I tend to agree with what you say but just wanted to point out that at current prices the runway is at least 2 years
what I am worried about is a feedback loop… MAID price gets low-> company is like shit guys our runway got cut in half -> investors lose confidence and price goes lower.
I think what they are banking on is just make it to Fleming and then these prices will be a thing of the past as the network grows and more and more people find it useful.
This was asked in the predev update but might be more appropriate asked here since it is more likely to get answered and noticed by more people who are interested in the answer
I will ask @sharontannahill to add an update on this tomorrow. As far as I know there as only one person who susequently dropped out.
if possible I have friends who will take his place
Only thing is, theres lots of people would like that one place…
this is true, but are these people in the forum reading, writing and communicating … In my opinion the people who are here every day should have the advantage ie. the local people
kinda surprised only 1 dropped out. I was thinking people might try to game this a bit. Buy some MAID and if it stays stable or go down then participate in the loan and if it goes up (like it did) just sell it and be like aww sry can’t do the loan anymore. Or even just sign up to loan X MAID and if you can afford to buy it cause price goes down enough then great and if not oh well.
I guess there aren’t many gamers here.
ya this is a different kinda crowd then the average crypto traders where for sure a much higher percentage would try to game the system if it was legally possible.
Am 1st on line
28 posts were split to the topic: [https://safenetforum.org/t/maid-relisted-on-chainrift-exchange-shutting-down)
Any update on this? More than one year of funds should be remaining with the increase of $MAID right?
Yes we have closer to 3-4 years of funds at current (low) run rate.
That’s fantastic news
If you keep your MAID and BTC than in 3-4 years the answer can be 300-400 years;)
Yes I think that’s true What we need now though is focus and building the community contributions with some tighter leadership (in the loose sense mind you). It’s so much better to not money worry though. Some equity investors and VCs think money starvation keeps the mind keen and work rate up, but the team we have now would baulk at that. They just need time, that’s all just time as they are dedicated to launch. It’s a good position never the less.
That’s great to hear! If we can get a test net out by April, I hope to contribute in one way or another for a while!
I think the main pressure now is getting a test net out there, so other devs can build upon it. I certainly have a few apps that I want to have a go at!
Yes, this is the current push, there’s a couple of nice to have, i.e. simplifications, infrastructure fork resolution (a routing issue) and API updates for consistent data and then testnet visibility. Right now we are pushing visibility but the other changes need to happen (mostly). So personally I feel a testnet fast then a couple of quick (and I mean quick) iterations to put the last bits right.
We have put a soft limit now on code contributions (pull requests) to 200 lines. This is a sign of our confidence the code is extremely close, no more massive changes, just tweaks. Let’s see though, all we can do is be open and honest, I feel the team have proven skill and capability in the last 12 hard months. So we keep pushing