So would it be fair to say that it is not in Maid safes best interests to have a high coin valuation before launch?
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Maidsafe holds tokens too and will get a lot more after launch. So I think we can expect that if price goes too high and becomes a threat to the network, they will sell and profit as well.
So I don’t see anything that would deter the network survival here. There are plenty of market forces ready to support it.
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It just seems like this never gets mentioned within all the exchange talk that goes on. Seems pointless for people to be pushing for exchanges etc if price increase would be an issue for a good launch.
We can’t really know if it will be an issue. It depends on network growth, not just token price … and given the farming algo hasn’t been finalized and that they are still working on models to best enable the network survival … I think we just have to wait and see what they come up with.
Won’t be long now.
What is the magic number that is too high for a successful launch?
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Good question.
I’m presuming there could be some babysitting algorithms used at the beginning to help out but I don’t understand how network upgrades will gain consensus going forward so not sure. If anyone knows of any documentation regarding core network upgrades I would be grateful.
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We would be in micro payments almost immediately. I think that’s handled by the network as is really.
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Would you elaborate a little here please? If price spikes high and network is small, that enables attack vector (if I’m understanding correctly) … what do you mean by micro-payments and how does that mitigate the problem?
There can’t be one until farming algo is determined I think.
I wonder if simply having a large farming reward early with halvings or similar is really the solution to this concern. Large farming reward will attract farmers … many of whom will also be network users … so network grows fast to overcome the problem + token flood keeps price low.
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If it did get high, they could use any potential gains from this to seed useful data from various sources and also to spin up more nodes. I’d say that is a fairly nice ‘problem’ to have.
The network is most vulnerable when it is small (read: very little data, implying very few nodes). If there is a high valuation, I suspect Maidsafe would just have to be careful that the network was sufficiently large before allowing external nodes to join. Not the end of the world, imo, and perfectly manageable.
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Wouldn’t a high MAID valuation pre-launch draw in a large number of farmers, and combined with with a bit of a sell-off, balance things out somewhat?
Again, key is bringing in the data.
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Who is going? Perhaps we can go pitch our alternative and tell them “What’s wrong with Bitcoin” 
Honestly though… I am considering, anyone else?
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The network does not care about price, but quantity it needs to pay out to store data. So if coins were worth $0.00000001 or $10Million it would make no difference.
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Hmm … yes, I get that … I guess I just don’t understand @mav 's attack vector idea. Was assuming that higher price means malicious nodes are more motivated to join as cost of attack would be lower. But I’m probably missing something.
In any case with no farming algo cemented yet … nothing to see here.
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I suspect that assumes no micropayments? @mav perhaps I am misrepresenting your work here?
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I assumed it was due to the size of the balance the section was holding for rewards? Therefore if each token is worth lots, there need to be lots of sections to spread them out over. This is with the assumption that elders could collude to hand out large rewards to themselves or some such?
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Yes, gd point, so how wealthy a section was!
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Another reason for forcing or incentivizing small vault size at the beginning.
By the way what is the current aproach to vault size? I remember it was debated, but not the oucome. Is it limited/accounted for, or not yet?
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One thing that I haven’t seen mentioned yet is Bitcoin’s ability to remove a store of value premium from assets like gold and real estate. Solving real estate affordability would be worth a lot of energy.
https://twitter.com/100trillionUSD/status/1216029182020538370?s=19
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This is addressed by slashing.
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