MaidSafeCoin (MAID) - Price & Trading topic (Part 1)

It doesn’t sound like greed, just a prediction and a real possibility imo too! But, I would be more conservative and say 2-3 months!))

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Actually I think that it would be very realistic to get up to 0.02 when the network is launched, and proven to be working as advertised.

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Maidsafe to 0,02 bitcoin ?

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Consider that the valuation of Monero is uniquely because of its purported anonymity. That’s it.
The same hype is for Dash, for its super marketed anonymity. If we take these cases as a sample of the public interest on anonymous currencies, then it is really not that crazy to imagine Safecoin prices to at least match them (if SafeCoin works without a hitch)

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And if 0.02 BTC, any predictions of how much 1 BTC is worth in $ or €?

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Using current bitcoin values can be a good guide, as all these cryptocurrencies are indirectly valued in USD: 0.02 BTC would the the equivalent of 24 USD per SafeCoin.

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Pretty much every target I’ve had in crypto has been blown out of the water because I try to stay realistic and am invariably surprised by the scale of what actually happens.

At first I was thinking $1 coins once testsafecoin has been around for a while. I revised that to $2 before launch of actual SAFEcoins. Watching crypto blow up I am indeed thinking even this might be way under the mark. I certainly don’t think $10 a coin is impossible prelaunch (while we’re limited to 450M coins), but I would have laughed at that suggestion a few weeks ago.

What if the coin value is too high and it prevents Joe public from accessing the network because the likelihood of getting farming rewards is too low to keep them engaged? It’s a real shame divisibility isn’t built in. It would be great if the network could award decimals of safecoin for farmers instead of whole coins.

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So much variables.
For instance, what impact will a possible independant Scotland, part of the EU, have on MaidSafe?
I guess small, but I have a lame joke to make :wink:
Difficult to predict things like this. For me at least, I don’t live there.
A second Scottish referendum May not even happen .
And should Scotland stay or reenter in the EU, it will probably take a couple of years. But e.g. the uncertainty caused by political situations like this could also have an impact.

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My worries are the same, what are the latest developments on the divisibility? I think it should be solved before the final release.

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@piluso Idea for divisible Safecoins David liked @anon40790172 idea on divisibility that is very similar to @neo idea so perhaps this will get fleshed out in test Safecoin phase, here’s hoping anyways. Safecoin will need the divisibility imo for the granularity and functionality we all want for it

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Forgive my ignorance, I don’t know too much about the crypto world, but why is divisibilty such a tricky problem to solve and what have other coins done to solve it?

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In blockchains it is just a real number on a ledger: you can add how many zeroes you want.
In SafeNetwork, it is a special data packet with the attribute of being a Safecoin.

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The main issue being, adding decimals increases the amount of data being handled and would make Safecoin costly and we don’t want that. Especially when we want to enable micro payments for content and for secure IoT devices, etc with no transaction fees. I think I have this right, correct me if I’m wrong. But if you read the thread I pointed to a couple posts back there are credit solutions that are lightweight and less taxing on the network.

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Thanks for clarifying and to you @piluso. I did read the post but just needed a high level explanation as to the nature of the problem.

What’s up with the large buy order way out at 7k that’s been there a while?
Some kind of whale signal?

True, but there is a balance to strike here. Even for buying storage, you don’t want the minimum amount too high.

I know there are a few ideas in the works though, so I don’t let it worry me. David and the gang have solved far harder problems to get this far.

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Yes and when you think of “SAFEcents” it would be upto 100 times the load on data and transactions That is a serious concern. Worse when you want more decimals.

SAFE will most likely implement divisibility with a form of a “balance” which would be a real number to hold the “fraction” of a coin you have. The current RFC for SAFEcoin already has a balance for your “PUT” balance when you spend a coin, so its not much of a conceptual change to have a balance for the fraction of a coin you have.

True, and really its not such a big problem compared to building the network.

I’ve been told its a smoke and mirrors thing to hide what the whale is really doing.

It seems though that the whale who pumped at 14K on the upcoming dev update sold when the dev update was due (or came out) . The price reached 17250 with the pump, fomo, etc and the whale selling saw it drop to around 15000. The whale made a tidy profit on the back of the dev update.

I for one will be glad when the market is not so manipulated and the coin is in the hands of people who want to hold.

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So do you think those kinds of highs are limited to prelaunch because of 450m cap? Once the coin is launched I would think Safecoins utility and superiority over these other “privacy centric” coins such as dash and monero, would increase its value to even higher than $10 per coin but of course there will be more coins in the mix after launch, not the full amount of course. A lot to consider with Network balancing etc.

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It’s all impossible to predict, but I’d say the initial wave of farming will be intense because of the fevered excitement generated by testsafecoin.

The mining difficulty for Zcash shot up faster than anyone expected because there was some excitement about it. If we hit a multi billion dollar cap off the back of testsafecoin then I think it’s fair to expect a lot of farming quite quickly.

Who knows what kind of prices we’ll be talking about. It seems quite possible that we’ll have a big bubble around launch and then have a little bit of pull-back while we climb the hype bubble’s ‘slope of enlightenment’ afterwards.

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I’m glad we’ll have node ageing to even that bubble out though :slight_smile: thanks for the input @Jabba

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