MaidSafeCoin (MAID) - Price & Trading topic

As for MVP, I feel that it is not the right term for intermediate milestones, but I do believe there is (and should be) such a thing as an MVP.

I would define it as a bare minimum system in which the one and only SafeCoin exists, which means a robust storage and transaction network that supports it, and that can resist attacks on its integrity.

Everything else is just nice for adoption and to drive value etc.etc., but imo not essential to preserve the MVP that I just defined.

As for deflating SafeCoin, I wonder who would really complain about such a change other than people waiting on the sidelines.

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Without a properly functioning network i dont think it is possible to create safecoin and expect it to be safe.

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Sure that would be nice for the short term value of my MAID bag. I think on balance though I would not want to change the distribution. I mean if farmers are not rewarded enough we won’t see the network grow very fast. I would take a smaller share of the total safecoins if in exchange the network grows more quickly and makes the whole pie bigger. I think I really want the MAID generated SAFEcoins to be quite nominal. Like a small but fair tax for participating in getting the infrastructure up and running. The more factories people build the more that small tax adds up and no one complains. If you get people saying I am not setting up a factory because the tax is to high you get less tax then at a lower level where people find it an acceptable cost to participate in what you set up.

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What really is a properly functioning network? For example: How much does it rely on PUTs and GETs to remain secure? Why does it need to grow enormously big fast?

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Without data storage we would no farmers.
Without farmers we would have very few nodes.
Without many nodes it would be far to easy to attack the network.

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It’s definitely subjective, but I view an MVP as an iteration of the product that provides users with realizable value, I.e. a network that allows developers (whether MaidSafe or third party) to craft dApps that consumers can use (even if they aren’t polished yet). I view this as distinct from commercialization.

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Sounds like a Minimum Product, an MP :slight_smile:

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Once again, subjective, but viable to me means able to provide value. Value, of course, is in the “hand” of the user :slight_smile:

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If there is value to the users and not only developers I would agree. A system without SafeCoin, but with testsafecoin would be ok.

To earn the V in MVP the product needs to exceed certain level of robustness. If there is no SafeCoin involved that bar could be really low. Example:
MV0P - communication network without perpetual storage guarantee, and with imperfect security, but otherwise usable.
MV1P - same but with SafeCoin and basic security (many crypto currencies are fine even with occasionally successful attacks)
MV2P - security better than Bitcoin
etc.

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Then what would be the tipping point? I thought there would be safeguards built in to avoid having such a threshold.

I would accept less decentralized initial system iterations (and we probably will have to) and put a lot of trust in @dirvine, (which we already do.)

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I don’t think we’re entirely in disagreement here. As stated, to me it’s all about value to the end user. Value to the developer is important only in as much as it facilitates the transfer of value to the end user.

To that end, it’s hard to imagine the Network being able to provide differential value to end users without having the necessary security protocols in place. This in turn would likely require an operational PARSEC + (test) Safecoin + (test) farming. However, there may be other ways to provide value (although less robust) along the way.

Also, to make this at least semi on topic—the realization of value will positively impact the price, haha

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I really could not even attempt to answer that.
My math is certainly not up to it.

well since there is no official MVP point in development (for good reason, since its hard to achieve consensus when that is) You can start calling it MVP whenever you feel like lol. I think it’s more a marketing point. When are you gonna tell your family and neighbors about the SAFE network? I think whenever that is, it is at MVP for you.

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The important thing is that more key features will be developed with each release. As it starts to become more apparent that it is both feasible and useful, people will rally to support it.

Seeing the last year or two of research culminate in a network with vaults from home will be amazing! The following release with SAFECoin and farming will awesome! Seeing stuff delivered is what brings the promise and the theory to life.

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Vaults from home in Fleming, test Safe coin in December and what next? How will I explain to my wife that we are not billionares yet? Those details missing after test coin are just details. For me Fleming plus farming is MVP. Working test coin and farming is a psychological barrier that crypto coin traders require for MVP. No coin, no MVP. They do not understand almost anything about Safe network, but they understand coins and farming, since their life is all about it. MAID is traded on crypto markets, so we have to play their game.

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Wow! I’m so very glad to hear this, sounds like something I have been
hoping
for.

If there is testsafecoin on top of vaults, it will be interesting to see what kind of value the testsafecoin will get. I mean, even if it is clearly stated as temporary, and maybe buggy & whatever, surely there will be someone selling something for a price? Just for laughs, no? :stuck_out_tongue_closed_eyes:

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I think the testsafecoin will be a big point for traders trying to peg the value of MAID. We will finally have some data that might slightly indicate what a real safecoin could buy. Of course it will prolly be lower if the network gets bigger at finial… but I would see it as at least a minimum value and buy hard if it ever approached that.

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Bingo. Hit the nail on the head.

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Yes. Higher coin price means more money for everyone. More funds for the project and more marketing during launch.

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I agree, I hope the focus will shift from routing/vaults+data to safecoin, the wallet and user experience owning, transfering, using safecoin quickly after we get a taste of flemming. We need to see a “test” safecoin integrated into the ecosystem before I think many common folk will get more excited. Will turn into “Oh they have a test coin and I can finally send them around through their new fancy network? MaidSafe is no longer vaporware and a shitcoin, it shows promise now.” Question will be speed and scale of those test coin tx’s that need to occur too. Hopefully MaidSafe can give us load test scripts to all run on a certain day to try and simulate a network under duress for tx transfer/spend. Ofc making their own local tests and load tests will be important for the “in the vacume” testing and analysis. But nothing beats real world in the wild results and logging. They could even have the loadtest we run save local data we can send back to them as a log file for perf analysis or a doc we upload(or it just auto transfers the results to a endpoint they stand up kinda like the crust test did).

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