MaidSafeCoin (MAID) - Price & Trading topic


#2991

Precisely why now is a GREAT, better then ever time to buy it while low.

I just bought back in while BTC high and MAID at the super low price… 6.8K, im almost back to my topped out levels of MAID that I had a year or more ago.

My plan is to continue to trade MAID / BTC. Its really the only markets I know. I don’t bother with other ALT coins because 1, ive learned my lesson and 2, im not interested and 3, I know MAID, I know BTC. Thats all there is.

Make it rain.

P.S. There are a ton of new people getting into Crypto, im on several facebook pages and groups and the interest is intense and growing at the moment. So what happens is people buy BTC then of course naturally they want to read and learn about other markets, its perfect for MAID. My advice if you trade, invest or want to see MAID grow, get onto these pages and groups and simply tell people about Maidsafe in a non spammy way.


#2992

Good point. Where are some of the best pages/groups to bring/catalyze the conversation about Maidsafe? Would be great if you could provide some links. There are a bunch of relevant Reddit pages (e.g., alt coins, crypto markets, etc.) for sure.

I’ve been thinking that it might be worth while to start a topic where people can post links to pages where they are talking about Maidsafe. This could also include links to articles where they have commented or think commentary is warranted so that we can show how vibrant the community is and get other people engaged. Thoughts?


#2993

Busy now I’ll respond later with my own groups.


#2994

So Coinbase has finally been ordered by the court to hand over customer details of those exceeding $20K during the 2013-2015 period. I wonder if thats the end of it or will they be back in a few months saying look at what we found we WANT MORE!


#2995

What country is coinbase in? Or more precisely what country ordered it?


#2996

Only US citizens are affected. They operate in many countries though but started here in the US. US court order.


#2997

Just looked it up

We’re based in San Francisco, California.

In Australia it would be 10K AUD they would start with and have no worries to get it all.


#2998

As far as i know in the uk, if the taxman wants ur records they would just ask an exchange anyway.

I guess if your not declaring / havent properly, theyre gonna try and find ya.

Especially with this boom.


#2999

Wonder if BTC could still do another 10x.

I literally get so many messages from friends family and other contacts about bitcoin (and also MAID :slight_smile:) these days, but still don’t feel like its majorly mainstream yet. Can’t use it at Walmart :stuck_out_tongue:

So I’m wondering about the room it has to grow. It’s definitely spreading like a virus

And all the BTC progress / noise is only paving the way and getting society ready for a true digital cash currency and internet (SafeCoin) so I very much support and welcome it :slight_smile:

P.S. SafeCoin instantly confirming transactions is totally something I could see replacing visa :credit_card: etc at Walmarts. Cheaper and more secure for the store


#3000

Some have predicted it and seeing as its at 10K with some big funds just starting to list it as an option or part of a managed fund then it has the potential to go a lot further assuming nothing bad happens.

Seeing as BTC has a 0.000015xx resolution issue where you can specify it to 8 places but really only have 5 1/2 digits of resolution then about 0.1 mBTC at 10$ (100K/BTC) will be a major resistance/sticking point since the $1 resolution cannot be had. Mind you it could go a lot higher

EDIT: I never went into the lowest resolution for BTC so if its like 0.0000057x then I’d say 200K/BTC will be a sticking point.


#3001

Yes, yes and yes.

I smile at the thought of this everytime someone pops up complaining about the lack of price action with MAID. If we froze time right now at a similar market cap to Btc we’d be looking at what a 50 odd dollar Safecoin. That doesn’t even take into account recycling and speculation (which will likely be nutso)

Now fast forward X period of time if Btc continues its epic run, what would the equivalent market cap be on a working Safecoin at that time?

That line of thinking doesn’t even take into account the ubiquitous nature of the network and the digital cash side of the equation.

However you choose to do it over these next few alphas accumulate, accumulate, accumulate, 50 cents is honestly a ridiculously good punt :+1:


#3002

Yep. Still accumulating. All cash for this month however went into finishing my home server/network so that it’ll be ready to go at a minutes notice for vaulting.


#3003

It walmarkt accept visa then i think you soon can spend it there aswell with the Tenx card. Im from europe and already received the tenx card and its super easy and fast and everywhere with visa you can just spend some crypto (more pairs will be added soon like eth and dash)


#3004

You ain’t seen nothing yet. Unless “Governments” go paranoid and do something rash, Bitcoin is going to have many of the features that many of the current altcoins have. Namely:

1.Confidential transactions
2. Mast
3. Shnorr Signatures
4. Schnorr aggregation
5. Bulletproofs
6. Root stocks
7. Lightning Network
8. Atomic swaps
9. Mimble wimble

Bitcoin has the network effect. It’s value is going to increase substantially over time.

Maidsafe is now all about execution and timeline. (Regardless of Bitcoin’s price.)


#3005

Noob question (I don’t have much exp in business or trading) -
Total safecoin supply is 4 billion. Isn’t it right? I see people speculating that maid has the potential to reach several hundred (I saw someone even going for thousand) USD if the project is successful. Isn’t it too much to hope for as 4billion seems like a huge number to me? I see that most of the coins with >100 USD value has total supply of less than 200 million.


#3006

if safe network is as good as it sounds. I would be suprised if we dont pass bitcoin market cap(current)


#3007

The max supply is 4.3B coins. However, it will likely be decades before there are ever that many coins in existence at once (if ever) because

  • The network will kick off with the number of MAID coins (converted to Safecoins) in existence + early investors’ coins (~600M coins)

  • Many of those coins may likely remain on exchanges/in private wallets or be “burned” in exchange for services

  • Because coins are destroyed once used that naturally limits growth in total coins available

  • The farming algorithm will adjust how many coins are available based on size of the network

  • Divisibility, once solved, will address micro payments

When you think about it, the current internet is about 20 years old. In that timeframe, its value went from $0 to ~$20T. One way to think of potential coin value would be: if you say that it takes Safe a decade or two post launch to reach maturation, apply a percentage of “market share” if you will that SAFE could capture and divide that by 4.3B coins.


What is the internet worth discussion
#3008

Value of current internet would be much much higher, if there were native internet currency. Right now micro payments are not possible, so people have to pay via their privacy, displayed ads etc… Micro payments are a game changer. With them there are so many new options to increase the Internet value. Free, anonymous transactions are awesome way for tax evasion, so this should also boost business a lot. Internet value is increasing year by year, with IOT price should pump a lot, so even with 1% market share of internet safenet market cap can be trillion in few years. And don’t forget that market cap is not equal to real price. Market cap is just a sum of all coins multiplied by price per coin. But when you check exchanges, coins with few millions of market cap have almost no buy or sell orders. Even MAID does not have sell walls. You are simply not able to buy even 1% of all coins at reasonable price. So when price grows, it grows much faster if there are not many sellers. I can easily imagine safe price at $1000, lack of sellers and long bull market can make it happen even without beating old Internet. It can hit $10000 and more if it manages to be a real deal.


#3009

Generally agreed on multiple fronts. The first time I performed this analysis, I also took into account that of the 7.6B people on earth in 2017, only ~50% of people have access to the internet. The number of internet users has grown by ~12% annually with a standard deviation of ~3% over the past 10 years. Based on these calculations we could theoretically achieve a ~100% global user rate by 2025 (holding constant for sociopolitical strife etc. which would suppress the growth rate, and much like freight I think the “last mile” so to speak will be the trickiest and most expensive part to complete).

Due to lack of access to a better data set I backed into an average growth rate for the value of the internet over the past 23 years (~4.8% annually).

You combine these two thought exercises together and we’re looking at the value of the internet being ~$30T in 2025. That’s just from sheer organic growth and doesn’t even take into account the innovations you’ve mentioned

Not entirely sure what nuance you’re calling out here. Market cap is the total number of coins in circulation (not absolute total coins) multiplied by the average per coin price. So, if the value for the internet is ~$30T in 2025, SAFE seizes 10% of the value by that time, and ~1B Safecoins are in existence at that time, then the price would be $3,000 per coin.

This of course is very rough math. For example, it doesn’t take into account value-increasing innovation that could allow SAFE to secure more of the internets value (upward pressure on price). It also does not take into account the difficulty of the farming algorithm (if easier could result in more coins at that time placing downward pressure on price). Those are just a few weak points in the analysis, but it helps to construct a hopefully helpful picture of the potential.


#3010

Internet takeover is one thing, but what about all the other stuff… black market? store of value? currency? Released spare capacity from a planet overflowing with it?

These things always sound silly from the bottom (lol to saying that at 50c). It sounded really silly when we all said BTC could be worth $1M years ago, now the forecasters are all saying $100k-$1M or bust in the next 3-5 years.

When I found SAFE I got goosebumps… repeatedly. If it does what it is supposed to do then I really think the sky’s the limit. You’re spot on not to calculate the entire 4.3bn as so many make the mistake of doing. If the network is a big success we can expect a lot of coins to be being ‘used’.

I wonder, when divisibility comes if we’ll call the fractions of a SafeCoin ‘Irvines’? :thinking::grin:

Whatever happens and however far it goes, IF SAFE works it’s going to be frickin’ HUGE! :v::rocket: