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

[thc]

@SwissPrivateBanker

Crypto early adopter worth millions, involved in many high profile crypto projects, investor in dozen ICO, talking to to many crypto professionals.

Since Crypto is so young, and at this point not a single project has actually proven itself, I can’t really get too awestruck at somebody with the resume you just outlined. The entire field is 9 years old and with the exception of some exchanges and miners, nobody has generated actual non-speculative value.

He got lucky riding this crypto wave we’ve had, and intends to ride it further. Good for him. But how does that make his opinion more valid than mine? The fact that he’s throwing money at a dozen ICO’s, personally, makes him seem somehow less interesting to me. I look at those same ICO’s, and I fold my money over and put it back in my pocket because they are not compelling to me except as speculative FOMO bubbles. Time will tell, but in such an emerging field, where even dogecoin has skyrocketed, I can’t see how anybody can claim to be an expert, even if they made money. Hell, who didn’t?

[anon63178599]

I’m confused as to the economic dynamics of a digital commodity which could have two different prices: one as SAFE is used to pay for everything else and is simply priced as supply/demand curve of safecoin itself and the other which is controlled by an algorithm depending on storage supply/demand in the SAFE Network. Can’t a system like this run into a big problem? Or how does this work? It’s like Ether and Gas at the same token.

[Sascha]

@SwissPrivateBanker

It’s not some dude.

This dude can be worth billions for all I care. If he says I’m a sectarian, he is wrong. Facts and logic make me think - twice or even thrice - not the amount of money someone has.

[SwissPrivateBanker]

If you are not considered by professionals, how could you attract the crowd ?

We need to bring developers and adopters to this network. We need to see more amazing stuff on alpha 2. We need maidsafe to have more resources ( it goes through a higher mkt price)

[riddim]

hmmm - if we are being honest to ourselves we can easily be categorized as fanatics here i guess Oo … we want the ultimate freedom network …

and we don’t accept anything less than the thing that brings freedom of speech and freedom of censorship to all the world - including the countries that don’t want to have it …

[anon63178599]

Count me in!

[thc]

@SwissPrivateBanker

If you are not considered by professionals, how could you attract the crowd ?

The dumb money will follow the smart money (the crowd piles into anything going up due to FOMO) and you don’t need much smart money to start that cascade. It will happen when we have something to show. It will be an app that could not exist on the main net, but can easily exist on SAFE. I don’t know what app it will be, but the fact that so many such apps will be possible tells me that it will only be a matter of time.

Your friend will doubtless be even wealthier, as he rides each ICO from $0.01 to $0.10 and then reallocates to the next one. That’s his thing, but it’s not mine, so his opinion is not applicable.

[SwissPrivateBanker]

How many of you would be ready to sacrifice all their maid if they were given the opportunity to see with their eyes the network go live tomorrow.

10% ?

I bet more than 30-40%

[riddim]

people here might be fanatics but i don’t think they are crazy/stupid

[anon63178599]

This is kind of a silly question, but I bet a lot would be willing to take a sizable hit to their hodlings to see it go live. We want both positive AND negative freedom with this project, limitlessness and empowerment.

[SwissPrivateBanker]

It’s not crazy or stupid to have an ideology.
That’s how bitcoin started in the first place.

[riddim]

of course not - but first investing in something and then just giving it away wouldn’t make much sense - would it? Oo …

it makes sense to invest the maid into development of apps or to spend them to have circulation … but believing in a project and just giving them away because of being impatient doesn’t seem rational to me

[Zoki]

@SwissPrivateBanker

This guy saying we are a sect, with all his knowledge and connections makes you think twice.

Funny… as this is what people thought of bitcoiners in the early days - a sect. I saw an old tech video where the presenter was ripping bitcoin apart in between his other material. Your guy forgetting where he came from is a massive mistake.

SAFENet has actually got usable products lined up.

First they laugh at you…

[happybeing]

@SwissPrivateBanker

This guy saying we are a sect, with all his knowledge and connections makes you think twice.

That is a pretty meaningless statement. Did you ask him what he means by that, given that this bears no resemblance to a sect it’s very hard to make out what he means other than he doesn’t like this project the way it is. So I ask myself, why would he say that.

Maybe he has tried to get in with Maidsafe in the way he’s used to being able to do with other teams. I suspect, for example, that traditional VCs have tried and been turned away because Maidsafe are not willing to accept their terms - because their terms would put the objectives of the project at risk.

David is a different animal, and set up the Foundation and company with a view to being able to resist those kinds of forces, which we know can lead anyone away from their path. Look at “do no evil” Google for example. I don’t doubt there was some truth in that slogan, but once you take VC investment you begin to lose control, and you either walk away or go along with something that wasn’t your real intention.

Many here are obviously focused on the price, and if we could pocket sufficient gains, I’m sure any of us would find it hard not to sell out.

I suspect that your VC has very different aims than this project, so I’m not concerned by him trying to undermine it, or trying to find a way in.

I think that to succeed Maidsafe have to take a different path. So complaints that it isn’t like the rest are in fact reassuring, especially given what I already know about this project, David and the team. Your VC may have some knowledge of this project, but I’ve followed it pretty much every day since early 2014 and been involved in many different aspects of it during that time. In turn he knows better than me how it walks its own path, and no doubt has useful ideas in relation to other projects. So let’s see if he has anything real to contribute.

I’d welcome him joining us here to explain his point of view, or to learn what the project is really about. You never know, he might like to join this sect

I doubt that’s going to be of interest to him, in which case I don’t think we can learn much from him.

[veli_e_veliev]

@thc

even dogecoin has skyrocketed

We all want the innovation to succeed, not the shitcoins. But for one, MaidSafe is still far from being a successful project even outside the monetary aspect, and two, if I had to put my money in crypto, I would rather buy a shitcoin that I knew would go through the roof than MaidSafe, that’s very close to dropping out of the lists. Who wouldn’t?

[Lackys]

In first years of bitcoin there are also many sectants, but now they are genious and millionaries…

[SwissPrivateBanker]

Funny he had a structured thinking about the sect argument:

Cult of personality to our dear leader David
Religious Faith in unproven tech
Congregation separated from the rest of the world on a forum with own rules and censorship.
Suicidal tendencies ( as we are disregarding the price dynamics)

[Traktion]

I mined Bitcoin when they weren’t even 1c. I was gifted XRP for posting on a forum when they were worth even less. Very few took them projects seriously and now everyone seems to be piling on those bandwagons as part of a perceived balanced portfolio!

I have always chosen to go with my brain and my gut, often choosing to swim against the current instead of with it. Why? Because when everyone else realises where the tide is headed, I’m already a good few lengths ahead. You win by not being the strongest swimmer, chasing the current, but by predicting where and when the current will change and aiming for that.

Of course, we all want maidsafecoin to stay relevant, but there is nothing out there that comes close to the ambition and skill of this team. I remain utterly convinced that the technology will not only be delivered in due course, but it will also be astonishingly useful.

The community support since Christmas has been a pleasure to witness. It may look sect like to those who do not understand it, but they must surely wonder why we are so supportive and contrarian. With a falling crypto market, it will be a lot tougher to make a quick buck on an ICO. Tougher questions will be asked and many found wanting.

As someone else elegantly put it - maidsafecoin is the true HODL!

Disclaimer: ofc, I took part in the maidsafecoin ICO too!

[SwissPrivateBanker]

I am part of the sect and happy with it.
My whole point was about general perception of our project.