Sometimes I wonder if SAFECoin should be renamed to Bitcoin-SAFE. It would immediately resonate with the public. I think I used to be against this idea.
I hear people reference all coins, even ALTs as “bitcoin” - I swear, I heard someone say “That’s also a bitcoin isn’t it” when refering to a non-bitcoin coin.
Here is a marketing idea…
“Bitcoin-SAFE on the SAFE-DataChain, powering the SAFE-internet”
Transaction time: Instant
Transaction cost: Zero
Farming Mining Processing Power: Low Cost
Bitcoin-SAFE security: secret-key, secret-password, public usernames.
I think we should talk the language of the mass crypto-sphere. Not everyone looks further than skin deep - engineers are not marketeers.
1). Maidsafe rebuilt Bitcoin from the ground up to solve many of its issues. (Call it a “Bitcoin megaFork”, a nice soundbite for the media to chew on)
2). Maidsafe rebuilt the Internet from the ground up to solve many of its issues.
3). Maidsafe combined the above to not only give us true safe anonymous spending, but also transfer that true safety to internet applications. A programmable crypto backed internet with baked in API s.
Might be an unpopular opinion around here but I think Bitcoin-SAFE is the path of least resistance when explaining the concept to Joe Public.
Anyone able to do a bitcoin-safecoin mashup image?
oh yes that is definitely true as well but I don’t know if there is really a way to salesman that use case. People will kinda just have to discover that one on their own. Now if say the local municipality needs a fail safe no downtime way to keep public records, one could go to them and be like I have that solution and I will implement it for you for X price. That works cause it is just helping 1 person with one thing. To sell it as money you would really need to sell it to lots of people and get like an enclave going where people transact with it.
Honestly with the whole “bitcoin SV is bitcoin” ongoing fiasco I think anyone can call their coin bitcoin if they want to I don’t know if I fully agree with this though. Bitcoin is a big brand but is it the brand we want? Do we want people to just think of safecoin as an upgraded bitcoin or do we want it to be more recognized for the fact it is quite different right down to the fundamental tech that powers it? I think we could see short term gains from piggy backing bitcoins brand, but that’s like I am founding this company called Apple number two instead of like Microsoft
edit: I just google fact checked that and apparently Microsoft came first. well anyways calling apple Microsoft number two really would not be helping them today.
This would be my guess. That 100 BTC wall is like a massive no entry sign for anyone else hoping for lower prices. This would surely encourage shorters to buy MAID, especially if the buyer is equally happy to accumulate.
MAID is a wild ride atm. The lack of liquidity and the end of loans at polo seems to have added a lot of volatility.
I don’t think it’s the fundamental tech that consumers care about with apple or Microsoft, it’s the services and apps. If we push “Bitcoin-SAFE as the real bitcoin” with zero transaction fees and instant spending at the very least, users will love it. Soon enough they will discover other services like jams.
It will be referred to as a bitcoin upgrade, and eventuality the wider public will understand the fundamental tech benefits. A few engineers on launch will understand but I’m not sure we have to sell to them, people who will already understand what a big thing Bitcoin-SAFE is.
I do see there would be some benefit in getting traction going at the start. I am just not sure it’s worth it in the end to be joined at the hip to bitcoin. It could be promoted as a “digital currency” I think. That’s just like saying we make operating systems also like those Microsoft guys. I mean I think we should be saying this is something new and if you are familiar with bitcoin this is even better for the reasons you mentioned.
If the buy order will be filled. The price will retain at 2000sat. No one really want to sell 4,5M MAID at this moment so it is support for previous buys to not going lower.
If he would buy with 97 Bitcoins all sell orders, he would push price to 5500sat.
I don’t know if I fully agree with this though. Bitcoin is a big brand but is it the brand we want? Do we want people to just think of safecoin as an upgraded bitcoin or do we want it to be more recognized for the fact it is quite different right down to the fundamental tech that powers it? I think we could see short term gains from piggy backing bitcoins brand, but that’s like I am founding this company called Apple number two instead of like Microsoft
If that order fills how will it affect the price?
The run up to the 8th is going to produce some financial fireworks.