Total MAID contributed: 2375644
Total BTC contributed: 294.34466086
Congrats already @Seneca this looks like a crowdsale with a pretty nice funding for your project!
Contacted some Devs already? 
3 Likes
Thanks! It’s way more than I expected!
As a matter of fact, yes. Someone I’ve worked with in the past, a highly intelligent perfectionist. I just have to find out how well SAFE “clicks” with him.
10 Likes
Some big whales getting onboard ; I’ve just watched a transaction come through 600000 MAID in one go which is roughly 90 BTC
http://omnichest.info/lookupadd.aspx?address=141QSMGUpBZ4Zb6bpetXkXDGiVTDgyc1Ae
Congratz @Seneca
8 Likes
funny that, even the bitcoin balance has gone up on that maidsafecoin address. It’s now 1.5 BTC 
, that is so cool. Imagine by contributing maidsafe too, you just bought @seneca a few beers for the weekend while recruiting a dev or two for his project.
Anyway, I contributed bitcoin, my maidsafecoins are rather tightly locked up, and the process of unlocking them will take a while…
Well I just checked the crowdsale site and noticed the 10% is now active with 2 blocks mined in that 1000
It works out by my estimation that approx 1:30 GMT 12th April was the cuttoff (10 min per block)
Does anyone know where I can find the exact time. Some sort of block-time history?
It’s because of how the Omni protocol works. Small amounts of BTC are used to encode Omni data.
https://blockchain.info/en/blocks
Click on their ID’s to see the time.
That was @nhial 's point from my reading. That the little bits add up to a significant amount
Thanks
So did the 15% end with block 406860
OR did the 10% start with block 406860 and 15% ended with 406859
Ah, I see, sorry @nhial.
This, 406861 is the first 10% block.
1 Like
that is alright @seneca, @neo got it right. No biggie, all the best with the whole project. Happy to see people doing stuff on safenetwork.
2 Likes
I hope everyone isn’t buying just because they hope price will rise once it’s on the exchange, like happened with SAFEx. Because that was a totally different dynamic, and totally different than this sale (ex. $50k total vs $230k with 3 weeks left). I hope lots of people don’t lose lots of their money with way over speculation.
What I do hope is that people are instead seeing the real value created here, for owning your own conversations etc. This is also the first SAFE App crowd sale explicitly “liked” / supported by David Irvine and Nick Lambert, which shows the real technical value of some of the achievements.
So I think this is a much longer term investment and I hope people are planning to wait a long time with it. Just worried that may not be the case, from looking at the numbers donated already.
Just thoughts.
13 Likes
Don’t worry, my friend, that’s EXACTLY why I jumped in and what I plan to do. Also, in the background I’m helping them to find new developers, and it probably won’t stop there either after the crowdsale. At all times, @Seneca is in charge, but we all here try to help him build this cool project, I’m sure.
However, we probably can’t avoid the average speculator jumping in with SEC in mind, and expecting the same trajectory. Like MaidSafe, Decorum shouldn’t be bothered too much by that. The coin price short term, and making the project a success long term are two different stories, in my humble opinion.
6 Likes
Safe Exchange also isn’t bothered by trajectory, or short term coin price; the crowd did that… @mylegacykit there’s no matter, you don’t require a survey to take in coin, so people’s reasons for contributing could be anything.
Importantly, is that the project has enough resource to have success, and cover all goals.
9 Likes
I’m probably the second largest backer behind that 600k guy and I’m in this for the long haul. Might never sell actually but instead use the tokens for what it is intended to be used for, marketing
9 Likes
Exactly, and probably more given the financial success of the crowdsale so far. And let’s be honest, every small and big investor hopes that the coin price will do well. And even @Seneca has used the SEC coin price as an advertisement for his project on this forum somewhere, and on the crowdsale page of Project Decorum it is mentioned “This means that before any significant supply inflation due to mining starts, the Clike tokens may be up to 10 times up in value!”. However, 99% of his other posts here and elsewhere are informative, enthousiastic about his tech making the Safe Network even better, and that is what really counts.
Furthermore, every serious investor that invests a little more than a dime and a nickel in crypto, is aware of the risks in this Wild West game. Last week, somewhere up in this topic, I’ve given my main three reasons to invest in this project. It’s an interesting challenge to do what @Seneca is trying to do, to say the least. But the last thing that he, and the serious investors with him, should do, is bother what ‘the rest of the crowd is expecting from the coin price’. We all hope the best, but whoever is not happy with the coin performance at any given point in time can sell gradually, or even dump everything. We cannot stop that. And it won’t matter for the progress of the project.
So yeah, I understand your worries… I do. Thanks for the heads up, really. But speaking for myself, I’m no crypto baby.
5 Likes
I have to wonder though, because while the new protocol will be ludicrously great, it’s not going to be out until sometime this year. Instead, the greater driving force—at the most immediate moment—to be excited about is the prospect of seeing that your money worth in ~1 month instills hope and greater drive/well being for the rest of the year. I’m willing to bet people are deep down more interested in the money with any investment (because they feel trapped in today’s economy, and want a way out, to taste what people felt like before society became a joke).
…Said no one ever. …It’s not like anyone is going to sell until the project comes out, anyway. (Unless you’re a fool. Or, at least, my advice is for people to sell just a little bit, upon seeing any nominal-looking price increase, not sell your whole stash.) [The part about the economy is still decently true, though.]
…
I don’t know, though. Just wanted to provide an argument for the other direction. In either case, I could see the price rising at least a little bit. Call it a self-fulfilling prophecy. But it might only be 1.5x instead of 25x, especially if people are greedy and sell short. There’s still ignorance out there of people not knowing about this thread, which can lead to FOMO once it’s out on an exchange, thus raising the price to at least 2x—or 10x, but people will really want to start selling, then.
On that note, perhaps people/the market(s) already KNOW that it’s not going to be as big of an increase, so they’re pumping quite a bit more than SEC, which was the first of its kind – more risky to invest, especially at a time in which MAID was at rock bottom and potential to scream forward in speculation/hype (which, it did).
And even further, people could merely be interested more so in forum technology than exchange technology; but that seems unlikely, to me. But perhaps it’s equal interest. It’s hard to weigh, especially considering people know SEC rose so fast – equal to the fact that SAFE Network is even closer to being released than before. Hence, just an absurd amount of buys. None of this is necessarily a reason people are buying, or a cause for the price to remain the same/increase. (But it can’t decrease, so it’s no wonder people want to try it.)
2 Likes
Aside from the fact that it’s supporting the project, I don’t see any reason to think that a Clike shouldn’t be worth quite a bit to people, especially those who really want to have a chance to reach out to various publics, in the not-too-distant future. A high price just means that it will be spent more wisely, which really means more respectfully of Users in general. Why spam with a reach into a community when that community can slam the door in your face without any fuss whatsoever, and in the process degrade the value of all Clikes.
Personally, the higher the initial price the better. If it’s really way too high, Harmen already has divisibility worked out I think, and should be able to institute it easily. So an investment in them now means more reach later if the market value really goes up.
Remember also that the mining rate will be set in relation to what the price ends up at at the end of the sale. So however much they are priced at then, it will be commensurately difficult to get more. The mining algorithm will be set to reflect 10x the market price at the end of the sale.
I think it’s set up so that if the SAFE Network and Decorum work even close to as expected (and I suspect they’ll end up even better than that), you can’t really lose, unless it’s an all out fail. That’s the calculus as far as I can see. Very solid upside whatever is invested, but almost certain loss on the downside. A lot depends on the confidence one has in the MaidSafe and Decorum teams.
EDIT: Exchange mania is what you’ll need to watch out for. But if you understand what is spelled out in all the Decorum website and topics here, It should be pretty easy to see where the lines are in terms of bubbles.
3 Likes
To promote some cause, charity, or great product, it would be more effective to use the existing means of word-of-mouth, out-of-SAFE communication on forums, mention on blogs. You’re forgetting that there is already an Internet (and it isn’t just porn) full of people talking things up and down. Clikes does/do not have a compelling justification.
I maintain that for an application to “work” (i.e., catch on) on SAFE, it must somehow leverage the peculiar advantages of SAFE. Such as censorship-resistant forums. But that has nothing to do with having its own currency
As of now $1 USD would purchase about 175 clikes or a bit over a 1/2 cent per like.
50mil clikes divided by $300k.
1 Like
Hello, my name is George Soros, and my foundations have bought all your Clikes.
All your Clikes are belong to us!
1 Like
Even if it doubles to $600k, that would make a mining cost of about 10 cents and rising after the algorithm adjustment which is called for in the materials.
I’d see ten cents as below the absolute minimum that a Clike should be worth to a company or project wanting to reach into a Decorum circle of trust. that’s what I’m thinking, anyway.
Seems like there’s a lot of room for appreciation, before and after the crowdsale. In fact, I think it’ll be better for everyone if they’re worth a fair bit more by the time the crowdsale is over with. Remember that there are 50 million of them in circulation right away. That’s going to take a while to eat up. But if the price is too low at the end of the crowdsale, they’ll be too easy to mine, and that will suppress the price for those already in circulation.
Therefore, if Decorum works, they’ll be a better investment the more people pay for them in the crowdsale rather than bidding them up afterwards, when a price rise will just incentivize mining prior to burning up enough of the initial 50 million.
I hadn’t really looked at all this this deeply till just now. The model is brilliant. If the SAFE Network and Decorum work, it’s hard to envision a crowdsale price that’ll be too high.
1 Like