For the first time this morning I really paid attention to the action going on exchanges and the amount of money involved compared to what we are trying to raise through our crowd-funding campaigns to grow the wider ecosystem in Safe Pods outside of Troon, for education, training, outreach, etc. that are required for the long-term viability of the SAFE project. It felt to me after having learned about the limited interest of investors in supporting these initiatives that there is a limited understanding about everything that is required to make a project like SAFE succeed not only financially for the initial investors but socially for its actual mission of providing privacy, security, and freedom to everyone.
I believe many early investors are hoping for Safecoin to be provide similar returns on investments as Bitcoin did (10-1000x) once the network launches and the system starts providing actual value to real users. That strong focus on huge eventual payoffs and the disconnection between the money being made on exchanges by private investors betting on the community success for personal gains but who are not necessarily taking an active role in supporting the growth and maturation of the community frustrates me because a small part of the resources currently being used essentially for speculation would go a long way towards ensuring the success of the SAFE project, both as a social experiment and financial investment. In other words, I believe there is money to be made faster both for personal gains and in a more useful way to the community if current investors see themselves as stewards of the community rather than speculators.
I therefore have the following two hypotheses that I am willing to test over the next months:
- There will be enough money generated from the increase in value of MaidSafeCoin to significantly fund SAFE pods around the world to create a vibrant community of developers and supporters;
- The growth and maturity of that community will increase the technical and business expertise available to support the underlying technologies behind the network, therefore making the success of the project more likely and increase the financial value of MaidSafeCoin.
At this point, you can all see the positive feedback loop going on here, but I want to stress again that for that feedback loop to happen, investors need to reinvest a part of the money made in exchanges into the community, which I am not seeing at the moment at any significant scale.
Although up to now I had no interest in learning about how to make money from exchanges and would rather concentrate on making the SAFE network work and understandable, the impact potential seems sufficiently important to be worthy of attention while being overlooked by current investors. I am therefore willing to personally try the following experiment in trying to establish a positive feedback loop as an investor and test whether that can be used to fund Safe Pods. In doing so, I hope existing investors will follow suit, the amount of resources available to the community will substantially grow, and that in turn the technical and business expertise available within the community will grow.
Concretely, I will buy 1000$US of MaidSafeCoin sometime in the next weeks. Once that amount has increased in value by more than 20%, I will sell to realize a gain. Half of the net gain (at least 100$US) will be used to reduce the crowd funding amount of the lectures. The rest (at least 100$US) will be used to increase the initial capital. Rinse and repeat.
Should the capital grow enough to generate enough money to fully fund the lectures, we will simply release them for free. If I eventually can generate more than 2500$CAD per month, the excess will go towards funding undergrad students for summer internships, and master and phd students for full-time studies related to problems linked to the SAFE network inner workings.
I will publish the MaidSafeCoin address from which I will start the experiment so that the whole community can monitor its evolution and I will post in this thread anytime some amount of money gets reinvested in SAFE pods. I encourage any other investor that does the same to post in this thread too.
Should that experiment be successful in getting support of enough investments, there is a point where the exchange value of MaidSafeCoin will overshoot its ‘real’ value and will stop increasing and maybe even decrease. That will be a good time to assess how much money will have been invested in the community, what initiatives it has supported and think about other ways of supporting SAFE pods.