

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I see nothing wrong with Maidsafe creating an app or two as sources of income. It is not unheard of for research companies to put out a money-making product that funds their main research interest. And there is surely a multitude of possible apps, so why leave it all to non-Maidsafe app devs, who have already been given a free droplet sandbox.

If they, or we, can dream up a winning app, they could do a crowdsale of that and have an infusion of money in a short time.

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If you wish to discuss further details of me buying a batch amount, just private message me (if it’s activated on my account) or email me. :wink:

By all means take your time, it’s an important topic.

I would prefer to see these coins sold in batches to private investors rather than adding downward pressure on the exchange price for months.

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Ethereum is mining 30% new coins this year. That’s 2,5% new coins each month due to mining. 19 million MAID is 4,19% of the total available coins. If they bring these to market spread over 6 months that 0,7% “new coins” per month, still way below the monthly 2,5% ETH that get mined and brought in existence, and only for 6 months. And I even believe they will take more time than 6 months.

So I have not a single worry about any pressure at all. The numbers that say “pressure” don’t add up ;-).

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I would agree with you under a different set of circumstances, I think they need to raise capital. Could they be exposed to a lower market when they decide to convert? Uncertainty is the force working against the Team - as it would any company - and the risks increase that the market price for Maid will be lower as each week passes without big results. So should they risk it all and wait for a pullback to .00003 or put the cash to work and accelerate progress?

Ethereum is an anomaly and I dont think parallels can be made with anything. This is a the epitome of crypto speculation. There are some very deep professional wallets moving ether daily and they have no interest in Maid. Thats not to say Maid wont have its day, its just not today.

Ether was not an anomaly, but a carefully planned, well marketed, properly financed coin. Which showed something different could be done with blockchain to improve some aspects and add new functions. Maidsafe only lacks funding to achieve far greater results decentralizing entire internet infrastructure, as most people on the planet need and want what it offers, to improve privacy and solve real hot burning issues, while only Turbo nerd club of crypto enthusiasts and aggressive investors are understanding ether atm. Safenet will set the world on fire when it comes about and eth +btc will move blockchains on it as the backbone piece for the complete security.

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Lets hope they all use Safecoin for currency on it ;). Instead of Bitcoin then the value can be huge.
Anyone know if you can split safecoin just like btc and eth ?

Let’s not wander off topic: but search for “Safecoin divisibility” and you’ll see the answer is “yes, but not as we know it Jim” :wink:

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The Maidsafe team is steller with regards to code. With regard to financial decisions, not so much (sorry, just my personal opinion). :confused:

The crowdsale was a dabacle and it looks to me like history is repeating itself. What’s worst is that mistrust is growing with issues being pointed out like the movement of these accidental coins that @MrAnderson mentioned. I trust that you will provide a reasonable explanation for this soon.

In light of all this I second what @MAID_SandM said

Maidsafe should proceed with as much openness, transparency and inclusiveness as possible IMO.

Several like @sprks and @whiteoutmashups have already made suggestions so why not discuss and have a community vote on all suggestions that are feasible for Maidsafe the company to do?

Development takes time and bugs come up and I appreciate that this process is not being rushed so that we get a quality product. However, while we wait, we can help keep the long and short term investors happy by including all of us in this process of keeping the dev team funded.

Just my two cents. :grinning:

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What I hear when I listen to what David has to say leaves me confident that there is yet to be released information that could/should bolster the price along with the steady current progress meaning that 19 million if it ever gets to the point of selling them all is a drop in the MAID ocean. Selling that amount to a single unknown individual who could decide to dump them with no discretion would be very dangerous and equivalent to throwing money away…
I own many maid only because i believe in the values that company represent and know that they will do whats ultimately best for the project and its success.
Would you sell 50% of you holdings today, no chance. If i had a bill to pay tomorrow it would be torment for me to cash in any of my MAID. I have no doubt they feel the same.

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In fact there were many problems facing the dev team as a resuklt of poor/mismanagement. One was poor planning with BTC and they ran out of money. Vitalik was concerned. The volumes of BTC / ETH do not reflect retail transactions and that is cause for concern. I agree with all your points on Maid.

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Where is the lack of openness and transparency.
Idk if you own or run a business but the day a CEO allows forum or “community members” to make or vote on financial decisions for his company it’s gone too far. There has no doubt been significant consultation, thought and consideration prior to making the decision public.

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Notice I said proceed. I believe they have been as open as possible but also believe that more can be done especially in regards to including the community more in the final decision making process. That is if their decisions are not yet final and they are willing and able to make adjustments after this community response.

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The crowdsale was not a debacle because MaidSafe did anything wrong. They acted honestly and openly throughout. I’m sure they would do differently, with hindsight, but that is never a reason to think they should have done better at the time. I certainly think they acted swiftly to respond to and stave off a potentially disastrous situation incredibly well, and saved the company and the project by how they handled it. All crowdsale investors should be grateful for that, including those who took advantage, and dumped MSC (in fact especially them).

What’s worst is that mistrust is growing with issues being pointed out like the movement of these accidental coins that @MrAnderson mentioned. I trust that you will provide a reasonable explanation for this soon.

This has already been answered above, and IIRC was already public knowledge on the forum. We can’t all read or remember everything, but it’s easy to assume when we are upset or worried. There is no basis for that distrust IMO - it is what it is, but not much MaidSafe can do when they are already so open about these issues, and also respond so fully and directly when asked about them.

@MrAnderson jumped to a conclusion because of distrust, and created more distrust. I don’t know why because he’s normally shown so much confidence in the team and David, but we are all human and this is what we do.

On the other side though, I’m sure it’s hard for David, Nick and the team when people are quick to judge or criticise or lose trust. But they just get on with it.

I want to say a big thank you to the team for this. I know this project is very demanding just from a technical point of view because I’ve done a lot of team based leading edge technical development over the decades. But to stick at this so long and remain so productive, increasingly under the microscope, while having to ride the fickle ebb and flow of public opinion is something I’ve never had to do myself. I tip my hat to you (if I had a hat :wink:). [fade in the theme from The Good, The Bad, and The Ugly]… Thank you all, and I hope you can see this for what it is - just humans doing their stuff. :slight_smile:

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I Think money should not be any problem at all in a few years, If i believe this prediction.

For now it seems the market is reacting not that bad on the news.

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@safety1st

I believe they have been as open as possible but also believe that more can be done especially in regards to including the community more in the final decision making process.

I don’t think this is possible or desirable. It’s fair enough for us to have opinions on everything, but we can’t and shouldn’t expect to be involved in the decision making processes of the privately owned company or the charitable foundation. They are separate entities with separate interests to the community that we and they are part of.

They and we all come together in the interests of the project itself, where I think we can hope to be, and evidently are very much involved (which is a credit to the vision and integrity of David and Nick). They don’t have to do that either, but they are setting a new standard by so doing.

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Thank you for pointing out that the coin movement issue was addressed and I will be sure to look for it in this thread. Please excuse my laziness.

I agree that Maidsafe acted honestly and openly throughout but do not believe they made the best decision at the time. There was even those on the google hangout who tried to point out the flaws. As an outsider / lurker at the time, it did not make any sense to me why the discrepancy between bitcoin and mastercoin contributors was so big and it did not seem fair. Others noticed this too which is why I think the mastercoins price got pumped. As a non techie, I could not figure out how to use the mastercoin wallet so I ended up selling them to add to my bitcoin stash to participate in the crowdsale.

All I’m suggesting is more community involvement / input this time around to help avoid additional mistakes and help keep investors happy. For example: The team can say these are the suggestions from the community we are considering and here are the suggestions that are not feasible. This would be open for discussion and than a vote.

FYI - Please do not take my suggestion as an expectation because at the end of the day a cheaper Maid is more Maid for me. Therefore, I am perfectly fine if my suggestion is not possible or desirable and those investors who feel excluded or disgruntle for other reasons start to sell off.