MaidSafe Update - November 2019

I was originally going to suggest maybe the new marketing team should just focus on selling the coin and use the tech as support. Then I was like nah that could create a false bubble. I think if we just stuck to getting people onboard with the product the fact they want to buy some MAID would be real and not just the latest coin shilling effort in the crypto-sphere.

I will sure be telling my friends to try out the network when Fleming comes out. I know others in the community do wayyy more then just tell their friends also. I don’t mean to say that is not valuable. Huge thanks to those that are finding buyers for my coins for no direct benefit to themselves!

I still think an official team is valuable in other ways though. Of course they need to be at least as valuable as the cost. Maybe that was not the case in the past. In the past they didn’t have a working product in hand like they will at Fleming. I think a common path might be: Heard from a friend this is cool -> checked out the official customer facing info from the company -> feel confident to try Fleming -> say damn this is the future and buy some MAID.

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@mav did some math there(was in some thread earlier) and I believe the end results from that showed if spread over time the coins should not impact market in a negative way relative to daily volumes. I am sure they would not mind selling OTC to some folks w deep pockets off market too but @ market price if possible.

I don’t see how you can do math on this without assumptions. The big unknown is how much volume is just the same coins bouncing around. If its mostly that, then small additions to supply could have a noticeable impact. If it is actually new buying power coming to take some off the market then it could balance out fine.

At least the sum of our assumptions (the current market price) had not included this additional MAID that is being unfrozen from long term HODLs by this loan. I think that big whale at 1300 backed off for this reason. That was where he thought he could buy all the loose MAID before, but now with a bunch more MAID hitting the market he can’t afford to buy it all at that price.

Maybe, or maybe he backed off because poloniex halted trading for USA. Or maybe because poloniex was sold to Chinese, and he does not want to hold his coins there anymore. The loan counts with working exchange. Where I see a problem is poloniex changing owners. This will change a lot. Who knows what will be their strategy. Without poloniex it will be close to impossible liquidate them.

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ya good points. That’s why I am saying there are too many moving parts right now to just look at old averages and infer much. Gonna have to give it some time to draw firm conclusions. Just hope the conclusion is the companies coins are worth the 2 year runway and my coins also retain their value :stuck_out_tongue: I didn’t dump all mine or anything. Basically just slowed buying until I get a feel what direction this is going.

A comment to hopefully help put the Maidsafe restructure in context …To call the challenge in design, develop, funding & build initially by a single entity of what is essentially a global public utility network which cannot be owned as extraordinary is an understatement to say the least!!

IMHO the difficult (from a human capital perspective) restructure is

i. an inevitable reflection of this challenge and the fundamental need to focus on the product delivery of a working network to protect contributions so far and create true (future) value

ii. the probably inevitable

a. transition of Maidsafe to a member of an (Im)possible network “organisation” with other complimentary partners/services and a common vision as you previously described “to rebuild a new network of interlinked communities of trust” enabled by the safenetwork utility capability. The network organisation objective being to minimise duplication of resources and maximise/optimise effectiveness and efficiency/benefits for all members (care capacity demand management).

b. Safenetwork community evolution as “Community of Practice” (COP) to harness/formalise the collective energy/capability as evidenced by the proposal for the community takeover of Maidsafe social channels

This begs a number questions … Who has a mutual interest to participate in such an (Im)possible network organisation & COP mission? What would Maidsafe Ltd and the Maidsafe Foundations role be in this? Where to from here?..

These questions get to the heart of the underlying dynamic which probably made the recent changes inevitable. Maidsafe has essentially been carrying the associated business burden/costs of an traditional entity which is building and taking a proprietal product to market … which Maidsafe is clearly not doing!!

As an aside I agree with your comment marketing needs to be “product” not crypto focused as (sustainable not speculative/connected to real world serves) “price” naturally will follow a successful product path which improves the human condition and our individual role as planetary stewards not destroyers. This to me reflects hopefully our and other aligned communities real commons/sense vision, objective and shared values, combined with a non extractive exchange capability which reflects this value to support our interaction.

Put frankly Maidsafe has carried burden enough…and the “value is in the Community!”. It’s worth saying that again **…… “the value is in the Community”… what else could it be?:thinking:: A recent Outlier venture “Communities as moats” piece described it as follows…

“A decentralised protocol’s moat in terms of community is what’s left behind when you take away its founding team and its marketing spend. Bitcoin, for instance, has worked perfectly well long after Satoshi and the number of initial developers stopped proactively contributing to it. The ability of a project to sustain without the kind of hierarchies that sustain corporations are what could make it recession-proof. That can happen only if individuals find their “tribe” in a community. …. Similarly, founders that build a strong community stand to be better than their peers due to the proactive feedback they receive from their community early on in their product iterations.”

With Maidsafe as part of a complimentary project group and community of practice, what would be its best role to support the commons community and reward its initiative/effort? As described in 2017 Maidsafe Business Overview a key Maidsafe objective is to focus on develop of application (and transition away from day to day responsibility of the network) …… a role it is ideally suited for/to. So as Maidsafe delivers the network and progressively hands over network governance and other operational functions to a commons/community of practice project group this will enable Maidsafe Ltd to focus its business model as a highly specialised product development entity with a unique expertise and heritage! That is … working with various groups, entities, individuals to enhance “access” to the network organisation and create interlinked Communities of practices/trust. A Maidsafe Foundation discussion with other network organisation Access Foundations re roles/interrelationship will also become essential. The last “Where to from here?” question… needs many other conversations…:smiley:

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these are thieves. do not invest in such scam. they stole the people’s btc by selling all their coins and now they focus only on worthless 0 value projects.
the 17 year project is closing gates.
I’m happy they closed their utopic controlled project.
Someone that thinks the governments will let them rolleOut such project without been controlled is a cretin(idiot).

don’t buy the scam
happy they close their fraud and no others are getting robbed

to be clear.
the scheme is this:
they will deplete you of your bitcoins. you should be happy to have the same amout of dollars after 2 years but in btc you’ll be ÷10. don’t throw your btc on this scam

Hey Romanian brother,

if you read here you will see that the community trusts their own eyes (computer code does not lie) with their own money:

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This really is a post from ignorance.

Also not sure of your reasoning since last year you already declared MaidSafe Fraudsters. Last year they worked on the project for 10 years and now 17 years, your facts are …

You really have to be careful with your words. Do you have any evidence for these claims, if not then …

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This will not actually concerns me:

As I come here for information and tech support much of the time. I mean yes it says you’ll still be doing the weekly updates but info support is of such importance this is rather vague. I feel this will end up cutting not much or something rather important and I’m not sure which as this is rather non specific.

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The fear is evident in your writing - in fact there is no reason for you to even post on this forum given your beliefs - you’d just ignore Maidsafe and this community – to post here would be a waste of your time … so …

What is your motive? Do you really expect us to believe that you are posting your opinion to ‘save’ those of us who are investing our time/energy/money? Those who you refer to as “idiots” ?? You don’t care about anyone here, your insults toward us prove that fact.

So, you have an ulterior motive. Please tell us how you are intending to profit from this FUD. Confess directly or let your silence be your confession.

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yeaaa…take a look at the fraud Maid produced. You sold it with 15k satoshi and now values 1.5ksatoshi.
the numbers are speaking. you stole people’s money

yes…escape while you can. with btc raising …I’ll be shitting in my pants if I were you

Being negative is lazy; understanding the importance of the concept is easy.

HighLow … pumpdump :roll_eyes: they’ll always be noobs looking to exploit a market but the more experienced will wonder at the different quality in projects.

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Well all you do is claim MaidSafe are fraudsters with zero evidence. There is a name for that action.

Why are you here then? Trolling perhaps? Or did you buy at the wrong time and really dirty?

Ensure you follow the forum guidelines that you agreed to by signing up to the forum
https://safenetforum.org/faq

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Boy that was a rant and a half. Hope you got it off your chest

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I think you got the wrong forum. The Substratum blog is somewhere else

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Completely agree with the above.

These clowns stick out like a sore thumb these days, especially since that amazing community fund raiser last week.

There are 101 projects out there that I don’t think are worth my time, I don’t give them a second thought, certainly don’t have the energy to post negative things on their forums. Good luck to them though, everyone needs to have a dream.

Absolutely an ulterior motive at work here.

The updates we’ve had over the past week, and the community response says it all.
We are solid, the foundations are rock hard, and we can be proud of being in a positive
place regarding the following…

  • Funding
  • Development Team
  • Project Leadership & Transparency
  • Speed of Development (The development team are progressing in all fronts, fast.)
  • Community Spirit
  • Community Skill Donations

There is no other project quite like this one out there.
There is nothing negative to say, we have seen quite a few accounts pop-up, or wake up from
a dormant period to just post desperate, Trump like, badly written and thought out crud.
Who has the effort to create an account to just criticize a project, who stays of line for 11 months
to just login and criticize a project, and all just after an amazing positive week?
Each recent negative post comes from that pattern of accounts, either brand new, or sleeper accounts.

:rofl::rofl: Let celebrate the obviousness of the massive fail, and the suspicious accounts by
re-reading the following. The Gentleperson's Guide To Forum Spies

I’m beginning to think I should buy another substantial amount of maid on the back of this news.
I just hope Flemming isn’t release before next pay day.

Guys, the SAFENetwork is happening, and it cannot be stopped.

image

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the fraud is that all devs sold out their coins.taking out the btc from people. they don’t care about the stability of the coin. and the project is a joke.
they should have launched SafeCoin by now. Anyway there is no guarantee at what price the new Safecoin will be listed and the fact that will be printed as dollar (valueless) and in billions out of nothing…is the next fraud of the team.
the project is utopic and controlled. even if works it will not be adoped by people since is under lincence.
it is not open source and they patented some part of it. great business with the people’s money.the project should remain free
that is why I advise not to buy the fraud. but hey…anyone is managing their money as they think

That’s disgusting and from an obvious troll who plainly wants to pump and dump based on slander and misrepresentation.

Sleep well my friend I fear you won’t have many restful nights in your world of deceit. If you want to keep trying to drive into granite mountains in your wee car, then go ahead, but can you do it a bit quieter, you are disturbing the grown-ups.

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