Not so sure VC’s or anyone willing to invest the kind of cash they need will respond positively to a “we dont need to explain ourselves”. I am also referring to retail investors who could use this type of timeline to arrive at a positive conclusion rather than have to sift through some of the garbage on this forum or listen to the tykes on Polo.
The timeline allows the reader to answer the 2 biggest questions: “Why has it taken so long and when will it be ready?” in an orderly and concise fashion.
I was wondering the same thing. To wit: when the team announced they would be selling coins, the price actually rose. My theory: a whale out there is eying the tech, and when he (she?) is feeling particularly bullish, he’s slamming the price down to demoralize investors (which has been working, for some of our weak-handed brethren …) so as to gradually buy the low-priced sell orders. Maybe it takes 100 BTC to slam the price down, but once people start panicking, he buys 150 BTC over a week or so period—at a discounted price—from people panic-selling. This may be a little conspiracy-theory-ish, but the MAID market in particular is clearly being manipulated, and this is the only theory I could come up with that seems possible at the moment.
This reminds me of the line, You can always tell the trailblazers, they’re the ones with all the arrows in their back. I’ve seen this happen in other fields, but in the end, the truth has a squirmy way of winning out imo. (“Price follows value,” as I believe someone said .) MaidSafe obviously has a lot of supporters, and for the others, I think they’ll be experiencing a “sympathy switch” soon enough. And the strange thing is that the most ferocious skeptics often become the most ardent supporters. No one actually likes things that are too easy, or successes that come too casually. For better or worse, folks seem to like a little martyr in their hero (even if they were the ones slinging the arrows to begin with).
To be fair, If they’re able to sell the 19 mill now ‘ish’ and convert to bitcoin, then they could probably ride the price of btc up over the next couple of months. That’s asuming that the halving causes an increase in price.
Bit of a gamble, but could be very benificial.
Maidsafe have indicated that they have no interest in selling the farm, partnerships not equity stakes…this route takes more time to iterate through the options.
Were in the Chinese market, we have clean commented code and a roadmap, we have patents for the underlying IP, Brand Identity in the works, direct access to the inventor, working testnets, wikis, forums, chatrooms …does an investor not have all the resources they need to take an informed position on this project.
Thx dlux, and I agree, most plausible explanation so far for the week to week price action. I love the 500 btc buy wall up now. It makes dip buying even more comfortable!)
I have my own trading advice. They could be setting that huge wall knowing that in the future that is a great buy in price with many BTC and if they simply bought it all at once it would equal a much more higher price overall, but not in this case… they risk all those bitcoins to see the price go up and once the buy orderbooks are thick, remove the wall and giant short. Set a limit-stop order just under the 500btc wall and sleep safely.
Actually, given the fact it hasn’t moved with 75 btc eaten and it has been there for several days, I’d say more likely it’s someone who’s trying to take advantage of the BTC rise by filling a big bag down at 10k sats before the inevitable btc retrace from optimistic gains.
It’s very possible that we’ve gone so far with btc now that a lot of people will take profit in the next week, selling the optimism we’ve had for weeks now. There is an inevitable retrace looming for bitcoin, but of course no one really knows how big or where/when it will come. $700btc and 10ksats for maid feels like a pretty reasonable guess and good timing to me. Halving is 4 days away… people will start selling the news soon imo.
I reckon it’s just a smart whale picking up a large bag as sellers panic that btc might continue to meeewn, when in reality we’re already picked up all of the gains that we’re going to get in the short-term from the supply cut.
If I had any btc left I’d be trying to pick up bags from these last few panic sells too… 4 days left to sell the optimism in btc and buy the fear in alts imo. Halving effect will take many months to build prices beyond this imo.
I’m not expecting to see that wall move at this point, but will be interesting to see who’s right and what it does over next few days…
Actually its not possible to say what will happen, Btc price can indeed fall but also with the supply beeing cut in half it can also rise next few months, and what happens to maid then will just be a guess. If Maid wont release a product and btc rise to 1200 (and its easly possible special with everything happening outside the crypto world) then it can also easly drop to 7k sat again, with almost having the same equivelant as now.
Im not selling for 10k but im also not buying atm.
Well, it is possible ;). All markets move in cycles.
The retrace will certainly come, although you are right that it might not come for months and btc might grow a lot more before it does. That’s the point I was making, we all have to guess where it is, I think this is actually a pretty good guess. Supply could have done that, but since we all thought it might we’ve already pushed the price up and a lot of people are holding btc that they want to take profit from.
This is the whole point about selling optimism and buying fear. Indeed that might happen, btc people are optimistic about it and maid holders are scared, that’s why maid is at 6.5c in that wall zone. This is what makes it a good buy now, if btc was looking weaker then the buy would be worse value for him, I think he’s betting against the prevailing sentiment (hodl btc), that more aligns with your own. I think he’s probably right too, but as I say, we’ll see in the next week or two anyway :).
A retrace always is possible dont forget we already had one from 780 to 560 almost the 38 Fib line.
I dont see a huge retracement happen and i think btc will be really volitale in the range from 600 to 800 over the next period of time. and then eventually when all the fear is away it will break out in a uptrend. Many people still fear about the Diff drop etc, but when the halving went oke then people will buy more. Im not selling my Maidsafe but i think people can buy it cheaper soon im aiming for 8500 Satoshi for another 300k extra maid.
Dont forget Maid have a great future but in the next period of time BTC will determine many prices, unless a release
Maidsafe is doing what they need to do to survive and its quite clear all options are on the table.
Unfortunately, what accurate resources do exist, are scattered, incomplete and less than clear. The team is also missing the vital component “Trust”. Trust that they can execute and deliver.
The Maidsafe Team is in need of cash - the fuel that will ensure they can continue for however long they need to continue - and therein lies the problem. “For however long they need to continue” In simple terms, they have missed projections and this type of open-ended forecast does not bring the warm & fuzzies to investors.
None of what you offer for collateral
has any current value and its potential for contributing to future value is diminished as each week passes without the expected “MVP” or whatever its referred to now.
Im suggesting that a clear and concise history be written and it will only help to restore confidence, assist in bringing new money and attract developers.
I’m a believer in David and Team and none of what I say here is meant to put them down. I have spent 2+ years watching this story unfold and like most people, I didnt expect to be where we are today. But Ill admit I didnt expect bitcoin to be where it is today from my entry in 2012.
I don’t know … I personally have found the Wiki, Forum, and Crossroads podcasts really useful. I think part of the problem is that they’re not just doing something like “decentralized Web storage.” What they’re attempting has enormous possibilities and implications (as I imagine you agree).
In terms of trust: Again, I personally trust the team. The delays haven’t in any way affected that. What they’re attempting is without any real precedent, so they can’t say, “The last time we decentralized the Internet, it took X days.” Perhaps they could have been clearer about timelines and expectations, but what they’ve been saying is what they believe, I think. It’s simply taken longer than hoped for. As a general principle, creative projects always take longer than expected. Again: because there is no precedent. If you could perfectly imagine how to do something before doing it—and the associated timeline—it wouldn’t be “creative” in the way that the SAFE Network is / will be.
The worst thing would be for them to try to rush any aspect of this project in order to appease investors or skeptics. I don’t think investors should be ignored—developers, investors, users, etc., form a single ecosystem, ultimately—but bottom-line: ensuring the highest-quality tech possible should come first imo. Care needs to be taken in proportion to the aspirations of the project.
One question: What does your request that “a clear and concise history be written” mean? Do you mean a history of the development of the tech—of what’s been done so far?
.) MaidSafe obviously has a lot of supporters, and for the others, I think they’ll be experiencing a “sympathy switch” soon enough. And the strange thing is that the most ferocious skeptics often become the most ardent supporters. No one actually likes things that are too easy, or successes that come too casually. For better or worse, folks seem to like a little martyr in their hero (even if they were the ones slinging the arrows to begin with).