The intention is that this will be set by the network and will constantly change based on demand and supply.
Noticing the title of the thread… MaidSafeCoin always at its highest traded price
A market-based currency. I’m ok with that.
Day 1 of launch and you’ve moved your tokens off the blockchain and into your SAFEwallet, one for one.
Which exchange will allow you to offer some of those coins in order to establish a fiat price?
hint 1: Would it have to be an exchange built on the SAFEnetwork?
hint 2: I have no idea myself, but thought you might be good with elephants
Bitcoin is a currency with its own public ledger, while SafeCoin could be a commodity (or service, if you prefer) based currency.
So it’s not completely comparable. How do you store data in Bitcoin? You can’t (some people are storing miniscule amounts of data, like hashes, but that’ s different - basically just an immutable log). Similarly, SafeCoin can’t do all things that bitcoin can.
There’s certain obsession about bitcoin among holders of other currencies (not necessarily you - this is a general observation) who think that bitcoin has to go down in order for SafeCoin to go up. In fact it’s the opposite. Should bitcoin crash & burn, every similar concept will take a step back (let’s see, which exchanges allow you to buy and sell MAID for fiat… Let’s think about that for a second).
SAFE Network
Fair enough, but let’s talk about this when the beta version comes out.
It is undeniable that Bitcoin (the network) has it flaws, but it’s got an impressive security and reliability record (and especially so when you consider that they had the least number of predecessors to learn from (I won’t say zero, but it’s it’s very, very close to zero)).
$ 0.058831 currently. Definitely it’s highest value so far. Some family members want to buy some, I’m doubting whether or not I’ll advise them to wait for a bit in the hopes that the price will fall somewhat. Usually sudden spikes will correct a bit afterwards, but then again, I do believe SafeCoin is still considerably undervalued…
Quite hard to say. Bitshares got up to a marketcap of 78 mln. in a couple of weeks without any fallback. It got on fire and never went back. I agree Maidsafecoins are way undervalued. The volume got over 60.000 dollar in 24H now. That’s a great spike. Not so much other coins trade at these volumes.
woah, apparently the market cap almost doubled in the last 7 days and maidsafecoin is now ranked fifth at coinmarketcap.com with a total market cap of 25 million dollars. I wonder what happens when the ball really starts rolling here…
I’ve been trading for a year and I’m not sure where this will go, meaning it’s so different/complex of a matter that anybody may be willing to buy in at any point; so I don’t feel any urge to sell. Will keep waiting.
I think we can expect a gradual increase in value until at least launch. Until release we’ll have zero inflation, and as we get closer to launch more and more SAFE concepts will be proven in tests/beta. Confidence in SAFE can only rise I suppose. That is, if no major problems pop up in one of the Test Nets or BETA, and if no major competitors suddenly pop up. Both are unlikely in my opinion.
Immediately after launch there are two main things that could ruin SafeCoin’s value: Critical bugs and over-inflation. If the issuance algorithm produces different results than expected and SafeCoins are released too fast, we might experience a downward spiral. Let’s hope the BETA will be an accurate simulation of how SAFE will behave after launch.
Right???
Yep…2024 looks like the sweet spot…treat it as a pension plan, cause public pensions are gonna get wiped out.
A guy posted a thread flagging the 40% rise of maidsafecoin. One response is that it’s just anohter pump and dump game; another has no clue of what maidsafe is:
http://8btc.com/thread-12210-1-2.html
Wow, lol now I actually have a retirement plan
Yep, I’d think SAFEcoin could just about be, the best store of value going around…once it launches…and that includes gold, because it isn’t portable anymore.
Over 20% discount today if you buy some coins
Do make sure you buy from the right exchange then:
MasterXchange $ 0.037065
Poloniex $ 0.045648
MasterXchange 100+ maidsafe coins for withdrawal has always turned me off.