MaidSafeCoin (MAID) - Price & Trading topic (Part 1)

[Zoki]

35 million. Wowzers.

What to do when someone moves in that much money? But another ticket? Rising tide lifts all boats?

[Jabba]

Meanwhile someone else with 4th biggest wallet has slowly accumulated nearly 11M.

[Zoki]

Investors / whales? Don’t accumulate these large amounts without confidence in the long term price, eh?
As long as these large wallets are out there, even in the darkest dumping price falls - remember, someone is dropping the price to accumulate. Why accumulate an asset? Because of long term positive beliefs.

[Jabba]

The block explorer for Omni Token, Tether, USDT, MaidSafe and Omni Layer...

if you click ‘view statistics’ on maidsafe page in omni you can see the list of top wallets.

[Jabba]

The 34M was owned by Brock Pierce, his fund chucked $500K at the crowdsale. He was pretty open about it (bragging really) during an interview.

[danski]

And to clarify, is it being suggested that those 34m (or an unrelated 34m) have been moved to Polo this month?

[dirvine]

A good way to “hide” what the wallet is doing, could be a smart move.

[Jabba]

Don’t know for sure but he said in an interview he bought and still held nearly 10% of the MAID supply after putting $500k in. Those coins had not been touched and were the only single wallet of that size so most of us just assumed. There can’t be many people with circa 10% ofc.

[beermenow]

I get a bit torn when seeing these larger wallets, most likely on a successful launch scarcity/hoarding (to a degree due to these guys) will help drive the price up but on the same hand the greater good would see these guys offload at $10 and spread the coins off to every corner of the world where they need to be.

My pocket fights my heart on this one quite a bit when these convos pop up

[draw]

Are you referring to this interview: Blockchain Venture Capitalist Brock Pierce owns 10% of all MaidsafeCoins - #3 by draw ?

[Jabba]

Possibly. I think he might have said it somewhere else too.

[neo]

@Antifragile

This wallet split on 8/21/2017 just few days before alpha 2 release. Since there was a dump, that owner did not sell it, and moved them to back to a single address. Than he deposit all those 34 million coins to Poloniex on 11/8/2017. So it is a week alredy since he moved 34 milions of MAID to Poloniex. I think this is a sign of something. Either big dump or big pump. I hope he dumps everything so we can move on later.

Edit: here is the link to Poloniex deposit transaction: Omni Explorer - The block explorer for Omni Token, Tether, USDT, MaidSafe and Omni Layer Tokens / Cryptocurrencies

This address is his Poloniex MAID deposit address. When looking at this address you can see all his deposits from any of his holding addresses.

From this address Poloniex then moves it to their hot or cold wallets.

Good spot though. Maybe we will see a drop over the next month. But $$$ wise MAID is still holding its own, even if being depressed by that big hoard being sold.

[goindeep]

Mmmmmm hmmmmmm Preach brother preach!

[neo]

@Antifragile

And top 4 is your accumulating whale.

I wonder if its one of the 2 from here

[goindeep]

I once had 21K MS coins lol, but im long in BTC at the moment, plan to literally sell all my BTC back into MS soon and hold long never touching again until well after full release

[Zoki]

Is the high price of bitcoin a bit worrying from a micro transaction point of view. The little guy who wants to spend under $50 is getting hit with network costs? Take a look at the following link.

You’re looking at a 16% hit if you want to transfer $50. Not good.

https://bitcoinfees.info/

Bitcoin is a gateway coin to other alt coins, was chatting with someone who want’s to buy a small amount of safe… but with a high transaction fee, small buyers are being deterred and priced out.
Bitcoin is heading towards being a toy of the rich, and as a gateway coin - purchasing of altcoins like maidsafe is going to get hit a little?

And look at the screen show at the following link, an example of someone with bitcoin dust but cant move it.

Project n99 - An Interactive Platform for Creators

I totally agree, but I rather have that you start the topic, IMHO people who write code can really make something happen, instead of people who write ideas. Btw funny that you responded to this, just yesterday I listened twice to your interview with @fergish to understand “eventsourcing” better, thanks for that. Yes, imagine if your could pay with every ERC20 tokens on every Ethereum dapps out there, this would create instant liquidity for all ERC20 token holders (a real wo…

One of the big reasons for bitcoins existence is slowly eroding.

[danski]

It might mean disproportionate fees for anyone buying small amounts (so don’t, wait until you’ve saved up a bigger chunk), but slower, more expensive transactions won’t be the reason btc loses it’s spot at the top (if it does).

I like this chap’s logic. Btc can still have great value while being a terrible medium of exchange.

The Foundation of the Next Cryptocurrency Bull Market - Gold Goats 'n Guns

[neo]

@danski

It might mean disproportionate fees for anyone buying small amounts (so don’t, wait until you’ve saved up a bigger chunk),

If people are buying with localbitcoins then they can simply buy as they need and then transfer the BTC bought over a period to their own address when they have enough BTC. This is for those buying small amounts of around 100$

[danski]

Yea, I was going to mention them. A LocalBTC-Bittrex combo is the solid route imo. Until we have OTC for Maids too (c.2020).

I’m still amazed (almost) no one I know has heard of them, and people still use CB.

[Dwieluns2]

Could you clarify what is better than CB? Localbtc?