I’ve also seen that on the poloniex.com notices. So that means that Poloniex is the recent ‘Whale’-buyer? Because if you have a lot of MAID to sell you have more opportunity to ‘reduce the value of MAID’.
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not us, the price is too low to sustain development or at least selling all our coins at this price would not be good.
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Has anyone seen on Poliniex that MAID’s portofolio is “under maintainence” a lot lately?
Hope ok to ask quickly here…
On polo any advice regarding putting fiat dollars straight on the site rather than buying say BTC elsewhere and sending?
From UK and for small amounts was thinking cheaper than getting charged 2, or 3% on coinbase, although probably wrong.
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They just mean that you will get less and less leverage starting on the 22nd I think. Like instead of closing them all at once with no real way to decide who gets liquidated first they are just gonna make it harder and harder to stay in a leveraged position because you will need a larger amount of collateral as time goes on. So those right on the edge will get liquidated first. I don’t think they were referring to the market price of MAID
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I think anticipating a price that is 10% of Bitcoin’s is wildly optimistic for a “cryptoskeptic” 
depends how far bitcoin falls off this bubble lol. Day 2 of sliding prices. Just keep going and we gonna see MAID/BTC creep back up. If you are HODLing the top on BTC for god sake convert that to some cheap MAID! Its like an amazing hedge right now.
I think the only thing scaring people is that 100 BTC possibly wash trading guy. I say pay no attention to that and just see that we are at historic lows and buy right down to the bottom. You know this guys play will be to push up once he feels he has extracted as many coins cheaply as he can.
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Even 1% is unfathomable
I liked this quote in principle, but I found that I could also argue for the opposite: The only price that matters is MAID:
The longer-term averaged MAID pricing (removing some of the price manipulation, etc.) is an indicator of expected return because every MAID token will become a SafeCoin. The expected return is assessed by the wisdom of the crowd, so I think it does matter, certainly to the Investor. It also matters to Supporters because it informs how long they might need to wait to start using the network.
To the pure Supporter (non-Investor) the price of SafeCoin after launch may actually not matter at all, as long as the farmers can at least cover their costs. The network is just supposed to match supply and demand. The value of the unit of the currency that is used to make that happen should not really matter.
I just want to share this alternative view and get feedback, not to argue which view is correct.
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As I accumulate more MAID I have more and more “Investor” questions such as the following:
Is there any documents OTHER than the whitepaper, that explains what exactly MAID token holders will be entitled to at launch of the “main net” SAFE Network?
I wonder what commitments were made to the “Investors/Shareholders” with regard to the MAID tokens they received?
Furthermore, did those Investors have any guarantees that make the value of their MAID holdings “safer” than the MAID held by other people who purchased same amounts of MAID during the Crowd Sale or later on an exchange?
No worries I will try and help, others may be better placed to help, but in any case.
I am not sure what commitments you mean here? can you elaborate?
Again I am not sure.
The “investor” thing is weird. If you mean people who purchase maidsafecoins then they hold those tokens but have not invested in maidsafe. So they invest in the project, perhaps it could be seen as investor but it confuses with maidsafe shareholders a wee bit. So it can be confusing trying to dissect such questions.
In any case the maidsfecoin “investor” has the community to ask questions to and maidsafe the company tries to help out.
The shareholding “investor” is more likely to not know the community and ask the company (maidsafe) directly. We do answer lots of emails and over the years it has probably been many person months (or years, mostly my time) of effort to try and answer every questions on every angle of every decision. That balance of answering questions or launching is a real issue that has not great solution.
Investors on ocassion can come across as slave owners of old. I see that in crypto as well as some direct shareholders, where folk (not you) say “as an investor” meaning “I percieve I have complete control over you and demand you stop what you are doing and answer me individually and specifically on any point I wish to raise.”
In any case, I think what you are asking is there any “deal” done with regard to maidsafecoin → safecoin transition? If so then it is simple so far, we launch and then safecoin lives, At that time there is a commitment to all maidsafecoin holders to transfer a safecoin for every maidsafcoin. There is not much beyond that, no additional guarantees or anything.
I hope that helps you @drirmbda but I think I may have missed your actual questions, if so please shout.
[Edit, for clarity, as it may not be obvious, but the “investor” thing has a huge upside. The feeling of inclusion and support is enormous. That may not come across as well as it should at times. ]
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I’m from the US and did the following:
- Bought “USD Coin” from Coinbase. They didn’t charge me a fee. Poloniex supports it too. There might be an equivalent for the pound, I don’t know.
- In Poloniex, got an address of where to send the funds.
- Plugged the address into Coinbase and transferred. It cost me $0.04 network fee to send $225. The transfer didn’t take long.
- On Poloniex, exchanged the “USD Coin” to Bitcoin.
- Exchanged the Bitcoin for MAID.
Since I purchased the BTC on Poloniex, I didn’t have wait for a block to be mined or pay a network fee (since it happened off-chain).
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When I think of Investors in a strict sense, it is in the sense of “slave owners of old”. I don’t depend on investors so I say it (too bluntly?) that their concern is to make the most money. I don’t mean this in a disrespectful way - It is how our economic systems works. (There may be exceptions such as angel investors, which I suppose have a component of charity, but that is not the point.)
Anyway, the strictly Investor “persona” in me asks these questions such as what does it really mean to own a MAID. I feel sorry to raise these unpopular questions, but they are important to decide how much one would be willing to risk on a single project. High risk results in spreading out this kind of investments over more projects.Less risk means that people could justify to shift more into MAID.
As a starting point, I consider MAID as a token that comes with a promise as written in a whitepaper to turn it into an unspecified value. Some parameters of the SAFE Network are set tentatively and some necessarily remain TBD until development is completed. I want to ask if there is more I can learn in the non-technical areas:
For example, I suppose that the MaidSafe Foundation, and the Board basically have accepted and taken on the task and responsibility to ensure best possible governance to ensure launch (of course), and perhaps to guarantee, or work for holders of MAID tokens to maximize (?) their return, at least until the network launches. I am interested in that kind of stuff.
It is hard to find information so I am asking here for any relevant documents other than the whitepaper.
If there is nothing I missed, that’s fine. Sorry for my ramblings, and no, the last things I want to do is distract @dirvine so receiving a long reply makes me feel a little bad.
OK, I rush to put back on my Supporter persona hat 
[Edit: My Investor vs Supporter mental model is probably flawed, but it is to point out differences in primary objective, for example profit vs freedom.]
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Any predictions on what happens to MAID if BTC drops back to 6k? @Zoki?
Cannot predict now.
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I prefer to watch the XMR/MAID chart and don’t care too much about the value of XMR. Looks more reasonable to me than the BTC/MAID chart. Is it just me?
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Low volume is bad concerning staying listed on an exchange. But I hope polo will take a longer term view and ignore this at least until after the shutdown of margin trading.
I guess all this talk comes down to the fact that we all want to make a buck or two with safecoin… AND we all want to be part of the best crypto/internet 3.0 world can offer, and proudly say , at the end,“I was there”! We want garantees, be sure that everything will be perfect, but we all know, we and dirvine are “betting” on a better future for us all. dirvine is doing his best, and his team, we believe them, we must bear in mind that they aren´t perfect (nor they are The Flash Family) and we cannot demand our investiment to return tomorrow a million times fold, we are together developing a whole new structure by just being here! So I guess it is dirvine´s commitment as well as ours that will bring what we all want. Before Safecoin is not live I see no point in demanding garantees, unless this is not clear to some people! I know in the near future I will be visiting Ayr sponsored by the safecoins I have purchased… (I have already many times, on Google Earth, lol)
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Not sure if that logic follows. MAID is fundamentally without utility beyond serving as a proxy token. You can’t effectively trade or transact anything for it (other than BTC, ETH and a few alts). Moreover, MAID is notoriously hard to trade/transact (I.e. the well-documented OMNI challenges, limited exchange access, low liquidity, etc.).
Safecoin will provide the ability to transact for secure data storage, transmission, and eventually processing, as well as privacy and anonymity, etc. These factors, in turn, should (hopefully) lead to/be paired with broader exchange access and more liquidity.
We don’t know what the algorithms that dictate farming rewards will be. We don’t know what the cost of Network resources (e.g. disc space, bandwidth, etc.) will be. Until we see a version of the Network that more closely delivers on what the live SAFE Network promises, we can’t really expect the price of MAID to indicate future value of Safecoin, I think.
MAID right now, is at best, an indicator of the belief the market has that the SAFE Network will go live.
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So you are saying if someone with like 1 million+ MAID was saying “ya I think I might dump this because of x concern” you would not drop what you are doing and address that? I don’t think its slave ownership, its an exchange. Investors fund the project but in exchange you need to keep them happy to keep the funds flowing. If you personally funded it then you could say screw you all I am spending my own money how I want to. Now I am not saying you have been doing bad at that at all, and I especially like the project management overview you started including in the weekly updates for example, or the way you switched from Fleming being a boring routing test to something that may actually get people hyped about USING the network (I think was something investors were really asking for a lot as a group.) I don’t see that as a charitable gift from you though. I see it as a kind of enticement to get me to buy more MAID and keep the funds flowing. Its not a slave relationship because no one is forcing you, but on the other hand if you don’t provide that enticement where will the funding come from? Speaking of funding I think investors have really asked for more transparency on that, and it is an area where there could be improvement the mutually beneficial relationship.
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