MaidSafe rebuilding secure decentralised internet with BnkToTheFuture equity fundraising

I agree with you, but it’s probably too late to be practical. It’s hard to change things once they’re out there.

As we both know, SAFE will get there with or without BttF, it would just be a bit simpler and easier if it were with.

Agree with your post, it is important that we are critical as well as devoted. For the sake of the cause over ego/politics. I hope I’m totally wrong and have to eat my hat!

3 Likes

Ya never know till ya try. Its harder to recover from a lost opportunity to raise a couple million bucks.

1 Like

If it will help remains to be seen, but I understand the idea of the USB.

Personally i’ve followed a bit (not invested nor played/planning to play) the successful crowdsourcing of 2 games.
Games and MaidSafe are probably difficult to compare, but who knows, maybe it can give inspiration for someone.

  1. Divinity: Original Sin 2 via kickstarter: depending of how much you invest, you get extra’s like t-shirts to your name on the title screen of the game, if you pay the most.
    Also not all the money comes from the crowdsourcing and they have done the same for the first version of their game.

  2. Star Citizen: work in progress, at the moment 124 million dollars funded… I find that a lot of money for a space simulation game. The investment there takes mostly place by ‘buying’ space ships to be used in the future game…
    You also have stretchgoals (same for first game).
    However, an important reason that it is so succesful: it is produced by the same guy of the first really popular space sim game.

1 Like

Maybe it is enough and there’s half a mill or more that was waiting in the wings and will drop for the reasonable bonus period… 1 per £2 isn’t bad… £5k in = 2500 maids as a bonus. Not at all unreasonable to suggest they alone could cover your total investment in a year or so. £2 safecoin sounds like a likely 2017/2018 scenario. Not bad as a ‘bonus’ on top of shares in maidsafe spv, considering the usual pennies on BttF would take 1000 years to be worth it in itself. I hope punters don’t mistake it for the like of their previous giveaways, this one is at least very worthwhile.

I’m whacking my last few btc in, at least I feel some sense or urgency to act before 26th now, well done for that. :stuck_out_tongue_winking_eye:

1 Like

Good for you, keepin it positive. Heres hoping this all works out in the end.

Fingers crossed all us negative-neds got it wrong :slight_smile: .

3 Likes

What Safe’s equity sale is missing is a strong pull to the get-rich-quick crowd.

For better or worse, that’s what seems to drive the successful tech crowdfunding attempts.

1 Like

As a last resort, in the last week or last 5 days, this number:

Equity on offer 6.25%

Could be substantially raised, let’s say to 12.5%.

Just an idea, without knowing the rules, regulations and consequences that might not make this possible.

yeah I thought 6.25% seemed like a low amount for raising 2.5 million dollars, does anyone else feel the same? Especially now, when our audience and followings are still quite small

I just bought a share for my moms,

Much support for David, Nick and the A-team! They are the DNA of the SAFE Network. :kissing_heart:

6 Likes

Well, you know, it depends how a company is valued. If they want €2.3M for 6.25% of the shares, it means the company is valued around €37M. Well, to the seller that is. The buyer however might see reasons to value the company (much) lower, hence seeing no reasons to buy stocks at an inflated price. Inflated to the buyer that is.

I cannot really judge what is a fair current value for MaidSafe, I can calculate some figures here and there but the final judgement is up to the investors. And they are obviously not jumping in en masse, which makes me think that they value the company and it’s future revenue model lower than what is presented to them. I think no Safecoin bonus scheme with some bitcoin cloud mining is going to change that.

That’s why I suggested to go to the root of the valuation and offer a higher % of the company.

4 Likes

That´s the key point here; investors talk with their doings and they say: I don´t put a penny at this prices.
Maybe that´s the reason no partnership has been reached so far: no sufficiently favorable conditions for us that we are taking the risk, only for you.

1 Like

People give too much credit to the money :wink:

Money is not clever or insightful and it doesn’t reveal some cunning truth behind its movement.

As I mentioned previously, the most profitable pitch that has ever been on BttF failed to hit its minimum.

The valuation of maidsafe is crazily low. Considering the potential I think the company is massively undervalued.

I’m afraid people are looking for maths and logic where there lies only stupid sheeples with their emotions and instincts.

Not really imo, they simply say, “this doesn’t look exciting and if everyone else isn’t rushing to get in on it then it is probably not interesting.”

Always back to poker I know, but it’s very much like when you play a big buy in tournament. Everyone starts assuming people are making good and well thought out, calculated plays because the buy in was $10k. Trust me, it isn’t true most of the time. It’s usually the same idiots making the same desperate and ill-conceived stabs, they just have bigger bank balances.

3 Likes

I can imagine it’s a delicate process; MaidSafe giving up some independence which will no doubt feel awkward, and potential shareholders having to judge a fair current value of a company that has a track record of existing 10 years and having only delivered an Alpha release with two handful of testnets without Safecoin. Their core product is a non-blockchain project and where is all the hype currently? Exactly, blockchain! So the true believers are in, but the relative outsiders need a great pitch. Because contrary to common believe maybe, people with money are not stupid.

What is really missing on the bnktothefuture platform right now, is the possibility for investors to communicate with each other. Once you follow each other, you should be able to communicate with each other IMHO. If you can’t, we just life in our own bubble clueless of information, that could help us decide in what to invest.

A week ago, within a hour, just by talking to somebody about the SAFE Network, I was able to turn him from: ¨I’m totally clueless about the SAFE Network" to “WT#@# I’m gonna invest in Maidsafecoins and I’m totally hooked now”.

How I did it? I explained him how apps work right now. Right now you pay monthly/yearly for a domain and cloudservice to keep your apps running. On the SAFE Network you pay a one time fee and you can run your app basically FOREVER. App devs rule the world, app platforms rule the universe. The SAFE Network enable app devs to rule the universe, just by having SAFEcoins. Ooh yeah I also mention that he can register any domain name and sell later, when he heard that and I gave him the list of most expensive domain names…

@nicklambert maybe you could give Simon Dixon the tip (to let investors communicate with each other). Synereo is describing Maidsafe, in their pitch and getting all the money. :disappointed:

A messaging function on bnktothefuture is too late now, but maybe he can mail (I know he can mail, I received mails from him) the Synereo investors and ask why they don’t also invest in Maidsafe? Because it’s similar to Synereo, but is close to delivering (or whatever wise words one would say). :stuck_out_tongue:

This would also help

Investors only want to see this

3 Likes

No, I don’t think so. In a poker tournament the vibe is very different. Players have to make faster decisions under a different type of pressure compared to just looking at your screen for 30 days, trying to make a risk - profit calculation.

Clearly your opinion here.

Considering the potencial of something is a subjetive thing, considering only the facts the pitch says it is overvaluated.

Maybe you are undervaluating people here.

2 Likes

Couldn’t agree more! In terms of investor participation, the crowdfunding was a resounding success and a couple of years later when there is some tangible evidence that SAFE will work as promised we get a tepid response? That say everything about the herd mentality of “investors” and nothing about the value of this company.

2 Likes

I’m thinking the same, that’s why I invested next to my MAID position. A number of investors from outside probably think Maidsafe is taking too long being around for 10 years. But the R&R was really needed. This is quite a different model that could change the world. Google became popular in the late 90’s as they had their timing spot on. I think the time is exactly right for SAFE now. We were in testnets with over 3000 nodes and all worked out well. We had fast, fully encrypted connections that even punched through the firewall of China. This is huge! Next steps with Safecoin, messaging, mail and all the other apps will surprise a lot of people. And as SAFE scales without any “blockchain debate” we have the road open with this technology.

8 Likes

Looking from investor´s perspective it could see it as follows: a couple of years after a crowfunding there is “only some” tangible evidence that SAFE will work as promised; I gonna give a tepid response or even no response to this pitch, I don´t see it clear.

It could or it could not. That means that can fail and the risk is high. Where is the according benefit to this risk?

This “can” be huge!

Ok, I will stay tune, meanwhile…others can take the risk for me. Too much potencial, to much uncertain… wish you all the best (investor perspective mode off)

3 Likes

True, the risk is high, but the company is being valued at €37M, so the benefit associated with this risk if the company only minimally delivers on its business plan will be huge. Downside:100%. Upside: unknown, but IMO at least 10X if SAFE is even modestly successful.

Yahoo just admitted that 400 million of its users accounts were hacked a couple of years ago and Yahoo is a tech company that’s supposed to know things about data security! I think it’s SAFE to say that there is potential demand out there.

For me, investing in the equity is like buying an option with no time decay because there is no expiry date.

4 Likes