It’s very interesting to see what happens to the price on a day when Maidsafe has had more exposure on one of the main Crypto forums. It could be a complete coincidence, or it could be an example of how little exposure you need to actually get some interest.
If you haven’t seen it, price has had a little bump.
Looks like a decent buy wall is back on poloniex too. It seems the price bounced back pretty quickly from recent lows, even on low volume.
Lol, I agree it’s probably not worth trying to understand it. And yeah the likelyhood it had any effect is low.
It’s an immature, irrational market. But that’s why there is decent money to be made. 
Seems reverse psychology has taken effect! (If today’s tiny increase is to be an indication for continued growth.)
You’re on to me.
LOL
Time to sell!!!
I really think at some point soon FOMO is going to take hold in the crypto world. Was discussing this with another crypto mate this week, this is a great project, not only a great vision, but the people on this project are actually delivering, steady and incrementally. Step by step. How many crypto projects are out there like this. We are blessed with low prices.
Speaking from a profit perspective, to get to the highs of $20,000 that we saw with bitcoin, we do not need mass global adoption - we just need the crypto crowed interested - that will happen fast, look at etherium. $0.50 to >> $200 in just days.
Since this technology is better scalable that blockchain, greener, and actually provides awesome utility - it will no doubt reach further in to adoption than blockchain. $20,000 will be just a brief stop on the way up (if the coin is divisible).
FOMO. I think FOMO on sub $1.00 should hit soon, then FOMO on $10, one your passed $10… FOMO on getting in at under $100 is going to kick in. Might take a break while the crypto community wake up fully, then we will see the rough seas of up and down prices for a while.
Today’s $0.22 price… Really, who isn’t buying at the moment.
Buying cheap also has other advantages. Ok… Go and spend $6000 on a bitcoin. Let’s say we have a price movement of $0.01 … how much richer are you? Just $0.01.
$6000 today would buy you about 27000 SAFECoins. A $0.01 price movement, give you $270 profit (or loss).
I think about those lucky enough to have bought earlier than me, and that have upwards of 100,000 coins. A $0.01 movement is $1000. As the market moves, paper gains and losses could be thousands day to day. These are problems traditionally reserved for top investment bankers, yet here we are… if you buy in early, you price movements and gains will be far far greater that the share scheme you may have at work offers. LOL. I’m not buying shares for 700p each, when I have access to maidsafe at 20p each.
I see the buy wall at 0.00001 BTC on
is gone. Does that mean something?
$20,000 will be just a brief stop on the way up
$20000 per coin = $85.9 trillion market cap. In comparison; the total value of all gold ever mined is about $7.8 trillion. The market capitalization of all of the world’s stock markets is $73 trillion. [source]
Bitcoin hit $420 billion at the very peak of $20000. In comparison; maid hitting $100 would mean a market cap of $429 billion. Truth is maid is unlikely to ever hit $100 and if, beyond all odds, it manages to do so it will be considered a massive success story and it will be a global phenomenon. Talking about $20k as a “brief stop” on the way up is so delusional I almost lack words.
You do realize that only 10% of the maid is minted right? We’re going to see massive inflation after launch as 90% of the remaining supply enters the markets. If anything we’re likely to stagnate or slowly bleed down price-wise from the initial launch hype. I’d be pretty happy if we hit $10 in the next 5 years, but even that would be hard.
You realise this is going take probably longer than you’ll actually live 
Ps I’ll also wager we’ll see less than the 450 odd million on the network intitially
Do you have a source?
Which part do you mean?
The 90% bit? The 90% doesn’t go on once the networks live that’s designed to take a very very long time (probably decades to get close to 4 odd billion).
The 452 million bit? Early investors and exchanges will transition their coin, a safe bet is the majority of hodlers won’t transition until security in the wild is demonstrated to their own personal level of satisfaction.
@Zoki may sound nuts or over exuberant but is probably using a thought process that extends beyond any contemporary markets where we could currently make any useful comparison.
Pie in the sky stuff yeah but I genuinely thought that about Bitcoin reaching what it did when I first saw it in the single digits.
As good or as bad a guess as any when it comes down to it. No metric can be really applied here but it’s fun to spitball sometimes
Do you have a source for the 90% bit, right now you’re just making guesses. I know it’s not all coming live at once, but even if it takes 20 years that’s still more than 200 million coins per year on avg. In comparison we have 450 million supply right now, which means inflation would be almost 50% the first year alone.
maid has way more use cases than bitcoin … comparing the 2 doesn’t make too much sense - and thinking safe is inferior doesn’t make any sense at all 
well - it has been discussed many many times in the past - e.g. here or here or here or here or here … just search for ‘inflation launch’ in the forum and do your pick - and in every topic you’ll find the same answer … the inflation is planned to take place slowly and when it happens it does mean that safecoin are being minted => the safe network is being used on a large scale => there is value being generated by the network
… you as well completely ignored the fact that coin are being burned when storing stuff on safe => there is not only a mining but as well a burning process and the supply doesn’t just increase
That’s not how pricing works. Use cases != market cap. Water is more useful than gold, but gold is worth far more. Price is dictated by supply and demand and is also speculative in nature. Maid has a much higher supply than bitcoin: with equal demand you can expect prices per maid to be 204 times less than bitcoin, e.g bitcoin at $20k equals maid at $98.
A big misconception in crypto is that technology = value. This is completely false and goes back to what I just said about supply/demand. You can have the best technology the world has ever seen, but with no demand it remains worthless (from a financial perspective). A large market cap in and of itself is a value property of bitcoin which is hard to compete with. High market cap is what allows larger investors to place and move funds through the system. That in and of itself creates value.
The network effect is to a large extend what creates demand, but there can be speculative demand as well. Maid has been benefiting from speculative demand, we speculate that maid will release a product in the future. Maid at this point is simply a token on the omni network and far inferior to bitcoin in every aspect.
All previous attempts at creating decentralized networks, such as freenet has more or less failed in their attempt to attract mainstream usage and maid is at very high risk of ending up with similar lack of usage. I believe maid will be far more successful than freenet to gain traction, but the reality is that decentralized solutions comes with certain disadvantages that centralized solutions avoid. Those problems could make it hard to attract the mainstream type of users who don’t give a rats ass about privacy or owning their own data. Point is: It won’t help with a ton of use cases if nobody is using them.
Yes, and it’s all more or less guesses. No conrete info has been presented yet as to the emission schedule we can expect. Needless to say, 10% is a very small amount of total supply, will more usage make up for the new coins? Maybe, that’s pure speculation at this point.
Regarding “burning of coins”, isn’t that actually just a transfer of wealth from the person who does the PUT, to the host ?
No…
@riddim: do you have a source?
Sorry a bit in a hurry right now - if you look in the safecoin RFC or the whitepaper you’ll see that put price is paid to the network (and the coin is then burned and free to be farmed again) - not to the farmer
Right, but it has the same economic effect since the coin will be farmed later. There’s no long-term deflationary burning going on, correct? I’m going to re-read the whitepaper again shortly.
And farmed coin will be spent for storage later on
With the same argument you could say there will be 0 deflation 
Isn’t that what the past week has been? Essentially no volume, except for right after three large 1 minute pumps causing all the rise?
Weren’t you just saying a few days ago that $0.02 is on the horizon?
There’s inflation, we’re not going to stop at 450 million, but eventually reach 4.3 billion. My point is that inflation will put downward pressure on the price. If you are going to argue that coins are burned and it does not result in less coins, it makes no economic difference to my point.