The only rational form of investing is value investing.
Anything else is speculation and essentially it is a fancy way of gambling.
What I find amusing is that some people seems to think that pumping (hyping) and dumping (fud-ing) and inside trading are legitimate ways of profiting, lol.
Hype for the sake of hype is a scam.
It is akin to making a trailer for a movie that doesn’t exist yet.
You make teasers when the movie is ready (or about to be ready), not the other way around.
The answer to when Lambo is simple. When the network is live and as many apps that is needed to attract 100 million - 1 billion people has been created. When above is done the Lambo thing will sort it self. So start creating value for the network and make as much apps, that attracts billions of people, as possible.
Personally, I would rather have a job where I build part of a Lamborghini, than have no job and be taking hand outs for food. Of course, it isn’t just lambos, it is the entire industry which exists purely because wealthy people spend money.
I am much more interested in how we can prevent people from exploiting others to get wealthy, rather than judging how the wealthy in general spend their money. If you earn the money through contributing to and supporting a technology which could make the whole world a better place, should you feel guilty about spending some of it lavishly? Have you hurt anyone in the process?
It starts to get very murky when we stop being happy with genuinely free association. I understand that this is an emotive subject, but we must surely put freedom of association first.
People buying expensive cars etc is important in pushing technology forward which ends up benefiting all, so I’m in no way against buying nice things. Technological progress drives economic growth & is a big part of the reason for the unparalleled wealth we enjoy today & the speed of global poverty reduction.
But I think it’s a shame when people value those cars / luxuries far more highly than they value people who are are nowhere near able to participate in the supply chain for luxury cars or to even own even a basic vehicle themselves.
While some are so massively far behind materially, it seems wrong to prioritise & value unnecessary personal luxuries far above helping others where possible. People can enjoy luxuries without feeling bad, but if not coupled with generosity it may show a lack of empathy & perspective.
I suppose most of the people who live off of food stamps would rather be building Lamborghinis than eating crumbles.
Really… Can you see that the way we spend is principally intertwined with the way we make? I sure can. You can’t separate the former from the latter. And if you read my post, I suggested it’s in the eye of the spender.
This is completely crooked and twisted perspective to my mind. It’s not a matter of what you should feel. You feel what you do. If it makes you feel good to buy a lambo, go get one.
Speaking for myself though, the truth is, I despise cars, the air pollution, the entire oil industry along with oil wars and the terrible regimes that benefit on the industry (which, as you said, exists purely because wealthy people spend money).
I would never even consider buying anything as ostensibly distasteful as Lamborghini. I’d buy Tesla, or even better, the best electric board available, or better yet, I would walk forever, everywhere. I would walk across the whole planet and help random people. The ones who I feel were unfortunate instead of lazy.
But of course, it would be my lambo of sorts if you will.
Yes!
We all profit when the world is a better place.
Money is niether good or bad, just a tool for doing good or bad. Money is vital to the future Safe Network, beacuse it will never be built without it. But it’s a balancing act between development and profit taking for more development later.
I think MAID is in the buisness of bringing balance to a world where the gap between the rich and the poor is gowing wider. I began as a profit hungry investor here, now I see how we can all profit from this project.
Update:
Aftershocks of losing Bittrex I suspect, paired with limited news on Alpha 3. Perhaps the Maidafe team is planning to announce the new exchange partnerships and Alpha 3 at once. Whatever the two new exchanges are, I hope they, in sum, approximate the volume potential BIttrex provided.
MAID is available on Changelly and they have just partnered with Binance.
Not the Binance listing many wish for but many new eyes will be on Changelly.
Something is better than nothing!
I was merely pointing out how crazy it is the price was up, but because of so much money pouring into the market again, the coin was knocked out of the top 100.
My comment twas only in jest for the most part David 
, although I do generally get the impression from prior speeches and comments your views on capitalism are a bit less than favorable. I agree with everything you pretty much said in the comment. Maybe once the network is established and working swimmingly and the value becomes realized we can all play a role not just with the freedom of data but with newfound wealth to be agents of change. We should make a goal that if the token hits $____ value long term we do a MaidSafe International community engagement where we all fly out somewhere, immerse in the culture and help regions struggling with a financial backing and hands on engagement(habitat for humanity/food aid relief). I would totally be up for something like that!
I also see lots of people talking about how to get community developers involved in the project to build apps on top of the SafeNetwork. People who are developers working long hours for companies generally just don’t have the motivation or time after work hours to dedicate to another application(myself included). So I think generally if the token does provide huge value growth over the next 5+ years to come that alone can at least free up early investors that are developers to break away from a standard day job and actually focus time on developing applications for SAFE. I certainly fall into that category. Hoping by then we have tons of examples and possibly ways to test code live in browser that either simulates engagement with the network OR actually runs against network directly to teach us. Also if a lot of the network interaction is API driven, a simple document of REST CURL’s and arguments going into it with real world examples and explanations of those parameters would be super helpful, maybe Swagger/OpenAPI specs would work best there(I personally come from the API development space and API gateways).
I also see some good value in releasing videos on youtube that go from 0 to 100 from a developer perspective on a variety of different OS’es for developing on SAFE. Some variety of this:
Windows/Mac/Linux videos separately
My thoughts would be some docker containers we can run/modify ideally for the fastest ways to get into things quickly.
^Ofc this can’t be done until all the pieces are together and we are in a beta state, but something like this would certainly be a big help to me since so much dev info now is scattered on random forum posts and that is not how the good word should be spread when this network goes live.
Onward and upward. Keep up the great work this year! Loved the DevCon live stream.
No worries, I knew thery were in jest, I just wished to take it further. Thanks though.
In terms of my views on capitalism, I have none really, I suspect it is like socialism and communism, none of them exist beyond a dream in a book. I believe where there is money involved with people then all rules are broken, the poor suffer and the rich get stronger. It is probably natural, but it seems free markets etc. are also a dream, price seeking is another one. They are all great, as dreams 
I have no alternative answer though so cannot really offer decent critique. Perhaps the answer is a resource based economy, I wish that would work.
Yes I think this is exactly where the new dev hub will go actually. 
Capitalism, socialism and communism are all great ideals. Only one thing gets in the way of them. Human Beings
This topic has been viewed 198,713 times and I think this one was unique
Ranking 105 in coincap 
Isn’t the main problem with these different systems is that central power usually ends up corrupt because they have the keys to the riches? Create a system that doesn’t reward them actions and you have a better one (not easy I know). The best book I’ve read on a new system like that is:
I think humanity in general thinks too much about this stuff and creates machines and mechanisms so vast and complex that we lose sight of the original actions and consequences.
Take the UK tax system. There is a massively complex rule set, with additional rules layered on top to fix flaws in previous rules. Who knows what adding another one will do, what incentive it will drive and what repercussions there will be?
But the tax system is just one piece in an ever expanding and more complex rule book. Layers upon layers of freshly minted rules, set to counter many of those that came before it, resulting in another twist in people’s actions and inactions.
For me, those who provide value should be rewarded for it. Those who take value from others should be punished for it. We then all get a fair crack of looking after ourselves and those whom we care about. Isn’t that what it is all about?
How about those who no one cares about?
