Now 282,118 MAID again.
Funny, it’s become a habit to for me to follow that address, even though I don’t know why it would matter. It just seems to go up and down in MAID.
Now 282,118 MAID again.
Funny, it’s become a habit to for me to follow that address, even though I don’t know why it would matter. It just seems to go up and down in MAID.
It maybe that they want to maximise their fiat without slippage.
If it is price suppression, we’ll… for how long, it feels like a waste of energy. In the meantime I managed to get one more person to invest on the dip. Price suppressing only helps us get more people in.
Smart people understand many things, but values and priorities differ…
By not having the required number of exchanges the market demands, it ensures Safe Network will never be a top project. We need “average” investors to grow awareness of the network. What is the senerio that Safe Network comes out on top with one exchange?
I used be annoyed when @Dimitar brought this up. But I get it now. Somebody will take the code build in ERC20, staking and leave Safe Network in the dust. How can’t it be this way? They market demands a top project have at least 10 exchanges. How does defying the market forces make it work out?
He brings up Uniswap as an example. What is the strategy that ensures we don’t end up like Uniswap?
If you think this project has a chance with one exchange explain it to us.
Nobody will know the original exists. Those that copy the code and build in game theory will use the market and human nature to their advantage. It’s that simple.
We need visibility in the market on as many top exchanges as possible for both MAID and SNT. How will Safe Network come out on top when competing with a copy that uses ERC20, staking, and top exchanges? The sheer momentum will leave Safe Network behind. We already know the market demands exposure. How does going against human nature and market forces make for Safe Network to be at the top? People are motivated by profit not the nature of the network. Most of us here want the network due to its fundamentals. Be we are not the average person. So we need to accommodate this behavior.
How do you see it working out for Safe Network? Do you have examples of successful projects that exclude basic human nature and market forces?
I’m generally on board with what you are saying but no one is going to copy anything until there is something to actually copy. I’ve expressed my concerns in the past of lack of exchanges. Now we have a very generous 2 million dollar development fund for dapps and such. It feels like things are going as they should. I also think that people are trying to make headway on the exchange front. I’m not sure how much it matters today. But, once there is a really functional test net and beta in the forward view, then yes at that point if exchanges aren’t being signed up for and implemented fast…we could suffer greatly.
If the test network works then we don’t have much time until beta. Even it if is 6 to 8 months. Being exposed to the market is vital for survival be cause we have open source code which I do think is a good thing ultimately. It also requires us to adjust strategy.
I get your frustration but things are being done, exchange applications are being submitted, deus is working on the erc20 bridge, wrapped have been contacted.
What more do you want to be done?
To be fair, you’re also more persistent then me. I’m tired of beating a dead horse and most community members tend to not agree or disregard this issue as noise, with the exception of a few. I can only agree with what you say at this point, from my vantage point.
I just want to see the required number of exchanges based on our research. I do understand there are applications being submitted but we have yet to see any new listings. The top projects have 30 exchanges just imagine what kind of liquidity we’d have. I’m suggesting 10 as the research shows. Maybe we could get updates on how things are progressing with listings on a regular basis.
Deus needs help and he’s been actively searching for ways to make it happen. He’s only one man. If I had greater knowledge in this area I’d be aiding him. Maybe he could submit his project as part of the BambooGarden Fund.
I think we have a cpl of very large hurdles that will prevent listing on alot of cex’s.
So I think dex’s and erc20 will help there, I honestly have serious doubts about us ever being listed in multiple large cex’s.
I see what your saying but again what more do you want to be done? Why when someone copies the network will they list the copies but not the original? I’m sure there will be a way to buy/exchange snt on safe when it launches. I’m guessing that will be one of the first projects in the bamboogarden fund.
You make a very good point. Getting ERC20 off the ground asap seem like the best approach at this point.
Their motivation will be profit. They will use market forces and human nature that desires profit to drive awareness of their project.
I have money staked in eXRD. They’ve doubled the amount of coins I’ve had by staking. I’ve doubled what I put in. This is an example of how game theory can get people to support a project by incentivizing profits. They are timing his to end with their Fleming at the end of April. Their network release is hoped to drive the price further and get me not to sell.
I don’t think either of these things matter. CEX are filled with promised products, semi working products and the like. Obviously there are differences between maid and monero but monero is all over CEX as a privacy token.
But that’s only the people interested in crypto at the moment. The massses are not interested in crypto and are highly sceptical of the promises of a quick profit. I think this is why the team are trying to steer away from the ‘crypto’ space and trying to market to everyone.
We are seen as a crypto project. We have MAID which trades on crypto exchanges. If they are successful at steering it away from the huge amount of money in crypto they will ensure someone with a copy will succeed. I’d like hear the strategy and vision as to why this will be a more successful path. Along with examples of projects that succeeded in doing this. If we did not have open source code this would be much less of a problem and we’d have time on our side. If we can survive I think open source is the best way to go. Bitcoin has shown this. Bitcoin however has game theory and first mover status.
Privacy is not being looked upon as positive by authorities. Avoiding the market forces in crypto I think will cripple the project permanently. If we don’t get market support from crypto how is it we sustain the network when competing with copies that do? How long can we expect Apple and Google to allow our app in the app store?
Good points as to why CEXs should also be focused on. The longer we wait the greater chance privacy coins will be wiped away. I think we should capture what we can while we can.
I’m not saying they are going to exclude crypto I’m saying they are going to try and market to everyone not just the crypto people. Crypto people will be all over this for the potential profits to be made and that will bring its own benefits. It will only take 1 or 2 big companies to see the benefit safe will offer and that will be the end of this problem. Bitcoin was the first and hence has the advantage. Safe will be the first so will surely have the same advantage?
It would be a mistake to steer away from the crypto market. That’s the market which will adopt first; and at first it will be the ONLY market which will even consider adoption.
By steer away I meant not solely target