Explain that to OneCoin investors. $4bn invested, none coming back, no product ever developed. OneCoin managed to cleave their fan base from the rest of the crypto world by constructing memes and narratives about ‘haters’ against those who criticised.
Quite a lot of finessed nonsense here Oscar which is disappointing to me, and advice to the community to contribute from someone who has not contributed in the ways he recommends.
I’m not going spend time rebutting this or getting into a back and forth with you.
My take is that David, Maidsafe and the project are sound and have already overcome significantly greater challenges than this several times, always with a lot of naysaying in the background. They re-emerge hoping that they can say I told you so and then disappear to darken other doors. I’m not saying that’s you Oscar, just to be clear, but I have seen it more than twice so far on different media in the last three days, and you do seem to be joining in that with this. Some of the things said have been quite outlandish and patently untrue.
I’m not wasting much time on this myself though as I’m confident it will pass and in January we’ll all be focused on code deliveries and the prospect of Fleming.
This is a distraction because it is soluble, and without the need to badmouth David, Maidsafe or anyone connected with the project.
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It does not come across that way, unless you are sadistic and love pain as this is your MO of recent months. I don’t think you do yourself favours witch such a startlingly one sided and negative view. You seem to love mentioning my name as well, that’s nice 
I imagine an undercurrent you are not being open about, but that’s on you chap, nothing to do with me I am afraid.
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Wow to compare fraud with a real project. Like I said, people aren’t stupid. One is 100% fraud, the other is a risky project … Everyone weighs the risk they want to bear…
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The possibility of Fleming in January seems unlikely in my opinion. If these boards Projects · maidsafe · GitHub are anything to go by.
Let’s be fair, the only difference at the moment is this “real project” still has illusion that work is progressing. When an artifact is delivered, and it’s verified to behave in the way that was promised. Then it is real, until then its highly experimental risky speculative investment, with a high chance of failure or non delivery.
Anyone on the other side of the table suggesting this project is a “sure thing” is as bad as those suggesting it’s failed before it’s collapsed. It is what it is, and @opacey has valid points and should be entitled to his opinion.
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IMO Erc20 is a bad idea. I don’t have time to point out the reasons why since most but not all have been covered already. Just IMO.
I would rather see MaidSafe do a simple auction than burn their Omni maid for Erc20. They could set the reserve price they need and see where it goes. There must be some good auction sites out there that are better than eBay… However, I did just see they have a virtual currency category.
Kiss. Perhaps a “silent auction” via the forum.
p.s. Where we’re going there will be no erc20 anymore…
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Isn’t this perfectly in accordance with David’s suggested wish for the SAFE Network to become driven by community rather than MaidSafe the company in the next few months? The us instead of them thing.
I don’t find this Opacey’s post offensive or malicious. It’s just offering another point of view that puts the SAFE Network idea ahead of the MaidSafe the company. Let’s not crucify anyone.
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Really man, really? OneCoin is designed to steal your money… Through a ponzi scheme…
MaidSafe was designed with the idea to create a product that did not exist before. If you don’t see the difference, it’s very, very sad for you…
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The offensive or malicious part is that he gives financial advice. Is he a financial advisor? If I do not put more money in to the company and suffer losses because I have listened to his advice, can I sue him?
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A fraud, huh. That’s a pretty serious accusation. Tell me what it is you’re doing on this forum again.
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Hindsight is 20 / 20. If you don’t see how thats important, there is no point in this conversation.
I see. Well, if you don’t invest money in a company, the company goes to hell and takes your prior investments with them, you’ll have a hard time convincing anyone more investments on your part would have led to investment returns and profits, thus whoever advised you to stop funding it is liable for your losses.
What he said, basically, was stop investing in MaidSafe in hopes they deliver and make you rich, and start investing time, money and (if possible) other resources in developing the project yourself, using the work done as a foundation.
I understand it was partly tone-deaf, but not necessarily unreasonable to my mind. A legit approach that challenges a lot of the status quo.
Most of us will stick with the things as they are anyway, so it’s not really dangerous or anything. At worst inspiring.
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What he says is impossible because of the tragedy of the common good.
So he actually says “don’t waste your money in this uncertain but possible way. Lose your money this way, you will 100% lose it here.” I ask again, is he a financial advisor?
Exactly. We can dream of the world as we wish it were, but first we must live in the world as it is in order to transform it into what we wish it could be. To me the answer to this problem is obvious but also difficult/costly. Life is a sequence of weighing and counterbalancing both opportunity costs and trade offs. As many members of this community have been begging for years, MAID needs to get listed on more reputable exchanges where liquidity exists. I think of how expensive it was to have a 2-3 person marketing team for almost 2 years, when a marketing team of one person with the appropriate strategic priorities like “get MAID listed on x number of exchanges” would have been more appropriate. Instead, after years I don’t know that any coherent marketing strategy was ever developed, leaving an erroneous but understandable bad taste that marketing was a waste of time.
Nothing meets success in siloed vacuums. No business idea can run on just good engineering and R&D alone. We’re seeing the impact of that yet again. I think the conversion to ERC20 could be helpful, but as pointed out by many already, it won’t be a magic bullet. Unless MAID gets listed on more expensive but also more reputable exchanges, nothing will change. Moreover, if Fleming doesn’t get released imminently, this becomes a lost cause. Until these two things happen, I no longer have much of anything to say to local people who were at a time interested in this project but no longer care. No one is willing to indefinitely hear “coming soon”.
The recent funding exercise was oversubscribed. I had hoped that some of those excess funds would have been earmarked for and allocated to necessary auxiliary operations such as getting MAID listed on additional reputable exchanges and activating an effectual marketing strategy (which is more than just publishing articles and requires developing powerful relationships as well as building ecosystems). MaidSafe’s core strength is in innovative engineering. The next time (and I do hope it comes) non-dev resources are added to the team, I hope MaidSafe draws upon the perspective of those who have met relevant success in those non-dev functions when making hiring decisions.
I’ve been silent on the forum for a little while because it seemed clear that this project is working itself into a corner, but I don’t know if there’s a way to share concerns that will result in necessary and meaningful action. As everyone here knows, I’m highly invested in the success of this project in many ways. What I’ve written here is an earnest plea for different strategic choices to be made.
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No.
Not investing in MaidSafe anymore is not a guarantee of loss, because no-one is able to say for certain they can’t make it with the resources they have already put together.
MaidSafe is not bound to go down unless we provide more. Investing in your own attempt to bring the network to life does not guarantee MaidSafe to go down under either. Let’s say you’re capable of putting together a team of skilled and driven devs focused on building upon the work done and you keep it open source. MaidSafe actually grows without having to pay more devs, because they can build upon your work just as you build upon theirs.
The more I think about it, the more I believe friendly competition would not hurt, not at all. It would be quite a boost that would benefit us all in the end.
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Personally I wouldn’t mind seeing an ERC-20 token for MAID. Holding them thought the OMNI protocol has been a pain in the ass.
Advantages I see:
- Easier for new exchanges to add MAID.
- Easier to store safely away from exchanges (hardware wallet for example).
- Less of a barrier for new users (OMNI and the hassle to store scares newcomers away or makes them keep them on exchanges).
- Higher liquidity assuming we can add to exchanges more easily and perhaps get some new investors because of the lower barrier for entry / holding.
- Good chance that US investors will be able to trade on a (somewhat proper) DEX.
Disadvantages I see:
- MaidSafe will have to put in the effort to create the token and support users in the transistion.
- MaidSafe will have to enable swap to Safecoin from both ERC-20 and OMNI (or force OMNI holders to go ERC-20 then Safecoin).
- Current exchanges will need to facilitate the swap on their exchanges. This may take resources from MaidSafe as well.
I’m not a US investor, but if I were I would not be happy. I want to be able to rotate out of an investment whenever I would need to. From what I gather the only legal option they have now is the OMNI DEX which from what I read isn’t that good.
Also what worries me is that MaidSafe now depends on the sale of MAID for their funding. If there isn’t a good market with enough liquidity they won’t be able to sell large amounts without having a big impact on the price if they would be able to sell the amounts they need to sell at all. Direct sales may be an option, not sure if there are parties interested. I suppose for those parties the liquidity on exchanges may not be a big issue.
I guess it’s up to MaidSafe to decide what’s the best course of action. I do think they should consider input from their investors. It’d be a shame if people that have held for years and are faced with having to sell their MAID because of financial problems won’t have any place to go (legally).
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Current exchanges have the ETH infrastructure. All they have to do is put the address of the smart contract and they are ready. ERC20 is amazing…
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I guarantee you that no one will do that. Tragedy of the Common. So what is achieved with this? Exhausting emotions, unnecessary conversations. 
The SpaceX merlin engine was built on top of work completed by NASA, it’s now one of the best orbital capable engines in the world. It’s totally possible that someone will use this projects work in the future.
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I intend to continue to support the SAFE network project with my money. 
Not financial advice
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