My perception is that you want unreasonably low prices for your own gain, and have a better chance of doing so by instilling incorrect fear into people. I think my perception is more level-headed and considers more factors than the low energy brain state of drawing upon fear creates, but maybe that’s just my perception. The only massive prices, compared to right now, that I mentioned was when talking about post-release of the network somewhere down the line of next year; and I thought it was pretty insightful: over $1 after release, and over $10 after the release of the native token—marketing and adoption be-willing. (I don’t mean to indirectly self-fulfill a prophecy by creating these numbers—in case the potential for market increase is actually even higher by then—but rather am just expressing my curiosity in this topic. So in this case, I’m actually being conservative by not even talking about a “massive take off” in price, which would be more like $50 or $100. With enough major successes eventually, those numbers could be possible, and then some; but one’s perception would have to be much more vast than the energy I generally have at any given time for brain juices to accurately predict when, at least compared to this current months-long mere microcosm of possibilities being “easier” to predict via perceptions.)
On the topic of devs not addressing things yet: so so so many things are happening right now. I don’t blame them for taking a bit of time focusing on the network itself rather than communication, even with the level of issue at hand.
One thing they could have done and IMO should do, is to call the ERC a ‘transition token’ - or otherwise use a similar nomenclature to indicate that it’s not the final network token.
Agree with that or something of the sort. Also making it crystal clear to network users in the future right from the start of launch, with some place of explanation somewhere that it is temporary thing. They may already have thought of this just in case, maybe the idea will be known here at least.
I think you are over stepping the mark by suggesting that I am deliberately trying to instill fear people to cause lower prices. It brings me no delight or joy to see lower prices. I was purely taking a pragmatic stance that “everything has a price” at which I would buy more but I even stressed that for me that price would be ridiculously low levels. I have been in this for over 7 years, so no, it is not in my interest to want to drive prices lower but we already went to 0.24 yesterday, only 4 cents short of going under 0.20 and is that the very bottom? We shall find out in the coming weeks/months.
I see where you’re coming from in wanting to label the ERC token as a ‘transition token’ to manage expectations. It could offer some reassurance to long-term supporters. But from a market and exchange perspective, labelling it as anything less than a genuine token in its own right might create uncertainty about its legitimacy and stability, which could impact confidence.
I think the best approach is to treat both tokens as equally important parts of a phased rollout. The ERC20 token is Phase 1, offering valuable features, and the native token will be Phase 2, introducing even more benefits as the network matures.
From a marketing perspective that may appear to be the right call - but honesty is always the best policy in the end.
Shorter’s could claim that it’s not a genuine token and that Maidsafe is planning a bait and switch – of course that’s not what’s happening, but when people do a cursory look over it (as they tend to do), they might also get this impression.
None of that will be good for the project. KISS principle + honesty + clear and concise explanations are best when dealing with markets and expectations IMO.
Calling it temporary (edit: Tyler said ‘transition’ not ‘temporary’, which is honest) would not be honest if it may live on alongside the Native token indefinitely, possibly with a 2-way peg mechanism or similar to ensure constant total supply.
Both living on would have the advantages of continued interoperability with the ERC20 ecosystem, but use would be optional once the Native token is running. I doubt it’d be worth getting rid of the ERC20 Network token unless it became unused.
Saying that, while the ERC20 network token may not itself be temporary, it’s true that that the situation where the ERC20 token is the only way to pay nodes is temporary.
Never heard of it either. Use reputable exchanges, which there are many. Some examples include Binance, Crypto.com, Kraken, CEX.IO, Robinhood, Gemini, Coinbase, OKX, MEXC, Nexo, eToro, Gate.io and KuCoin. What are you trying to do on Gleec, is their a pair you want, or what are you specifically trying to do?
eMaid (“downtrending”) is now crypto #1388, on the 14th page.
With any positive Autonomi updates, some of the infinite money hacktrix from this mainstream adoption cycle should trickle down into eMAID. Or maybe it will just at random. Still, feels like investors will curb their enthusiasm even during those updates, until at least some more announcements of the native currency.
I think this bull cycle started early this time and will probably end sooner than we all expect, maybe we are a little late…
I wouldn’t expect crazy prices this cycle, there is a chance that it will happen the other way around and some of the investors, ICO holders and people unhappy with the change of direction of the project will dump the token at the slightest hint of liquidity.
I expect the FED to keep rates low, as this is the end of the great cycle - the real wealth has mostly been scooped up, so now it’s time to inflate away the currency and do a currency reset. Given the FED’s dual mandate policy, they will claim that they are prioritizing employment over inflation at this time.
The truth is that they don’t have a choice in the matter. If they raise rates any further or even hold them at current levels, then the housing bubble will burst and the entire economy will collapse with it - housing is the primary bubble of all major economies and by ‘bubble’ I mean bankster counterfeiting ponzi debt mortgage scheme.
Now that it’s at it’s end, the money printing spigot will be turned on and the smiling authoritative faces will be on the big screen - to keep the sheep calm as they are taken to the financial slaughter house.
Ultimately, this means that all forms of sound money that can’t be easily confiscated will go to the moon and beyond relative to fiat currencies.
It’s not just the US of course, most all of the major economies are against the wall now. China just started it’s printing cycle and while there may be breaks in the printing cycle to ease worries in the general sheep population, this is just akin to the truck slowing down a bit on it’s way to the slaughter house - it’s not going to stop, it’s just working to prevent the sheep from panicking and breaking out of the truck.
So buy and hold sound money - as long as it’s stable through hard times, it will be worth exponentially more in ten years.
