Bitcoin really showed beeing resilient today, also with adoption comming more and more from the west.
Thats why i think Maidsafe might drop more (this etf was a nice quik trade, poloniex margin trade) But the problem now is that people actually do know it works, but are impatient and are waiting, the weekly update was awesome but the next big milestone will be for crypto when actually safecoin will be in the testnet. The weekly update was also talking about Alpha 2 and Alpha 3 and thats why i think people will see short term more potential in diffrent coins.
Doesnt change the fact that when this network comes alove and works perfectly it will rock the crypto market. I believe safecoin can outperform eth eventually.
People are impatient and donât understand how long it takes to build complex, software applications. They donât understand how much innovation is going on here. They are blind to it all and just want their next sugar rush hit from the flavour of the month.
There will be a lot of people who will wish they had invested in maidsafecoin and just shown patience, instead of chasing the markets. They just donât realise it yet.
Most people just follow the crowd. Sometimes that is the best cause of action, but real evolution happens when the new simply dominates the old. This is what the leaders are looking for.
The hurdles we faced recently were not insignificant, the remaining work cannot be underestimated, however, we can now stand up and stop arguing if this can work and show this does work. We can have autonomous networks, self authentication, self encrypting data, secure mutation of data in a secured private environmentâŚetc⌠We can at last show anyone who is interested. Our quiet steady progress has all been validated.
Just bought some more MAID (again). Now all the vapourware chitchat can be put to a stop. At this point I have put nearly everything into MAID alone. Price was just too cheap to not buy even though I bought it at 1-2 cent last year.
Fun fact visited a website yesterday. Itâs on the clearnet, but has hacked databases available for anyone to search to see if they are compromised for $1/day. Was messing around and saw my linkedin password in cleartext apparently because linkedin has been hacked in the past and other info on me on many breached websites as well.
Had some fun and decided to put names of some famous people and yup all there. Even info and passwords on people from the MAID team on linkedin (hope they change it if not then thatâs very ironic). Pretty much convinced me that we need the safenetwork more than ever because itâs creepy how a giant site like linkedin could be hacked and have my passwords in cleartext. Luckily I am a nobody. Anyone with a little reputation online can be easily blackmailed and targeted with all kind of compromised information on that site.
Linken owned by microsoft as part of their massive vacuum of peopleâs private info and part of trying to catch up to facebook in the âwe own youâ stakes.
Dash privacy is also messy and centralised through the masternode system. Their instant send is the same kind of botch job. As for pow, or throughput and scaling potential, erherm, well itâs a blockchain, so 'nuff said.
Itâd be nice for MAIDSAFE to keep their 15M maids until post testsafecoin. Theyâll probably be worth upwards of $30M even before the final launch of live SAFEcoins imo⌠Which is pretty close to the maidsafe BttF equity valuation. It would sick if the company was suddenly that liquid even before their revenues have kicked in ;).
I smell a very birght future for all things SAFE as the floodgates of crypto seem to be opening at just the right time.
So is the price of a single Dash artificially inflated because of having such a low available supply? Which is because of the master nodes each required to have 10,000 Dash? Just trying to understand the link between a coins market cap and itâs price.
@Tom_Carlson donât forget Dash also has a system in place for instant transactions. Oh wait⌠Network atomic transactions are inherent on the Safe Network.
I think itâs 1000 DASH. But there are thousands of them, so millions of Dash tied up in a reward scheme that benefits the richest the most. Thereâs also only 7M Dash and given the premine itâs fair to assume one or two people control a lot of those masternodes! Itâs all just a get rich quick scheme where bitcoin was the real innovation.
Dash holders will get bitten the hardest when SAFE comes out imo. Itâll be the first alt on the scrap heap, not that itâs a competition. I just canât see how many vaule propositions in other alts can withstand SAFE. Even BTC will be eating dust if SAFE works and proves robust as it evolves.
Just wanted to chime in and say that Dash is one of the most shady coins out there. The developers practically own all the coins and it will go down as the largest scam in crypto once they decide their bag is big enough.
Anyone saying different is oblivious to the facts and/or in denial.
I was around years ago, I know exactly how everything transpired. No coin comes close to being this scammy. Iâm almost in awe of how well executed their scam has been. From the âfailed launchâ to the âmining bugâ, to the dumps allowing them to accumulate nearly all the coins, to the renaming of the coin, their tightly nit eco chamber and the list goes on.
The only reason their marketcap is that high is because they chose to make it that high. Itâs really that simple. When you have 95% of the coins available you can basically do whatever you want with the price. They want it to be as high as possible, obviously, they want everyone to pay as much as possible, so they profit as much as possible.
Iâm worried that dash will gain enough visibility that the general public will start buying into it, and itâll gain legitimacy through public acceptance.
Itâs not built on great technological fundamentals, but it seems like they might be good enough for success.
More and more people are switching to Dash because of the high transaction fees and long confirmation time of bitcoin. If we donât get SegWit or something comparable itâs just gonna get worse. You canât blame Dash for that though. And here we are again, talking about something else than MAID
Crazy action in the alts for the last few days. Ethereum challenging bitcoin for volume and now has about 20% of Bitcoin market cap. It is up 40% today alone! Nuts!
It looks like Bitcoin is shedding value and it is falling into the alts. A little bit from Bitcoin is a lot into an alt. Maidsafecoin is getting a decent boost too.
Reading the tea leaves, it looks like ethereum is making a move to become the dominant crypto currency. I find this a bit surprising after The DAO debacle, with forks seemingly too easy to make, but it is interesting nevertheless. Perhaps it is also IOT interest too?
As long as some of it rains down on maidsafecoin, I am happy. It still has the best long term prospects by far, IMO.
I predict if MAID breaks 16.6k Sat within a week, itâs gonna go to 17.7k within 2 weeks, but it will not break it.
If instead it bounces off 16.6k, then itâs gonna go down to 11.8k within 3 weeks.
Speaking of which, check out this cool Raiden demo. https://youtu.be/t6-rf68taTs (Raiden is Ethereumâs lightning network)
I know a lot of you guys poo-poo blockchain tech, but you have to admit this is pretty impressive.
Price wise, at the start of this ALTs surge BTC was also going up (just not as much). But ya, today looks like some rotation from BTC to ALTs. Interesting times
