MaidSafeCoin (MAID) - Price & Trading topic


#5776

Bitcoin had already minted roughly half of the coins before the big price run in 2013. That means early adopters held 50% of the coins at the time. At that point the inflation was already significantly reduced. Maid on the other hand distributes only 10% of the supply, then waits 4-6 years before quickly over 10 years spewing out 98% of the supply. People who bought in to maid will lose the early adopter advantage, while the bitcoin investor didn’t. Same principle applies to other coins, large inflation in the beginning is good, it’s an incentive for early adopters to acquire when the prices are cheap. But maid is NOT having large inflation in the beginning, it’s putting out 10%, then zero inflation for 4-6 years before we get a sudden rush and complete dilution of the initial base investors.

Year     #bitcoins       Inflation per annum
2009     1,624,250          -
--------------------------------------------------
2010     5,020,250        209.1%
2011     8,001,400         59.4%
2012    10,733,825         34.1%
2013    12,199,725         13.7%
2014    13,671,200         12.1%
--------------------------------------------------
2015    15,029,525          9.9%
2016    16,075,400          7.0%
2017    16,750,400          4.2%  (estimate)  
2018    17,425,400          4.0%  (estimate)  
2019    18,100,400          3.9%  (estimate)  
--------------------------------------------------
2020    18,575,200          2.6%  (estimate, halvening)
2021    18,912,700          1.8%  (estimate)
2022    19,250,200          1.8%  (estimate)
2023    19,587,700          1.8%  (estimate)
2024    19,806,350          1.1%  (estimate, halvening)
--------------------------------------------------
2025    19,975,100          0.9%  (estimate)
2026    20,143,850          0.8%  (estimate)
2026    20,312,600          0.8%  (estimate)

#5777

Yes. Anyone who steps out of line and disagrees with the bullish mantra must be an troll wanting to buy at lower prices. You figured it all out thc, good job!


#5778

Great! And remember, if you do want to learn more about any of this on your own, there have been MANY discussions on this forum over the years, all happily archived.


#5779


#5780

You have yapped incessantly all weekend and you now want to convey contempt? You are a little rascal, aren’t you?


#5781

That’s your words. I never said that. Do you not know the meaning of “or” ?


#5782

I’m just glad you’ve got it all sorted now. Happy reading.


#5783

I’m not into censoring, but this IS getting off-topic. Who is the topic fork czar here?

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#5784

I think this has been pointed out previously as speculation however.


#5785

It would be odd if the distribution listed in the white paper is completely off range, so unless a new emission schedule is presented I think the most sensible thing is to use the current estimate. There’s been no clear communication from the team that the schedule is completely off, but I hope to see a new white paper out soon where this is clarified further.


#5786

Everyone here has given @warz way too much credit for all of this sloppy math and speculation. Inflation only means something when the market is flooded with currency and there is no need or use case for it. So, its great if you want to look at charts, calculations and all of this under theory but reality will be driven by demand. No, demand and the price tanks. Massive demand for whatever reason whether it be institutions, whales, retails storage and so on could prove that the supply injected into the ecosystem will not be enough to keep up with demand. We could also find that there is no demand and inflation very well does take over and the price gets crushed but enough with the shitty academic approach and realize that none of this happens in a vacuum and by the book. Keep looking at only the supply side and don’t factor in demand or use case and you will end up with the wrong conclusion.


#5787

Sorry, that’s not how the economics works at all. Inflation ALWAYS means something. You can argue that the effects will be small due to demand, but inflation causes more supply to fulfill the demand with, you should always expect a lower price than without it.

Also you’re misrepresenting my views again, I have never denied the impacts of demand, in fact that was one of my earlier posts where I explained the effects of supply and demand.

Regarding sloppy math, be specific, don’t just throw out vague accusations. What math is wrong exactly?


#5788

The correct answer of course is to link inflation to economic growth in the network, and attempt to encourage and attract developer activity to help build out infrastructure towards this aim. There have been various discussions over the years sprinkled throughout these forums on how best to achieve that end. Fortunately the autonomous Safe network will have a great deal more flexibility in this regard Vs traditional blockchain based projects and their fixed time “set it and hope for the best” block issuing algorithms… so I guess we will just have to wait and see how the test networks proceed.


#5789

:joy: Come on. How about we all just be like little Fonzies. You know what he’s like. What do you say?:joy:


#5790

Who would have thought the FAANG stock prices would be where they are now. Not me. That’s why I’m not letting go of my little stash of soon to be Safecoin. All we need is for 100 million users to use Safenet and voila


#5791

Well said, except I wouldn’t have said “massive inflation” but that might just be differences in how we each consider “Massive”.

I’d consider the 10% existing for immediate use as going a long way towards that “kick start” and hopefully good farming conditions early on to be good. And hopefully good emission rates to help cover the massive spending (destroying) of coins early on (months to year or 2) as the network takes off.

General talk here. It really is not a crypto project designed to make people rich off investing in safecoin and the $20000 figures don’t really help either. The coin is not for investing but for being used on the network to help prevent attacks while providing a way to reward those who provide resources (storage, App development, quality content) to the network. Crypto projects have mostly been about money making along the lines of stock market trading and usually they are just a “project” so they can create a blockchain that will make them money. SAFE is not a crypto project and safecoin is for the network and a way to reward people giving resources and to charge people to use resources.

The price could very well never take off like bitcoin, but will maintain a reasonable fiat value. We really have not seen anything like this before. And as I said before the safecoin value will mostly be based on the network’s value and some on the use for buying/selling on the network too.

EDIT: and the one thing overlooked by many is that also unlike blockchains there is no SET emission rate. There is no x coins per block which halves after so many blocks or anything else like that. SAFEcoin is only issued as required according to the algorithm (RFC0012 currently) and coins are destroyed according to people’s storing habits.

So there is absolutely no way to give an accurate emission/destruction curves. But there are ways to reason out potential scenarios.

I doubt in future there will ever be an emission curve/rate given WITHOUT a destruction curve/rate to complement it. In any case such curves will only be possible after reasoned modelling is done.


#5792

Keep Calm & hold your tokens :pray:


#5793

The whales were bored with Bitcoin being a stable coin and played with maid the past few weeks. What comes after 4 huge dumps followed by 4 huge pumps? Anyone FOMO lately?


#5794

When you have an initial buyin, and know that on network launch - with the possibility of all your storage and communication costs covered for ever…

Market up and downs don’t have much FOMO power over you.

Edit: to da mooooooon


#5795

Not really about Maidsafecoin’s price, but still about money.

:stuck_out_tongue: