Wana bet 200 coins. I say it wont hit 600. You say it will. We give it a year after beta launch i would be happy to be wrong and gladly pay
Given how much effort you and @whiteoutmashups put into supporting this project for years and to still see no product and price where it is, I can understand your negativity. I do hope that youâre wrong and MAID does see $600 as that would be better for you in the long run too.
We shouldnât underestimate the benefits Safe will enjoy based on the groundbreaking of Bitcoin, Ethereum and the like. The timetable for the market milestones of those coins should be shortened greatly with Safe just because there is an existing population now that is comfortable with such investments.
Sidebar: this is almost too much of a coincidence. So Nomics makes a 7-day prediction that today 11/25 the price of MAID would be $0.1562 and thatâs precisely where the price seems to have bottomed out. With such thin markets I suppose anyone could make their prediction come trueâŚ
Weâre not dealing with the time frame of adopting just a coin⌠adoption of the products like Safegit, and others (jams audio and video I hope) will see this network get adopted faster than any previous cryptocoin project.
What can you do with bitcoin⌠spend, yea⌠good job bitcoin.
Quick, get on the ringer with nomics about a $600 7d price prediction!
You must all be selling for 15 cents, while telling everyone else its worth 600 dollars
Lol, bro give me a break. I am a HODLer to a fault. I could have invested in ethereum and been able to live comfortably after 2017 but I chose to purchase on vision and principles. Could have sold at $1.20. This is more valuable than that and the world will see that someday just like people are just waking up to Bitcoin.
I would advice against Ripple, Maidsafe and Factom at current price.
He did not say âI advise against these because the projects suck, blow, failed.â He did not recommend buying in at that time because he felt the price was too high from the short-term investment point of view. And he was right. Nothing to be disputed there.
How? Well, just like he did, and, as the time proved, correctly. I have no idea whether or not he still thought it would/could hit 600 when advising against buying in at 30 (cents), but I do know he first thought the launch would take place in a âfew monthsâ when writing the original article that outrageous guesstimate was a part of, and even there, he projected that after launch, the price would be a few dollars with the potential to, maybe, some day go thaaaat hiiiigh.
Time for a quote:
once they go live, their price will sky rocket to a few dollars for sure. I really think they can revolutionize the internet so their price should reflect that in the long term. 600$ in a few years.
So he never really thought what you seem to think he thought in the first place.
Of course, he later realized it could take many years instead of a few months to merely launch. If you read the comments, he had people assuring they read it correct, and he probably realized having gone too wild with that original prediction. And especially with his projection the launch was near. To be honest, I feel for anyone who ever acted upon belief the launch was near, because, well, we know.
I mean, I stopped recommending this project as an investment too, which has nothing to do with how I feel about it, but more to do with the fact I realize people may be disappointed, especially in the short run, and I do not want anyone cursing me for drowning their precious funds in this mess when they could have made a hundred-fold had they invested in -insert-the-mooning-shitcoin-of-the-week-.
Which brings us to the last part.
I think that estimate was crazy to begin with, and at this particular time, it is just⌠whatever. A few dollars, tens, maybe. That is reasonable to my mind.
$600 isnât impossible but not what Iâm targeting. I think similar it will start being worth a few dollars after launch and work itâs way to $120ish over the course of a couple to few years time. Maybe after a network effect we could see something like $600. All guesses so far though so maybe weâll all be wrong.
Thats the thing. And I believe he realized this as well. Its reasonable to wait and see, because were stepping into a complete unknown. Given how much this project challenges the blockchain paradigm, its possible the entire crypto hype machine turns against us at some point. So many variables out there.
There are 2 kinds of people in this world:
- Those who understand context
As I said before, youâre more than welcome to believe whatever it is that you want to believe.
There are more than two kinds of people in this world. But few of them wear smugness well, especially when unearned.
None of us are sure what will become of the price, when it will be released, if it will be released ect. However the $600 price target is very reasonable based on what the next 5 years of bitcoin outlook is. We all know of the network works as advertised, the unlimited upside it has and the advantages it has over bitcoin. Some have made a price prediction (a large one), most notably CIti bank of bitcoin getting around 300k in this cycle. If that were to happen, we would be looking at a market cap of btc in the 5.3-5.5 trillion range. That is an outrageous number to think about, but someone has to be the trail blazer. On that same level, MAID $600 (with every coin possible farmed, which we know will not be true) would represent a market cap of roughly 2.6 trillion, or 1/2 of bitcoin. These are all fun numbers to play with, talk about and so on but the math more importantly suggests that $600 either soonish or maybe in a decade is certainly in the right playing field especially if the technology is as earth shattering as we all believe it to be.
I believe i can flyyyyâŚ
@zeroflaw No need to eat socks for now
The bears are having Thanksgiving. Or something.
Also the price could be over $1000 if it wanted to. Currently, all we can calculate in these pre-release phases is wherever Bitcoin keeps peaking at, setting an easy new bar for âMAIDâ's potential given current understandings, and not getting ahead of ourselves (though you can easily do that by imagining the Internet of Things having a ludicrous market cap and this project following that).
Near the recent peak, if SAFE/whatever went to that same level, itâd be around $750 per token. Then, if BTC goes 5x higher than it currently is, like some people think can happen, that sets SAFE for going to $750*5 = $3750. Adjusted for max supply of SAFE = $375. (Iâm not sure if 452,552,412 - 4,525,524,120 token supply is still the dominant idea? Maybe thatâd just be the theoretically possible giveaway leniency, not rapidly fluctuating 10% or anything like that.) Then thereâs the fact that this projectâs idea is way better than BTC, learning from it and all other projects to create something thatâs easy to use (which of course will have to learn from itself/its own mistakes). Either way, this is an absurd investment to have in the best way possible.
I certainly feel this year has made some moves in the right directions. Some of the ideas and concepts âmake senseâ for what this network needs, even for a dummy like me.
Problem is it kinda pivoted when parsec fell through and we are right back in the âresearch projectâ phase all over again. Will the cool new concepts and toys play dividends? Idk but MaidSafe really has no room for error and no room for developing pieces that are not absolutely critical to a Main net release at this point. I still canât necessarily see them breaking down aspects of this network into small releases that can be publicly tested and confirmed(which I am sure is pretty hard to do in their defense). Feels like they are working on all aspects of the network hoping it comes together and âworksâ without much public community testing various pieces in isolation(maybe they have solid mock,unit tests, functional tests? Idk. We will see what happens. I am willing to wait out into 2021 some but was really hoping EOY 2020 when over a year ago when David mentioned we would have our heads spinning based on what was coming never seemingly came to fruition. I can only have so much patience before putting my chips into more proven projects that are showing me real deliverables of engineering growth and value to their project. Which I likely lean towards ETH as a safe bet because ALOT of work went into their 2.0 architecture and I am excited to see where it goes from here. But still holding my MAID stack and praying that they just get that spark they need where things just click and get off to the races. Been waiting a few years for that though.
If I was writing up a crap way I would have tried to break down this network in releases I would have tried something like:
Phase 1: Write the network with anonymity baked in, each node/client app gets static X safecoin to send around in their wallet when they join the network and let people test anon network with sending receiving, no real protections built in just a good old test net to test community node connectivity to one another over the default basic securities of the principles of safe and transactions.
Phase 2: Write the network with more security baked in, add concepts of elders and children nodes and what happens when nodes go out of rotation etc(data in motion and shifting etc.).
Phase 3: Add in other security layers to protect spam in your network of sending and receiving things, patterns and ideas around network upgrades etc. Let the community test an upgrade idea out to vet it from test net 1 to test net 2 based on OG data from test net 1.
Ofc the network just isnât about having safe coin and a wallet to send/receive with but its a good start and ='s baby steps the community can use. So an example path with small scope.
Years ago there was a community testnet, that was quickly brought down because of spam. I guess that is one reason why the testnets need to be quite advanced to begin with.
I think it is safer not to read any further. BecauseâŚ
I think it is utterly foolish to predict MAID/Safe Coin/Safe Token/Whatever-moniker-we-go by price based on what the next 5 years of bitcoin price movement could be, because predicting bitcoin (a proven product) price movement in itself is lottery. I mean, one, not exactly obscure guy should just eat his own joy and pride thanks to his daring, overly-enthusiastic outlook on what price btc should be targeting and when.
I believe people get carried away to a huge extent, and I also find myself liking the more critical, more skeptical approach much more than Christmas-wish inspired âif everything goes wellâ talk, because everything going well equals miracle, and from my experience, miracles tend to turn up only when unexpected instead of serving as Plan A.
Just a friendly reminder the development is now funded not by the money you paid when buying MAID, but with the MAID you bought, i. e., unbeknownst to many, we have gone thru a second mini-ICO, only this time, instead of buying more coins, we are buying the same coins for the second time, or paying more per-coin than we originally thought. That is how shaky grounds we walk.
Given the pressure and tight budget, given the speed of development hitherto, we will be lucky if this team delivers anything useful at all. The process of adoption of the working product is a distant, distant future now, with many, many variables. For starters, we will be lucky if a decent number of people actually nod to paying dough for privacy instead of paying with data they have been sharing with guess-who for guess-how-long. Mass adoption? As in, the whole world uses Safe network more than the old web?
Landing humans on freaking Mars.
I am sorry, maybe I just suffer from ODD syndrome, but more than ever, this thread needs an anti-dreaming policy now, because dreaming huuuuge without having basics laid down is how projects never take off, let alone collapse.
EDIT: This is how I got to appreciate Zeroflaw whose comments used to make me so angry. He made me so angry because while teasing and annoying in nature, some of his uncomfortable observations were spot on, which is extremely important in an environment like this.