Thanks @dirvine and team we knew when it became close there would be unrelenting pressure from all sides. Keep fighting the good fight. We are on your side.
I watch coinmarketcap daily for a number of different coins I have (long MSC as well). To me it seems they take the prices from different exchanges and calculate the dollar price based on BTC/USD price. So if the BTC goes down a lot, the MSC should go up in price to compensate, otherwise it would go down as well in dollar-value, even if the MSC/BTC price would be the same. A couple of weeks ago the BTC was going down quite fast, but the MSC stayed at the same USD-price because inverstors payed a higher price in BTC for MSC after BTC got down in USD. To me this showed that the market is paying a price for MSC based on USD. It’s not another alt-coin. Same for Bitshares-X. They released a test-version of their software and their marketcap got up to something like 78 miljn. To me MSC is still very cheap. I will not be surprised if the marketcap for the MSC will beat Bitshares-X at the top op 78 mljn. But don’t take my word for it. No advice in here
Correct me if I’m wrong but this image says Litecoin’s market cap once was $926.523.474 (!) . There isn’t any advice in this too but next to some network effect (second altcoin) and faster confirmations, I believe there isn’t anything special about Litecoin. On the other hand Safecoin has got a lot more to offer then every altcoin out there right now AND is the first non-blockchain cryptocurrency.
So not an advice but if even Litecoin has almost reached a market cap of 1 Billion Dollar
If everything goes as planned I would not be surprised if it goes much higher than that. MaidSafe has more potential than any other cryptocurrency network in the works, the reason why SafeCoin is valued relatively low is the new technology that still has to prove itself to the world. It’s very different from Bitcoin, so most people are wary for now.
Anyway, visit any promising alt-coin’s forum and you’ll find it’s supporters there, so I guess it’s not special that we expect a major success.
I think that at release, it was rather special. IIRC Litecoin uses a different hashing algorithm that made ASIC mining far harder (reducing the risk of centralisation) and is hybrid POW/POS, making certain attacks on the network harder to pull off. I also think that Litecoin was one of the first altcoins that offered something truly new, so the hype-spike was more intense. Don’t quote me on this though, it’s a long time ago I read up on Litecoin.
You can write them and ask.
Without analyzing the data: BTC crashed while MAID (in BTC) went up 300%+ (while BTC didn’t crash 75%, so MAID is up).
Hmmm…
I think your graph is correct - if it shows the number of MSafecoin per $100 then this will fall as the cost/value of the coin rises
What is the topic of this conversation: MasterCoin (MSC) or MaidSafe (MAID)?
Guys, if you haven’t yet learned the currency symbol, that somehow diminishes the value of your bombastic predictions.
Oh man, I was really tired yesterday when I did that.
Of course the number of coins you will get for 100$ will fall with the value of maidsafecoin rising. But my initial posting is not entirely correct, the highest value for maidsafecoin
was apparently somewhere in august.
EDIT: Janitor, you’re correct.
Maidsafe is 0.000085BTC now! double profit now!
Make a guess, as to the value of SAFEcoin at day 1 of launch?
0.20$ wouldn’t surprise me at launch. SafeCoin will already be a proven concept due to testnet 3 and the BETA. Hype will be significant.
Did you spot the elephant in that question
Umm no. I don’t really get it
Where is the price being sourced from?
Seneca?
MasterXchange?
Lol my bad, I’m kinda lost
I think that @chrisfostertv means USD.
Oooooooooh lol I gotcha
Clever
I think that SAFEcoin could be a viable challenger to bitcoin and fiat alike, because its actually based on a fundamental service, Data storage and retrieval at a certain level of speed and anonymity. There is a pretty decently stable floor there in terms of base value.
So once we get into Testnet3, I think that we need to start talking about the value of PUT requests as the base value of Safecoin. So a safe coin is worth, X amount of data stored on the SAFE network. That will encourage arbitrage opportunities with the existing cloud storage providers, and is certainly a more stable basis for talking about value than USD.
I totally agree with this