MaidSafeCoin (MAID) - Price & Trading topic


#3948

Oh, maybe you’re right. I took it he mentioned the dilution as a MAID weakness because MAID will be converted to SafeCoin eventually, so it’s something to take into account already.

The only one who knows is Felix. But does he :smirk:


#3949

Don’t be sad. :slight_smile:

It really is an accumulation opertunity.


#3950

Moreover, who cares about divisibility of maidsafecoin? They aren’t even a dollar each now and they were never supposed to be a currency.


#3951

I care about divisibility. I believe in MAID as a whole and what it is going to provide for us. But, I’m also trying to make some $ here.


#3952

50c is smallest unit. Who is wanting to trade less than that? It is less than 0.5% on $100. The exchanges don’t even care about the decimals until you withdraw either iirc.


#3953

Where oh where is this unknown dilution coming from???

Everyone who buys MAID and did even 2 seconds of research knows that the max SAFEcoin is 4 billion and that the 400 million MAID will be exchanged for 400 million SAFEcoin at release. So where is the dilution???

Also the number of safecoin after the network is live for 30 days is likely to be LESS than 400 million because of all the uploads without the downloads to reward that many coins to others. So where is the dilution???

Oh you mean that after an initial stage that more coins will exist at a rate of 4 billion in 3 decades. Oh dear how will the coin survive (sarcasm sorry) The point is that like all the other coins mined the value of the coin is not decreasing because of increase in existing coins.

As the network grows (thus need for safecoin) so will the number of safecoin and really the value will rise because of the other uses of safecoin and people will be trying to get more and have to buy it at increased prices.

So where is the dilution coming from. There is never going to be more MAID, there is no more MAID to be “printed”. So where is the dilution for MAID coming from???

And maybe reading more of the forum will allow you to see why your statements are not really correct even for trading purposes.


#3954

Well I sure don’t. I honestly believe that MAID as it is will benefit (especially the early) supporters of this project the most – in the long run.

I understand that many folks feel like losing out on many opportunities, seeing many cheap ICOs go from cents to full-fledged coins listed at ten bucks in six months, but a relatively stable, cheap and obscure MAID is still a blessing in disguise. It’s like a prolonged ICO.

The only question is what the team has delivered when they feel they’re done. I see it as likely that the ICO participants at the very least will get very, very rich on any standard.


#3955

I think the name is fine. After all, when I hear the name “Sia”, all I think is “Australian pop star”. That’s not particularly informative in a technological sense, but SIA seems to be doing just fine. We embue identifiers with meaning through the stories we tell. That is the essence of marketing.

I’m not sure if you’re joking. It’s hard to tell in this format. In 2016 ETH was less than a dollar, but look at the price now. Current price seems to be a bit of a non sequitor with regards to the need for divisibility. We build tomorrow’s solutions today so that we have them when we need them.


#3956

Not joking at all.

Why does maidsafecoin need small units? It is a placeholder token to hold until safecoin is released. It isn’t meant to be a currency for buying coffee etc. I suspect the biggest limit would be to pay fees, but even if they were $5 a coin, this isn’t much of a hurdle for buying $100 or more. It is also 10x where we are today…

Yes, it would be great if maidsafecoin was all things to all men, but that isn’t really its goal; it is to let people pre buy SAFECoin before launch.


#3957

I guess it depends on timing of the network launch and how high MAID’s value goes in anticipation of said launch. That being said, I thought your commentary was directed towards Safecoin itself, which is why I thought you were joking.


#3958

I think part of the problem is that it is easy to conflate the two. It must be pretty confusing for people new to the project, especially when they see threads about divisibility, initial distribution, threads about price, etc.

I think we need to be as clear as possible over what the goal is for maidsafecoin though. The really fun starts when we get some safecoin to play with! :slight_smile:


#3959

I think the issue and confusion comes from the rate of inflation not being known in advance. In Bitcoin it is well understood how many coins will exist at any given time. With SAFE that will depend more on network usage and how many farmers show up. Maybe after launch people will be more comfortable with this if the rate of inflation is shown to be somewhat predictable.


#3960

I am taking the angle now

  • that it’ll be decades before most coins can be in existence
  • The increase in coin existence will be in line with the growth of the network.

Thus the dilution effect is non-existent

Then I add that when people are using the network and uploading data then the coin is being recycled and thus reverse dilution pressure.


#3961

This could be interesting


#3962

Was just thinking about this kind of thing, trying to convey layers that maybe many onlookers don’t see:

Pandacoin (Wolong level sh*t, dropped to 1 Satoshi) > Prodeum (not too far off from Wolong level maybe, didn’t actually check the results after known scam) > BitConnect > Safexchangecoin (today’s version) > DOGE > Gamerbits = ETH = BTC > MAID/SAFE = True SafeExchangeCoin (in the future) = PDC | highest to lowest scam level. Some of the “>” signs might be super very slightly differentiating between the coins listed, but I won’t be bothered to judge the severity of each “>”. You might say that a lot of still-higher-end scammier coins like to “coin” their ideas, and keep the hype going, especially with Safexchangecoin’s current version.

I’m a simple mind and very ignorant about a lot of projects out there in 2016-2017, vs. knowledge of projects in 2014 (some 2015?). I remember liking Monero. I think there’s just an abundance of crazy projects out there now. Like… where did it all come from? How is anyone expected to keep track of it all? I know SAFE is amazing and I’m a futurist at heart, but maybe I’m missing out on stuff that’s “here in the now”. It might be a bit of lunacy to make a determined effort to look somewhat closely at every major coin in the top 100, but could pay off, albeit just slightly… compared to the impact safe will make (there I go again tooting everyone’s horn here).


#3963

Watching other projects’ ideas is funny and interesting, but never forget that you don’t need to catch all the opportunities in the markets. You just need one gem to catch your dreams


#3964

Somebody wants to acquire Poloniex? Stupid move. Poloniex was in the best position. They were held back by scaling problems. Maybe they chose the wrong tech. Reacted slow. Couldn’t switch. Falling back now. Steadily. Why buy a sinking boat?


#3965

Because it has a lot of registered users and they plan to migrate to new tech perhaps?


#3966

Might get direct fiat to crypto is we are lucky with this polo buy out…
Some people who I inform about maidsafe say they like it… And they would buy it if it was on a decent exchange, I.e. cash to crypto.

It’s a bit difficult… I’ve recently switched to tamsfering $ value to bitcoin cash to poloniex instead of bitcoin, unfortunately it is one extra step on top of an unfamiliar procedure especially for newbies and it’s already put of some of my friends.

One interesting example, a friend trades crypto through a bank… they don’t own the private keys, they just trade through and app and consider themselves crypto investors. They won’t buy maid as it’s to complex, … but that’s the point. Now is the time to make that extra effort before maid is available for easy purchase…

Of to back up my truck… Beeep beeeep beeeeep

Edit:. I guess it’s like this, put the extra effort in now to buy lots of coins, or wait till they are widely available and put the hours in at work to afford the same number of coins.


#3967

Struggling to cope with excessive demand is an enviable position to be in. Crypto seems to suffer from chronic impatience at the moment. If this crash is sustained for a period, it will return to something a bit more normal.