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

All we need is a product that delivers half of what it was designed to do

I’m sure they will let you know today.

I don’t think it is useful to concentrate on $600 prices and mass adoption. That would be like concentrating on $20,000 bitcoin when it was worth $10. So much can happen in between.

However, bitcoin has provided much between buying a pizza and challenging gold for safe haven status. The same would be true of safe network.

Imo, considering safe network as just a privacy conscious Dropbox is not seeing the big picture. A general purpose distributed data store, which self manages/heals, allowing self authentication, uncensored data, etc, is a huge deal.

Bolting on distributed processing takes things to another level, with the network becoming a pooled resource of compute too. Seamlessly stitching together data and compute, is a big deal, perhaps changing the way we think about how data is processed.

Apps which just use safe to store config files may be handy to start with. They don’t need to be all singing and dancing. That can come later. Each use case that people engage with will add to the value proposition.

In summary, it isn’t world dominance or nothing. It isn’t $600 or $0. There is a world in-between and those goals are much easier reached. Let’s concentrate on what will get us to $1 or $10 of value, with the rest coming later.

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Lenghty but true. It take time for people to know safe network after launch. On another note I don’t see a near future where maidsafecoin taking as much as 50% btc market cap unless something phenomenal happened. When btc was $20k maidsafecoin was $1.20. now that BTC is near to $20k again maidsafecoin is $0.17.

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Well…it appears you did read further and I will send you my only friendly reminder since you were kind enough to provide one. Loosen up. At the end of the day the product is more important than the money and in congruence with that, it’s only money. The $600 number was tossed out because someone 4 years ago wrote about it and it’s a fun puzzle to put it all together to see if a target like that is even possible under optimal conditions. Math and bitcoin adoption say it is. I have definitely made some snide comments at times about the development and such and if they truly have nothing in another year or so, perhaps it’s time to move on and say it was a great effort. But, in either case there is nothing against making lofty predictions based on what could be and having a little fun with it. A sprinkle of positive energy wouldn’t kill you.

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I have nothing against a stoned neighbor who does nothing but gets wasted and talks about UFO all the time. In small doses it can be fun. But if all my neighbors turn into that, I am bound to move on.

My reaction towards ā€œ600 usdā€ and ā€œreasonableā€ within the same sentence in so many posts in such a quick succession was somatic. Because it is balmy. It is no fun. It is completely unrealistic and setting people for disappointment.

I am positively determined to scare people away from committing this sin again. So much for faux positivity.

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For reference:

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Are these predictions wrong? It’s quite possible they are incorrect, doesn’t mean you can’t have some fun with it. I’m sure most people weren’t thinking ethereum would have a 130ish billion dollar market cap last run at ATH but it did. Ethereum had been around for barely two years when that happened. 130 billion market cap would represent $290-$300 under current supply of MAID. We aren’t doing book values or enterprise values on GE here, it’s just all speculation. Maybe you should ask your neighbor for a hit, would do you some good.

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ā€œHave a batter at a bong to backup yer bytesā€ <— New marketing slogan — or should I just leave this sorta thing to @Sotros25?

Exactly. ETH topped out at just over $130 B and XRP topped out at just shy of $150 B in the last bull run. Who would have ever imagined at the end of 2016 that either would reach such market caps by the beginning of 2018.

Lol. Good sir, I may need to ask you to step away from the press kits :joy::rofl:

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Exactly. Who would have imagined. But you guys imagine quite a lot. That is the difference, and not the only one (I am afraid). The other is, eeeehm, we have never ever been close to that market cap. So what is the base for these wild swings at potential price? That no-one in 2016 imagined some projects to reach what they reached for like a couple of days some time in early 2018, which, as it seems so far at least, was an aberration? This is not 2016, and we will not be launch-ready in December 2017.

Balmy.

I have no idea. I think from the nature of me being a person, my take on this is personal/subjective. The problem is, I get no dopamine kick from reading this. It makes me cringe. Because I sincerely believe that the plethora of traits expressed in this daydreaming is exactly what hints at likely failure and huge disappointment.

Imagine being a dev, running on a tight, tight budget covered by a loan, trying to fulfill the mere promise of finally coming up with a somewhat advanced test network after all these years, reading your supporters wonder just when your 0.15 token is gonna reach 600 dollars.

Balmy.

I feel like an old curmudgeon writing this, but I think the more likely scenario is, IF we get to launch, speculators may drive MAID to a dozen bucks or two. And when it becomes clear that the whole world will not immediately hop on just because this small community is ecstatic, feeling like a center of the whole universe for years, the price of SC will plummet. And we will start anew. Each of us running a couple of nodes and modestly propagating the network, and it may finally bear fruit cause we finally have something to show for our much more reality-grounded talk. And it will take years of practicing what we preach. But there will be bad press. Terrorists. Pedophiles. Doncha use that Safe Network kid, or the evil swallows you. And so we will have to face being questionably responsible for some of it. And we will wait for killer apps. And then we will realize waiting wont do. And so we start building them ourselves. And many of those will fail. And in the meantime, there will be security questions, competitors, and many more bad crimes conducted through this network which will not go from no-show to a web 3.0 in a year or two.

Just to balance things out, does anyone like this perspective? Does it sound more ā€œfunā€ or attractive than ā€œ600 usd is reasonable if all goes wellā€? Or ā€œnot out of the question if we launch in 2021ā€?

:grinning: :heart_eyes: :innocent:

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4 weeks and we will find out if the core tech works :sunglasses:

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I like your realism, but it also verges on pessimism. There are many coins with a much higher cap with far more humble ambitions. We can hazard a confident guess that a basic, working Safe Network will surpass their utility.

Of course, this aligns with your dozen or two bucks per SC (SN?) prediction. I’m inclined to agree with much of that too, but by that point the project team will be in a much more comfortable place. A strong foundation, with a well funded team and community to push the project forward.

Tbh though, from here ($0.15) to $24 SNs is a big move. Sustaining a position above a few dollars would be a big reward for initial investors anyway. These include the Maidsafe staff who have their share options, etc, too. Perhaps people would be better to think about a 5-20x increase and how good that will feel all around. The 5000x increases, as you say, are balmy at this stage.

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*hopefully

Yes, that would be great though. I think the community and everyone outside of it is waiting on a strong indicator that escape velocity can be reached.

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Even if it slips to 8 weeks, it’s the first time in like forever they have given a timeline, and a delivery goal. At the very minimum that demonstrates confidence, I can’t wait to give it a go!

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Be careful not to read too much into it. I don’t see it as a goal or a timeline in the sense you suggest, but an aspiration. A wish for us all to have a nice Christmas present.

It’s a sign of optimism, so that’s good but I will be surprised if we’re have what you suggest will be proof. I’m sure they’re really hoping to get a test network of before Christmas, so fingers crossed. :christmas_tree:

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It might not be proof, but it will be a 100% more toys than we have now :slight_smile:

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While our fiddling with math and making outlandish predictions and such maybe be over the top to you, I believe the scenario you laid out is pretty much the worst case possibility with a working network. I’m not waking up every morning counting on a completed network or a $600 price tag, if none of it happens that’s fine, life goes on. However, thinking that these devs worked for 15 years to have a network that 100 people use and that monetary mechanism that drives it can’t reach $1 is just pessimistic and serves less of a purpose then my predictions.

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To be honest I’ll be delighted if this reaches $2, never mind anything higher or much much higher :+1:

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The thing is that MAID and BTC are quite related given how close they started development. It’s just that this project tries to better it by basically trying to build a UFO as far as complexity is concerned. Some people dreamed of BTC going this high or higher, and now it is at that level. Sure BTC succeeded with the fervor of the times; but an entirely new Internet that obsoletes the old one is sure to garner a similar, albeit more cybernetic futuristic fervor. …What I’m saying is that people should be considering $6000 :3.

What makes this unproven exactly? Are all the components they’re using not already proven constructs? Or are they? If they are, I’d say their collective integrated construct is as proven as the amount of work needed to achieve it. PARSEC was an exception (until proven unless maybe even that already was eventually), and even that could’ve worked eventually if they wanted a slower network. CRUST was eventually replaced with quic. Not sure of more examples, but any direction that simplifies questionable components into proven ones is one step closer to successful, less worrisome integration. …So now it’s time to replace Routing with something else right? :3

Anyway, enough being stoned off my bed and talking about UFOcoin.

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