What a Christmas! MAID ATH after ATH and a sense of this being a new level, or even just warming up. That’s my guess anyway. It seems a long time since the last ATH and the project and community seems to me to have grown in many ways, while remaining true to something that draws most people here together. There’s a steadiness here that I value and appreciate, including in this very speculative topic. (I don’t post often here, but I read most of the topics having never broken the habit since being a moderator).
I’ve been watching reactions to this which contrast to my own (which are more, yup as expected and will continue, in time) so I’d like to present my perspective, and I’m curious what folk on this topic think about the following, whether you agree or disagree with the broad points, or any particular sub-points…
there are a lot of cryptocurrency style projects just now, and while they have attracted interest and much investment (due it seems to marketing rather than substance), a very small proportion of them have done so through merit because a lot of the money is either ill informed (ie jumping on a bandwagon) or from those aiming to exploit the ill informed.
it is inevitable that the limited prospects of all but a very few projects will become apparent over time, and as this happens money will move away from them to projects that are delivering, and at the same time the market will become more educated and discerning.
Maidsafe are not guaranteed to deliver, but of all the projects out there, it has one of, or perhaps the most credible proposition, with regard to actually achieving something useful, and if Maidsafe do achieve those aims SAFEnetwork will blow even other successful projects away in the process.
If the above points are correct, the effect will be a move of lots of money from many projects to a small number of projects, or possibly just to one, in which case there would be a very much larger boom in MAID than we’ve yet to see in this whole bananas cryptocurrency boom.
If you disagree, I’m very interested to hear which particular points you disagree on and why. I have my own reservations, and can criticise this too, but I’m interested to know what opinions my fellow hard headed crypto intelligencia think about these points.
So I’m not saying this will happen, but that it is how I see things right now, and is part of why I am more interested in demonstrating capability than anything else. I’m not saying marketing is not useful, please don’t think I’m against those doing that useful work (I do it too - see my posts and tweets etc), but I don’t share the idea that without marketing this project to the point that the price is hyped to that of the ‘top ten’ or so, it will be in some way doomed, or risks not giving enormous returns to investors.
I think that if Maidsafe deliver, enormous returns are pretty much inevitable because this market is over invested in so many projects that will deliver little or nothing. This is not investment advice, it is personal opinion! I have been wrong in the past
So it is my fallable opinion, that if SAFEnetwork achieves its aims, I don’t think there’s any chance of it being less than another bitcoin + Ethereum squared. I may be wrong, but that’s what determines my activity.
So, my suggestion is to relax and support the project in the way you most enjoy, whether it is marketing, building, educating, socialising, just watching, or anything else. But I’m interested in reasons for why you might think my proposition is flawed, weak or wrong… or right!