MaidSafeCoin (MAID & eMAID) - Price & Trading topic (Part 2)

If BitMart accept BEP20, than it is OK.
And yes, BitMart accept BEP20.

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There’s a special topic for that:

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What happens if Bitcoin crashes to zero because of ETFs de-incentivizing miners to thus not keep the network going? Is MAID still fine? Or will only ERC20 MAID be fine?

if BTC crashes there is 2 possibilities

  • its so low no one is there to mine BTC and the block chain becomes a mess after that date
  • Its just crashed to quite low values but still mined

For Omni-MAID the BTC blockchain could be snapshotted by a few people (to ensure no fiddling) and thus OMNI-transactions on it kept safe at the date of the snapshot. But if the mining continues then the snapshot can happen on a date specified for he purpose of exchanging to SNT at launch.

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Almost zero chance btc crashes to zero.

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Yeah before ETFs this was the case, and only sensational articles would say there is a possibility. But now I’ve seen multiple sources like https://cointelegraph.com/news/spot-bitcoin-etf-could-completely-destroy-bitcoin-arthur-hayes and https://www.youtube.com/watch?v=IG8ZeRvxYIA (at 8:28) that are based on logic for maybe potentially it happening.

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could be good for us if BTC loses it miners and value goes down then could push people over to the safe network :slight_smile:

ill vote for btc to zero

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That’s what I’ve been thinking.

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Soon, brace yourself for the exhilarating outcome of the COPA vs Craig Wright lawsuit, as BSV emerges triumphantly as the ultimate all-encompassing blockchain solution, ready to revolutionize the digital landscape!

And then when people think BSV is the ultimate solution, the launch of the Safe Network ushers in a new era of even more boundless and privacy protecting possibilities, paving the way for a brighter and more respectful connected world.

Indeed, these are thrilling times filled with anticipation and optimism!

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Tribalism isn’t a good idea.

Wishing btc to die so SAFE can succeed is faulty thinking. The beauty about the SAFE project is that it isn’t trying to solve the money and central bank issue, the main use case is much broader and isn’t something btc can do. The problem with most of projects in the alt space, is they are trying to compete with btc rather than compliment it as new decentralised solutions for society.

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Spot ETFs does not change the btc protocol. Holding large amounts of btc doesn’t allow you to make protocol changes or double spend. That’s a problem proof of stake has to worry about.

The worry of the spot ETFs is paper btc being produced to control the price and debase it. Which is a risky game for those that try it. They could end up like FTX.

Blackrock, etc buying mining shares is more worrying.

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Excuse me while I adjust my tinfoil hat.

I don’t trust banks. I especially won’t trust a crypto ETF. Bitcoin has no storage or cost to transport and transactions are public. I don’t see a problem the ETF solves. With an ETF product, sure, they will say it’s backed by the asset but show me the keys? You could argue that we will see the banks ETF wallet and no more can be ā€˜printed’, but really we don’t have access to their books! How do I know they havent sold a coin more than once to their customers unless I get a key?

This fund will be used to control the price of bitcoin especially if traditional exchanges die out and it looks like Bitcoin is getting more and more centralized. They are going to have a PostgreSQL database between the investor and the blockchain. Convince me they won’t use magic terms like failing to deliver, blah blah blah.

Of course the bitcoin protocol avoids double spending, but with a database built on top you can double and triple spend and when eventually caught out the standard financial excuses will be given… stability, liquidity providing, blah blah blah.

Large ETFs wont even use the blockchain to transfer bitcoins between banks, they will start exchanging paper notes to balance their postgres ledgers which will be regulated and they will be good for it… and so cutting out the whole purpose of the blockchain, to verity transaction and avoid fraud and the need for a regulator.

ETF is a bad thing for Bitcion.

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I personally think btc is a trojan horse. They have just allowed it inside the walled gate. They will of course try to control it, but will get rekt. Bitcoin is too resilient and will continue to improve.

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The large problem I see is that Bitcoin might be owned by the scammers behind Tether, they printed Tether and bought BTC on their own exchanges with Tether backed by air they produced in their own garages.

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It could be a prime example of fake it until you make it, it seems likely that it started out sus but I think that is now in the past. Faked it, made it, now legit. Thats my take.


Privacy. Security. Freedom

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There’s an abundance of misinformation circulating within mainstream crypto media channels. However, a more reliable source of insight lies in the ongoing cross-examinations within the courtroom. CW has not admited to forging key documents at all. Observing these proceedings closely reveals a clearer picture. While the final ruling remains in the hands of the judge, the current trajectory, especially evident on this fourth and final day of the cross-examination of CW, suggests a favorable outcome for him.

stop it Craig.

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I am not saying there can be only one, they can perfectly co-exist, where BSV will be the more transparent network and SN the more private network.I prefer SN over BSV, but am invested in both :+1:t2:

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How much adoption does BSV have?