MaidSafe and project SAFE moving forward

ok - if i remember correctly: at the early stage of development you were able to register riddim and Riddim as 2 differend public aliases - now only lower-case is allowed … is that forced by the maidsafe-demo-app or by the DNS-implementation?

because if it only is forced by the demo-app you could just take bacobob.safenet when Bacobob.safenet is gone @Bacobob - or baCoBob or BaCoBob or BacoboB …

don’t want to be the party pooper here but i am not sure how limited domain names really are in our beloved safenet …

A crowdsale of domain names prior to MVP is unlikely to yield much revenue, for the reasons I stated. And a pitiful result would look bad.

I’m not sure fairness has anything to do with it. The supporters would, I suppose, be content with the arrival of SAFEnet. And they have their stash of Maidsafecoins that will surely appreciate.

As @Traktion pointed out, someone is going to keep them so it might as well be Maidsafe.

1 Like

[quote=“happybeing, post:595, topic:9558”]
And if it even raised a week or two of funding it may well hinder rather than help because it will at best be a distraction for MaidSafe (imagine the community discussions and accusations that could be generated) and could easily end up costing more in developer and particularly David’s time than it generates. It may be simple technically, but it still has to be made bullet proof, which means design, review, testing and then marketing, managing, monitoring, handling of problems, disputes, bad press etc. The community might do some of that, but my expectation is that MaidSafe will have to front this, and will end up having to do almost all of it.
[/quote] To be honest I think this OP + Maidsafe not having enough money is already a distraction. With 45 BTC + 19M Maid that you can’t touch or the market will react. In the past I said that all domain registration money should go to Maidsafe, Seneca said it should go to the SAFE Network and the community agreed with him. I also saw the logic in what he said, but now I wonder.

The people who want to drain all the value out of the domain names are not going to say nothing. They will never say you how much they would be willing to pay.

[quote=“happybeing, post:628, topic:9558”]
You haven’t though answered any of the questions I put forward that would enable us to work out if this would meet your stated aim, which I understand is to provide a significant boost to MaidSafe funding in the short term, and without negatively impacting timescale to deliver the network and essential apps.
[/quote] I think if you did an auction with 1000 domains starting at 1000, for 1 month that you can generate a minimum of 1.5 M. That could give Maidsafe a run way of $1.5 M / 85000 = almost 18 months. Some domains could even generate a minimum of $10K (porn/sex/bitcoin/safecoin/exchange/money).

The fact that Maidsafe doesn’t have money right now already negatively impact everything they do.

What can create uncertainty and be super dangerous, is when you yourself do not know your value. Maidsafecoin is a joke right now, traders can just sell it off and buy bitcoin, because the bitcoin price is rising. Although I keep holding on to my Maidsafecoin I know it’s powerless right now. This whole issue with Maidsafe might create even more uncertainty among some people here. When you look at the prices for domain name on the clearnet, it becomes evident that people are willing to pay a lot for domain names. I don’t believe that there are people here who don’t got money, 3 SAFE Network projects raised $500K.

[quote=“happybeing, post:628, topic:9558”]
Long term it would be very lucrative, but if we wanted to do this we should have been working on it months ago to ensure that it doesn’t negatively impact MaidSafe or time to delivery. To do it now creates additional and unnecessary risk, and will be a distraction for MaidSafe.
[/quote]Money is a distraction for Maidsafe, coding up a website to do an auction? I think not, they code 18 hours a day.

[quote=“happybeing, post:628, topic:9558”]
I think it is dangerous for the above reasons alone, but also think it has the potential to undermine MaidSafe’s credentials and to make it harder to market this network as being for everyone rather than a money making scheme for some clever operators.
[/quote]What i wonder is why Google can make billions of dollars knowing everything about almost everybody, but a company who wants privacy and security has to survive on 45 BTC + 19 M Maid (magic internet money)? I did my best, community members even indicated that they are interested in reserving their public ID, still no auction still no crowdsale.

But your right I’m getting carried away

:stuck_out_tongue:

Have a nice day everybody and hope we find a solution

I’m sorry I know I said I was done. I didn’t want to “stir the pot” again with this.

But we either have moral standards like honesty and integrity or we don’t.

We either hold people on this forum to those standards or we don’t.

We cannot allow falsity in our midst. Because of the corruptible nature of falsehood. We must confront it.

This is what he originally stated:

This is what Dirvine said:

This is what he said in response.

In his original statement:

his contradiction:

So which is it? Did you clearly state your reasons for leaving? Or didn’t you?

I have a suggestion for you and please do not take this as a personal attack or that I hate you or anything like that.

Sincerely, I’m trying to help you understand how to navigate to life. Consider this a teachable moment- An honest man. Would apologise. An honest intelligent man would say the words “What I did was wrong. I am sorry. how can I atone for my actions” with sincerity.

Now it’s not my job to show you this, but trust me. If you heed my suggestion life will go better for you.

1 Like

There are 2 million MAID traded today. let’s assume they take a year to sell all these 19 million coins. I won’t count the weekends, but let’s take 200 days as a fixed number. That’s 95.000 MAID a day for Maidsafe to sell. So if they did this today, they would’ve accounted for <5% of total trade volume. Who would notice??

This is what I wrote before.

8 Likes

Someone said earlier that a majority of bag holders are forum goers. If this is the case.
Then let’s start setting buy orders to support the current price level rather than just buy everything at the current market price.

This will help maintain price stability as those reserved coins trickle on the market.
Newcomers to the market will most likely go for market price driving the price higher rather than wait their turn sitting on a buy wall.

2 Likes

I have great respect for you, your ideas and your work. But your lasts posts, have left me worried and a little embarrassed.

I do not want to get into the harsh criticism about the choice to use the extra MAID. This decision is, obviously, very debatable. But your return to this forum has been accompanied by a cryptic post that, in a veiled way, calls into question basic ideas on which the whole project relies.

You are not a simple user. You are a former developer, head of the most important library and responsible for several of the ideas of this project. And on behalf of this honor that you declare I think it would be desirable a clear explanation.

3 Likes

Yes, that´s what I thought (even though I am not very supportive of selling these coins).

1 Like

@19eddyjohn75

think if you did an auction with 1000 domains starting at 1000, for 1 month that you can generate a minimum of 1.5 M. That could give Maidsafe a run way of $1.5 M / 85000 = almost 18 months. Some domains could even generate a minimum of $10K (porn/sex/bitcoin/safecoin/exchange/money).

This is a joke. You’ve ignored my reasoning why this is totally unfeasible and not presented any credible explanation as to who is going to pay these amounts now.

Money is a distraction for Maidsafe, coding up a website to do an auction? I think not, they code 18 hours a day.

Nobody doubts MaidSafe can build a website, but you ignore my point that this is not just a website. It is a commercial venture that somebody (you assume MaidSafe) need to take responsibility for, and it is a complex one. The code needs to be designed, tested, reviewed, the venture set up with legal terms and conditions, legally reviewed, managed, marketed, field enquiries, have processes for things such as customer support, deal with legal disputes etc etc

If you want this to happen, you need to deal with points like those seriously and not just get enthusiastic and then dump it on MaidSafe to make it happen.

1 Like

Some more thoughts since I had some time to read the article by Adam Levine linked in the original announcement. Here Adam writes:

The project has been underway for eight years and is very close to launch. The funds raised are intended to power the non-profit company for the next three years of operation.

I never thought about that seriously, to me it made sense that the targeted 8 Mio. USD were supposed to cover all cost until the product was released. The article stresses that the whole sum was much more a financiation of building a company on the network. For that Maidsafe asked for 8 Mio $.

In some sense we are currently looking at a comparable situation. We are “very close to launch” and Maidsafe is looking for funding. However, the proposed solution will barely give more than 1.3 Mio USD if the coins are sold at the current rate, so there still remains a huge lack of funding. Am I wrong?

If Sex.com was sold for $14 million in November 2014 on the clearnet, how much do you think it would be worth on the SAFE Network?

10 btc = $ 5757.50

@happybeing I got enough ammo to buy 6 $1000 publicID’s, 1000 PID for $1000 is nothing.

This is what people pay for clearnet websites

This is not me making up stuff, to make Maidsafe super rich or promote domain hoarding, this is reality.

I don’t go into the legal details because that’s Maidsafe’s business. Around here we don’t know customer support, people bought DAO tokens without customer support. Things like CS are just a waste of time, if your not capable of partaking in something don’t.

I came up with the idea (I’ve already made mayor blunders in the past like starting a kickstarter campaign for Maidsafe) and it’s not up to me to make it happen. I did my bit and got people to talk about it even willing to see it happen, the rest is really up to Maidsafe. Don’t get me wrong I’m ready to promote this, buy my public ID’s, but really that’s all.

Although your calculation gives a better understanding, there are a few things.

  • The Maidsafecoin price is not static
  • Maidsafe only got 3¢ elbow room

0.06 * 95000 = 5700 per day ($ 171000 Monthly everything ok) (30 days)
0.03 * 95000 = 2850 per day ($ 85500 Monthly) (30 days)

There will be a pressure to sell for Maidsafe, for us as community it’s better to start buying like right now. From now on I’m only buying Maidsafecoins and totally ignore everything else.

1 Like

Yep. I’m serious, Give me a btc addy that dirvine has control of and I will send. I would trust this guy to create tesco as a ID which could be conveyed to me me after launch., simples.

1 Like

No, it has to be impartial and systematic, not ad hoc bids on the forum, or we’ll be drowned in noise and recriminations.

1 Like

Do you fear noise?..
Also, How could a auction be less impartial and sytematic than the original crowdsale for MAID?
And please explain where poss

The purpose of the “idea” is to help MaidSafe. Unless somebody can come up with a plan that actually helps MaidSafe rather than hands them a mess to try and make sense of, this won’t happen. MaidSafe will I expect quietly proceed with their stated plan and we’ll have forgotten about this idea, as several times previously. If something is to happen, somebody has to be willing to put work into it, and there are not many people capable or willing to do that. Nobody seems interested to do so here so it will just remain “noise.”

I think if MaidSafe feel this is a good strategy for the longer term, then they might well propose it to the community, but to do it now on the basis of creating significant income in the short term is fantasy. To do it now at all is I think impractical for the reasons I’ve given. To do it at all is potentially damaging to the image of MaidSafe and the project. All are issues which MaidSafe will need to consider, and I think put to the community. The enthusiasts here are simply ignoring all that, which is why I don’t think this is going anywhere soon.

2 Likes

As explained in the podcast, the MaidSafe team has gotten very efficient through all this. They are now coding in Rust which saves ages itself alone, and much more recently they have began using team leaders and more focused management to become even more efficient.

If they came this far, with working networks etc etc on just $2mil, then I think $1.3mil is more than enough to get the SAFE Network finished

2 Likes

Yes we know MaidSafe will make the decision. Thanks for stepping in and drumming that in.

What about start a new crypto-bond. People will buy them like stocks, and hold on to it for a year or so. Once safenet goes live, these bonds can be used to give discounts for buying maidsafe products such as shirts, stickers, meshbox, safecoins, etc.

It’s like those government bonds. Hold it for the interest, and wait for 10+ years to get huge gains.

1 Like

Dear @twotes who joined 9 hours ago (that’s a big fat clue right there),

Because it could as much trouble and use of resources as the amount you’re offering.

If you have that sort of money to speculate then just send it to them without strings.

2 Likes

FYI I started buying MAID soon after the Max Kieser episode.
I will send 10btc to a btc address tonight if dirvine decides to go this route.
I am sure many would follow my lead.

Also would you care to answer my questions?