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Well, davidpbrown has a point, and you too. But have you done some research into bttf? It’s not like theyre particularly new and maidsafe and bttf have a contract, As do the investors. Especially if you use Bitcoin, it’s clear that you sent your Money to them. They would be held accountable if they didnt return your money.
The same will be true once the mnimum is reached, the Risk will basically be the same.
Why did synero got more investment than maidsafe…!!! Their minimal is 1 million. This is ridiculously steep, and obviously had multi-million dollars investors before they announced it.
Maidsafe only needs 2,616 people to invest 1.3k to reach the goal. The forums is less than 2k members. I dunno how they gonna reach the goal. Let’s hope they do.
I suspect @dirvine might have some tricks up his sleeve. If not, worst case scenario I get my money back. I invested (3 days ago so don’t look at the counter on my account) and my only regret is not being liquid enough to buy ‘A’ shares.
It’s simple. This idea is pretty awesome. And they seem to be well on the way of making it happen.
If MaidSafe really does manage to overthrow the g̶o̶v̶e̶r̶n̶m̶e̶n̶t̶ internet in 10 years, I want to be able to tell my kids that I helped make it happen. 
My only fear is that the fact it took 10 years to get to this point - which reminds me a bit of Duke Nukem Forever - might say something about the speed in which they will commercially exploit their own system. By this time, the competition will also develop for the network and might just do a speedier job.
Anyway, there are more reasons to invest and a good part for me are idealistic ones.
Also, millions. 
Do all Bnk opportunities have a minimum £1000, or is that unique to Maidsafe?
Also, (never saw this answered) did other opportunities behave in similar manner? Meaning, did any, in particular, of the previous companies get a bunch of people investing during the 2nd half? (I didn’t know about the website until Maidsafe’s entry.)
… There are now a couple people in this thread saying that they really would rather wait until more people invest, so that the minimum is reached, hence being much more secure/satisfying of an investment. This shows that it’s not at all similar to the crazy crypto crazes that get as much as possible dumped into them, with no minimum limit. Anyway, hopefully something happens between now and 10-15 days left. It’s really an ultimate irony if it doesn’t get funded; Maidsafe has never really followed traditional patterns, though, especially regarding hype (except for maybe MVP, and lesser extent Alpha), as everyone is now aware of.
Every little bit helps to get to that minimum.
If it’s not funded, what happens? Dare we speculate?
The minimum investment varies, I’ve invested in some with a 1000 Pound/Euro/Dollar minimum but there are also some I’ve invested in that had a lower minimum. I think a 100 was the lowest, but it’s been a while ago.
Not sure why exactly the minimum is there, but I guess it doesn’t make sense to have 10.000 people invest only 1 Euro. I’d think that 250/500 would still be worthwhile though.
I hope there aren’t a 100 people waiting until the minimum is reached before investing, that would be a shame especially if the pitch doesn’t make it in the end. Hopefully some big investors will get aboard and trigger the people who are waiting to invest as well.
I think what happens is that MaidSafe will need to consider other options for additional funding. Perhaps the MAID price will take a beating as well as it’s seen as a negative that the project didn’t get additional funding this time around. That may be an incentive for (large) MAID holders to consider investing in the BTTF pitch.
We have obviously been considering the prospect of the campaign not being funded, it is certainly not over yet and we have been looking at some incentives to try and move the round out of it’s stagnant state, you will see more on this in the next day or so. In the background, we are currently negotiating a partnership that will provide MaidSafe with additional funding, but also provide access to one of the world’s largest markets. We would love to tell you more at this stage, but as the deal is not yet agreed and not guaranteed so we need to keep our lips sealed, for now at least.
In addition we have over 19 million MAID left and we have been liquidating Omni from the crowd sale as there has been a very small resurgence in the past couple of months, I think due to Omni supporting the Bitfinex token issue. We are taking a huge hit on the cost, but as we had effectively written them off in feels like a nice bonus.
So we are working hard to make the BF campaign as successful as possible and your ongoing help is really appreciated, but should we not make it, the company still has a decent level of funding and with development progressing, it makes it easier to raise more funds and also gets the company closer to becoming self sufficient.
The £1k is a minimum set by BnkToTheFuture. We have asked about lowering this a couple of times, but this is not an option at this point I’m afraid. I agree this is probably hurting us, but we did know about this rule going in.
When I look at the Synereo campaign I wonder if their "pledges’ are what is driving the fantastic levels of interest, they are listed down the right side of their main pitch page: https://bnktothefuture.com/pitches/synereo. Looks like investors can purchase AMPs with some large bonuses. This takes nothing away from Dor and the team at Synereo of course, they must be thrilled with the response.
2.3 million is a lot of money. I did not read anything about this fund raising on Business Insider, this is very important online news portal. It would be good to take a look what is a marketing strategy, media out reach and brand building plan, what are the KPI, metrics team in charge of this strategy operate and are they delivering according to the milestones set.
As for resorting to 19 million MAID you have left, don’t forget that price is down 20% in last month. And although this is grey unregulated area ( not like equity, options, stocks ), you have ethical responsibility towards investors in MAID coin, this people are your Customer Zero and your biggest supporters, if you drive them away, you have nothing, whatever product you built.
Much smaller teams, built much valuable products with far less money. I suggest working on a brand, marketing, media outreach, monetization models and strategic partnerships with major players, to give strength to this project. Coding goes so far.
We are doing that, but it does require a sufficiently developed product/platform to do that.[quote=“geronimo, post:306, topic:11039”]
As for resorting to 19 million MAID you have left, don’t forget that price is down 20% in last month. And although this is grey unregulated area ( not like equity, options, stocks ), you have ethical responsibility towards investors in MAID coin, this people are your Customer Zero and your biggest supporters, if you drive them away, you have nothing,
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Agreed, but as someone else pointed out in another thread the coin value has increased in excess of 500% since the crowd sale. These coins are being used to fund development and we are seeing clear progress there (alpha, test nets, APIs, documentation…etc…). Hopefully our supporters see that we are delivering value and see that we are working to remove our reliance on MAID.
Perhaps you could make investing into the pitch more attractive by giving a MAID “bonus” to investor. For example 1 MAID per Pound invested. So the minimum 1000 Pound investment would give the investor 1000 MAID.
It would obviously mean that if you would raise the 2 million Pounds it would mean you would have raised 2 million Pounds - 2 million MAID. If that’s a big cost then perhaps something along the line of 1 MAID per 10 pounds invested. I guess a 100 MAID isn’t all that much, but it would give investors into the pitch some “starting capital” once the Network goes live giving them and their friends/family the ability to buy some storage space, etc.
It would also be a way to spend the MAID without dumping it onto the market in huge quantities.
Krekc problem with that is that nobody knows ( I mean not even developers ) what is MAID coin. Coin has a value because of social contract between two persons. They agree what the value is. When you pay 1 euro for bread in a shop. Value of bread is not 1 euro. It is a value you and salesman agreed too. It is always a perceived, subjective value. Now 1 euro can be split in 100 cents, and this gives some objective value to 1 euro. But 1 MAID coin. Can be split indefinitely. 00003849 MAID for example. Now when/if network ever goes production, it will be very hard to ascertain, how many MAID is produced, and what can you get for that MAID. I expect price of MAID to fluctuate plus minus billion percent because it is all maid up anyway. Get it MAID - maid up 
Personally I think the only reason synereo overfunded before the campaign started is because they are supported by some folks at silicon valley wich have interest in the project.
A couple months ago Dor (Ceo) and some team members went over there following some business/development course to enhance specific skills around these subjects.
They partnered with nfx guild for this and are giving talks over there.
They have a great team and great tech just like maidsafe. They use blockchain but have solutions to big problems also.
Would be attractive, especially if you let them know, that Maidsafecoin means that they can sell it to developers in the future, who want to make use of resources on the SAFE Network. A loss of 200K Maidsafecoin in exchange for 2M pound at the moment seems reasonable at the current price.
We’ve lost so much already. Get it in investors their head that this is a money that will power apps. Maybe repeat it again how many apps there are in the world and how much it cost to run these. If they can get an idea (price) how much it would cost to run Netflix on the clearnet/webhost in comparison to the SAFE Network.
I don’t think this is a problem. It’s safe to assume that people that invest on BTTF are already familiar with Bitcoin and crypto currencies. They will also be smart enough to read and understand a short explanation about MAID and that 1 MAID will equal 1 Safecoin once the Network goes live.
You are right that we don’t know what 1 MAID (or 1 Safecoin) will buy you once the Network goes live. We do know however that it will be worth something. It may be an incentive for some to invest, look at it as a nice added bonus. For others it may not matter, but even if it draws let’s say 10 more investors it may be worth it.
You’re pretty close to the mark, here Mark, but there are a couple of differences. We’ll confirm the incentives later today.
One thing really important to keep value in safecoin is to keep side projects also in safecoin and only give the ability to use colored safecoins as assets etc.
One example is eth, they use it in every side project and this has some reason.
It sounds like a good plan.
Am surprised the £1m minimum was a BTTF imposition, I don’t really see their logic, except that they can always point to “£1m+ raised” instead of smaller less prestigious amounts. I’m sure I’ve seen pitches with lower minimums too, but maybe I’m wrong.
Not to be too self centred (I won’t hit the roof if it’s a ‘no’ - whatever it takes to get this thing across the line, after all) but I hope any incentives would be retrofitted to those who had already invested? If not, I may have to go back under the mattress for some more!
I think the discussion about a minimum was in relation to the £1,000 imposed by BnkToTheFuture on each investor, as opposed to the £1m minimum that MaidSafe set. At least that was my interpretation.