Ha! Did you see the wiki article? We’re 10 years too late. Idiocracy confirmed.
“The Pet Rock became available again on September 3, 2012. Rosebud Entertainment currently holds the United States trademark rights to the Pet Rock”
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I pray your joke one day becomes reality. And I pray hard it’s soon.
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What does Doge provide that is unique? It doesn’t even have its own miners (edit - not chain) and piggybacks off litecoin.
Doge is pure mania, imo. Who knows how long it will last, but a few folk will get rich, many will be made poor and the rest of the space will get tarred with the same negative brush.
What do you mean by not having its own chain?
Sure , most of it is litecoin code with some changes, but it still has its own chain, afaik anyway.
not sure. I don’t have any doge and why it’s pumping and people hyping about it puzzle me too.
Most folks are like sheep. They just follow what the leaders are doing. They don’t do analysis and seek value. It’s pure mania, based on a belief they will get rich. Even many that should know better will get drawn in by greed.
The leaders are wolves in sheep’s clothing though. Like lambs to the slaughter, they will be feasted on, when their flock grows big and juicy enough.
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I probably didn’t word thar very well, but Doge was running out of miners. It started merge mining with litecoin to survive. Some info here:
From around 23m is a good listen here too:
Listen to SOB #463 - Dogecoin, Crack-up Booms and the Modern Mania by Speaking of Bitcoin (formerly Let’s Talk Bitcoin!) on #SoundCloud
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Maid isn’t going up whilst been on only one exchange. Imagine if you could only buy Tesla stock from vanguard. Do you you think people would be breaking their back to buy it. Swapping ISA accounts to be able to buy. As long as there are barriers to access I think it’s fantasy that we will see any substantial in price increase. Regardless of how proven the tech becomes.
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People do buy illiquid assets, in fact it is both high risk and reward. MaidSafe stock is another example, and the same as any unlisted equity.
So buyers at this time are at an advantage. Canny investors will be seeking out projects with unrecognised value.
David has said that in the past he’s been pestered by VCs, but refuses those offers to keep the project aligned with the fundamentals, because VCs want control.
It’s just all the folks who have already found the project and want a return who are impatient, anyone jumping in now is going to feel very lucky to get in at this stage and with prices so low. Just my opinion!
Another point for those who believe in the Safe fundamentals is that so long as it is hard to buy in large amounts, the distribution of holdings will be more decentralised. Small investors can still get in.
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I agree with what you say but with low market cap crypto coins you need retail money to increase the price. I don’t believe enough retail money can come from one small exchange.
I’m not been negative on the project. I hold maid and have shares in maidsafe. I still believe in its long term success and see it as a good long term buy.
I just think it’s make believe to expect similar gains to erc20 coins listed on binance.
I ll be happy to eat my socks. Time will tell.
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I don’t disagree with any of that and don’t make price predictions, which are pointless without a timescale as well.
What I don’t see you considering its what value all those projects will have, and what happens to investment in this area when they are faced with Safe Network. I agree with you in an unchanged landscape but one in which a product arrives which invalidates so much else is going to have a hell of an impact, or we’re all very wrong here. And I can’t see that happening without a big shift in the valuation of the project.
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Thinking about that video on the cyclical nature of human history is there a corresponding one for economic of boom-busts?
Tulp Mania
Ticker Tape / Black Tuesday
Dotcom Bubble
2008 Credit Crunch / Subprime
Crypto Bubble Pop???
I’m sure I’ve missed a few!
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If the project succeeds then I agree. I’m mainly commenting on short term price gain. Bitcoin was proven and revolutionary for many years but it only started increasing in value when in gained liquidity from mt gox
I also think most blockchain projects price will implode come the end of this year.
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East India company
Was it liquidity or willybot?
To be fair gox was about when I first found btc, so have no idea what it was like before that.
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Before Mt Gox you had to find a miner and ask them to sell you some. Or mine them.
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Here is a point of view from Raoul Pal one of the founders of these extremely popular investor education site RealVision. Not advocating it, just pointing out that this is the narrative on the other side of the “mania”. Time will sort out who is right.
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I believe filecoin couldn’t be traded at all until about 6 months ago. They seem to have done alright since.
It is natural for people to feel envy. We should just reflect on the value proposition of safe network. This is a long term hodl.
I bet Filecoin aren’t on Omni
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I bet Safe Network Tokens won’t be either.
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