The future value of SAFEcoin is impossible to predict, but its potential is probably bigger than even the biggest SAFE fans dare to dream.
10 years is a long way out and I think whatever happens I will have sold/spent a lot long before then, but I don’t think I’d want the responsibility for being super-rich anyway… comfortable will do ;).
The only MAID trading I do is selling tiny bits to then buy back cheaper when it bubbles up unsustainably… that and a bit of lending, all with the aim of having more safecoins, not more fiat. As it is I try to settle into BTC and spend that where possible.
If the day ever comes where SC is shooting up and fiat down I doubt I’ll be cashing in for fiat as the reason for the value shift will probably be because SC is more useful and sought after, so why would I want fiat?!
oddly since i was at mastercoin foundation at the time of the ICO, I was not aware that the foundation had any maidsafe coins from the ICO but that 10M can be tracked back to this address
It is great that much of this is traceable so clearly. Unearths a wee bit more each time and this find is pretty interesting in several ways. Good investigating, keep up with the diligence, really cool.
We can only hope that the temptation of profit now, will flush the coins out into many hands…it’s absolutely needed… the other side of the horizon would benefit from wider distribution.
I should imagine that large holders will not be able to resist as prices goes from cents to dollars… if it keeps going then I guess one or two miserly types might stash 100k or so (who me, I would never do such a thing lol), in case the day ever comes when they’re worth a lot more than the wildest predictions.
I would be surprised if many people still held millions once it got past the first few clicks of single or double digits, but then wtf do I know lol, as I say, I’ll prob stash a small wedge for the very long term potential, so why should I imagine others wouldn’t too?
As you rightly say though, it is not a good thing for the rest of the world to hoard personal wealth, it never has been and it never will be.
Whatever the case, MAID distribution will certainly end up being fairer than the current fiat distribution is!
Nothing wrong with hoarding. When they are out of circulation, they are doing no harm. When you put them back into circulation, you are contributing to economic activity. Even buying a Ferrari is paying wages at their factory and right down the supply chain, creating jobs in the process.
Consider this - your investment in maidsafe may mean that the world is given a better and more secure internet. Without your investment, that may not have happened. If the value of your investment goes up, it is because you helped to provide something of great value to the world.
Buying a Ferrari ins’t hoarding, that’s splurging and quite healthy every now and then ;), When out of circulation they might not be directly buying bullets etc, but they are (disputably) doing some harm because they are making the rich richer… concentrations of wealth are a bad thing apparently and making money from money is the bedrock of that kind of capitalism. The stored wealth hoarded in a bank is currently also fuel for more fractional reserve debt creation, so also potentially quite harmful…
Don’t get me wrong, I’m doing it too (not in the bank, but hoarding crypto etc) and not intending to come across high-and-mighty or judgemental about it. We’re all justifiably a little scared by scarcity and the possibility of not having enough (that’s the real world we have to live in for now), so we all want enough to feel secure. I just think it would be a better world if it wasn’t so easy to make more money once you have it, but perhaps it should be a little easier to make it for those who have none instead?!
My investment in Maidsafe was moving hoarded/idle money from the bank to an active company/community (convenient perspective for me to have ofc). I’m very grateful to have a great investment opportunity and the chance to support something wonderful and good too. Sadly most of the world’s wealth just gravitates to what is growing fastest (money for money’s sake, whether that be resource exploitation, war or whatever else). I think on the whole our microcosm shouldn’t be taken as a good yardstick for what happens with invested wealth out there, or what harm hoarding excessive wealth really does.
Ommmmm, Jabba practices being holier than thou, whilst falling asleep dreaming about holiday homes and very regular, loooong holidays
Wanting to mention; regards to lending on poloniex:
Putting up maidsafecoin for lending is a lot like, taking your car and renting it out to someone who then goes offroading with it and breaks the side view mirrors, scrapes the paint, and smashes the grill, then they return it to you with a tiny fee you asked for… and you get your car back totally trashed…
Just pointing out the dynamic.
Also, @prophetx while there is deposits of maidsafecoin, consider there is also bitcoin deposits and it will also be important to understand that to see how the scales are balanced. Not sure where bitcoin deposits go on poloniex
Maid is a bull market. In bull markets shorts lose more often than longs and when a short loses they add to the price/ecosystem - rather more like bringing your car back polished imo
Short term volatility increases because of margin/leveraged trading and that is facilitated by lenders, but short term volatility doesn’t bother investors as much and I don’t see how it does any damage?
Happy to be enlightened by some logic that I’m missing…?
Then the return of coins after the loan is used, you get .001% for the 5 min used, and you also lose 10% congrats :\
leveraged longs could experience margin call, lose btc and short seller wins btc, not the lender of coin, and not the hodlor…
When the short seller is said and done with it, the price is at 20.0, lender gets their coin back and have a nice day, thanks for the fish as they say…
So if trying to long term hold of maids it just doesnt make sense to lend it, IMO
(convenient perspective for me to have ofc). I’m very grateful to have a great investment opportunity and the chance to support something wonderful and good too. Sadly most of the world’s wealth just gravitates to what is growing fastest (money for money’s sake, whether that be resource exploitation, war or whatever else). I think on the whole our microcosm shouldn’t be taken as a good yardstick for what happens with invested wealth out there, or what harm hoarding excessive wealth really does.