I would agree there. But, doesn’t it mean the market systematically undervalues the project? I count on that fact which allows me to continue buying at these prices. MAID will be the biggest FOMO once the market realizes this meme was wrong. Major price moves happen once the market realizes assumptions were wrong.
I think MAID is able to do 10x on Bittrex itself and then new listings come by itself. Most people disagree with me and since there will be new listings until then, I guess we will probably never know who was right.
I am also thinking in the same line. I am not doing any new investment before I see testnet that delivers a more stable result. I believe we will get there and I am happy about the effort that is now been put down.
It has been interesting to read your creative suggestions for different usecases.
Yes, with a simplified user experience that anyone can try like grandma, it will become Very obvious the raw potential of the network.
In terms of the test-net, I was personally very impressed.
I ran it twice for an entire day with almost no significant network breaking errors, on MAC and on a Linux PC.
Yes, it was slow, but optimization has not been done yet.
Right Now the team is just attaching the last nuts and bolts to the network, and then optimization. There are bugs, some data loss, but nothing that cant be fixed.
it is going to dramatically improve, and soon. At the rate the team is pumping out the test networks that should not take too long in my opinion.
I think this further underlines that should the overall market vomit heavily, there are going to be buying opportunities down in the 0.40 or lower price range.
I truly hope I am wrong, the low volume and the fact we are only on a single big exchange is just concerning.
It is definitely undervalued, but I just hope we don’t end up in a situation where Maid is the best network in the wild yet somehow there is still no traction. I hope the saying "Build it and they will come " chimes true here!
Testnets will not elicit any market response, especially those which are virtually inaccessible to ordinary folk. We may get some response once a public beta is launched, one which includes the required GUI and functionality.
Seeing that I understand little about the tech, I will be waiting expectantly on those words “speed optimisation”. If the market isn’t paying attention to the testnets then we have the inside running
I agree. The reason that price isn’t much affected by testnets is that not many people know about them just as not many people know about the project. It doesn’t matter how successful they are until more people get interested relative to all the other projects which people are looking at.
Improving functionality and successful tests will increase awareness over time. I’m already seeing interest growing and we have seen a large gain in price recently. Whether they are connected I don’t know, but it certainly looked like someone put about ten BTC into MAID on Bittrex a couple of weeks ago, so it seems reasonable.
There is a problem for buyers though which I’ve noted before. Anyone wanting to buy wants to know that they can sell as easily when they choose. Currently this is hard except for quite small amounts, and that’s a brake on liquidity and price because it discourages larger investors.
So several things need to come together: technical proof, awareness, demand and liquidity. Each helps the others, but it takes time unless you have a way to force awareness and liquidity both of which are expensive to do. Technical proof is coming steadily, awareness and demand are I think following but don’t generate liquidity fast. There’s a belief that conversion will deliver this through access to Dex’s.
I agree conversion will help but I’m not sure if it will make that big a difference.
Just a thought. it seems like it would be good to have a stable coin pair or two with MAID on Bittrex in an effort to make MAID less dependent on Bitcoin.
I’ve emaied Bittrex twice requesting them to add extra trading pairs (e.g. ETH, USDT and USD), obviously Bittrex being Bittrex, they do not reply. But i should help if more of their customers ask for it.
I think the tests are very impressive and show great progress on the latest code.
But it’s not outwardly as impressive or stable as test 17 was in July 2017 (browser, web pages, third party apps, good performance, worked for many days in a row etc), and we know what happened after that.
While this is very different (test 17 was all nodes hosted by MaidSafe, though community tests based on this were also pretty functional), from the outside it’s not going to be easy to see the differences. As with test 17, there’s no guarantee the outcome of the tests will lead to a sustainable Safe network in the near future.
I’m hopeful and excited, but can understand why some will wait for stability and speed to be demonstrated before feeling like the network is de-risked & on the runway ready for takeoff.
When the balance tips from this being perhaps another good step towards a possible future network to being a fully working prototype network, I’ll probably feel more confortable buying more MAID at considerably higher prices (though I have an ok stash already, as I very much believe in the team & concept).
