But my question is now, since there is only about 10% of all Maidsafe distributed yet, how can it be that the marketcap is so high already ?
I mean if you include the inflation rate the marketcap would more like 400 Million $ already ?
Ther total amount of maidsafe coins will be over 400million at some point, The coins will be distributed on a proof of resource basis, So In other words people will give up any free hardrive space that they may have to the network and then recieve maidsafe coin as payment.
The market cap is so high because a lot of people have faith in the project.
Imagine If you had the ability to buy shares in the internet, Thatâs basically what we have here. Maidsafe is essentially, The internet 2.0 and maidsafe coin are exchangeable shares in the project. Once the project is in full swing, safecoin will be the only currency thatâll be excepted for use of the network so the coins themselves will actually have use and wonât simply rely public adoption in order to hold value.
Itâs also important to remember it will take a VERY long time for those 4bn coins to get into circulation, and if that ever happens then safecoin will be fairly ubiquitous and weâll all be rich ;). Itâs not like when safenetwork launches 4bn coins will be created, they will be slowly generated and they will constantly be destroyed/used/recycled at the same time. Each new coin created represents new value that has been added to the network in terms of its resources, so the slow inflation effect should be mitigated by the added value to the network⌠or at least thatâs how it seems to me.
ok that makes sense.
But we still have to trust the developers to do so, its not written in code yet right ?
but i mean they wonât do anything against the project itself
It will be in the code, you donât have to trust anyone once the network is running - god forbid tbh!!! The coins will be allocated based on the resources provided. No one will be able to fake it or create more coins, much like with bitcoin mining, the rate of coin creation will be limited and will become more or less rewarding for the âfarmersâ depending on the competition they face with the resources they provide.
Itâs an insanely clever project with staggering implications dude. Weâre not just crazy fanboyz⌠I hope
Keep asking questions and researching though, there is a lot more to learn once you get past the âcoinâ part. Iâve been on here every day for the best part of the last year and I still have my mind blown on a weekly basis.
Keep digging down the rabbit hole bro, there is sooo much to discover if youâre getting interested. Many helpful people willing to answer any questions too.